A have a look at their journey

A have a look at the journey of the highest 10 unicorns of India

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India lately grew to become the third nation on the planet after China and the US to have crossed the milestone of 100 unicorns. On this yr itself (Until Could 2022), the nation has produced 14 unicorns – startups valued at a billion-dollar or extra. Whereas InMobi was the primary startup to achieve the unicorn standing in 2011, adopted by Flipkart, the utmost variety of unicorns in India have emerged from the e-commerce sector.
It’s reported that India has minted greater than half of its 100 unicorns because the begin of 2021. It’s also noteworthy that the highest 4 unicorns that embody Flipkart, Paytm, Byju’s and Oyo are also referred to as decacorns i.e. firms which have a valuation of $10 billion and above.

Let’s take a look on the journey of the highest 10 unicorns of India:

Flipkart – An Indian e-commerce firm, Flipkart initially targeted on promoting books on-line earlier than diversifying into different product classes. The corporate is headquartered in Bengaluru, Karnataka, and included in Singapore as a non-public restricted firm. Flipkart strengthened its place within the attire phase by buying Myntra in 2014. In 2016, it additionally acquired on-line fee app PhonePe. Flipkart’s present valuation stands at roughly $37.6 billion.

Paytm – Some of the common monetary know-how firms, Paytm specialises in digital fee system, e-commerce and monetary providers. The Noida primarily based setup was began by Vijay Shekhar Sharma in 2010. Paytm went public in November 2021, and the present valuation of One97 Communications (that owns Paytm) is at $5 billion. In 2017, Paytm acquired hyper-local e-commerce firm, nearbuy.com.
Byju’s – Headquartered in Bengaluru, India’s largest schooling know-how firm was based by Byju Raveendran and Divya Gokulnath in 2011. In 2013, BYJU’S acquired seed funding from Aarin Capital, and the educational app was launched in 2015. With over 115 million registered college students, Byju’s is a extremely wanted on-line schooling platform that guarantees conceptual readability by visualisation and personalised studying packages. Following a latest funding of $800 million, the agency is presently valued at $22 billion.

OYO Accommodations & Houses – Based in 2013 by Ritesh Agarwal, OYO initially comprised finances resorts, however later expanded into a sequence of leased and franchised resorts, properties and residing areas. Over a span of 9 years, the OYO group has expanded to over 500 cities in India with 18000+ resorts and 270,000+ rooms. The corporate began its worldwide operations in 2018 and affords providers in Asia, Europe and America. OYO obtained listed as a unicorn firm after it raised $800 million from SoftBank in September 2018. The corporate was valued at $9.6 billion in August 2021, when OYO raised $5 million from Microsoft.

Dream 11 – Based in 2008 by Harsh Jain and Bhavit Sheth, Dream11 is a fantasy sports activities platform that hosts fantasy cricket, hockey, soccer, kabaddi and basketball. In April 2019, Dream11 grew to become the primary Indian gaming firm to turn out to be a unicorn. Among the many many feats, Dream 11 boasts of partnering with Worldwide Cricket Council (ICC), Professional Kabaddi League and Worldwide Hockey Federation, in 2018. In November 2021, Dream Sports activities (mother or father firm of Dream 11) reportedly accomplished an funding of $840 million at a valuation of $8 billion.

PharmEasy – The net pharmacy supply platform that has turn out to be a family title was based in 2014 by Dharmil Sheth and Dr Dhaval Shah. Its traders’ record contains names akin to Prosus Ventures, TPG Progress, CDPQ and Temasek. In April 2021, the corporate raised $350 million to attain the unicorn standing, when it was valued at $1.5 billion. Going by latest experiences, Goldman Sachs is more likely to make investments Rs 2,700 crore in PharmEasy’s mother or father firm, API Holdings Ltd.

CRED – The Bengaluru primarily based fintech firm was based by Kunal Shah in 2018. The app- primarily based bank card funds system has quick gained prominence within the house with its profitable money again affords, journey perks, and likewise rewards customers for utilizing bank cards prudently. CRED achieved the unicorn standing in April 2021, and its valuation almost doubled to $4.01 billion after the agency raised $251 million in a Sequence E funding in October final yr.

BharatPe – Based in March 2018 by Ashneer Grover and Shashvat Nakrani, Delhi-based fintech unicorn, BharatPe is serving in additional than 140 cities throughout India. The digital funds platform attained the unicorn standing in August final yr after it raised $370 million at a $2.85 billion valuation. Going by the media buzz, BharatPe administration is aiming for an IPO within the subsequent 18-24 months.

Meesho – The Bengaluru-based social e-commerce firm was based by IIT Delhi graduates Vidit Aatrey and Sanjeev Barnwal in December 2015. The platform affords a big selection of attire, electronics, cosmetics, home items and extra. Meesho has carved its personal house of being a zero funding reselling platform for small companies. The corporate is specializing in establishing its facility in Hyderabad, and on boarding retail sellers in Tier-II cities.

City Firm – Previously often called City Clap, this ‘At Residence’ service supplier specialises in magnificence, restore, cleansing, grooming, portray, spa and extra. City Firm was based in November 2014 by Abhiraj Singh Bhal, Varun Khaitan and Raghav Chandra. In April 2021, the agency joined the unicorn membership by elevating $190 million, and its valuation jumped to $2 billion.

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