<p>Conventional Unicorn lists show 30-35 names in India, but Credit Suisse's research report reveals that the nation has 100 unicorn companies with a combined market capitalisation of $240 billion.</p>.<p>About two-thirds of these unicorns, companies with a valuation of over $1 billion, have been established after 2005 due to an influx of favourable infrastructure, funding, and regulations.</p>.<p>"An unprecedented pace of new-company formation and innovation in a variety of sectors has meant a surge in the number of highly valued, as yet unlisted companies," the report said.</p>.<p>The report titled '100 Unicorns: India's changing corporate landscape' claims to have covered companies beyond the normal technology or technology-enabled sectors. It also includes unicorns in non-banking finance, biotech, pharma and consumer goods companies. It even studied infrastructure companies like new ports or renewable energy companies.</p>.<p>Some of the unicorns featuring in the list include Wonder Cement, Manipal Hospitals, Joyalukkas, Kurl-On, Serum Institute of India, Piramal Glass and PolicyBazaar Insurance.</p>.<p>The reasons for an explosion of unicorns in India, according to the report, are inflow of funding, expansion of the internet, penetration of mobile phones and highly-skilled human resources. </p>.<p>The highest growth and capita is expectedly in the booming FinTech companies and education technology companies like Byju's that grew exponentially during the Covid-19 lockdown.</p>.<p>The report highlighted non-conventional sectors like software-as-a-service (SaaS), gaming and logistics, where growth has been registered. "These are only at the top of a fast-growing pyramid of 80,000 startups in India, which are incrementally now nearly 10% of new companies formed every year; the number of firms is up 70% in 8 years," the report said.</p>.<p>Most of these startups are concentrated in tier-I cities like Bengaluru, Mumbai, Delhi, the National Capital Region (NCR), Hyderabad, Pune and Chennai.</p>
<p>Conventional Unicorn lists show 30-35 names in India, but Credit Suisse's research report reveals that the nation has 100 unicorn companies with a combined market capitalisation of $240 billion.</p>.<p>About two-thirds of these unicorns, companies with a valuation of over $1 billion, have been established after 2005 due to an influx of favourable infrastructure, funding, and regulations.</p>.<p>"An unprecedented pace of new-company formation and innovation in a variety of sectors has meant a surge in the number of highly valued, as yet unlisted companies," the report said.</p>.<p>The report titled '100 Unicorns: India's changing corporate landscape' claims to have covered companies beyond the normal technology or technology-enabled sectors. It also includes unicorns in non-banking finance, biotech, pharma and consumer goods companies. It even studied infrastructure companies like new ports or renewable energy companies.</p>.<p>Some of the unicorns featuring in the list include Wonder Cement, Manipal Hospitals, Joyalukkas, Kurl-On, Serum Institute of India, Piramal Glass and PolicyBazaar Insurance.</p>.<p>The reasons for an explosion of unicorns in India, according to the report, are inflow of funding, expansion of the internet, penetration of mobile phones and highly-skilled human resources. </p>.<p>The highest growth and capita is expectedly in the booming FinTech companies and education technology companies like Byju's that grew exponentially during the Covid-19 lockdown.</p>.<p>The report highlighted non-conventional sectors like software-as-a-service (SaaS), gaming and logistics, where growth has been registered. "These are only at the top of a fast-growing pyramid of 80,000 startups in India, which are incrementally now nearly 10% of new companies formed every year; the number of firms is up 70% in 8 years," the report said.</p>.<p>Most of these startups are concentrated in tier-I cities like Bengaluru, Mumbai, Delhi, the National Capital Region (NCR), Hyderabad, Pune and Chennai.</p>