__________ became India’s first sports unicorn with its market cap having touched a high of Rs.7,600 crores as of 30 January 2022.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Chennai Super Kings
- Chennai Super Kings became India’s first sports unicorn by reaching a market capitalization of ₹7,600 crores, reflecting its significant commercial success, strong brand value, and the overall growth of the IPL as a major sporting and entertainment league.
- This milestone underscores the increasing financial value of sports franchises in emerging markets.
- Unicorn:
- In business terminology, a unicorn is a privately-held startup company valued at over $1 billion.
- The term is often used to denote high-growth and high-value companies in the tech and startup ecosystems. When applied to a sports entity, it signifies that the franchise has reached a similar valuation milestone.