The term like ‘Unicorn’, often seen in news, implies which of the following? |ForumIAS

[A] A startup that reaches the valuation of $1 billion.

[B] Any startup that reaches the funding of $1 billion.

[C] A government aided startup.

[D] A startup which has monopoly in e-commerce.

Answer: A

Notes:

Explanation: Unicorn:

In the venture capital industry, the term unicorn refers to any startup that reaches the valuation of $1 billion.
Only a privately held startup can be a unicorn.
The term initially was used to lay emphasis on the rarity of such startups.
Disruptive Innovation, high on technology, new ideas, consumer focus are some of the common features of unicorns.
As of 27th January 2022, India is home to 84 unicorns with a total valuation of $ 286.27 Bn. Sequoia has been the most active investor in Indian Unicorns, followed by Tiger Global Management, Accel, and Softbank.
A decacorn is company that has attained a valuation of more than $ 10 Bn. As of January 2022, 46 companies world over have achieved the decacorn status. India has four startups namely, Flipkart, BYJU’s, Paytm and Swiggy, added in decacorn cohort.
Recently, an Indian startup founder quipped on Twitter that the definition of a ‘Unicorn’ as used in the venture capital industry should now change to $1 billion of funding raised. The term currently refers to a startup that reaches a valuation of $1 billion.
He was commenting on the flurry of unicorns that have been created globally. The term was originally coined by US venture capitalist Aileen Lee in 2013 when there were just 39 startups globally that fit the definition, which has not changed since then.