111 Unicorn Startups in India: Funding & Profit [Nov’23]

In this blog post, we are going to discuss the list of 111 Unicorn startups in India alongwith their funding, revenue, profits, founders, investors, products, market size, and more.

Success isn’t overnight, it’s when you get better little by little. It all adds up, and sometimes it adds up to a billion dollars!

India is on its way to reacquire the legendary sone ki chidiya title that it once owned, with the presence and aid of our extremely successful Indian-based unicorn startups.

India currently has a whopping sum of 111 unicorn startups in almost every industry, ranging from E- Commerce to Healthtech to EdTech to SaaS to much more.

 

 

What Is A Unicorn Startup?

Even though it lacks a horn, wings, rainbow puke, and an enormous ton of glitter, a unicorn startup is equally magical and rare in the world of business. 

The title of a Unicorn is given to a privately carried startup company or a business which is being Venture Capital Funded and sits at a valuation of over $1 Bn.

The term ‚ÄėUnicorn‚Äô was devised by a venture capitalist, Aileen Lee, for private startups or companies to very artfully compare the mythical creature to the arithmetical rarity of such a fruitful venture.¬†

 

 

Vending Machine Price List in India [November 2023]

 

 

Unicorn Startups in India

 

Zepto

The latest addition to the lengthy list of unicorn startups in India is Zepto.

Zepto was established in the year 2021 by Aadit Palicha and Kaivalya Vohra, who are Stanford University drop-outs. It is a 10-minute quick commerce grocery delivery startup focusing on delivering daily essentials within 10 minutes from its dark stores. 

Zepto provides a selection of over 6,000 grocery goods with 10 minutes delivery time through a wide nexus of delivery hubs all over the nation.

Zepto, headquartered in Mumbai, entered the unicorn startup club in the current year 2023 (as the first unicorn of 2023) with an entry valuation of $1.4 Bn, after receiving a whopping funding of $200 M led by new investor StepStoneGroup, putting a cap on the unicorn drought.

Zepto’s latest funding round was also aided by new investor Goodwater Capital along with a bunch of existing investors- Lachy Groom, Nexus Venture Partners and Glade Brook Capital.

Zepto even after incurring a loss of INR 390 Cr in its first year of operations, manages to stand at a whopping valuation of $1.4 Bn currently.

Zepto recorded a revenue of INR 142.36 Cr in FY22, with losses standing at INR 390 Cr.

 

  • STARTUP NAME: Zepto
  • INDUSTRY: Quick Commerce
  • FOUNDERS: Aadit Palicha and Kaivalya Vohra
  • FUNDING: $560 M
  • VALUATION: $1.4 Bn

 

 

 

Molbio Diagnostics


Headquartered in Goa, Molbio Diagnostics is a part of the HealthTech industry and it extends the ‚Äėglobal first‚Äô platform that can bring about Molecular diagnostics for infectious diseases at near-patient testing- Truelab Real Time Quantitative micro PCR System. It was founded by Sriram Natarajan in the year 2000.

Molbio Diagnostics entered the list of unicorn startups in September 2022 with an entry valuation of $1.6 Bn. The company received an investment of $85 M in the last funding round from Temasek alongside existing investors Motilal Oswal Alternates.

Molbio Diagnostics bagged a profit of INR 472.7 Cr in FY21. Molbio Diagnostics also acquired a 70% stake in Prognosys Medical Systems.

 

  • STARTUP NAME: Molbio Diagnostics¬†
  • INDUSTRY: HealthTech- Diagnostics
  • FOUNDERS: Sriram Natarajan
  • FUNDING: $117.5 M
  • VALUATION: $1.6 Bn

 

 

 

1mg

Tata 1mg, previously 1mg is a part of the E-Commerce industry, providing facilities like deliveries, e-pharmacy, e-consultations, diagnostics and health content. It was founded in the Feb, 2015 by Akash Deep Singhal, Vikas Chauhan, Prashant Tandon and Gaurav Agarwal.

Headquartered in Gurugram, Haryana, 1mg entered the unicorn startups list in Sep, 2022 with a valuation of $1.09 Bn. 1mg raised a whopping amount of $40 M in their last funding round by investors like Tata and more. 1mg also acquires Medd.in, MediAngels and Dawailelo (latest).

1mg currently stands at an estimated valuation of $1.25 Bn. 1mg faced a 2.5x revenue jump to INR 1,627 Cr in FY23.

 

  • STARTUP NAME: 1mg
  • INDUSTRY: E-Commerce
  • FOUNDERS: ¬†Akash Deep Singhal, Vikas Chauhan, Prashant Tandon and Gaurav Agarwal
  • FUNDING: $230.8 M
  • VALUATION: $1.25 Bn

 

 

 

Shiprocket

Shiprocket falls in the industry of Aggregator- Logistic services.  It is the most popular E-Commerce logistics and shipping software solution and allows economical shipping for D2C retailers.  It was founded by Vishesh Khurana, Gautam Kapoor, Akshay Ghulati and Saahil Goel in Jan, 2017.

Headquartered in Delhi, Shiprocket entered the unicorn startup list with an entry valuation of $1.3 Bn in Aug 2022. Shiprocket received a huge funding of $32 M from its existing investors Temasek, Lightrock India etc, in its last funding round. Shiprocket acquires Wigzo Technologies, Rocketbox, Glaucus Supply Chain Solutions, Pickrr Technologies and Omuni (Arvind Internet).

Shiprocket’s revenue has crossed INR 600 Cr in FY22 with losses worth INR 93.15 Cr accrued in FY22. 

 

  • STARTUP NAME: Shiprocket
  • INDUSTRY: Aggregator- Logistic Services
  • FOUNDERS: ¬†Vishesh Khurana, Gautam Kapoor, Akshay Ghulati and Saahil Goel¬†
  • FUNDING: $386.8 M
  • VALUATION: $1.3 Bn

 

 

 

OneCard

OneCard falls into the industry on FinTech- Credit Cards. They provide a premium metallic card in collaboration with several banks like Federal Bank, SBM bank etc which provides benefits like EMI conversion, reward point etc to its consumers. It was founded in 2019 by banking veterans Vaibhav Hathi, Rupesh Kumar and Anurag Sinha.

