US-6, China-3, India-1...; Mukesh Ambani and Isha Ambani raising India's global status in this list, its related to...
India has emerged as a hub of successful startups over the past decade many of whom have become unicorns– a private firm whose market valuation is $1 billion or more. As per a global list by Crunchbase, the United States has the most unicorn companies at 793, followed by China (284), and India with 88 companies with a valuation of $1 billion or more.
The US also dominates the list of top 10 largest unicorns with as many as six companies, followed by China at three, while the solo Indian company to be ranked among the top 10 is Reliance Retail– the retail arm of Mukesh Ambani-led Reliance Industries, headed by his daughter, Isha Ambani. Which country has the highest number of unicorns?
As per the Crunchbase list, there are 793 unicorns in the US, followed by 284 in China, 88 in India, and 40 each in the United Kingdom and Germany– the largest economy in Europe. Check out the complete list below: USA: 793 China: 284 India: 88 UK: 64 Germany: 40 France: 30 Canada: 30 Singapore: 22 Israel: 22 South Korea: 21 Brazil: 20 Japan: 16 Hong Kong: 12 Australia: 12 Mexico: 10 Ireland: 10 Indonesia: 10 Switzerland: 9 Netherlands: 9 Sweden: 8 Who are the top 10 largest unicorns globally?
According to Crunchbase, Elon Musk-led SpaceX is the world's largest unicorn with a market cap of $350 billion. ChatGPT maker OpenAI is ranked second with an mcap of $300 billion, followed by TikTok parent Bytedance at three with a valuation of $220 billion, and China's Antgroup at four ($150 billion mcap).
Reliance Retail, which is led by Isha Ambani– the daughter of Asia's richest man, Mukesh Ambani– is the only Indian unicorn among the top 10, coming at number five with a valuation of $100 billion. Here's the complete list: SpaceX: $350 billion OpenAI: $300 billion ByteDance: $220 billion Ant Group: $150 billion Reliance Retail: $100 billion xAI: $70 billion Shein: $66 billion Stripe: $65 billion Databricks: $62 billion Anthropic: $62 billion About Reliance Retail
Reliance Retail, India's largest retailer, is run by Isha Ambani, the only daughter of Asia's richest man Mukesh Ambani. The retail arm of Mukesh Ambani-led Reliance Industries is a partner brand of major international brands such as Versace, Amiri, Armani, and Balenciaga, bringing reputed international brands, into the Indian market.
Under Isha's leadership, Reliance Retail, which has an estimated value of around Rs 8.3 lakh crores, has witnessed exponential growth in a short period of time, opening 3,300 stores across the country in 2023.
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The Hindu
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