Unicorns Are Becoming Less Rare In The Startup World

Kik is a messaging app that connects more than 200 million people around the globe and is particularly popular among teens in the United States and Canada. Last week, the Canadian company that develops it, Kik Interactive, got $50 million in funding from Chinese investor Tencent Holdings Ltd TCTZF/TENCENT HOLDINGS ADR TCEHY, becoming one of the latest member of the Unicorn Club – the private company is now valued at more than $1 billion by venture-capital firms.

In a recent article published on Statista, Data Journalist Felix Richter noted that, while in the past, only a few startups managed to reach a valuation of $1 billion, this has become more common in recent years, with several young tech companies reaching “Unicorn” status.

According to The Wall Street Journal and the Dow Jones VentureSource’s “The Billion Dollar Startup Club” list, there are currently 115 private companies valued at $1 billion or more, up from barely more than 40 in early 2014.

Related Link: The World's Most Valuable Startups

The fate of these companies still remains to be seen, but one thing is certain: Unicorns are proliferating quite fast and becoming less unique. But, are their valuations justified? Or is a market correction coming?

Check out the list of the world’s top 10 startups below, and some additional information about them in the article linked above.