Paytm, Ola Cabs, BYJU’s, OYO enable India to earn 3rd position in Global Unicorn List: Report

Paytm, Ola Cabs, BYJU’s, OYO enable India to earn 3rd position in Global Unicorn List: Report

  • Startups such as One97 Communications‘ Paytm, Ola Cabs, Byju’s and Oyo have emerged as the top unicorn platforms in India after the Hurun Global Unicorn List 2019 revealed that the Asian giant has earned its place as the third largest startup ecosystem with 21 unicorns, reported ET.
  • The notable development comes at a time when the Indian economic health is experiencing a constant decline and the major sectors such as automobile, agriculture are deteriorating at an unprecedented pace.
  • India can catch up with top two nations, only if the regulatory and business environment are poised to capture the demographic dividend, said Anas Rahman Junaid, Chief Researcher, Hurun Global Rich List.

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