List of Unicorn Startups in India [107 Till 2024 Updated]

The phrase “Unicorn Startup” is made up of the terms “Unicorn” and “Startup.” A startup with a valuation of more than $1 billion is referred to as a unicorn in the business world. Aileen Lee, a venture capitalist and seed investor, came up with the name. Startups, on the other hand, are often privately held businesses that are still in the early stages of development.

Rajeev Chandrasekhar, the Union Minister of State for Entrepreneurship, Skill Development, and Electronics & Technology, expressed optimism and support for India’s unicorn culture by predicting that within the next two to three years, there will be a 10X increase in the country’s unicorn population, reaching more than 1,000. The Indian government also stated that it anticipates the country’s Tier 2 and Tier 3 cities to produce the majority of the country’s upcoming startup founders.

The nation has been ranked as the third best nation for hosting unicorn enterprises in 2021. When 33 firms on the Indian subcontinent became unicorns in 2021, compared to only 15 for the UK at the time, India passed the UK for third place. When it was last reported in 2021, the leading countries were the US, which added 254 unicorns, and China, which saw 74 unicorns.

With 107 unicorn startups as of 2022, India’s startup ecosystem will have the greatest growth rate worldwide. Unicorn startups are not as unusual today as they once were, but creating one is not simple. To climb the unicorn ladder, a startup needs to put in a lot of effort, dedication, and perseverance. In this post, we’ll talk about the startups that have succeeded in doing so.

According to reports, Indian entrepreneurs raised more than $42 billion in capital in 2021 through 1,584 agreements. Over 60,000 new companies have been founded in India since 2016 in more than 56 different industries, contributing to the creation of more than 6 lakh new jobs in the nation. President Ram Nath Kovind made a specific mention of this in his speech on January 31, 2022, where he highlighted the tremendous potential that Indian startups are bringing forth.

In total, 44 businesses in the nation became unicorns in 2021. Businesses that joined the Indian unicorn club in 2021 included Mamaearth, GlobalBees, Pristyn Care, Slice, Upstox, Rebel Foods, CarDekho, MobiKwik, Acko, The Good Glamm Group, CureFit, Mensa, NoBroker, Spinny, Flipkart Moglix, BharatPe, CoinDCX, upGrad, Groww, BlackBuck, Droom, OfBusiness, Meesho, Apna, Vedantu, Licious, CoinSwitch Kuber, Chargebee, CRED, Digit, Gupshup, Infra.Market, MindTickle, Five Star Business Finance, Innovaccer, Pharmeasy, Sharechat, Urban Company, Zeta, Eruditus, Zetwerk and BrowserStack, and more.

India has already begun to notice unicorns since the beginning of 2022, with Mamaearth being the first of the unicorns of 2022 with 5ire, OneCard, DealShare, ElasticRun, Livspace, LeadSquared, Purplle, PhysicsWallah, Oxyzo, Games 24×7, Open, Fractal Analytics, LEAD School, Darwinbox, Xpressbees, Uniphore, Hasura, CredAvenue, Amagi, and CommerceIQ

Table of Contents

100 Indian Unicorns – A Celebration

What India wants right now is for businesses to grow more quickly and for more unicorns to appear. This implies that in order to reach the unicorn milestone and beyond, the organizations will undoubtedly need to be more serious, resourceful, and collaborative. Additionally, it means that Indian companies should put aside differences in race, gender, and caste and put all of their strength and resources into their job. The apparent gender disparity among the current unicorns is what stands out in this case.

Yes, whereas the remaining firms have no female founders, only 15% of the current unicorns in India include at least one female founder. This unquestionably has to enhance to give the burgeoning businesses a new growth gear. Though things are getting better, because 79% of the unicorn companies in India with female founders were formed after 2011, a lot of thought and activity still needs to be put forward.

