Soonicorn Startups in India 2024

Soonicorn means those startups that are going to become Unicorns. They estimate the business’s value based on future industry market projections and the company’s current worth. This creates an advantageous scenario for startups to join these Soonicorn groups. Soonicorn’s valuation is less than $1 billion. 

What is a soonicorn ?

Startups have growth potential and the chance to join a unicorn club is known as Soonicorn. Soonicorn startup is mainly funded by an Angel Investor or a venture capitalist. These investors base their valuations on future market forecasts and firm performance, so they come up with a valuation for the business, and it always exceeds the actual value of the startups. Big organisations sometimes acquire these startups, further inflating their value. This environment helps startups become unicorns and get closer to a $ 1 billion asset valuation.

Soonicorn Companies in India 2024

Here is the List of Soonicorn Statups in India. Having potential to wear the crown of the country’s next unicorns.

1. Pure

The company manufactures electric two-wheelers, including a range of electric scooters and electric bicycles. Their product lineup features various models such as Epluto7G, Etrance neo, Etrance, Egnite & Etron+. They also offer features of anti-theft smart locks and alloy wheels, LCDs, and dual suspensions. The bicycles are designed for all-terrain use and include front telescopic suspensions, and hybrid electric bicycles are fitted with front and rear disc brakes. Additionally, the company provides Li-ion batteries for various purposes.

2. Escrowpay

Gurgaon-based Escrowpay is one of the best soonicorn companies in India, it provides payment solutions for buyers and sellers. It is a cloud-based digital payments platform where they help individuals and businesses to securely conduct transaction payment. It releases funds to the seller only after the buyer confirms the receipt of goods or services. Key features include KYC, digital contracts, and capabilities for receiving and sending money. Apart from this company offers solutions to individuals, SMEs, banks, financial institutions, and more, addressing needs in property transactions, rentals, professional services, gaming, and other areas.

3. The Souled Store

Soonicorn company  The Souled Store is a Mumbai-based startup, it is an Online platform for licensed merchandise, providing a wide range of multi-category products. The product catalogue features items such as tees, backpacks, coasters, tote bags, stationery, and many more. Apart from this customers can purchase products like superheroes, television, shows, pop culture, music, sports, and many more. 

4. Leverage Edu

Leverage Edu is one of the upcoming unicorn startups, they provide an AI-enabled marketplace tool designed to help students match with universities. This study abroad platform provides comprehensive services including the IELTS prep app, student counselling, and tools for finding universities and courses for students planning to study abroad. It also provides articles on various topics such as study abroad, global careers, and trending courses.

5. Recykal

Hyderabad-based Recykal is an online platform, where they provide marketplace solutions for waste. The company offers solutions where they help sellers & buyers of waste to transact, facilitating the buying or selling of recyclable materials. Additionally, It offers solutions including EPR, and end-to-end services for waste management centres, among other waste management solutions.

6. Purple Style Labs

An Omnichannel eCommerce fashion platform that sells a wide range of products apparel, handbags, footwear, jewellery, headwear, watches, shawls, hair accessories, belts, scarves, wraps, and other fashion items. It provides luxury designer ethnic clothing for both  Indian and international customers, with options like lehengas, sarees, skirts, and dresses.

7. Battery Smart

Gurugram-based Battery Smart is a soonicorn startup, where they developed a battery-swapping station network for electric vehicles. The platform offers Li-ion batteries on a pay-per-use basis for the drivers of three-wheeled electric rickshaws and two-wheelers. Users can find charging stations using a mobile app, and partners can manage the operation of these stations through the same application.

8. JoulesToWatts

Bengaluru-based JoulesToWatts is a startup, where they provide staffing, business consulting, and IT suite services for corporates. It is one of the next unicorn startups in India. It provides software and technology services for billing, loyalty programs, and managing network and infrastructure.  

9. Credgenics

Credgenics is a Noida-based AI and cloud-based debt collection platform that uses AI to predict recovery and auto-generate payment requests. It helps users to send automated emails, text messages, and voice messages to borrowers. They offer various features such as digital payment acceptance, communication solutions, automated digital debt collections, and analytics. Apart from this it also offers outbound calls, legal workflow management, performance management, and many more. It is one of the upcoming unicorn startups in India.

10. Atomberg

Mumbai -base Atomberg  is an Internet-first brand which specialise in smart fans. They offer multiple types of products such as exhaust fans,  ceiling fans, pedestal fans, wall fans, mixer grinders, smart locks, and other home appliances. Their fans are equipped with  intelligent sensors, remote control capabilities, and programmable timers.

Conclusion – Soonicorn Company

As we know soonicorn companies are those promising companies that will become unicorns soon. Soonicorn has strong market potential, good financial support, strong leadership, innovative products or services, and most importantly good customer bae. While becoming a unicorn is not an easy task, there are lots of soonicorn who fail to become unicorns. so, it is important to track their growth.

Faqs – Soonicorn Company