Only 9 startups became unicorns in Q3 2016
During the third quarter of this year, only nine startups became unicorns or billion-dollar ventures, including Hike messenger, founded by Sunil Bharti Mittal's son Kavin Bharti Mittal. During the period, 35 unicorns raised a collective $8.38 billion from 38 funding events compared to $17 billion funding through 61 events last year. While one startup went for IPO, two were acquired.