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India is anticipating to have over 93 unicorn startups in 2022, making it the world’s fastest-growing startup ecosystem. Unicorn startups have gained huge reputation in right now’s society; but, establishing one is precarious. Climbing the unicorn ladder takes quite a lot of exhausting work, devotion, and perseverance all through the startup’s journey.  

The time period “Unicorn Startup” is made up of two phrases: “Unicorn” and “Startup.” Unicorns are startups with a market capitalization of greater than $1 billion. The time period “Unicorn Startup” is coined by Aileen Lee. Aileen Lee is a capitalist, investor and founding father of Cowboy Ventures. Startups, alternatively, are privately owned companies which are usually within the early levels of growth.

For the 12 months 2021, the nation was ranked because the third finest nation for internet hosting unicorn enterprises. With 33 unicorn corporations, India has pushed the UK out of third place, the place solely 15 unicorns had been created in the identical 12 months. In 2021, america added 254 unicorns, whereas China added 74 unicorns, bringing the whole variety of unicorns to 487 and 301, respectively.

Following are some prime unicorn startups of India:

Begin-up concept

InMobi

InMobi is a cellular promoting platform established in Bengaluru that aids within the optimization of the ranks of ads obtainable on cellphones. The promoting platform was the primary unicorn startup in India, and therefore the forerunner of the unicorn league of Indian startups that adopted. It was began in January 2007 and was the primary unicorn startup in India.

Flipkart

Flipkart, India’s hottest eCommerce website, requires no introduction as a result of the Large Billion Days are one of the vital anticipated on-line occasions for hundreds of thousands of Indians. After inMobi, the primary Indian unicorn, Flipkart was one among the many first Indian unicorns to attain unicorn valuation within the 2011-2012 interval. As of 2022, the Sachin Bansal and Binny Bansal-founded agency has a market capitalization of round $37.6 billion, making it probably the most precious Indian firm.

BharatPe

BharatPe is a digital funds app, service provider aggregator, and funds platform based mostly in India that promotes QR and POS funds. It’s a personal restricted company referred to as Resilient Improvements Personal Restricted, slightly than a authorities entity. The New- Delhi based mostly firm, elevated its price to $2.85 billion and joined the unicorn membership.

Dream11

Dream11 is an Indian fantasy sports activities platform that enables Indian sports activities followers to take part in quite a lot of sports activities, together with cricket, soccer, hockey, volleyball, handball, futsal, and rugby. The fantasy sport app joined the unicorn group of Indian startups in April 2019 after elevating $60 million in funding from Steadview Capital and others.

PhonePe

PhonePe is a digital fee and service provider aggregation platform that has already made a big contribution to creating digital funds for Indian customers and retailers easy, quick, and easy. The startup, which was based in 2015 and is headquartered in Andheri, Maharashtra, India, claims to have the best market share amongst UPI apps. The corporate has proven super growth potential and has already achieved unicorn standing earlier than 2020. Flipkart bought the corporate in April 2016, and it has skilled important growth since then.

BYJU’S

Byju’s is an edtech platform located in Bangalore. It’s a freemium on-line tuition and training firm that was based in 2011. Byju’s, based by Byju Raveendran, is utilized by over 15 million college students worldwide and has over 900,000 paid prospects. Its present market capitalization is $16.5 billion USD.

OLA Cabs

Ola Cabs is an Indian ride-hailing service that started operations on December 3, 2010. It has over 1.5 million drivers throughout 250 cities as of 2019. In September 2018, Ola expanded its community into its first abroad market, Australia, in addition to New Zealand. Ola commenced operations in the UK with the introduction of auto rickshaws.

OYO Rooms

OYO is one in all India’s hottest journey corporations. India’s largest hospitality firm, based by 21-year-old Ritesh Agarwal in 2013, consists of cheap motels. The agency collaborates with established motels to offer vacationers with unoccupied rooms at a decrease price. The price of an OYO room begins at Rs. 999. They’ve invested in their very own properties along with bulk renting motels.

Swiggy

Swiggy is a nicely regarded on-line meal ordering and supply service. Nandan Reddy, Sriharsha Majety, and Rahul Jaimini began Swiggy in 2014. Swiggy Shops was launched in early 2019 as an extension of Swiggy’s broad product supply service. Swiggy at present has over 5,000,000 cellular app installations.

Zomato

Zomato is a web based platform based mostly for meal supply companies immediately from close by eating places.  Deepinder Goyal and Pankaj Chaddah established meals based mostly app, Zomato in 2008. Zomato offers its consumer the whole lot, from menus to opinions to platter of the day. Meals expertise software is a department of meals science that manages the producing varieties that produce Meals Techs.

