What is Unicorn Company in India

What is Unicorn Company in IndiaIn the world of startups, a “unicorn” refers to a privately-held startup company that has achieved a valuation of $1 billion or more. In India, the term “unicorn” has been used to describe a number of successful startups that have achieved this feat. These startups come from a variety of industries, including fintech, e-commerce, logistics, edtech, and more.

What is Unicorn Company in India
What is Unicorn Company in India

What is Unicorn Company in India?

The first Indian startup to achieve unicorn status was Flipkart, an e-commerce platform, in 2012. Since then, the number of Indian unicorns has grown significantly. As of February 2023, India is home to more than 108 unicorns, with a total valuation of over $100 billion.

Indian unicorns have been successful in attracting significant amounts of investment, both from domestic and international investors. Some of the largest investors in Indian unicorns include SoftBank, Tiger Global, and Sequoia Capital, among others. These investors are attracted to the potential of the Indian market, which has a large and growing population and a rapidly expanding digital economy.

The success of Indian unicorns has also been driven by a number of factors, including the country’s strong entrepreneurial spirit, the availability of talent and resources, and the supportive regulatory environment. In recent years, the Indian government has launched a number of initiatives aimed at promoting startups and entrepreneurship, including tax incentives, funding programs, and regulatory reforms. These initiatives have helped to create a favorable environment for startups to thrive in India.

Some of the most successful Indian unicorns include Paytm, a fintech company that provides mobile payments and financial services; Byju’s, an edtech company that offers online learning programs; and Ola, a ride-hailing platform that competes with Uber. Other notable Indian unicorns include Zomato, a food delivery platform; Swiggy, another food delivery platform; and OYO Rooms, a hospitality company.

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Overall, Indian unicorns are an important part of the country’s growing startup ecosystem. They represent the potential of India’s economy and the country’s ability to compete on the global stage. With the continued support of investors, entrepreneurs, and the government, Indian unicorns are poised for continued growth and success in the years to come.