Headquartered in Pune, OneCard entered the unicorn startup list in July, 2022 with an entry valuation of $1.4 Bn. In its last funding round, One Card bagged a funding of $76 M from investors like QED Fund, Ocean View Investment etc. 

OneCard will be valued in the range of $1.5 Bn after being faced with a loss of INR 183 Cr in FY22.

 

  • STARTUP NAME: OneCard
  • INDUSTRY: FinTech- Credit Cards
  • FOUNDERS: Vaibhav Hathi, Rupesh Kumar and Anurag Sinha
  • FUNDING: $233 M
  • VALUATION: $1.5 Bn

 

  • Website: https://www.getonecard.app
  • Email: help@getonecard.app

 

 

LeadSquared

LeadSquared falls in the industry of SaaS- CRM, it aids in the organization of sales management, lead capture, analytics and lead management in a single platform. It is a marketing automation platform enabling companies to track and manage their leads. It was founded by Sukhbir Kalsi, Prashant Singh, Sudhakar Golti, Nilesh Patel and Anand Kumar in June, 2011.

Headquartered in Bangalore, LeadSquared entered the unicorn startup list in June 2022 with an entry valuation of $1 Bn. Leadsquared managed to raise $153 M in its last funding round led by WestBridge Capital. Gaja Capital too backed the funding.

Currently, LeadSquared stands at an valuation of $1 Bn with the revenue touching INR 200 Cr in FY22.

 

  • STARTUP NAME: Leadsquared
  • INDUSTRY: SaaS- CRM
  • FOUNDERS: Sukhbir Kalsi, Prashant Singh, Sudhakar Golti, Nilesh Patel and Anand Kumar¬†
  • FUNDING: $187.9 M
  • VALUATION: $1 Bn

 

 

 

Purplle

Falling in the E-commerce (personal care & cosmetics) industry, Purplle established in 2012 by Rahul Dash and Manish Taneja is an Indian online platform, retailing multi-brand beauty and personal care products. Headquartered in Mumbai, Maharashtra, Purplle entered the unicorn club with an entry valuation of $1.1 Bn in June 2022.

Purplle received an undisclosed amount of funding in its latest funding round (Series E) with the participation of 1 investor, Abu Dhabi Investment Authority. Purplle currently stands at an estimated valuation of $1.1 Bn with an annual revenue worth $30.5 M in FY21-22.

Purplle acquires the organization, FACES cosmetics.

 

  • STARTUP NAME: Purplle
  • INDUSTRY: E-Commerce (personal care & cosmetics)
  • FOUNDERS: Rahul Dash and Manish Taneja
  • FUNDING: $385 M
  • VALUATION: $1.1 Bn

 

 

 

Physics Wallah

Falling in the EdTech industry, Physics Wallah established in the year 2016 by Alakh Pandey and Prateek Maheshwari is an e-learning platform, offering live classes, test series, video lectures and dynamic exercises for tough entrance exams like NEET, JEE, CUET etc and board exams.

Headquartered in Noida, Physics Wallah entered the unicorn club in June 2022 with an entry valuation of $1.1 Bn. Physics Wallah recorded a funding worth $100 M in its last funding round (Series A) led by WestBridge Capital with the participation of 4 investors.

Physics Wallah recorded an annual revenue worth $31.5 M in FY21-22, with profits jumping to INR 97.8 Cr in FY22.

Physics Wallah acquires 6 organizations, including Xylem Learning, Knowledge Planet, Altis Vortex, iNeuron.ai, PrepOnline and FreeCo.

 

  • STARTUP NAME: Physics Wallah
  • INDUSTRY: EdTech
  • FOUNDERS: Alakh Pandey and Prateek Maheshwari
  • FUNDING:¬†
  • VALUATION:

 

  • Website: https://www.pw.live
  • Email: support@pw.live

 

 

Open Financial Technologies

Falling in the FinTech- Neo Bank industry, Open Financial Technologies established in 2017 by Ajeesh Achuthan, Aneesh Achuthan, Deena Jacob and Mabel Chacko is Asia’s first neo banking platform for startups and SMEs. It aids companies in managing their cash flow, credit line etc.

Headquartered in Bengaluru, Open Financial Technologies entered the unicorn club in May 2022 with an entry valuation of $1 Bn. Open Financial Technologies recorded a funding worth $50 M in its latest funding round (Series D) led by Arvon Investments and India Infoline with the participation of 6 investors. 

Open Financial Technologies recorded a valuation worth $3.14 Bn with an annual revenue worth $7.56 M. Open Financial Technologies acquires 2 organizations including, Bhanu Tax Consultancy and Finin.

 

  • STARTUP NAME: Open Financial Technologies
  • INDUSTRY: FinTech- Neo bank
  • FOUNDERS: ¬†Ajeesh Achuthan, Aneesh Achuthan, Deena Jacob and Mabel Chacko
  • FUNDING: $187 M
  • VALUATION: $3.14 Bn

 

  • Website: https://open.money
  • Email: letstalk@open.money

 

 

Games24x7

Falling in the industry of gaming, Games24x7, established in 2006 by Bhavin Pandya and Trivikraman Thampy is an online gaming platform that spans skill games like RummyCircle (online rummy) and My11Circle  (fantasy sports) even for real money.

Headquartered in Mumbai, Maharashtra, Games24x7 entered the unicorn club in March 2022 with an entry valuation of $2.5 Bn. Games24x7 recorded a funding worth $75M in their latest funding round (Series C) led by Malabar Investments and Tiger Global Management with the participation of 7 investors.

Games24x7 recorded a valuation of $2.53 Bn as of 2022 and an annual revenue worth $159 M in FY21-22.

 

  • STARTUP NAME: Games24x7
  • INDUSTRY: Gaming
  • FOUNDERS: Bhavin Pandya and Trivikraman Thampy
  • FUNDING: $107 M
  • VALUATION: $2.53 Bn

 

 

 

Oxyzo Financial Services

Falling in the FinTech- Marketplace (SME) industry, Oxyzo Financial Services established in 2016 by Asish Mohapatra and Ruchi Kalra is a platform where businesses can get access to micro loans from online lenders. 

