In today’s world, unicorn startups are not as uncommon as before; however, building a unicorn startup is not easy. However, Indian startups are not lagging behind and gaining a larger share of unicorn startups. For a startup to achieve the unicorn tag, it takes hard work, planning, and perseverance from the start of its journey.
We have described the top unicorn startups of India below in this blog.
With more than 100 Unicorn startups, India is becoming the world’s fastest-growing startup ecosystem as of 2022.
Indian Startups that entered the Unicorn Club in 2022
- LeaderSquared:LeadSquared provides CRM, marketing, and sales software solutions. It was founded in 2011 by Nilesh Patel, Sudhakar Gorti, and Prashant Singh. It entered the Indian unicorn startup list in January 2022. It joined the start-up caters to industries including edtech, healthcare, BFSI, real estate, automotive, and hospitality with its solutions. It provides a unique and user-friendly platform for Indian people.
- Purplle :Purplle is a Mumbai-based e-commerce firm with a focus on equipment and goods for the beauty industry that was founded in 2012 by Manish Taneja and Rahul Dash. It entered the Indian unicorn startup club in January 2022. With more than 1,000 brands and over 60,000 products featured on its site, Purplle offers a variety of goods from both established and up-and-coming beauty businesses.
- Physicswallah :Alakh Pandey and Prateek Maheshwari launched PhysicsWallah in 2016 as a physics-focused YouTube channel for competition preparation. In 2020, PhysicsWallah made the switch to being a full-fledged edtech platform. It joined the Indian unicorn startup club in February 2022. With several course offerings on its YouTube channel, website, and mobile app, the edtech platform exclusively concentrates on competitive test preparation for NEET and IIT/JEE.
- Open :Anish Achuthan, Ajeesh Achuthan, Mabel Chacko, and Deena Jacob created Open, the 100th Indian unicorn, in 2017. It is a neobanking fintech firm. It entered the Indian unicorn startup list in March 2022. Small and medium companies (SMBs) all around the country may take advantage of Open’s business banking, payments, and expenditure management services.
- Games24x7 :Games24x7, a gaming firm founded in 2006 by Bhavin Pandya and Trivikraman Thampy, is home to well-known franchises including the online card game RummyCircle and the sports fantasy game My11 Circle. U Games, a gathering place for casual games, is the startup’s third product. It joined the Indian unicorn startup club in February 2022.
- Oxygo :In 2016, Asish Mohapatra and Ruchi Kalra founded Oxyzo, the finance division of the unicorn B2B e-commerce company. It joined the Indian unicorn startup club in February 2022. For SMEs in the manufacturing and contracting industries, it is a lending platform that offers cash flow and matching working capital finance for the acquisition of new supplies.
- Amagi :Amagi is a company that provides development, distribution, and monetization solutions for live, linear, and on-demand channels across cable, OTT, and free ad-supported streaming TV platforms. It was founded in 2008 by Baskar Subramanian, Srinivasan KA, and Srividhya Srinivasan. The cloud-based media Saas technology business with its headquarters in Bengaluru became an Indian unicorn startup in early 2022.
- CredAvenue :CredAvenue was created in 2017 by Gaurav Kumar as a component of the credit infrastructure that serves as a one-stop shop for all Indian debt market players and the entry point for foreign investors. It joined the Indian unicorn startup club in February 2022. Investors may easily research, assess, and carry out transactions with the help of this comprehensive service.
- Hasura :Founded in 2018 by Tanmai Gopal and Rajoshi Ghosh, Hasura provides data access and data flow tools and services via GraphQL APIs, a solution to accelerate product and data delivery. It joined the Indian unicorn startup club in March 2022. The company’s technology automatically creates real-time GraphQL APIs, granting customers instant access to their data via secure APIs.
- Uniphore :The conversational automation platform Uniphore, founded in 2008 by Ravi Saraogi and Umesh Sachdev, integrates conversational AI, workflow automation, and RPA (Robotic Process Automation) into a single integrated platform to change and democratize customer experience across sectors. It joined the Indian unicorn startup club in April 2022. Its unique and user-friendly platform enhances the customer experience across sectors.
- Xpreesbees :One of the first members of the unicorn club in 2022 was the logistics business Xpreesbees. The firm initially functioned under Supam Maheswari’s FirstCry, but in 2015 it was split off to run on its own. The logistics start-up claims to deliver to 20,000 different pin codes and operate in 3,000 different cities.
