India is a country with over 1.3 Billion people and has become home to a number of the world’s hottest startups, some of which are in the billion-dollar club. The Unicorn startup is a term used to describe startups that achieve more than $1 billion in valuation. A number of new unicorns were born in India over the past few years and this article lists the complete list of unicorn startups in India.
What is a Unicorn Startup and Why are They Important?
Unicorn startups are startups that have reached a valuation of over $1 billion. The term was coined in 2013 by venture capitalist Aileen Lee to describe the high-growth tech companies that were emerging at an increasing rate and transforming the business landscape.
The term "unicorn" is used to describe these companies because they are very rare with only very few businesses reaching this milestone. These startups are important because they represent the future of the economy. They represent innovation, hope, and progress.
Indian Unicorn Landscape - How Many Unicorn Startups in India?
India has a strong startup culture and is home to 108 unicorn startups as of now (November 2022). In fact, today, 1 out every 10 unicorns globally have been born here.
India has a very large market to cater to, and this is what makes it so attractive for startups. The Indian startup ecosystem is unique in that it is very collaborative and inclusive. This means that there are many people willing to lend a hand and everyone shares their knowledge. Indian entrepreneurs seem to have an inherent understanding of what it takes to build something sustainable, which makes them great leaders in the business world. They tend to be more humble as well which helps them build trusting relationships with others.
Indian unicorns are also great at solving India-specific problems. For example, Olacabs solved the problem of unreliable taxi services in India by connecting passengers to drivers via a mobile app.
Reasons for the Success of a Top Indian Unicorn Startups- What Makes an Indian Startup Achievable?
A startup is a company that has been in business for less than 10 years. A unicorn is a startup that has reached a valuation of $1 billion or more. A unicorn company can be successful because of the following reasons:
They have a great team.
They have an innovative product.
They have great funding.
The founders are passionate about the idea and they are committed to making it work.
The founders are focused on their customers and they listen to what their customers say without being defensive or dismissive.
The founders are not afraid to pivot if needed, so they can focus on what works instead of what doesn't.
List of Unicorns Startups in India (May - 2023)
1 . BYJU'S
Categories: Edtech, Learning App
2. Swiggy
3. OYO Rooms
4. Dream11
5. OLA Cabs
6. RazorPay
7. BigBasket
8. Ola Electric Mobility
9. OfBusiness
10. Meesho
11. CRED
12. ShareChat
13. Digit Insurance
14. Unacademy
15. Upstox
16. Cars24
17. Eruditus Executive Education
18. Udaan
19. DailyHunt
20. Delhivery
21. Pine Labs
22. Groww
23. BharatPe
24. Lenskart
25. Infra Market
26. Zetwerk
27. Mobile Premier League
28. PolicyBazaar
29. FirstCry
30. Urban Company
31. CoinSwitch Kuber
32. Spinny
33. DealShare
34. Cure.Fit
35. Five Star Business Finance
36. Rebel Foods
37. Pristyn Care
38. UpGrad
39. CarDekho
40. MyGlamm
41. CoinDCX
42. Apna
43. Acko General Insurance
44. GlobalBees
45. LEAD School
46. Rivigo
47. Mamaearth
48. Grofers
49. Snapdeal
50. InMobi
51. BlackBuck
52. Vedantu
53. Licious
54. MobiKwik
55. Mensa Brands
56. NoBroker
57. Slice
58. Fractal Analytics
59. Darwinbox
60. Uniphore Technologies Inc.
61. Xpressbees
62. Livspace
63. ElasticRun
64. Mu Sigma
65. Billdesk
66. Mindtickle
67. Polyygon
68. Flipkart
69. PhonePe
70. Zomato
71. Freshworks
72. Moglix
73. MakeMyTrip
74. Nykaa
75. Highradius
76. Droom
77. Verse Innovation
78. PharmEasy
79. Infra Market
80. Innovaccer
81. Gupshup
82. Chargebee
83. Zeta
84. BrowserStack
85. Paytm
86. Paytm Mall
87. Zerodha
88. ReNew Power
89. Mohalla Tech
90. Glance Inmobi
91. Hasura
92. Zenoti
93. Postman
94. CitiusTech
95. CredAvenue
96. Amagi Media Labs
97. CommerceIQ
98. Oxyzo
99. Games 24x7
100. Open
101. PhysicsWallah
102. Purplle
103. LeadSquared
104. OneCard
105. 5ire
106: Shiprocket
107: Tata 1mg
108: Molbio Diagnostics
Wrap up
These are the unicorn startups in India that have more than a $1 billion valuations. With such a high valuation, you can be assured that they are likely to succeed in bringing innovative technologies and business models to the masses. India is a growing economy that has seen many startups like Flipkart, Snapdeal, and Ola rise to international fame. With the initial investment from investors being much smaller than in Silicon Valley, Indian startups have been able to grow at a rapid pace and become profitable companies.
FAQ
What is a Unicorn startup in India?
Unicorn startups in India are startups that have reached a valuation of over $1 billion.
How many unicorns are in the world?
As of May 2023, there are more than 1,400 unicorns around the world.
Which are the top Unicorn Startups in India?
Flipkart
BYJU’S
Nykaa
Paytm
OLA Cabs
Zomato
Oyo
Policybazaar