2/6/2024 0 Comments Unicorn pride meaningThe Indian startups have reportedly raised around $42+ billion in funding across 1,584 deals in 2021. The Indian government also mentioned that it expects the next wave of startup founders to come from the Tier 2 and Tier 3 cities of India. On the other hand, Startups are privately owned companies typically at the early stages of their development.īeing hopeful and supportive of the unicorn culture of India, the Union Minister of State for Entrepreneurship, Skill Development, Electronics & Technology Rajeev Chandrasekhar said that India will see a 10X increase in its unicorn count, in the next 2-3 years, which will reach more than 1,000. The term was coined by a venture capitalist and a seed investor, Aileen Lee. Unicorn is a business term used to define a startup with a valuation of over $1 billion. Unicorn Startup consists of two words, "Unicorn" and "Startup". It takes a lot of hard work, commitment, and perseverance throughout the startup's journey to climb the ladder of unicorns, and the ones that have bagged the title of unicorns are discussed in this article. In today's world, unicorn startups are not as uncommon as before however, building a unicorn startup is not easy. India is becoming the world's fastest-growing startup ecosystem with 111 Unicorn Startups, as of January 2024.
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