What are the top 5 unicorns in India?-India’s largest Unicorn Startups, see the complete list!
Top 5 Unicorn Startups of India
In today’s time, there is a unique wave of business and startups in our country. Most people want to start their own new startup and business.
One of the biggest reasons for this is that starting a startup in India has become very easy today. Moreover, most investors are also investing their money in our country’s businesses. This is why there are now over 100 unicorn startups in India.
In such a scenario, many people want to know about the top 5 unicorn startups in India. Therefore, in today’s article, we will tell you about the top 5 unicorn startups in India and which are the biggest unicorn startups in the country. So, let’s get started.
What is a Unicorn Startup?
Before proceeding, let us inform you that a Unicorn Startup is a company that has a valuation of more than 1 billion dollars. As of today, more than 100 Unicorn Startups have emerged in India.
Additionally, our country, India, is the third in the world with the highest number of Unicorn Startups, with only China and the United States ahead of us. However, it is estimated that in the coming years, our country will become the second-largest Unicorn Startup Hub in the world.
5 Top Unicorn Startups of India
Below is information about the 10 largest unicorn startups in India.
InMobi
InMobi company was started in India in the year 2007. It is a Bengaluru-based mobile advertising company that helps various mobile companies with their advertising. The founder and CEO of InMobi company is Naveen Tiwari. Additionally, InMobi became India’s first unicorn company.
Apart from this, InMobi started its own subsidiary company named Glance in the year 2019, which itself became a unicorn company in 2020.
Flipkart
You must already know about Flipkart, one of the largest online shopping platforms in India, where you can shop for almost everything online. It was started in 2007 in Bengaluru by Binny Bansal and Sachin Bansal.
According to reports, in 2023, Flipkart’s valuation exceeded 37 billion dollars, making it one of the largest unicorn companies in India. Additionally, it is noteworthy that in 2018, Flipkart was acquired by Walmart for 16 billion dollars.
Dream11
If you are familiar with Fantasy Cricket, you must have heard of Dream 11 at some point. This company is India’s largest sports fantasy company, which was started in 2008 by Bhavit Sheth and Harsh Jain.
Let me tell you that millions of users are connected with Dream 11, who use Dream 11 to play fantasy sports. According to reports, in 2021, the valuation of this company was 8 billion dollars, making it one of India’s largest unicorn startups.
Ola
You must have used Ola to book taxis and rides online at some point. It is one of the most popular online taxi booking companies in India, used by millions of people every day. Ola was founded in 2010 by Bhavish Aggarwal and Ankit Bhati.
Additionally, Ola has expanded its operations internationally, allowing people in several countries outside of India to use its services. According to reports, by 2020, the company’s valuation exceeded $6 billion, making it one of the largest unicorn companies.
For online hotel room booking in India, OYO Rooms is the most widely used company. It was started in 2013 by Ritesh Agarwal. When Ritesh started the company, he was only 21 years old.
Today, OYO is India’s largest online hotel room booking company, and it has invested in many properties across the country. This investment has helped the business grow further. According to reports, by 2021, the company’s valuation was $9 billion.(LINK)
In addition to these Indian startups, Swiggy, PhonePe, Zomato, Freshworks, and Nykaa are also included in the list of the top 10 unicorn startups of India.
| Rank | Company | Industry | Founding Year | Founder(s) | Valuation (as of latest available data) |
|---|---|---|---|---|---|
| 1 | Inmobi | Mobile Advertising | 2007 | Naveen Tiwari | $12-15 billion (as of 2021) |
| 2 | Flipkart | E-commerce | 2007 | Binny Bansal, Sachin Bansal | $37 billion (as of 2023) |
| 3 | Dream11 | Sports Fantasy | 2008 | Bhavit Sheth, Harsh Jain | $8 billion (as of 2021) |
| 4 | Ola | Ride-hailing | 2010 | Bhavish Aggarwal, Ankit Bhati | $6 billion (as of 2020) |
| 5 | OYO Rooms | Online Hotel Booking | 2013 | Ritesh Agarwal | $9 billion (as of 2021) |
| 6 | Swiggy | Food Delivery | 2014 | Sriharsha Majety, Nandan Reddy | $5.5 billion (as of 2022) |
| 7 | PhonePe | Mobile Payments | 2015 | Sameer Nigam, Rahul Chari | $12 billion (as of 2023) |
| 8 | Zomato | Food Delivery | 2008 | Deepinder Goyal, Pankaj Chaddah | $13 billion (as of 2023) |
| 9 | Freshworks | Business Software | 2010 | Girish Mathrubootham | $10 billion (as of 2021) |
| 10 | Nykaa | Beauty and Wellness | 2012 | Falguni Nayar | $8 billion (as of 2021) |
BYJU’S
Sector: Edtech
Valuation: $22 billion (as of 2023)
BYJU’S has revolutionized the education sector in India. Founded by Byju Raveendran in 2011, this edtech giant offers personalized learning programs for K-12 students and competitive exams. Its engaging video content, interactive quizzes, and a robust online learning platform have garnered millions of users worldwide, making it one of the most valuable edtech companies globally.
Ola
Sector: Ride-hailing
Valuation: $7.3 billion (as of 2023)
Ola, founded by Bhavish Aggarwal and Ankit Bhati in 2010, is one of India’s leading ride-hailing companies. It has expanded its services beyond just cab rides, including bike and auto-rickshaw services, and even electric vehicle solutions. Ola’s aggressive market strategies and commitment to sustainable transportation have significantly contributed to its growth and success.
Paytm
Sector: Fintech
Valuation: $16 billion (as of 2023)
Paytm, founded by Vijay Shekhar Sharma in 2010, is a pioneer in India’s digital payment landscape. It started as a mobile recharge platform and evolved into a comprehensive financial services provider, including banking, insurance, and investment solutions. Paytm’s user-friendly interface and wide acceptance across merchants have made it a household name in India.
Zomato
Sector: Foodtech
Valuation: $13 billion (as of 2023)
Zomato, co-founded by Deepinder Goyal and Pankaj Chaddah in 2008, has transformed how people discover restaurants and order food online. Zomato’s extensive restaurant listings, user reviews, and seamless food delivery service have made it a dominant player in the foodtech industry. The company’s innovative features, like contactless dining and delivery, have further boosted its popularity.
Swiggy
Sector: Foodtech
Valuation: $10.7 billion (as of 2023)
Swiggy, founded by Sriharsha Majety, Nandan Reddy, and Rahul Jaimini in 2014, has become a major competitor to Zomato in the food delivery sector. Known for its quick delivery and extensive restaurant partnerships, Swiggy has expanded its services to include grocery delivery and concierge services under Swiggy Genie. The company’s relentless focus on customer satisfaction has driven its rapid growth.
Razorpay
Sector: Fintech
Valuation: $7.5 billion (as of 2023)
Razorpay, founded by Harshil Mathur and Shashank Kumar in 2014, has emerged as a key player in the digital payments space. Offering a full-stack financial solutions platform, Razorpay simplifies the complexities of online payments for businesses. Its innovative products, like RazorpayX and Razorpay Capital, cater to diverse business needs, making it a favorite among startups and established enterprises alike.
We hope that this article has provided you with information about the 5 Top Unicorn Startups of India. Share it with your friends so that they can also learn about the 5 Top Unicorn Startups of India.
Conclusion
India’s unicorns are not just redefining industries but also setting global benchmarks for innovation and growth. Their success stories inspire aspiring entrepreneurs and underscore the potential of India’s startup ecosystem. As these unicorns continue to expand and evolve, they hold the promise of a bright and dynamic future for the Indian economy.
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