Hurun India Future Unicorn Index , 2022

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Key highlights of the Index-

• The objective of the index is to highlight India’s fast-growing start-up ecosystem to investors, governments, family offices, aspiring entrepreneurs, and the international community.
• HRI has classified start-ups as 
  • Unicorns -start-ups founded after the year 2000 with a valuation of US$1bn.
  • Gazelles– start-ups that are most likely to go Unicorn in the next two years, and
  • Cheetahs -start-ups that could go Unicorn in the next four years. 
• This is an index of the most valuable private equity or venture capital-funded companies in India founded after 2000.
• As per the index India will have 122 new unicorns in the next two to four years and these unicorns currently have a cumulative value of $49 billion.
• The cumulative valuation of gazelles featured in the index increased by more than 54% year-on-year to $31 billion.  
• In just one year the number of cheetahs has increased by 31% to 71.
• Bengaluru, the start-up capital of the country, alone would add 46 new unicorns, to its existing tally of 33, in the next two to four years. 
• Delhi NCR would add 25 new unicorns, Mumbai 16, Chennai 5, Pune 3 unicorns while the rest are expected to come from 20 other cities.
• The index mentioned that venture capital firm Sequoia became the most active investor in the country’s start-up ecosystem followed by Tiger Global which holds stake in 27 future unicorns.
• HRI stated that India has emerged as the third largest ecosystem for start-ups after US and China, and saw a record 44 start-ups turning into Unicorns in 2021.
• Note: Term Unicorn was first published in 2013. It was coined by venture capitalist Aileen Lee.

Further reading:  https://journalsofindia.com/what-is-a-unicorn-startup/

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