List of Top Unicorn Startups in India-2021

List of Top Unicorn Startups in India-2021

India is becoming the world's fastest-growing startup ecosystem with around 59 unicorn startups, as per August 12, 2021. In today's world, unicorn startups are not as uncommon as before; however, building a unicorn startup is not easy. It takes a lot of hard work, commitment, and perseverance throughout the startup's journey to climb the ladder of unicorns. And the ones that have bagged the title of unicorns are discussed in this article.

What is a Unicorn Startup?

Unicorn Startup is the consists of two words, "Unicorn" and "Startup". Unicorn is a business term used to define a startup with a valuation of over $1 Billion. The term was coined by a venture capitalist and a seed investor, Aileen Lee. On the other hand, Startups are privately owned companies typically at the early stages of their development.

Top Unicorn Startups in India 2021

Top Unicorn Startup in India
  1. Paytm
  2. OYO Rooms
  3. BYJU'S
  4. OLA Cabs
  5. Swiggy
  6. Zomato
  7. Paytm Mall
  8. Zerodha
  9. ReNew Power
  10. Big Basket
  11. Udaan
  12. BrowserStack
  13. Zeta
  14. Moglix
  15. ShareChat
    FAQs

Paytm

List of Top Unicorn Startups in India-2021
Paytm | India Unicorn Startup 

Paytm is one of the biggest unicorn startups in India. It is among the largest digital payment service providers in India with a market share of 11.63% and is currently in the third position in the list of top UPI apps in India, as recorded in June 2021. The fintech startup is famous for its payment gateway service, which helps consumers to make seamless payments to the seller from their bank accounts. Paytm entered the unicorn club in 2015. Paytm's valuation was over $7 billion, and it has now increased to $16 billion in 2020.

Startup Name Paytm
Headquarters Noida, Uttar Pradesh, India
Industry E-commerce Finance
Founder Vijay Shekhar Sharma
Founded August 2010
Investors Alibaba, Ant Group, AGH Holdings, SAIF Partners, T Rowe Price, Discovery Capital, and Warren Buffett’s Berkshire Hathaway
Products and Services Paytm Mall, Paytm Payments Bank, Paytm Money, Gamepind, Paytm Smart Retail, Payment system, Mobile payments, Online shopping
Valuation $16 billion (June 2021)

OYO Rooms

List of Top Unicorn Startups in India-2021
Oyo Logo | Indian Unicorn Startup

OYO is among the top travel startups in India. Founded by 21-year-old Ritesh Agarwal in 2013, India’s largest hospitality startup comprises budget hotels. The startup works in liaison with existing hotels and offers travelers vacant rooms at a cheaper price. OYO rooms start at a nominal price of Rs. 999. Besides bulk renting hotels, they have also invested in their own properties as well.

Startup Name OYO Rooms
Headquarters Gurgaon, Haryana, India
Industry Hospitality
Founder Ritesh Agarwal
Founded 2013
Investors SoftBank Group, Didi Chuxing, Greenoaks Capital, Sequoia India, Lightspeed India, Hero Enterprise, Airbnb, and China Lodging Group.
Products and Services OYO Rooms, OYO Hotels & Homes
Valuation $9 billion (July 2021)

BYJU'S

List of Top Unicorn Startups in India-2021
BYJU'S Logo | Indian Unicorn Startup

Byju’s is a Bangalore-based edtech platform. It is an online tutoring and coaching firm that started in 2011 and runs on a freemium model. Launched by Byju Raveendran, Byju's is used by more than 15 million students all over the world and has over 900,000 paid subscribers. Byju's Current valuation has reached 16.5 Billion USD.

Startup Name BYJUS
Headquarters Bangalore, Karnataka, India
Industry Edtech, Distance education, M-learning
Founder Byju Raveendran & Divya Gokulnath
Founded 2011
Investors Aarin Capital, BOND
Products and Services BYJU’S - The Learning App
Valuation $16.5 Billion (July 2021)

OLA Cabs

List of Top Unicorn Startups in India-2021
Ola cabs Logo | Indian Unicorn Startup 

Ola Cabs is an Indian ride-sharing company that was launched on 3rd December 2010. As of 2019, Ola has expanded over 1.5 million drivers across 250 cities. Ola has also expanded its network into its first overseas market, Australia, and in New Zealand in September 2018. Ola began its operations in the UK introducing auto rickshaws.

