Q. What is the valuation limit for a ‘Decacorn’ company?
Answer:
USD 10 billion
Notes: A Decacorn is a company whose valuation crosses the milestone of USD 10 billion. Food-Delivery Giant Swiggy has raised USD 700 million in Invesco-led new funding, which has made it a decacorn, doubling its valuation to USD 10.7 billion.
Another Food Delivery Leader Zomato was valued at $5.4 billion before its recent IPO. Budget hospitality company Oyo’s valuation is at USD 9 billion in 2021. The Top 3 positions are held by Flipkart, Byju’s and Paytm.