India has 115 unicorns with a total valuation of more than $350 billion.
Aside from the funding winter, India surpassed the United Kingdom to become the world’s third-largest start-up economy in 2022. During the year, it created 24 new unicorns and attracted $25 billion in venture financing.
India surpassed the 100-unicorn mark in 2022, becoming the world’s third-largest start-up economy.