What is ‘Unicorn Company’ often mentioned in Indian news ?
Any privately held startup company with a value of over $ 1 billion
Any public sector company to be merged with another public sector company
Privatization of any loss-making State-owned company
Any foreign multinational company doing business in India in collaboration with an Indian company
Answer is Wrong!
Answer is Right!
This question was previously asked in
UPSC CDS-1 – 2022
– Unicorns are considered rare and highly successful startups.
– The valuation is typically based on investment rounds by venture capitalists.
– A ‘Hectocorn’ is a privately held company valued at over $100 billion.
– The other options describe different concepts in the business world, such as mergers of public sector units (B), privatization (C), or joint ventures (D), none of which define a unicorn company.