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India Overtakes UK to Rank Third in Hurun Gazelle Index with 51 Firms
Sentiment: NeutralHigh Priority
What Happened?
India has surpassed the UK to claim the third spot in the 2026 Hurun India Gazelle Index, featuring 51 companies. The US and China remain first and second with 302 and 278 Gazelles, respectively.
Key points
- India's Gazelle Index includes 51 companies, four more than last year.
- The index tracks privately held companies founded after 2000, valued between $500 million and $1 billion.
- The cohort has a combined valuation of ₹3.3 trillion and an average valuation of ₹6,400 crore.
- Fifteen companies are new entrants, while seven graduated to Unicorn status.
- Fintech leads with 13 Gazelles, followed by Software as a Service (SaaS).
- The cohort outperformed the broader equity market with 40% revenue growth.
Key insights
- The increase in Gazelles indicates a robust startup environment in India.
- Family offices are showing strong interest in private investments, particularly in defense and AI.
- The trend of companies considering Indian IPOs suggests a shift in market preferences.
Why it matters
This ranking highlights India's growing prominence in the global startup ecosystem.
Tags
Entities
India· CountryUK· CountryUS· CountryChina· CountryHurun India Gazelle Index· EventASK Private Wealth· OrganizationAnas Rahman Junaid· PersonRajesh Saluja· Person
Source
Business Standard
