India is now the fastest-growing startup ecosystem, with 99 Unicorn Startups in 2022. In today’s world, unicorn-related startups aren’t so common anymore but establishing a unicorn-like startup isn’t straightforward. It requires a lot of effort, dedication, and determination through the process of building a startup to reach the top of the mountain of unicorns, and those who have been able to claim the status of unicorns are covered within this piece.
Unicorn Startup comprises two words “Unicorn” and “Startup”. Unicorn refers to an industry term used to describe a company with an estimated value of more than $1 billion. The term was invented by venture capitalist and seed investor Aileen Lee. However, Startups are privately-owned companies that are typically in the very beginning stages of development. In this regard, you should know in-depth – What is a Unicorn Startup and How to create one.
The nation has been classified as the 3rd most popular country to host unicorn companies in 2021. The country has an additional 33 Indian startup companies joining the unicorn group and a total of 33 unicorns, it has taken over the UK from a third place that was able to just 15 unicorns during that same time. The top nation in the world – the US has added 254 unicorns, whereas China had 74 unicorns by 2021, bringing their total to 487 startups and 301 that had a valuation of over $1 billion.
Startups that joined the Indian unicorn club in 2021 included FlipkartMoglix, BharatPe, CoinDCX, upgrade, Groww, BlackBuck, Droom, OfBusiness, Meesho, Chargebee, CRED, Digit, Gupshup, Infra. Market, MindTickle, Five Star Business Finance, Innovaccer, Pharmeasy, Sharechat, Urban Company, Zeta, Eruditus, Zetwerk and BrowserStack, Apna, Vedantu, Licious, CoinSwitch Kuber, Rebel Foods, CarDekho, MobiKwik, Acko, The Good Glamm Group, Cure.Fit, Mensa, NoBroker, Spinny, Upstox, Slice, Pristyn Care, GlobalBees, Mamaearth and many more. In the country, the creation of 44 unicorn companies at the end of 2021.
In the last few years, Indian startups have been reported to have received around $42 billion in capital through 1,584 deals between 2021. The startup ecosystem in India with a total of 60,000 companies that have emerged in the last year across 56 sectors across the country has created more than 6 lakh opportunities for employment across the country. The startup ecosystem has even received the attention of President Ram Nath Kovind in his presidential address on January 31, 2022. He highlighted the opportunities startups in India are creating.
In 2022, the year of the unicorn, India has been starting to witness unicorns already, with Mamaearth being the very first of the 2022 unicorns and then Fractal Analytics, LEAD School, Darwinbox, DealShare, ElasticRun, Livspace, Xpressbees, Uniphore, Hasura, CredAvenue, Amagi, CommerceIQ, and Oxyzo. Find out more details on this group of Indian Unicorn Startups within the report below.
We have listed the 98 Indian Unicorn Companies to date! Don’t miss out on regular updates to the list, by saving this article.