A “unicorn” is a phrase used in finance to indicate a privately held firm with a valuation of more than $1 billion. A venture capitalist named Aileen Lee coined the phrase in 2013 to describe the rare digital companies worth more than $1 billion.
The existence of unicorns is a contentious topic. While some experts feel that unicorns are just a result of technological advancement and innovation, others argue that the growing number of unicorns is a symptom of an industry bubble.
Venture capitalists and investors that engaged in the company’s fundraising rounds established the unicorn valuation. Because unicorns are all startups, their value is based mostly on their growth potential and expected progress. Unicorns’ worth is unrelated to their real financial success or other critical data. Many of the companies have yet to make any profits, despite their excessively high valuations.
Features of a Unicorn Startup:
Within the Indian startup ecosystem, the fast-growing unicorn realm has seen unparalleled expansion. Some of India’s most well-known Unicorn Brands include BharatPe, Dream11, Unacademy, Flipkart, Snapdeal, Ola Cabs, Paytm, and more.
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