India’s unicorns of tomorrow

The Hurun Research Institute has released its inaugural 'Hurun India Future Unicorn List 2021' to rank startups that are knocking at the doors of a billion-dollar valuation.
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Good Morning,

2021 has been a landmark year for India's startup ecosystem. Not only did the country raise close to $26 billion in VC funding between January to August, India also saw an average of almost three new unicorns per month. 

Then, there were, of course, outliers like the 'Unicorn Week' in mid-April, when six unicorns were birthed in a span of seven days. 

But we're not done yet. 

The Hurun Research Institute has released its inaugural 'Hurun India Future Unicorn List 2021' to rank startups that are knocking at the doors of a billion-dollar valuation. 

These companies are valued at over $200 million, not yet listed on a public exchange, and "most likely to go unicorn’ in two years (Gazelles) or four years (Cheetahs). 

The report stated, "India’s unicorns are now worth $168 billion, more than the GDP of Telangana at current prices.”


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Before you go, stay inspired with… 

“Preparing the Future Unicorn List 2021 has been one of the most daunting tasks, primarily due to the positive hyperactivity in Indian startup ecosystems. Five startups that we had as Cheetahs at the beginning of our research, jumped straight to unicorn valuations."

Anas Rahman Junaid, MD and Chief Researcher, Hurun India


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