One of the most sought-after achievements for a fast-growing start-up is to reach a $1bn valuation – what is known as a ‘unicorn’ business.
Normally a tech-focused firm, 76 new companies have joined the exclusive unicorn club in 2020 across the world – that’s 60% down from last year, with none of those 76 quite reaching ‘decacorn’ status yet (that’s a privately owned startup with a valuation of over $10m).
So, who are the top 10 highest value additions to the list this year?
|Rank||Company||Valuation ($B)||Date Joined||Country||Industry|
|1||National Stock Exchange of India||$6.50||July||India||Fintech|
|2||Arrival||$3.92||January||United Kingdom||Auto & transportation|
|3||GoPuff||$3.90||October||United States||E-commerce & direct-to-consumer|
|4||HyalRoute||$3.50||May||Singapore||Mobile & telecommunications|
|5||MessageBird||$3||October||Netherlands||Mobile & telecommunications|
|8||Cazoo||$2.50||June||United Kingdom||E-commerce & direct-to-consumer|
|9||Skydance Media||$2.30||February||United States||Other|
|10||Via Transportation||$2.25||March||United States||Auto & transportation|