Last week there was an article in the newspapers talking about the instant messenger ‘Hike’ getting another round of funding & becoming the next Indian Unicorn . But what exactly is a Unicorn ? So this weekend’s GK Nugget is going to simplify the start up space & Unicorns. Originally , a unicorn is a legendary horse-like creature that has a large, pointed, spiraling horn projecting from its forehead. But the tech world uses the term to describe technology start ups which have a value of over a billion US dollars – which means if you had to buy the company, it would cost you that amount (The sales or profits of the company are not to be confused with its valuation – those are separate numbers.) India has a total of 10 companies that are considered Unicorns: Flipkart, Snapdeal, Shopclues, MuSigma, PayTm, Zomato, Ola, Quikr, InMobi & the latest addition, Hike . According to CB Insights (a venture capital database) there are 170 Unicorns in the wo...