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India's unicorn boom shows no signs of slowdown

Startups that meet demand for business services are growing rapidly

The Bombay Stock Exchange in Mumbai: Indian stocks have been on a bull run since last year.   © Reuters

TOKYO -- The number of Indian unicorns -- privately held companies worth $1 billion or more -- continues to balloon. A shocking 15 Indian startups became unicorns in the first half of this calendar year; nine more reached unicorn status in July and August.

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