Headquartered in Gurugram, Oxyzo Financial Services entered the unicorn club in March 2022 with an entry valuation of $1 Bn. Oxyzo Financial Services recorded a funding worth $200 M in their latest funding round (series A) led by Norwest Venture Partners, Tiger Global Management, Creation Investments, Alpha Wave and Matrix Partners India with the participation of 6 investors.

Oxyzo Financial Services recorded an annual revenue of $42 M in FY21-22.

 

  • STARTUP NAME: Oxyzo Financial Services¬†
  • INDUSTRY:¬† FinTech- Marketplace (SME)
  • FOUNDERS: Asish Mohapatra and Ruchi Kalra
  • FUNDING: $200 M
  • VALUATION:

 

 

 

Amagi Media Labs 

Falling in the SaaS-Local Ads Targeting industry, Amagi Media Labs established in 2008 by Srividhya Srinivasan, Srinivasan KA and Baskar Subramanian is a media tech company providing cloud-based solutions for OTT and TV broadcasters, advertisers content owners etc by presenting a range of services including delivering, distributing and monetising their video content across various digital and traditional TV platforms. 

Headquartered in Bangalore, Karnataka, Amagi Media Labs entered the unicorn club in March 2022 with an entry valuation of $1 Bn. Amagi Media Labs raised a sum of $100 M in its latest funding round (Series F) led by General Atlantic with the participation of 6 investors. 

Amagi Media Labs acquires Streamwise and recorded an annual revenue of $29.6 M in FY20-21. 

 

STARTUP NAME: Amagi Media Labs

INDUSTRY:  SaaS-Local Ads Targeting

FOUNDERS: Srividhya Srinivasan, Srinivasan KA and Baskar Subramanian

FUNDING: $359 M

VALUATION: $1.4 Bn

 

  • Website: https://www.amagi.com
  • Email:¬†

 

 

Yubi

Falling in the FinTech industry, Yubi (formerly CredAvenue) established in 2017 by Gaurav Kumar is a platform where businesses in need of loans can get in contact with a network of lenders online including both bank and non-bank financial companies. It’s a platform where businesses can get access to debt financing solutions.

Headquartered in Chennai, Tamil Nadu, Yubi entered the unicorn club in March 2022 with an entry valuation worth $1.3 Bn. Yubi raised a sum of $137 M in its last funding round. Yubi has touched a valuation of $1.5 Bn after secondary sales by investors. 

Yubi acquires 3 organizations FinFort, SPOCTO and Corpository.

 

STARTUP NAME: Yubi 

INDUSTRY: FinTech

FOUNDERS: Gaurav Kumar

FUNDING: $227 M

VALUATION: $1.5 Bn

 

 

 

Hasura

Falling in the SaaS- Programming Tool, Hasura established in 2017 by Rajoshi Ghosh and Tanmai Gopal provides a development platform to build extensible, modern and real-time applications. It also aids in connecting the application to your database. It enables the user to easily access their data through GraphQL API. 

Headquartered in Bengaluru, Hasura entered the unicorn club in February 2022 with an entry valuation of $1 Bn. Hasura raised a sum of $100 M in its latest funding round (Series C) led by Greenoaks with the participation of 4 investors. 

 

STARTUP NAME: Hasura

INDUSTRY: Saas-Programming Tool

FOUNDERS: Rajoshi Ghosh and Tanmai Gopal

FUNDING: $137 M

VALUATION: $1 Bn

 

  • Website: https://hasura.io
  • Email:¬†

 

 

Uniphore

Falling in the SaaS- Conversational Service Automation industry, Uniphore established in 2008 by Ravi Saraogi and Umesh Sachdev is a conversational artificial intelligence and speech recognition application. It is a retailer of a variety of software including conversational assistant, conversational analytics and conversational security. 

Headquartered in Palo Alto, California, Uniphore entered the unicorn club in February 2022 with an entry valuation of $2.5 Bn. Uniphore raised a sum of $400 M in its latest funding round (Series E) led by New Enterprise Associates with the participation of 3 investors.

Uniphore recorded an annual revenue worth $99.8 M in FY21-22. Uniphore acquires 5 organizations including HEXAGONE, RedBox, Emotion Research Lab, Colabo and Jacada.

 

STARTUP NAME: Uniphore

INDUSTRY: SaaS- Conversational Service Automation

FOUNDERS: Ravi Saraogi and Umesh Sachdev

FUNDING: $658 M

VALUATION: $2.5 Bn

 

 

 

XpressBees Logistics

Falling in the logistic services industry, XpressBees established in 2015 by Supam Maheshwari and Amitava Saha is a logistics company, providing customized express delivery, last-mile delivery, drop shipping, reverse logistics, payment collection, cross-border services, vendor management, tailored software solutions, fulfillment services and much more. 

Headquartered in Pune, XpressBees entered the unicorn club in February, 2022 with an entry valuation of $1.3 Bn. XpressBees raised a sum of $40 M in its latest funding round (Series F) led by Khazanah Nasional Berhad with the participation of 9 investors. 

XpressBees recorded an annual revenue of $259 M in FY21-22 and currently acquires the organization- Trackon.

 

STARTUP NAME: XpressBees

INDUSTRY: Logistic Services

FOUNDERS: Supam Maheshwari and Amitava Saha

FUNDING: $600 M

VALUATION: $1.4 Bn

 

  • Website: https://www.xpressbees.com
  • Email: customercare@xpressbees.com

 

 

LivSpace

Falling in the interior design industry, LivSpace established in 2014 by Ramakant Sharma and Anuj Srivastava is an online platform connecting its users to products services and designers for in-home interior designing and improvements.

Headquartered in Bangalore, LivSpace entered the unicorn club in February, 2022 with an entry valuation of $1.2 Bn. LivSpace raised a sum of $184M in its latest funding round (Series F) led by Jungle Ventures, Venturi Partners, Reno Asia Holdings, KKR and EDBI with the participation of 7 investors.

LivSpace recorded an annual revenue of $137 M in FY22-23 and acquires 4 organizations including Qanvast, YoFloor, Dwll In and DezignUp.

