Race to $1 bn: Which Indian startup was the fastest to get unicorn status?

Venture capital and private equity investors have pumped billions of dollars into the Indian startup ecosystem over the past few years, producing more than a dozen unicorns in the process. E-commerce venture Paytm Mall became the newest member of the unicorn club when it raised $445 million last month from Japanese behemoth SoftBank and Chinese e-commerce giant Alibaba. The investment valued the entity at around $1.9 billion. In the process, Paytm Mall also became the fastest Indian startup to reach unicorn status, taking less than two years to achieve the feat.

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