Unicorn count may rise to 152 in 5 years with valuation over $1 billion

India is expected to add at least 152 unicorns, a startup with valuation of over $1 billion, from 31 cities over the next 3-5 years to its current tally of 67 unicorns, showed the ASK Private Wealth Hurun India Future Unicorn Index 2024.

The year has seen an increase in drop-offs from the future unicorn list, with a total of 25 start-ups dropping off, while 12 companies were downgraded from gazelle to cheetah and 10 transitioned from cheetah to gazelle.