https://sputniknews.in/20231117/indias-ranked-third-in-global-unicorn-production-report-5456784.html
India Ranked Third in Global Unicorn Production: Report
India Ranked Third in Global Unicorn Production: Report
Sputnik India
India is the third country in the world for unicorn production, having 72 unicorn companies valued at a combined $195.75 billion.
2023-11-17T21:34+0530
2023-11-17T21:34+0530
2023-11-18T14:15+0530
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India is the third country in the world for unicorn production, having 72 unicorn companies valued at a combined $195.75 billion. Journalistic Org research indicates that the nation's unicorns contribute significantly to the global unicorn valuation, accounting for 5% of the total. BYJU, valued at $11.50 billion and ranked 36th globally, is the first Indian company to appear in these rankings.With a total valuation of $641.67 billion, China is home to the second-highest number of unicorn companies, making up 17% of all unicorn companies in the world. TikTok's parent company, ByteDance, is the most valuable company in China, with a valuation of more than $225 billion.There are 216 companies in the financial services sector with a combined valuation of $706 billion. Financial services companies have a 10% higher total valuation than their consumer and retail counterparts, even though they have the same number of unicorns. According to the report, the consumer and retail sector is valued at over $631 billion, placing it at position 216 overall.
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india, unicorn production, nation's unicorns, global unicorn valuation, indian company, global unicorn valuation, china, tiktok's , bytedance, forex.com, financial services companies, consumer and retail
india, unicorn production, nation's unicorns, global unicorn valuation, indian company, global unicorn valuation, china, tiktok's , bytedance, forex.com, financial services companies, consumer and retail
India Ranked Third in Global Unicorn Production: Report
21:34 17.11.2023 (Updated: 14:15 18.11.2023) Unicorns are private start-up firms valued at over $1 billion.
India is the third country in the world for unicorn production, having 72 unicorn companies valued at a combined $195.75 billion.
Journalistic Org research indicates that the nation's unicorns contribute significantly to the global unicorn valuation, accounting for 5% of the total. BYJU, valued at $11.50 billion and ranked 36th globally, is the first Indian company to appear in these rankings.
Nonetheless, Indian firms have a lower average valuation per unicorn than some of their counterparts ($2.72 billion). This aligns India with the UK and highlights its importance in the global start-up scene.
With a total valuation of $641.67 billion, China is home to the second-highest number of unicorn companies, making up 17% of all
unicorn companies in the world. TikTok's parent company, ByteDance, is the most valuable company in China, with a valuation of more than $225 billion.
According to research commissioned by FOREX.com, 377 unicorn companies—valuing a total of slightly over $1 trillion—all belong to the enterprise tech sector, which also leads the unicorn market. It is anticipated that enterprise technology will continue to lead the industry, outpacing growth and overall valuation estimates by 2027.
There are 216 companies in the financial services sector with a combined valuation of $706 billion.
Financial services companies have a 10% higher total valuation than their consumer and retail counterparts, even though they have the same number of unicorns. According to the report, the consumer and retail sector is valued at over $631 billion, placing it at position 216 overall.
