India has ranked the third-largest startup ecosystem in the world after the US and China, according to a report by The Hurun Research Institute.
The US leads the global list with 396 unicorns, adding 30 last year and making up 79% of the world’s unicorns. Followed by China with 227 unicorns adding 27.
India ranked in third place with 51 unicorns adding 3 every month while The UK and Germany came in third and fourth with 32 and 18 unicorns respectively.
(Source: Hurun Research Institute)
The total global value of all unicorns in the world reached $1.9 trillion.
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