BENGALURU: India has seen a record number of unicorns (startups valued at $1 billion or more) being created in 2020. On Tuesday, two companies Glance and Dailyhunt turned unicorns, taking the year’s total to 11. In 2019, nine ventures became unicorns, and in the year before, it was eight.

The year began on a cautionary note, with marquee venture capital<\/a> firm Sequoia Capital<\/a> warning of the possibility of a ‘black swan’ like event due to the pandemic. But the large amounts of money that central banks globally have been releasing to revive their economies have ensured the opposite.

InMobi Group’s Glance, which provides dynamic content on the lock screens of Android phones, on Tuesday announced it has raised $145 million from Google<\/a> and existing investor Mithril Capital<\/a>, an investment fund of Peter Thiel, who co-founded PayPal and Palantir Technologies. A source close to the company told TOI that the funding values Glance at over $1 billion. This also puts Naveen Tewari, who founded InMobi in 2007 and Glance in 2019, among the few who have created more than one unicorn. InMobi, a mobile advertising platform, turned a unicorn when SoftBank<\/a> invested $200 million in the company in 2011.