 

STARTUP NAME: LivSpace

INDUSTRY: Interior Design

FOUNDERS: Ramakant Sharma and Anuj Srivastava 

FUNDING: $522 M

VALUATION:

 

  • Website: https://www.livspace.com
  • Email: care@livspace.com

 

 

ElasticRun

Falling in the logistic services industry, ElasticRun established in 2016 by Shitiz Bansal, Sandeep Deshmukh and Saurabh Nigam is a distribution and logistic platform connecting traditionally unserviced customers to businesses. It provides a B2B eCommerce platform for rural India. 

Headquartered in Pune, ElasticRun entered the unicorn club in February, 2022 with an entry valuation of $1.4 Bn. ElasticRun raised a sum of $330 M in its latest funding round (Series E) led by SoftBank Group, SoftBank Vision Fund and Goldman Sachs Investment Partners with the participation of 9 investors. ElasticRun recorded an annual revenue of $513 M in FY21-22.

 

STARTUP NAME: ElasticRun

INDUSTRY: Logistic Services

FOUNDERS: Shitiz Bansal, Sandeep Deshmukh and Saurabh Nigam

FUNDING: $461 M

VALUATION: $1.5 Bn

 

  • Website: https://www.elastic.run
  • Email: ¬†

 

 

Polygon

Falling in the Web3- infrastructure industry, Polygon (formerly, Matic Network) established in 2017 by Sandeep Nailwal, Jaynti Kanani and Anurag Arjun is a blockchain-based portal to develop applications. It aids in Ethereum scaling and infrastructure development. 

Headquartered in Bangalore, Polygon entered the unicorn club in February, 2022 with an entry valuation of $1 Bn. Polygon raised a sum of $450 M in its latest funding round (Series D) led by Peak XV Partners with the participation of 19 investors. 

Polygon recorded an annual revenue of $1.11 M in FY19-20 and it acquires 3 organizations including Hermes Network, Mir Protocol and All Consulting Service.

 

STARTUP NAME: Polygon

INDUSTRY: Web3- Infrastructure Industry

FOUNDERS: Sandeep Nailwal, Jaynti Kanani and Anurag Arjun

FUNDING: $451 M

VALUATION: $20 Bn

 

Website: https://polygon.technology

Email: support@polygon.io

 

 

DealShare

Falling in the E-Commerce (Social Commerce) industry, DealShare established in 2018 by Sourjyendu Medda, Sankar Bora, Rajat Shikhar and Vineet Rao is an online commercial platform for multi-category products. It is a ‚ÄėWhatsApp first‚Äô platform.

Headquartered in Bangalore, DealShare entered the unicorn club in January, 2022 with an entry valuation of $1.62 Bn. DealShare raised a sum of $45 M in its latest funding round (Series E) led by Abu Dhabi Investment Authority with the participation of 6 investors. DealShare recorded an annual revenue of $263 M in FY21-22.

 

STARTUP NAME: DealShare

INDUSTRY: E-Commerce (Social Commerce) 

FOUNDERS: Sourjyendu Medda, Sankar Bora, Rajat Shikhar and Vineet Rao

FUNDING: $393 M

VALUATION: $1.7 Bn

 

 

 

DarwinBox

Falling in the SaaS- HR industry, DarwinBox established in 2015 by Chaitanya Peddi, Jayant Paleti and Rohit Chennamaneni is a comprehensive enterprise HR-software solution designed to streamline and automate every feature of the employee life-cycle within a single, integrated HR platform.

Headquartered in Hyderabad, DarwinBox entered the unicorn club in January, 2022 with an entry valuation of $1 Bn. DarwinBox raised a sum of $5M in its latest funding round (Series D) led by State Bank Of India with the participation of 1 investor. DarwinBox recorded an annual revenue of $16.2 M in FY21-22.

 

STARTUP NAME: DarwinBox

INDUSTRY: SaaS- HR

FOUNDERS: Chaitanya Peddi, Jayant Paleti and Rohit Chennamaneni

FUNDING: $136 M

VALUATION: $1 Bn

 

 

 

LEAD School

Falling in the EdTech industry, LEAD School established in 2012 by Smita Deorah and Sumeet Mehta is an integration of technology, curriculum and pedagogy into a unified system for the purpose of teaching and learning. It is the foremost player in the Edtech industry. It has enhanced child learning and teacher performance all over the country.

Headquartered in Mumbai, LEAD School entered the unicorn club in January, 2022 with an entry valuation of $1.1 Bn. LEAD School raised a sum of $19.6 M in its latest funding round (Conventional Debt Round) with the participation of 5 investors including Stride Ventures, ICICI Bank, Standard Chartered, Alteria Capital and HDFC Bank.

LEAD School raised an annual revenue of $36.8 M in FY22-23 and acquires 2 organizations- Pearson- K-12 Learning and QuizNext. 

 

STARTUP NAME: LEAD School

INDUSTRY: EdTech

FOUNDERS: Smita Deorah and Sumeet Mehta

FUNDING: $171 M

VALUATION: $1 Bn

 

 

 

Fractal

Falling in the SaaS- Analytics industry, Fractal established in 2000 by Ramakrishna Reddy, Abhicine, Pradeep Suryanarayan, Pranay Agarwal and Nirmal Palaparthi is an AI-based company providing solutions for actuarial, underwriting,  operations, marketing, distribution, claims etc for businesses. 

Headquartered in Mumbai, Fractal entered the unicorn club in January, 2022 with an entry valuation of $1 Bn. Fractal raised a sum of $360 M (Series E) in its latest funding round led by TPG with the participation of 1 investor.

Fractal recorded an annual  revenue of $255 M in FY22-23 and acquires 7 organizations including Mobius Innovations, Imagna Analytics, Zerogons, Samya.AI, 4i, inc., Neal Analytics and FinalMile.

 

STARTUP NAME: Fractal

INDUSTRY: SaaS- Analytics

FOUNDERS: Ramakrishna Reddy, Abhicine, Pradeep Suryanarayan, Pranay Agarwal and Nirmal Palaparthi

FUNDING: $685 M

VALUATION: $1.4 Bn

 

Website: https://fractal.ai

Email: 

 

 

GlobalBees

Falling in the Aggregator (Consumer Brands) industry, GlobalBees established in 2021 by Nitin Agarwal, Deepak Khetan and Supam Maheshwari is a company aiding in finding and scaling exceptional products.

