Capsule · The news app for modern leaders

Trends and Insights

Download
16 Nov 2023

India Is Now the Third Largest Producer of Unicorns Globally

content from a screenshot

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](https://www.cbinsights.com/reports/CB-Insights_Tech-Trends-2023.pdf?)