India has the third largest startup ecosystem in the world, just behind China and the US. The Startup ecosystem of the country is challenging many traditional systems with new-age technologies and removing many pain points. However, solving problems and innovation in a country of 1.3 billion requires a lot of money. In this post, We’ll talk about the Top 10 Profitable Unicorn Startups in India in 2024.
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As per details, only a few unicorns in India have achieved profitability in the last financial year, and the rest are loss-making. So in this article, you will know about the top 10 profitable unicorn startups in India.
Here is the list of the Top 10 Profitable Unicorn Startups in India in 2024
BillDesk
BillDesk is an Indian online payment gateway company based in Mumbai. The company provides its customers with an online payment platform that enables banking and merchant website transactions. It is an independent payment processing company, regulated under the Payment and Settlement Systems Act, 2007, and supervised by the Reserve Bank of India (RBI).
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BillDesk was founded by Indian entrepreneurs M.N. Srinivasu, Ajay Kaushal, and Karthik Ganapathy in 2000. Its headquarter is located in Mumbai. Billdesk is one of the few profitable Fintech companies in India.
Dream11
Dream11 is an Indian fantasy sports platform. Dream11 allows users to play fantasy cricket, hockey, football, kabaddi, handball, basketball, volleyball, rugby, futsal, American football, and baseball.
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It was founded in 2008 by Harsh Jain and Bhavit Sheth. Dream11 becomes the first Indian fantasy sports company to become a unicorn in 2019. In 2021, Dream Sports, the parent company of Dream 11, raised $840 million in a funding round led by Tiger Global, D1 Capital, Falcon Edge, DST Global, and Redbird Capital.
Zerodha
Zerodha is an Indian financial services company (Member of NSE, BSE, MCX) that provides brokerage-free equity investments, retail, institutional broking, currencies, and commodity trading.
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It was founded in 2010 by Nitin Kamath, the company is headquartered in Bangalore and has a presence in nine Indian cities. It is also an official member of NSE’s Advisory Committee for Advanced Trading.
Zoho
Zoho Corporation is an Indian technology company that manufactures computer software and web-based business tools.
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It is known for the online office suite that it provides Zoho Office Suite. The company was founded in 1996 by Sridhar Vembu and Tony Thomas and is headquartered in Chennai, India.
EaseMyTrip
EaseMyTrip is an Indian online travel company. It was founded in 2008 by Nishant Pitti, Rikant Pitti, and Prashant Pitti. Its headquarter is located in New Delhi.
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The company offers hotel bookings, air tickets, holiday packages, bus bookings, and white-label services. It has overseas offices in Singapore, UAE, Maldives, and Thailand.
Gupshup
Gupshup is a leading conversational messaging platform, Powering over 6 billion messages per month according to the company. Thousands of large and small businesses in emerging markets use Gupshup to build conversational experiences across marketing, and sales.
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It is owned and operated by Webru Inc. with its primary operations in India, the United States, Europe, Latin America, Africa, the Middle East, and Southeast Asia. The company was founded by Birud Seth in 2014.
Infra.Market
Infra.Market is a construction solutions company, it is India’s largest multi-product building material brand. It aims to transform the ecosystem by leveraging technology and driving innovation.
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Their product portfolio includes a wide range of building materials as well as lifestyle products that enhance interior spaces. The company was launched in 2016 by Aditya Sharda and Souvik Sengupta.
Shiprocket
Shiprocket is India’s largest tech-enabled logistics and fulfillment platform, which aims to democratize the eCommerce landscape of the country.
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Shiprocket tie-up with multiple courier companies, and e-tailers so that they can easily manage their orders and day-to-day operations from a single platform, customize shipping, tracking, and much more. It was founded in 2012 by Sahil Goyal.
Mamaearth
Mamaearth is a skincare products company, They sell their product through an e-commerce platform. They sell a variety of health and wellness products including baby, beauty, hair, and body products.
The company is headquartered in Gurgaon, Haryana. It was founded by Varun and Ghazal Alagh in 2016.
Nykaa
Nykaa is an Indian e-commerce company that sells beauty, wellness, and fashion products across websites, mobile apps, and 100+ offline stores. Nykaa sells beauty products that are manufactured in India as well as internationally.
The company was founded in 2012 by Falguni Nair and is headquartered in Mumbai. In 2020, it became the first Indian unicorn startup to be led by a woman.
The term ‘unicorn’ has come a long way from a mythical creature to a regular feature in business and finance discussions. Today unicorn companies have gained recognition and carved a niche for themselves in the market. Not every unicorn needs to prove to be a successful startup. The point is that no startup should stop hustling after achieving a milestone.
This was our selection of the Top 10 Profitable Unicorn Startups in India in 2023. We hope this is useful to you. The order of this list is random.
Frequently asked questions (FAQs)
Which are the Top 10 Profitable Unicorn Startups in India in 2024?
BillDesk, Dream11, Zerodha, Zoho, EaseMyTrip, Gupshup, Infra.Market, Shiprocket, Mamaearth, and Nykaa are the Top 10 Profitable Unicorn Startups in India in 2023.
Who is the founder of Nykaa?
Nykaa was founded in 2012 by Falguni Nair and is headquartered in Mumbai.
Who is the founder of Shiprocket?
Shiprocket was founded in 2012 by Sahil Goyal.
