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Unicorn Startup – Top 30 Unicorn Startups in India (2020)
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A unicorn startup is a company that is valued over $1 billion. In this article, we are going to cover the top 30 unicorn startups in India that belong to different sectors.

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A unicorn company or startup is defined as a privately held startup company that is valued at over $1 billion. This term was coined in the year 2013 by the venture capitalist, Aileen Lee (1), choosing a mythical animal for the representation of a statistical rarity of successful ventures.  Below listed are some well known Unicorn Startups.

 

TimesNext Gang – Gain Funding for your Startup

Join the TimesNext Startup Accelerator Program 2020 and get a chance to bag a startup funding of up to Rs 10 lacs.
Join the TimesNext Startup Accelerator Program 2020 and get a chance to bag a startup funding of up to Rs 10 lacs.

Do you see your startup soaring heights in the coming years? Do you believe that your startup idea can cause a disruption in the market, just like these unicorn startups or unicorn companies in India? Join TimesNext Startup Acceleration Program and gain a chance to accumulate startup funding to kickstart their business.

Under the TimesNext Startup Accelerator Program, you’ll be able to gain venture capital funding of up to Rs 10 lacs to help you start the operations of your startup with the right financial support. Through the TimesNext Gang, TimesNext aims to build a strong community of the top innovative startups who can be the upcoming unicorn startups of the coming years. 

You must fulfill the following conditions to be a part of the TimesNext Startup Accelerator Program:

  • You are in the initial stages of your startup or are yet to begin your operations.
  • You believe that your startup has high growth potential if provided with the right monetary resources.
  • You have a small yet dedicated team of talented members.

Read more about TimesNext Gang here.

Apply for the TimesNext Startup Accelerator Program 2020 here.

 

A. Consumer Services (Unicorn Startup):

Consumer services refer to startups in hyperlocal and food delivery space. This is one of the renowned sectors of the Indian startup ecosystem. In 2019, consumer services startups raised $176 overall with 33% of deals coming in the FMCG startups. Below listed are the unicorns of this sector:

1. Quikr

  • Year of the launch: 2008
  • Founders: Jiby Thomas and Pranay Chulet
  • Headquarters: At Bengaluru
  • Total Funding: $430 
  • Key Investors: Kinnevik AB, Tiger Global Management, Brand Capital, NGP Capital, Warburg Pincus are the key investors.
  • Unicorn Startup Since: The year 2015

Check out the latest news on Quikr here.

 

2. Zomato

  • Year of Launch: 2008
  • Founders: Deepinder Goyal and Pankaj Chaddah
  • Headquarters: At Delhi-NCR
  • Total Funding: $775
  • Key Investors: Sequoia Capital, Temasek Holdings, InfoEdge, Ant Financial, Vy Capital, etc
  • Unicorn Startup Since: The year 2015

Check out the latest news on Zomato here.

 

3. Hike

  • Year of Launch: 2012
  • Founder: Kavin Bharti Mittal
  • Headquarters: At Delhi-NCR
  • Total Funding: $261 
  • Key Investors: Bharti SoftBank, Foxconn Technology Group, Tiger Global Management, Tencent Holdings, and so on.
  • Unicorn Startup Since: The year 2016

 

4. Info Edge

Unicorn Startup

  • Year of Launch: 1995
  • Founder: Sanjeev Bikhchandani
  • Headquarters: At Delhi-NCR
  • Funding: By the Public Company
  • Unicorn Startup Since: The year 2014

 

5. BigBasket

  • Year of Launch: 2011
  • Founders: Abhinay Choudhari, Hari Menon, Vipul Parekh, and VS Sudhakar
  • Headquarters: At Bengaluru
  • Total Funding: $1.02 
  • Key Investors: Alibaba Group, Paytm Mall, Helion Venture Partners,  
  • Bessemer Venture Partners, LionRock Capital, Abraaj Group and Helion Venture Partners,
  • Unicorn Startup Since: The year 2019

Check out the latest news on BigBasket here.

 

6. Swiggy

Unicorn Startup

  • Year of Launch: 2014
  • Founders: Nandan Reddy, Rahul Jaimini and Sriharsha Majety
  • Headquarters: At Bengaluru
  • Total Funding: $1.27 
  • Key Investors: DST Global, Bessemer Venture Partners, Norwest Venture Partners, Accel, SAIF Partners and Naspers,
  • Unicorn Startup Since: The year 2018

Check out the latest news on Swiggy here.

