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Top 9 Unicorns Founded In Mumbai In 2024

Discover Mumbai's Rising Stars: The Top 9 Unicorns of 2024 Redefining Tech Innovation
Top 9 Unicorns Founded In Mumbai In 2024

In the bustling landscape of Mumbai’s startup ecosystem, where innovation meets ambition, a breed of companies has emerged, each with a valuation exceeding the coveted billion-dollar mark. These are the unicorns of Mumbai, symbolizing not just financial success but also the disruptive potential they carry within their respective industries. Let’s take a closer look at the top 9 unicorns that have made Mumbai proud.

Maharashtra and Delhi produce highest number of unicorn founders: Report

1. Dream11 Dream11 stands tall as India’s leading fantasy sports platform, captivating sports enthusiasts nationwide. Founded in 2007 by Bhavit Sheth and Harsh Jain, Dream11 has not just revolutionized the fantasy sports arena but has also become synonymous with competitive gaming. With a valuation of $8.00 billion as of April 2019, Dream11 continues to redefine the intersection of sports and technology.

2. National Stock Exchange of India (NSE) The National Stock Exchange of India (NSE) is the cornerstone of India’s financial infrastructure, providing a platform for trading equities, derivatives, and commodities. Founded in 1992 by Mukesh Agarwal, NSE has played a pivotal role in shaping India’s capital markets. With a valuation of $6.50 billion as of July 2020, NSE remains the go-to destination for investors seeking transparency and efficiency in trading.

3. Upstox Upstox, founded in 2010 by Raghu Kumar, Ravi Kumar, and Shrinivas Viswanath, has democratized investment opportunities through its innovative fintech solutions. With a valuation of $3.40 billion as of November 2021, Upstox empowers users with seamless access to financial markets, epitomizing the fintech revolution sweeping across India.

4. Eruditus Executive Education Eruditus Executive Education has bridged the gap between aspiring professionals and world-class education since its inception in 2010 by Ashwin Damera and Chaitanya Kalipatnapu. With a valuation of $3.20 billion as of August 2021, Eruditus has redefined executive education, making it accessible to individuals worldwide, regardless of their geographical location.

5. Games24x7 Games24x7 has redefined gaming entertainment with its offerings in real-money gaming, daily fantasy sports, and casual gaming. Founded in 2006 by Bhavin Pandya and Trivikraman Thampy, Games24x7 has amassed a valuation of $2.50 billion as of March 2022, captivating gamers with immersive and rewarding experiences.

6. UpGrad UpGrad has emerged as a beacon of online higher education, offering a diverse array of programs to upskill and reskill individuals. Founded in 2015 by Mayank Kumar, Phalgun Kompalli, Ravijot Chugh, and Ronnie Screwvala, UpGrad has garnered a valuation of $2.25 billion as of August 2021, empowering learners to thrive in an ever-evolving digital landscape.

7. MyGlamm MyGlamm has revolutionized the beauty industry with its direct-to-consumer model, providing a marketplace for stylists and beauty enthusiasts alike. Founded in 2015 by Darpan Sanghvi and Priyanka Gill, MyGlamm has soared to a valuation of $1.20 billion as of November 2021, reimagining the way beauty products and services are accessed and experienced.

8. Purplle Purplle has emerged as a one-stop destination for all beauty needs, offering a wide range of cosmetics, skincare, and haircare products online. Founded in 2012 by Manish Taneja and Rahul Dash, Purplle has secured a valuation of $1.10 billion as of June 2022, catering to the burgeoning demand for beauty products in the digital age.

9. Fractal Analytics Fractal Analytics has harnessed the power of AI, engineering, and design to drive actionable insights for Fortune 500 companies. Founded in 2000 by Pranay Agrawal and Srikanth Velamakanni, Fractal Analytics boasts a valuation of $1.00 billion as of January 2022, pioneering the analytics and consulting space with its innovative solutions.

In conclusion, Mumbai’s unicorn ecosystem is a testament to the city’s vibrancy and entrepreneurial spirit. These nine unicorns not only showcase Mumbai’s prowess in diverse sectors but also serve as inspiration for aspiring entrepreneurs looking to make their mark on the world stage. As these unicorns continue to scale new heights, the future of Mumbai’s startup ecosystem looks brighter than ever.