Powered by

Home Insight

Top 12 Ecommerce Unicorns in India

By Viestories
New Update
Top 12 Ecommerce Unicorns in India
Top 12 Ecommerce Unicorns in India

As we Know India is one of the growing startups and it is the third largest country in the Unicorn. India has more than 105 unicorns from multiple sectors and if we see which sector has more unicorn then there is multiple sectors and e-commerce is one of them.

Here is the list of Unicorn Startups in India.

E-commerce is one of the growing sectors in India and there is a wide range of e-commerce startups which become unicorns. According to the report, the e-commerce market of India will be a $400 Bn market by 2030. In this article, we will discuss some top e-commerce unicorns in India.

Read also - Best Online Gifting Startups In India 2024

12 Most Popular Ecommerce Unicorns in India

Here is the list of the Best 12 Ecommerce Unicorns in India

1. FirstCry

Top Ecommerce Unicorns in India | FirstCry
Top 12 Ecommerce Unicorns in India | FirstCry

FirstCry is a Pune-based e-commerce platform Founded by Amitava Saha and Supam Maheshwari in 2010. They provide more than two lakh baby and kids products,  right from clothing to school supplies.

It has more than 6,000 brands with various categories such as diapering, toys, clothes, accessories, and more. The company entered the Unicorn club in 2020 by securing  $296 Mn from SoftBank’s Vision Fund. 

Read also - Top 10 Parking Tech Startups in India

Some of its investors are SAIF Partners, IDG Capital, Vertex Ventures, SoftBank Vision Fund, Chiratae Ventures, Chrys Capital, PremjiInvest, Valiant Capital Partners, TPG Capital Asia and more.

2. Good Glamm Group

Top 12 Ecommerce Unicorns in India | Good Glamm Group
Top 12 Ecommerce Unicorns in India | Good Glamm Group

Good Glamm Group is a Pune-based e-commerce marketplace founded by Darpan Sanghvi in 2017 where they offer cruelty-free and vegan beauty products in personal care, skin, and cosmetic categories. The Platform wants to build a strong network of women consumers. In 2021, the platform entered the unicorn. 

Read also - Top 10 Car Rental Startups in India

When they secured $150 Mn in its Series D funding round from multiple investors such as Prosus Ventures, Warburg Pincus, Alteria Capital, L’Occitane, Bessemer Ventures, and Amazon at a valuation of $1 Bn. The Platform is backed by Ascent Capital, Shraddha Kapoor, Stride Ventures, Trifecta Capital Advisors, Warburg Pincus, and others.

3. Lenskart

Top 12 Ecommerce Unicorns in India | Lenskart
Top 12 Ecommerce Unicorns in India | Lenskart

Lenskart is an Indian optical e-commerce platform Founded by Peyush Bansal, Amit Chaudhury, and Sumeet Kapathi. It is an eyewear brand. The Platform uses an omnichannel strategy where they sell products via mobile-based apps and retail stores.

Read also - Top 10 Profitable Unicorn Startups in India

In 2020, Lenskart entered the Unicorn club by securing $231 Mn in its Series G funding round. Some of its investors are SoftBank Vision Fund II, Lightbulb Ltd, Chiratae Ventures, TPG, Premji Invest, Falcon Edge Capital, Kedaara Capital, Kohlberg Kravis Roberts, and others.

4. Nykaa

Top 12 Ecommerce Unicorns in India | Nykaa
Top 12 Ecommerce Unicorns in India | Nykaa

Nykaa is a Mumbai-based e-commerce platform founded by Falguni Nayar in 2012 where they offer beauty and wellness products. It directly sold products from brands. In 2020, the platform entered the Unicorn club by securing  $13.6 Mn from Steadview Capital.

It is backed by multiple investors such as  Sunil Kant Munjal, Lighthouse Funds, Steadview Capital, Sunil Munjal, Sharp Ventures, and TPG Growth.

