India Becomes World's Third Largest Startup Ecosystem

India has emerged as the third largest startup ecosystem in the world after the US and China and the pace of growth is not showing any signs of slowing down. The US tops the record with 396 unicorns, whereas China is on the second spot with 277, confirmed information from Hurun Analysis Institute. In the venture capital industry, the term unicorn refers to any startup that reaches the valuation of $1 billion. India’s unicorns are at the moment value $168 billion, greater than the GDP of Telangana at present costs.With 31 start-ups, Bengaluru is the start-up capital of India adopted by Delhi NCR (18) and Mumbai (13). Bengaluru is the house to 11 gazelles and 20 cheetahs, with a cumulative valuation of $12.4 billion. The highest three cities headquarter 68% of those firms.