India will have 122 new unicorns in 4 years: Hurun Research report

India will have 122 new unicorns–startups valued each at more than $1 billion–in the next two to four years, according to the ASK Private Wealth Hurun India Future Unicorn Index 2022.

Hurun Research Institute’s ranking considers Indian start-ups founded in the 2000s, valued at least $200 million, and not yet listed on a public exchange. The index has classified companies as would-be unicorns (those founded after 2000 and valued at least $1 billion), gazelles (those most likely to become unicorns in two years), and cheetahs (start-ups that could go unicorn in four years).

“In just one year, the number of unicorns has increased by 65 per cent, the number of Gazelles has increased by 59 per cent to 51,