5. Moglix

Top 12 Ecommerce Unicorns in India | Moglix
Top 12 Ecommerce Unicorns in India | Moglix

Moglix is a Delhi-based B2B commerce company founded by Rahul Garg in 2015. Where they offer a wide range of industrial products such as power tools, hand tools, and electrical products. It also buys and supplies safety tools, hardware supplies, and other related products. In 2021, the platform entered the unicorn club by securing $120 Mn.

Read also - Top 20 Agritech Startups in India | Indian Agritech Startups

It is backed by multiple investors such as Tiger Global, Sequoia Capital India, International Finance Corporation, Ratan Tata, Flipkart’s CEO Kalyan Krishnamurthy, and others.

6. DealShare

Top 12 Ecommerce Unicorns in India | DealShare
Top 12 Ecommerce Unicorns in India | DealShare

Dealshare is a Bengaluru-based e-commerce Startup founded by Sourjyendu Medda, Sankar Bora, Vineet Rao, and Rajat Shikhar in 2018. It is an online buying platform for multi-category consumer products.

Read also – Top 20 Best EdTech Startups in India to watch | Indian Edtech Startups

The platform sells household products via social media and online. The Platform has secured  $129 Mn in its Series E round and becomes Unicorn. Some of its investors are Omidyar Network, InnoVen Capital, Alteria Capital, Tiger Global, and Alpha Wave Incubation, alongside new investors Kora Investment, and DF International Partners.

7. Flipkart

Top 12 Ecommerce Unicorns in India | Flipkart
Top 12 Ecommerce Unicorns in India | Flipkart

Flipkart is a Bengaluru-based E-commerce platform founded by Sachin Bansal and Binny Bansal in 2007. It Started as a book-selling platform but later it sold every type of product such as lifestyle products, home essentials, fashion, electronics, and more.

Read also - Top 10 Information Technology (IT) Startups in India

The platform became Unicorn in 2012 and became the first e-commerce unicorn Startup. It is backed by multiple investors such as SoftBank Vision Fund, Steadview Capital, Tencent, Axis Bank, Canada Pension Plan Investment Board, and more.

8. Infra.Market

Top 12 Ecommerce Unicorns in India | Infra.Market
Top 12 Ecommerce Unicorns in India | Infra.Market

Infra.Market is a Mumbai-based construction marketplace founded by  Aaditya Sharda and Souvik Sengupta in 2016. It provides construction materials and lifestyle products to institutional customers and retail outlets. Some of its products are mixed concrete, fly ash, construction chemicals, aggregate, cement, and more.

Read also – Top 20 Free Reseller Apps in India To Choose For Selling Or Shopping

In 2021, the platform became unicorn after raising $100 Mn in its Series C funding round. It is backed by multiple investors such as InnoVen Capital, Nexus Venture Partners, Tiger Global Management, Nexus Venture Partners, Evolvence India Fund, and more.

9. Droom

Top 12 Ecommerce Unicorns in India | Droom
Top 12 Ecommerce Unicorns in India | Droom

Droom is a Gurugram-based online platform founded by Sandeep Agarwal in 2014 where users can buy and sell used and new automobiles in India Singapore, Thailand, Malaysia, and other countries. It is one of the biggest marketplaces in India.

Read also – Top 10 Best Crowdfunding Platforms in India | Indian Crowdfunding Sites

In 2021, the platform entered the Unicorn club at a valuation of $ 1.2 Bn. it is backed by multiple investors such as Seven Train Ventures, Integrated Asset Management, Joe Hirao, Lightbox, Digital Garage, and others.

10. Mamaearth

Top 12 Ecommerce Unicorns in India | Mamaearth
Top 12 Ecommerce Unicorns in India | Mamaearth

Mamaearth is a Delhi-based online marketplace founded by Ghazal Alagh and Varun Alagh in 2016 they offer hair, skin, and body products. According to the company, their product is FDA-approved and dermatologically tested.

Read also – Top Startups Funded by Reliance Through JioGenNext

In 2021 it entered the unicorn club by securing $38 Mn from Sequoia Capital at a  valuation of $1.07 Bn. it has multiple investors such as Shilpa Shetty, Stellaris Venture Partners, Sequoia Capital India, and Fireside Ventures.

