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

Editor Desk — Wed, 11 Oct 2023 04:25:56 +0000

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

The post India’s Thriving Unicorn Ecosystem: 110 Startups That Have Reached the Coveted Status appeared first on The India Bizz Startup News Website.

Indian Unicorns - The India Bizz Startup News Website

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

A Celebration for Indian Unicorns