Startup Name Ola Cabs
Headquarters Bangalore, India
Industry Transportation
Founder Bhavish Aggarwal & Ankit Bhati
Founded 3 December 2010
Investors SoftBank Group, Tiger Global, Tencent, Matrix Partners, and DST Global
Products and Services Mobile app, website, Vehicle for hire, Goods and food delivery, Mobile payment and digital wallet
Valuation $6.5 billion (FY20)

Swiggy

List of Top Unicorn Startups in India-2021
Swiggy Logo | Indian Unicorn Startup 

Swiggy is one of the most valuable online food ordering and delivery platforms. Swiggy was founded by Nandan Reddy, Sriharsha Majety, and Rahul Jaimini in 2014. In early 2019, Swiggy expanded into general product deliveries, under the brand name Swiggy Stores. Swiggy today has more than 5,000,000 mobile application installations.

Startup Name Swiggy
Headquarters Bangalore, India
Industry Retail
Founder Nandan Reddy, Sriharsha Majety, and Rahul Jaimini
Founded 2014
Investors Norwest Venture Partners, Naspers, Accel, SAIF Partners, Meituan-Dianping
Products and Services Food delivery
Valuation $5.5 billion (July 2021)

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List of Top Unicorn Startups in India-2021

Zomato

List of Top Unicorn Startups in India-2021
Zomato Logo | Indian Unicorn Startup

Zomato is an Indian food delivery startup restaurant aggregator. Zomato was founded by Deepinder Goyal and Pankaj Chaddah in 2008. Zomato primarily provides concrete information, menus, and user reviews of the restaurants. Along with this, Zomato also has food delivery options from partnered restaurants of the selected cities.

Startup Name Zomato
Headquarters Gurgaon, Haryana, India
Industry Online food ordering and Retail
Founder Deepinder Goyal, Pankaj Chaddah
Founded 2008
Investors Info Edge, Sequoia Capital, Vy Capital, Ant Financial, Baillie Gifford
Products and Services Restaurant Search & Discovery, Online Ordering, Table Reservations & Management, POS Systems, Subscription Services
Valuation $8 billion (July 2021)

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List of Top Unicorn Startups in India-2021

Paytm Mall

List of Top Unicorn Startups in India-2021
PaytmMall | Indian Unicorn Startup 

PaytmMall is a B2C model inspired by China's largest B2C retail platform TMall. PaytmMall was launched by Paytm in 2017.

Startup Name Paytm Mall
Headquarters Gurgaon, Haryana, India
Industry E-commerce Finance
Founder Vijay Shekhar Sharma
Founded 2017
Investors Alibaba, Elevation Capital, SoftBank, eBay
Products and Services Online Shopping
Valuation $3 billion (July 2019)

Zerodha

List of Top Unicorn Startups in India-2021
Zerodha Logo | Indian Unicorn Startup

Zerodha is an Indian fintech startup that offers retail and institutional broking, currencies and commodities trading, mutual funds, and bonds. The Company was founded in the year 2010 in order to achieve the goal of breaking all the barriers traders and investors face in India. Zerodha is headquartered in Bangalore and has a physical presence in several major Indian cities.

In Dec 2020, Zerodha was the largest retail stockbroker in India by active client base and contributes upwards of 15% of daily retail volumes across Indian Stock Exchanges. Zerodha entered the unicorn club in July 2020 with a self-assessed valuation of about $1 billion. This valuation was based on the ESOP buyback exercise the company undertook valuing each share at more than four times the book value of ₹700 per share.

Disruptive pricing models and in-house technology have made Zerodha the biggest stockbroker in India in terms of active retail clients. Over 5+ million clients place millions of orders every day through our powerful ecosystem of investment platforms, contributing over 15% of all Indian retail trading volumes.