11. OfBusiness

Top 12 Ecommerce Unicorns in India | OfBusiness
Top 12 Ecommerce Unicorns in India | OfBusiness

OfBusiness is a Gurugram-based B2B e-commerce marketplace founded by  Bhuvan Gupta, Vasant Sridhar, Asish Mohapatra, Ruchi Kalra, and Nitin Jain in 2016 where they help small and medium-sized enterprises (SMEs) procure raw materials and credit in manufacturing and infrastructure industry.

Read also - Top 10 Best Corporate Gifting Companies in India

In 2021, the platform secured $160 Mn and entered the Unicorn club. It is backed by multiple investors such as  Kotak Mahindra Bank, Matrix Partners India, Norwest Venture Partners, SoftBank Vision Fund-II, Falcon Edge, Matrix Partners, and others.

12. Purplle

Top 12 Ecommerce Unicorns in India | Purplle
Top 12 Ecommerce Unicorns in India | Purplle

Purplle is an e-commerce marketplace founded by Manish Taneja and Rahul Dash in 2012 Where they provide Beauty and wellness products. It offers multiple brands such as  Lakme, Plum, mCaffeine, Maybelline, and SUGAR Cosmetics.

The Platform became unicorn after securing $33 Mn. It is backed by multiple investors such as  IvyCap Ventures, Blume Ventures, Paramak Ventures, Premji Invest, IvyCap Ventures, and others.

Conclusion

The e-commerce company in India is one of the vibrant sectors, they changed the style of shopping to the Indian people but on the other hand, they also faced some challenges in small cities and with their competitors. But after some time it is doing amazing and today there is lots of e-commerce company that become successful. so, we can say that the future of e-commerce is bright in India.

This was our selection of the Top 12 Ecommerce Unicorns in India. We hope this is useful to you. The order of this list is random.

Frequently Asked Questions (FAQs)

What is an E-commerce Website?
An E-commerce website is a platform where users can buy and sell products. it deals in B2B and B2C both.
Who is the founder of Dealshare?
It was founded by Sourjyendu Medda, Sankar Bora, Vineet Rao, and Rajat Shikhar.
Which are the top Ecommerce Unicorns in India
FirstCry, Flipkart, Dealshare, Nykka, Mamaearth, Ofbusiness, Infra.Market, Purplle, and Droom are the Top 12 Ecommerce Unicorns in India.
Read the Next Article

Top 14 Indian Paint Brands in 2024

The paint sector in India has undergone remarkable expansion and evolution, making a substantial impact on the country's infrastructure advancement, interior design preferences, and overall visual allure. Undoubtedly, the leading paint brands in the nation have been pivotal in this achievement. With the domestic paint industry carrying a valuation of Rs. 50,000 crores, it's noteworthy that decorative paints encompass a significant 75% share of this market.

By Viestories
New Update

Top 14 Indian Paint Brands in 2024

India's infrastructure sector is expanding rapidly. With new buildings being constructed rapidly. However, no infrastructures is incomplete without proper paint. Paint not only enhances the aesthetic appeal of a building but also provides visual satisfaction.

The Indian paint industry is valued at approximately 50,000 crore rupees and is considered one of the fastest-growing industries in Asia. It provides a wide range of  products such as distemper, oil paint, acrylic paint, plastic paint, latex paint, emulsions, and more. In India there are lots of paint industries. In this article we will see some of the best paint companies in india.

Read also - Top 10 Best Organic Food Startups in India

14 Best Indian Paint Brands in 2024

Here is the list of the top Indian paint brands:

1. Asian Paints

Founded in 1942, Asian Paints stands as India's foremost paint enterprise and ranks as Asia's third-largest in the industry.
Top 10 Indian Paint Brands | Asian Paints

In India's paint industry, Asian Paints is the biggest company in the country and the third-largest in Asia. It was Founded in 1942 by four friends - Chimanlal Choksi, Champaklal Choksi, Suryakant Dani, and Arvind Vakil. Its headquarters is situated in Mumbai, India.

