India is becoming the world's fastest-growing startup ecosystem with over 60 Unicorn Startups, as of 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.
Unicorn Startup 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. On this note, know in detail - What Makes A Unicorn Startup & How To Build One.
India witnessed 24 Startups entering the Unicorn Club in 2021 till now & the list awaits more. Startups that entered the Indian unicorn club in 2021 are BharatPe, CoinDCX, upGrad, MindTickle, Droom, OfBusiness, BlackBuck, Chargebee, CRED, Digit, Groww, Gupshup, Infra.Market, Five Star Business Finance, Innovaccer, Meesho, Pharmeasy, Sharechat, Urban Company, Moglix, Zeta, Eruditus, Zetwerk and BrowserStack. Know more about these Indian Unicorn Startups in the article ahead.
Here we have listed the Top 62 Unicorn Companies to date! Don't miss out on the regular updates in this list by bookmarking the article.
Top Unicorn Startups in India as of 2021
- BharatPe
- Mindtickle
- upGrad
- coinDCX
- Zetwerk
- Blackbuck
- Droom
- OfBusiness
- ShareChat
- PharmEasy
- CRED
- Meesho
- Urban Company
- Infra Market
- Digit Insurance
- Innovaccer
- Five Star Business Finance
- Groww
- Gupshup
- Eruditus
- Chargebee
- Zeta
- Moglix
- BrowserStack
- Paytm
- OYO Rooms
- BYJU'S
- OLA Cabs
- Swiggy
- Zomato
- Paytm Mall
- Zerodha
- ReNew Power
- BigBasket
- Udaan
- Ola Electric
- Mohalla Tech
- MakeMyTrip
- Nykaa
- Policybazaar
- FirstCry
- Lenskart
- Grofers
- Glance, Inmobi
- InMobi
- Dailyhunt
- Zenoti
- PhonePe
- Cars24
- RazorPay
- Unacademy
- Postman
- Pine Labs
- CitiusTech
- Icertis
- Druva
- Rivigo
- Dream11
- Delhivery
- Billdesk
- Freshworks
- Mu Sigma
BharatPe
| Startup Name | Bharatpe |
|---|---|
| Headquarters | 2018 |
| Industry | Payments platform, Fintech, Financial Services |
| Founders | Ashneer Grover, Bhavik Koladiya, Shashvat Nakrani |
| Founded | 2018 |
| Investors | Steadfast Capital, Coatue, Dragoneer, Sequoia |
| Products and Services | Payments App |
| Valuation | $2.85 Billion |
BharatPe is an Indian digital payments app, merchant aggregator, and payments platform that encourages digital payments via QR and POS. It is not a government company but a private limited company that goes by the name, Resilient Innovations Private Limited. Headquartered in New Delhi, India, the company tripled its valuation to $2.85 billion and joined the unicorn club on August 4, 2021.
Mindtickle
| Startup Name | Mindtickle |
|---|---|
| Headquarters | San Francisco, California, U.S |
| Industry | Saas, Enterprise software |
| Founders | Deepak Diwakar, Krishna Depura, Mohit Garg, Nishant Mungali |
| Founded | 2011 |
| Investors | Softbank Vision Fund, Qualcomm Ventures |
| Products and Services | Enterprise software |
| Valuation | $1.2 billion (August 2021) |
Mindtickle is a sales readiness platform founded in 2011, which helps in onboarding, product training, coaching, and ongoing readiness. The company offers a vital sales solution to the fast-growing startups to prepare their sales team in a scalable and effective way. Mindtickle was founded in 2011 and turned a unicorn on August 6, 2021, with the influx of $100 mn in Series E funding led by Softbank Vision Fund II.
upGrad
| Startup Name | upGrad |
|---|---|
| Headquarters | Mumbai, Maharashtra, India |
| Industry | Edtech, E-learning |
| Founder | Mayank Kumar, Phalgun Kompalli, Ravijot Chugh, Ronnie Screwvala |
| Founded | 2015 |
| Investors | IIFL, Temasek Holdings |
| Products and Services | Learning courses and materials |
| Valuation | $1.2 bn (August 2021) |
upGrad is an online coaching program for all students opting for higher education. Partnering with some of the top universities of the world, upGrad brings a wide range of industry-ready courses including Bachelor's degrees, MBA, Data Science, and Machine Learning courses, and more. The company has grown to attain unicorn status on August 6, 2021, with the help of a $185 million fundraise.
CoinDCX
| Startup Name | coinDCX |
|---|---|
| Headquarters | Mumbai, Maharashtra, India |
| Industry | Cryptocurrency, Blockchain, Fintech |
| Founder | Neeraj Khandelwal, Sumit Gupta |
| Founded | 2018 |
| Investors | B Capital Group, Polychain |
| Products and Services | Cryptocurrency buying, selling and exchange services |
| Valuation | $1.1 billion |
CoinDCX is an Indian cryptocurrency exchange aggregator based in Mumbai. The company specializes in crypto-enabled financial services. CoinDCX aims to develop financial services without any borders to enable a simpler and seamless flow of capital powered by impregnable security. CoinDCX raised $90 million in Series C funding to emerge as a unicorn. Thus, the company became India’s first cryptocurrency unicorn.
Ansh Mehrey
Zetwerk
| Startup Name | Zetwerk |
|---|---|
| Headquarters | Bengaluru, Karnataka, India |
| Industry | B2B, Marketplace, Consumer goods |
| Founders | Amrit Acharya, Rahul Sharma, Srinath Ramakkru shnan, Vishal Chaudhary |
| Founded | 2018 |
| Investors | IIFL, Accel, Sequoia Capital |
| Products and Services | Manufacturing and supply chain systems |
| Valuation | $600 mn (February 2021) |
Zetwerk emerges as a B2B marketplace for manufacturing items. The online marketplace based out of Bengaluru connects large manufacturing companies with the vendors and suppliers, who help them get various components of industrial tools and machinery that they require from time to time. The company joined the unicorn club on August 20, 2021, and became India’s youngest billion-dollar company.