- Livspace :Anuj Srivastava and Ramakant Sharma founded Livspace in 2014; it is a curated marketplace that offers a complete home design experience. It joined the Indian unicorn startup club in March 2022. The startup’s online store also provides software tools that interior designers and homeowners may use to create beautiful interiors. It claims it has provided service to around 20,000 consumers and is present in nine major cities.
- ElasticRun :The software platform of ElasticRun, which was founded in 2016 by Sandeep Deshmukh, Saurabh Nigam, and Shitiz Bansal, serves as an extension of FMCG firms’ direct distribution networks in rural regions and enables these enterprises to reach small “Kirana” stores in the hinterland. It joined the Indian unicorn startup club in April 2022. The business also collaborates with banks to provide them access to underserved SME consumers through its Kirana network.
- DealShare :DealShare is a social e-commerce platform that was established by Vineet Rao, Sourjyendu Medda, Sankar Bora, and Rajat Shikhar in September 2018. It makes it possible for first-time online shoppers. It joined the Indian unicorn startup club in April 2022. The start-up provides groceries and essentials for the home via social media and messaging services like WhatsApp.
- Darwinbox :Darwinbox, a cloud-based HRtech firm founded in 2015 by Chaitanya Peddi, Jayant Paleti, and Rohit Chennamaneni, serves the HR requirements of businesses in a variety of areas, including hiring, onboarding, core transactions (leaves, attendance, directory), payroll, travel, and people analytics. Technology Crossover Ventures, the investment round’s leader, helped Darwinbox raise $72 million.It joined the Indian unicorn startup club in March 2022.
- LEAD :LEAD is a Mumbai-based edtech business with a focus on facilitating improved school instruction through technology. It was founded in 2012 by Sumeet Mehta and Smita Deorah. It entered the Indian unicorn startup list in March 2022. In addition to other services, LEAD provides full-stack school edtech solutions that are aimed at kids, particularly in non-metropolitan areas.
Fractal :A five-person team led by IIM Ahmedabad alumnus Srikanth Velamakanni, Pranay Agrawal, Nirmal Palaparthi, Pradeep Suryanarayan, and Ramakrishna Reddy launched Fractal Analytics in 2000. Advanced analytics and artificial intelligence products are offered by Fractal. It entered the Indian unicorn startup list in March 2022. The AI and advanced analytics solutions firm has employees in 16 countries across the world, including Singapore, India, US, and UK.
Indian Startups that entered the Unicorn Club in 2021
- Digit :Digit Insurance, a Bengaluru-based insurance tech company founded by Kamesh Goyal, offers customised policies on health, auto, travel, smartphones, and commercial properties. In addition to being the first Indian unicorn startup in January 2021, the business also became the first insurtech startup in India to reach a billion-dollar value. Digit simplify the process of insurance for the Indian people.
- Cred:Kunal Shah founded the Cred in 2018. Credit card holders may use the app to pay their bills, and it also rewards them with Cred coins. With a valuation of $4.4 bn, it has joined the Indian unicorn startup club in April 2021. This app makes the credit card bill payment effortless for Indian credit card users.
- Meesho: Meesho is an online reseller network for individuals and small and medium-sized businesses (SMBs), which sells items inside its network via social media platforms. It was founded by Vidit Aatrey and Sanjeev Barnwal in 2015. It has become the Indian unicorn startup in April 2021. Meesho wants to establish an environment where anybody can launch a business with no money.
- Pharmeasy: PharmEasy is a health-tech firm that provides an online pharmacy on its platform. It was founded in 2015 by Dharmil Sheth, Dr Dhaval Shah, and Mikhil Innani. In May 2021 it joins the club of unicorn startups in India. The business provides a variety of services, including hassle-free drug delivery, sample collection for diagnostic testing, and teleconsultation.
- Innovacer: Innovaccer is a healthtech SaaS firm located in Delhi-NCR that was founded in 2014 by Kanav Hasija, Abhinav Shashank, and Sandeep Gupta. With the help of Innovaccer, healthcare providers deliver higher-quality treatment at a lesser cost. In June 2021 it has become an Indian unicorn startup. Additionally, it enables its customers and associates to create interoperable apps to enhance patient outcomes.
