Which group in India is most entrepreneurial: Brahmin, Khatri or Baniya ?

 As per the analysis of unicorn founders in India and USA by caste, we found that:

-> Brahmins run the highest number of unicorns in India and USA, followed by Baniyas and Khatri caste being the third most prominent group.

 -> Out of 102 unicorns in India and 55 Indian unicorns in USA, 62 have a Brahmin co-founder, 60 have a Baniya co-founder while 55 have a Khatri co-founder.

-> On a per capita basis, the Khatri caste is at the top, followed by Baniya caste followed by Brahmin.

-> Punjabi Khatri make up 9% of Punjabi population in India (3.1 crore) which is 2.8 million.

-> Brahmin make up 4% of India's population (5.6 crore or 56 million).

-> Agarwal, Gupta, Jain, Maheshwari and Gujarati Baniyas combined make up 1.72% of India's population. Around 24.1 million.

	Population	#Unicorns	Unicorns/million
Brahmin	56 million	62	1.11
Baniya	24.1 million	60	2.49
Khatri/Arora	2.8 million	55	19.64

Source of data:

1. 102 unicorns in India: https://www.easyleadz.com/blog/top-unicorn-startups-in-india/ 

2. 524 unicorns in USA: https://www.failory.com/startups/united-states-unicorns

3. Brahmin population: https://www.outlookindia.com/magazine/story/brahmins-in-india/234783

4. Agarwal population: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3490109/

5. Jain population: https://en.wikipedia.org/wiki/Jainism_in_India

6. Gupta population: https://forebears.io/surnames/gupta2.8%20million

7. Gujarati Bania population: https://www.peoplegroups.org/explore/groupdetails.aspx?peid=48027

8. Maheshwari population: https://www.peoplegroups.org/Explore/groupdetails.aspx?peid=49516

9. Khatri population: https://joshuaproject.net/people_groups/17161/IN

10. Khatri/Arora population: https://casteanalysisindia.blogspot.com/2022/12/what-is-khatri-and-arora-population-of.html

11. Zepto (2023): https://www.livemint.com/companies/news/zepto-india-s-first-unicorn-in-2023-bags-200-million-11692987368170.html

List of unicorns with founder:

