Unicorn Startup-Detail, Information

In the last few years, India seems to be achieving a different position in the field of unicorn startups. India’s progress on unicorns is truly commendable. According to Hurun Research Reports, India has now come at number three in the whole world in terms of unicorns. This is indeed a great achievement for India.

What is Unicorn?

Unicorn is called a startup company whose value is more than one billion dollars ($1 billion). In simple words, when the value of a private startup company reaches one billion dollars or more, then it is called a unicorn. A unicorn is made from the startup company itself.

A Unicorn Startup is a term that refers to a private startup that has obtained a total valuation of more than $1 billion.

Some people start a company together and then gradually money increases in it and that company starts growing. When the valuation of this private startup reaches one billion dollars or more, then it becomes a unicorn.

Narendra Modi Ji on Indian Unicorn Startup

The Prime Minister of India, Shri Narendra Modi ji has appreciated the Unicorn Startups of India. According to the Prime Minister, the record listing marks the beginning of a new era for Indian unicorn startup companies and the Indian market. Through this article, we will tell you about Indian Unicorn Startups in detail.

Indian Startups Initiatives by Narendra Modi Ji

Prime Minister Narendra Modi first talked about Startup India on 15 August 2015. Startup India was launched on 16 January 2016 from Vigyan Bhawan, Delhi. There are some startup companies in India before 2015 like TCS, Infosys, etc. Startup India was started from this point in addition to profit and business so that the young generation of India does not have to face job search and other problems.

What are Startups?

A person, a group has a unique or innovative solution to any problem, which they can go ahead to give the form of a big business, that company or any new venture or product, we call startup. This is a company that is private and can become a scalable and any innovative way to become a very large turnover business.

In the beginning the turnover of the startup company is not high and some startup companies do not even last long. So we can say that these are fake companies which are in the developing phase and can also turn into a big turnover business going forward.