The ASK Private Wealth Hurun India Future Unicorn Index 2024 has revealed significant insights into the Indian startup ecosystem. This year, India has seen 67 unicorns, 46 gazelles, and 106 cheetahs, showcasing a dynamic landscape of emerging companies. The report highlights that there are 38 new entrants in the index, including 7 Gazelles and 31 Cheetahs, indicating a positive trend in the startup space. The most active investors in the future unicorns are Peak XV partners and Accel, with notable stakes in potential unicorns. The worth of India’s future unicorns has seen a 1.8% increase compared to the previous year, reaching an impressive $58 billion. The report also mentions the noteworthy promotions of companies like Ixigo, Zepto, Porter, and Incred Finance to unicorn status. Anas Rahman Junaid, MD and Chief Researcher at Hurun India, expressed optimism about the future prospects of Indian startups, emphasizing the resilience and adaptability of the ecosystem. The index also highlights the diverse sectors contributing to the growth of future unicorns, including SpaceTech, Artificial Intelligence, and EV/Renewable Energy. Overall, the Indian startup ecosystem continues to evolve, with a focus on profitability and sustainable models, fostering innovation and growth.
