India’s Thriving Unicorn Ecosystem: 110 Startups That Have Reached the Coveted Status

460
India's Thriving Unicorn Ecosystem

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 NameIndustryFounding YearUnicorn Entry YearProfit/Loss FY22Current ValuationAcquisitionsStatus
ZeptoQuick Commerce20212023-$47.1 Million$1.4 BillionPrivate
Molbio DiagnosticsHealthTech, MedTech20102022NA$1.5 Billion1Private
Tata 1mgHealthTech20152022-$65 Million$1.25 BillionAcquired
ShiprocketLogistics20172022-$11.67 Million$1.3 Billion5Private
5ireFintech20212022NA$1.5 Billion1Private
OneCardFintech20182022-$22.8 Million$1.4 Billion0Private
PhysicsWallahEdtech20162022$16.4 Million$1.1 Billion6Private
LeadSquaredSaaS- CRM20112022-$7.7 Million$1 BillionPrivate
ElasticRunE-commerce Logistics20152022-$45.1 Million$1.5 BillionPrivate
LEADEdtech20122022-$49.6 Million$1.1 Billion2Private
PurplleE-commerce Personal Care20122022-$25 Million$1.1 Billion1Private
DealShareE-commerce20182022-$53.8 Million$1.7 Billion0Private
XpressbeesE-commerce Logistics20152022-$3.39 Million$1.2 Billion1Private
OpenFintech20172022-$20.9 Million$1 Billion2Private
Games24x7Gaming20062022-$39 Million$2.5 Billion0Private
AmagiMedia, Advertising20082022NA$1.4 Billion1Private
FractalSaaS- Analytics20002022-$18.4 Billion$1 Billion7Private
DarwinboxSaaS- HR20152022-$7.6 Million$1 Billion0Private
LivspaceE-commerce Interior Design20142022-$51 Million$1.2 Billion4Private
UniphoreSaaS- Conversational Automation20082022NA$2.5 Billion5Private
HasuraSaaS- Programming Tools20172022NA$1 Billion0Private
Yubi (Formerly CredAvenue)Fintech20172022-$7 million$1.5 Billion3Private
CommerceIQE-commerce Management Platform20122022NA$1 Billion0Private
OxyzoFintech20162022$8.6 Million$1 Billion0Private
MoglixE-commerce20152021-$2.5 Million$2.6 Billion2Private
NoBrokerPropTech20142021NA$1 Billion1Private
MobiKwikFintech20092021-$16 Million$0.9 Billion1Private
SpinnyAutomotive, E-commerce20152021-$61.2 Million$1.75 Billion3Private
MPLESports20182021-$56 Million$2.3 Billion3Private
AckoInsurtech20162021-$45.1 Million$1.1 Billion2Private
ShareChatMedia & Entertainment20152021-$373 Million$5 Billion6Private
EruditusEdtech20102021-$386.8 Million$3.2 Billion1Private
upGradEdtech20152021-$78.3 Million$2.25 Billion14Private
ApnaMarketplace- Employment20192021-$14 Million$1.1 Billion0Private
Urban CompanyHome Services20142021-$64 Million$2.8 Billion3Private
BharatPeFintech Payments20182021-$702 Million$2.9 Billion2Private
CarDekhoE-commerce Automotives20072021-$29 Million$1.2 Billion3Private
LiciousE-commerce Meat Products20152021-$106 Million$1.5 Billion0Private
ZetwerkManufacturing20182021-$10.4 Million$2.7 Billion4Private
MeeshoE-commerce20152021-$406 Million$4.9 Billion0Private
Blinkit (ex-Grofers)E-commerce- Groceries20132021-$127 Million$0.568 BillionAcquired
Pristyn CareHealthtech20182021NA$1.4 Billion1Private
VedantuEdtech20112021-$87 Million$1 Billion3Private
UpstoxFintech20102021-$55.5 Million$3.4 Billion0Private
SliceFintech20162021-$31 Million$1.5 Billion1Private
CREDFinancial Technology20182021-$160 Million$6.4 Billion4Private
Cult.fitHealthtech20162021-$85 Million$1.5 Billion14Private
MamaearthE-commerce Personal Care20162021$2.8 Million$1.2 Billion4Private
Infra.MarketB2B E-commerce20162021$28.3 Million$2.5 Billion3Private
Five Star Business FinanceFinancial Services19842021$1.4 Billion0Listed
OfBusinessBuilding Materials20152021$34.4 Million$4.8 Billion1Private
CoinSwitch KuberCryptocurrencies20172021NA$1.9 Billion0Private
CoinDCXCryptocurrency Exchange20182021$5.1 Million$2.15 Billion0Private
