We have seen the lions of unicorn startups, which are the USA and China, both having more than 200 unicorn startups.
After the USA and China, most of the fund managers, Venture capitalists, and investors started to search across the globe and find better startup businesses in India to invest their money.
They finally found their destination in India, which is a developing nation with a market of 1.35 billion populations.
If we look at the history of India, we find that until 1991, Indians were unable to find their true potential. After globalization, we know the value of the free-market and learn how to compete in this changing world.
The Revolution of the telecommunication industry in India taught us the importance of technology and the digital era, which is going to shape the future of the world.
Now the situation is also changed, private sectors and government of India came forward to support the startup ecosystem in India by providing funds, assistance or mentorship, tax exemptions, and a platform to recognize their products and services.
List Of Top 5 Unicorn Startups
According to the valuation of startup businesses, we took the 5 best and top startup. The mentioned startups are well known and famous not only in India but worldwide.
These startups find a better way to market the sectors, which is mostly considered as unorganized and risky because of too much dependence on technology.
After knowing and understanding the concept of startup businesses, many venture capitalists come forward to support it by providing funds in the early phase to grow.
The most important aspect of these startups is that all of them belong to different sectors and use the online platform to connect with their customers.
#Unicorn startups – One97 Communications
Founder: Vijay Shekhar Sharma
Subsidiaries: Paytm, Paytm Money Limited, Paytm Financial Services Limited, N.S Mobile Technologies, Paytm Mobile Solution Private Limited, Paytm Entertainment Limited, Paytm E-Commerce (Paytm Mall), One97 Communication India Limited
Category: Marketing, Technology, Advertising, Consumer Software, Fintech, Mobile Marketing, Payments
Market Value: $10 billion October 2019
Revenue: $.52 Billion in the financial year 2019
Total funding: $2.8 billion
Silicon Valley Bank, Sapphire Ventures, Intel Capital, SoftBank Capital, Alibaba, SAIF Partners, Ratan Tata, Ant Financial, Berkshire Hathaway, Mountain Capital, K2 Global.
Tags: Marketing Technology
Common people of India rarely know One97 Communication because its subsidiaries got more success and growth, which is non-other than Paytm.
Paytm revolutionized the Indian payment system and built a solid platform for the online exchange of money and harvest the technology revolution in India.
Vijay Shekhar Sharma started the Paytm as a platform for recharging Mobile and DTH.
In January 2014, the whole thing changed, when the company launched the Paytm Wallet and later added as a payment system for Uber and Indian Railways.
And after that, One97 Communication never turns back. One97 communication started to explore the different segments of market-related to the Fintech that is Paytm Mall, Paytm Payment Bank, Paytm Money, Paytm Lab, etc.
Therefore, One97 Communication with a total valuation of $10 Billion or Rs 74000 crores became the Top unicorn Startups in India.
Read More: How to start a startup Step by Step.
#Unicorn startups – OYO
Founder: Ritesh Agarwaal
Category: Hospitality, Hotels, Travel & Leisure, Marketplace, Leisure, Traveltech, etc
Acquisitions/Subsidiaries: Novascotia Boutique Homes, AblePlus Solutions Pvt Ltd, Inov8 Coworking, Leisure Group, Danamica.
Market Value: $10 billion in the year 2019
Revenue: ₹ 67.1 Billion in the financial year 2018
Total funding: $3.3 billion
Investors: Sequoia Capital, Lightspeed Venture Partners, SoftBank Capital, DSG Consumer Partners, Softbank, Greenoaks Capital, Airbnb, Anand Ladsariya, Lightspeed, Amit Patni, VentureNursery, Huazhu Hotels Group, Didi Chuxing, Lightspeed Venture Partners India, Grab, Shravan Shroff, Ravi Kiran, Bharat Banka, SoftBank Vision Fund, Hero Enterprise, Ritesh Agarwal, MyPreferred Transformation.
The Indian brand of the hotel chain, that was started with a purpose to solve the problems related to the hospitality sector in India and came into the list world top 20 hotel chain business company
Before the OYO, the hospitality sector in India had many problems and suffer from bad conditioned small hotels and guest rooms across India.
Ritesh Agarwal the founder of OYO rooms started Oravel stays and traveled across India to research and find the problem faced by day to day customers in daily life while their stays in small hotels.
In 2013 Oravel stays became OYO and become one of the Unicorn Startups in India with a total valuation of $10 billion.
