A unicorn start-up is a company whose valuation is over $1 billion. Well this is something big to achieve those entrepreneurs and many start-ups in India have been able to achieve this. Some of the start-ups have become household names in our country.
Start-ups perform really well in our country because of the support and guidance provided by the government. The incubation facilities in our country are performing really well in supporting the young entrepreneurs by mentoring and guiding them.
Let’s take a look at some of those unicorn start-ups in our country
Flipkart was founded by Sachin Bansal and Binny Bansal in 2007 with their headquarters in Bengaluru, Karnataka. They specialise in E-commerce. They have received a total funding of $7.3 billion.
Their key investors include SoftBank, Microsoft, Tencent, eBay, Steadview Capital, DST Global, Accel Partners, Naspers, Tiger Global Management.
Flipkart achieved the valuation of $1 billion in 2012. Currently Flipkart is valued at around $22 billion.