Blackbuck
| Startup Name | Blackbuck |
|---|---|
| Headquarters | Bangalore, India |
| Industry | Logistics, Transportation |
| Founders | Chanakya Hridaya, Rajesh Yabaji, Ramasubramaniam B |
| Founded | 2015 |
| Investors | Trifecta Capital Advisors, Sequoia, Accel, InnoVen Capital |
| Products and Services | Trucks, logistics and transportation services for shippers and fleet operators |
| Valuation | $1.02 billion(August 2021) |
Blackbuck is a truck aggregator and one of the largest truck aggregators operating in India that aims to solve the transportation and logistics problems of countless Indians. Today, Blackbuck boasts of being the largest trucking network in India that is equipped with freight and fleet management technology platforms.
The company currently has a collection of 12,00,000+ trucks and extends its services to over 2000 locations with 15,000+ happy clients.
Droom
| Startup Name | Droom |
|---|---|
| Headquarters | Haryana, India |
| Industry | Automotives, B2B, Marketplace |
| Founder | Sandeep Aggarwal |
| Founded | 2014 |
| Investors | Lightbox, Toyota Tsusho, SevenTrain Ventures, Integrated Capital |
| Products and Services | Marketplace for used cars, bikes, scooters and other merchandise |
| Valuation | $1.2 billion(August 2021) |
Droom is a marketplace for used cars, bikes, scooters, and other automotive, along with other products and merchandise. Powered by cutting-edge data science technology, the company helps its customers to buy and sell automobiles and other products seamlessly.
Droom has around 600K automobiles and dominating with a massive 80% market share of the automobile transactions online, Droom is India’s largest automobile platform online and is counted among the biggest E-Commerce companies of the country.
Also read: 31 Automobile & Car-related Business Ideas to start in 2021
OfBusiness
| Startup Name | OfBusiness |
|---|---|
| Headquarters | Haryana, India |
| Industry | Building Materials, FinTech |
| Founders | Asish Mohapatra, Bhuvan Gupta, Chandranshu Sinha, Nitin Jain, Ruchi Kalra, Srinath Ramakkrushnan, Vasant Sridhar |
| Founded | 2015 |
| Investors | Falcon Edge Capital, Softbank, Matrix Partners |
| Products and Services | Raw materials for SMEs |
| Valuation | $1.5 billion (June 2021) |
OfBusiness or OFB Tech, as it is often referred to, is a raw material procurement and credit platform for SMEs. The company focuses primarily on the manufacturing and construction industries. OfBusiness leverages state-of-the-art technology to integrate the same to the buying behaviors of the SMEs. This way it makes better products available at better prices and in the right timelines.
ShareChat
| 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, Bhanu Pratap Singh, and Farid Ahsan. The company is headquartered in Bengaluru, Karnataka.
ShareChat App acts as a content consumption and sharing platform solely in Indian vernacular languages to cater to over 1.17 billion wi-fi customers of India. The company offers features such as messaging, sharing different kinds of media, tagging, etc. ShareChat enabled user-generated content creation on its platform, permitting customers to share their very own posters and innovative content. The company also has 400 plus employees and more than 50 million creator communities. The company went on to raise $500 million from investors that increased its valuation to $3 billion.
PharmEasy
| Startup Name | PharmEasy |
|---|---|
| Industry | Healthcare and Online Pharmacy |
| Founder | Mikhil Innani, Dharmil Sheth and Dhaval Shah |
| Founded | 2015 |
| Investors | B Capital, Prosus, Temasek, Think Investments, Tiger Global, A Velumani, etc. |
| Products and Services | online pharmacy, medicines, healthcare products, diagnostic test, etc. |
| Valuation | $1.8 billion (June 2021) |
PharmEasy is an online healthcare delivery platform that was founded by Mikhil Innani, Dharmil Sheth, and Dhaval Shah in 2015. The company has its headquarters in Mumbai Maharashtra and is currently is the leading online healthcare aggregator in India. Besides selling medicines online, the platform also helps connect patients with the closest local pharmacy and diagnostic center based on their medical needs. It delivers medicines in over 1000 plus cities and across 22,000 pin codes. PharmEasy claims to have delivered more than 1.5 crore orders and has over one lakh medicines available on its website.
CRED
| Startup Name | CRED |
|---|---|
| Industry | Financial Technology |
| Founder | Kunal Shah |
| Founded | 2018 |
| Investors | Falcon Edge Capital, Coatue Mnagement LLP, Insight Partners, Tiger Global, RTP Global, DST Global, Greenoaks Capital, etc. |
| Products and Services | Rentpay, CRED Stash, Store, Credit Card Payments and Cred Pay |
| Valuation | $2.2 billion (April 2021) |
CRED is an upcoming Fintech startup that was started by Kunal Shah in 2018. The company has its headquarters in Bengaluru, Karnataka, and is known for its app that allows users to make credit card payments and even get rewarded. Besides rewards, CRED also gives its customers access to a wide range of additional services such as credit and a premium catalog of products from top brands. So far the platform has over 5.9 million users and has processed about 20% of all credit card bill payments in the country. CRED services are divided into five major products which are CRED RentPay, CRED Cash, CRED Pay, CRED Store and CRED Travel Store. Know the Business Model and Revenue Model of this unicorn company, CRED in detail.