India has had more than 100 unicorns as of the achievement of neobank Open. India saw its first unicorn in 2011; ten years later, the country has seen 100 of them, with Flipkart and BYJU’S ranking as two of the most valuable privately held unicorn firms. As of May 2022, the collective market value of India’s unicorns was $333+ billion. The startup ecosystem has been bursting with pride and delight for several days now because the boasting of 100 unicorns is not a common occurrence. Meanwhile, other illustrious creators expressed their excitement and satisfaction over the accomplishment.

The total number of unicorn businesses in India as of 2022 is 105, which we have listed here.

The following table is arranged according to the year that startups become unicorns (Latest to oldest).

Top Unicorn Startups in India as of 2022

InMobi
Flipkart
BharatPe
Dream11
PhonePe
BYJU’S
OLA
OYO Rooms
Swiggy
Zomato
Freshworks
Moglix
upGrad
MakeMyTrip
Nykaa
Policybazaar
CoinDCX
Pine Labs
Highradius
Zetwerk
BlackBuck
Droom
OfBusiness
ShareChat
Verse Innovation
PharmEasy
MyGlamm
CRED
Meesho
Urban Company
Infra.Market
Digit Insurance
Innovaccer
Five Star Business Finance
Groww
Gupshup
Eruditus
Chargebee
Zeta
BrowserStack
Paytm
Paytm Mall
Zerodha
ReNew Power
BigBasket
Udaan
Ola Electric
Mohalla Tech (Moj)
FirstCry
Lenskart
Blinkit (ex-Grofers)
Glance, Inmobi
Dailyhunt
Zenoti
Cars24
RazorPay
Unacademy
Postman
CitiusTech
Icertis
Druva
Rivigo
Matic Network / Polygon
MindTickle
Delhivery
Billdesk
Mu Sigma
MPL
Apna
Vedantu
Licious
CoinSwitch Kuber
Rebel Foods
CarDekho
MobiKwik
Acko
CureFit
Mensa
NoBroker
Spinny
Upstox
Slice
Pristyn Care
GlobalBees
Mamaearth
Fractal Analytics
LEAD School
Darwinbox
DealShare
ElasticRun
Livspace
Xpressbees
Uniphore
Hasura
CredAvenue
Amagi
CommerceIQ
Oxyzo
Games 24×7
Open
PhysicsWallah
Purplle
LeadSquared
OneCard
5ire
Shiprocket
Tata 1mg

FAQs

What Do You Mean by Unicorn Startup?

Startups valued at more than $1 billion are referred to as unicorns.

How Many Unicorns Are There in India?

104 unicorns can now be found in India. In 2021, 44 firms in the nation became unicorns, and in the first six months of 2022, India already had 19 new unicorn enterprises.

Which are the top Indian Unicorns?

India today may take pride in having some of the top unicorns:

Zomato
Nykaa
PolicyBazaar
Oyo
Ola
Paytm
Swiggy
Byju’s
FirstCry
Lenskart
Freshworks
Moglix
Nykaa
Swiggy
Pine Labs
BlackBuck

Which Is India’s First Unicorn Startup?

The first unicorn has been joined by InMobi, a multinational mobile advertising technology business with headquarters in Bangalore and was launched in 2007. 2011 saw InMobi become the first unicorn.

Which Country Has the Most Unicorns?

As of November 2021, the United States topped the list with 472 unicorns.

What Is the Fascination with Firms Called Unicorns?

Startups known as “unicorns” claim a valuation that has surpassed $1 billion and are constantly pushing the limits of their capabilities. The businesses classified as unicorns are always in rivalry with one another and serve as role models for other startups and emerging businesses.

How Many Companies Turn Unicorns?

Though startups are everywhere now around us, as per the recently conducted surveys, 9 out of every 10 startups fail. Therefore, being a successful startup and turning it into a unicorn is always difficult for startups. AngelList says that a venture-backed seed-stage startup has a 1 in 40 shot, which is equivalent to a 2.5% chance of achieving a unicorn status today.