India has 16 of these companies, taking 4 percent of the overall share. Till date, Lenskart has raised nearly $460 million across all funding rounds from investors like Chiratae Ventures, Kedara Capital, Epiq Capital, Ronnie Screwvala’s Unilazer Ventures, TPG Growth and Adveq. After its launch, Dream first raised Series A funding from Kalaari Capital in 2015. Headquartered in Gurugram, online insurance aggregator PolicyBazaar was founded by Yashish Dahiya, Avaneesh Nirjar and Alok Bansal in 2008. This food tech giant took just half a decade to expand its food delivery network from Bengaluru to over 500 cities across India.

Till date, Lenskart has raised nearly $460 million across all funding rounds from investors like Chiratae Ventures, Kedara Capital, Epiq Capital, Ronnie Screwvala’s Unilazer Ventures, TPG Growth and Adveq. Furthermore, Billdesk also saw its revenue grow by 30% in FY17 and 40% in FY16. Flipkart has had one of the most interesting journeys through the decade from foraying into new business segments to the exit of both the founders. For the startups based out of Canada, there is an exclusive term for what we call a unicorn. With more than 8,900 tech startups and over 25 unicorns, India continues to be the third-largest startup ecosystem in the world. Billdesk has a wide range of partners including BSES Rajdhani Power Limited, Vodafone, Idea, Airtel, LIC, ICICI, UTI Mutual Fund, HDFC Mutual Fund, and TATA Sky, among many others. Bengaluru-based B2B online marketplace Udaan was founded by Sujeet Kumar, Vaibhav Gupta and Amod Malviya in 2016. Zomato last raised around INR 440 crores in a round led by Delivery Hero. Bengaluru-based e-commerce giant Flipkart was founded by former Amazon employees Sachin Bansal and Binny Bansal in 2007. India’s leading e-commerce startup saw its revenues soar to ₹ 43,615 crores in FY19, growing by 42% from the previous fiscal. During the same period, owing to accelerated growth Rivigo’s losses more than doubled to touch ₹600 crores from ₹270 crores in the previous fiscal. Type above and press Enter to search. Founded in 2007 and listed under one of the largest e-commerce brands across India, Flipkart is a success story of two friends, Sachin Bansal and Binny Bansal. Founded in 2007 by Naveen Tewari in Bengaluru, InMobi was started as an SMS-based search and monetization business called mKhoj.
In 2018, US-based retail behemoth Walmart acquired Flipkart in a massive $16 billion deal which shook the Indian startup ecosystem. Leading the way for other digital payment gateways in India, Billdesk has made life simpler for its customers and clients.

It was among one of the first startups that were founded early in the last decade and stormed its way to become a unicorn. We have listed down a few pointers that are commonly seen across all the unicorns: A recent report suggests that 87% of the unicorns products are software, 7% are hardware and the rest 6% are other products & services. The definition of a unicorn startup has remained unchanged since then. Spotify, for example, made listening to music easier to the world. In 2017, Dream11 garnered 1.5 crore users and also became the official sponsor for CPL, NBA and ISL.

Post a disastrous performance during FY17, Snapdeal managed to cut its losses significantly to ₹613 crores in FY18 and further down to ₹186 crores in FY19. ReNew Power has emerged as a leader in the Indian renewable energy market and driving the country’s transition from coal-based fuels to cleaner sources like wind and solar. It offers over 35 million products across 800 categories from more than 300,000 sellers. Till date, PolicyBazaar has raked in nearly $500 million in funding from investors like SoftBank, Tiger Global, Inventus India, Wellington Management, Chiratae Ventures and PremjiInvest. We have listed down a few pointers that are commonly seen across all the unicorns: Disruptive innovation: Mostly, all … With more than seven crore users playing Fantasy Cricket, Football, Kabaddi and Basketball, Dream11 has emerged as India’s largest fantasy gaming platform. However, the number of unicorns have gone up.

Best Inventory Management Techniques You Need To Know, How to Use Working Capital Loans to Grow Your Online Business, How to Boost Online Sales Using Google Shopping Ads, Social Media Marketing for Businesses: Decoding Discussion Forums, Social Media Marketing for Businesses: Decoding Media Sharing Platforms, How to Choose a Health Insurance Policy for Your Employees, How to Be a Good Boss to Yourself – Maintaining Productivity as a Freelancer, Payroll Through the Lens of Every Team in an Organisation. In 2017 the company completed its IPO, valuing it at €1.7 billion.

Starting as an online cab aggregator from its headquarters in Bengaluru, this Indian unicorn has driven its way across India, United Kingdom, Australia and New Zealand. PolicyBazaar’s growth can be outlined from its consistently rising revenues which reached ₹312 crores during FY19 from ₹159 crores in FY18. Incorporated earlier this year, Ola Electric is already a unicorn owing to massive funding of $250 million by SoftBank in July 2019. Started in 2010 by Wharton graduate Kunal Bahl and IIT Delhi alumnus Rohit Bansal, Gurugram-based Snapdeal is an online shopping marketplace. As Swiggy continues its momentous growth, it also saw its losses pile up from ₹397 crores in FY18 to reach ₹2,363 crores in FY19. Amongst all the other e-commerce startups in India, Flipkart stands way ahead with the current valuation of more than $15.5 billion. During FY19, BigBasket’s revenue grew by 69% to reach ₹2,380 crores while its losses touched ₹348 crores. With a presence in over 2,500 cities across India, Delhivery has completed more than 550 million shipments till date.