Meesho
| Startup Name | Meesho |
|---|---|
| Industry | E-commerce |
| Founder | Vidit Aatrey and Sanjeev Barnwal |
| Founded | 2015 |
| Investors | Softbank, Facebook, Prosus Ventures, Shunwei Capital, venture highway and Knollwood Investment |
| Products and Services | Clothes, cosmetics, household items, etc |
| Valuation | $3.5 billion (July 2021) |
Meesho is a popular Indian social E-commerce company that was founded in 2015 by batch mates, Vidit Aatrey and Sanjeev Barnwal. The company has its headquarters in Bengaluru Karnataka, while it became a Unicorn company because it helps small and medium businesses or even individuals to start their online stores through social media apps like Facebook, Instagram and Whatsapp. Meesho also has an online reselling website and app that allows people to sell their products without investments. So far it is known to have 2.6 million resellers across the country. Know more about Meesho Business Model & Revenue Model.
Urban Company
| Startup Name | Urban Company |
|---|---|
| Industry | Home Services |
| Founder | Abhiraj Bhal, Varun Khaitan and Raghav Chandra |
| Founded | 2014 |
| Investors | Prosus Ventures, Dragoneer, Wellington Management, Vy Capital, Tiger Global, and Steadview |
| Products and Services | professionals for cleaning, beauticians, masseurs, carpenters, etc |
| Valuation | $2.1 billion (June 2021) |
Urban Company is said to be Asia’s largest home services company as it is an all-in-one platform that helps users find professionals for different home services. The platform has its headquarters in Gurgaon and offers professional home cleaning services to beauticians, masseurs, and even carpenters. Urban Company was founded in 2014 by Abhiraj Bhal, Varun Khaitan, and Raghav Chandra, while the platform currently has served over 5 million customers across India, Dubai, Abu Dhabi, Sydney, and Singapore. As of 2021, it is also known to be the UAE's largest home services company.
Infra Market
| Startup Name | Infra Market |
|---|---|
| Industry | Building material |
| Founder | Souvik Sengupta |
| Founded | 2016 |
| Investors | Nexus Venture Partners, Foundamental, Tiger Global, Accel Partner |
| Products and Services | Construction Materials, Infrastructure, and Heavy Equipment Rental |
| Valuation | $2.5 billion (August 2021) |
Infra Market is one of the best construction solutions companies and an online procurement marketplace that uses technology to provide an enhanced procurement experience. The company provides its services to the real estate and construction materials industry. The company was started by Souvik Sengupta in 2016 with its headquarters based in Thane, Maharashtra. Infra Market specializes in manufacturing Construction Materials, Infrastructure, and Heavy Equipment Rental for all the sectors of a construction ecosystem. They cater to both institutional customers and the construction materials sector to build their projects.
Digit Insurance
| Startup Name | Digit Insurance |
|---|---|
| Industry | Insurance |
| Founder | Kamesh Goyal |
| Founded | 2017 |
| Investors | Sequoia Capital, IIFL Alternate Asset Managers, Fearing Capital, TVS Capital, etc |
| Products and Services | Insurance for Car, Health, employee, 2 Wheeler, 3 Wheeler, etc. |
| Valuation | $3.5 billion (July 2021) |
Digit Insurance is one of the top general insurance companies offering health, car, bike, and travel insurance. The company was founded in 2016 by Kamesh Goyal and has its headquarters in Bengaluru, Karnataka. The company is popular for Go Digit Mobile Insurance is tailor-made mobile insurance that covers damages related to different mobiles or Smartphones such as accidental damage, etc. Digit Insurance was the first Indian Unicorn of 2021 and has been successful in less than 4 years.
Innovaccer
| Startup Name | Innovacer |
|---|---|
| Industry | Healthcare |
| Founder | Sandeep Gupta |
| Founded | 2014 |
| Investors | Steadview Capital, Dragoneer, B Capital Group, Mubadala Capital Microsoft Venture Funds. |
| Products and Services | Clinical Integration, Health Management, Big data analytics, Quality Reporting, Healthcare data platform |
| Valuation | $1.3 billion (February 2021) |
Innovacer is one of the top Healthcare companies that is known for its top-notch healthcare services and products that are done through pioneering analytics and accurate data. Innovacer was founded in 2014 by Sandeep Gupta and has its headquarters in San Francisco and has head offices in India and America. Innovacer products are available in over 500 locations and it also has more than 10,000 providers. The company has helped thousands of institutions, governmental organizations, hospitals, clinics, and healthcare organizations such as Mercy ACO, StratiFi Health, Catalyst Health Network, and Osler Health Network.
PV Vyshnavi
Five Star Business Finance
| Startup Name | Five Star Business Finance |
|---|---|
| Industry | Financial Services |
| Founder | V.K Ranganathan |
| Founded | 1984 |
| Investors | Sequoia Capital India, Norwest Venture Partners, KKR, TVS Capital, Matrix Partners |
| Products and Services | Small Business Loans, Mortgage Loans, Home Loans, Property Loans |
| Valuation | $1.4 billion (March 2021) |
Five Star Business Finance (FSBF) is one of the oldest Indian investment firms that was started by V.K Ranganathan in 1984. The company provides different kinds of loans like Small Business Loans, Mortgage Loans, Home Loans, Property Loans, among others. The company has been making strides in the financial industry over the last three decades. Five Star Housing Finance Private Limited which is the company’s subsidiary is designed to help their clients with small housing loans.
