What do you mean by unicorn startup?
Unicorn startups are the ones whose valuation has surpassed the $1 billion mark. The term ‘unicorn’ was initially used by venture capitalist Aileen Lee in 2013.
Here are the top 10 unicorn startups in India by their valuation :
10. FreshWorks
Website: www.freshworks.com
Founded: 2010
Founders: Girish Mathrubootham, Shan Krishnasamy
Industry: IT
Valuation: $ 3.5 Billion
Freshworks provides intelligent customer engagement software for businesses of all sizes, allowing teams to earn customers for a lifetime.
Freshworks SaaS products are ready to go, easy to use, and offer quick returns on investment.
09. Swiggy
Website: www.swiggy.com
Founded: 2014
Founders: Nandan Reddy, Sriharsha Majety, Rahul Jaimini
Industry: Online Food Ordering
Valuation: $ 3.6 Billion
Swiggy is the largest online food ordering and delivery platform. Swiggy has its headquarters in Bangalore, India, and currently operates in more than 550 cities in India. The company delivers over 1.5 million food orders per day.
Swiggy co-founder and CEO Sriharsha Majety in an interview with Times Of India claimed Swiggy has a 60% revenue share in the online Indian food delivery market, higher than the rest of the players combined.
08. Dream11
Website: www.dream11.com
Founded: 2008
Founders: Harsh Jain, Bhavit Sheth
Industry: Fantasy Sport
Valuation: $ 5 Billion
Dream11 is a fantasy sports platform that allows users to play fantasy cricket, hockey, football, kabaddi, and basketball. In the year 2020, the company reported 100 million registered users. It is the leading fantasy platform in India.
07. Zomato
Website: www.zomato.com
Founded: 2008
Founders: Deepinder Goyal, Pankaj Chaddah
Industry: Online Food Ordering
Valuation: $ 5.4 Billion
Zomato is a food delivery startup is founded in July 2008 as Foodibay and was renamed Zomato on 18 January 2010. It provides services in 24 countries and more than 10,000+ cities.
06. Snapdeal
Website: www.snapdeal.com
Founded: 2010
Founder: Kunal Bahl, Rohit Bansal
Industry: E-commerce
Valuation: $ 6.5 Billion
Snapdeal is an Indian e-commerce company based in New Delhi, India. The company was founded in February 2010 by Kunal Bahl and Rohit Bansal. Snapdeal has more than 5 lakh vendors who have more than 200 million products in the market.
05. Ola
Website: www.olacabs.com
Founded: 2010
Founder: Bhavish Aggarwal, Ankit Bhati
Industry: Transportation
Valuation: $ 6.7 Billion
Ola is an Indian ridesharing company that provides cabs facilities over top cities. It also operates in overseas countries like Australia, New Zealand, and the United Kingdom.
OLA has over 1.5 million drivers spread across over 250 cities.
04. OYO
Website: www.oyorooms.com
Founded: 2013
Founder: Ritesh Agarwal
Industry: Hospitality
Valuation: $ 10 Billion
OYO works in the hospitality industry with an app-based hotel room booking service. OYO has one of the biggest hotel networks worldwide. It provides the best hotel rooms to the customer at an affordable price. It serves in 240+ cities with 44,000+ hotels and over 1.2 million rooms.
03. BYJU’S
Website: www.byjus.com
Founded: 2011
Founder: Byju Raveendran and Divya Gokulnath
Industry: Online Education
Valuation: $ 12 Billion
Byju’s is an online learning platform for students. It provides the user with free access to the content for fifteen days. It provides educational content for classrooms 4 to 12 students. Now, they also train students for exams like IIT-JEE, NEET, CAT, and IAS. It has reported 40+ million registered users.
02. Paytm
Website: www.paytm.com
Founded: 2010
Founder: Vijay Shekhar Sharma
Industry: Financial Services, E-commerce, Payment System
Valuation: $ 16 Billion
Paytm is an Indian e-commerce payment system and fintech company that provides various services like money-transfer service, mobile recharges, DTH recharges, and much more.
In 2010, Paytm started as an online platform in which user do their mobile or DTH recharges through mobile applications anywhere, the user doesn’t need to go anywhere for a particular service. Now Paytm offers its services to almost all departments that accept online payments.
In August 2015, Paytm launched India’s first digital banking platform. In 2017, Paytm was the first payment application to cross over 100 million downloads.
After the financial and payment system, in February 2017, Paytm stepped into the e-commerce marketplace and launched an online platform called the Paytm Mall App.
01. Flipkart
Website: www.flipkart.com
Founded: 2007
Founder: Sachin Bansal, Binny Bansal
Industry: Online shopping
Valuation: $ 23 Billion
Flipkart is the largest e-commerce retailer with a 39.5% market share in India. It receives over 2 lakh product orders every day in India.
Flipkart is the #1 Unicorn company in India. Flipkart began with a development budget of US$5,600. Today, the figure is estimated at $23 billion.
India is the third-largest startup ecosystem in the world. Many unicorn start-ups have been established in India.
With the emergence of numerous unicorns in India, the future of successful startups is promising, and India could become a global unicorn hub in the future.
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