CONNECT WITH US
Tech

Tech

Indian startups with over $500M valuation grow to 51 despite low number of AI entities: Report

YourStory - Demo logo

Published on

Add as a preferred source on Google
Indian startups with over $500M valuation grow to 51 despite low number of AI entities: Report

Indian startups with a valuation of over $500 million have increased to 51 in 2026, from 47 in the year-ago period despite lower number of artificial intelligence (AI) companies, a report said on Tuesday.

The combined value of these 51 entities is about Rs 3.3 lakh crore ($34.1 billion), with an average valuation of about Rs 6,400 crore, and they employ over 60,000 people, as per the 2026 ASK Private Wealth Hurun India Gazelle Index report.

The entities have reported combined revenue of Rs 33,233 crore, growing 50% year-on-year, the report said.

Anas Rahman Junaid, founder and chief researcher, Hurun India, said the list includes three names engaged in AI, including Ema AI, Observe.AI and UnifyApps which is very low when compared with 54 in the US and 23 in China.

However, despite this, the number of Indian gazelles, or the companies with over $500 million, has grown to 51 this year, he added.

The lack of AI-themed companies is often cited as one of the biggest reasons for foreign investors withdrawing from the Indian public equity markets.

The report said seven startups crossed $1 billion to become unicorns in 2026, with Twin Health's valuation rising to $2 billion from $700 million. Financial services and healthcare account for six of the seven.

"It reflects an entrepreneurial base that is diversifying across sectors and geographies and building scalable businesses with the potential to compete globally," said Rajesh Saluja, Co-Founder, CEO & MD of ASK Private Wealth.

Further, the report said AI and CleanTech are the largest of the three frontier sectors, with three startups each.


Source link
Related Topics:Tech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.