Groww
| Startup Name | Groww |
|---|---|
| Industry | Financial Technology |
| Founder | Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh |
| Founded | 2017 |
| Investors | Sequoia Capital, Ribbit Capital, YC Continuity, Kauffman Fellows, Insignia Venture Partners and Propel Venture Partners |
| Products and Services | Stock broking services, direct mutual funds, IPO, ETF, digital gold |
| Valuation | $1 billion (May 2021) |
Groww is one of the most popular online investments platforms in India. The company was started in 2017 by Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh. The company has its headquarters in Bengaluru, Karnataka and has so far raised over $14 million as of April 2021. This mutual fund investments platform started out by offering wealth management and currently offers direct investments in mutual funds, stocks, digital gold, and exchange-traded funds, among others. The parent company of Groww is Nextbillion Technology.
Gupshup
| Startup Name | Gupshup |
|---|---|
| Industry | Software |
| Founder | Beerud Sheth |
| Founded | 2004 |
| Investors | Tiger Global Management Llc, Think Investments, Malabar Investments, Harbor Spring Capital, White Oak , Fidelity Management |
| Products and Services | Chatbots |
| Valuation | $1.4 billion (July 2021) |
Gupshup is an upcoming Software company that provides services such as SMS, email, voice, IP messaging. Gupshup company operates in India, America and UK and is known for its chatbox development services to retail and eCommerce companies. The company developed a smart messaging app called Teamchat and handles over 6 million messages every month. Gupchut is one of the first companies to launch the chatbot building platforms known as gupshup.io which currently offers its services to over 30,000 developers. The platform also has 30,000 chatbots across 22 different social media channels.
Eruditus
| Startup Name | Eruditus |
|---|---|
| Headquarters | Mumbai, Maharashtra, India |
| Industry | Edtech, Education |
| Founder | Ashwin Damera, Chaitanya Kalipatnapu |
| Founded | 2010 |
| Investors | Accel, Softbank Vision Fund, Prosus Ventures |
| Products and Services | Education, E-learning |
| Valuation | $2.5 billion |
Eruditus is an Edtech platform headquartered in Mumbai. Founded in 2010, the company collaborates with the leading universities from across the globe in order to make executive education accessible globally. Eruditus Executive Education boasts of partnering with over 30 universities with a collection of more than 100 courses that extends to the students of around 80 countries. The company has recently turned into a unicorn with a $650 million fundraise as part of its series E funding round!
Chargebee
| Startup Name | Chargebee |
|---|---|
| Industry | Financial services |
| Founder | Krish Subramanian |
| Founded | 2011 |
| Investors | Sapphire Ventures, Tiger Global, Insight Venture Partners |
| Products and Services | invoicing, taxes, SaaS metrics, accounting and customer management. |
| Valuation | $1.4 billion (April 2021) |
Chargebee is a SaaS Company with its headquarters in San Francisco, California. The company specializes in providing subscription and recurring billing based SaaS and E-commerce services like invoicing, taxes, SaaS metrics, accounting and customer management. The company also supports over 100 currencies and numerous well-known payment gateways such as Stripe, Braintree, WorldPay and PayPal. The SaaS startup has gathered 3,000 customers most of whom are from America, Europe, and India.
Zeta
| Startup Name | Zeta |
|---|---|
| Industry | Financial Technology |
| Founder | Bhavin Turakhia and Ramki Gaddipati |
| Founded | 2015 |
| Investors | SoftBank, Avendus Capital, Sodexo, Directi . |
| Products and Services | cloud-native, API-first neo-banking and other Fintech services. |
| Valuation | $1.45 billion (May 2021) |
Zeta is a financial technology company that provides a full-stack, cloud and API first neo banking services. The Fintech Company was founded in 2015 by Bhavin Turakhia and Ramki Gaddipati with its headquarters based in Los Angeles, California, and has head offices in India. It is known for its Omni stack that includes modern credit and debit processing, BNPL, banking, and mobile experiences. The company products are used by banks like RBL Bank, IDFC First Bank, and Kotak Mahindra Bank, along with 14000 corporates. So far Zeta has over 2 million users with over one million transactions per day.
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
| Startup Name | Moglix |
|---|---|
| Headquarter | India |
| Industry | Internet |
| 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 is an Asia-based B2B E-commerce company that was founded by Rahul Garg in 2017. The company has its headquarters in Singapore and head offices in India. The 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. The platform provides Industrial products and services such industrial products and services such as Safety equipment, Electrical and Lighting products, Cleaning and Laundry products, Office Supplies, Industrial Tools, among others. Moglix is one of the most trusted eCommerce sites for industries as it is known to deliver world-class services worldwide. So far the company has 150,000 industry essential products from 30 different categories and 25,000 SME clients.
BrowserStack
| 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.
Vibhavari Madki
Paytm
| 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) |
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.
OYO Rooms
| 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) |
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.
BYJU'S
| 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) |
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. Know in detail about BYJU's business and revenue model.
OLA Cabs
| 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) |
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.
Also Read: Everything You Need To Know About Ola Electric Scooters
Swiggy
| 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) |
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.
Arbaaz sayed
Zomato
| 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) |
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. Curious how this food delivery unicorn startup survived the pandemic? Read the case study here.
Devashish Shrivastava
Paytm Mall
| 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) |
PaytmMall is a B2C model inspired by China's largest B2C retail platform TMall. PaytmMall was launched by Paytm in 2017.
Zerodha
| 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) |
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. Know why is Zerodha not raising funds for its operation?
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.
ReNew Power
| 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) |
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.
BigBasket
| 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) |
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. Here's something that might interest you - JioMart VS BigBasket: Top Contenders Of Online Grocery Market
Udaan
| Startup Name | Udaan |
|---|---|
| Headquarters | India |
| Industry | E-commerce, Supply chain management, 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) |
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.
