With 21 unicorns, India third on list of billion-dollar tech start-ups; US, China lead

India, with 21 unicorns, stands a distant third to China and the US in the inaugural Hurun Global Unicorn List 2019, a ranking of the world’s billion-dollar tech start-ups compiled by the China-based Hurun Research Institute.

China, with 206 unicorns and the US, with 203, dominate the list with over 80% of the world’s known unicorns, despite representing only half of the world’s GDP and a quarter of the world’s population.

Hurun Research found 494 unicorns in the world, based in 25 countries and 118 cities. Set up seven years ago on an average, they are worth $$3.4 billion on average and $1.7 trillion in total. Valuations are a snapshot of June 30, 2019.

Indian unicorns are led by payments solutions platform One97 Communications ($10 billion), followed by cab aggregator Ola Cabs ($ 6 billion), online educator Byju’s ($6 billion), and travel-stay finder OYO Rooms ($5 billion).

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