 

B. Ecommerce (Unicorn companies in India)

The ecommerce sector is one of the most crucial in the Indian market from the point of view of startups as many other sectors have relied upon the growth of the ecommerce sector for their growth. Over 21 deals in the year 2019, ecommerce startups raised $381. Following brands come under this sector:

7. Flipkart

  • Year of Launch: 2007
  • Founders: Sachin Bansal and Binny Bansal
  • Headquarters: At Bengaluru
  • Total Funding: $7.3
  • Key Investors: SoftBank, Microsoft, Tencent, eBay, Steadview Capital, DST Global, Accel Partners, Naspers, Tiger Global Management, etc 
  • Unicorn Startup Since: The year 2012

Check out the latest news on Flipkart here.

 

8. Snapdeal

  • Year of Launch: 2010
  • Founders: Kunal Bahl, and Rohit Bansal
  • Headquarters: At Delhi-NCR
  • Total Funding: $ 1.8 
  • Key Investors: SoftBank, Kalaari Capital, Foxconn Tech, Blackrock, RuNet Holdings, Alibaba, etc
  • Unicorn Startup Since: The year 2014

Check out the latest news on Snapdeal here.

 

9. Paytm Mall

Unicorn Startup

  • Year of Launch: 2016
  • Founder: Vijay Shekhar Sharma
  • Headquarters: At Delhi-NCR
  • Total Funding: $ 645 
  • Key Investors: Softbank, and Alibaba
  • Unicorn Startup Since: The year 2018

 

10. Udaan

Unicorn Startup

  • Year of Launch: 2016
  • Founders: Sujeet Kumar, Vaibhav Gupta, and Amod Malviya
  • Headquarters: At Bengaluru
  • Total Funding: $ 285 
  • Key Investors: DST Global, Yuri Milner, and Lightspeed Venture Partners
  • Unicorn Startup Since: The year 2018

 

11. Shopclues

  • Year of Launch: 2011
  • Founders: Radhika Aggarwal, and Sanjay Sethi
  • Headquarters: At Delhi NCR
  • Total Funding: $ 255 
  • Key Investors: Helion Venture Partners, and Nexus Venture Partners, Tiger Global
  • Unicorn Startup Since: The year 2016

Check out the latest news on Shopclues here.

 

C. Enterprise Tech (Unicorn Startup)

Enterprise tech startups refer to the startups working in SaaS and ERP solutions for companies. Many SMEs are leveraging SaaS and are optimizing their overall performances. While Zoho and Freshworks are dominating the SaaS game currently, the new sites on the block include Druva and Icertis. Following brands come under this sector:

12. Zoho

  • Year of Launch: 1996
  • Founder: Sridhar Vembu
  • Headquarters: At Chennai
  • Total Funding: By Bootstrapped

 

14. Freshworks

Unicorn Startup

  • Year of Launch: 2010
  • Founders: Girish Mathrubootham, and Shan Krishnasamy
  • Headquarters: At Chennai
  • Total Funding: $ 249 
  • Key Investors: Accel, Tiger Global Management, Sequoia Capital India, and CapitalG
  • Unicorn Startup Since: The year 2018

Check the latest news on FreshWorks here.

 

15. Mu Sigma

Unicorn Startup

  • Year of Launch: 2004
  • Founder: Dhiraj Rajaram
  • Headquarters: At Bengaluru
  • Total Funding: $ 211 
  • Key Investors: Sequoia Capital, General Atlantic, and MasterCard
  • Unicorn Startup Since: The year 2013

 

16. Druva

Unicorn Startup

  • Year of Launch: 2008
  • Founders: Jaspreet Singh, Milind Borate, and Ramani Kothandaraman
  • Headquarters: At Bengaluru
  • Total Funding: $ 328 
  • Key Investors: Viking Global Investors, Tenaya Capital, Riverwood Capital, and Nexus Venture Partners
  • Unicorn Startup Since: The year 2019

 

17. Icertis

Unicorn Startup

  • Year of Launch: 2009
  • Founders: Samir Bodas, and Monish Darda
  • Headquarters: At Pune
  • Total Funding: $ 211 
  • Key Investors: Greycroft, PremjiInvest, Eight Roads, B Capital Group and Ignition Partners
  • Unicorn Startup Since: The year 2019

