What do you know about the Startup and Unicorn?
Well, Startup is the beginning of a new business adventure while Unicorn is a company that has the valuation of one billion dollar or above!
Sounds interesting?
Yeah, it is. So here are the top 10 unicorn startup companies of India with lots of useful details.
Keep reading, keep learning!
What is a Unicorn Startup?
Unicorn Startup is made with these two words, ‘Unicorn’ and ‘Startup’. Unicorn is a business term that can be defined as a startup that has a value of over $1 billion. The term was coined by a venture capitalist and a seed investor called Aileen Lee.
Startups basically are companies that are privately held. Generally, startups in their business are at an early stage of their development.
Related: You need the AI Marketing Tools for the growth of your Startup
Tell me more about Unicorn Startups
In general, unicorn startups are innovative companies that provide products or services across diverse sectors such as technology, e-commerce, finance, and healthcare, among others. They generally experience rapid growth. Venture capitalists and other investors make huge investments in them.
However, most of these companies use advanced technologies, business models, or marketing strategies to develop a competitive edge and then seize a big share of the market.
Also read: Safeguard your Startup with Inclave Login online security
Top 10 Unicorn Startup Companies in India 2024
Here is a list of top 10 Unicorn Startup companies in India that may help you find the inspiration to start your very own startup journey.
Zepto
1. Zepto
- Founded: 2021
- Founders: Aadit Palicha and Kaivalya Vohra
- Investors: Nexus Venture Partners, Glade Brook Capital
- Sector: E-Commerce (Groceries)
- Valuation: $1.4 billion
Overview: Zepto has transformed the grocery delivery landscape with its promise of delivering groceries within minutes. Valued at $1.4 billion, the company is growing rapidly into urban India with investment by investors like Nexus Venture Partners.
MoneyView
2. MoneyView
- Founded: 2014
- Founder: Puneet Agarwal
- Investors: Accel Partners, Nexus Ventures
- Sector: FinTech
- Valuation: $1.2 billion
Overview: MoneyView offers personal finance management tools and loan solutions. The fintech startup has maintained a valuation of $1.2 billion after receiving colossal funding from Accel Partners and Nexus Ventures, which have also made financial literacy available to the masses.
LeadSquared
3. LeadSquared
- Founded: 2011
- Founder: Nilesh Patel
- Investors: WestBridge Capital, Gaja Capital
- Sector: SaaS (CRM)
- Valuation: $1 billion
Overview: LeadSquared is an end-to-end CRM solution provider for businesses to streamline sales and marketing. It has received $1 billion valuation by WestBridge Capital and Gaja Capital. It serves in sectors such as education and healthcare.
Purplle
4. Purplle
- Founded: 2012
- Founders: Manish Taneja and Rahul Dash
- Investors: JSW Ventures, IvyCap Ventures
- Sector: E-Commerce (Beauty)
- Valuation: $1.1 billion
Overview: Purplle is an e-commerce marketplace that deals with beauty products. It has received $1.1 billion in funds from JSW Ventures and IvyCap Ventures. The company is trying to rewrite the book for Indian luxury beauty shopping.
Ather Energy
5. Ather Energy
- Founded: 2013
- Founders: Tarun Mehta and Swapnil Jain
- Investors: Hero MotoCorp, Accel Partners
- Sector: Electric Vehicles
- Valuation: $1 billion
Overview: Ather Energy stands out as a leader in the electric vehicle space with its groundbreaking scooters. Valued at $1 billion, with backing from Hero MotoCorp and Accel Partners, it is setting off on the journey toward sustainable transportation in India.
Games24x7
6. Games24x7
- Founded: 2006
- Founders: Bhavin Pandya and Trivikraman Thampy
- Investors: Malabar Investments, Tiger Global Management
- Sector: Gaming
- Valuation: $2.5 billion
Overview: Games24x7 is a fantasy sports platforms and casual games provider that has become a leading player in the gaming industry after it was valued at $2.5 billion. The platform has investments from Malabar Investments and Tiger Global Management.
DealShare
7. DealShare
- Founded: 2018
- Founder: Vineet Rao
- Investors: Tiger Global Management, Alpha Wave Global
- Sector: E-Commerce
- Valuation: $1.62 billion
Overview: DealShare has focused on social commerce through grocery and essential shopping in regional languages. With an investors’ valuation of $1.62 billion, the company is growing rapidly across India.
Oxyzo
8. Oxyzo
- Founded: 2016
- Founders: Ritesh Kumar
- Investors: Matrix Partners India, Gaja Capital
- Sector: FinTech (Supply Chain Financing)
- Valuation: $1 billion
Overview: Oxyzo is a financial company providing credit solutions to SMEs. Its valuation of $1 billion places it at a high rank in facilitating credit access among supply chain financing sector.
ElasticRun
9. ElasticRun
- Founded: 2016
- Founders: Sandeep Deshmukh
- Investors: Kalaari Capital, Avataar Ventures
- Sector: Logistics
- Valuation: $1.4 billion
Overview: ElasticRun connects brands directly to rural customers through an efficient network of logistics. Valued at $1.4 billion by Kalaari Capital and Avataar Ventures, it increases the efficiency of the supply chain in remote regions.
Perfios
10. Perfios
- Founded: 2011
- Founder: Arun Kumar
- Investors: Bessemer Venture Partners, Kedaara Capital
- Sector: FinTech (Credit Assessment)
- Valuation: $1 billion
Overview: Perfios excels in credit assessment solutions for financial institutions. This fintech startup had reached the valuation of $1 billion in a pretty short time frame, raising investment from Bessemer Venture Partners and Kedaara Capital.
Also read: Learn about the Best Password Manager for your Startup
Conclusion
These ten unicorn startups represent the innovative and resilient nature of the Indian startup ecosystem as each shows strong growth across sectors such as e-commerce, fintech, gaming, and electric vehicles.
Each one of these companies surely truly makes India shine on the entrepreneurial spirit canvas though equally significantly adding to the growth of its economy in many ways through employment and technological development.
These unicorns keep on unlocking ways for future startups that wish to reach such enormous heights in this fast-changing scenario, spreading their business wings across regions within the country and aboard.
