2025  ·  Hurun Global Unicorn List

(26 June 2025, Guangzhou, Mumbai, and London) The Hurun Research Institute today released the Global Unicorn Index 2025, a ranking of the world’s unicorns, defined as start-ups founded in the 2000s, worth at least a billion dollars and not yet listed on a public exchange. The cut-off was 1 January 2025, with significant changes in valuation updated up to the date of release. Hurun Research has been tracking unicorns since 2017. This is the seventh year of the Global Unicorn Index.