US-6, China-3, India-1...; Mukesh Ambani and Isha Ambani raising India's global status in this list, its related to...
India has emerged as a hub of successful startups over the past decade many of whom have become unicorns– a private firm whose market valuation is $1 billion or more. As per a global list by Crunchbase, the United States has the most unicorn companies at 793, followed by China (284), and India with 88 companies with a valuation of $1 billion or more.
The US also dominates the list of top 10 largest unicorns with as many as six companies, followed by China at three, while the solo Indian company to be ranked among the top 10 is Reliance Retail– the retail arm of Mukesh Ambani-led Reliance Industries, headed by his daughter, Isha Ambani. Which country has the highest number of unicorns?
As per the Crunchbase list, there are 793 unicorns in the US, followed by 284 in China, 88 in India, and 40 each in the United Kingdom and Germany– the largest economy in Europe. Check out the complete list below: USA: 793 China: 284 India: 88 UK: 64 Germany: 40 France: 30 Canada: 30 Singapore: 22 Israel: 22 South Korea: 21 Brazil: 20 Japan: 16 Hong Kong: 12 Australia: 12 Mexico: 10 Ireland: 10 Indonesia: 10 Switzerland: 9 Netherlands: 9 Sweden: 8 Who are the top 10 largest unicorns globally?
According to Crunchbase, Elon Musk-led SpaceX is the world's largest unicorn with a market cap of $350 billion. ChatGPT maker OpenAI is ranked second with an mcap of $300 billion, followed by TikTok parent Bytedance at three with a valuation of $220 billion, and China's Antgroup at four ($150 billion mcap).
Reliance Retail, which is led by Isha Ambani– the daughter of Asia's richest man, Mukesh Ambani– is the only Indian unicorn among the top 10, coming at number five with a valuation of $100 billion. Here's the complete list: SpaceX: $350 billion OpenAI: $300 billion ByteDance: $220 billion Ant Group: $150 billion Reliance Retail: $100 billion xAI: $70 billion Shein: $66 billion Stripe: $65 billion Databricks: $62 billion Anthropic: $62 billion About Reliance Retail
Reliance Retail, India's largest retailer, is run by Isha Ambani, the only daughter of Asia's richest man Mukesh Ambani. The retail arm of Mukesh Ambani-led Reliance Industries is a partner brand of major international brands such as Versace, Amiri, Armani, and Balenciaga, bringing reputed international brands, into the Indian market.
Under Isha's leadership, Reliance Retail, which has an estimated value of around Rs 8.3 lakh crores, has witnessed exponential growth in a short period of time, opening 3,300 stores across the country in 2023.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
15 minutes ago
- Indian Express
Amid objections, Standing Committee sends back Bawana waste-to-energy plant proposal for amendments
Even as the Union Environment Ministry gave an environmental clearance (EC) to a proposed Waste-to-Energy Plant (WTE) in Bawana last month, the proposal to set up the plant in Narela has been sent back to the Department of Environment Management Services (DEMS) of the Municipal Corporation of Delhi (MCD) on Wednesday for a revisit. The decision was taken at the Standing Committee meeting on Wednesday amid staunch opposition against the project from the local residents. Following the decision by the Standing Committee at its second meeting since it was recently constituted, the item will be listed again for reconsideration after the DEMS makes amendments to the proposal, said officials. An official of the Delhi Environment department said, 'The MCD is authorised to take such an action. The role of our department is to grant NOCs.' The Centre's clearance to the project came on June 20 and was made public by the Delhi Pollution Control Committee earlier this month. The EC was granted based on standard and specific conditions applicable to thermal power projects, including compliance with the Environment Impact Assessment Notification, 2006. The 15-acre plot where the proposed plant is to be developed was allotted by the civic body in February under a concession agreement, the Environment Clearance report stated. The 30-megawatt plant is to be developed under a public-private partnership with Jindal Urban Waste Management (Bawana) Limited in Sector 5 of the Bawana Industrial Area. However, residents have been protesting against the waste-to-energy plant facility to be set up at a cost of Rs 660 crore. They have expressed concerns over worsening of air quality, health risks, and handling of waste. But in the EC report in response to the concerns raised, the firm stated that an 'Ambient Air Quality Monitoring System will be installed in the plant to track pollution levels and ensure compliance with environmental regulations…' This is the fifth plant that is set to come up in the city. There are four other WTE plants in the city — Okhla, Ghazipur, Tehkhand and Narela. Meanwhile, the Standing Committee also passed a proposal for the collection and transportation of municipal solid waste under the Central Zone at the meeting. According to the proposal, the civic body has decided to prepare a fresh tender document for a short period of six months, till the main tender is finalised. The Committee has also cleared a proposal to set up a dung processing plant at the Ghazipur slaughterhouse. Chairperson Satya Sharma passed the proposal 'One Road – One Day.' 'Under the plan, one major road in each zone of the MCD will undergo a complete makeover every day. This will include road repair, cleaning and improvement of footpaths, repair of signage, restoration of streetlights, removal of illegal encroachments, pruning of trees, and beautification efforts,' Sharma said. An automated multilevel puzzle parking facility will be constructed at Bharat Darshan Park (Punjabi Bagh). Sharma also said that no meat shops will be operated within a 100-meter radius of schools and religious places. Shops running illegally or without valid licences will be sealed with immediate effect, he said. The members raised issues of waterlogging in the Capital, as well as cases of rising dog bites.
The Hindu
15 minutes ago
- The Hindu
Tripura CM claims incumbent BJP-led coalition government provided nearly 20,000 regular jobs
Tripura Chief Minister Dr Manik Saha informed that the incumbent BJP-led coalition government has provided nearly 20,000 jobs in various departments in the past seven years. He claimed that about 10,000 jobs were also distributed on a contractual basis. The Chief Minister made the statement during a programme to distribute employment letters to 184 junior engineers here on Wednesday (July 16, 2025). The diploma holder junior engineers were recruited to the PWD. 'Our government has provided 19,742 regular jobs including the die-in-harness category in the last seven years. We are prioritising quality government services and employment', Dr Saha stated. He said there are various opportunities available in the state with the establishment of general, technical and forensic universities. Skill-oriented, nursing and other job-oriented courses are also available. He advised youths to take advantage of entrepreneurship engagements and not to wait only for government jobs. The central government has also been allocating scopes for job-oriented schemes in the region. Earlier on Tuesday, the state council of ministers passed a resolution to recruit 915 regular PG teachers and six medical (Dental) officers.
Economic Times
15 minutes ago
- Economic Times
Stock Radar: Igarashi Motors showing signs of momentum after 30% drop from highs; time to buy?
Igarashi Motors Ltd, part of the auto component space, gave a breakout from an Ascending Triangle pattern on the daily charts which has opened room for the stock to head traders with a high-risk profile can look to buy the stock for a target of Rs 650 and beyond in the next 1-2 months, suggest expertsThe auto component maker hit a high of Rs 848 on December 3, 2024, but it failed to hold the momentum. It closed at Rs 595 on
