India will have 122 new unicorns in 4 years: Hurun Research report

In just one year, the number of such startups has increased by 65%

India will have 122 new unicorns--startups valued each at more than $1 billion--in the next two to four years, according to the ASK Private Wealth Hurun India Future Unicorn Index 2022.

Hurun Research Institute’s ranking considers Indian start-ups founded in the 2000s, valued at least $200 million, and not yet listed on a public exchange. The index has classified companies as would-be unicorns (those founded after 2000 and valued at least $1 billion), gazelles (those most likely to become unicorns in two years), and cheetahs (start-ups that could go unicorn in four years).

“In just one year, the number of