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What is 'Unicorn Company' often mentioned in Indian news?

A.
Any privately held startup company with a value of over $1 billion
B.
Any public sector company to be merged with another public sector company
C.
Privatization of any loss-making State-owned company
D.
Any foreign multinational company doing business in India in collaboration with an Indian company

Solution:

The correct answer is Any privately held startup company with a value of over $1 billion.A unicorn company is a privately held startup company valued at over $1 billion.The term Unicorn was first popularised in 2013 by venture capitalist Aileen Lee, choosing the mythical animal to represent the statistical rarity of such successful ventures.Additional Information In May 2022, India got its 100th unicorn when neobanking fintech portal, Open Financial Technologies Pvt Ltd, raised fresh capital to push up its value to over a bn dollars.

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