A Unicorn is a term, first coined by venture capitalist Aileen Lee in 2013. There are more than 803 unicorns as of August 2021. The largest unicorns included ByteDance, SpaceX and Stripe. Also , there are now 30 unicorns with over $10bn valuation in the world, including SpaceX, Stripe. Unicorn is the term used to describe a startup company with a value of over $1 billion. Startups worth over $1 billion are called unicorns because they are so rare–often, these companies have seen skyrocketing success or market traction, which has launched them into almost a mythical category, since they are so rare.
India is becoming the world’s fastest-growing start-up ecosystem withith over 70 Unicorn Startups, as of 2021. Startups that entered the Indian unicorn club in 2021 are BharatPe, CoinDCX, upGrad, MindTickle, Droom, OfBusiness, BlackBuck, Chargebee, CRED, Digit, Groww, Gupshup, Infra.Market, Five Star Business Finance, Innovaccer, Meesho, Pharmeasy, Sharechat, Urban Company, Moglix, Zeta, Eruditus, Zetwerk and BrowserStack, Apna, Vedantu, Licious, CoinSwitch Kuber, Rebel Foods, CarDekho, MobiKwik, Acko and more.