Separating fact from fiction: how many unicorns does India really have?

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Last week, Perfios, a startup offering software-as-a-service (SaaS) solutions, entered the much-coveted unicorn club after raising $80 million from late-stage investor Ontario Teachers’ Pension Plan’s arm Teachers’ Venture Growth. A unicorn is a company that has attained the psychologically important milestone of a $1 billion valuation and going by the traditional ......