Headquartered in Delhi, GlobalBees entered the unicorn club in December, 2021 with an entry valuation of $1.1 Bn. GlobalBees raised a sum of $112 M in its latest funding round (Series B) led by FirstCry and Premji Invest with the participation of 17 investors.

GlobalBees recorded an annual revenue of $16.3 M in FY21-22 and acquires 11 organizations including Strauss ,Absorbia, Rey Naturals, &Me, Prolixr, HealthyHey, Yellow Chimes, The Butternut Company, Mush and Reach.

 

STARTUP NAME: GlobalBees

INDUSTRY: Aggregator (Consumer Brands)

FOUNDERS:  Nitin Agarwal, Deepak Khetan and Supam Maheshwari

FUNDING: $260 M

VALUATION: $1.13 Bn

 

  • Website: https://globalbees.com
  • Email: support.globalbees.com

 

 

Mamaearth

Falling in the cosmetic industry, Mamaearth established in 2016 by Varun Alagh and Gazal Alagh is a D2C brand offering a toxin-free range of great products including baby-care, body-care and hair-care.

Headquartered in Gurgaon, Mamaearth entered the unicorn club in December, 2021 with an entry valuation of $1.07 Bn. Mamaearth raised a sum of $759 K in its latest funding round (Angel Round) backed by investors like Shilpa Shetty Kundra. 

Mamaearth recorded an annual revenue of $129 M in FY21-22 and acquires 4 organisations, including Dr. Sheth’s for Indian Skin, BBlunt, Momspresso and Momspresso MyMoney.

 

STARTUP NAME: Mamaearth

INDUSTRY: Cosmetics

FOUNDERS:  Varun Alagh and Gazal Alagh

FUNDING: $126 M

VALUATION: $1.05 Bn

 

 

 

Pristyn Care

Falling in the HealthTech- Elective Surgery Services, Pristyn Care established in 2018 by Harsimarbir Singh, Vaibhav Kapoor and Garima Sawhney is an online platform, providing appointments for both virtual and in-person consultations. Users can also attain surgery-related details, track appointments and book slots for vaccination doses.

Headquartered in Gurgaon, Pristyn Care entered the unicorn club in December, 2021 with an entry valuation of $1.4 Bn. Pristyn Care raised a sum of $100 M in its latest funding round (Series E) led by Hummingbird Ventures, Peak XV Partners, Epiq Capital Advisors, Tiger Global Management, Trifecta Capital and Winter Capital. With the participation of 15 investors.

Pristyn Care recorded an annual revenue of $13.5 M in FY20-21 and acquires 1 organization- Lybrate.

 

STARTUP NAME: Pristyn Care

INDUSTRY: HealthTech- Elective Surgery Services

FOUNDERS: Harsimarbir Singh, Vaibhav Kapoor and Garima Sawhney 

FUNDING: $181 M

VALUATION: $1.4 Bn

 

  • Website: https://www.pristyncare.com
  • Email: help@pristyncare.com

 

 

Slice

Falling under the FinTech- Credit Card industry, Slice established in 2016 by Rajan Bajaj is a financial platform that helps users to manage expenses, pay bills, and unlock instant rewards. A chaos-free credit experience is provided to the consumers through the Slice- VISA cards.

Headquartered in Bangalore, Slice entered the unicorn club in November, 2021 with an entry valuation of $1 Bn. Slice raised a sum of $50 M in its latest funding round (Series C) led by Tiger Global Management with the participation of 7 investors.

Slice recorded an annual revenue of $39.3 M in FY21-22 and acquires 1 organization- Trustio.

 

STARTUP NAME: Slice

INDUSTRY: FinTech- Credit Card

FOUNDERS: Rajan Bajaj

FUNDING: $342 M

VALUATION: $1.8 Bn

 

 

 

Upstox

Falling in the FinTech industry, Upstox established in 2009 by Kavitha Subramanian, Ravi Kumar, Shrinivas Viswanath and Raghu Kumar is a fintech startup providing investment opportunities to its users. It is an application based trading platform for stocks.

Headquartered in Mumbai, Upstox entered the unicorn club in November, 2021 with an entry valuation of $3.4 Bn. Upstox raised an undisclosed amount in its latest funding round (Series C) which included the participation of 3 investors including Larry Fitzgerald, Kal Somani and Shikhar Dhawan.  Upstox recorded an annual revenue of $57.8 M in FY20-21.

 

STARTUP NAME: Upstox

INDUSTRY: FinTech

FOUNDERS: Kavitha Subramanian, Ravi Kumar, Shrinivas Viswanath and Raghu Kumar

FUNDING: $220 M

VALUATION: $3.42 Bn

 

 

 

Spinny

Falling in the Marketplace- Used Cars industry, Spinny established in 2015 by Niraj Singh, Mohit Gupta and Ramanshu Mahaur is an online platform offering used cars to its users with involvement of safe and hassle-free transactions.

Headquartered in Gurgaon, Spinny entered the unicorn club in November, 2021 with an entry valuation of $1.5 Bn. Spinny raised a sum of $518 K in its latest funding round (Angel Round) led by Sachin Tendulkar with the participation of 2 investors.

Spinny recorded an annual revenue of $24.2 M in FY21-22 and acquires 3 organizations including Scouto, Truebil and HopCar.

 

STARTUP NAME: Spinny

INDUSTRY: Marketplace-Used Cars

FOUNDERS: Niraj Singh, Mohit Gupta and Ramanshu Mahaur

FUNDING: $531 M

VALUATION: $1.61 Bn

 

 

 

NoBroker

Falling in the PropTech- Classified industry, NoBroker established in 2014 by Amit Agarwal, Akhil Gupta and Saurabh Garg is a solo platform for all property related needs. It is the first and only unicorn proptech platform in India that is 100% brokerage free.

Headquartered in Bangalore, NoBroker entered the unicorn club in November, 2021 with an entry valuation of $1 Bn. NoBroker raised a sum of $5 M in its latest funding round (Series E) led by Google with the participation of 1 investor. 

NoBroker recorded an annual revenue of $29.1 M in FY20-21 and acquires 1 organization- Society Connect.

