India’s startup ecosystem is expanding at an unprecedented rate. The ASK Private Wealth Hurun India Future Unicorn Index 2022 has classified companies as would-be unicorns, gazelles, and cheetahs. According to the index, the number of unicorns has increased by 65 percent in one year, while the number of gazelles and cheetahs has increased by 59 percent and 31 percent respectively. The index identifies 122 future unicorns in India with Bengaluru continuing to be the unicorn capital of the country with 46 unicorns. Delhi and Mumbai trail at the second and third spot with 25 and 16 unicorns. The report defines gazelle as a startup that was created after 2000 and has the potential to become a unicorn within 2 years and is projected to be worth USD 500 million to USD 1 billion. Here’s a look at the top 10 gazelles from the ASK Private Wealth Hurun India Future Unicorn Index 2022 that are expected to become unicorns during the next two years-

Horse racing, casinos or online gaming, they are all essentially gambling and should be taxed accordingly - that’s the word from Union Finance Minister Nirmala Sitharaman. But it is not just the surge in the GST rate that's causing online gaming platforms to go up in arms. It's the decision to levy GST on the total pool of money deposited by real-money gamers. "It's absurd," says the industry.

India is currently home to around 84 unicorns and India’s future unicorns are currently worth a whopping USD 49 billion, an increase of 36 percent as compared to last year, this according to a report by ASK Private Wealth Hurun India Future Unicorn Index 2022.

As Indian edtech giants run out of money, Singapore’s Cialfo is looking to make a splash in the country that has 658 million internet users, the second-highest in the world, as per data by Statista.