The term ‘unicorn’ – a privately held technology startup with a valuation equal to or over $1 billion (around Rs 7,500 crore) – was coined by Aileen Lee, an American angel investor and founder of Cowboy Ventures, a venture capital firm, in 2013. India did not have a single unicorn then. But as of January 2022, India had 83 ‘unicorns’ with a total valuation of $277.77 billion.
Why are India’s Unicorns overvalued, When valuation itself is linked with future earnings?
Why are India’s Unicorns overvalued, When…
The term ‘unicorn’ – a privately held technology startup with a valuation equal to or over $1 billion (around Rs 7,500 crore) – was coined by Aileen Lee, an American angel investor and founder of Cowboy Ventures, a venture capital firm, in 2013. India did not have a single unicorn then. But as of January 2022, India had 83 ‘unicorns’ with a total valuation of $277.77 billion.