NIMHANS, Bengaluru - Current Affairs Questions and Answers

1)   Which is the term popularised to describe start ups valued at USD 1 billion or more?

a. Tiger
b. Unicorn
c. Sigma
d. Centaur
Answer  Explanation 

ANSWER: Unicorn

Unicorn, a term proposed by venture investor Aileen Lee for describing startups valued at USD 1 billion or more is becoming a buzzword in tech entrepreneurism. Currently, Bengaluru is the unicorn capital of the country, home to 5 of 8 unicorns namely MuSigma, Quikr, InMobi, Ola and Flipkart. New Delhi has the remaining unicorn Indian firms namely Snapdeal, Zomato and Paytm. Worldwide, there are around 140 unicorns valued at USD 503 billion. E-commerce major Flipkart is at the top of the chain in India with a valuation of USD 15 billion. Bengaluru offers a tech first culture and early mover advantage for unicorn startups.