India added the second highest number of unicorns at six, as compared to top global tech startup ecosystems, in 2024 -- taking the combined valuation of current Indian unicorns to more than $220 billion, a report showed on Thursday.
Unicorns’ share in total funding in 2024 stood at 33 per cent, according to a report by Nasscom, in collaboration with Zinnov, which was launched on the sidelines of the ‘Startup Mahakumbh’ event here.
In 2024, the Indian tech startup ecosystem witnessed a 23 per cent surge in funding, with total tech funding rising to $7.4 billion.
The number of deals also saw a 27 per cent uptick compared to 2023. This revival was further underscored by a 2.1X increase in newly founded tech startups during the year, bringing the total number of Indian tech startups to an estimated 32,000–35,000, according to the report.