Piyush Goyal's tweet on Kacha Badam, India's Unicorn record goes viral - What he wrote

A tweet by Union Minister of Commerce & Industry Piyush Goyal is going viral after he tweeted a pic on 'Kacha Badam' with respect to great achievement by Indian enterpreneurs - 10 Unicorns in just 53 days.

Taking to Twitter, Piyush Goyal shared a pic and wrote, "Another 'Kacha Badam' becomes 'Pakka'

India adds its Tenth Unicorn in just 53 days."

TWEET BY PIYUSH GOYAL:- 

Another 'Kacha Badam' becomes 'Pakka'

India adds its Tenth Unicorn in just 53 days pic.twitter.com/25RRezpfZF

— Piyush Goyal (@PiyushGoyal) February 23, 2022

Kacha Badam Video: WATCH

In business terms, a unicorn is a privately held start-up company valued at over USD1 billion.

On Tuesday, Nasscom Centre of Excellence for internet of things (IoT) and artificial intelligence (AI) CEO Sanjeev Malhotra had said that the number of start-ups in the country is increasing significantly with 10 per cent being added every year. 

More unicorns are in the making in the country, Malhotra said, adding that the "funding pattern is getting healthier".

The Economic Survey 2021-22 had also mentioned that the number of such firms has grown remarkably over the last six years.

India is home to a total of 91 unicorns with a total valuation of USD 311.77 Bn. Out of the total number of unicorns, 44 unicorns with a total valuation of USD 94.37 bn were born in 2021 and 10 unicorns with a total valuation of USD 21.9 bn were born in 2022.

Hasura, Uniphore Software Systems, XpressBees Logistics, LivSpace, ElasticRun, and Polygon are the newest startups to be added to the Indian unicorn list.

In the list of 91 unicorns, 7 startups have now become Publicly Listed or have been acquired by a Publicly Listed company and 4 startups have lost their Unicorn status due to a valuation degrading event.