Is it true that CredAvenue has become a Unicorn start-up?

CredAvenue, a popular fintech debt market place, is India’s latest Unicorn. Now, Unicorns refer to start-up with billion dollar valuation. CredAvenue had recently raised $137 million led by Insight Partners at an indicative valuation of $1.3 billion. CredAvenue connects enterprises with lenders and investors. Sequoia Capital and Lightspeed Ventures are also early investors in CredAvenue. The start-up has already crossed $12 billion of gross transactions and currently has 2,300 enterprise customers and over 750 lenders.