Hurun Report: Only Three Startups May Be Unicorns This Year, Find Out Why

Hurun Research Report: The number of unicorn startups in India has dwindled. According to Hurun Research, rising interest rates and global uncertainty are the reasons. 2023 saw slow pace of startup companies becoming unicorns in India. During this period, the number of startups that became a company with a turnover of one billion dollars has decreased rapidly. According to a report on the Indian startup landscape, in 2023, only three startups managed to join the unicorn category, compared to 24 a year ago. Startups valued at more than $1 billion are called unicorns.