Answer: Third
Notes: The Hurun Global Unicorn Index 2025 reported a record 1,523 unicorns, which are privately held startup companies valued over $1 billion. This marks an increase of 70 unicorns compared to last year, with a total combined valuation of $5.6 trillion. The United States of America leads with 758 unicorns, including 55 new ones, and has six of the ten most valuable unicorns. China holds second place with 343 unicorns. India ranks third with 64 unicorns, with Bengaluru at rank 7 globally, Mumbai at 22, and Gurugram debuting at 27.