- Infra.market :Infra.Market is a B2B online marketplace for purchasing real estate and building supplies. It was established in 2016 by Aaditya Sharda and Souvik Sengupta.It joined the Indian unicorn startup club in July 2022. For the simplicity of buying, tracking, and production up until on-site delivery, the company’s platform connects its clients directly to its supply chain infrastructure.
- Groww: Groww provides direct plans for mutual funds and investing via mobile applications and web platforms. Groww was founded in 2017 by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal. It joined the Indian unicorn startup club in July 2021. Indian Users can also easily invest in gold, mutual funds, ETFs, IPOs, and stocks and earn money.
- Sharechat: ShareChat is a social media startup located in Bengaluru that was established in 2015 by Ankush Sachdeva, Bhanu Singh, and Farid Ahsan. With an average daily user time of 31 minutes, it markets itself as an Indic language social networking site. In April 2021, it joined the list of unicorn startups in India. Presently, ShareChat is India’s valuable social networking site.
- Gupshup :Gupshup is a conversational messaging platform that was established by Beerud Sheth in 2004. It serves companies from a variety of industries, including banking, e-commerce, hotels, and consumer products, among others. In April 2021, the conversational messaging service joined the Indian unicorn startup club. This is a reliable platform easy to use for Indian users.
- Chargebee :Chargebee is a revenue management platform that automates revenue operations for more than 4,000 high-growth subscription-based businesses. It was founded in 2011 by Krish Subramanian, Rajaraman Santhanam, Saravanan KP, and Thiyagarajan T. It joined the Indian unicorn startup list in August 2021. With the efficient revenue management SaaS service it can minimize a firm’s loss and improve productivity.
- Zeta: Zeta, a full-stack cloud-based neo-banking platform for providing credit, debit, and prepaid goods, was founded in 2015 by Bhavin Turakhia and Ramki Gaddipati. It entered the Indian unicorn startup club in June 2021. With the help of this full-stack cloud-based neo-banking platform, banks and other financial institutions may provide cutting-edge consumer and business fintech solutions.
- UrbanCompany :Abhiraj Bhal, Raghav Chandra, and Varun Khaitan created the hyperlocal services business Urban Company in Gurugram in 2014. The firm provides a variety of services, including appliance maintenance and at-home spa and cosmetic treatments. After receiving $255 Mn in its Series F round, it joined the Indian unicorn startup club in June 2021. It makes the common services hassle-free.
- Moglix :Moglix is an online marketplace for various industrial tool types, including power tools, hand tools, adhesives, safety and security products, and electricals. It was established in 2015 by Rahul Goel and Sandeep Goel. It obtains and provides hardware, office supplies, safety equipment, and more. It entered the Indian unicorn startup club in September 2021. It provides the best tool an affordable price to customers.
- Browserstack :Browserstack is a cloud-based platform for software and mobile app testing that was established in 2011 by Ritesh Arora and Nakul Aggarwal. After raising $200 Mn in a Series B fundraising round, the domestic software-as-a-service (SaaS) business became a member of the Indian unicorn startup club in June 2021. It is a platform which provides efficient testing to the Indian customer.
- Blackbuck :Blackbuck links companies with truck owners and freight operators. It was established in 2015 by Rajesh Yabaji, Chanakya Hridaya, and Rama Subramaniam. It joined the Indian unicorn startup list in August 2021. The logistics start-up with headquarters in Bengaluru advertises truck services on its website and intelligently matches consumers depending on their needs. It eliminates the communication gap between owners and operators.
- Droom :Droom, an online marketplace for buying and selling new and old cars in India and other developing countries, was founded in 2014 by Sandeep Agarwal. It joined the Indian unicorn startup list in October 2021. Droom offers three pricing formats—auction, best offer, and set price—as well as four marketplace formats—B2C, C2C, C2B, and B2B.
- Ofbusiness: OfBusiness, founded in 2015 by Asish Mohapatra, Ruchi Kalra, and Bhuvan Gupta, with subsequent cofounders Nitin Jain and Vasant Sridhar, is primarily a B2B eCommerce platform. In April 2021 it has become an Indian unicorn startup. Additionally, it provides small and medium-sized businesses (SMEs) in the industrial and infrastructure sectors with working capital loans for the acquisition of raw materials.
