IITs stand fourth among popular universities globally which have produced Unicorn Founders: Report

IITs rank fourth among popular universities globally which have produced unicorn founders, according to a report by Sage, a UK-based accounting and payroll company.

In its study “Unicorn League”, the company has recently examinef what these $1 billion companies have in common, the schools which breed the most founders etc.

With 51 unicorn founders, Stanford tops the chart followed by Harvard (37 founders).

At fourth position are IITs with 12 unicorn founders that include Sachin Bansal and Binny Bansal (Flipkart), Abhay Singhal (InMobi), Ankit Bhati and Bhavish Aggarwal (Ola), Deepinder Goyal (Zomato), Jyoti Bansal (AppDynamics), K.V. Rao (Zuora), Pankaj Chaddah (Zomato), Rohit Bansal (Snapdeal) and Sanjay Sethi (ShopClues.com).

The study also found that 94% of founders were male, while only 30 of the 498 founders were female. 67% of unicorns were created by co-founders and 33% by single founders. For 60% of the founders, their current unicorn is the first and only company they’ve built.

Also, those who founded more than one company have, on average, a 34.5% higher valuation than those who founded just one company ($4.29 billion versus $5.88 billion).

The US has the most unicorn headquarters (144), followed by China (47) and India (10).The UK (9) leads the pack in Europe, followed by Germany (6). California (95) boasts the most headquarters, followed by New York (19) and Beijing (18). Consumer Internet (49) is the most common unicorn sector, ahead of software (48), e-commerce (37), financial services (22) and healthcare (18).