India has become third largest unicorn hub in raising ₹ billions by startups post corona era. In 2021 itself, India saw 46 unicorns. There has been significant increase in retail users in share market in India. Ofcourse the terminology used confuses many. If you are in share market , you must have been hit by the word unicorn. Specially in 2020, 2021 and 2022, the ‘word’ unicorn became household. This article contains understanding of Unicorn and Decacorn with some details explained.
What is Unicorn?
Unicorn is a company which has valuation of $1 billion or in Indian currency ₹7500/- crore or above. A company whose net worth/ valuation is 1$ billion or ₹7500/- crore and above is known as unicorn.
How many unicorns are there in India?
As of starting 2022, there are 90 unicorns in India. In 2021 alone, 46 unicorns were raised in India.
- These 90 unicorns belong to different platforms ranging from crypto exchanges to health , online e- commerce and fintech firms.
- The best example is Nykaa . Nykaa become the first woman lead Indian unicorn to go public.
- Flipkart was the most valuable unicorn with valuation of $37.6 billion after raising $3.6 billion in 2021.
- Mensa brand was the fastest to turn unicorn where it took just 6 months to turn unicorn in 2021.
Where does India stands in unicorn hub?
(As on Jan 2022)
What is Decacorn?
Decacorn is a company which has valuation of $10 billion or in Indian currency ₹75000 crore (approx). A company whose net worth/ valuation is $10 billion or ₹75000 crore (approx) and above is known as decacorn. India has seen four decacorns-Flipkart, Oyo Roooms, Paytm, and Byju’s.
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