India is now producing unicorns more quickly than China.
In the last 20 months, India’s startup ecosystem has produced 60 percent of the 105 unicorns. “The State of the Indian Startup Ecosystem Report 2022,” India will have 250 unicorns by 2025, second only to the US. Indian unicorns have raised $93 billion in capital over the past 20 years, valued at a total of $341 billion.
India now has 105 unicorns, and during the next three years, that number is anticipated to rise by 140%. India will have 250 unicorns by 2025, second only to the US, which has 618 unicorns as of this writing, predicts Inc42’s upcoming “The State of the Indian Startup Ecosystem Report 2022″.
According to the figures, India is presently outpacing every other country in the world in terms of unicorn production, edging over China, which has 174 unicorns, to take the top place. Israel is closely behind India with 96 unicorns and is quickly reaching the three-figure mark.