India’s startup ecosystem has been on a remarkable journey, with a surge of companies achieving Unicorn status in recent years. A Unicorn is a privately held startup valued at $1 billion or more. These companies are at the forefront of innovation and play a significant role in shaping India’s economic landscape. As of 2022, there are 110 Indian startups that have earned the coveted Unicorn status.
A Celebration for Indian Unicorns
With Neobank Open achieving unicorn status, India has been a country of 100+ unicorns. The first unicorn was seen in India in 2011, and now, after a decade, India has crossed the mark of 100 unicorns. The combined valuation of India’s unicorns, which have raised a total of around $99 billion in funding, is more than $347 billion as of August 2023. The boasting of 100 unicorns is not a regular affair, and this is why the startup ecosystem has been tossing in joy and swelling with pride for quite some time now. In the meanwhile, many distinguished founders also voiced their thrill and joy for such an achievement.
The following table is sorted by the year startups are turned into a unicorn (Latest to oldest).
| Startup Name | Industry | Founding Year | Unicorn Entry Year | Profit/Loss FY22 | Current Valuation | Acquisitions | Status |
|---|---|---|---|---|---|---|---|
| Zepto | Quick Commerce | 2021 | 2023 | -$47.1 Million | $1.4 Billion | – | Private |
| Molbio Diagnostics | HealthTech, MedTech | 2010 | 2022 | NA | $1.5 Billion | 1 | Private |
| Tata 1mg | HealthTech | 2015 | 2022 | -$65 Million | $1.25 Billion | – | Acquired |
| Shiprocket | Logistics | 2017 | 2022 | -$11.67 Million | $1.3 Billion | 5 | Private |
| 5ire | Fintech | 2021 | 2022 | NA | $1.5 Billion | 1 | Private |
| OneCard | Fintech | 2018 | 2022 | -$22.8 Million | $1.4 Billion | 0 | Private |
| PhysicsWallah | Edtech | 2016 | 2022 | $16.4 Million | $1.1 Billion | 6 | Private |
| LeadSquared | SaaS- CRM | 2011 | 2022 | -$7.7 Million | $1 Billion | – | Private |
| ElasticRun | E-commerce Logistics | 2015 | 2022 | -$45.1 Million | $1.5 Billion | – | Private |
| LEAD | Edtech | 2012 | 2022 | -$49.6 Million | $1.1 Billion | 2 | Private |
| Purplle | E-commerce Personal Care | 2012 | 2022 | -$25 Million | $1.1 Billion | 1 | Private |
| DealShare | E-commerce | 2018 | 2022 | -$53.8 Million | $1.7 Billion | 0 | Private |
| Xpressbees | E-commerce Logistics | 2015 | 2022 | -$3.39 Million | $1.2 Billion | 1 | Private |
| Open | Fintech | 2017 | 2022 | -$20.9 Million | $1 Billion | 2 | Private |
| Games24x7 | Gaming | 2006 | 2022 | -$39 Million | $2.5 Billion | 0 | Private |
| Amagi | Media, Advertising | 2008 | 2022 | NA | $1.4 Billion | 1 | Private |
| Fractal | SaaS- Analytics | 2000 | 2022 | -$18.4 Billion | $1 Billion | 7 | Private |
| Darwinbox | SaaS- HR | 2015 | 2022 | -$7.6 Million | $1 Billion | 0 | Private |
| Livspace | E-commerce Interior Design | 2014 | 2022 | -$51 Million | $1.2 Billion | 4 | Private |
| Uniphore | SaaS- Conversational Automation | 2008 | 2022 | NA | $2.5 Billion | 5 | Private |
| Hasura | SaaS- Programming Tools | 2017 | 2022 | NA | $1 Billion | 0 | Private |
| Yubi (Formerly CredAvenue) | Fintech | 2017 | 2022 | -$7 million | $1.5 Billion | 3 | Private |
| CommerceIQ | E-commerce Management Platform | 2012 | 2022 | NA | $1 Billion | 0 | Private |
| Oxyzo | Fintech | 2016 | 2022 | $8.6 Million | $1 Billion | 0 | Private |
| Moglix | E-commerce | 2015 | 2021 | -$2.5 Million | $2.6 Billion | 2 | Private |
| NoBroker | PropTech | 2014 | 2021 | NA | $1 Billion | 1 | Private |
| MobiKwik | Fintech | 2009 | 2021 | -$16 Million | $0.9 Billion | 1 | Private |