	Unicorns with Khatri founder	Unicorns with Baniya founder	Unicorns with Brahmin founder
1	BharatPe: Ashneer Grover	Flipkart: Binny Bansal, Sachin Bansal	Inmobi: Naveen Tewari
2	Zomato: Pankaj Chaddah	InMobi: Abhay Singhal, Amit Gupta, Piyush Shah	PhonePe: Rahul Chari
3	upGrad: Ravijot Chugh	Dream11: Harsh Jain	BYJU: Divya GokulNath
4	MakeMyTrip: Deep Kalra	OLA: Bhavish Agarwal	Dream11: Bhavit Sheth
5	Nyka: Falguni Nayar	OYO: Ritesh Agarwal	Freshworks: Vijay Shankar, Shaan Krishnasamy
6	Zetwerk: Vishal Chaudhary	Zomato: Deepinder Goyal	Pine Labs: Tarun Upadyay
7	Ofbusiness: Ruchi Kalra	Moglix: Rahul Garg	Zetwerks: Amrit Acharya, Rahul Sharma, Srinath Ramakkrushnan
8	Sharechat: Ankush Sachdeva	Policy Bazaar: Alok Bansal	BlackBuck: B. RamaSubramaniam
9	Verse Innovations: Umang Bedi	Coin DCX: Neeraj Khandelwal, Sumit Gupta	Ofbusiness: Asish Mohapatra, Vasant Sridhar
10	Browserstack: Ritesh Arora	Pine Labs: Rahul Garg	PharmEasy: Dharmil Sheth
11	Mohalla Tech: Ankush Sachdeva	Droom: Sandeep Agarwal	Meesho: Vidit Aatrey
12	Dailyhunt: Umang Bedi	Ofbusiness: Nitin Jain, Bhuvan Gupta	Infra Market: Aditya Sharda, Souvik Sengupta
13	Unacademy: Gaurav Munjal	Meesho: Sanjeev Baranwal	Digit insurance: Shriram Shankar
14	Cars24: Vikram Chopra	Cars24: Mehul Agarwal, Ruchit Agarwal	Five Star Business Finance: VK. RangaNathan
15	Postman: Ankit Sobti	Digit Insurance: Kamlesh Goyal	Gupshup: Beerud Sheth
16	Druva: Jaspreet Singh	Groww: Ishan Bansal	ChargeBee: Krish Subramaniam
17	Rivigo: Gazal Kalra	Browser Stack: Nakul Agarwal	PayTM: Vijay Shekhar Sharma
18	Delivery: Mohit Tandon	OLA electric: Bhavish Agarwal, Ankit Jain, Anand Shah	PayTM Mall: Vijay Shekhar Sharma
19	Billdesk: Ajay Kaushal	Lenskart: Peeyush Bansal	Zerodha: Nithin Kamath, Nikhil Kamath
20	MPL: Shubham Malhotra, Shubh Malhotra	Glance: Abhay Singhal	Glance: Naveen Tewari
21	Coinswitch Kuber: Govind Soni	Rivigo: Deepak Garg	DailyHunt: Umesh Kulkarni
22	Mobikwik: Bipin Preet Singh	MindTickle: Mohit Garg	Bill Desk: MN. Srinivasu, Karthik Ganapathy
23	Acko: Varun Dua	Vedantu: Pulkit Jain	Vedantu: Vamsi Krishna
24	Slice: Deepak Malhotra, Rajan Bajaj	Coin Switch Kuber: Ashish Singhal	Coin Switch Kuber: Vimal Sagar Tiwari
25	Pristyn Care: Vaibhav Kapoor, Harsh Singh, Garima Sawhney	Cars Dekho: Amit Jain, Anurag Jain	Rebel Foods: Kallol Banerjee
26	Mamaearth: Ghazal Alagh, Varun Alagh	Cure.Fit: Mukesh Bansal	MobiKwik: Chandan Joshi
27	LEAD School: Sumeet Mehta	No Broker: Amit Kumar Agarwal, Saurabh Garg, Akhil Gupta	Mensa: Ananth Narayanan
28	Uniphore: Umesh Sachdeva	Global Bees: Nitin Agarwal, Supam Maheshwari	Upstocks: Srinivas Vishwanath
29	Oxyzo: Ruchi Kalra	Fractal Analytics: Pranay Agarwal	Elastic Run: Sandeep Deshmukh
30	Purplle: Manish Taneja	Elastic Run: Shitiz Bansal	Livspace: Ramakanth Sharma
31	Shiprocket: Gautam Kapoor	Oxyzo: Nitin Jain, Bhuvan Gupta	Amagi: Baskar Subramaniam
32	Tata 1mg: Prashant Tandon	Uniphore: Ravi Saraogi	Oxyzo: Vasanth Sridhar, Asish Mohapatra
33	Shopclues: Sanjay Sethi	First Cry: Supam Maheshwari	Games 24*7: Bhavin Pandya
34	Rebel Foods: Jaydeep Barman, Ankush Grover	XPress Bees: Supam Maheshwari	Physics Wallah: Alakh Pandey
35	Innovaccer: Kamal Hasija	Verse Innovations: Virender Gupta	Purplle: Rahul Dash
36	Laceworks: Sanjay Kalra, Vikram Kapoor	Innovacer: Sandeep Gupta	Netskope: Krishna Narayanaswamy, Ravi Ithal
37	Netspoke: Sanjay Beri	Udaan: Vaibhav Gupta	Automation Anywhere: Mihir Shukla
38	Automation Anywhere: Neeti Mehta	Daily Hunt: Virender Gupta	Rippling: Prasanna Sankar
39	Clubhouse: Rohan Seth	Unacademy: Sachin Gupta	Workato: Gautham Viswanathan
40	Commure: Hemant Taneja	Licious: Vivek Gupta	Rubrik: Arvind Nithrakashyap
41	Indigo AG: Rahul Bhatia	Spinny: Mohit Gupta	Farmers Business Network: Amol Deshpande
42	O9 solutions: Sanjeev S. Sidhu	PharmEasy: Dhaval Shah	Alchemy: Nikil Vishwanathan
43	Reltio: Manish Sood	CRED: Kunal Shah	ChargeBee Technologies: Krish Subramanian
44	Athelas: Tanay Tandon	Glance: Piyush Shah	Tekion: Guru Sankararaman
45	Coda: Shishir Malhotra	Big Basket: Vipul Parekh	Aura: Hari Ravichandran
46	Symphony: Romesh Wadhwani	Apna: Nirmit Parikh	Moveworks: Vaibhav Nivargi
47	Agent Sync: Niranjan Sabharwal	My Glamm: Darpan Sanghavi	Truepill: Sid Vishwanathan
48	Seekout: Vikas Manocha	Benchling: Ashutosh Singhal	Athelas: Deepika Bodapati
49	Axtria: Jaswinder Chadha, Navi Chadha	Better dot com: Viral Shah, Vishal Garg	Cambridge Mobile Telematics: Hari Balakrishnan
50	Minio: Garima Kapoor	6Sense: Premal Shah	Mu Sigma: Ambiga Subramanian, Dhiraj C Rajaram
51	Shipbob: Divey Gulati	ThoughtSpot: Sanjay Agrawal, Shashank Gupta	Solugen: Gaurab Chakrabarti
52	Snorkel AI: Paroma Varma	Rubrik: Arvind Jain	Signifyd: Rajesh Ramanand
53	Vise: Runik Mehrotra	Indigo AG: Rakesh Gangwal	YugaByte: Kannan Muthukkaruppan, Karthik Ranganathan
54	Zepto: Kaivalya Vohra	WorkRise: Sandeep Jain	Alation: Venky Ganti
55	Shiprocket: Vishesh Khurana, Akshay Gulati, Gautam Kapoor	Plume: Aman Singla	Starburst: Anu Sudarshan
56		Eight Fold AI: Ashutosh Garg	Vectra Networks: Hitesh Sheth
57		Moveworks: Bhavin Shah	IRL: Krutal Desai
58		Harness: Jyoti Bansal	CloudBees: Vivek Pandey
59		Extend: Rohan Shah	Turing: Vijay Krishnan
60		Shiprocket: Sahil Goel	InstaBase: Anant Bhardwaj
61			Mixpanel: Suhail Doshi
62			ThoughtSpot: Abhishek Rai