2021 could be the best year for Unicorns

Unicorn companies are described as a privately held startup company with a valuation of over $1 billion. The term was first popularised by venture capitalist Aileen Lee in 2013 to describe rare technology startups that were valued at more than $1 billion.

While new tech-based companies created new categories of businesses, the Covid-19 pandemic has only ensured that many more segments of businesses are conducted online, and technology-based start-ups proliferate into new areas. A report from CB Insights has given detailed data on Unicorn ecosystem in India and across the world. Here is a brief summary of the findings.

Paytm is India’s highest value Unicorn, seven more were added to the Unicorn list in 2021