New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following statements about India's startup

    ecosystem and the projected rise in unicorns in FY25 is correct?
    A The fintech sector is expected to decline, resulting in fewer potential unicorns. Correct Answer Incorrect Answer
    B InCred Finance is the latest startup to achieve unicorn status after raising $100 million. Correct Answer Incorrect Answer
    C Online platforms like Bookmyshow and fintechs such as Navi and Paymate are among the 'soonicorns' approaching unicorn status. Correct Answer Incorrect Answer
    D The total valuation of India's unicorns by the end of last fiscal year was under $200 billion. Correct Answer Incorrect Answer
    E All unicorns combined are valued at less than $10 billion. Correct Answer Incorrect Answer

    Solution

    The statement accurately reflects that online platforms and fintechs like Bookmyshow, Navi, and Paymate are among the 'soonicorns' nearing the $1 billion valuation mark, as mentioned in the summary .

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