List of 108 Unicorn Startups in India [2023]

India is a country with over 1.3 Billion people and has become home to a number of the world’s hottest startups, some of which are in the billion-dollar club. The Unicorn startup is a term used to describe startups that achieve more than $1 billion in valuation. A number of new unicorns were born in India over the past few years and this article lists the complete list of unicorn startups in India.

What is a Unicorn Startup and Why are They Important?

Unicorn startups are startups that have reached a valuation of over $1 billion. The term was coined in 2013 by venture capitalist Aileen Lee to describe the high-growth tech companies that were emerging at an increasing rate and transforming the business landscape.

The term "unicorn" is used to describe these companies because they are very rare with only very few businesses reaching this milestone. These startups are important because they represent the future of the economy. They represent innovation, hope, and progress.

Indian Unicorn Landscape - How Many Unicorn Startups in India?

India has a strong startup culture and is home to 108 unicorn startups as of now (November 2022). In fact, today, 1 out every 10 unicorns globally have been born here.

India has a very large market to cater to, and this is what makes it so attractive for startups. The Indian startup ecosystem is unique in that it is very collaborative and inclusive. This means that there are many people willing to lend a hand and everyone shares their knowledge. Indian entrepreneurs seem to have an inherent understanding of what it takes to build something sustainable, which makes them great leaders in the business world. They tend to be more humble as well which helps them build trusting relationships with others.

Indian unicorns are also great at solving India-specific problems. For example, Olacabs solved the problem of unreliable taxi services in India by connecting passengers to drivers via a mobile app.

Reasons for the Success of a Top Indian Unicorn Startups- What Makes an Indian Startup Achievable?

A startup is a company that has been in business for less than 10 years. A unicorn is a startup that has reached a valuation of $1 billion or more. A unicorn company can be successful because of the following reasons:

• They have a great team.

• They have an innovative product.

• They have great funding.

• The founders are passionate about the idea and they are committed to making it work.

• The founders are focused on their customers and they listen to what their customers say without being defensive or dismissive.

• The founders are not afraid to pivot if needed, so they can focus on what works instead of what doesn't.

List of Unicorns Startups in India (May - 2023)