Ola Electric
| Startup Name | Ola Electric |
|---|---|
| Industry | Automotive |
| Founder | Ankit Jain and Anand Shah |
| Founded | 2017 |
| Investors | SoftBank, Tiger Global, Ratan Tata, Hyundai Motors, Matrix Partners, Tiger Global and The Munjal Family. |
| Products and Services | electric two and tree wheeler vehicles. |
| Valuation | $1 billion (January 2021) |
Ola Electric is a brainchild of Ola which is currently one of the largest ride-hailing companies. Ola Electric is a tech mobility startup and provides transit services. Besides that, the company also offers a platform to work with driver-partners, vehicle manufacturers, battery companies and also advancing into making future technology for daily mobility. The company was founded in 2017 by Ankit Jain and Anand Shah and has its headquarters in Bengaluru, Karnataka. Ola Electric is also known to be the fastest unicorn after Udaan.
Mohalla Tech
| Startup Name | Mohalla Tech |
|---|---|
| Industry | Software |
| Founder | Ankush Sachdeva, Farid Ahsan and Bhanu Singh |
| Founded | 2015 |
| Investors | Lightspeed Ventures, Tiger Global, Twitter, India Quotient, |
| Products and Services | MOJ and Sharechat |
| Valuation | $2.1 billion (July 2021) |
Mohalla Tech is a software company that was founded by Ankush Sachdeva, Farid Ahsan and Bhanu Singh in 2015. The company has its headquarters in Bengaluru, Karnataka, and is known for its platform which is MOJ and Sharechat. Mohalla Tech designs and develops social media platforms for sharing various quotes, videos, images, and news content. Currently, Moj and Sharechat are known to have a combined user of 340 million. According to some reports, an average user will spend over 34 minutes on the MOJ platform every day, which also gets 4.5 million views every day.
MakeMyTrip
| Startup Name | MakeMyTrip |
|---|---|
| Industry | online travel |
| Founder | Deep Kalra |
| Founded | 2000 |
| Investors | Prosus & Nasper, Sierra Ventures, Helion Venture Partners, Helion Venture Partners, Tiger Fund |
| Products and Services | Booking tickets for shows, movies, flights, hotels, holidays, buses, trains, etc. |
MakeMyTrip is one of the top online travel companies in India that was founded by Deep Kalra in 2000. The company has its headquarters based in Gurgaon and is known for its services such as booking holiday packages, hotel reservations, movies or even booking tickets for everyday traveling through fights, buses, trains, cars, etc. MakeMyTrip is currently operating in 14 cities around the world with over 30 franchises stores in 28 cities in India alone. The MakeMyTrip route planner feature allows its user to access basic information on over one million routes across India.
Also Read: Travel and Tourism Industry Trends in 2021: Post-Covid Scenario
Nykaa
| Startup Name | Nykaa |
|---|---|
| Industry | E-commerce |
| Founder | Falguni Nayar |
| Founded | 2012 |
| Investors | Steadview Capital, Fidelity, TPG Growth, Hero Corporate Service Private Limited |
| Products and Services | Cosmetics, skin & wellness products, etc. |
| Valuation | $2.3 billion (June 2021) |
Nykaa is a leading cosmetic-based ecommerce platform that was founded in 2012 by Falguni Nayar. Nykaa has its headquarters based in Mumbai, Maharashtra and is known for its app and website that sells a wide range of cosmetics, skin and wellness products. The company also has over 26 offline stores across India and became a Unicorn startup in 2020. The platform has a huge range of 200,000 products from 2000 national and international brands, as of 2020. Many Bollywood actresses like Alia Bhatt and Katrina Kaif have been the brand ambassadors of Nykaa.
Policybazaar
| Startup Name | Policy Bazaar |
|---|---|
| Industry | Insurance Company |
| Founder | Yashish Dahiya, Alok Bansal and Avaneesh Nirjar |
| Founded | 2008 |
| Investors | Intel Capital, Wellington Management Group, Inventus Capital Partners, Softbank Group True North and IDG Venture Partners |
| Products and Services | Life, Health, Motor, travel insurance, etc |
| Valuation | $2.4 billion (July 2021) |
Policybazaar is one of the most well-known and trusted insurance companies in India. The company was started in 2008 by Yashish Dahiya, Alok Bansal, and Avaneesh Nirjar. The company initially started out as an insurance comparison website, but later on started providing different types of insurance plans like Life insurance, Health, Motor and even Travel. Policybazaar.com is currently the largest insurance company in the country and is also popular in UAE. Policybazaar has both a website and an app, which allows its users to compare financial services from the top insurance options. Know How Policybazaar Witnessed Huge Growth with these Marketing Strategies
FirstCry
| Startup Name | FirstCry |
|---|---|
| Industry | E-commerce |
| Founder | Supam Maheshwari, Amitava Saha, Prashant Jadhav, Sanket Hattimattur |
| Founded | 2010 |
| Investors | TPG, Chrys Capital, Premji Invest, Elevation Capital, MegaDelta and Vertex |
| Products and Services | Baby and Kids Products |
| Valuation | $1.1 billion (March 2021) |
FirstCry is one of the top E-commerce companies for Baby and Child products. The company was founded by Supam Maheshwari, Amitava Saha, Prashant Jadhav, and Sanket Hattimattu in 2010, with its headquarters based in Pune, Maharashtra. Currently, the company has 380 plus stores across the country and also has a hospital contact program that helps in reaching out to more than 70,000 new parents every month. Firstcry has over 100,000 plus baby, kids, and new mom products from more than 1000 international and national brands.
Lenskart
| Startup Name | Lenskart |
|---|---|
| Industry | Eyewear |
| Founder | Peyush Bansal, Amit Chaudhary, Sumeet Kapahi |
| Founded | 2010 |
| Investors | Temasek, Falcon Edge Capital, KKR, Bay Capital, and Chiratae |
| Products and Services | Eyewear, opticians |
| Valuation | $2.5 billion (July 2021) |
Lenskart is a leading eyewear company that was started by Peyush Bansal, Amit Chaudhary, Sumeet Kapahi in 2010. The company has its headquarters in Faridabad and has manufacturing facilities in Delhi, Zhengzhou (China). The company is known to manufacture over 300,000 eyewear every month, as it has more than 500 stores in over 70 cities across India. Besides having a huge range of eyewear it also offers its users branded contact lenses and sunglasses.
