5 Chinese, 1 Indian company lost their unicorn status this year

Dec 23, 2021 By: BI India Bureau

Nine companies lost unicorn status

The Hurun Global Unicorn List 2021 revealed that nine companies, mostly from China, lost their unicorn status this year. A unicorn is a company valued above $1 billion. Credit: Canva

Katerra - USA

Softbank-backed Katerra filed for bankruptcy in the US in June and had informed its employees that it plans to shut down its business. It ran an off-site construction company. | Country: USA | Valuation in 2020: $4 Billion | Sector: Construction Credit: Canva

Zume - USA

Zume was founded as an automated food delivery app in 2015, but shifted to food packaging and delivery logistics last year. | Country: USA | Valuation in 2020: $4 Billion | Sector: Big Data Credit: Canva

Greensill - UK

Greensill Capital was a financial services company based in the UK and Austria. The company focused on supply chain financing and related services. In March, Greensill Capital collapsed into insolvency.| Country: UK | Valuation in 2020: $3.5 Billion | Sector: Fintech Credit: Canva

Paytm Mall - India

Paytm Mall is the ecommerce arm of digital payments giant Paytm, which lost $9 billion in valuation since its listing on the stock exchange.| Country: India | Valuation in 2020: $3 Billion | Sector: Ecommerce Credit: Canva

Singulato - China

Singulato was a new energy vehicle brand of Chi Che-hung Technology.| Country: China | Valuation in 2020: $3 Billion | Sector: E Cars Credit: Canva

UCAR - China

UCAR Group is an app-based chauffeur-driven car-on-demand services provider. | Country: China | Valuation in 2020: $3 Billion | Sector: Shared Economy Credit: Canva

Yiguo - China

Yiguo was an ecommerce company based out of China, and it filed for bankruptcy in November due to tough competition in the Chinese market. | Country: China | Valuation in 2020: $3 Billion | Sector: Ecommerce Credit: Canva

Yixia - China

Yixia is a short video app based out of China. | Country: China | Valuation in 2020: $3 Billion | Sector: Media and Entertainment Credit: Canva

Youxia - China

Youxia is an electric vehicles manufacturing company that is engaged in research and development, design, production and sales. | Country: UK | Valuation in 2020: $3 Billion | Sector: E-cars Credit: Canva