If you are wondering what the UNICORN start-ups are, here’s the definition for your understanding.
“A Unicorn is the privately held company valued at over $1 billion.”
There are over 30+ Unicorn start-ups in India with a valuation of over $80 billion and here in this blog, we will list the top 10 Unicorn start-ups. Without further ado let’s get into it.
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Pharm Easy
PharmEasy is a chronic care Start-up established in 2015 by Dharmil Sheth and Dr. Dhaval Shah. It provides services such as teleconsultation, medicine deliveries, and sample selection for diagnostic testing. It links over 60K brick-and-mortar pharmacies and 4K doctors through India’s 16K postal codes.
The company was able to fulfill one of its targets — joining the unicorn group — after the merger was completed in the latter part of last year. In a Series E funding round, the firm raised $323 million at a valuation of $1.5 billion.
Cred
Cred is one of the few Indian fintech start-ups to achieve unicorn status at such an early age, having launched just two and a half years ago, in 2018. CRED, headed by Kunal Shah, joined the unicorn group at a whopping valuation of $2.2 billion despite having just INR 57 lakh in operating revenue in the financial year 2020.
Last year, the firm decided to try its hand at e-commerce to boost sales and leverage its customer base. CRED Store was the first foray into e-commerce, and CRED Pay was launched in December to enable consumers to use their CRED incentive coins through e-commerce platforms to unlock discounts.
Sharechat
ShareChat is an Indian social media and social networking service, based out of Bengaluru, India. It was developed by Mohalla Tech Pvt Ltd. and founded by IIT-Kanpur alumni Farid Ahsan, Bhanu Singh, and Ankush Sachdeva in 2015.
ShareChat has raised $828 million in eight investment rounds, the most recent of which brought in $502 million in its Series E round. The funding puts an end to rumors that Google would invest in Sharechat.
Dream11
Dream11 is an Indian sports website where users can play fantasy cricket, hockey, football, kabaddi, and basketball. In April 2019, Dream11 became the first Indian gaming corporation to join the “Unicorn Club.” Dream11 was founded in 2008 by Harsh Jain and Bhavit Sheth.
Dream11, a Mumbai-based firm, is worth $5 billion. The company’s investors include Kalaari Capital, Tencent, Multiples PE, Steadview, and Falcon Edge Capital.
Meesho
Meesho is an Indian social commerce website established in December 2015 by IIT Delhi graduates Vidit Aatrey and Sanjeev Barnwal. It allows small companies and individuals to launch online stores using social media platforms like WhatsApp, Facebook, and Instagram.
It has raised $415 Million funding to date, from investors like SoftBank, Proses Ventures, Facebook, Shunwei Capital, Venture Highway, and Knollwood Investment.
Groww
Groww is a Bengaluru-based online investing platform based in India. Groww helps investors to open an account and trade mutual funds and stocks over the internet. Ex-Flipkart employees Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal created the company in 2016, and it now has over 15 million registered users. The company raised $83 million in a Series D round led by Tiger Global, making it the Indian unicorn. Last September, the company raised $30 million in a Series C round.
Ola
With operations in over 250 cities throughout India, Australia, New Zealand, and the United Kingdom, Ola is India’s biggest transportation network and one of the world’s largest ride-hailing companies.
The company was established by ANI Technologies Pvt. Ltd., which is headquartered in Bengaluru, Karnataka, India. In October 2019, Ola was valued at about US$ 6.5 billion. Tiger Global, Matrix Partners, Steadview, SoftBank, and Tencent are among the venture capitalists who own the business.
Zomato
Zomato is an Indian multinational restaurant aggregator and food delivery company founded by Pankaj Chaddah and Deepinder Goyal in 2008. Zomato offers restaurant content, menus, customer feedback, and food delivery from partner restaurants in many cities.
On January 21, 2020, Zomato purchased Uber Eats’ Indian company in an all-stock transaction, giving Uber Eats a 10% stake in the merged company. The company’s investors include Info Edge, Sequoia Capital, Vy Capital, and Alibaba. Zomato has now begun to deliver groceries. Zomato is estimated to be worth $5.4 billion.
Bigbasket
BigBasket is an Indian online grocery delivery service founded in 2011 by Sudhakar, Hari Menon, Vipul Parekh, Abhinay Choudhari, and Ramesh. Customers are mainly served with retail items found in convenience stores and household essentials and food supplies. BigBasket is based in Bengaluru, India, and was established in December 2011.
In March 2019, Mirae, Alibaba Group, and CDC Group invested $150 million in BigBasket, valuing the company at over $1 billion.
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