10 Top Unicorn Startups of India in 2024: See The Complete List!

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In today’s time, a different wave of business and startups is going on in our country, most of the people want to start their own new startup and business.

One of the biggest reasons for this is that it has become very easy to start Startups in India today, and most of the Startup investors are also investing their money in the businesses of our country. This is the reason why today more than 100 Unicorn Startups have been formed in India.

In such a situation, there are many people who want to know about the 10 Top Unicorn Startups of India, that is why in today’s article we will tell you about the Top 10 Unicorn Startups of India, which are the 10 biggest Unicorn Startups of India. So let’s start.

What is Unicorn Startup?

Before proceeding further, let us tell you that a Unicorn Startup is a company whose valuation is more than 1 billion dollars. Today, more than 100 Unicorn Startups have been formed in India.

Also, our country India is the third country in the world in which the maximum number of Unicorn Startups have been created, currently only China and America are ahead of us. But it is being estimated that within the coming years our country will become the second largest Unicorn Startup Hub in the world.

10 Top Unicorn Startups of India

Below we have given information about the 10 largest Unicorn Startups of India.

1. Inmobi

Inmobi company was started in India in the year 2007, it is a Bengaluru based mobile advertising company which helps different mobile companies in their advertising. Naveen Tiwari is the founder and CEO of Inmobi company. Let us tell you that Inmobi company became India’s first Unicorn company.

Apart from this, Inmobi company also started its own subsidiary company named Glance in the year 2019, which became a Unicorn company in the year 2020 itself.

2. Flipkart

You must know about Flipkart company that it is one of the largest online shopping platforms in India, where you can shop for almost everything online. It was started in the year 2007 by Binny Bansal and Sachin Bansal in Bengaluru.

According to reports, the valuation of Flipkart company in the year 2023 will be more than 37 billion dollars, due to which it is one of the largest Unicorn companies in India. Apart from this, let us also tell you that in the year 2018, Flipkart was acquired by Walmart company for 16 billion dollars.

3. Zepto

Leading Indian grocery delivery startup Zepto has revolutionized the local market by promising fast 10-minute grocery delivery. With its network of cloud stores and micro warehouses located in dense urban areas, Zepto competes against established players like Swiggy, Grofers, Dunzo, and BigBasket, providing quick commerce deliveries in under 45 minutes. It was started in the year 2020 by Aadit Palicha and Kaivalya V.

By rapidly expanding its cloud stores and workforce, Zepto focuses on quick, efficient, and reliable service to meet the soaring demand for online grocery shopping, which is projected to reach $5 billion by 2025.

4. OYO Rooms

OYO Rooms is the most used company for online hotel room booking in India, it was started by Ritesh Agarwal in the year 2013. Also, let us tell you that when Ritesh started this, he was only 21 years old.

Today OYO is India’s largest online hotel room booking company. OYO has also invested its money in many properties across the country. Due to which their business is continuing to grow, according to reports, the valuation of this company in the year 2021 was 9 billion dollars.

5. Dream11

If you have knowledge about Fantasy Cricket then you must have heard about Dream 11 at some point or the other. This company is India’s largest Sports Fantasy company which was started in the year 2008 by Bhvait Sheth and Harsh Jain.

Let us tell you that there are millions of users associated with Dream 11, who use Dream 11 to play Fantasy Sports. According to reports, the valuation of this company was 8 billion dollars in the year 2021, due to which it is also a part of India’s largest Unicorn Startups.

6. Physics Wallah

As an exciting educational platform, Physics Wallah has set a goal to help millions of students prepare for exams like JEE and NEET through live and interactive lectures. With experienced teachers and comprehensive study materials, this platform ensures that students grasp complex concepts easily and develop problem-solving skills. It was started in the year 2014 by Alakh Pandey and Prateek Maheshwari.

Their regular tests allow students to track progress and experience a range of exam questions, and with Physicswallah, students learning remotely can access educational resources at their fingertips and excel academically.

7. Ola

You must have used Ola at some point of time to book taxis and rides online, it is one of the largest online taxi ride booking companies in India. Used by millions of people every day, Ola was started in 2010 by Bhavish Aggarwal and Ankit Bhati.

Apart from this, Ola company has also expanded its operations abroad, due to which many people outside India use Ola company. According to reports, by the year 2020, the valuation of this company was more than 6 billion dollars, and that is why this company is also one of the largest Unicorn companies.

8. DealShare

DealShare is at the forefront of digital shopping innovation in India. With a base of over 94 million customers and its operations running in over 94 Indian cities, this social ecommerce company has been revolutionizing online shopping by predominantly focusing on providing affordable online shopping platforms in eight different Indian languages; even now, it’s making headway in opening the digital market to the masses.

From featuring local deals to providing tailored catalogs in vernacular languages, DealShare’s fundamental objective is to make online shopping simple and more accessible. The company also fosters and helps support local small- to medium-sized businesses and is making waves by hiring new talent to further enhance the online shopping experience and enrich the lives of Indians, demonstrating a clear commitment to domestic growth and development.

9. Zoho

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.

Zoho has more than 12,000 employees globally. The bootstrapped unicorn posted a net profit of INR 2,749 Cr in FY22, registering a 43% jump from INR 1,917 Cr in FY21. Recently, Zoho surpassed 100 Mn users across its various business applications.

10. 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.

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