- BharatPe :Ashneer Grover and Shashvat Nakrani founded BharatPe in 2018, which introduced India’s first UPI interoperable QR code. It joined the Indian unicorn startup club in March 2022. It serves as a single interface for all active UPI applications and other payment systems and is primarily a merchant-focused payments platform. In india it revolutionized the digital payment.
- Mindtickle :Mindtickle is a Pune-based sales enablement platform that focuses on enhancing the sales function in businesses by comprehending ideal sales behaviours, enhancing seller knowledge and skill sets, and incorporating real-world feedback from their customer interactions. It was founded in 2011 by Krishna Depura, Deepak Diwakar, and Nishant Mungali. It joined the Indian unicorn startup club in July 2021.
- UpGrad: UpGrad, an ed-tech business run by Ronnie Screwala, joined the unicorn club in August 2021. It provides higher education courses in partnership with numerous universities and was established in 2015 by Screwvala, Mayank Kumar, Phalgun Kompalli, and Ravijot Chugh. It helps Indian students to get degree from World’s top universities online.
- CoinDcx: CoinDCX, which was established in 2018 by Sumit Gupta and Neeraj Khandelwal, became the first cryptocurrency exchange in India to achieve unicorn status in 2018. In August 2021, the cryptocurrency exchange completed a $90 Mn Series C fundraising round and joined the Indian unicorn startup club. CoinDCX gives the opportunities for Indian people to safely invest in cryptocurrencies.
- Eruditus :Eruditus, an edtech business school that was founded in 2010 by Chaitanya Kalipatnapu and Ashwin Damera, provides executive education programmes in collaboration with prestigious business schools like MIT, Columbia, and Harvard Business School, INSEAD, Tuck at Dartmouth, Wharton, UC Berkeley, and London Business School. It joined the Indian unicorn startup list in August 2021. Eruditus is good for Indian students.
- Zetwark :Zetwerk was established in 2018 by Amrit Acharya, Srinath Ramakkrushnan, and Vishal Chaudhary. It entered the Indian unicorn startup club in September 2021. The company is a manufacturing services platform that links manufacturing businesses with suppliers and vendors for specialised goods, parts for industrial machines, and other machinery. Zetwark helps the manufacturing businesses to get the best spare parts for machines.
- MPL :Mobile Premier League, popularly known as MPL, is an esports gaming firm founded in 2018 by Shubh Malhotra and Sai Srinivas Kiran G. It entered the Indian unicorn startup club in January 2021. It provides a variety of gaming alternatives, from skill-based games like daily fantasy sports to play and win exciting prizes.
- Apna :Nirmit Parikh founded Apna in 2019, which offers a job market for blue-collar employees and trained professionals in India. Within two years of its creation, in 2021, it joined the prestigious unicorn club. Apna is helping many Indians to get their dream jobs and helping India to improve its employment rate.
- Vedantu :Vedantu, an ed-tech firm with a K12 emphasis located in Bengaluru, was established in 2014 by Vamsi Krishna, Anand Prakash, and Pulkit Jain. It entered the Indian unicorn startup club in September 2021The start-up provides a platform for interactive online tutoring. Presently, more than 35 million students attend its live sessions each month.
- Licious: Licious is a D2C food tech company founded in 2015 by Vivek Gupta and Abhay Hanjura that specialises in cold-chain food delivery, especially meat. It joined the Indian unicorn startup list in August 2021. Licious has a farm-to-fork business model, which means that it controls the complete supply chain at the back end. People gets fresh meat from Licious.
- Coinswitch Kuber :In June 2020, CoinSwitch launched its India-only cryptocurrency platform, CoinSwitch Kuber, with the goal of making cryptocurrency investments simpler for Indian retail investors. It entered the Indian unicorn startup club in July 2021.CoinSwitch was founded in 2017 by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari as a global aggregator of cryptocurrency exchanges. It enables Indians to invest in cryptocurrencies.
- Rebel Foods :Rebel Foods is a Mumbai-based food-tech firm that was founded in 2011 by Jaydeep Barman and Kallol Banerjee. It joined the Indian unicorn startup club in March 2021. Rebel Foods has created its full-stack platform, known as Rebel OS, with more than 450 kitchens spread over more than 70 locations, allowing it to launch and scale up many brands quickly.
