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

According to the ASK Private Wealth Hurun India Future Unicorn Index 2024, India is poised to witness the addition of at least 152 new unicorns (startups valued over $1 billion) from 31 cities over the next 3-5 years. This growth would expand the current count of 67 unicorns. Throughout the year, there has been notable activity in the future unicorn list, with 25 startups dropping off. Additionally, 12 companies were downgraded from gazelle status to cheetah, while 10 moved up from cheetah to gazelle.