This week, India recorded its 100th startup unicorn, or privately held company with a value of $1 billion or more, its 15th since this year.

Bangalore-based neobanking platform Open, raised $50 million in a Series D funding round led by IIFL Finance at a valuation of $1 billion, making it the country's 15th unicorn in 2022, and its 100th startup unicorn.

The fintech startup, launched in May 2017, enables businesses to manage their finances effectively. The latest round brings Open's total amount raised to date to $190.8 million, according to Crunchbase data.