- Car dekho: A new and used automobile search and e-commerce site in India is called CarDekho. It also features a vertical for insurance. Amit Jain and Anurag Jain founded CarDekho in 2007. It joined the Indian unicorn startup club in August 2021. It asserts to have partnerships with major automakers, more than 4,000 automobile dealers, and various finance institutions to make buying cars easier.
- Mobikwik :The fintech business was established in 2009 by the husband-and-wife team of Bipin Preet Singh and Upasana Taku. It joined the Indian unicorn startup club in July 2021. It began as a digital wallet before changing course to become a horizontal fintech platform that provides a range of financial services, including credit, insurance, and gold loans, among others.
- Acko :Varun Dua and Ruchi Deepak founded Acko in 2016, which provides workers’ compensation and car insurance through partnerships with businesses. It joined the Indian unicorn startup list in August 2021. As part of its plan to join the retail health insurance market, the firm has also unveiled a health insurance plan for customers between the ages of 18 and 45.
- Good glam group :The direct-to-consumer cosmetics company MyGlamm was established in 2015 by Darpan Sanghvi, the founder and CEO of The Good Glamm Group. It joined the Indian unicorn startup list in November 2021. In order to strengthen its position as a “Digital House of Brands” driven by a content-to-commerce approach, MyGlamm announced the creation of The Good Glamm Group last year.
- CureFit :CureFit was established in 2016 by Mukesh Bansal and Ankit Nagori and provides nutrition, physical fitness (Cult.fit), and mental fitness (Mind.fit) through an online-offline strategy (Eat.fit). A primary care vertical is also present (Care.fit). It joined the Indian unicorn startup list in August 2021. Its mission is to make India fit physically and mentally and promotes healthy lifestyle.
- Mensa Brands :Founded in May 2021 by Ananth Narayanan, Mensa Brands is a Thrasio model-based rollup eCommerce unicorn. Mensa Brands’ current portfolio includes Pune-based women’s apparel brand Karagiri, Delhi NCR-based jewellery brand Priyaasi, men’s casualwear brand Hubberholme, Mumbai-based men’s casual wear brand Dennis Lingo, women ethnic wear brand Ishin, smart FMCD startup Helea, Jaipur-based ethnic wear brand Anubhutee etc.
- NoBroker :NoBroker is a Bengaluru-based real estate platform that was established in 2014 by Akhil Gupta, Amit Agarwal, and Saurabh Garg. Without any brokerage fees for intermediaries, it offers verified listings from property owners. It joined the Indian unicorn startup list in August 2021. The business also operates the NoBroker Financial Service website, which offers mortgages, and the home Service, packers and movers and legal paperwork.
- Spinny :Spinny is an online used automobile marketplace situated in Delhi-NCR that was established in 2015 by Niraj Singh, Mohit Gupta, and Ramanshu Mahaur. It joined the Indian unicorn startup club in March 2021. It claims to integrate superior technology and procedures to provide clients with a premium experience across the whole value chain of previously used autos.
- UpStox :Upstox is a fintech business with headquarters in Mumbai founded by Raghu Kumar, and Ravi Kumar that offers both businesses and individual consumers a variety of cutting-edge investing choices. With its brand-new zero brokerage concept, Upstox also aims to empower traders and end consumers. Following a fundraising round headed by Tiger Global Management, Upstox will become a unicorn on November 25, 2021.
- Slice :Slice is a fintech firm that provides payment cards and credit cards to millennial and Generation Z clients. It was founded in 2016 by Rajan Bajaj. It joined the Indian unicorn startup list in August 2021. In collaboration with Visa and SBM Bank, the firm offers credit cards and payment cards to this market while also providing rewards and price breaks for transactions.
- Pristyn Care -Pristyn Care is a Gurugram-based healthtech firm that was established in 2018 by Harsimarbir Singh, Vaibhav Kapoor, and Garima Sawhney. It joined the Indian unicorn startup list in August 2021. Through cutting-edge surgical methods and postoperative care, Pristyn provides patients with excellent surgical treatment that is reasonably priced. It provides surgeries to Indian people at affordable price.
- Mamaearth-Mamaearth, a brand of comprehensive personal care goods, was founded in 2016 by Ghazal and Varun Alagh. It began by offering infant care items. It joined the Indian unicorn startup list in August 2021. The startup’s product line includes a variety of items, such as products for the body, face, and hair. It produces chemical free products for Indian people.
