India is currently a residence for 51 unicorns, with a record-breaking three unicorns added to the list each month throughout the span of the year, according to the Hurun Research Institute. Unicorns for context are privately held companies with a $1 billion valuation that were founded after the year 2000.
The Hurun Research Institute published the Hurun India Future Unicorn List 2021 this week, a ranking of India’s startups founded in the 2000s that have not yet been listed on a public exchange. According to the report, such firms are most likely to become a unicorn within two years (Gazelles) or four years (Cheetahs) if their valuation is at least $200 million. A startup must have a valuation of Rs. 1500 crore (~$200 million) in order to be considered for inclusion in the Hurun Unicorn list.
The Hurun report also mentioned the top 10 future unicorns of 2021, and they originate from a wide range of industries, including e-commerce, travel,…