 

STARTUP NAME: NoBroker

INDUSTRY: PropTech- Classified

FOUNDERS: Amit Agarwal, Akhil Gupta and Saurabh Garg

FUNDING: $423 M

VALUATION: $1.06 Bn

 

  • Website: https://www.nobroker.in
  • Email: hello@nobroker.in

 

 

Mensa Brands

Falling in the Aggregator- Consumer Brands industry, Mensa Brands established in 2021 by Ananth Narayanan, Aniket Nikumb and Pawan Kumar Dasaraju is a D2C marketplace company that ties up with entrepreneurs to build and scale their digital brands.

Headquartered in Bangalore, Mensa Brands entered the unicorn club in November, 2021 with an entry valuation of $1.2 Bn. Mensa Brands raised a sum of $40 M  in its latest funding round (Conventional Debt) with the involvement of 1 investor- EvolutionX.

Mensa Brands recorded an annual revenue of $41.4 M in FY21-22 and acquires 20 organizations including Prettykrafts, Myfitness, TruthBasket, Estalon, Florona, Bey Bee, Pebbles, MensXP, iDiva and HYPP.

 

STARTUP NAME: Mensa Brands

INDUSTRY: Aggregator- Consumer Brands

FOUNDERS: Ananth Narayanan, Aniket Nikumb and Pawan Kumar Dasaraju

FUNDING: $201 M

VALUATION: $1.2 Bn

 

  • Website: https://mensabrands.com
  • Email: partners@mensabrands.com

 

 

Cure.fit

Falling in the HealthTech- Wellness industry, CureFit established in 2016 by Ankit Nagori and Mukesh Bansal is a fitness and health startup, providing both in-person and digital experiences across mental-being, fitness, nutrition etc. 

Headquartered in Bangalore, Cure.fit entered the unicorn club in November, 2021 with an entry valuation of $1.5 Bn. Cure.fit raised a sum of $110 M in its latest funding round. The list of its investors include HDFC Bank, Kotak Mahindra Bank, Unilever, Oaktree Capital Management, Axis Bank etc.

Cure.fit acquires 14 organizations including Seraniti, Rejoov, RPM Fitness, Gold’s Gym, OneFitPlus, Urban Terrain, TREAD, FITSO, Fitternitty and Onyx.

 

STARTUP NAME: Cure.fit

INDUSTRY: HealthTech- Wellness

FOUNDERS: Ankit Nagori and Mukesh Bansal

FUNDING: $399 M

VALUATION:

 

  • Website: https://cure.fit
  • Email: hello@cult.fit

 

 

MyGlamm

Falling in the Personal Care industry, MyGlamm established in 2015 by Darpan Sanghvi and Priyanka Gill is an online marketplace, offering multi-category products including haircare, cosmetics, skincare etc.

Headquartered in Mumbai, MyGlamm entered the unicorn club in November, 2021 with an entry valuation of $1.2 Bn. MyGlamm raised a sum of $150 M in its latest funding round (Series D) led by Prosus and Warburg Pincus.

MyGlamm recorded an annual revenue of $33.9 M and acquires 5 organizations including BabyChakra, ScoopWhoop, MissMalini Entertainment, PopXO and The Moms Co. 

 

STARTUP NAME: MyGlamm

INDUSTRY: Personal Care

FOUNDERS: Darpan Sanghvi and Priyanka Gill 

FUNDING: $295 M 

VALUATION: $1.2 Bn

 

 

 

Acko

Falling in the FinTech- General Insurance industry, Acko established in 2016 by Ruchi Deepak and Varun Dua is an application based, insurance offering company for individuals working in the healthcare or transportation sector.

Headquartered in Bangalore, Acko entered the unicorn club in October, 2021 with an entry valuation of $1.1 Bn. Acko raised a sum of $15.9 M in its latest funding round. 

 

STARTUP NAME: Acko

INDUSTRY: FinTech- General Insurance

FOUNDERS: Ruchi Deepak and Varun Dua

FUNDING: $541 M

VALUATION:

 

 

CarDekho

Falling in the Marketplace- Cars industry, CarDekho established in 2008 by Anurag Jain and Amit Jain is a application-based platform retailing both new and used cars.

Headquartered in Jaipur, CarDekho entered the unicorn club in October, 2021 with an entry valuation of $1.2 Bn. CarDekho raised a sum of $200 M in its latest funding round (Series E) led by Mirae Asset and LeapFrog with the participation of 9 investors.

CarDekho recorded an annual revenue of $221 M in FY 21-22 and acquires 8 organizations including Gaadi Web, ZigWheels, Carmudi Philippines, Connecto, Carbiq and BuyingIQ.

 

STARTUP NAME: CarDekho

INDUSTRY: Marketplace- Cars

FOUNDERS: Anurag Jain and Amit Jain

FUNDING: $570 M

VALUATION: $1.2 Bn

 

 

Rebel Foods

Falling in the FoodTech- Cloud Kitchen industry, Rebel Foods established in 2011 by Ankush Grover, Kallol Bannerjee, Ankur Sharma and Jaydeep Barman  is a virtual restaurant network provider for food businesses. 

Headquartered in Mumbai, Rebel Foods entered the unicorn club in October, 2021 with an entry valuation of $1.4 Bn. Rebel Foods raised a sum of $9.15 M in its latest funding round (Conventional Debt) with the participation of 2 investors- Stride Ventures and Northern Arc.

Rebel Foods recorded an annual revenue of $122 M in FY 21-22 and acquires 1 organization- Smoor Chocolates.

 

STARTUP NAME: Rebel Foods

INDUSTRY: FoodTech- Cloud Kitchen

FOUNDERS: Ankush Grover, Kallol Bannerjee, Ankur Sharma and Jaydeep Barman

FUNDING: $513 M

VALUATION: $1.4 Bn

 

  • Website: https://www.rebelfoods.com
  • Email: info@rebelfoods.

 

CoinSwitch

Falling in the Cryptocurrency Exchange industry, CoinSwitch established in 2017 by Govind Soni, Ashish Singhal and Vimal Sagar Tiwari  is an application-based cryptocurrency trading platform.

