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 (February - 2023)

1 . BYJU'S

Categories: Edtech, Learning App

2. Swiggy

3. OYO Rooms

4. Dream11

5. OLA Cabs

6. RazorPay

7. BigBasket

8. Ola Electric Mobility

9. OfBusiness

10. Meesho

11. CRED

12. ShareChat

13. Digit Insurance

14. Unacademy

15. Upstox

16. Cars24

17. Eruditus Executive Education

18. Udaan

19. DailyHunt

20. Delhivery

21. Pine Labs

22. Groww

23. BharatPe

24. Lenskart

25. Infra Market

26. Zetwerk

27. Mobile Premier League

28. PolicyBazaar

29. FirstCry

30. Urban Company

31. CoinSwitch Kuber

32. Spinny

33. DealShare

34. Cure.Fit

35. Five Star Business Finance

36. Rebel Foods

37. Pristyn Care

38. UpGrad

39. CarDekho

40. MyGlamm

41. CoinDCX

42. Apna

43. Acko General Insurance

44. GlobalBees

45. LEAD School

46. Rivigo

47. Mamaearth

48. Grofers

49. Snapdeal

50. InMobi

51. BlackBuck

52. Vedantu

53. Licious

54. MobiKwik

55. Mensa Brands

56. NoBroker

57. Slice

58. Fractal Analytics

59. Darwinbox

60. Uniphore Technologies Inc.

61. Xpressbees

62. Livspace

63. ElasticRun

64. Mu Sigma

65. Billdesk

66. Mindtickle

67. Polyygon

68. Flipkart

69. PhonePe

70. Zomato

71. Freshworks

72. Moglix

73. MakeMyTrip

74. Nykaa

75. Highradius

76. Droom

77. Verse Innovation

78. PharmEasy

79. Infra Market

80. Innovaccer

81. Gupshup

82. Chargebee

83. Zeta

84. BrowserStack

85. Paytm

86. Paytm Mall

87. Zerodha

88. ReNew Power

89. Mohalla Tech

90. Glance Inmobi

91. Hasura

92. Zenoti

93. Postman

94. CitiusTech

95. CredAvenue

96. Amagi Media Labs

97. CommerceIQ

98. Oxyzo

99. Games 24x7

100. Open

101. PhysicsWallah

102. Purplle

103. LeadSquared

104. OneCard

105. 5ire

106: Shiprocket

107: Tata 1mg

108: Molbio Diagnostics

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 February 2023, there are more than 1,200 unicorns around the world.

Which are the top Unicorn Startups in India?

• Flipkart

• BYJU’S

• Nykaa

• Paytm

• OLA Cabs

• Zomato

• Oyo

• Policybazaar