The startup valuation across the globe is hitting the sky with some 112 new companies joining the unicorn club (companies with valuation of $1 billion and above) in 2018 alone, a rise of 58 per cent over the previous year, taking the number of such companies to 310. The collective worth of these companies that raised a total of $257 billion in funding, stood at $1052 billion as of January 23, 2019, according a market intelligence platform CB Insights. While the US continued to lead being home to 49 per cent of these unicorns (an improvement of 2 percentage points over an August 2018 report), China’s share feel from 30 per cent to 26 per cent. India ranked at fourth place with a share of 4 per cent (13 unicorns to be precise) while the UK with 17 unicorns or 6 per cent share was in third position.