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.
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12 Most Popular Ecommerce Unicorns in India
Here is the list of the Best 12 Ecommerce Unicorns in India
1. 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.
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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
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.
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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
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.
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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
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
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.
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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.
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.
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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
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.
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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
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.
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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
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.
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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
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.
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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
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.
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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
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.
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.
