Explanation:

Both statements 2&3 are incorrect.

• A unicorn is any privately owned firm with a market capitalization of more than USD 1 billion.
• It denotes new entities dedicated to offering creative solutions and new business models, among other things.
• Mostly, all the unicorns have brought a disruption in the field they belong to, for example, Uber transformed commuting. 
• One unicorn means a startup of at least Rs 7,500 crore turnover. The total valuation of these unicorns is USD 330 billion, that is over Rs 25 lakh crore.
• There are several categories like fintech, Edtechs, B2B (Business-to-Business) companies to which the Unicorns may belong (but they are not essentially Unicorns).
• A recent report suggests that 87% of the unicorns’ products are software, 7% are hardware and the remaining 6% are other products & services.
• The average annual growth rate of Indian unicorns is more than that of the U.S., the U.K. and many other countries.
• Most of the unicorns are privately owned, which gets their valuation bigger when an established company invests in it.