How Pakistan's only 'unicorn in the making' collapsed - Times of India (2024)

FAQs

Which country has the highest unicorn? ›

The US led with 703 unicorns, followed by China with 340.

On the other hand, Pakistan has only three unicorns in the form of Careem valued at $3.1 billion, Afiniti at $1.6 billion, and Keep Truck in valued at $2.3 billion. However, these companies have either been started by non-resident Pakistanis or are headquartered outside the Country.

The march continued in 2022, as India added 20 more unicorns to the club. From producing its first unicorn in the form of InMobi in 2011 to hitting the century of unicorns in India by 2022, it has been a long and eventful journey for the Indian startup ecosystem.

Startups with a valuation of USD 1 billion or more are called unicorns bеcаusе thеy wеrе once considered rare and mythical, just lіkе thе mythical creature. Thе tеrm was coined by venture capitalist Ailееn Lee in 2013 to describe highly successful and valuable startups.

You probably wouldn't think of a magical horned creature typically seen on children's lunchboxes! But it's true: the unicorn really is the official national animal of Scotland. And our love for this famous mythological creature dates back many centuries.

No, unicorns, which are often depicted as horse-like creatures with a single horn on their foreheads, do not exist in reality on Earth. Unicorns are mythical creatures that have been part of various cultures' folklore, art, and literature for centuries. They are often portrayed as symbols of purity, grace, and magic.

According to data from Forbes as of December 2021, Emerging Markets Property Group, the parent company of Zameen.com, was valued at more than $1 billion. As a result, after Afiniti and KeepTruckin, the combined company became the third unicorn founded by Pakistani entrepreneurs.

A unicorn (in the business world), is a company that reaches a coveted investor valuation of $1 billion. However, Graana.com of IMARAT Group has achieved the improbable, and has become the first homegrown unicorn of Pakistan!

We are the go-to thought leaders on global entrepreneurship, technology, and innovation in our markets At Endeavor Pakistan we aim to unlock the massive potential of the country by developing the entrepreneurial ecosystem and identifying/selecting high-potential founders to super-charge their growth.

Ankiti Bose: India's First Female Unicorn Founder. A unicorn, a startup valued over 1 billion USD, is statistically rare. It becomes even rarer and more special when such a startup is founded by a very young woman entrepreneur from the APAC, especially India.

Who is the youngest unicorn in India? ›

Kaivalya Vohra is the co-founder of Indian grocery company, Zepto. He is the youngest millionaire in India. He is now the youngest founder of a unicorn. He is the CTO of the company.

MUMBAI -- Artificial intelligence startup Krutrim SI Designs became India's first unicorn of 2024, leading to hope that the country will make a recovery from last year's sharp decline in funding.

The correct answer is Open Financial Technologies Pvt Ltd. India got its 100th unicorn when neobanking fintech portal, Open Financial Technologies Pvt Ltd, raised fresh capital to push up its value to over a bn dollars.

Unicorn is the term used in the venture capital industry to describe a startup company with a value of over $1 billion. The term was first coined by venture capitalist Aileen Lee in 2013. Some popular unicorns include SpaceX, Robinhood, and Instacart.

American companies are still dominating the unicorn list in 2023, with 712 companies being based in the United States. This accounts for almost 50% of the total 1,431 current unicorn companies.

SpaceX, Stripe and Databricks were the largest U.S. unicorns as of February 2024, topping a ranking that looks at the market values of American unicorn companies. This ranking is based on estimates provided by multiple sources that looked at company valuations.

Forests are one of the most common and preferred habitats for unicorns, who enjoy the shade, the greenery, and the tranquility of the trees. Forests provide unicorns with plenty of plants and fruits to eat, as well as streams and ponds to drink from.