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Top 10 Unicorn Startups In India

Top 10 Unicorn Startups In India

In India startups, businesses and companies have spread their roots all across the country.  Everyone wants to establish their startups by using their skills and intelligence. This is the revolutionary decade that has emerged as it has heavily boosted the startup businesses as India becomes the world’s fastest-growing country with 95 unicorn startups by the end of 2022. Establishing a unicorn startup is not an easy task – it requires many working hours, with commitment and a skillful mind that helps you to walk in the way towards making a startup unicorn.

In India, a startup business is initiated by firstly knowing the problem from which everyone is suffering and then finding the root cause of that problem and their solutions and later applying it on small scale. Applying it at large scale then it becomes a brand and the startup with a valuation of over $1 Billion becomes a business that is termed a Unicorn, on the other hand, the startup is a privately owned company and it is an early phase in the development of any company to become a unicorn startup.

Term startup Unicorn coined by – Aileen Lee

Below is the list of the top 10 unicorn startups in India

  1. InMobi
  2. Flipkart
  3. BharatPe
  4. Dream11
  5. PhonePe
  6. BYJU’S
  7. OLA Cabs
  8. OYO Rooms
  9. Swiggy
  10. Zomato

Quick specification and Summary of top 10 unicorn startups in India

1.InMobi

In the year 2011, InMobi became the first Indian unicorn startup company. The tough competitor of InMobi is Google, Adobe, Adform and amazon, etc. It is an end-to-end advertising and marketing platform. InMobi is an ambitious and one of the largest B2B SaaS companies.InMobi is on number 1 in the list of top 10 unicorn startups in India.

InMobi Widens Its Losses By 54% In 2019 Amid Restructuring
InMobi | Credit Image: Inc42
  • Headquarters- Bangalore, Karnataka, India
  • Valuation -$12to $15 Billion
  • Founder-Abhay Singhal, Amit Gupta, Piyush Shah, Naveen Tewari, Mohit Saxena
  • Founded – 2007
  • Product and services – InMobiPulse, Mobile Marketing

3. Flipkart

This company becomes popular in the year 2008 when it started receiving 100 orders per day. Flipkart company mainly focuses on every single step their customers are present at and use every advertising platform whether paid or organic marketing. It is expanded at a rapid pace and continuously adds a new category of items in its collection and then on-demand of their customers every item is delivered to their doorstep. Flipkart is number 2 in the list of top 10 unicorn startups in India.

Flipkart to Raise USD 1.2 billion From Walmart at Valuation of USD 21 billion
Flipkart | Credit Image: Entrepreneur
  • Headquarters- Bangalore, Karnataka, India
  • Valuation – $ 37.6 Billion (2017)
  • Founder- Binny Bansal, Sachin Bansal
  • Founded – 2007
  • Product and services – E-commerce marketplace

3. BharatPe

This makes payment acceptance simple and free by offering a simple QR to all payment apps with zero transaction charges for all businesses. The QR code is offered in apps like PayTm, Google pay, PhonePe, BHIM, and other more than150 UPI apps. It is a private company. BharatPeis number 3 in the list of top 10 unicorn startups in India.

  • Headquarters-  New Delhi, India
  • Valuation – $2.85 Billion
  • Founder- Ashneer Grover, Bhavik Koladiya, Shashvat Nakrani
  • Founded – 2018
  • Product and services – Payments App

4.Dream11

The revenue model of this app plays a major role in its success that works in two steps first entry-level fees and the other is when the users earn money from this dream 11 contest. The company takes a 15-20 % portion of the total earnings. Dream11 is number 4 in the list of top 10 unicorn startups in India.

Dream 11 set for next funding round, Tencent's share to come down | Business News,The Indian Express
Dream 11 | Credit Image: The Indian Express
  • Headquarters- Mumbai, Maharashtra, India
  • Valuation – $5 Billion (2021)
  • Founder- BhavitSheth, Harsh Jain
  • Founded – 2008
  • Product and services – online Sports platform

5.PhonePe

This is one of the widely used apps for online payments. It offers several payment options to choose from for their payments such as bank accounts, credit cards, UPI, and debit cards. It ensures that each source does not have to face any payment issue, making it a flexible payment method and everyone loves to use it whenever a transaction is required.PhonePeis number 5 in the list of top 10 unicorn startups in India.

