India heads for four-year high in new unicorns, driven by AI

India heads for four-year high in new unicorns, driven by AI


Startups

New Delhi supports startups with incentives in bid to catch up to US, China

20260224N Zepto India

India’s unicorns have been dominated up to now by e-commerce and fintech companies, like delivery service Zepto. (Zepto)

UTAKO KAWAKAMI

MUMBAI — India is seeing a rise in new unicorns again after several slow years as startups leveraging artificial intelligence and other digital technologies give the country the momentum to challenge the U.S. and China.



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