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Watch: In A Gaffe, RS Prasad Claims “Unicorn Means $1 Billion Revenue”; Gets Trolled


Former Union Minister Ravi Shankar Prasad, after a gaffe in a television interview, is now being trolled for his definition of ‘Unicorns’. Netizens pointed out that Mr Prasad, while preaching to Rahul Gandhi on the successes of startups during Modi regime, claimed that “Unicorn means, your revenue is $1 billion.”

Earlier, Congress leader Rahul Gandhi had hit out at the BJP over inflation and unemployment in India. He also took swipe at ‘Startup India’ and said that startups Really kicking people out. “Show me where is Startup India.”

Mr Prasad, replying to the Congress leaders’ comments, said in a television interview: “Indian startups are known all over the world. Hundreds of startups have become unicorns. I don’t know whether Rahul Gandhi knows the meaning of unicorn or not.” Mr Prasad, then, goes on to explain what unicorns are. However, he unfortunately gets in wrong. “Unicorn means, your revenue is $1 billion,” said Mr Prasad.

Watch the video here: 

Mr Prasad’s video has now gone viral, with netizens asking him to prepare arguments in advance before claiming anything on television.

In business, a unicorn is a privately held startup company valued at over US$1 billion. The term is used in the context of valuation of the company, and not revenue, as claimed by Mr Prasad.

Congress leader Shashi Tharoor, taking a jibe at the BJP leader, wrote on Twitter: “BJP leaders have difficulty in learning the difference between revenue & valuation. Then they preach to @RahulGandhi, who does know the meaning of “unicorn”, unlike those sent to lecture him about it.”

Congress spokesperson Gaurav Vallabh tweeted, “This gentleman has been the IT and Law Minister of the country for 5 years (2016-21). @rsprasad Ji, UNICORN does not mean your revenue, but your valuation has reached one billion dollars. Now we can understand what would have happened to the IT sector of the country in five years.”

Another Twitter user said a “new definition of unicorn has come to the market”.


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