India Ranks Third in Startup in the World

On an average, India has reached the third position in the number of startups that have become successful unicorns in the last 7 years.

In terms of the startup ecosystem, India has emerged as the third country after China and the US. Where there is a good environment for successful startups, according to the complete Hurun Global Unicorn List 2019, India is ahead of Israel and Britain in terms of a successful startup.

startup in the world

Hurun Global Unicorn List 2019


According to Hurun Research, a total of 494 unicorn startups are operating in 118 cities across 25 countries. On average, they have launched 7 years ago and their total valuation is $ 1.7 trillion, on average the valuation of a unicorn is around 24000 crores. According to Hurun, India is third in this list after China and America. There are 206 unicorns operating in China and 203 in the US. It is a start from, which started after 2000 and has changed to become a unicorn without being listed on app change. That is startups with a value of $ 1 or more.

startup in the world
Source Hurun Reports


The business ecosystem of the respective country has a big hand in the success of any startup, in a country like India, the ecosystem of the startup is said to be better. As a result, startups are flourishing rapidly, according to a recently released list, there are 21 in India that have got unicorn status, which started in the last 7 years.

Also Read: Cost-cutting Will be Beneficial for Startup in 2020

On average, young companies aged 7 showed off

Hurun Report Chairman and Chief Research said, "These young companies, on average, are only 7 years old. The most exciting start in the world is providing technology leadership to a new generation off the list." As a field, Silicon Valley dominates startups. The index states that e-commerce and Fintech have 31% of startup units in the world, followed by Cloud and Artificial Intelligence. China has overtaken the US with 206 startups where 203 are three starts. By the way, both countries together account for 68% of the startups worldwide. Similarly, in Europe, there are 35 such startups that started in the last 7 years and have now become like a unicorn. Beijing is at the forefront of cities.

 


Startup in India

The business ecosystem of the respective country has a big hand in the success of any startup, in a country like India, the ecosystem of the startup is said to be better. As a result, startups are flourishing rapidly, according to a recently released list, there are 21 in India that have got unicorn status, which started in the last 7 years.

These include the main payment solution one97 communication ($ 10 billion) aggregator Ola Cabs and online learning Byjus (6 billion-dollar) and Travel Finder Oyo Rooms with a valuation of around $ 5 billion. India is ahead of Israel in these matters.

Problem-solving should be the main objective for startup

A startup is a startup or startup company is a project that an entrepreneur undertakes to effectively develop and validate a scalable business model. Hence the concept of startup and entrepreneurship is almost the same. Many entrepreneurs and famous businessmen define startups as a culture that carries with them the mindset of building a business on an innovative idea to solve important problems. In such a situation, business is an important part of them along with problem suggestions.


India's large youth population is getting support in the startup

In April this year, the UN's ECOSOC Youth Forum, a youth representative of India 'Seema Pujani' said in a roundtable session of "Looking to the Future: Dialogue typhoon High-Level Political Forum Summit" Great stories are being created and this is the best environment for the startup's ecosystem. The average age of the founders of the startup is just 31 years. They claimed that new collaborations are being created between the government, companies, and academia in the country which is important for achieving the goals of sustainable development. Although Haron's the report confirms this environment, it has also been said that if the the regulatory and business environment is improved, India can move faster.

Read More: Startup India: All you Need to Know (The Last 5 years)

India Ranks Third in Startup in the World India Ranks Third in Startup in the World Reviewed by Ajay on November 22, 2019 Rating: 5

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