As per the Hurun Global Unicorn List 2019, with the 21 unicorns, India has emerged as the third largest ecosystem for more successful startups right behind the China and US but ahead of Britain and Israel.
In India, payment solution platform, One97 communication (US$ 10 billion), are the leading the bunch followed by cab aggregator Ola Cabs (US$ 6 billion), online educator Byjus (US$ 6 billion) and travel-stay finder OYO Rooms (US$ 5 billion).
China pipped the USA to lead by 206 versus 203, together accounting for over 80 per cent of the worlds’ unicorns. Europe has 35 unicorns. Hurun Research found 494 unicorns in the world, based in 25 countries and 118 cities. Set up seven years ago on average, they are worth US$ 3.4 billion on average and US$ 1.7 trillion in total.
“These young companies, only seven years old on an average, are the worlds’ most exciting start-ups, leading a new generation of disruptive technology,” Hurun Report chairman and chief researcher, Rupert Hoogewerf, said. According to the list, Beijing is leading with 82 unicorns is now the world’s unicorn capital distantly ahead of San Francisco with 55 followed by Shanghai, New York and Hangzhou.
As a region, Silicon Valley leads the world with 102 or 21 per cent of the worlds’ unicorns. The list showed e-commerce and fintech make up 31 per cent of the worlds’ unicorns, followed by cloud and AI.
The worlds unicorns span 25 industries, with the Big 5 Industries making up half of the total.