10 Best Unicorn Startups produced in India 2021

       2021 is a great year for India because of more than 35+ start-up companies become unicorns till now. So basically i am here with an article 10 Best Unicorn Startups in India 2021. Here we will discuss about start-ups, unicorns and 10 Indian startup unicorns in 2021. So let's get started.

    When we talk about "Start-up Unicorn" it was addition of two different words Unicorn and Start-up. Both have their own meaning and history. So let's discuss them.

10 Best Unicorn Startups produced in India 2021
10 Best Unicorn Startups produced in India 2021


Start-up :

          Start-up is a company which is basically started by entrepreneurs. Generally entrepreneurs find the need of the market and then try to fill the requirement they start their own start-ups which have huge growth opportunity. Start-ups refers to turn your new ideas in to a business. Beginning part of a start-up is a rollar coaster and full of uncertainty but who are able to survive those phases they get huge success. Some of them become unicorns and set a example for others.

          Indian Government also try to make an ecosystem for start-ups by published a scheme called Start-up india. Through this Indian government try to support new start-ups and their idea. Inbetween 2016 to 2020 more than 40,000 start-ups registered by DPIIT. Which provide more than 4.7 lacs jobs to peoples. Basically the ecosystem created by indian government was more helpful to new start-ups to enter the market and become a part of the ecosystem. Number of registered start-ups increases day by day which is a positive sign for India. When a start-ups begin it's create job opportunity for others also. Start-ups like Zomato, Meesho, Paytm, Ola etc helping to solve the problems and also provide lots of jobs to Indian youth.


Unicorn :

          When a private limited start-up company valuation cross $1 Billion then the company known as unicorn. It's a term used to define unicorn start-up. India showing record breaking growth in producing unicorn start-ups. Total of 39 start-ups became unicorn in December,2021. It's 40% of the total start-up unicorns. While total of 78 start-up unicorns india produced till now where 38 start-ups became unicorn in 2021. It's showing the growth of indian start-up ecosystem. Which is definitely a good sign for India.


>> 10 Best Business ideas for women

>> 8 Best business ideas for villages and Small towns in India

10 Best Unicorn Startups in India 2021 :

10 Best Unicorn Startups produced in India 2021
Unicorn start-ups 


1. Meesho :

          Meesho is an Indian social ecommerce company founded in December 2015. It's originated from Bangalore. It's founder Vidit Aatrey and Sanjeev Barnwal both graduates from IIT delhi. Basically it's a platform where any kind of small business easily start their online store and sell their products. And the products listed on the stores are easily buyable. There is a program available through which anyone can resell the products once registered as reseller. Which was a great move from the founders. Basically this the main reson behind it's success.

         Meesho became unicorn in the Month of April, 2021. Meesho joined unicorn club after total fund raising of $300 million in April, 2021. Total 6 investors led by soft bank vision fund were invested in Meesho during the fund raising. After that it surpass the total valuation of $1 billion and became a start-up unicorn.


2. BharatPe :

         BharatPe is a start-up company started in Delhi. It's basically a fintech company which was trying to help small merchants by providing them BharatPe QR to accept upi payments from their customers. It was founded in 2018 by Ashneer Grover. Till March, 2021 it has expanded it's network more than 100 cities including tier 2 and tier 3 cities.

In the month of August, 2021 BharatPe surpassed the valuation of $1 billion. They raised $370 million fund led by Tiger Global Management. It's also 19th unicorn in 2021.


3. upGrad :

           This is an online education based company founded in 2015 by Ronnie Screwvala, Mayank Kumar, Phalgun Kompalli, and Ravijot Chugh. It's basically a Mumbai based start-up which provides courses through their platform. UpGrad has tied up with best institutes and provide professional courses for better job opportunity. It's became unicorn in the month of August, 2021 and it is the third Edtech start-up unicorn in India.


