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India has 83 unicorns, 51 gazelles, 96 cheetahs: Hurun India Future Unicorn List 2023

Business Today · 1y

India currently has 83 unicorns, 51 gazelles, and 96 cheetahs, according to the Hurun India Future Unicorn List 2023. This report solidifies India's position as a global hub for the startup ecosystem, ranking third worldwide. The rise of Indian unicorns highlights the country's potential for wealth creation. The list features 84 startup founders with a cumulative wealth of INR 4.23 crore, and Bengaluru is the leading city with 53 unicorns. However, recent policies like retrospective GST imposition on gaming companies and angel tax might hinder long-term wealth generation.