The product and services offered by OYO rooms and OYO hotels and Services include
- OYO Townhouse
- OYO Home
- OYO Vacation Homes
- Capital O
- Collection O
- OYO LIFE
Oyo received many awards and recognition on the world platform for its unique business model. Some of them are given below:
- Most Innovative Company for 2019
- Best Startup – SATTE Awards 2019
- LinkedIn’s Top Startups in India list in 2018
- Top 10 innovative company in India in 2018
#Unicorn startups – Byju’s
Founder: Byju Raveendran
Category: Online Learning Platform for education and science
Sector: Education, Technology, Application Software, E-Learning, Edtech, Mobile App, etc
Acquisitions/Subsidiaries: Edurite, Vidyartha, TutorVista, Math Adventures, and Osmo
Users: Byju’s claims 5 crores registered users
Total Revenue: ₹ 2.8 Billion for the year 2019
Market Value: $10.5 Billion in May 2020
Total Funding: $1.2 Billion
Investors: Lightspeed Venture Partners, Qatar Investment Authority, Tiger Global Management, General Atlantic, Sofina, Tencent Holdings, Naspers, Verlinvest, Aarin Capital, Owl Ventures, Times Internet, Canada Pension Plan Investment Board, Chan Zuckerberg Initiative, Lightspeed Venture Partners India, IFC Venture Capital Group, Sequoia Capital India, Lightspeed India Partners
Byju’s is Indias first Edtech startup to become the Unicorn startups in India with a total valuation of $10 billion in May 2020.
It provides an educational and learning platform to the students and focuses mainly on grade 1 to 10th students. Byju’s is also famous for the online courses of India’s toughest exam that is IIT Jee Mains/ Advanced, NEET, CAT, UPSC, etc.
Byju’s app is created or developed by Think and Learn Private Limited and launched in August 2015 for the educational purpose of primary and secondary students.
According to the website, Buju’s have more than 5 crores registered users. Currently, Byju’s have more than 50,000 videos, quizzes, tests, interactive sessions, and many more related to online courses and competitive exam preparation.
#Unicorn startups – Snapdeal
Founded: 4th February 2010
Parent organization: Jasper Infotech
Sector: Retail, Consumer Goods, Distribution, E-Commerce, Market
Revenue: $130 million in the year 2019
Market Value: $7 billion in August 2019
Total funding: $1.8 billion
Investors: BlackRock, Intel Capital, SoftBank Capital, Bessemer Venture Partners, Nexus Venture Partners, Temasek Holdings, Alibaba Group, Cambrian Ventures, Kalaari Capital, eBay, PremjiInvest, Ontario Teachers’ Pension Plan, Foxconn Technology Group, Saama Capital, Tybourne, Kunal Bahl, SoftBank Telecom Corp, Rohit Bansal, Iron Pillar, Brand Capital, Clouse SA, Recruit Co., Myriad Group, RTP Global.
Visits per month: 4.5 Million in April 2020
Alexa rank: 3.4 K in April 2020
Global Rank: 3,641 Worldwide in May 2020
Country Rank: 175 in India in May 2020
Category Rank: 150 in E-commerce and Shopping Marketplace
With a total valuation of $7 billion in August 2019, Snapdeal became the retail Unicorn startups for the E-commerce sector in India.
It was initially started as a daily deal Platform in the year 2010 by Kunal Bahal and Rohit Bansal. In 2011, it became a fully operational online marketplace in India.
Snapdeal simply connects buyers to sellers and has brands from regional to Internation.
Currently, Snapdeal has a large variety of products, which is approximately more than 35 million items from regional brands to international brands. Snapdeal has also more than 3 lakh verified sellers, which delivers the product in more than 6000 cities across India.
#Unicorn startups – Ola Cab
Founded: 3rd December 2010
Acquisitions/Subsidiaries: TaxiForSure.com, Geotagg, Qarth, Foodpanda India, Ridlr
Category: Transportation, Ride-Sharing, Technology, Booking, Application Software, and Travel & Leisure
Market Value: $5.5 billion in the year 2019
Revenue: ₹ 22.2 Billion in the financial year 2018
Total funding: $3.8 billion
Investors: SoftBank Capital, Bessemer Venture Partners, Steadview Capital, Tiger Global Management, Temasek Holdings, GIC, Tencent Holdings, Accel, Hussam Khoury, Samih Toukan, Softbank, Falcon Edge Capital, Sachin Bansal, Sailing Capital, Kia Motors, Tekne Capital, RNT Capital, Yes Bank, Hyundai Motor Company, China-Eurasian Economic Cooperation Fund, Eternal Yield International, Tina Price, Steven Price, Raymond S Cahnman, Lyon Assets, J3T Ventures, Deshe Holdings, DIG Investment, ARK Ola Pre IPO Private Investment Trust.
In India, travels and tour industry is always shabby. We could confirm the previous quote from the situation of transportation service in India, which is always crowded.
Motorbikes, Auto Rickshaw, and Buses were considered as the best mode of transportation in India for shorter distances because of larger numbers of the middle and poor class population in India.
The main disadvantages of the above modes of transportation are:
- One should have to wait
- Overcrowded transport
- Transportation rates were high for personal use.
But, things changed when Ola Cabs was launched in 2010, which provides transportation for shorter distances according to the customer’s timing and convenience.
According to data provided by SimilarWeb (market intelligence firm), Ola Cab has 23.96 million monthly active users in November 2019.
Ola Cab also started to expand its business in the United Kingdom, Australia, and New Zealand.
Under Ola, a new company is started with the name Ola Electric, and it is considered as the next unicorn startups in India. The main Purpose of Ola Electric is to use electric buses, auto-rickshaws, and electric cabs for transportation.