Time Taken to Turn Unicorn
Fastest to turn Unicorn - Ola Electric which is an offshoot of Ola saw its valuation rise from $1,300 to $1 Billion in a span of 2 months.
Paytm Mall which is an offshoot of Paytm became a Unicorn within 24 months.
Udaan is the fastest startup to have started from scratch and reach the Billion Dollar mark in 25 months.
Median time taken for startups to turn into unicorns is 7 years.
This article is a part of the June'20 edition of our Startup Newsletter. Here's the complete publication: