Now India has become the path of innovation. | India's top unicorns.

 

Now India has become the path of innovation:

 

If you want to know the progress of a country, then, first of all, you should see the number of rich people in that country. If the number of rich people is continuously increasing, then it is clear that that country is on the path of innovation and the time of that country is about to change. Today India is seen coming in this category.

 

Many such startups in our country have achieved a position today and some are moving forward in this path, those who have achieved the position are today called Unicorns. On these, the list of Hurun Global Unicorn Index 2023 has been released, according to which EdTech startup Byju's, food tech startup swiggy, and gaming firm Dream11 are among India's top unicorns.

 

According to this list released on Tuesday, India ranks third in terms of the number of unicorns in the world and only America and China are present before India. According to Hurun, the list reveals that there are a total of 138 unicorns in India, out of which 70 were started by the co-founder of Unicorn . Although the headquarters of these unicorns are present outside India.

 

Out of the total Indian startups, there are 68 whose headquarters are present in India. And if you are not able to understand what we mean by a unicorn and how these companies like Byju's, Swiggy and Dream11 can be called the top unicorns of the country. So let's understand. First of all, let us explain to you in simple language what we mean by a unicorn.

 

Understand in simple words, if a private company whose market value crosses $ 1 billion, then that company joins the unicorn list. A unicorn is created by a startup company. In this, a company is started by some people and gradually that company grows and its value also increases.

 

As far as the top unicorns are concerned, as mentioned in the beginning, Byju's, Swiggy, and Dream11 are the top three names despite their valuations being around $22 billion. And let us tell you that despite this, not only India has been included in the top 10 unicorn startups of the world because Byju had already gained a lot of fame before Covid-19. 

Their business used to go well only  Covid-19 period. On the other hand, if we talk about Swiggy, then its market value is about $ 8 billion and similarly, Dream11 also has a market value. Around $8 billion. It has topped the list of unicorns. That is, it has gone much further than the value of $ 1 billion. 

Let us tell you that startups from all over the world get a place in Hurun Global Unicorn. India is slowly making its place in these. The Hurun Global 500 report says that China and India are also expected to move further up the rankings in the next five years. 

That is, the number of wealthy people will increase, but the ones that are already included in it, that is, France, Canada, and Australia, are losing their place, because the pace of setting up startups here has slowed down. By the way, do you know who has the biggest contribution to making this startup a unicorn? 

This is true to some extent, but startups play the biggest role in making them unicorns. It becomes necessary to know who those people are or which are companies work to fuel a startup and take them to this point. As such, there may be many people or companies that you may not know or may never know. 

But some of these are very big names that are involved all over the world. Today it is necessary to talk about them too, like Sequoia Capital. This company has so far invested in about 238 unicorn startups. Similarly, Tiger Global Management has also invested in around 179 unicorn startups and after all, the name SoftBank Group must have seen it in recent times.

 

While investing in OYO Rooms as well, SoftBank also comes on this fund and it has invested in 168 unicorn startups, so these are the three big names. Those who invest heavily in the world, inside startups, and help create unicorns. Apart from these three, if we talk, then the names of many other big investors are included in this list.

Partners like Goldman Sachs, Viacom, Accel, Tencent, and Lightspeed Ventures can be named. But this is included in the big names and it is expected that these are China and America, India will be ahead of them very soon, and the people of our country. He will be at the top in terms of startups.