 

D. Fintech (Unicorn Companies in India)

This is one of the most promising sectors for the Indian startup ecosystem, fintech has stayed on an upward swing with the 36 funding deals and investment amount of $688. This lending tech is on the rise in the Indian fintech ecosystem, with 42% of funding. Below listed are the fintech unicorns in India:

18. Paytm

Unicorn Startup

  • Year of Launch: 2010
  • Founder: Vijay Shekhar Sharma
  • Headquarters: At Delhi-NCR
  • Total Funding: $ 2.5 
  • Key Investors: SoftBank, SAIF Partners, Alibaba, Berkshire Hathaway, Intel Capital, and SAP Ventures
  • Unicorn Startup Since: The year 2015

Check the latest news on Paytm here.

 

19. PhonePe

Unicorn Startup

  • Year of Launch: 2015
  • Founders: Burzin Engineer, Rahul Chari, and Sameer Nigam
  • Headquarters: At Bengaluru
  • Total Funding: $ 291 
  • Key Investor: Flipkart
  • Unicorn Startup Since: The year 2018

Check the latest news on Phonepe here.

 

20. Policy Bazaar

Unicorn Startup

  • Year of Launch: 2008
  • Founders: Alok Bansal, and Yashish Dahiya
  • Headquarters: At Delhi NCR
  • Total Funding: $ 346 
  • Key Investors: Wellington Management, Inventus Capital Partners, PremjiInvest, and Tiger Global Management,
  • Unicorn Startup Since: The year 2018

 

21. Billdesk

  • Year of Launch: 2000
  • Founder: Ajay Kaushal
  • Headquarters: At Mumbai
  • Total Funding: $257 
  • Key Investors: Clearstone Venture Partners, Visa, and State Bank of India
  • Unicorn Startup Since: The year 2018

 

E. Logistics (Unicorn Companies in India)

The Indian logistics sector recently has become the backbone of ecommerce, agritech and the hyperlocal sector in India. Ecommerce is said to be the pillar that fuels the growth of many sectors in the country. Adding technology to the mix, logistics has been a redefined movement of the goods like never before. Below listed are the unicorns from the logistics sector:

22. Delhivery

Unicorn Startup

  • Year of Launch: 2011
  • Founders: Bhavesh Manglani, Mohit Tandon, Kapil Bharati, Sahil Barua, and Suraj Saharan
  • Headquarters: At Delhi NCR
  • Total Funding: $670 
  • Key Investors: SoftBank, Carlyle Group, Fosun, Tiger Global, Nexus Venture Partners, and Times Internet
  • Unicorn Startup Since: The year 2019

 

23. Rivigo

  • Year of Launch: 2014
  • Founders: Deepak Garg, and Gazal Kalra
  • Headquarters: At Delhi NCR
  • Total Funding: $ 216 
  • Key Investors: SAIF Partners, and Warburg Pincus
  • Unicorn Startup Since: The year 2018

 

F. Transport Tech / Mobility (Unicorn Startup)

Transport systems are built on emerging plus futuristic technologies and the companies operating below the segment are changing mobility games by facilitating transportation in a seamless way through on-demand cab services, carpooling, bike taxis, etc. The growing segment of the electric vehicles is contributing to optimism around the mobility tech. Below listed are the Unicorns in this sector:

24. Ola

Unicorn Startup

  • Year of Launch: 2010
  • Founders: Bhavish Aggarwal, and Ankit Bhati
  • Headquarters: At Bengaluru
  • Total Funding: $ 3.8 
  • Key Investors: SoftBank, Tencent Holdings, and Tekne Capital
  • Unicorn Startup Since: The year 2014

Check the latest news on Ola here.

 

25. Ola Electric

  • Year of Launch: 2018
  • Founders: Bhavish Aggarwal, and Ankit Bhati
  • Headquarters: At Bengaluru
  • Total Funding: $306 
  • Key Investors: Ratan Tata, SoftBank, Matrix Partners India, and Tiger Global
  • Unicorn Startup Since: The year 2019

 

G. Cleantech (Unicorn Startup)

Startups in our country are working to bring eco-friendlier solutions for major problems like rising energy consumption. With climate change plus global warming becoming a problem to solve for countries around the globe. Many Indian startups are supporting the government’s objective of storing energy with a focus on renewable and sustainable production. 