Startup NameIndustryFounding YearUnicorn Entry YearCurrent Valuation
PhysicsWallahEdtech20162022$1.1 Billion
LeadSquaredSaaS- CRM20112022$1 BIllion
ElasticRunE-commerce Logistics20152022$1.5 Billion
LEAD SchoolEdtech20122022$1.1 Billion
PurplleE-commerce Personal Care20122022$1.1 Billion
DealShareE-commerce20182022$1.7 Billion
XpressbeesE-commerce Logistics20152022$1.2 Billion
OpenFintech20172022$1 BIllion
Games24x7Gaming20062022$2.5 Billion
AmagiMedia, Advertising20082022$1 BIllion
Fractal AnalyticsSaaS- Analytics20002022$1 BIllion
DarwinboxSaaS- HR20152022$1.07 BIllion
LivspaceE-commerce Interior Design20142022$1.2 Billion
UniphoreSaaS- Conversational Automation20082022$2.5 Billion
HasuraSaaS- Programming Tools20172022$1 BIllion
Yubi (CredAvenue)Fintech20172022$1.3 Billion
CommerceIQE-commerce Management Platform20122022$1 BIllion
OxyzoFintech20162022$1 BIllion
OneCardFintech20182022$1.4 Billion
MoglixB2B E-commerce20152021$2.6 Billion
NoBrokerPropTech20142021$1 BIllion
MobiKwikFintech20092021$1 BIllion
SpinnyAutomotive20152021$1.75 Billion
MPLESports20182021$2.3 Billion
AckoInsurtech20162021$1.1 Billion
ShareChatSocial Media20152021$5 Billion
EruditusEdtech20102021$3.2 Billion
upGradEdtech20152021$2.25 Billion
ApnaMarketplace- Employment20192021$1.1 Billion
Urban CompanyHome Services20142021$2.1 Billion
BharatPeFintech Payments20182021$2.85 Billion
CarDekhoE-commerce Automotives20072021$1.2 Billion
LiciousE-commerce Meat Products20152021$1.3 Billion
ZetwerkMarketplace- Consumer goods20182021$2.5 Billion
MeeshoE-commerce20152021$4.9 Billion
Blinkit (ex-Grofers)E-commerce- Groceries20132021$0.568 Billion
Pristyn CareHealthtech20182021$1.4 Billion
VedantuEdtech20112021$1 BIllion
UpstoxFintech20102021$3.4 Billion
SliceFintech20162021$1.4 Billion
CREDFinancial Technology20182021$6.4 Billion
CureFitHealthcare20162021$1.5 Billion
MamaearthE-commerce Personal Care20162021$1.07 Billion
Infra.MarketB2B E-commerce20162021$2.5 Billion
Five Star Business FinanceFinancial Services19842021$1.4 Billion
OfBusinessBuilding Materials20152021$5 Billion
CoinSwitch KuberCryptocurrencies20172021$1.9 Billion
CoinDCXCryptocurrency Exchange20182021$2.15 Billion
BlackBuckLogistics20152021$1.02 Billion
DroomMarketplace- Automotives20142021$1.2 Billion
PharmEasyOnline Pharmacy20152021$5.6 Billion
MyGlammPersonal Care Marketplace20152021$1.2 Billion
Digit InsuranceInsurance20162021$4 Billion
InnovaccerHealthcare20142021$3.2 Billion
GrowwFintech20172021$3 Billion
GupshupSoftware20042021$1.4 Billion
ChargebeeFinancial Services20112021$3.5 Billion
ZetaFintech20152021$1.5 Billion
BrowserStackCloud Infrastructure and Software20112021$4 Billion
Mohalla Tech (Moj)Software20152021$5 Billion
Matic Network / PolygonBlockchain20182021$10 Billion
MindTickleSaas- Enterprise Software20112021$1.2 Billion
Rebel FoodsE-commerce Food Delivery20112021$1.4 Billion
MensaFinancial Services20212021$1.2 Billion
GlobalBeesE-commerce Retail20212021$1.1 Billion
DailyhuntSocial News20072020$5 Billion
UnacademyEdtech20152020$3.4 Billion
Cars24B2C E-commerce20152020$3.3 Billion
Glance, InmobiMobile Technology20192020$1.8 Billion
RazorPayFintech20142020$7.5 Billion
ZerodhaStockbroker20102020$2 Billion
PhonePeFintech Payments20152020$5.5 Billion
FirstCryE-commerce20102020$2 Billion
NykaaE-commerce20122020$8.3 Billion
Pine LabsFintech19982020$5 Billion
HighradiusFintech20062020$3.1 Billion
Verse InnovationContent Technology20072020$5 Billion
ZenotiSaas- Spa and Salon Services20102020$1.5 Billion
PostmanSaas- API Development and Testing20142020$5.6 Billion
DelhiveryE-commerce Logistics Services20112019$4 Billion
IcertisSaas- Contract Management20092019$5 Billion
Ola ElectricAutomotive20172019$5 Billion
DruvaSaas- Data Management20082019$2 Billion
BigBasketE-commerce- Groceries20112019$2.7 Billion
RivigoLogistics20142019$1.09 Billion
LenskartE-commerce- Eyewear20102019$4.3 Billion
Dream11Fantasy Sports20082019$8 Billion
CitiusTechHealthcare Technology20052019$2.4 Billion
FreshworksSaaS – CRM20102018$3.5 Billion
UdaanE-commerce20162018$3.1 Billion
OYO RoomsHospitality20132018$9 Billion
Paytm MallE-commerce20172018$0.013 Billion
SwiggyFoodtech20142018$10.7 Billion
BYJU’SEdtech20112018$22 Billion
PolicybazaarInsurance company20082018$2.4 Billion
BilldeskFintech20002018$4.7 Billion
ReNew PowerRenewable Energy20112017$8 Billion
OLATransportation20102015$7.3 Billion
ZomatoFoodtech20082015$5.4 Billion
PaytmE-commerce Finance20102015$16 Billion
Mu SigmaSaaS- Analytics20042013$1.5 Billion
FlipkartE-commerce20072012$37.6 Billion
InMobiAdtech20072011$1 Billion
MakeMyTripOnline Travel20002010$2.52 Billion
List of 108 Unicorn Startups in India and Counting
Unicorn Startups in India
Unicorn Startups in India

List of Indian Unicorns with Their Founder(s) Name(s)