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.
Grofers
| Startup Name | Grofers |
|---|---|
| Headquarters | Gurgaon, Haryana, India |
| Industry | Ecommerce, Grocery, Delivery |
| Founders | Albinder Dhindsa, Saurabh Kumar |
| Founded | 2013 |
| Investors | Tiger Global Management, Softbank Vision Fund |
| Products and Services | Grocery, body care and essentials delivery |
| Valuation | $1 billion(June 30, 2021) |
Grofers is an Indian online supermarket that helps in the home delivery of food, grocery products, and essentials. Founded in 2013, Grofers started with groceries and gradually expanded to a whole list of categories that includes beauty products, household care, baby care, and more. The company is now a unicorn with a $120 million fundraising round from the food aggregator, Zomato.
Glance
| Startup Name | Glance |
|---|---|
| Headquarters | Bangalore, Karnataka, India |
| Industry | Mobile, Technology |
| Founder | Naveen Tewari |
| Founded | 2019 |
| Investors | Lightbox, Softbank Group, Kleiner Perkins |
| Products and Services | Mobile lock screen content |
| Valuation | $1 billion (December 2020) |
A subsidiary company of inMobi, Glance is an artificial intelligence platform that offers customized lock screen content to the owners of the smartphones of the present. The company was founded in 2019 as a subsidiary of inMobi, a Bengaluru-based mobile ad network, and turned unicorn on December 22, 2020. Its parent company had already become a unicorn company back in 2011.
InMobi
| Startup Name | InMobi |
|---|---|
| Headquarters | Bangalore, Karnataka, India |
| Industry | Advertising, Digital Media |
| Founders | Abhay Singhal, Amit Gupta, Mohit Saxena, Naveen Tewari, Piyush Shah |
| Founded | 2007 |
| Investors | Lightbox Ventures, Softbank Group, Kleiner Perkins |
| Products and Services | InMobi Pulse, Mobile Marketing |
| Valuation | $12 billion (April 2021) |
InMobi is a Bengaluru-based mobile advertising platform that helps in optimizing the ranks of the advertisements offered on mobile phones. InMobi was founded in January 2007 and has been the first unicorn startup of India and thus, a torchbearer of the unicorn league of Indian startups that followed. Glance, a subsidiary company of InMobi, has also turned a unicorn in 2020.
Dailyhunt
| Startup Name | Dailyhunt |
|---|---|
| Headquarters | Bangalore, Karnataka, India |
| Industry | Social News, IT, Language learning |
| Founders | Umang Bedi, Umesh Kulkarni, Virendra Gupta |
| Founded | 2007 |
| Investors | Google, Alphawave, Microsoft, Sequoia Capital, Falcon Capital |
| Products and Services | Dailyhunt app |
| Valuation | $1 billion (March 2021) |
Dailyhunt is an Indian content and news aggregator services platform that helps its users access updates on trending topics along with online news, books, and magazines. The company is popular for offering content in 14 different local languages for a wide variety of Indian readers. The company raised around $100 million from Google and Microsoft and Falcon Edge’s Alpha Wave to become India’s first tech unicorn focussed on vernacular content on December 22, 2020.
Zenoti
| Startup Name | Zenoti |
|---|---|
| Headquarters | Bellevue, Washington, United States |
| Industry | CRM, Enterprise software |
| Founders | Dheeraj Koneru, Saritha Katikaneni, Sudheer Koneru |
| Founded | 2010 |
| Investors | Accel, Norwest Venture Partners, Steadview Capital, Tiger Global Management |
| Products and Services | Salon software, spa software, med spa software |
| Valuation | $1.5 billion |
A cloud-based software platform for spa and salon services of the country, Zenoti was founded in 2010 with its headquarters in Bellevue, Washington, United States, and Hyderabad. Zenoti has been since the day it was founded and is now used by over 10,000 customers and has already established its presence in 50+ countries. With a fundraise that amounted to $160 million, the company entered the unicorn club on December 15, 2020.
PhonePe
| Startup Name | PhonePe |
|---|---|
| Headquarters | Andheri, Maharashtra, India |
| Industry | Fintech, Mobile Payments |
| Founders | Burzin Engineer, Rahul Chari, Sameer Nigam |
| Founded | 2015 |
| Investors | Flipkart, Walmart |
| Products and Services | Phonepe payments app |
| Valuation | 5.5 billion (December 2020) |
PhonePe is a digital payment and merchant aggregator platform that has already had a huge contribution towards making digital payments smooth, fast, and easy for Indian customers and merchants. Founded in 2015 and headquartered in Andheri, Maharashtra, India, the company boasts of having the largest market share among the UPI apps. The company showed a huge potential for growth and has already achieved unicorn status before 2020. The company was acquired by Flipkart in April 2016 and has witnessed a considerable amount of growth since then. Know-How PhonePe Earns money - PhonePe Business Model
Cars24
| Startup Name | Cars24 |
|---|---|
| Headquarters | Gurgaon, Haryana, India |
| Industry | B2C, Ecommerce, AI |
| Founders | Gajendra Jangid, Mehul Agrawal, Ruchit Agarwal, Vikram Chopra |
| Founded | 2015 |
| Investors | DST Global, KCK Global, Sequoia Capital |
| Products and Services | Cars24 website/app, cars buying and selling service |
| Valuation | $1.6 billion (July 2021) |
Cars24 is an online marketplace that encourages the buyers and sellers of used cars and helps them to buy and sell automobiles online without any hassles. Via an AI-enabled pricing algorithm, Cars24 displays the appraisal price along with the market price of the vehicles. Furthermore, it also arranges appointments for vehicle inspection, thereby making the selling process as transparent as possible.