BlackBuckLogistics20152021-$35 Million$1.02 Billion0Private
DroomMarketplace- Automotives20142021-$17 Million$1.2 Billion1Private
PharmEasyOnline Pharmacy20152021NA$5.6 Billion3Private
MyGlamm (Good Glamm Group)Personal Care Marketplace20152021-$36 Million$1.2 Billion7Private
Digit InsuranceInsurance20162021NA$4 Billion1Private
InnovaccerHealthcare20142021NA$3.2 Billion0Private
GrowwFintech20172021-$29.5$3 Billion1Private
GupshupEnterprisetech20042021$7.06 Million$1.4 Billion5Private
ChargebeeFinancial Services20112021$3.9 Million$3.5 Billion3Private
ZetaFintech20152021NA$1.5 Billion0Private
BrowserStackCloud Infrastructure and Software20112021$12.5 Million$4 Billion3Private
Mohalla Tech (Moj)Software20152021NA$5 Billion6Private
Polygon (Formerly Matic Network)Blockchain20182021NA$10 Billion3Private
MindTickleSaas- Enterprise Software20112021$3.5 Million$1.2 Billion1Private
Rebel FoodsE-commerce Food Delivery20112021-$66.7 Million$1.4 Billion1Private
Mensa BrandsEcommerce, Financial Services20212021-$12 Million$1.2 Billion20Private
GlobalBeesE-commerce Retail20212021-$4.4 Million$1.1 Billion11Private
DailyHuntMedia & Entertainment20072020$5 Billion2Private
UnacademyEdtech20152020-$357 Million$3.4 Billion12Private
Cars24B2C E-commerce20152020-$31 Million$3.3 Billion0Private
Glance, InmobiMobile Technology20192020NA$1.7 Billion2Private
RazorPayFintech20142020$1.14 Million$7.5 Billion7Private
ZerodhaStockbroker20102020$349.9 Million$2 Billion0Private
PhonePeFintech20152020-$251.6 Million$12 Billion6Acquired by Flipkart
FirstCryE-commerce20102020$6.39 Million$3 Billion2Private
NykaaE-commerce20122020$4.96 Million$4.44 Billion6Listed
Pine LabsFintech19982020NA$5 Billion6Private
HighRadiusFintech20062020NA$3.1 Billion0Private
Verse InnovationMedia & Entertainment20072020-$320 Million$5 Billion3Private
ZenotiSaas- Spa and Salon Services20102020NA$1.5 Billion1Private
PostmanSaas- API Development and Testing20142020NA$5.6 Billion0Private
DelhiveryE-commerce Logistics Services20112019-$128 Million$3.27 Billion5Listed
IcertisSaas- Contract Management20092019NA$5 Billion0Private
Ola ElectricAutomotive20172019NA$5 Billion1Private
DruvaSaas- Data Management20082019NA$2 Billion3Acquired
BigBasketE-commerce- Groceries20112019-$100 Million$3.2 Billion6Acquired
RivigoLogistics20142019-$21 Million$1.05 Billion0Private
LenskartE-commerce- Eyewear20102019-$13.4 Million$4.5 Billion2Private
Dream11Fantasy Sports20082019$37.8 Million$8 Billion0Private
CitiusTechHealthcare Technology20052019NA$2.4 Billion3Private
FreshworksSaaS – CRM20102018-$220 Million$4.53 Billion13Listed
UdaanE-commerce20162018-$220.9 Million$3.1 Billion0Private
OYOTravel Tech, Hospitality20132018-$263 Million$10 Billion8IPO-Bound
Paytm MallE-commerce20172018-$65.6 Million0Private
SwiggyFoodtech20142018-$453 Million$5.5 Billion6Private
BYJU’SEdtech20112018NA$5.1 Billion19Private
PolicybazaarInsurance company20082018-$104 Billion$3.38 Billion0Listed
BilldeskFintech20002018$27 Million$2 Billion0Private
ReNew PowerRenewable Energy20112017NA$8 Billion3Listed
OLATransport Tech20102015NA$7.4 Billion8IPO-Bound
ZomatoFoodtech20082015-$153 Million$5.4 Billion15Listed
PaytmE-commerce Finance20102015-$214 Million$16 Billion12Listed
Mu SigmaSaaS- Analytics20042013NA$1.5 Billion1Unlisted
FlipkartE-commerce20072012-$307 Million$37.6 Billion18Unlisted
InMobiAdtech20072011-$9 Million$1 Billion10Unlisted
MakeMyTripOnline Travel20002010-$56 Million$2.52 Billion9Listed

LEAVE A REPLY

Please enter your comment!
Please enter your name here