Read also - Top 10 Indian Insurtech Startups to Watch | Insurtech Startups In India

It is one of the top leading companies in paint brands with a revenue of Rs.34,488 crores, it is the top paint company in India. It specialises in producing a wide range of paints, for both decorative and industrial purposes. Additionally, as the parent company of Berger International, its has extended its presence globally.

Their services are available in more than 19 countries, Asian Paints has made remarkable progress in revolutionising the paint industry and is widely regarded as the best paint brand in India. Committed to excellence, the company has founded the Asian Paint Colour Academy, which provides comprehensive training programs for paint applicators, ensuring their skills align with the company's high standards.

What distinguishes Asian Paints is its dedication to innovation and customer-focused solutions. By launching creative Initiatives such as Colour Worlds, Home Solutions, ColourNext, and Kid's World, the company seeks to transform homes and spaces worldwide, providing customers with unique and immersive experiences.

2. Indigo Paints

Founded in 2000, Indigo Paints had a modest inception. Exterior Emulsions, Interior Emulsions, Distempers, and Primers are the products of the company.
Top 10 Indian Paint Brands | Indigo Paints

Indigo Paints  was founded in 2000. In the starting days they produce low-cost cement paints. Over time, it expanded its product range to include various types of water-based paints, like Exterior Emulsions, Interior Emulsions, Distempers, Primers, and more.

Read also - Top 10 Freelancing Websites For Freshers in India

Indigo Paints was established in March  2000 and now it is in the top ten paint companies. Headquartered in Pune, the company provides a wide range of products including Interior emulsions, exterior emulsions, enamels, putties, primers, and more.

Currently, indigo Paints is regarded as one of the strongest competitors in the Indian paint market. It has built a reputation as an inventive paint manufacturer, consistently introducing new and unique products not before available in the country.

3. Kansai Nerolac Paints

Kansai Nerolac Paints, the premier paint brand in India, was founded in 1920 and operates from Mumbai, Maharashtra.
Top 10 Indian Paint Brands | Kansai Nerolac Paints

Mumbai-based Kansai Nerolac Paint Ltd founded  in 1920. The company provides a range of products such as Decorative paints, coatings, industrial (re)finishing products, basic and industrial chemicals, and many more. It creates and supplies paint systems for various sectors including cycle, material handling, bus bodies, electrical components, containers, and finishing lines.

Read also - Top 10 Indian IoT Startups | IoT startups in India

In 1986, GNPL signed a TAA in Osaka with Kansai Paints Co. Ltd. of Japan to produce Cathodic Electrodeposition Primer and other advanced coatings for automotive products. GNPL was the first company in India to adopt this technology.

4. Dulux Paints

Dulux stands as India's foremost paint brand, recognized for its pioneering presence since its establishment in 1931.
Top 10 Indian Paint Brands | Dulux Paints

Dulux stands as India's foremost paint brand, recognized for its pioneering presence since its establishment in 1931. With a global reputation, the brand has been associated with esteemed entities like Imperial Chemical Industries and DuPont since its inception.

Read also - Top 10 Indian Gaming Startups | Gaming Companies in India

Headquartered in Gurugram, the company efficiently manages a network of 75 warehouses. Dulux enjoys extensive distribution, particularly within the realm of decorative coatings, solidifying its position as a leading choice for wall paint solutions.

5. British Paints

British Paints stands out as one of India's prominent paint manufacturers and the largest companies in the field.
Top 10 Indian Paint Brands | British Paints

British Paints stands out as one of India's prominent paint manufacturers and the largest companies in the field. With a commitment to delivering tailored painting solutions, the company is dedicated to achieving the utmost customer contentment. Making its foray into the Indian market in 1947, British Paints swiftly ascended to a position of prominence as a top provider of marine, industrial, and architectural coatings.

Read also - Top 10 Venture Capital Firms in Indian Startup Ecosystem

Renowned for its cost-effective approach, British Paints offers an array of industrial and decorative products, solidifying its status as one of India's premier paint brands.