4. CRED :

         It's a Bangalore based fintech company founded in 2018 by Kunal Shah. Generally it's gives you reward whenever you done credit card payments by using Cred.You will get cred coins whenever you pay through this app. Then you can redeem the cred coins as cash or can use online buy. It surpass the valuation in the month of April, 2021.


5. Five Star Business Finance :

          Five Star Business Finance is a chennai based registered non banking finance company. It was founded in 1984 by V K Ranganathan. Basically it's provide loans for businesses and personal. In March, 2021 it has raised $234 million from global and indian investment firm. After that it's valuation surpass the mark $1.4 billion (unicorn).


6. Sharechat :

           Sharechat is a social media app developed by Mohalla Tech Pvt Ltd in 8th January, 2015. It's also a Bangalore based company. Using this social media app you are enable to message privately, tagging, personal messaging. You can also share videos, jokes, songs etc. With having more than 200 million+ active users it's also available in 15 Indian languages. It's entered in unicorn club in the month of April, 2021. After the fund raising of $502 million the total valuation of the sharechat cross the mark $2.1 billion.


>> What is share market? Basics of share market

>> 4 Steps to picking profitable shares


7. Pharmeasy :

               Pharmeasy is a company founded in 2015. Mikhil Innani, Dharmil Sheth and Dhaval Shah are the founders of the Pharmeasy. It is a healthcare based online platform. Basically its provide Medicine Supply, Diagnostic, Healthcare Products online. After they raised $323 million as part of its Series E round from Prosus Ventures (formerly Naspers Ventures) and TPG Growth. Existing investors Temasek, CDPQ, LGT Lightrock, Eight Roads and Think Investments have also participated in the round it's total valuation became $1.5 billion.


8. Vedantu :

          Vedantu is an online education platform was started in 2011. It's a Bangalore based startup company. Basically Vedantu try to provide best education platform online for Indian primary, secondary and high school curriculum, along with preparation courses for various Indian Entrance Examinations and Olympiads including JEE, NEET, NDA, NTSE and KVPY. This company founded by IIT-Alumni Vamsi Krishna (Co-Founder & CEO), Pulkit Jain (Co-Founder & Head of Product), Saurabh Saxena (Co-Founder) and Anand Prakash (Co-Founder & Head of Academic). After raised $100 million in a series-E round that valued it at over $1 billion which was known as unicorn.


9. Upstox :

             Upstox is a New delhi based stock broking company started in 2010. Upstox was founded by Ravi Kumar and Shrini Viswanath. Basically upstox makes easy to invest in stock market. Easy to use interface makes easy for Beginners. They offer online investments in stocks, derivatives, commodities, currencies, mutual funds and ETFs for both professional traders and investors. In the November month 2021 upstox becomes unicorn after the fun raised from Tiger Global.


10. CoinSwitch Kuber :

           CoinSwitch kuber was started in june, 2017. Basically it is a crypto currency exchange platform. People can easily buy or sell 100+ crypto currencies using this platform. It was founded by Asish Singhal, Govind Soni, Vimal Sagar Tiwari. It's also a Bangalore based company. It's became 2nd indian crypto unicorn in the month October, 2021. After Series C funding round worth over $260 million led by US venture capital firm a16z (Andreesen Horowitz) and Coinbase Ventures it's became unicorn (over $1 billion ).

           Indian produced more than 35 unicorn start-ups till November, 2021 out of 75 unicorn. Which means the ecosystem is good and start-ups growing in the ecosystem very well. It's a great growth in number of unicorn start-ups in India. Which will definitely grow indian economy and startup culture.


Conclusion

        The growth of start-up unicorn are insane. It's definitely gonna grow more faster. More than 35 start-up unicorns are in a year will boost Indian economy as well as provide lots of jobs. The Indian government support also makes it more easy to start a start-up. But there are lots of start-up unicorns are belongs to Bangalore or Delhi. So wish to see more cities to participate and start start-ups which will definitely boost indian economy.










Post a Comment

0 Comments