Question
Recently which of the following mobile-first credit card
firm, became the 104th unicorn in India?Solution
OneCard, a mobile-first credit card firm, became the 104th unicorn in India after it raised $100 million in a series D round of funding led by Temasek. The latest round by OneCard, owned by Pune-based FPL Technologies, also saw investment from existing investors such as QED, Sequoia Capital, and Hummigbird Ventures. Unicorn: In business, a unicorn is a privately held startup company valued at over US$1 billion. The term was first popularised in 2013 by venture capitalist Aileen Lee. Mobile advertising platform InMobi was the first unicorn of the country announced in 2011. Neobank Open was the 100th unicorn in the country announced in 2022. Physicswallah was the 101st unicorn in the country.
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