Unicorn Definition

XAT 2022 · General Knowledge · Easy · General Knowledge

According to the venture capital industry, what is a unicorn?

  1. A.

    Any start-up that gives a dividend of 1billiontoitsshareholders1 billion to its shareholders

  2. B.

    Any start-up that makes its owner a billionaire

  3. C.

    Any start-up that raises 1billioninventurecapital1 billion in venture capital

  4. D.

    Any start-up that reaches the valuation of 1billion1 billion

  5. E.

    Any start-up that reaches to employ 1000 people

Answer

D

Explanation

A unicorn is a privately held startup company valued at over 1billion.1 billion.

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