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.
10 Most Popular Profitable Unicorn Startups in India in 2024
Here is the list of the 10 Best Profitable Unicorn Startups in India in 2024
1. 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.
2. 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.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.