According to the Hurun Global Unicorn Index 2024, the pace of unicorn startups in India has slowed down after 2017. This report describes India as the third largest unicorn center in the world.

• India in 2023 had 67 unicorns, which is one less than 68 such startups last year, according to the latest Hurun Global Unicorn Index.
• The US led the list with 703 unicorns, up 37 from 2022, and China woth 340 unicorns. UK and EU ranked No 4 and No 5 in the list, respectively.
• The total value of the world's unicorns have reached US$5 trillion, equivalent to last year's GDP of Japan. 
• The report, however, noted that India produced more offshore unicorns than any other country, co-founding 109 unicorns outside of India compared to 67 in India.