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Freshdesk, Grofers and OYO Rooms are next unicorns

Unicorn is a term used for start-ups that has gained valuation of $1 billion (Rs 6600 crore) from investors

BS Reporter Bengaluru
Freshdesk, Grofers and OYO Rooms are among the 50 global firms with the potential to become the next unicorns of the start-up world, according to CB Insights for New York Times.

Unicorn is a term used for start-ups that has gained valuation of $1 billion (Rs 6,600 crore), a benchmark figure for these firms.

Around 130 global start-ups have become unicorns, including from India such as Flipkart, Snapdeal and Ola, Paytm, Zomato and Inmobi. The 131 firms have cumulatively valued at $485 billion.

 

"The exact valuations of the companies are hard to pin down because the start-ups are private and are not required to disclose their finances, but CB Insights determined that they might be on a path toward a $1 billion value through an algorithm that analysed factors including amount of financing raised, employee turnover and social media mentions," the New York Times article said.

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First Published: Aug 26 2015 | 12:29 AM IST

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