Question: What is India’s rank in the “Global Unicorn Index 2021“?
(a) 1st
(b) 2nd
(c) 3rd
(d) 4th
Answer: (c)
Related Facts:
- India has replaced the UK at the 3rd spot thus by adding 33 unicorns in 2020.
- The Hurun Research Institute has released Global Unicorn Index 2021.
- In total, India has 54 Unicorns.
- The 1st position is marked by the USA having 487 number of unicorns.
- The USA has added 254 unicorns newly.
- China is placed at 2nd position with 301 unicorns.
- China has added 74 unicorns newly.
- The report said there are 122 unicorns in e-commerce globally, of which 15 are in India.
- With a valuation of $21 billion, India’s most successful unicorn is edtech behemoth Byju’s.
- In business, a unicorn is a privately held startup company valued at over $1 billion.
- The term was first popularised in 2013 by venture capitalist Aileen Lee, choosing the mythical animal to represent the statistical rarity of such successful ventures.
BY: AMIT GUPTA