Six Indian companies were included in the World’s Top 100 Unicorns list recently released by Hurun. India has retained the third position in the index with 68 unicorns this year. These include payments and banking platform Razorpay, edtech startup Byju’s, foodtech platform Swiggy and fantasy gaming company Dream11.
According to Hurun’s report, America has the highest number of unicorns, followed by China. Social media firm ByteDance topped the unicorn list with a net worth of $200 billion, followed by Elon Musk’s SpaceX and Ant Group. E-commerce website Shein and fintech platform Stripe round out the top five.
India’s highest-ranked unicorn Byju’s is at number 14, followed by gaming platform Dream11 and popular on-demand delivery site Swiggy at number 84 – both valued at $8 billion. SaaS company Netskope, rideshare app Ola and fintech firm Razorpay are jointly ranked at 94.
There are also a number of unicorns founded by Indians outside the country – Instacart leading the list in terms of ranking and valuation.
“We are thrilled and humbled to be recognized as one of the six Indian startups listed among the top 100 unicorns in the world. This is not only a joyous moment for our Razors, our customers and industry partners, but also serves as a testimony to the immense potential of India’s financial sector, showcasing our nation’s capabilities,” CEO Harshil Mathur said.
Razorpay is a full-stack financial services company helping Indian businesses with comprehensive and innovative solutions built on robust technology to address the entire length and breadth of the payments and banking journey for any business. Established in 2014, the company now provides technology payment solutions to over 10 million businesses.
(with inputs from agencies)
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