India Now Third-Largest Home for 'Unicorns'

Adding 33 “unicorns” in a single year has helped India displace the UK to be third in the list of countries that are home to such enterprises, valued at over $1 billion each, the Deccan Herald reported.

India was placed fourth when it comes to the number of ‘unicorns’ last year. However, the US and China, who occupy the first two ranks, are way ahead, according to data compiled by the Hurun Research Institute.

Read the full report: Deccan Herald.

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.