Headquartered in Bangalore , CoinSwitch entered the unicorn club in October 2021 with an entry valuation of $1.9 Bn. CoinSwitch raised a sum of $260M in its latest funding round (Series C) led by Andreessen Horowitz, Ribbit Capital, Ventures.coinbase.com, Tiger Global Management and Pardigm with the participation of 6 investors.

CoinSwitch recorded an annual revenue of $30.3 M in FY 21-22.

 

STARTUP NAME: CoinSwitch

INDUSTRY: Cryptocurrency Exchange

FOUNDERS: Govind Soni, Ashish Singhal and Vimal Sagar Tiwari

FUNDING: $302 M

VALUATION: $1.91 Bn

 

  • Website: https://coinswitch.co
  • Email: csksupport@coinswitch.co

 

Licious

Falling in the E-Commerce industry, Licious established in 2015 by Vivek Gupta, Abhay Hanjura and Varun Sadana is an e-commerce delivery website offering a range of non-veg products including meat, seafood, fish, eggs, chicken, and even cold-cuts.

Headquartered in Bangalore, Licious entered the unicorn club in October 2021 with an entry valuation of $1 Bn. Licious raised a sum of $150 M in its latest funding round (Series F) led by Amansa Capital with the participation of 18 investors.

Licious recorded an annual revenue of $94.8 M in FY 21-22.

 

STARTUP NAME: Licious

INDUSTRY: E-Commerce

FOUNDERS: Vivek Gupta, Abhay Hanjura and Varun Sadana

FUNDING: $490 M

VALUATION: $1.5 Bn

 

  • Website: https://www.licious.in
  • Email: talktous@licious.com

 

Vedantu

Falling in the EdTech industry, Vedantu established in 2014 by Vamsi Krishna, Anand Prakash, Saurabh Saxena and Pulkit Jain is a digital tutoring platform providing both personalized tutoring and online courses.

Headquartered in Bangalore, Vedantu entered the unicorn club in September 2021 with an entry valuation of $1 Bn. Vedantu raised a sum of $19.6 M in its latest funding round (Series E) led by Catamaran and Accel with the participation of 3 investors.

Vedantu recorded an annual revenue of $26.1 M in FY 21-22 and acquires 3 organizations including InstaSolv, Pedagogy and Deeksha College. 

 

STARTUP NAME: Vedantu

INDUSTRY: EdTech

FOUNDERS: Vamsi Krishna, Anand Prakash, Saurabh Saxena and Pulkit Jain

FUNDING: $328 M

VALUATION: $1 Bn

 

 

Apna.co

Falling in the Marketplace- Jobs industry, Apna.co established in 2019 by Nirmit Parikh is a multi-industry online job board where its users who are in search of a job  can create a profile listing their skills, experience, education etc.

Headquartered in Bangalore, Apna.co entered the unicorn club in September 2021 with an entry valuation of $1.1 Bn. Apna.co raised a sum of $100 M in its latest funding round (Series C) led by Tiger Global Management with the participation of 6 investors.

 

STARTUP NAME: Apna.co

INDUSTRY: Marketplace- Jobs

FOUNDERS: Nirmit Parikh

FUNDING: $194 M

VALUATION: $1.1 Bn

 

  • Website: https://apnahire.apna.co
  • Email: ratika.grievance@apna.co

 

Mobile Premier League

Falling in the Gaming industry, Mobile Premier League established in 2018 by Shubham Malhotra, Sai Srinivas Kiran G and Shubh Malhotra is a mobile gaming and esports platform.

Headquartered in Bangalore, Mobile Premier League entered the unicorn club in September 2021 with an entry valuation of $2.3 Bn. Mobile Premier League raised a sum of $5.52 M in its latest funding round (Series E) led by MSA Novo with the participation of 2 investors.

Mobile Premier League recorded an annual revenue of $65.7 M in FY 21-22 and acquires 3 acquisitions GameDuell, GamingMonk and Crevise Technologies.

 

STARTUP NAME: Mobile Premier League

INDUSTRY: Gaming

FOUNDERS: Shubham Malhotra, Sai Srinivas Kiran G and Shubh Malhotra

FUNDING: $396 M

VALUATION:

 

 

Zetwerk

Falling in the Marketplace- Manufacturing Services  industry, Zetwerk established in 2018 by Vishal Chaudhary, Srinath Ramakkrushnan, Rahul Sharma and Amrit Acharya is a B2B structured online marketplace, offering manufacturing services.

Headquartered in Bangalore, Zetwerk entered the unicorn club in August 2021 with an entry valuation of $1 Bn. Zetwerk raised a sum of $120 M in its latest funding round (Series F) led by Avenir Growth Capital with the participation of 4 investors.

Zetwerk recorded an annual revenue of $679 in FY 21-22 and acquires 4 organizations including Pinaka Aerospace Solutions, Wardha Fabrications, SharkTanks and Unimacts.

 

STARTUP NAME: Zetwerk 

INDUSTRY: Marketplace- Manufacturing Services

FOUNDERS: Vishal Chaudhary, Srinath Ramakkrushnan, Rahul Sharma and Amrit Acharya

FUNDING: $764 M

VALUATION: $2.7 Bn

 

 

BlinkIt

Falling in the E-Commerce (Groceries)  industry, BlinkIt (formerly, Grofers) established in 2013 by Saurabh Kumar and Albinder Dhindsa is an online portal providing extremely fast grocery and other goods delivery.

Headquartered in Gurgaon, BlinkIt entered the unicorn club in August 2021 with an entry valuation of $1 Bn. BlinkIt raised a sum of $150 M in its latest funding round (Conventional Debt) with the participation of 1 investor- Zomato.

BlinkIt recorded an annual revenue of $93.2 M in FY 22-23 and acquires 2 organizations including Townrush and Mygreenbox. 

 

STARTUP NAME: BlinkIt

INDUSTRY: E-Commerce

FOUNDERS: Saurabh Kumar and Albinder Dhindsa

FUNDING: $757 M

VALUATION: $

 

 

Eruditus

Falling in the EdTech (Executive Education) industry, Eruditus established in 2010 by Ashwin Damera and Chaitanya Kalipatnapu is an executive level programs education provider for professionals.

Headquartered in Mumbai, Eruditus entered the unicorn club in August 2021 with an entry valuation of $3.2 Bn. Eruditus raised a sum of $350 M in its latest funding round (Conventional Debt) which included the participation of 1 investor- Cpp Investments.

