Question
Recently which of the following firm became India's
103rd unicorn?Solution
Sales automation software-as-a-service (SaaS) platform LeadSquared has raised $153 million in a Series C funding round from WestBridge Capital to become a new unicorn (valuation of $1 billion and above) in the country. It has become India’s 103rd unicorn. 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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