1 . BYJU'S

Categories: Edtech, Learning App

2. Swiggy

Categories: Online food ordering and delivery platform

3. OYO Rooms

Categories: Travel, Hospitality

4. Dream11

Categories: Internet, Sports

5. OLA Cabs

Categories: Auto & Transportation

6. RazorPay

Categories: Fintech

7. BigBasket

Categories: E-Commerce - Groceries

8. Ola Electric Mobility

Categories: Auto & Transportation

9. OfBusiness

Categories: Building Materials, FinTech

10. Meesho

Categories: E-commerce

11. CRED

Categories: FinTech

12. ShareChat

Categories: Social Media, Mobile App

13. Digit Insurance

Categories: Insurance, FinTech

14. Unacademy

Categories: EdTech, E-learning

15. Upstox

Categories: Trading Platform,.FinTech

16. Cars24

Categories: Ecommerce, Auto

17. Eruditus Executive Education

Categories: EdTech, Education

18. Udaan

Categories: Supply Chain, Logistics, & Delivery

19. DailyHunt

Categories: Social News, Internet

20. Delhivery

Categories: Supply Chain, Logistics, & Delivery

21. Pine Labs

Categories: Fintech, Payment

22. Groww

Categories: Fintech

23. BharatPe

Categories: Fintech, Payment

24. Lenskart

Categories: Eyewear,

25. Infra Market

Categories: E-commerce, Direct-to-Consumer

26. Zetwerk

Categories: Marketplace, Consumer goods

27. Mobile Premier League

Categories: Gaming, ESports

28. PolicyBazaar

Categories: Fintech, Insurance

29. FirstCry

Categories: E-commerce

30. Urban Company

Categories: Home Services

31. CoinSwitch Kuber

Categories: Fintech, Cryptocurrencies

32. Spinny

Categories: Used Car Marketplace, Automotive

33. DealShare

Categories: Ecommerce, Grocery

34. Cure.Fit

Categories: Health

35. Five Star Business Finance

Categories: Financial Services

36. Rebel Foods

Categories: Ecommerce, Food Delivery

37. Pristyn Care

Categories: Healthtech

38. UpGrad

Categories: EdTech

39. CarDekho

Categories: Automotive, Ecommerce

40. MyGlamm

Categories: Beauty, Personal Care

41. CoinDCX

Categories: FinTech, Cryptocurrency

42. Apna

Categories: Recruiting, Human Resources

43. Acko General Insurance

Categories: Fintech, Insurance

44. GlobalBees

Categories: Investment

45. LEAD School

Categories: EdTech

46. Rivigo

Categories: Logistics

47. Mamaearth

Categories: Ecommerce

48. Grofers

Categories: Grocery, Delivery

49. Snapdeal

Categories: Ecommerce

50. InMobi

Categories: Digital Media, Advertising

51. BlackBuck

Categories: Logistics, Delivery

52. Vedantu

Categories: EdTech

53. Licious

Categories: Ecommerce, Food delivery

54. MobiKwik

Categories: Fintech, Payments

55. Mensa Brands

Categories: Financial services, Venture capital

56. NoBroker

Categories: PropTech, Real State

57. Slice

Categories: FinTech

58. Fractal Analytics

Categories: Analytics, Artificial Intelligence

59. Darwinbox

Categories: SaaS

60. Uniphore Technologies Inc.

Categories: SaaS, Software

61. Xpressbees

Categories: Logistics, Supply Chain Management

62. Livspace

Categories: Interior design, Kitchens & Home Products

63. ElasticRun

Categories: Ecommerce, Logistics

64. Mu Sigma

Categories: IT, Software

65. Billdesk

Categories: FinTech, Payments

66. Mindtickle

Categories: SaaS

67. Polyygon

Categories: Blockchain

68. Flipkart

Categories: Ecommerce

69. PhonePe

Categories: Fintech

70. Zomato

Categories: FoodTech, Online Delivery

71. Freshworks

Categories: SaaS - CRM

72. Moglix

Categories: B2B E-Commerce

73. MakeMyTrip

Categories: Online Travel

74. Nykaa

Categories: E-Commerce - Personal Care & Cosmetics

75. Highradius

Categories: Fintech, AI

76. Droom

Categories: Marketplace - Used cars

77. Verse Innovation

Categories: Internet, social media

78. PharmEasy

Categories: E-Commerce - Online Pharmacy

79. Infra Market

Categories: Construction

80. Innovaccer

Categories: SaaS, Health Care

81. Gupshup

Categories: Messaging platform

82. Chargebee

Categories: SaaS

83. Zeta

Categories: Fintech

84. BrowserStack

Categories: SaaS

85. Paytm

Categories: Fintech

86. Paytm Mall

Categories: E-Commerce

87. Zerodha

Categories: Stockbroker

88. ReNew Power

Categories: Renewable energy

89. Mohalla Tech

Categories: Software

90. Glance Inmobi

Categories: Mobile, Technology

91. Hasura

Categories: SaaS - Programming Tools

92. Zenoti

Categories: CRM, Enterprise software

93. Postman

Categories: Software, Developer Tools

94. CitiusTech

Categories: HealthTech

95. CredAvenue

Categories: Marketplace - Lending

96. Amagi Media Labs

Categories: SaaS

97. CommerceIQ

Categories: Ecommerce management

98. Oxyzo

Categories: Fintech

99. Games 24x7

Categories: Gaming

100. Open

Categories: Neobank

101. PhysicsWallah

Categories: Edtech

102. Purplle

Categories: Ecommerce

103. LeadSquared

Categories: CRM, SaaS

104. OneCard

Categories: Fintech

105. 5ire

Categories: Blockchain

106: Shiprocket

Categories: Logistics

107: Tata 1mg

Categories: HealthTech

108: Molbio Diagnostics

Categories: HealthTech

Wrap up

These are the unicorn startups in India that have more than a $1 billion valuations. With such a high valuation, you can be assured that they are likely to succeed in bringing innovative technologies and business models to the masses. India is a growing economy that has seen many startups like Flipkart, Snapdeal, and Ola rise to international fame. With the initial investment from investors being much smaller than in Silicon Valley, Indian startups have been able to grow at a rapid pace and become profitable companies.

FAQ

What is a Unicorn startup in India?

Unicorn startups in India are startups that have reached a valuation of over $1 billion.

How many unicorns are in the world?

As of May 2023, there are more than 1,400 unicorns around the world.

Which are the top Unicorn Startups in India?

• Flipkart

• BYJU’S

• Nykaa

• Paytm

• OLA Cabs

• Zomato

• Oyo

• Policybazaar