The term unicorn, in the financial world, is meant for a privately-held startup worth more than $1 billion. 

The term was coined, in 2013, by the renowned US seed funder for software entrepreneurs and founder of Cowboy Ventures, Aileen Lee. She is said to have used ‘unicorn’  in a Techcrunch article to capture the rarity and delight in finding such successful ventures in the world of business. 


Indian unicorns include Flipkart, Ola Cabs, Swiggy, Zomato, Byju’s, Billdesk.