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India Produced More Unicorns Than China This Year: BL

China, however, has the second-highest number of unicorns overall at 177, which is more than twice of India’s total of 72.

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Paytm
A file photo of India’s most valuable fintech startup. Paytm posted 5.36 billion rupees loss in the December quarter a year earlier. Photo: Paytm

 

India has produced 33 unicorns – companies with a valuation above $1 billion – this year against China’s 19, a Business Line report based on data from analytics firm Tracxn said.

India also beat China in the annual unicorn count last year, when it produced 17 unicorns against China’s 16.

China, however, has the second-highest number of unicorns in the world at 177, which is more than twice of India’s total of 72, the report added.

Read the full story: The Hindu Business Line

 

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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