6. Berger Paint

Berger Paints - Founded in Kolkata, this Indian company boasts a widespread presence with 16 manufacturing facilities strategically situated across the nation.
Top 10 Indian Paint Brands | Berger Paint

Kolkata-based Berger Paints India, is one of the top paint companies in India, recognized as a leading paint brand in India.The company operates an extensive network of 16 manufacturing plants across India, along with two in Nepal, one in Poland, and in Russia.

Read also -  Top Inspiring Female Leaders in Indian Startup Ecosystem

Each quarter, Berger Paints is among the fastest-growing companies in the industry. Its product range includes Exterior Wall Coatings, Interior Wall Coatings, Berger Metal & Wood Paints, Undercoats, Express Painting, and Construction Chemicals.

Berger Paints India Limited is the second-largest paint company in the country, known for its rapid growth and high quality and providing the best paints in India. It employs over 3450 employees and has a nationwide distribution network of more than 25,000 dealers. The company ranks second among India's top 10 paint companies by turnover.

7. Jenson & Nicholson Paints

Gurgaon-based Jenson & Nicholson Paints is another one of the young paint companies in India.
Top 10 Indian Paint Brands | Jenson & Nicholson Paints

Gurgaon-based Jenson & Nicholson Paints is another one of the young paint companies in India. But It has established a significant presence in the Indian market. It operates as a joint venture, focusing on industrial paints and decorative paints as its primary offerings.

Read also - Ad Tech Companies in India

What sets this company apart is its commitment to eco-friendly products and their effectiveness against germs. This distinct approach has quickly endeared the brand to the Indian populace, making it a favored choice in the paint market. The company was founded by John Jenson & V. Nageswara Rao. 

8. Grauer & Weil India

Grauer and Weil India Ltd stands as one of the prominent paint enterprises in India.
Top 10 Indian Paint Brands | Grauer and Weil India

Grauer and Weil India Ltd stands as one of the prominent paint enterprises in India. Beyond its operations within the country, the company has extended its reach to multiple other nations. Despite adopting a modest advertising approach, the company has managed to cultivate a strong reputation within the Indian market.

Its products have garnered reviews and ratings resulting in an overall score of 3.8 out of 5, showcasing a commendable standing in comparison to its rivals. The enterprise was established in Kolkata by Ramanlal Shah & Dipesh Mehta.

9. Akzo Nobel India Ltd

Akzo Nobel India Ltd holds the distinction of being the global leader in paint and coating manufacturing.
Top 10 Indian Paint Brands | Akzo Nobel India Ltd

AkzoNobel, is a well known paint and coatings firm, has been active in India for nearly 60 years. As one of the leading paint companies in the country, it has built a strong presence across India, their services are available in 5 different areas.

Read also - Top 10 Best HealthTech Startups in India

AkzoNobel NV acquired Imperial Chemical  Industries Ltd., the holding company of ICI India Limited, through a scheme of arrangement under section 425 of the UK Companies Act 1985. It was renamed as the AkzoNobel India Limited, further establishing its position as a leading provider of high-quality coatings in the country.

In 2012, three more AkzoNobel Group companies operating in India were merged under the AkzoNobel India Limited, making it the country's only integrated Paints and Coatings company with a small Chemicals portfolio.

In addition to paints and coatings, AkzoNobel is engaged in various industries, including automotive, aerospace, marine, and industrial coatings. Their advanced technologies and expertise have made them a trusted partner for businesses looking for high quality protection, performance, and aesthetics.

10. Sirca Paints India Ltd

Founded by  Sanjay Agarwal, Sirca Paints stands as a significant player in the realm of paint and coating manufacturing.
Top 10 Indian Paint Brands | Sirca Paints India Ltd

Founded by  Sanjay Agarwal, Sirca Paints stands as a significant player in the realm of paint and coating manufacturing. Despite its youthfulness, the company has managed to secure a prominent position among India's top 15 paint brands. Initially known by a different name, it was later rebranded.

