CURRENT AFFAIRS

Detailed explanation-1: -Bengaluru-based insurtech startup Digit Insurance was the first startup to enter the Indian unicorn club in 2021. The company had raised $18 Mn (INR 135 Cr) from existing investors A(! PArtners, Faering Capital and TVS Capital in January, at a valuation of $1.9 Bn.

Detailed explanation-2: -Startups that entered the Indian unicorn club in 2021 were Flipkart Moglix, BharatPe, CoinDCX, upGrad, Groww, BlackBuck, Droom, OfBusiness, Meesho, Chargebee, CRED, Digit, Gupshup, Infra.

Detailed explanation-3: -1. MakeMyTrip. MMT became the first ever Unicorn in India in 2010.

Detailed explanation-4: -In 2021 itself, India witnessed the birth of 44 unicorns with a total valuation of $ 93 Bn. Bengaluru, Delhi NCR, and Mumbai continue to be the top cities preferred as unicorn headquarters in 2021.

Detailed explanation-5: -5Fire, LivSpace, Lead, Hasura, Amagi, Open, and Oxyzo were the seven startups with female founders to enter the unicorn club in 2022.