- Globalbees-A startup called GlobalBees is dedicated to finding and growing outstanding products. It joined the Indian unicorn startup list in December 2021. Since its founding in 2021 by Deepak Khetan, and Nitin Agarwal, GlobalBees has built up a diverse portfolio of businesses in industries such as fashion jewellery, eyeglasses, home care, nutrition, and personal care.
Indian Startups that entered the Unicorn Club in 2020
- Cars24: Cars24 is an online marketplace which has become a unicorn startup in India in the year 2020 for previously used vehicles, including automobiles and bikes, and was founded in 2015 by Vikram Chopra, Gajendra Jangid, Ruchit Agarwal, and Mehul Agrawal. Being a tech-first organisation, CARS24 is proud to be searching for ground-breaking solutions to enter the worldwide auto-tech sector.
- FirstCry :To address the issue of Indian parents not having access to the greatest brands and products for their newborns and children, FirstCry, also called a unicorn startup in India, is an online and offline company offering a variety of products for babies, kids, and moms, was founded in 2010. The primary objective of FirstCry is to offer quality products and services.
- Glance :While 42 firms joined the unicorn club in 2021, which proved to be a turning point for the Indian startup ecosystem, the pandemic-hit 2020 was among the most challenging due to uncertainties. Glance, widely popular as a unicorn startup in India, was one of the select few firms that survived the crisis and joined the unicorn club in 2020. After receiving $145 million from Google and current backer Mithril Capital, the startup—owned by adtech unicorn InMobi—became a unicorn.
- Nykaa :Nykaa is an online store for health and beauty items that was established in 2012 by Falguni Nayar. After beginning as an online platform, Nykaa introduced offline stores in 2015 and now has more than 80 locations in three different formats, supporting its omnichannel presence. Nykaa has become an Indian unicorn startup in the year 2020.
- Pine Labs :Founded in 1998, Pine Labs is an Indian merchant platform firm that offers financing and technology for last-mile retail transactions. With a valuation of more than $5 billion, it is one of the unicorn firms. It creates software for POS systems and offers a merchant platform. If we talk about Pine Labs, it will also become an Indian unicorn startup in 2020.
- Postman :Postman is a B2B SaaS firm with offices in Bengaluru and San Francisco founded in 2014 by Abhinav Asthana, Abhijit Kane, and Ankit Sobti. Through the application programming interface (API) workflow, Postman assists developers and businesses in creating new applications. Postman entered the unicorn club in June 2020 with a valuation of $2 billion during its Series C round of $150 million.
- Razorpay :Razorpay, an Indian unicorn startup, is the country’s first provider of comprehensive financial solutions. With a wide range of products for taking and disbursing payments and generating funds and parking money, Razorpay has transformed from being a provider of payment gateways into azenoti solutions-driven business. This fintech first entered India’s unicorn club back in October 2020, after the company raised $100 million led by GIC and Sequoia India, and was valued at a little over $1 billion.
- Unacademy: Bengaluru-based After BYJU’S, Unacademy presently has the second-highest valuation of any tech business in the nation and has an Indian unicorn startup club. Unacademy was initially started by Gaurav Munjal, Roman Saini, and Hemesh Singh as a YouTube channel. In 2015, Unacademy was formally registered. Unacademy wants to create the biggest online knowledge base for multilingual education worldwide. It took about two years and a pandemic to make Unacademy the second Indian edtech unicorn in September 2020.
- VerSE Innovation (DailyHunt) :A discovery tool to consume and interact with media is being developed by VerSe Innovation, an Indian unicorn startup and a local language technology business. Through its vertical search and recommendation capabilities, which offer users personalised content and notifications, its platform makes it easier to curate content and tracks user preferences.
- Zenoti :Zenoti, an Indian unicorn startup club, offers an all-in-one cloud-based software solution for the spa, salon, and med spa businesses. It assists small and medium-sized organisations and is a true enterprise solution for this sector. The all-in-one technology aids clients in business expansion and management. In December 2020, Zenoti had raised $160 Mn in a series D funding round making it the first vertical software-as a-service (SaaS) startup India’s unicorn club.
- Zerodha : Zerodha provides trading, distribution, and booking services to individual and institutional clients. The business also creates tools for studying and analysing market data. Zerodha’s valuation increased to USD 1 billion on June 29,2020 after it carried out a buyback plan of employees’ stock. One of the few Indian companies frequently seen as a successful business is Zerodha, founded by the Kamath brothers, Nithin and Nikhil.
