Unicorn Startup

Unicorn Startup

Unicorn Startup is a privately held technology company valued at $1 billion or more. The term “unicorn” was coined in 2013 by venture capitalist Aileen Lee to describe the rarity of such companies. These companies are often characterized by rapid growth, significant market disruption and have the potential to change the way industries operate.

UNICORN STARTUP

What is a unicorn startup?

Unicorns are privately held, venture-capital-backed startups that have reached a value of $1 billion. The valuation of unicorns is not expressly linked to their current financial performance, but largely based on their growth potential as perceived by investors and venture capitalists who have taken part in various funding rounds.

When was the term first used?

American venture capitalist Aileen Lee is credited with coining the term in 2013. It was used to emphasise the rarity of the emergence of such startups.

Features of a unicorn startup:

Although every unicorn startup is unique based on its idea and business model, there are some common features you can find in all of them. These include:

  • Tech-based

The core business model of many unicorn startups runs on technology. For example, Paytm started by making it easier for people to pay for limited utilities like mobile and DTH recharges. The company has grown as a comprehensive platform having payment products for both consumers and businesses.

  • Pioneers in their niche

Many startups have achieved the status of a ‘unicorn’ by venturing into a field not known or targeted before. Being the starters in a specific industry has given them an edge against the competition to ensure consistent business growth.

However, things have changed now as startups that are not pioneers are also moving towards or beyond the mark of being a unicorn.

  • Innovation at the forefront for consumers

Most of the unicorn startups in India have resulted in disruption in the industry they fall into with the power of constant innovation. Oyo rooms, for example, have changed the way people used to book accommodation while traveling. Paytm, particularly Paytm Wallet, changed the way people paid for things offline and online. They all have the vision to become a part of the daily lives of the end consumers.

Can only startups become unicorns?

Yes,It is because the term ‘unicorn’ is given only to the startup companies that have a valuation of over $1 billion. Next in line are super unicorns or decacorns – startups that have a valuation of $10 billion. For example – SpaceX, WeWork, and Dropbox

Don't forget to share this article :-

Stay Updated With Our Blogs!

Explore more of our blogs to have better clarity and understanding
of the latest corporate & business updates.

Why People Choose Our Services ?

Free Legal Advice

We provide free of cost consultation and legal advice to our clients.

Tech Driven Platform

All our services are online no need you to travel from your place to get our services.

Grow your business

Experts Team

We are a team of more than 15+ professionals with 11 years of experience.

Transparent pricing

There are no hidden & extra charges* other than the quote/invoice we provide.

100 % Client Satisfaction

We aim that all our customers are fully satisfied with our services.

On-Time Delivery

We value your time and we promise all our services are delivered on time.

Why Trust legal Suvidha?

People Who loved our services and what they feel.

In this Journey of the past 10+ years, we had gained the trust of many startups, businesses, and professionals in India and stand with a 4.9/5 rating in google reviews.

Rajesh Srivastava
Rajesh Srivastava
Startup CEO
Read More
Great services and expertise. Highly recommended, Quick work and provided good support for the entire process. Made things very easier for us and I got my first ever Trademark for my product in just no time. I recommend their services to all the Startups for a hassle-free registration and other services. Again Thank You So Much Team Legal Suvidha... Good work...
Vijaya
Vijaya
Employee
Read More
Excellent service and has been very timely in response. They are very patient too and guided us with the right steps even though we approached them with very few days left before the deadline. I highly recommend them to other startups who need legal advice and do all the paperwork at the year-end. And we would approach them for all our future requirements as well.
Krish Mundarath
Krish Mundarath
Businessman
Read More
We highly recommend them. Best in class services. Thank you for helping me through the process and for prompt replies. All the Best in your Endeavors. We highly recommend them. Best in class services. Thank you for helping me through the process and for prompt replies. All the Best in your Endeavors. I will surely consider them for future work.
Inamul Hashmi
Inamul Hashmi
Businessman
Read More
Legal Suvidha filed my GST, Income Tax Returns for my business Happy by their service. They are Excellent, cost effective, efficient, co-operative & Genuine service providers keep up the good work in the future. Thank you for shaping my business in the right direction. I would suggest others to take up their services they are better than other competitions present in the market.
Previous
Next

Our Partnerships & Collaborations

Contact us and grow your business

Legal Suvidha App

Now all Professional Services in a Single Click !

Now get all the services required for your business in a single app.

Subscribe to our newsletter & grow your business

Subscribe To Our Newsletter .

Sign up to receive email updates on new product announcements, special promotions, sales & more.