Six years ago, when venture capitalist Aileen Lee coined the term “unicorn”—to define the extreme rarity of startups valued north of $1 billion—there were just 39 in the US and only three Indian unicorns. Today, the US and China are home to over 200 each, while India has roughly 30! 

Since mobile advertising company InMobi became the country’s first unicorn in 2011, there had been only the odd spotting.

AUTHOR

Savio D'Souza

Savio is The Ken’s very first Training Editor and is also their Bengaluru Bureau Chief. His sole passion (at work) is for a cracking, must-read story. And that means you can find him working with reporters and editors, helping craft stories and polish journalism skills. He joined after nearly 15 years at Reuters and is the proud owner of non-operational Facebook and Twitter accounts.

View Full Profile

Sign up to our India edition to read this story instantly

To sign up, you’ll create an account that will give you access to a new free story published once a week and archive of 214+ previously published free stories from our India edition. You’ll also receive one email every morning from us introducing the day’s story.

If you’ve already signed up, just enter your email below or login using Facebook or Google.