Unicorns of tomorrow: Zilingo, Mobile Premier League, Rebel Foods are top 3

The Hurun India Future Unicorn List 2021 ranks Indian start-ups founded in the 2000s, worth at least $200 million, not yet listed on a public exchange, most likely to “go unicorn” within two years (gazelles) or four years (cheetahs). The cut-off date was August 31, 2021.


  • India is home to 51 unicorns, up by 25 in 2021, 32 ‘gazelles’ (start-ups with a valuation of $500 mn to $1 bn) 54 ‘cheetahs’ (valuation of $200-$500 mn)

  • Top investors in ‘gazelles’ ‘cheetahs’ are Sequoia Tiger Global, with 37 18 investments, respectively

  • 11 co-founders are under the age of 30 15 above the age of 50

  • Online retail store Zilingo is the most valuable ‘gazelle’ online furniture platform Pepperfry is the most valuable ‘cheetah’

  • E-commerce, FinTech SaaS comprise 49% of the Hurun list

  • India’s unicorns are now worth $168 bn

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First Published: Fri, September 03 2021. 01:45 IST

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