India home to 100 unicorns with a combined m-cap of $240bn: Credit Suisse

Start-ups, the note said, account for a reasonably high 6-7 per cent of new firms in India, and the ratio has risen over the past decade. India is a home to the third-largest set of unicorns globally.

India is now home to the third-largest set of unicorns globally, behind the US and China, and commands a total valuation of $90 billion, suggests a recent Credit Suisse report. Compared to 336 listed companies with $1 billion in market capitalisation (market-cap), there are now 100 unicorns in India with a combined market-cap of $240 billion, the report says.

Start-ups, the note said, account for a reasonably high 6-7 per cent of new firms in India, and the ratio has risen over the past decade, with new start - ups incrementally 10 per cent of the new firms created.

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