26. Renew Power

Unicorn Startup

  • Year of Launch: 2011
  • Founder: Sumant Sinha
  • Headquarters: At Delhi NCR
  • Total Funding: $ 1.6 
  • Key Investors: Goldman Sachs, JP Morgan, Franklin Templeton India, L&T, etc.
  • Unicorn Startup Since: The year 2017

 

H. Travel tech (Unicorn Companies in India)

The online travel space accounts for 40% to 50% of the total travel transactions by the year 2020. Many startups have been raised in the travel tech sector of the country. The startups have changed the ways consumers make their travel plans, plus the game for the hospitality industry. Below listed are the Unicorns in this sector:

27. Makemytrip

Unicorn Startup

  • Year of Launch: 2010
  • Founders: Deep Kalra, Keyur Joshi, and Rajesh Magow
  • Headquarters: At Delhi NCR
  • Total Funding: $ 548 
  • Key Investors: Ctrip, Tiger Fund, Sierra Ventures, and Helion Venture Partners
  • Unicorn Startup Since: The year 2010

Check the latest news on MakeMyTrip here.

 

28. OYO

Unicorn Startup

  • Year of Launch: 2013
  • Founder: Ritesh Agarwal
  • Headquarters: At Delhi NCR
  • Total Funding: $ 1.7 
  • Key Investors: SoftBank, Huazhu Hotels Group, Sequoia Capital, Lightspeed Venture Partners, and Greenoaks Capital.
  • Unicorn Startup Since: The year 2018

Check the latest news on Oyo here.

 

I. Media & Entertainment (Unicorn Startup)

The Indian media and entertainment industry has touched $39.68 by 2023. With the rise in gaming unicorns in India with the rapid penetration of the OTT players, the media and entertainment industry is ready for rocket growth in the next few years. 

29. Dream11

  • Year of Launch: 2011
  • Founders: Harsh Jain and Bhavit Sheth
  • Headquarters: At Mumbai
  • Total Funding: $ 100 
  • Key Investors: Steadview Capital, Think Investments, Kalaari Capital
  • and Multiples Equity
  • Unicorn Startup Since: The year 2019

 

J. Edtech (Startup Unicorns)

By integrating technology with the traditional education patterns, Indian edtech startups have been working to provide affordable education for one and all across the globe, thus solving a problem of access to schools through the online learning and courses. Edtech startups have also redefined the process of learning any skill or topic.

30. Byjus

Unicorn Startup

  • Year of Launch: 2008
  • Founders: Byju Raveendran, and Divya Gokulnath
  • Headquarters: At Bengaluru
  • Total Funding: $819 
  • Key Investors: General Atlantic, Sequoia Capital India, Tencent Holdings, Verlinvest, Sofina, Aarin Capital, and Chan Zuckerberg Initiative
  • Unicorn Startup Since: The year 2018

Check out the latest news on Byjus here.

 

Frequently Asked Questions – Unicorn Startups & Unicorn Companies in India

1. How many Unicorn startups are there in India?

According to a report by Economic Times, there are over 19 unicorn startups in India. A unicorn startup is a startup that is a private company that has a valuation of over $1 billion. India is amongst the top unicorn building countries in the world, following the US, China, and the United Kingdon.

 

3. How many startups become startup unicorns?

Back in the early 2000s, the rate at which startups grew to become unicorn startups was low, but now, the rate at which the startups are becoming unicorn startups has increased 353.1% the Pitchbook’s latest research. Some of the popular unicorn companies in India include Oyo, Paytm, and BigBasket. 

 

3. Is Uber a unicorn startup?

Yes, Uber Advanced Technologies Group is a unicorn startup that is amongst the five most highly valued new startups. Uber caused a disruption in the cab-hailing business with the introduction of its app-based cab-hailing services around the globe.

Disclaimer: The views, thoughts, and opinions expressed in the article have been curated for our audience and does not warrant a 100% accuracy. All the information mentioned in the article is subject to change according to the changing viewpoints. Feel free to reach us at [email protected] for any change or copyright issues.

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Pranjali
Pranjali
Pranjali is currently pursuing Literature with Psychology for my graduation from the University of Delhi, She has an admiration for writing and therefore wishes to bring it to the professional use. Writing of any type interests her thereby, adding sensitivity to the words in her life.

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