Top 10 Unicorn Startups In India In 2022
As of 2022, India will have 95 unicorn startups, making it the world's fastest-growing startup ecosystem. Unicorn startups are becoming more popular in today's society; yet, creating a unicorn startup is not easy. Climbing the unicorn ladder takes a lot of hard work, devotion, and perseverance throughout the startup's journey, and the ones who have earned the moniker of unicorns are described in this article.
InMobi | Unicorns in India
InMobi is a mobile advertising platform established in Bengaluru that aids in the optimization of the ranks of advertisements available on mobile phones. InMobi was the first unicorn startup in India, and hence the forerunner of the unicorn league of Indian startups that followed. It was started in January 2007 and was the first unicorn startup in India. Glance, an InMobi subsidiary, will also become a unicorn in 2020.
Flipkart - Unicorn Startup of India
Flipkart, India's most popular eCommerce site, requires no introduction because the Big Billion Days are one of the most anticipated online events for millions of Indians. After inMobi, the first Indian unicorn, Flipkart was one among the first Indian unicorns to achieve unicorn valuation in the 2011-2012 period. Flipkart is a household name in India, with over 350 million users and 150 million products spread across 80+ categories. This ecommerce behemoth was purchased by Walmart in 2018 for a record $16 billion, allowing it to scale quickly and easily. The company founded by Sachin Bansal and Binny Bansal now has a market capitalization of $37.6 billion, making it the most valuable Indian enterprise.
Dream11 | Unicorns in India
Dream11 is an Indian fantasy sports platform that allows Indian sports fans to participate in a variety of sports, including but not limited to cricket, football, hockey, volleyball, handball, futsal, and rugby. Dream 11, a homegrown sports platform, strives to assist Indian sports fans in expanding and showcasing their sports expertise!
Dream11 joined the unicorn group of Indian startups in April 2019 after raising $60 million in funding from Steadview Capital and others.
PhonePe | Unicorns in India
PhonePe is a digital payment and merchant aggregation platform that has already made a significant contribution to making digital payments for Indian users and merchants smooth, fast, and simple. The startup, which was founded in 2015 and is headquartered in Andheri, Maharashtra, India, claims to have the greatest market share among UPI apps. The company has shown tremendous development potential and has already achieved unicorn status before 2020. Flipkart purchased the company in April 2016, and it has experienced significant development since then. PhonePe Business Model - How Does PhonePe Make Money?
BYJU'S Logo | Indian Unicorn Startup
Byju's is an edtech platform situated in Bangalore. It is a freemium online tuition and coaching company that was founded in 2011. Byju's, founded by Byju Raveendran, is utilised by over 15 million students worldwide and has over 900,000 paid customers. Byju's current market capitalization is $16.5 billion USD.
Ola cabs Logo | Indian Unicorn Startup
Ola Cabs is an Indian ride-hailing service that began operations on December 3, 2010. Ola has over 1.5 million drivers across 250 cities as of 2019. In September 2018, Ola expanded its network into its first overseas market, Australia, as well as New Zealand. Ola commenced operations in the United Kingdom with the introduction of auto rickshaws.
Oyo Logo | Indian Unicorn Startup
OYO is one of India's most popular travel firms. India's largest hospitality company, founded by 21-year-old Ritesh Agarwal in 2013, consists of inexpensive hotels. The firm collaborates with established hotels to provide tourists with unoccupied rooms at a lower cost. The cost of an OYO room starts at Rs. 999. They have invested in their own properties in addition to bulk renting hotels.
Freshworks | Unicorns in India
Freshworks provides cutting-edge customer engagement software to a wide range of companies of all sizes and types. The company was founded in Chennai in 2010 and now has its headquarters in San Mateo, California. Its solutions help deliver a 360-degree perspective of clients.
Freshworks was inducted into the coveted unicorn club of Indian firms in July 2018, making it the country's first SaaS unicorn startup.
upGrad | Unicorns in India
upGrad is an online tutoring programme for individuals interested in pursuing a higher education. UpGrad delivers a wide choice of industry-ready courses, including Bachelor's degrees, MBAs, Data Science, and Machine Learning courses, and more, by partnering with some of the world's finest universities. With the support of a $185 million financing, the company has expanded to unicorn status on August 6, 2021.
Makemytrip | Unicorns In India
Deep Kalra launched MakeMyTrip, one of India's most popular online travel companies, in 2000. The company's headquarters are in Gurgaon, and it is known for services such as arranging vacation packages, hotel reservations, movie tickets, and even ordinary travel through planes, buses, trains, and autos. MakeMyTrip is currently present in 14 cities around the world, with over 30 franchise locations in 28 Indian cities. The route planner function on MakeMyTrip gives users access to basic information on over one million routes across India.