According to the Hurun Global Unicorn List 2021, Paytm Mall, the e-commerce wing of billionaire Vijay Shekhar Sharma's Paytm, lost its unicorn designation this year as its valuation slipped below $1 billion. According to Hurun, the firm was valued at $3 billion in 2020. Paytm Mall, which began as a hyperlocal offline-to-online (O2O) firm in 2016, has now grown to become a unicorn.