Indian Startups that entered the Unicorn Club in 2019
- Druva: Druva is a cloud-based file security company that offers solutions for various industries, including banking and government. They offer enterprise file sharing and collaboration services, secure document storage, instant digital identity recovery, and malware protection. Jaspreet Singh founded Druva in 2008. Druva entered the Indian startup unicorn club in June 2019.
- Icertis: Founded in 2009 by technology veterans Samir Bodas and Monish Darda in Pune, Icertis provides cloud-based applications in the contract lifecycle management space.The company entered the Indian unicorn startups club in July 2019.
- Lenskart: Lenskart was founded by Piyush Bansal, a former Microsoft employee, in 2010 along with Amit Chaudhary and Sumeet Kapahi Entered the Indian unicorn startup club in 2019. Lenskart is a leading online platform for Indian consumers to buy optical products from the comfort of their homes.Also read about the Top 10 fastest growing business industries ,right now! https://wext.in/fastest-growing-business-industries/
Indian Startups that entered the Unicorn Club in 2018
- Billdesk: Bill Desk turned into an Indian unicorn startup in India founded in 2000 by MN Srinivasu, Kartik Ganapathy and Ajay Kaushal that helps small businesses manage their bills and expenses. They are solving the problem of small businesses not being able to keep track of their expenses and bills, which often leads to financial hardship. BillDesk became a unicorn on July 10, 2018.
- Byjus: Byju’s was founded in April 2011 byju Raveendran and his wife, Divya Gokulnath, and as of September 2018, it had become a unicorn startup in India with a valuation of $5.9 billion.” Byju believes that this immersive learning experience helps students to learn faster and retain information better than traditional classroom lectures.
- Oyoo:Oyoo was founded in May 2013 by CEO and founder Ritesh Agrawal and achieved an Indian unicorn startup status in September 2018. The company has launched an online booking platform for hotel stays which allows users to make reservations with ease.
- Paytm mall:Paytm Mall was founded in December 2016 by Vijay Shekhar Sharma and Maha Gupta. It became a unicorn in 2018. The startup is focused on online shopping, offering a platform for both consumers and merchants to buy and sell products online. It offers a variety of services including groceries, home goods, apparel, electronics and more.
- Fresh works: This Indian unicorn startup was started in 2010 by Girish Mathruboothan and Shan Krishnasamy. Freshworks is a startup that became a unicorn in March 2018. The company focuses on providing cloud-based software as a service (SaaS) to businesses that need to manage their employment paperwork. This includes creating, distributing, returning and tracking employee files.
- Policy Bazaar : It s a startup that has been recognized as the first Indian unicorn startup in 2010 for its innovative solutions to complex government bureaucracy. Founder and CEO, Prateek Saxena believes that by giving people the tools they need to navigate through the bureaucratic red tape, Policy Bazaar is helping to make India more transparent and efficient.
- Rivigo: Rivigo is a company that solves the issue of unreliable and slow internet connections in rural areas by providing high-speed broadband services. They were founded in 2017 by Deepak Garg and Ghazal Kalra, and as of October 2018, they had achieved Indian unicorn startups club status. Their main focus has been on India, but they have also started operations in several other countries including Nigeria, Kenya, and Zimbabwe.
- Udaan: Udaan is an Indian unicorn startup that became a unicorn in February 2018. The company was founded by Amod Malviya, Vaibhav Gupta and Sujeet Kumar in 2016. The problem that Udaan is solving in the Indian ecosystem includes providing affordable access to education for students from rural areas. They offer courses both online and offline.
- Phonepe:PhonePe was founded in December 2015 by Sameer Nigam, Rahul Chari and Burzin engineer. PhonePe is a mobile payments and payment gateway company that operates in the Indian market. It allows users to make payments using their smartphones by integrating with banks, credit/debit cards, and other financial institutions. It entered the Indian unicorn startups club in May 2018.
- Swiggy : The founding team include Swiggy’s founder and CEO Sriharsha Majety and Coo Nandan Reddy ,Rahul Jaimini .Swiggy is a food delivery startup that was founded in July of 2014 and achieved Indian unicorn startup status in February 2018. Swiggy promises to solve India’s complex food ordering problems by providing an easy-to-use platform for online orders from local restaurants.
