India ranks third with 72 unicorn companies, with a total valuation of $195.75 billion. The country’s unicorns make a substantial 5 per cent contribution to the total global unicorn valuation, according to research by Journalistic Org
.
The first Indian company to make an appearance in global rankings is BYJU’s, which stands at 36th place with a valuation of $11.50 billion.
Despite a lower average valuation per unicorn at $2.72 billion compared to some counterparts, India’s unicorns make a substantial 5 per cent contribution to the total global unicorn valuation.
This places India in league with the UK, emphasising its significance in the international start-up arena. China has the second-highest number of unicorn companies, with a combined valuation of $641.67 billion, accounting for 17 per cent of the total valuation of all unicorn companies in China. ByteDance - the parent company of TikTok - is the highest-valued company in China, and is valued at over $225 billion.
The US has the highest number of unicorn companies worldwide with an impressive 668 - over three times more than China in second place (172). Unicorn companies in the US have a combined valuation of over $2 trillion, accounting for over half (54 per cent) of the total valuation of unicorn companies, the report notes.
Leading sectors :
The research commissioned by FOREX.com also reveals that the enterprise tech industry dominates unicorn companies, boasting a total of 377 with a combined valuation of just over $1 trillion. Enterprise tech is projected to remain in its position as a leading industry, surpassing growth and total valuation projections by 2027.
Within the financial services sector, 216 companies boast a combined valuation of $706 billion. Despite having the same number of unicorn companies, those in the financial services industry have a 10 per cent higher total valuation than the consumer and retail industry. The consumer and retail industry ranks third (216), with a collective valuation of over $631 billion, according to the report...
Source : The Hindu Businessline