What is 'Unicorn Company' often mentioned in Indian news?
- A. Any privately held startup company with a value of over $ 1 billion ✓
- B. Any public sector company to be merged with another public sector company
- C. Privatization of any loss-making State-owned company
- D. Any foreign multinational company doing business in India in collaboration with an Indian company
Correct Answer: A. Any privately held startup company with a value of over $ 1 billion
Explanation
In venture capital, a 'unicorn' describes a privately held startup company that has reached a valuation of over $1 billion.
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