List of Decacorn Companies in India 2024

In recent years more and more startups become unicorns, and they are reshaping the venture capital world. This trend when Aileen Lee, one of the famous venture capitalists, introduced the “unicorn” to describe tech startups valued at a valuation of $1B or more in 2013. Since 2013 till now more than 1,200 companies become unicorns. 

However, as more and more startups become unicorns in the venture capital world, these startups are achieving new levels, and becoming super unicorns, for these super unicorns new word was introduced which is decacorn.

Latest List of Unicorn Startups in India.

What Is Decacorn?

Decacorn is a term that is used for a startup whose valuation reaches $10 Bn or more. These companies hold significant market value and are often considered among the most valuable startups in the world.

What Is The Difference Between A Decacorn And A Unicorn?

The primary difference between a decacorn and a unicorn is their valuation. Decacorn has a valuation of more than $10 Bn. On the other side, a Unicorn has a valuation of more than $1 Bn or more but less than $10 Bn.

Know the defination of startup companies like Minicorn, Soonicorn, Unicorn, Decacorn & Hectocorn

Here in this article, we will discuss the decacorn company list

Bytedance

Bytedance is a mobile app developer that is known for its diverse portfolio, they primarily focus on social media and content discovery. Notably, TikTok alone has more than 1 billion monthly active users. Bytedance’s revenue reached approximately 120 billion U.S. dollars in 2023.

• Founded In: 2012
• Headquarters: Beijing, China
• Valuation: US$268 billion
• Investors: General Atlantic, Susquehanna International Group and Sequoia Capital 

SpaceX

SpaceX is a private company that designs and manufactures reusable rockets and spacecraft. It is the only private company that has managed to fly astronauts to the International Space Situation. Their mission is to launch rockets on the Moon and Mars in the future. It was founded by one of the famous tech entrepreneurs Elon Musk.

• Founded In: 2002
• Headquarters: Hawthorne, California
• Valuation: US$180 billion
• Investors: Google, Founders Fund, Bank of America, NASA

Databricks

Databricks provides a unified data analytics platform, leveraging Lakehouse architecture to streamline enterprise data infrastructure. With over more than 10,000 business customers globally.

• Founded In: 2013
• Headquarters: San Francisco, CA
• Valuation: $43 billion
• Investors: Baillie Gifford, ClearBridge Investments, Tiger Global Management, Whale Rock Capital Management.

Xiaohongshu

Xiaohongshu is a global e-commerce platform that is designed for its users to interact, search, and share their experiences with purchased items. Often linked to the Instagram of China, it has more than 200 million monthly users. 

• Founded In: 2013
• Headquarters: Shanghai, China
• Valuation: $20B
• Investors: Temasek, Tencent, Alibaba Group, Tiantu Capital, Genesis Capital, Hillhouse

Revolut

Revolut, is a British fintech company that specializes in app-based banking services. The platform offers features such as real-time exchange rates, direct transfers to bank accounts, cryptocurrency trading, and an expense tracker. Their mission is to expand the cryptocurrency wallet and mortgage sectors.  

• Founded In: 2015
• Headquarters: London, England
• Valuation: $25.7 billion
• Investors: Balderton Capital, Visa, Index Ventures and others

Swiggy

Swiggy is one of the prominent food ordering and delivery platforms that cater especially to the Indian market. It operates similarly to Glovo, Bolt, or Foodpanda, which provide comfortable service in Europe and the United States. Additionally, It provides its services to corporates for personalized gifting to both employees and consumers.

• Founded In: 2014
• Headquarters: Bangalore, Karnataka
• Valuation: $12.7 billion
• Investors: Invesco, Baron Funds, Sumeru Ventures, 360 One, Axis Growth, Sixteenth Street Capital, and others

Flipkart

Flipkart, one of the prominent e-commerce platforms in India, has had a remarkable journey from its beginnings to becoming a decacorn. It was started with a small investment in Bengaluru. Today, Flipkart stands as one of the top brands in India’s e-commerce industry. Its journey to become decacorn shows its vision, adaptability, and commitment to work. 

• Founded In: 2007
• Headquarters: Bangalore, Karnataka
• Valuation: $35 billion 
• Investors: Tiger Global Management, Mayfield, Venture Catalysts, Vivriti Capital

Nykaa

Nykaa is one of the leading beauty and cosmetics e-commerce platforms. The company has experienced a remarkable journey to become a decacorn startup in India. It started as a simple online beauty store, but now it is known for its high-quality product range, including both well-known brands along with n indie beauty products.

• Founded In: 2012
• Headquarters: Mumbai, India
• Valuation:  $13 billion 
• Investors: Michael Carlos, Dalip Pathak, TVS Capital Funds, Atul Nishar, Harsh Mariwala

BYJU’s

BYJU, started as an offline coaching class where they prepare for CAT (Common Admission Test) and other competitive exams. But after a few times, it gained him popularity and started teaching Online. They covered various competitive exams like IIT-JEE, CAT, UPSC, GMAT, GRE, etc. Apart from this they also offer school-based courses for students. 

• Founded In: 2011
• Headquarters: Bengaluru, India
• Valuation: $22 billion 
• Investors: Tiger Global Management, Times Internet, Aarin Capital, IFC, Verlinvest, Sofina, Tencent etc

PhonePe

PhonePe is a Banglore-based Indian digital payment and financial services platform.  Rahul Chari, Sameer Nigam, and Burzin Engineer founded PhonePe in 2015.  It provides a wide range of services for both people as well as businesses helping them in making payment experiences. It was one of the fastest-growing fintech companies.

• Founded In: 2015
• Headquarters: Bengaluru, India
• Valuation: $12 billion 
• Investors: General Atlantic, Ribbit Capital, Tiger Global Management, TVS Capital Funds

Conclusion

There are lots of startups that started from zero today they build their empires, With their dedication, strategy, and good planning they became unicorns and now they are achieving more by becoming decacorn. One thing that is common for most decacorn startups is that they choose scalable technology. And as new technology comes such as AI, blockchain, and IoT, we can see more startups decoaron startups shortly.

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