| Spinny | Automotive, E-commerce | 2015 | 2021 | -$61.2 Million | $1.75 Billion | 3 | Private |
| MPL | ESports | 2018 | 2021 | -$56 Million | $2.3 Billion | 3 | Private |
| Acko | Insurtech | 2016 | 2021 | -$45.1 Million | $1.1 Billion | 2 | Private |
| ShareChat | Media & Entertainment | 2015 | 2021 | -$373 Million | $5 Billion | 6 | Private |
| Eruditus | Edtech | 2010 | 2021 | -$386.8 Million | $3.2 Billion | 1 | Private |
| upGrad | Edtech | 2015 | 2021 | -$78.3 Million | $2.25 Billion | 14 | Private |
| Apna | Marketplace- Employment | 2019 | 2021 | -$14 Million | $1.1 Billion | 0 | Private |
| Urban Company | Home Services | 2014 | 2021 | -$64 Million | $2.8 Billion | 3 | Private |
| BharatPe | Fintech Payments | 2018 | 2021 | -$702 Million | $2.9 Billion | 2 | Private |
| CarDekho | E-commerce Automotives | 2007 | 2021 | -$29 Million | $1.2 Billion | 3 | Private |
| Licious | E-commerce Meat Products | 2015 | 2021 | -$106 Million | $1.5 Billion | 0 | Private |
| Zetwerk | Manufacturing | 2018 | 2021 | -$10.4 Million | $2.7 Billion | 4 | Private |
| Meesho | E-commerce | 2015 | 2021 | -$406 Million | $4.9 Billion | 0 | Private |
| Blinkit (ex-Grofers) | E-commerce- Groceries | 2013 | 2021 | -$127 Million | $0.568 Billion | – | Acquired |
| Pristyn Care | Healthtech | 2018 | 2021 | NA | $1.4 Billion | 1 | Private |
| Vedantu | Edtech | 2011 | 2021 | -$87 Million | $1 Billion | 3 | Private |
| Upstox | Fintech | 2010 | 2021 | -$55.5 Million | $3.4 Billion | 0 | Private |
| Slice | Fintech | 2016 | 2021 | -$31 Million | $1.5 Billion | 1 | Private |
| CRED | Financial Technology | 2018 | 2021 | -$160 Million | $6.4 Billion | 4 | Private |
| Cult.fit | Healthtech | 2016 | 2021 | -$85 Million | $1.5 Billion | 14 | Private |
| Mamaearth | E-commerce Personal Care | 2016 | 2021 | $2.8 Million | $1.2 Billion | 4 | Private |
| Infra.Market | B2B E-commerce | 2016 | 2021 | $28.3 Million | $2.5 Billion | 3 | Private |
| Five Star Business Finance | Financial Services | 1984 | 2021 | – | $1.4 Billion | 0 | Listed |
| OfBusiness | Building Materials | 2015 | 2021 | $34.4 Million | $4.8 Billion | 1 | Private |
| CoinSwitch Kuber | Cryptocurrencies | 2017 | 2021 | NA | $1.9 Billion | 0 | Private |
| CoinDCX | Cryptocurrency Exchange | 2018 | 2021 | $5.1 Million | $2.15 Billion | 0 | Private |
| BlackBuck | Logistics | 2015 | 2021 | -$35 Million | $1.02 Billion | 0 | Private |
| Droom | Marketplace- Automotives | 2014 | 2021 | -$17 Million | $1.2 Billion | 1 | Private |
| PharmEasy | Online Pharmacy | 2015 | 2021 | NA | $5.6 Billion | 3 | Private |
| MyGlamm (Good Glamm Group) | Personal Care Marketplace | 2015 | 2021 | -$36 Million | $1.2 Billion | 7 | Private |
| Digit Insurance | Insurance | 2016 | 2021 | NA | $4 Billion | 1 | Private |
| Innovaccer | Healthcare | 2014 | 2021 | NA | $3.2 Billion | 0 | Private |
| Groww | Fintech | 2017 | 2021 | -$29.5 | $3 Billion | 1 | Private |
| Gupshup | Enterprisetech | 2004 | 2021 | $7.06 Million | $1.4 Billion | 5 | Private |
| Chargebee | Financial Services | 2011 | 2021 | $3.9 Million | $3.5 Billion | 3 | Private |
| Zeta | Fintech | 2015 | 2021 | NA | $1.5 Billion | 0 | Private |
| BrowserStack | Cloud Infrastructure and Software | 2011 | 2021 | $12.5 Million | $4 Billion | 3 | Private |
| Mohalla Tech (Moj) | Software | 2015 | 2021 | NA | $5 Billion | 6 | Private |
| Polygon (Formerly Matic Network) | Blockchain | 2018 | 2021 | NA | $10 Billion | 3 | Private |
| MindTickle | Saas- Enterprise Software | 2011 | 2021 | $3.5 Million | $1.2 Billion | 1 | Private |