 

STARTUP NAME: Eruditus

INDUSTRY: EdTech

FOUNDERS: Ashwin Damera and Chaitanya Kalipatnapu

FUNDING: $814 M

VALUATION: 

 

  • Website: https://eruditus.com
  • Email:¬†

 

CoinDCX

Falling in the Cryptocurrency Exchange industry, CoinDCX established in 2018 by Neeraj Khandelwal and Sumit Gupta is a cryptocurrency exchange aggregator application. 

Headquartered in Mumbai, CoinDCX entered the unicorn club in August 2021 with an entry valuation of $1.1 Bn. CoinDCX raised a sum of $135 M in its latest funding round (Series D) led by Pantera Capital and Steadview with the participation of 10 investors.

CoinDCX recorded an annual revenue of $79.1 M in FY 21-22. 

 

STARTUP NAME: CoinDCX

INDUSTRY: Cryptocurrency Exchange

FOUNDERS: Neeraj Khandelwal and Sumit Gupta

FUNDING: $247 M

VALUATION: $2.15 Bn

 

 

 

UpGrad

Falling in the EdTech (Higher Studies) industry, UpGrad established in 2015 by Mayank Kumar, Tommy Sons, Ronnie Screwvala, Ravijot Chugh and Phalgun Kompalli is an application- based platform providing higher education programs to professionals who are working.

Headquartered in Mumbai, UpGrad entered the unicorn club in August 2021 with an entry valuation of $1.2 Bn. UpGrad raised a sum of $225 M in its latest funding round.

UpGrad acquires 14 organization including Impartus Innovations, Rekrut India, Global Study Partners, KnowledgeHut, Talentedge, Work Better Training, INSOFE, Harappa Education, Exampur and Centum Learning. 

 

STARTUP NAME: UpGrad

INDUSTRY: EdTech

FOUNDERS: Mayank Kumar, Tommy Sons, Ronnie Screwvala, Ravijot Chugh and Phalgun Kompalli 

FUNDING: $600 M

VALUATION: $2 Bn

 

 

MindTickle

Falling in the SaaS- Hr (Training) industry, MindTickle established in 2011 by Deepak Diwakar, Mohit Garg, Krishna Depura and Nishant Mungali is a cloud based, software company offering tools for sales enablement and readiness for businesses. 

Headquartered in Bangalore/ San Francisco, MindTickle entered the unicorn club in August 2021 with an entry valuation of $1.2 Bn. MindTickle raised a sum of $100 M in its latest funding round (Series E) led by SoftBank Vision Fund with the participation of 6 investors.

MindTickle acquires 1 organization- Enable Us.

 

STARTUP NAME: MindTickle

INDUSTRY: SaaS- Hr

FOUNDERS: Deepak Diwakar, Mohit Garg, Krishna Depura and Nishant Mungali

FUNDING: $281 M

VALUATION: $1.2 Bn

 

  • Website: https://www.mindtickle.com
  • Email:

 

BharatPe

Falling in the FinTech- Payment industry, BharatPe established in 2018 by Ashneer Seth Grover, Bhavik Koladiya and Shashvat Nakrani is a QR code based payment application for businesses and consumers.

Headquartered in Delhi, BharatPe entered the unicorn club in August 2021 with an entry valuation of $2.8 Bn. BharatPe raised a sum of $13.3 M in its latest funding round (Conventional Debt) which included the participation of 1  investor- Mas Financial Services. 

BharatPe recorded an annual revenue of $91.3 M in FY 21-22 and acquires 2 organizations including TrillianLoans and PayBack.

 

STARTUP NAME: BharatPe

INDUSTRY: FinTech

FOUNDERS: Ashneer Seth Grover, Bhavik Koladiya and Shashvat Nakrani

FUNDING: $617 M

VALUATION: $2.86 Bn

 

  • Website: https://bharatpe.com
  • Email: nodalofficer@bharatpe.com

 

OfBusiness

Falling in the NBFC- SME Loans industry, OfBusiness established in 2015 by Ashish Mohaptra, Bhavan Gupta, Chandranshu Sinha, Nitin Jain, Ruchi Kalra, Vasant Sridhar and Srinath Ramakkrushnan is a tech- enabled platform helping initiate raw material procurement.

Headquartered in Gurgaon, OfBusiness entered the unicorn club in July 2021 with an entry valuation of $1.5 Bn. OfBusiness raised a sum of $816 K in its latest funding round (Series G) led by Going Nuts with the participation of 1 investor.

OfBusiness recorded an annual revenue of  $976 M in FY 21-22 and acquires 1 organization- SMW Ispat.

 

STARTUP NAME: OfBusiness

INDUSTRY: NBFC- SME Loans 

FOUNDERS: Ashish Mohaptra, Bhavan Gupta, Chandranshu Sinha, Nitin Jain, Ruchi Kalra, Vasant Sridhar and Srinath Ramakkrushnan

FUNDING: $891 M

VALUATION: $4.92 Bn

 

  • Website: https://www.ofbusiness.com
  • Email: compliance@ofbusiness.in

 

Droom

Falling in the Marketplace industry, Droom established in 2014 by Sandeep Aggarwal  is an AI-driven marketplace to sell and buy a variety of used vehicles.

Headquartered in Gurgaon, Droom entered the unicorn club in July 2021 with an entry valuation of $1.2 Bn. Droom raised a sum of $200 M in its latest funding round (Series G) with the participation of 2 investors including 57 Stars and SeventTrain Ventures. 

Droom acquires 1 organization- Visiolab Ideas Pvt. Ltd. 

 

STARTUP NAME: Droom

INDUSTRY: Marketplace

FOUNDERS: Sandeep Aggarwal

FUNDING: $341 M

VALUATION: $1.2 Bn

 

  • Website: https://droom.in
  • Email: info@droom.in

 

 

Disclaimer: Daalchini blogs are created solely for educational purposes. Daalchini aims towards being a guide for you at every step.  The particulars provided on the site are variables and estimates, and hence Daalchini will not be liable for any innacurate, irrelevant or fake information present. We encourage you to consult professionals before relying completely on the information present on our site and taking any financial or legal decisions. 

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