We are all familiar with the word unicorn which refers to the single-horned horse-like animal.
In the business world, the term unicorn represents a privately-owned startup.
Yes. A company, usually a startup, is considered a unicorn when its investor valuation reaches $1 billion or more. The unicorn is so named because it is so rare to reach a billion dollars. Aileen Lee, a venture capitalist, coined the term in 2013 to emphasize the rarity of these startups.
There are over 650 unicorns with a cumulative valuation of over $2000 billion in this case. As the country with the most unicorns, India is the third-largest in the world with 51 unicorns.
According to a survey, some fields are more likely to produce unicorns than others – such as SaaS and other internet software services like Slack, as well as eCommerce marketplaces and financial technology.
India’s first unicorn startup:
Inmobi:
Let’s have a look at India’s first unicorn startup. Inmobi, a privately held mobile ad-tech startup company, clocked over one billion dollars in terms of value.
India’s latest startup to enter the unicorn race:
MindTickle:
It is the latest startup to enter the unicorn race. As a Sass platform that enables companies to train and coach their sales teams and partners, it helps fast-growing companies prepare their sales teams and partners.
Let’s have a look at the biggest unicorn-ranked company as of 2021 globally.
In global standards, the US and China contributed to the creation of high-value unicorn startups.
As of April 2021, ANT Group, a fintech company spun off from Alibaba’s Alipay, was valued at approximately 200 billion US dollars, making it the most valuable unicorn on the planet.
For all the startup owners eyeing to turn their ventures into unicorns factor in these items in the checklist. Ideally, a unicorn should be tech-savvy, disruptive, efficient, growth and consumer-focused.
