Top Startups in India Which Became Unicorns (US$1 Billion Company)
There are more than 10,000 companies in India which are recognized as startups by the government. There are many startups which are very much successful in their work and few are failed to run in the race. In this post, we will discuss the top startups in India which became unicorns.
A unicorn is a privately held startup company which has a valuation of 1 billion US Dollar or more.
Here is a list of top startups in India which became unicorns, 1 billion US Dollar companies.
Top Startups in India: Unicorn Startups
#1. Paytm (One97 Communications)
Paytm is the brand name of One97 Communications which was founded by Vijay Shekhar Sharma in the year 2010 in Noida, Uttar Pradesh. Paytm is an Indian e-commerce payment system and digital wallet company. when it was started, it used to provide prepaid mobile recharge and DTH recharge services. Later it added more features such as data card, postpaid mobile, and landline bill payment.
Currently, this company provides various online facilities to its users. It provides the facilities of utility bill payment, travel booking, movie and event booking, parking toll payment, insurance premium payment etc. The biggest jump of the company was to start the payment banking and Paytm mall. As in January 2018, its valuation is over US$ 10 Billion.
It was founded in the year 2013 by 18-year old Ritesh Agarwal. In the year 2012, he started a website offering listing and booking of budget accommodations. After researching 100 bead and breakfast homes, guest houses, and small hotels, he launched OYO in the year 2013.
It partners with hotels to give guest experience to the travellers across India. It also serves in foreign countries including Malaysia, UAE, Nepal, China and Indonesia. It is operating with a network of 8,500 hotels in 230 cities.
As in September 2018, its valuation is over US$ 5 Billion.
#3. Ola Cabs
Ola cabs is an online transportation network company. It is an online cab aggregator which provides mobile app-based taxi service to the customers. It was started in the year 2010 by Bhavish Aggarwal in Bangalore. Apart from taxi service, it has started online mobile app-based autorickshaw service. It operates in more than 170 cities across India, Australia, New Zealand, and the UK with more than 10 Lakhs vehicles in its fleet. It claims to get more than 1.5 lakh bookings per day.
As in September 2018, its valuation is over US$ 4.3 Billion.
#4. Paytm Mall
Paytm mall is the e-commerce subsidiary of Paytm. It was launched in the year 2017. It has 1.4 lakh sellers registered with them to sell their products. Paytm mall checks the quality of all the products of the sellers and certifies it to win the trust of customers. It has set up 17 fulfilment centres across India.
As in April 2018, its valuation is over US$ 2 Billion.
Billdesk is an India online payment gateway company which was founded in Mumbai in the year 200 by M. N. Srinivasu, Ajay Kaushal, and Kartik Ganapathy. All three founders of this company previously worked at Arthur Anderson LLP, a US Based accounting firm. There is an estimation that around 70% of the total online billing transactions in India are conducted through Billdesk.
As in November 2018, the valuations of this company is US$1.8 billion.
Freshowrks was originally founded in Chennai, Tamilnadu in the year 2010 by Girish Mathurbootham and Shan Krishnasamy. This company provides a variety of cloud-based SaaS business software tool ranging from IT management to CRM for sales and customer support. Earlier, it had the name Freshdesk which was changed to Freshdesk in the year 2017.
As in July 2018, the valuations of this company is US$1.5 billion.
Swiggy was founded in Bangalore in August 2014 by Nandan Reddy, Sriharsha Majety, and Rahul Jaimini. Nandan (29 Years old) and Sriharsha (31 Years old) are the alumni of BITS Pilani while Rahul (31 years old) is an alumnus of IIT Kharagpur. Nandan and Sriharsh started their first business named Bundl which was providing courier services to small and medium companies. Later they started Swiggy along with Rahul.
When Swiggy was started in 2013, it had 6 delivery executives and 25 listed restaurants on its dashboard. In the next 3 years, these numbers scaled up with 6,000 delivery executives and thousands of restaurants across India. It receives around 1 lakh orders per day.
As in June 2018, the valuations of this company is US$1.3 billion.
#8. Policy Bazar
Policy Bazar is an online aggregator that offers a variety of insurance plans. It serves as an online marketplace for insurance policies. It was founded in the year 2008 in Gurugram, Haryana by Yashish Dahiya, Alok Bansal, and Avanessh Nirjar.
As in July 2018, the valuations of this company is US$1 billion.
BYJU’s is a mobile application of the company Think and Lean Pvt Ltd which was founded in the year 2011 by Byju Raveendran. It is the most revolutionary educational startup in India. It received $50 million investment from Mark Zuckerburg, founder of Facebook in the year 2017. BYJU’s app provides educational contents to students from school students to the aspirants of GMAT, CAT, GRE etc. It claims to have more than 15 million users and more than 10 lakhs paid subscribers.
As in October 2018, the valuations of this company is US$1 billion.
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