India Has 51 Startups Valued Over $500M, But Lags in AI: Report

4 Nov 2026, 12:25 pm · 20h ago · 1 min read · YourStory

The number of Indian startups valued at over $500 million grew to 51 in 2026, up from 47 last year, according to the ASK Private Wealth Hurun India Gazelle Index. The tracked companies hold a cumulative valuation of Rs 3.3 lakh crore ($34.1 billion) and generated Rs 33,233 crore in revenue, marking 50% year-on-year growth. Seven startups attained unicorn status this year, led by Twin Health at $2 billion. However, only three AI startups—Ema AI, Observe.AI, and UnifyApps—made the list, trailing the 54 AI gazelles in the US and 23 in China.