| Rebel Foods | E-commerce Food Delivery | 2011 | 2021 | -$66.7 Million | $1.4 Billion | 1 | Private |
| Mensa Brands | Ecommerce, Financial Services | 2021 | 2021 | -$12 Million | $1.2 Billion | 20 | Private |
| GlobalBees | E-commerce Retail | 2021 | 2021 | -$4.4 Million | $1.1 Billion | 11 | Private |
| DailyHunt | Media & Entertainment | 2007 | 2020 | – | $5 Billion | 2 | Private |
| Unacademy | Edtech | 2015 | 2020 | -$357 Million | $3.4 Billion | 12 | Private |
| Cars24 | B2C E-commerce | 2015 | 2020 | -$31 Million | $3.3 Billion | 0 | Private |
| Glance, Inmobi | Mobile Technology | 2019 | 2020 | NA | $1.7 Billion | 2 | Private |
| RazorPay | Fintech | 2014 | 2020 | $1.14 Million | $7.5 Billion | 7 | Private |
| Zerodha | Stockbroker | 2010 | 2020 | $349.9 Million | $2 Billion | 0 | Private |
| PhonePe | Fintech | 2015 | 2020 | -$251.6 Million | $12 Billion | 6 | Acquired by Flipkart |
| FirstCry | E-commerce | 2010 | 2020 | $6.39 Million | $3 Billion | 2 | Private |
| Nykaa | E-commerce | 2012 | 2020 | $4.96 Million | $4.44 Billion | 6 | Listed |
| Pine Labs | Fintech | 1998 | 2020 | NA | $5 Billion | 6 | Private |
| HighRadius | Fintech | 2006 | 2020 | NA | $3.1 Billion | 0 | Private |
| Verse Innovation | Media & Entertainment | 2007 | 2020 | -$320 Million | $5 Billion | 3 | Private |
| Zenoti | Saas- Spa and Salon Services | 2010 | 2020 | NA | $1.5 Billion | 1 | Private |
| Postman | Saas- API Development and Testing | 2014 | 2020 | NA | $5.6 Billion | 0 | Private |
| Delhivery | E-commerce Logistics Services | 2011 | 2019 | -$128 Million | $3.27 Billion | 5 | Listed |
| Icertis | Saas- Contract Management | 2009 | 2019 | NA | $5 Billion | 0 | Private |
| Ola Electric | Automotive | 2017 | 2019 | NA | $5 Billion | 1 | Private |
| Druva | Saas- Data Management | 2008 | 2019 | NA | $2 Billion | 3 | Acquired |
| BigBasket | E-commerce- Groceries | 2011 | 2019 | -$100 Million | $3.2 Billion | 6 | Acquired |
| Rivigo | Logistics | 2014 | 2019 | -$21 Million | $1.05 Billion | 0 | Private |
| Lenskart | E-commerce- Eyewear | 2010 | 2019 | -$13.4 Million | $4.5 Billion | 2 | Private |
| Dream11 | Fantasy Sports | 2008 | 2019 | $37.8 Million | $8 Billion | 0 | Private |
| CitiusTech | Healthcare Technology | 2005 | 2019 | NA | $2.4 Billion | 3 | Private |
| Freshworks | SaaS – CRM | 2010 | 2018 | -$220 Million | $4.53 Billion | 13 | Listed |
| Udaan | E-commerce | 2016 | 2018 | -$220.9 Million | $3.1 Billion | 0 | Private |
| OYO | Travel Tech, Hospitality | 2013 | 2018 | -$263 Million | $10 Billion | 8 | IPO-Bound |
| Paytm Mall | E-commerce | 2017 | 2018 | -$65.6 Million | – | 0 | Private |
| Swiggy | Foodtech | 2014 | 2018 | -$453 Million | $5.5 Billion | 6 | Private |
| BYJU’S | Edtech | 2011 | 2018 | NA | $5.1 Billion | 19 | Private |
| Policybazaar | Insurance company | 2008 | 2018 | -$104 Billion | $3.38 Billion | 0 | Listed |
| Billdesk | Fintech | 2000 | 2018 | $27 Million | $2 Billion | 0 | Private |
| ReNew Power | Renewable Energy | 2011 | 2017 | NA | $8 Billion | 3 | Listed |
| OLA | Transport Tech | 2010 | 2015 | NA | $7.4 Billion | 8 | IPO-Bound |
| Zomato | Foodtech | 2008 | 2015 | -$153 Million | $5.4 Billion | 15 | Listed |
| Paytm | E-commerce Finance | 2010 | 2015 | -$214 Million | $16 Billion | 12 | Listed |
| Mu Sigma | SaaS- Analytics | 2004 | 2013 | NA | $1.5 Billion | 1 | Unlisted |
| Flipkart | E-commerce | 2007 | 2012 | -$307 Million | $37.6 Billion | 18 | Unlisted |
| InMobi | Adtech | 2007 | 2011 | -$9 Million | $1 Billion | 10 | Unlisted |
| MakeMyTrip | Online Travel | 2000 | 2010 | -$56 Million | $2.52 Billion | 9 | Listed |