Read also - Top 10 Best FoodTech Startups in India

Originally incorporated as Sircolor Wood Coatings Private Limited, the company's offerings were well-received by customers, being regarded as products offering good value. However, Sirca's presence in the paint sector of the nation is often overlooked, remaining an underrated entity.

11. Nippon Paints

Nippon Paint Brand

Nippon Paint India Pvt Ltd is a leading paint and product manufacturer based in India. Globally, It ranks as the seventh-largest paint maker. The company was originally founded in 1881 by Jujiro Moteki and Komyosha. Established in India in 2006, Nippon Paint has quickly grown into a major player, recognised for its dedication to providing superior high-quality paint products across a diverse range of segments.

Nippon paint makes high-quality paints and coatings for the automotive, industrial, and decorative sectors. Their environmentally friendly products include Marine coatings, automotive coatings, industrial coatings, and fine chemicals.

A key feature of Nippon Paint's strategy is its focus on sustainability. The company prioritises eco-friendly solutions, integrating sustainable practices into both its manufacturing processes and product lines. Nippon Paint is proud to produce environmentally responsible paints that reduce environmental impact while delivering outstanding performance.

12. Shalimar Paints

Shalimar Paint Brand

Shalimar Paints Ltd has one of the top paint companies in India. Headquartered in Gurgaon, it was established in 1902 by AC Turner and AC Wright. Shalimar Paints specialises in manufacturing and distributing an exceptional range of industrial coatings and decorative paints, catering to a wide range of customers across India.

Through its dedication to innovation and quality, Shalimar pants has maintained its position as a trusted name in the industry, earning a well-deserved reputation as one of the best paint brands in India. The company consistently provides customers with the best of both worlds: high quality products and exceptional service.

Shalimar Paints Ltd has played a key role in painting many of India's iconic structures, including Rashtrapati Bhavan, Howrah Bridge, Vidyasagar Setu, and Salt Lake Stadium.

In 1992, Shalimar Paints established its second manufacturing facility in Nashik, Maharashtra, to serve the Western region as it expanded its presence across India. In 2002, the company further expanded by opening its third  manufacturing plant in Sikandrabad, Uttar Pradesh.

13. Snowcem Paints Limited

Snowcem Paint Brand in India

Snowcem paints limited ranks 10th among India's top paint companies. It was founded  in 1959 by Mr. George Lillington in Mumbai. The company specialises in manufactures interior and exterior emulsions, primers, cement paints, wall putty, more. As one of the biggest cement paint producers in India, Snowcem operates four manufacturing units across the country, generating approximately $6 million. 

14. Sheenlac Paints

publive-image

Sheenlac paints ranks 9th position among India's top paint companies. It was founded in 1962 by Mr. John Peter.  It is known for its innovation, Sheenlac was the first company to introduce sanding sealer and non-alcoholic wood Polish. It operates 4 manufacturing units in the country. They  deal in various types of products such as interior & exterior wood coatings, interior and exterior wall paints, floor coatings paints, automotive coatings, more.

Conclusion

They all are the best paint companies in India, renowned for their diverse selection catering to various sectors. Whether it's intended for household applications, decorative purposes, industrial requirements, or automotive projects, these are the esteemed names in the industry that provide paints of exceptional quality. Choose among these well-established brands, which are highly regarded and widely sought after. Explore the top choices conveniently accessible through online platforms.

This was our selection of the Top 14 Indian Paint Brands. We hope this is useful to you. The order of this list is random.

Read also - Top Drone Startups in India | Indian Dronetech Startups

Frequently asked questions (FAQs)

What are the Top 10 Indian Paint Brands In 2024?
Asian Paints, Indigo Paints, Kansai Nerolac Paints, Dulux Paints, British Paints, Berger Paint, Jenson & Nicholson Paints, Grauer, Weil India, Akzo Nobel India Ltd, Sirca Paints India Ltd. are the Top 10 Indian Paint Brands In 2024.
Which paint brand stands at the No. 1 position in India?
Asian Paints stands at no.1 position in India.
What is the revenue of the paint industry in the Indian market?
Currently, the revenue of the paint industry is around Rs 62,000 crore in the Indian market, as per reported by .