The Gurgaon-based company, Cars24 was founded in 2015 and has already become a unicorn on November 24, 2020, with the $200 million Series E funding round led by Yuri Milner’s DST Global fund, Exor Seeds, Moore Strategic Ventures, and more. The company was valued at over $1 billion when assessed in November 2020.
RazorPay
| Startup Name | RazorPay |
|---|---|
| Headquarters | Bangalore, Karnataka, India |
| Industry | Fintech, Financial Services |
| Founder | Harshil Mathur, Shashank Kumar |
| Founded | 2014 |
| Investors | GIC, Sequoia Capital, Tiger Global Management |
| Products and Services | Payment gateway services |
| Valuation | $3 billion (April 2021) |
RazorPay is a digital payment gateway that enables businesses and individuals to process, receive and disburse payments smoothly and securely. Razorpay accepts a wide range of the latest payment devices and platforms to improve the customer’s payment journeys online.
RazorPay is among the last year unicorn companies of India, which joined the unicorn club of Indian startups on October 11, 2020, when the company raised around $100 million. The company was valued at around $3 billion in April 2021.
Ansh Mehrey
Unacademy
| Startup Name | Unacademy |
|---|---|
| Headquarters | Bangalore, Karnataka, India |
| Industry | Edtech, E-learning |
| Founders | Gaurav Munjal, Hemesh Singh, Roman Saini, Sachin Gupta |
| Founded | 2015 |
| Investors | Temasek Holdings, Dragoneer Investment Group, Softbank, Facebook, Sequoia Capital |
| Products and Services | Courses and classes |
| Valuation | $3.44 billion (August 2021) |
Unacademy is an Indian unicorn Edtech company based in Bangalore, which climbed to unicorn status on September 2, 2020, thereby becoming the second e-learning startup to achieve the status.
Founded in 2015, Unacademy offers educational content for competitive examinations and other video lectures, some of which are also freely accessible for students. With the latest fundraise where the company received $440 million, Unacademy is now valued at $3.44 billion, as of August 2021. Here's a List of Startups Acquired by EdTech Giant Unacademy
Postman
| Startup Name | Postman |
|---|---|
| Headquarters | San Francisco, California, United States |
| Industry | Software, Developer Tools, Developer APIs, |
| Founders | Abhijit Kane, Abhinav Asthana, Ankit Sobti |
| Founded | 2014 |
| Investors | Insight Partners, CRV, Nexus Venture |
| Products and Services | Postman app, Postman Workspace, Built-in tools |
| Valuation | $5.6 billion (August 2021) |
Postman raised $150 million in June 2020 to turn into a unicorn. The API development environment is used by around 6 million developers worldwide across 200,000 companies located globally. Postman serves as a platform that makes it easy for developers and enterprises to build, test, and debug their APIs.
With a valuation of $5.6 billion, as per the reports in August 2021, after the company received funding of around $225 million, Postman is presently acknowledged as the most valued Saas startup in India.
Pine Labs
| Startup Name | Pine Labs |
|---|---|
| Headquarters | Noida, Uttar Pradesh, India |
| Industry | Fintech, Financial Services, Payments |
| Founders | Rajul Garg, Tarun Upaday |
| Founded | 1998 |
| Investors | Mastercard, Lone Pine Capital, Flipkart, Temasek, Sequoia |
| Products and Services | POS devices and software solutions |
| Valuation | $3 billion (May 2021) |
Pine Labs is an Indian merchant platform, equipped with financing and last-mile retail transaction technology, which helps merchants and institutions receive their payments via easy and secure POS apps and devices. Pine Labs collaborated with the New-York based financial services giant, Mastercard in January 2020, and shortly after it attained unicorn status. It was the first company to have turned unicorn in 2020.
CitiusTech
| Startup Name | CitiusTech |
|---|---|
| Headquarters | Princeton, New Jersey, United States |
| Industry | Big Data, Cloud Data Services, Healthcare |
| Founders | Jagdish Moorjani, Rizwan Koita |
| Founded | 2005 |
| Investors | Baring Pvt. Equity Asia |
| Products and Services | Healthcare Technology solutions |
| Valuation | Above $1 billion (February 2020) |
CitiusTech is a major technology service and solution provider for the healthcare industry. CitiusTech boasts of having over 4000 professionals worldwide, which enables them to empower the healthcare organizations to drive clinical value chain excellence across integration and interoperability, data management, data science, performance management, and more.
CitiusTech was acquired by Hong Kong-based Baring Private Equity Asia and is currently known for its unicorn status.
Icertis
| Startup Name | Icertis |
|---|---|
| Headquarters | Bellevue, Washington, United States |
| Industry | AI, Cloud Data Services, CRM, Saas |
| Founders | Monish Darda, Samir Bodas |
| Founded | 2009 |
| Investors | B Capital Group, Ignition Partners, Eight Roads Ventures |
| Products and Services | Contract Management Software |
| Valuation | $2.8 billion (March 2021) |
Icertis is designed as a powerful AI-enabled contract management platform that promises ultimate compliance and aims to reduce the risks involved in it. Being an enterprise contract management platform, Icertis extends easy solutions to hard contract management issues.
When the company raised $80 million in March 2021, at a valuation of $2.8 billion, Icertis was declared as the second most-valued startup unicorn of India. The company turned into a unicorn even before that in 2020.
