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Peak XV

Peak XV tops chart of Hurun India Future Unicorn Index 2024

Peak XV

Venture capital firm Peak XV Partners has solidified its position as the premier investor in India’s startup ecosystem, according to the ASK Private Wealth Hurun India Future Unicorn Index 2024. The firm made investments in 47 potential unicorns such as Turtlemint, CleverTap, and Classplus.

Accel is at the second position while Tiger Global which made very few investments in the past couple of years came in third. Trifecta and Blume Ventures also made it to the top 5 list.

peak xvThe index released by the Hurun Research Institute ranks India’s startups founded in the 2000s, with valuations of at least $200 million, that are not yet listed on the stock exchanges.

Hurun has classified these startups as Gazelles (likely to achieve unicorn status within three years) and Cheetahs (likely to reach unicorn status within five years). According to Hurun, the objective of the index is to highlight the rapid expansion of India’s startup ecosystem to a global audience, including investors, government bodies, family offices, aspiring entrepreneurs, and the international community.

Hurun Research found 152 Indian future unicorns from 31 cities. On an average, they were set up in 2015, with the vast majority selling software and services, with only 18% selling physical products. It further said that 44% are selling to businesses, while 56% are consumer-facing.

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