Indian origin entrepreneurs: On 31st March 2020, human research institute released the report of 586 unicorns across the globe.
The tech startups that are founded in the year 2000s, have reached billion-dollar valuation and didn’t list the company as public exchange.
Companies don’t list them as a public exchange to maintain consistency in valuation. This is the second year of this list that featured these successful startups.
The 586 unicorns are in 29 countries, spread in 145 cities. The platform is filled with companies that sell software, with a minority of those who do the business of physical products. All unicorns combined are worth $1.8 trillion which is the GDP of Italy.
US and China are the top countries with 233 and 227 unicorns. India was ranked fourth with 21 unicorns worth $73.2 billion. The third rank is achieved by the UK with 24 unicorns. Also, 40 unicorns were found outside India co-founded by Indian worth $99.6 billion which will be a huge inspiration for young entrepreneurs.
Paytm Noida-based fintech company valued at $16 billion ranked top in our country followed by Oyo (Gurgaon based) and byju’s (ed-tech platform, Bengaluru based). Both of them are valued at around $8 billion.
Fintech is co-founded by Baiju Bhatt is the most valued company with Indian-origin entrepreneurs abroad. 36 unicorns have been founded by an Indian origin graduate from IIT, many from IIT Delhi.
Nitin Kamath and Nikhil Kamath boosted Zerodha, India’s top stalk exchange platform which offers retail and institutional brokerage.
The platform has 9 lakh plus users. Unicorn companies founded by Indian origin entrepreneurs are Robinhood, Instacart, Roivant sciences, Automation anywhere, samsara networks, ginkgo bio works, Freshworks, Oaknorth, Rubrik, Netskope, Confluent, Improbable, sSrinklr, Carta, Nextdoor, udemy, Zenefits, Thoughtspot, Postman, Rig up, Scopely, Quantumscape, Poshmark, Headspin, Omio, Icertis, Chargepoint, Treseta, Highradius, Classpass, Knotel, Moneylion, Pendo, farmers network, Clover health, Instabase, Cohesity, Druva, o9 solutions, and Actifio.
Rupert Hoogewerf, Hurun Report Chairman and Chief Researcher, said that Sunder Pichai and Satya Nadella should be an inspiration for young Indians who plan to be successful entrepreneurs.
Anas Rahman Junaid, Hurun Report India MD and Chief Researcher, support PM Modi’s “Aatmanirbhar Bharat” movement. The movement is sped up after the border clash between India and China.
This clash left 20 Indian soldiers dead and no information is received about the Chinese soldiers. Hoogewarf also made remarks on efforts by SpaceX to land 2 astronauts on the international space station, also mentioned Bytedance.
Bytedance the parent company of TikTok is in talks about a deal with Microsoft. This happened after the government of India and the US imposed a ban on short video creation applications.
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No unicorns have been listed from the countries of Russia, Italy, Mexico or Holland. 9 out Top 10 unicorn cities are either found in China or the US. The only exception is London.