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Trends and Insights

16 Nov 2023

India Is Now the Third Largest Producer of Unicorns Globally

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Despite a global slowdown in unicorn births in 2022, India accounted for 6.7% of new global unicorns, making it the third largest producer following the US and China. This reflects the long-term business opportunities in the country. Over the past four years, India's contribution to new unicorns has been increasing significantly. [Source](