What is a Unicorn??

Updated: Feb 10

I am sure most of you heard the term "unicorn" in recent times as the startup industry is gaining pace momentarily.


In mythology, a unicorn is an elusive horse-like creature with magical powers



But in the business world, the term "Unicorn" is used to describe a startup company with a value of over $1billion"


The term was first coined by venture capitalist Aileen Lee in 2013.


In the year 2021 alone India had 41 unicorn startups. It clearly indicates the kind of boom the Indian start-up industry is in.


Examples:

  1. Digit Insurance

  2. CRED

  3. Licious

  4. Upstox




Want to read more?

Subscribe to www.itstimefornews.com to keep reading this exclusive post.

Subscribe Now
20 views0 comments

Recent Posts

See All