Mumbai | For the second consecutive year, more unicorns (23) have been made in the country than China (11). This feat has been achieved despite the fact that India did not add any new unicorns in the last quarter of 2022. A startup with a valuation of more than one billion dollars (about Rs 8250 crore) is called a unicorn. India’s share of total venture capital funding expected in the Asia- Pacific (APAC) region to reach 20% for the first time in 2022. In most countries, India is getting the direct benefit of the China Plus One policy. During 2022, the total deal value of startup funding worldwide decreased by 33% to $ 25.7 billion (about Rs 2.12 lakh crore). It was $ 38.5 billion (about Rs 3.17 lakh crore) in 2021.