POPULAR STARTUPS IN INDIA THAT MADE IT TO THE UNICORN CLUB IN THE PAST 5 YEARS
A unicorn company is a startup that is valued at over $1 billion. India has seen a large surge in the list of companies who’ve joined the unicorn club in the past five years. While 2018 saw the addition of ten start-ups to the coveted unicorn club, 2019 saw seven and with this growing pace, tons more inclusion of startups is predicted in Unicorn Club in 2020.
1. Swiggy- Food Delivery
Food-delivery startup Swiggy entered the unicorn club when it raised $210 million in a funding round led by Naspers and DST Global. The company was reportedly valued at $1.3 billion at that time.
Founded in: 2014
Founders: Nandan Reddy, Sriharsha Majety, Rahul Jaimini
Headquarters: Bengaluru
Revenue: ₹875 crore (US$120 million) (November 2019)
Unicorn Since: 2018
2. Paytm-Payments & Commerce
Online retailer Paytm Mall, which was dragged out of India’s largest digital payments firm, its parent firm, Paytm in 2016, has been a unicorn since March 2018.
Founded in: 2016
Founders: Vijay Shekhar Sharma
Headquarters: Noida
Revenue: ₹3,579 crore (US$500 million) (FY 2019)
Unicorn Since: 2018
3. Big Basket – Online Grocery
Big Basket was the first grocery delivery Unicorn of India. Bigbasket entered the club when it closed its Series F round of funding with an investment of $150 million led by the company’s existing investor Alibaba along with South Korea’s Mirae Asset Global Investments, valuing the company at a little over $1.2 billion.
Source Credit: BW Disrupt