Druva
| Startup Name | Druva |
|---|---|
| Headquarters | Sunnyvale, California, United States |
| Industry | Software, Cloud Data Services, Cloud Security, Saas |
| Founders | Jaspreet Singh, Milind Borate, Ramani Kothandaraman |
| Founded | 2008 |
| Investors | Sequoia Capital India, Viking Global, Indian Angel Network |
| Products and Services | Data protection solutions |
| Valuation | $2 billion (April 2021) |
Druva is an Indian enterprise software platform that is designed to protect and manage enterprise data across endpoints, data centers, and cloud workloads. Built on AWS, Druva offers a Saas platform that extends superior data resiliency options, which is infinitely scalable, for the companies operating across the globe.
The India-based Saas company headquartered in the US is one of the earliest companies of India that turned unicorns. Druva attained unicorn status in 2019.
Rivigo
| Startup Name | Rivigo |
|---|---|
| Headquarters | Gurgaon, Haryana, India |
| Industry | Automotive, Logistics |
| Founders | Deepak Garg, Gazal Kalra |
| Founded | 2014 |
| Investors | Elevation capital, Trifecta Capital |
| Products and Services | Cargo and freight services |
| Valuation | $1.09 billion (January 2021) |
Rivigo is a logistics platform empowered by the latest technologies that extend effective transport services for a wide range of industries including clothing, eCommerce, automotive, automobiles, and more. The company was founded in 2014 in Gurgaon, Haryana, and was valued at $1.05 billion when it turned unicorn in September 2019.
Dream11
| Startup Name | Dream11 |
|---|---|
| Headquarters | Mumbai, Maharashtra, India |
| Industry | Fantasy Sports, IT |
| Founders | Bhavit Sheth, Harsh Jain |
| Founded | 2008 |
| Investors | Steadview Capital, Tencent, Tiger Global Management, Falcon Edge |
| Products and Services | Dream11 sports platform |
| Valuation | $5 billion (March 2021) |
Dream11 is an Indian fantasy sports platform, which brings a host of sports including but not limited to cricket, football, hockey, volleyball, handball, futsal, and rugby, for the Indian sports fanatics to delve into their favorite games. A homegrown sports platform, Dream 11, aims to help Indian sports enthusiasts to expand and showcase the sports knowledge they boast of!
Earlier in April 2019, Dream11 raised funding worth $60 million from Steadview Capital and others and joined the unicorn league of Indian startups.
Delhivery
| Startup Name | Delhivery |
|---|---|
| Headquarters | Gurgaon, Haryana, India |
| Industry | E-commerce, Freight services |
| Founders | Bhavesh Manglani, Kapil Bharati, Mohit Tandon, Sahil Barua, Suraj Saharan |
| Founded | 2011 |
| Investors | FedEx, Fidelity, Steadview Capital, Tiger Global management |
| Products and Services | Cargo and freight services |
| Valuation | $4 billion (June 2021) |
Delhivery was founded in 2011 in Gurgaon, Haryana, as a logistics and supply chain startup that aims to provide seamless transportation, warehousing, freight, and order fulfillment services. Delhivery Pvt. Ltd. turned unicorn back in 2019 where it raised around $413 million and was valued at $1.5 billion.
Billdesk
| Startup Name | Billdesk |
|---|---|
| Headquarters | Ahmedabad, Gujarat, India |
| Industry | Fintech, Finance, Payments |
| Founders | Ajay Kaushal |
| Founded | 2000 |
| Investors | Visa, TA Associates, SBI, General Atlantic |
| Products and Services | Payment services |
| Valuation | Over $1 billion (December 2020) |
Billdesk is a company conceived in 2000 as IndiaIdeas.com Ltd., which helps Indian customers pay their bills safely and easily. Powered by the latest advancements of the electronic medium, BillDesk offers its customers better ways to organize and manage their payments online. Billdesk has already achieved unicorn status in 2018 when it mopped up nearly $300 million in a fundraising round led by Visa.
The company is currently acquired by PayU, a Prosus-owned company headquartered in the Netherlands via a deal worth $4.7 billion, one of the biggest deals in the Fintech range of India.
Freshworks
| Startup Name | Freshworks |
|---|---|
| Headquarters | San Mateo, California, United States |
| Industry | IT, CRM, Saas |
| Founders | Girish Mathrubootham, Shan Krishnasamy, Vijay Shankar |
| Founded | 2010 |
| Investors | Accel, Steadview Capital, Sequoia Capital, Tiger Global Management |
| Products and Services | CRM software, Software suite |
| Valuation | $3.5 billion (August 2021) |
Freshworks offers innovative customer engagement software for a diverse range of businesses of varying sizes and kinds. Founded in 2010 in Chennai, the company now has its headquarters in San Mateo, USA, the products of which help provide a 360-degree view of the customers.
Freshworks attained the prestigious unicorn club of the Indian companies in July 2018, thereby becoming the first Saas unicorn startup that the country has seen.
Rishabh Rathi
Mu Sigma
| Startup Name | Mu Sigma |
|---|---|
| Headquarters | Bengaluru, Karnataka, India |
| Industry | Analytics, IT, Software |
| Founders | DHIRAJ C RAJARAM |
| Founded | 2004 |
| Investors | Mastercard, General Atlantic, Sequoia Capital |
| Products and Services | Saas, Big Data Analytics software |
| Valuation | $1.5 billion (2013) |
Mu Sigma was founded in 2014 as a data analytics services platform that offers data analytics services along with developing decision support system tools and software for the Fortune 500 companies. Mu Sigma offers a range of services including market measurement, product/customer segmentation and profiling, prospecting, RFM analytics, and more. It was in 2016 when Fortune declared Mu Sigma a unicorn company.
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 : 2021-08-31T13:30:00.000Z