The latest report, carried out by CB Insights that identifies companies with valuation higher than $1 billion, has placed India on the fourth position globally in terms of the number of ‘unicorns’ present in the country. While, the US has aggressively occupied the top spot in the chart, China has managed be on the second place, followed by UK on the third position, respectively.
The report further says that India has a decent number of unicorns compared to the global markets. Hence, there are expectations that many more startups with valuations below $1 billion are expected to join this list in the current year.
Importantly, Delhivery and BigBasket are the two startups that joined the Unicorn list in 2019.
The top valued unicorn in India, as per CB Insights data is Paytm with a valuation of $10 billion, followed by Snapdeal at $7 billion, and Ola which stands at $6.2 billion. The top notch startups among the unicorns in India is Oyo Rooms, valued at $4.3 billion.
According to CB Insights, the 361 unicorns are worth over $1.1 trillion and have raised a combined total of nearly $275 billion. Last year, 120 new companies joined the global unicorn club, a 67 per cent increase from the 71 new unicorns in 2017.
Apart from the shining Indian unicorns, world’s most valuable private company is China’s Bytedance with a valuation of $75 billion following an investment by SoftBank in November 2018.
Whereas, the co-working giant WeWork is valued at $47 billion and accommodation marketplace Airbnb at $29 billion.