Startup Name Zerodha
Headquarters Bangalore, India
Industry Stockbroker
Founder Nithin Kamath and Nikhil Kamath
Founded 2010
Investors Bootstrapped
Products and Services Kite, Coin, Console, Varsity, Equity Trading, Currencies and Commodities Trading, Mutual Funds and Bonds
Valuation $2 billion (June 2021)

ReNew Power

List of Top Unicorn Startups in India-2021
ReNew power Logo | Indian Unicorn Startup 

ReNew Power Limited is an Indian renewable energy company. It is an independent power producer which was founded by Sumant Sinha in 2011. ReNew Power has a pipeline of close to 1400 MW solar and wind projects. It has a current valuation of $8 billion, which makes it one of the most valuable startups in India of 2021.

Startup Name ReNew Power
Headquarters Gurgaon, Haryana, India
Industry Renewable energy
Founder Sumant Sinha
Founded 2011
Investors Sylebra Capital and Goldman Sachs
Products and Services Wind Power, Solar Power, Solar Rooftop Power
Valuation $8 billion (March 2021)

Big Basket

List of Top Unicorn Startups in India-2021
big basket Logo | Indian Unicorn Startup

BigBasket is India's largest online grocery store which was founded by Hari Menon, V.S. Sudhakar, Vipul Parekh, Abhinay Choudhari, and V.S. Ramesh in 2011. It has gained popularity among the Indians and receives over 100,000 orders per day. BigBasket has also launched 3 new businesses BB Daily, BB Instant, and BB Beauty.

Startup Name BigBasket
Headquarters Bangalore, India
Industry Retail
Founder Hari Menon, V.S. Sudhakar, Vipul Parekh, Abhinay Choudhari and V.S. Ramesh
Founded 2011
Investors Alibaba, CDC Group, Ant Financial, Intel Capital, and Berkshire Hathaway
Products and Services Grocery Delivery
Valuation $1.85 billion (March 2021)

Udaan

List of Top Unicorn Startups in India-2021
Udaan Logo | Indian Unicorn Startup

Udaan is a B2B e-commerce platform that provides a wholesale product solution to different vendors in all categories. It was founded by Sujeet Kumar, Amod Malviya, and Vaibhav Gupta in 2016. Udaan is a B2B (Business to Business) marketplace for trade that is working for connecting retailers, wholesalers, traders, and manufacturers using technology as the main tool.

Startup Name Udaan
Headquarters India
Industry E-commerce Supply chain management Business-to-business B2B
Founder Sujeet Kumar, Amod Malviya, and Vaibhav Gupta
Founded 2016
Investors Tencent Holdings, Altimeter Capital, Octahedron Capital, GGV Capital, Moonstone Capital, DST Global, and Lightspeed Venture Partners
Products and Services B2B trade platform
Valuation $3.1 billion (Jan 2021)

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List of Top Unicorn Startups in India-2021

BrowserStack

List of Top Unicorn Startups in India-2021
Startup Name BrowserStack
Headquarters Mumbai, India
Industry Cloud Infrastructure and Software
Founder Ritesh Arora & Nakul Aggarwal
Founded 2011
Investors Insight Partners, Accel and Bond
Products and Services Cloud Web and Software Testing
Valuation $4 Billion (June 2021)

BrowserStack is a cloud net and mobile testing platform, which is used by two million developers around a hundred thirty-five countries. The product's price proposition is to assist groups to fasten up launch cycles and develop websites and mobile app that work seamlessly on any user interface.

The aim is to limit the time, price, and protection overhead related to testing.

More than 25,000 world corporations use BrowserStack, which includes Microsoft, ING, MasterCard, Dow Jones, Garmin, National Geographic, Volvo, NRK, HubSpot, Walt Disney, and AngularJS. BrowserStack has offices work in San Francisco, Mumbai, Dublin, and is privately held and backed by Accel.

Zeta

List of Top Unicorn Startups in India-2021
Startup Name Zeta
Headquarters San Francisco
Industry Fintech
Founder Bhavin Turakhia and Ramki Gaddipati
Founded 2015
Investors Sodexo and SoftBank Vision Fund
Products and Services Banking and Financial Services,
Valuation $1.45 Billion (May 2021)

Zeta is a budgeting app for couples. It integrates personal and shared accounts, which includes banks accounts, loans, and credit cards. Connect your account immediately for automated updates or manually add an account to manage it yourself.