- Big basket: Regarding the founding team, the company is founded by three individuals – Ankit Nagori (CMO), Sharad Sharma (VP Product) and Saurabh Krishnamurthy (CTO). The company turned into an Indian Unicorn startup in February of 2019. The company aims to help people save money on their grocery bills.
- Delhivery:Delhivery Courier is a startup that provides doorstep and home delivery services in select cities of India. The startup was founded by Sahil Barua(co-founder and CEO), Mohit Tandon (CTO), and Ajith Pai(COO). The startup became an Indian unicorn startup in October 2018, when it secured $200 million in Series C funding.
- Dream sports: Dream Sports was founded in 2017 by Anish and Divya Goyal. Dream Sports has been solving the problem of improving athlete performance for over 15 years and became an Indian unicorn startup in October 2018. Dream Sports is a global sports technology company that creates innovative solutions to help athletes improve performance. Their products include mobile apps, wearable devices, and online training tools.
- OLA electric: Ola electric is a ride-sharing service that was founded in 2014 by Bhavish Aggarwal and has since become one of the most popular transportation options in India. As of October 2018, the company had reached Indian unicorn startup status, meaning it had raised at least $1 billion in funding.
Indian Startups that entered the Unicorn Club in 2017
- ReNew power: ReNew Power is an energytech startup situated in Delhi-National Capital Region that was formed in 2011 by Sumant Sinha. In April 2017, it became a member of the Indian unicorn startup club. Renew Energy issued bonds worth $450 million. Utility-scale wind, solar, and hydroelectric energy projects are developed, built, owned, and operated by the company.
Indian Startups that entered the Unicorn Club in 2016
- Hike: Hike is that was formed in 2012 by Kavin Bharti Mittal. In August 2016, it became a member of the Indian unicorn startup club. Hike issued bonds worth $175 million from Tencent and Foxconn, that value the messaging app at $1.4 billion. It is a one of the popular messaging app in india.
- Shopclues : Shopclues is an ecommerce startup situated in Delhi-National Capital Region that was formed in 2011 by Sandeep Aggrawal, Sanjay Sethi and Radhika Aggrawal. In 2016, it became a member of the Indian unicorn startup club. Shopclues issued bonds worth $100 million. It delivers to more than 32,000 pin codes across the country.
- Make My Trip :It was founded in 2000 by deep kalra ,keyor joshi and rajesh magov. Make my trip offers air tickets, customized holiday packages, hotel bookings, railway tickets etc. In 2016, it became a member of the Indian unicorn startup club. It is situated in Delhi-National Capital Region.
Indian Startups that entered the Unicorn Club in 2015
- Zomato: It was founded in 2008 by Deepinder Goyal. Zomato offers food delivery to their customers. In 2015, it became a member of the Indian unicorn startup club. It was initially started as a Foodiebay. Zomato monthly revenue hit $100 million.
- Quickr: It was founded in 2008 by Pranay Chulet, Quickr is a bengaluru based online classified marketplace. In 2015, it became a member of the Indian unicorn startup club. At one point, the startup had 30Mn monthly unique visitors and was present in 1200 cities in India.
- Paytm: It was founded in 2010 by Vijay Shekhar Sharma, Paytm is a Delhi- NCR based fin-tech decacorn which offers payment services to their customers. In 2015, it became a member of the Indian unicorn startup club. The company has 71Mn monthly average users and 2.9 Mn devices deployed.
- Ola: It was founded in 2010 by Bhavish Aggarwal and Ankit Bhati, Ola is one of Indian startup offering ride sharing platform. In 2015, it became a member of the Indian unicorn startup club. Ola has valuation of estimated 7.3 billion plus, which was calculated in the year of 2021, December.
- Infoedge: It was founded in 1995 by Sanjeev Bikhchandani, Info Edge is a Delhi-NCR based discovery platform that runs jobs oriented platform like naukari.com and also matrimony website like Jeevansathi.com. It also own companies like 99acres.com and Shiksha.com. In 2015, it became a member of the Indian unicorn startup club.
India has become the 3rd largest start-up ecosystem in the world after the US and China. 44 Indian start-ups have achieved unicorn status in 2021 taking the overall tally of unicorns to 83, most of which are in the services sector.
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