Unicorn startup is a startup with a valuation of over $1 billion. The term was coined in 2013 and reflects an increase in startups reaching that threshold. There are now more than 95 Indian Unicorn Startups with valuations at or above $1 billion, according to data from Venture Intelligence. In India, there are already 10 Unicorns including Mamaearth, Fractal and LEAD SCHOOL & 7 others being established recently.
Mamaearth
Seeing that lack of trust in baby products and for their new born, Varun and Ghazal Alagh from Gurugram started MamaEarth,in 2016 for their new born.Ghazal Alagh and Varun Alagh, Mamaearth’s co-founders, formed Honasa Consumer Private Limited in 2016 and launched the Mamaearth line of toxin-free products in December 2016.
Mamaearth is the first firm in Asia to be accredited by Made Safe, a non-profit organisation based in the United States that offers a complete human health-focused certification for non-toxic product manufacturing.
MamaEarth is a D2C sector firm and their headquarter In Gurugram. The company’s valuation as of January 2022 was $1.1 billion.when it started Mamaearth had only six products in its portfolio.Over 1.6 million Indian consumers use the product range and today 80 natural and toxin-free goods. Mamaeath is now available in over 500 cities worldwide.Initially MamaEarth was rapidly making its mark online, but now its identity is also becoming offline.
Fractal
Fractal Analytics is a multinational artificial intelligence company that provides services in consumer packaged goods, insurance, healthcare, life sciences, retail and technology, and the financial sector. It’s Headquartered in New York, it has existence in the United States, United Kingdom, and India along with fifteen other countries.
Fractal Analytics was founded in 2000 by Srikanth Velamakanni and Pranay Agrawal.The valuation of company as of January 2022 was $1 billion.
“Fractal is one of the most prominent players in the Artificial Intelligence space. Fractal’s mission is to power every human decision in the enterprise and brings AI, engineering, and design to help the world’s most admired Fortune 500 companies.”company said.
Lead School
LEAD is one of the fastest-growing School Ed-tech companies of India.The company is valued at $1.1 billion after the investment of Gazaw Ventures and Westbridge Capital.
LEAD School was founded in 2012 by Sumeet Mehta and Smita Deorah.The Mumbai-based company, which provides tech-enabled solutions to schools with a focus on digital learning through an online or hybrid model classrooms.
According to company Lead School works with 5,000 schools across 500 cities. By the start of the next fiscal, the company aims to reach 2 million students across the country.
Darwinbox
Darwinbox is a cloud based Integrated HR platform that automates HR processes from recruitment, Core transactions, Payroll, Employee Movement, Employee Engagement, Talent Management and People Analytics, it engage & empower employees while automating and simplifying all HR processes.
Darwinbox company was founded in November 2015 by Chaitanya Peddi, Jayant Paleti and Rohit Chennamaneni. its latest Series-D fundraise of $72 million led by TCV (Technology Crossover Ventures) company’s valuation is $1 billion.
Hyderabad based company is the 84th startup from India to make it to the billion dollar club that also include newly unicorns like fractal and lead school.darwinbox have 1.5 million users in over 90 countries in Asia as well as middle East and North Africa.
Dealshare
Social commerce startup Dealshare is an app-based buying platform intended to help people purchase multi- category consumer products like snacks & drinks, fruits & veggies.Dealshare has raised $45 million from Abu Dhabi Investment Authority (ADIA) with of a larger funding round.
Dealshare is now valued at over $1.7 billion.Rao said,”we will use this fund to strengthen technology, product innovation and hiring in company.Dealshare was founded in 2018 by vineet Rao,Rajat shikhar and Sankar Bora.DealShare sells daily essentials products and targets middle income varg group.
Elasticrun
ElasticRun is a B2B eCommerce platform for rural India Opening up newer possibilities for brands to make their products available to rural consumers.
E-commerce startup ElasticRun has raised $330 million in a funding round led by SoftBank Vision Fund 2 and Goldman Sachs Asset Management. The current round (Series E) has valued the company at $1.5 billion.company’s network helps eCommerce companies reach the customers in far flung rural areas through its crowdsourced logistics network. The rich transaction data generated on ElasticRun platform enables financial institutions to bring in a large number of rural stores as their SME customers.
B2B E-commerce company ElasticRun was founded by Sandeep Deshmukh, Shitiz Bansal and Saurabh Nigam in 2016. ElasticRun has wide coverage in about 26 states and more than 80 thousand villages across the country.
Livspace
Livspace is the world’s largest interior design and home renovation platform that connects interior designers, home owners and vendors. It provide homeowners with personalised and efficient home interior designs. Their interior designers provide end to end services across various kinds of home interior needs- full home interiors, modular kitchens, wardrobes and storages, living rooms, renovations and more. Having made over 20,000 customers happy by delivering their dream homes to them. The company was founded in 2014 by Anuj Srivastava and Ramakant Sharma.
Company has delivered more than 100000 rooms and is selling over 7.5 million items through its platform. “livspace will continue investing in its technology and digitally integrated supply chain and hire talent across the board to support both new and existing business” A Srivastava said.
Xpressbees
Xpressbees is an e-commerce logistics company that provides reliable logistics solutions to its partners. The company offers comprehensive last-mile delivery, reverse logistics, payment collection, drop shipping, vendor management, cross-border services, fulfillment services, and tailored software solutions to clients.
The Pune headquartered startup company was founded in 2015 by Amitava Saha.Logistics startup Xpressbees has raised $300 million in a Funding round led by private equity funds Blackstone Growth,TPG Growth and ChrysCapital.The Company is now an unicorn after the fund round valued it at $1.2 xpressbees works in 3000 cities and delivers overs 1.5 million packages daily.Company has more than 100 hubs across the country.
Uniphore
Uniphore is a conversational automation technology company. Uniphore sells software for conversational analytics, conversational assistants and conversational security. Uniphore has raised $400 million in a Funding round led by NEA,March capital and others.After this round the company’s total valuation of $2.5 billion.
The Chennai- headquartered Uniphore was founded in 2008 by Umesh sachdev and Ravi saraogi. Unifore company is spread in India as well as in USA Singapore,Japan,Spain and Israel.The company thinks to use the fresh funds to improve voice, artificial intelligence (AR), computer vision and total emotion and expend its business operations globally.
Hasura
Hasura was open-sourced in July 2018 and since then tens of thousands of developers have used Hasura to build their data layer for modern applications. Hasura has also seen adoption across Fortune 500 corporations, fast growing startups & product development agencies. They have highlighted some of these users on our case studies page.
Hasura has been downloaded more than 400 million times. Bengaluru-Us headquartered Hasura company was founded in 2017 by Rajoshi Ghosh and Tanmai Gopal.
10 Indian Unicorn Startups in 2022.
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