India ranks 3rd in Hurun’s Global Unicorn Index 2024

Current Context: The Hurun Global Unicorn Index 2024, released by the Hurun Research Institute on April 9, 2024, ranks start-ups founded in the 2000s, worth at least a billion dollars, and not yet listed on a public exchange.

• The United States leads the list with 703 unicorns, accounting for 48% of the total unicorns in the world.
• India is ranked 3rd with 67 unicorns, down by 1 from the previous year.
• Despite the decline, India has emerged as a significant contributor to offshore unicorns, co-founding 109 unicorns outside the country.
• The index also reveals that one new unicorn was minted every two days, with the USA leading with 70, followed by China with 56, and the ‘Rest of the World’ with 45.

Question:

Q.1 What is India’s rank in the Hurun Global Unicorn Index 2024?
a. 1st
b. 2nd
c. 3rd
d. 4th