The Hurun Institute’s Global Unicorn Index 2024, a ranking of the world’s startup companies established in the 2000s, has been announced. For context, unicorn Basically, it’s a startup that’s worth at least $1 billion but hasn’t gone public yet. The world’s unicorns come from 53 countries (up from 48 last year) and are spread across 271 to 291 cities. The United States leads the ranking with 703 unicorns, followed by China with 340. Hurun discovered 1,453 unicorns around the world, a new world record. He increased the number of unicorns by 7% or 92 companies.
Biju’s evaluation The steepest decline is seen worldwide.
Troubled edtech giant Byjus has become the biggest unicorn to be delisted globally by value, according to the report. Byju’s was valued at more than $22 billion a year ago, but since he was delisted, he is now worth less than $1 billion. The report said Byju’s, which was founded in 2008, lost its coveted position due to restructuring and cost cutting after mounting losses, adding, “The former unicorn failed to meet its revenue targets for the financial year ended March last year. “We are working to resolve the US dollar issue.” 1.2 billion in debt.”
Hurun Report Chairman and Chief Scientist Rupert Hoogewerf said of Byjus that some startups do fail and receive significant media attention in the process, but added that such companies are essential to the economy. Ta.
The number of startup unicorns is decreasing in India.
For the first time in years, the number of startup unicorns in India has declined from 68 to 67, according to the Hurun Global Unicorn Index. In 2024, the United States will add its 70 new unicorns, China will add its 56 new unicorns, and the rest of the world will add its 45 new unicorns. The US and China also had the most dropouts, with 21 and 11 companies no longer unicorns.
The report also highlights the emergence of new unicorns across different sectors and regions, with fintech, AI, blockchain and new energy being the fastest growing sectors this year, with fintech leading the pack. focused.
India ranks third in the world with 67 unicorns, led by on-demand streaming startup Swiggy and fantasy sports platform, according to a report by Hurun Research Institute. dream 11 Each is worth $8 billion and Razorpay is worth $7.5 billion.
“One factor is that Indian founders have produced more offshore unicorns than any other country, with 109 unicorns outside India compared to just 67 within India. ,” the report states. According to the index, almost all of the unicorns founded outside India are in the United States (95), led by the Bay Area, followed by four in the United Kingdom, three in Singapore, and two in Germany.
Biju’s evaluation The steepest decline is seen worldwide.
Troubled edtech giant Byjus has become the biggest unicorn to be delisted globally by value, according to the report. Byju’s was valued at more than $22 billion a year ago, but since he was delisted, he is now worth less than $1 billion. The report said Byju’s, which was founded in 2008, lost its coveted position due to restructuring and cost cutting after mounting losses, adding, “The former unicorn failed to meet its revenue targets for the financial year ended March last year. “We are working to resolve the US dollar issue.” 1.2 billion in debt.”
Hurun Report Chairman and Chief Scientist Rupert Hoogewerf said of Byjus that some startups do fail and receive significant media attention in the process, but added that such companies are essential to the economy. Ta.
The number of startup unicorns is decreasing in India.
For the first time in years, the number of startup unicorns in India has declined from 68 to 67, according to the Hurun Global Unicorn Index. In 2024, the United States will add its 70 new unicorns, China will add its 56 new unicorns, and the rest of the world will add its 45 new unicorns. The US and China also had the most dropouts, with 21 and 11 companies no longer unicorns.
The report also highlights the emergence of new unicorns across different sectors and regions, with fintech, AI, blockchain and new energy being the fastest growing sectors this year, with fintech leading the pack. focused.
India ranks third in the world with 67 unicorns, led by on-demand streaming startup Swiggy and fantasy sports platform, according to a report by Hurun Research Institute. dream 11 Each is worth $8 billion and Razorpay is worth $7.5 billion.
“One factor is that Indian founders have produced more offshore unicorns than any other country, with 109 unicorns outside India compared to just 67 within India. ,” the report states. According to the index, almost all of the unicorns founded outside India are in the United States (95), led by the Bay Area, followed by four in the United Kingdom, three in Singapore, and two in Germany.