It was late in 2011 that BigBasket raised its first funding round worth ₹5 crores from undisclosed investors. Have a business opportunity to discuss? With more than 100,000 merchants and over 100 brand partners, Pine Labs has grown its presence across more than 3,700 cities and town in India and Asia. With such rapid expansion and growth, it is no surprise that OYO reported a provisional net loss of ₹2,384 crores in FY19 which is a huge rise from ₹360 crores in FY18. Pune and Seattle-based enterprise contract management startup Icertis was founded by Monish Darda and Samir Bodas in 2009. Founded by IIT Bombay graduates Bhavish Aggarwal and Ankit Bhati in 2010, Ola Cabs has emerged as India’s leading ride-sharing startup in the decade. We often talk about unicorns like Uber, Airbnb, Snapchat & Pinterest but little do we discuss what does unicorn exactly mean. Some of its most active investors include Tiger Global Management, SoftBank, Steadview Capital, Sachin Bansal, DST Global, Sequoia Capital, Accel Partners and Matrix Partners, among many others. As this eventful decade comes to an end, it is worth examining some of the most innovative Indian startups that shaped the decade while becoming unicorns in the process.
The point is, any startup mustn’t stop hustling after touching a milestone. Improbable – This UK software company builds simulation software that allows games developers to create virtual and simulated worlds, but also helps governments in building simulations of complex, real-world environments, like … While the young startup has raised a total of $261 million so far, it last raised $175 million from its investors back in 2016. So far, the logistics unicorn has raised around $935 million across all funding round from notable investors like Nexus Venture Partners, Carlyle Group, Fosun Group and SoftBank. Airbnb made the world seem smaller by making the best of the world wide web. With over 30 million unique visitors on its platform and footprint across 1,000 cities, Quikr is disrupting the Indian e-commerce market with innovative offerings across categories like Quikr Nxt, QuikrScanner, QuikrServices and Vernacular Support. Over the years, Lenskart has strengthened its online business and is growing its offline business through a chain of 500 stores across the country. Mumbai-based digital payments gateway Billdesk was founded by M N … What is a Unicorn Startup? Hootsuite and Wattpad are two examples of Narwhal companies. 2018 Billdesk. The term initially was used to lay emphasis on the rarity of such startups. In 2018, Swiggy charted new heights by raising a massive funding round of $1 billion from investors like Prosus & Naspers, Tencent Holdings, DST Global, Hillhouse Capital Group, Wellington Management, Coatue Management and Meituan-Dianping. The future of the Indian startup ecosystem looks bright with the shine of these unicorns. According to CB Insights, there are 361 private companies around the world valued at over $1 billion. It’s a kind of validator, a label that means your startup has made it.

Subscribe to our weekly newsletter for more. The term was first coined by Aileen Lee, founder of Cowboy ventures when she referred to the 39 startups that had a valuation of over $1 billion as unicorns. Want to work with us? Growing its revenues for three consecutive fiscal years, Lenskart posted ₹486 crores in FY19 from ₹310 crores in FY18. The unicorn has been a part of our collective imagination for centuries, and over time, it has come to be almost synonymous with rarity. Today, the platform processes digital payments worth more than $60 billion a year. It later pivoted to the mobile advertising platform and rebranded itself as InMobi. Today Paytm has around 140 million active monthly users and an overall userbase of 350 million. Counting on its robust growth, reports suggest that Freshworks is looking to go public and might raise its IPO in the next two years. This deal provided massively profitable exits for both the founders and several other investors. Earlier this year, the ed-tech giant raised $150 million in a round from Qatar Investment Authority, Owl Ventures and SWFI. Designed for small and medium businesses in India, Udaan has a network of more than 150,000 buyers and sellers across the country. Slow to pick up the pace, India is now home to some of the most innovative startups across diverse domains ranging from ed-tech to health-tech and enterprise to hospitality. Most of the unicorns are privately owned which gets their valuation bigger when an established company invests in it. Press Esc to cancel. In terms of funding, OYO has secured a total of $3.2 billion across all funding rounds from investors like SoftBank, Didi Chuxing, Grab, Airbnb, Innoven Capital, Lightspeed Venture Partners, Sequoia Capital and Greenoaks Capital. Airbnb changed the way people planned their stay while travelling and Snapchat disrupted the usage of the social media network etc. Wide acceptance of its innovative solutions has enabled Pine Labs to keep growing its revenues over time.

It is backed by some of the leading investment and automobile firms around the world including Kia Motors, Hyundai Motor Company, SoftBank, Tata Sons, Tiger Global Management and Matrix Partners.