This is not all. PGA Labs, the market research unit of
Praxis Global Alliance, states in a recent report that over 45 start-ups are
likely to enter the unicorn club in the near future. According to research firm
Tracxn, nearly 45 per cent of ‘soonicorns’—or companies about to reach the
coveted $1 billion valuation—were created in 2021.
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