Freshworks

Freshworks offers cutting-edge buyer engagement software program to a variety of corporations of all sizes and kinds. The corporate was based in Chennai in 2010 and now has its headquarters in San Mateo, California. Its options assist ship a 360-degree perspective of shoppers. Freshworks was inducted into the coveted unicorn membership of Indian corporations in July 2018, making it the nation’s first SaaS unicorn startup.

upGrad

upGrad is a web based tutoring programme for people fascinated by pursuing a better schooling. The net ed-platform delivers a large selection of industry-ready programs, together with Bachelor’s levels, MBAs, Information Science, and Machine Studying programs, and extra, by partnering with a number of the world’s best universities. With the assist of a $185 million financing, the corporate expanded to unicorn standing.

MakeMyTrip

Deep Kalra launched MakeMyTrip, one in all India’s hottest on-line journey corporations, in 2000. The corporate’s headquarters are in Gurgaon, and it’s identified for companies corresponding to arranging trip packages, resort reservations, film tickets, and even odd journey by way of planes, buses, trains, and autos. MakeMyTrip is at present current in 14 cities around the globe, with over 30 franchise places in 28 Indian cities. The route planner perform on MakeMyTrip provides customers entry to fundamental data on over a million routes throughout India.

Nykaa

Falguni Nayar based Nykaa, a famend cosmetics-based ecommerce firm, in 2012. Nykaa’s headquarters are in Mumbai, Maharashtra, and is wildly well-liked for offering quite a lot of cosmetics, skincare, and wellness merchandise. Along with its on-line storefronts, the corporate has over 26 offline places throughout India and was named a Unicorn startup in 2020. The location has supplied a whooping variety of 200,000 merchandise from 2000 nationwide and worldwide manufacturers. Nykaa has prime Bollywood actresses Alia Bhatt and Katrina Kaif as model ambassadors.

Policybazaar

Policybazaar is one in all India’s most well-known and reliable insurance coverage corporations. Yashish Dahiya, Alok Bansal, and Avaneesh Nirjar based the corporate in 2008. The corporate started as an insurance coverage comparability web site, however as time went on, it expanded to incorporate quite a lot of insurance policy corresponding to life insurance coverage, medical health insurance, auto insurance coverage, and even journey insurance coverage. Policybazaar.com is the nation’s largest insurance coverage agency and can also be well-known within the United Arab Emirates. Policybazaar is a web site and cellular app that enables prospects to check monetary companies from the very best insurance coverage suppliers.

Blackbuck

Blackbuck is a truck aggregator that goals to unravel the transportation and logistical difficulties of innumerable Indians. It is without doubt one of the largest truck aggregators in India. Immediately, Blackbuck claims to have India’s largest transportation community, full with freight and fleet administration expertise platforms. The truck firm has a wonderful fleet of over 12,00,000 vehicles. They work at over 2000 websites and have 15,000 pleased prospects.

Droom

Droom is a digital platform for used cars, bikes, scooters, and different autos. The corporate is run by cutting-edge information science expertise. Droom easily guides its customers in shopping for and promoting autos and different items and companies. Droom is India’s largest automobile platform on-line, with a large 80% market share of on-line vehicle transactions. Additionally it is one of many nation’s main E-Commerce enterprises.

Verse Innovation

Dailyhunt, the premier vernacular information aggregation platform, is owned by VerSe Innovation. Verse Innovation, based mostly in Bengaluru, is an area language expertise platform that now powers two of the most well-liked Indian functions, Josh and Dailyhunt, with a mixed consumer base of over 300 million. In December 2020, VerSe Innovation raised near $100 million from a slew of traders, together with Google, Microsoft, Falcon Edge’s Alpha Wave Incubation, Sequoia Capital India, Sofina Group, and others, to affix India’s coveted unicorn membership.

MyGlamm

MyGlamm is a direct-to-consumer (D2C) magnificence and cosmetics firm that gives a wide array of things to stylists, beauticians, and others by way of an e-commerce market. On November 9, 2021, MyGlamm turned a unicorn firm after elevating $150 million in funding from Prosus Ventures and others. MyGlamm was the thirty fourth Indian agency to grow to be a unicorn in 2021, and the 76th Indian firm general to affix India’s prestigious unicorn membership.

Meesho

Vidit Aatrey and Sanjeev Barnwal, classmates, created Meesho, a famend Indian social E-commerce startup, in 2015. The corporate is headquartered in Bengaluru, Karnataka, and it was designated as a Unicorn as a result of it assists small and medium enterprises. The E-commerce platform additionally helps people in establishing their on-line shops utilizing a number of social media platforms corresponding to Fb, Instagram, and Whatsapp. In India, it’s estimated that there are 2.6 million resellers. 

The quick paced and flourishing Unicorns are an necessary a part of the Indian economic system. The Unicorn startups present modern technological options and huge scale employment throughout the nation. Unicorns could possibly be India’s subsequent finest choice to revive the pandemic hit economic system. 

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