Where Were Unicorn Founders Born?New result on immigrants & US economyFor 1,078 founders of 500 US unicorns, I… https://t.co/wRCLpzLlg0 — Ilya Strebulaev (@IlyaStrebulaev) 1642090728000ETtechETtechA study compiled by Ilya A. Strebulaev , professor of finance at Stanford University’s Graduate School of Business, shows that out of 1,078 founders across 500 US unicorns , 90 entrepreneurs were born in India, signalling the significant presence of Indian Americans in the country’s startup and tech economy.India-born founders were followed by the ones from Israel and Canada.The data pulled together by Strebulaev comes at a time when many Indian-based technology professionals are looking to head back home. It also happens to be the seventh largest unicorn city in the world. Delhi claimed the second spot with 13 unicorns while Mumbai boasts 11 unicorns in the same period. Interestingly, Mumbai saw a 3.2x increase in the total number of unicorns in 2021. Chennai had two unicorns emerge in 2021 while Jaipur joined the list with CarDekho.

Source: Economic Times January 15, 2022 20:33 UTC