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India is the fourth in the world in creating unicorn start-ups: CREDAI & CBRE report

India is the fourth in the world in creating unicorn start-ups: CREDAI & CBRE report

According to a joint report by Confederation of Real Estate Developers Association of India (CREDAI) & American CBRE, India is currently the third-largest destination for start-ups in the world and fourth in creating unicorns.

In 2018, eight unicorns emerged out of India including the food aggregator Zomato, Oyo, Byju’s, Paytm subsidiary Paytm Mall, Udaan and Swiggy. As of now, India’s unicorn start-ups number is just behind the US, the UK and China.

India is soon expected to lead as a unicorn destination with most billion-dollar valuation start-ups emerging out of the country. Due to the close integration of start-ups and conglomerates for delivering tech-enhanced services, the country is expected to churn most number of unicorn companies.

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