Company NameFounder(s) Name(s)
PaytmVijay Shekhar Sharma
OlaBhavish Aggarwal, Ankit Bhati
Byju’sByju Raveendran
ZomatoDeepinder Goyal, Pankaj Chaddah
FlipkartSachin Bansal, Binny Bansal
BigBasketHari Menon, V.S. Sudhakar, Vipul Parekh, Abhinay Choudhari
PolicyBazaarYashish Dahiya, Alok Bansal, Avaneesh Nirjar
QuikrPranay Chulet, Jiby Thomas
UdaanSujeet Kumar, Amod Malviya, Vaibhav Gupta
Dream11Harsh Jain, Bhavit Sheth
FreshworksGirish Mathrubootham, Shan Krishnasamy
InMobiNaveen Tewari, Mohit Saxena, Amit Gupta, Abhay Singhal
DelhiverySahil Barua, Suraj Saharan, Bhavesh Manglani, Kapil Bharati
RazorpayShashank Kumar, Harshil Mathur
UnacademyGaurav Munjal, Roman Saini, Hemesh Singh
Pine LabsLokvir Kapoor
NykaaFalguni Nayar
CarDekhoAmit Jain, Anurag Jain
SwiggySriharsha Majety, Nandan Reddy, Rahul Jaimini
LenskartPeyush Bansal
MoglixRahul Garg
BlackBuckRajesh Yabaji, Chanakya Hridaya, Ramasubramaniam B
MeeshoVidit Aatrey, Sanjeev Barnwal
Sixteen By Sixty FourAbhinav Tyagi
PharmEasyDharmil Sheth, Dhaval Shah
PostmanAbhinav Asthana, Ankit Sobti, Abhijit Kane
CREDKunal Shah
OfBusinessRuchi Kalra, Asish Mohapatra, Bhavesh Gupta
ZenotiSudheer Koneru
VedantuVamsi Krishna, Anand Prakash, Pulkit Jain
BounceVivekananda Hallekere, Varun Agni
RupeekSumit Maniyar, Srinivasan Ramakrishnan
UniphoreUmesh Sachdev, Ravi Saraogi
ChargebeeKrish Subramanian, KP Saravanan, Rajaraman Santhanam, Thiyagarajan T
PostscriptAlex Beller, David Dulitz
GupshupBeerud Sheth
BrowserStackNakul Aggarwal, Ritesh Arora
KreditBeeMadhusudan Ekambaram
ZetaBhavin Turakhia
EruditusChaitanya Kalipatnapu, Ashwin Damera
InnovaccerAbhinav Shashank, Kanav Hasija, Sandeep Gupta, Rajendra Bharti
ChargePointPasquale Romano
Fino Payments BankRishi Gupta
Infra.MarketSouvik Sengupta, Aaditya Sharda
DailyhuntUm

Why unicorns are important in India

Unicorns, or companies that are valued at more than $1 billion, are important in India for several reasons. Firstly, they are a symbol of the country’s growing economy and its potential to produce successful startups that can compete on a global scale. India has seen a significant increase in the number of unicorns in recent years, which is a testament to the country’s entrepreneurial spirit and the availability of capital and resources.

Secondly, unicorns are important because they create jobs and contribute to the economy. Many of these companies are in the technology sector, which is known for its high-paying jobs and ability to scale rapidly. This has a positive impact on the overall economy, as it creates more employment opportunities and generates more tax revenue for the government.

Thirdly, unicorns are important because they attract investment and spur innovation. The success of these companies attracts venture capitalists and other investors, who are eager to invest in the next big thing. This in turn creates a more competitive landscape, where startups are constantly pushing the boundaries of what is possible and creating new products and services that can benefit society.

Fourthly, unicorns are important because they have the potential to disrupt established industries and create new markets. Many of the companies on the list of Indian unicorns are in sectors such as e-commerce, healthcare, and fintech, which are ripe for disruption. By providing innovative solutions to long-standing problems, these companies can change the way we live and work.

Finally, unicorns are important because they inspire others to take risks and pursue their dreams. The success of these companies has created a culture of entrepreneurship in India, where more and more people are starting their own businesses and pursuing their passions. This has the potential to create a virtuous cycle of innovation and growth, where the next generation of unicorns emerge from the current crop of startups.

In conclusion, unicorns are important in India for many reasons. They are a symbol of the country’s growing economy, they create jobs and contribute to the economy, they attract investment and spur innovation, they have the potential to disrupt established industries and create new markets, and they inspire others to take risks and pursue their dreams. As such, they are a crucial part of the Indian startup ecosystem and will continue to play an important role in shaping the country’s future.