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The presence of start-ups in India is widespread, covering 56 industry sectors with 13% in IT services, 9% in healthcare and life sciences, 7% in education, 5% in professional and commercial services, 5% in agriculture and 5% in food and beverages. Till 2016-17, approximately only one unicorn was being added to the tally every year but over the past four years (since 2017-18), this number has been increasing exponentially, with 66% year on year growth in the number of additional unicorns every year.