  • Headquarters- Andheri, Maharashtra, India
  • Valuation – $5.5 Billion (2020)
  • Founder- BurzinEngineer, Rahul Chari, Sameer Nigam
  • Founded – 2015
  • Product and services – Phonepe payment app

6. BYJU’S

This is India’s best learning app as it provides blended videos, interactive classes, and teachers who make every concept easier to learn. This app mainly focuses on a personalized learning experience for its users based on their size and style of learning. BYJU’S is on number 6 in the list of top 10 unicorn startups in India.

Byju's brings two-teacher feature to online tutoring programme - How it will benefit users? Check here | Zee Business
Byju’s | Credit Image: Zee Business
  • Headquarters- Bengaluru, Karnataka, India
  • Valuation – $16.5 Billion (2021)
  • Founder- Byju Raveendran &DivyaGokulnath
  • Founded – 2011
  • Product and services –  Learning App

7. Ola Cabs

This app provides on-demand taxi services, car rental services, and auto services that could be booked from anywhere to reach anywhere. The ride could be booked with a simple click on the mobile app. For its outstanding services, the company got the Economic TimesStartupaward in2015 and 2016. Recently, it also introduced Ola Play. Ola Cabs is on 7 number in the list of top 10 unicorn startups in India.

Traveling by air? Ola resumes cab services at these 22 Indian airports
Ola | Credit Image: Hindustan Times Auto News
  • Headquarters- Bengaluru, India
  • Valuation –          $ 6.5 Billion
  • Founder- Bhavish Aggarwal and Ankit Bhati
  • Founded – 2010
  • Product and services –   Mobile app, a vehicle for hire, Goods and food delivery, mobile payments, and digital wallet

8. OYO Rooms

This app provides the best rooms, staff, food, and standardised services on a small budget. It is mainly focused on good hospitality facilities to enrich the customer’s overall experience. It is one of the well-designed apps that take full responsibility for the services of the hotels that are listed on its platform. OYO Rooms is on 8 number in the list of top 10 unicorn startups in India.

OYO was the big disruptor in India's hotel industry, forcing even Tatas to take note
OYO | Credit Image: ThePrint
  • Headquarters- Gurgaon, Haryana, India
  • Valuation – $9 Billion
  • Founder- Ritesh Agarwal
  • Founded –  2013
  • Product and services – Oyo rooms, Homes, and Hotels

9. Swiggy

This app follows excellent logistics operations with best-in-class experience for the customers. Swiggy share exponentially growing every month as it invested in bringing up the logistics network technology. Swiggy is on number 9 in the list of top 10 unicorn startups in India.

How AI at Swiggy is transforming convenience | by SwiggyBytes | Swiggy Bytes
Swiggy | Credit Image: Swiggy Bytes
  • Headquarters- Bengaluru India
  • Valuation – $5.5 Billion (2021)
  • Founder- Nandan Reddy, Sriharsha Majety, Rahul Jaimini
  • Founded – 2014
  • Product and services – Food Delivery

10. Zomato

This app is conducted on a commission-based business model. The credit for the success of this business goes to the team and the hard work they put on the ground, as the founder believes bringing the right person to the business plays a major role in the success of that company. It generates most of the revenue from the commission it charges to the restaurants on every order customer made through this app. Zomato is on number 10 in the list of top 10 unicorn startups in India.

Zomato, India's leading food delivery company, Dissolves Step Down Subsidiary In United States
Zomato | Credit Image: NDTV.com
  • Headquarters- Gurgaon, Haryana, India
  • Valuation – $8 Billion (2021)
  • Founder- Deepinder Goyal, Pankaj Chaddah
  • Founded – 2008

Product and services – Restaurant Search, Table reservation, Online Ordering, subscription services

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