According to Hurun Research Institute's ASK Private Wealth Hurun India Future Unicorn Index 2024, 25 Future Unicorn Dropped Out.

Index

As many as 25 prospective unicorns have been shunted out of a coveted list of start-ups — afflicted by a funds squeeze, regulatory actions and insistence on profitability by funders. The ASK Private Wealth Hurun Indian Future Unicorn Index for 2024 listed 67 unicorns, 46 gazelles — who could turn unicorns in three years — and 106 cheetahs (unicorns in five years). In the 2023 index, there were 68 unicorns, 51 gazelles and 96 cheetahs. Unicorns are start-ups with valuation of $1 billion. Saluja observed that venture capital funds are holding on to cash on account of lack of sufficient opportunities, and that only 35-40 per cent of committed amounts are being utilised for investments by funds.


      Among the start-ups that dropped out included CogoPort, NeoGrowth, Simple Energy, Gaana, Koo, Rapido, Dunzo, Paper Boat and Practo.

     

     

 

     


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Chairman - Rupert Hoogewerf
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