2023 · Q39
Which of the following statements about a ‘unicorn' is/are correct?
- 1In the venture capital industry, the term unicorn' refers to any startup that reaches the valuation of $10 billion.
- 2Only a privately held startup can be a unicorn.
Select the correct answer using the code given below.
Indian EconomyGrowth and sectors
- A1 only
- B2 only
- CBoth 1 and 2
- DNeither 1 nor 2
Explanation
A unicorn is a privately held startup valued at $1 billion or more, not $10 billion (that is a decacorn), so statement 1 is wrong. Statement 2 is correct: only privately held startups qualify, since listed companies are valued by the market. Hence 2 only, option B.