You can see your joint incomes, expenses, and financial savings in one place. It lets you create more than one budget for private and shared expenses. Plus, you can set precise monetary goals for you and your partner, such as saving for a holiday or placing up an emergency fund.

Moglix

List of Top Unicorn Startups in India-2021
Startup Name Moglix
Headquarter India
Industry Intrnet
Founder Rahul Garg
Founded 2015
Investors Tiger Global Management,Composite Capital Management, Sequoia Capital India and Harvard Management Company
Products and Services B2B Trade Platform, e-commerce, Mobile, Supply Chain Network
Valuation $1 Billion (June 2021)

Moglix, a B2B e-commerce startup ambitions to digitally change the chain of manufacturing areas in India. Moglix wants to digitize and seriously change every component of the delivery chain, and B2B commerce which is unorganized and increases options to seriously change the grant chain via technology.

Moglix, presently serves the manufacturing sector,  institutional clients (B2B), and private clients (B2C). The automotive sector, metals and mining, and FMCDs are the best three sectors they cater to.

ShareChat

List of Top Unicorn Startups in India-2021
Startup Name ShareChat
Headquarter Bangalore, India
Industry Internet, Mobile Apps, Social Media, Social Network
Founder Ankush Sachdeva, Bhanu Pratap Singh, and Faris Ahsan
Founded 2015
Investors Lightspeed Venture Partners, Tiger Global Management, Twitter Ventures, SAIF Partners, Shunwei Capital, and Xiaomi
Products and Services Social Networking and Regional Contents
Valuation $3 Billion (July 2021)

ShareChat is an Indian video-sharing Social networking service, developed via Mohalla Tech Private Limited in the year 2015 established by Ankush Sachdeva. The company is headquartered in Bengaluru, Karnataka, and nowadays employs nearly one hundred eighty employees as of 2019.

ShareChat App acts as content consumption and sharing platform solely in Indian vernacular languages to cater to over 1.17 billion wi-fi customers of India. ShareChat enabled user-generated content creation on its platform, permitting customers to share their very own posters and innovative content.

And this is not the end of the story. There are many new entrants to this unicorn club. Multiple startups strive hard to reach the top 10 unicorn startups but only a few make it to the top. India is the third-largest startup ecosystem in the world. It can be said that India is the future of great startups.

FAQs

What is the meaning of a Unicorn startup?

Startups with a valuation of over $1 Billion are known as Unicorns.

How many unicorns are there in India?

There are around 59 unicorns in India.

Which is India's first unicorn startup?

InMobi, Bangalore based multinational mobile advertising technology company, founded in 2007 is the first to enter the unicorn club. InMobi became the first unicorn in 2011.

Is Nykaa a unicorn?

Nykaa entered the unicorn club in 2020.

Which country has the most unicorns?

The United States is at the top of the list with 288 unicorns.

What is the obsession with unicorn startups?

At that instance, the value of the company is $ 1 billion.

Which are the top Indian unicorns?

  • Zomato
  • Nykaa
  • PolicyBazaar
  • Oyo
  • Ola
  • Paytm
  • Swiggy
  • Byju's
  • FirstCry
  • Lenskart

Is Zerodha a unicorn?

Yes, Zerodha entered the unicorn club in 2020 with a valuation of about $1 billion.

Which Indian startups became unicorns in 2020?

  • Pine Labs
  • FirstCry
  • Nykaa
  • Unacademy
  • Zerodha
  • Razorpay
  • Postman
  • Cars24
  • Dailyhunt
  • Glance InMobi

Which Indian startups became unicorns in 2021?

  • BrowserStack
  • Moglix
  • PharmEasy
  • CRED
  • Meesho
  • Urban Company
  • Digit Insurance
  • Groww
  • Gupshup
  • Chargebee
  • Zeta
  • Infra.Market
  • Innovaccer
  • Five Star Business Finance

Author: Arbaz Sayed

Source : https://startuptalky.com/top-unicorn-startups-india/


Date : 2021-08-12T11:51:00.000Z

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