Top 10 Indian Unicorn Startups and Their Revenue 2022
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The startup industry in India is growing faster than we could have imagined. They are now paving a new way for the future of India. Some popular startups that caught the eyes of everyone in the past few years are Zomato, BYJUs, Nykaa, and more. These are living proof of the evolution of startups in India.
These startups have been able to provide solutions to many of our problems. Along with this, they have been able to make huge progress for themselves as well. The startups in India are now generating a great amount of revenue and an increase in terms of their valuation.
The last two years have been full of ups and downs. The time has been mixed with old and new ideas. Many businesses could not cope well during the pandemic. On the other hand, many were able to reach their prime time. The Indian startup industry has grown in the past two years like never before. Startups like BYJU, Zomato, Nykaa, and more made India proud by entering the unicorn club.
Thanks to technology, continuous innovations, and passion for entrepreneurship, India is now the third-largest home for unicorn startups in the world with almost 100+ unicorn startups already established and many more are on the way to becoming unicorn startups.
Startups in India can secure a strong foot in India now due to new terms and policies installed by the government as well as the development faced by the Indian startup ecosystem. The startups in India have become the most potential eye-catchers for investors. With great funding at proper times, startups have been able to progress at a faster pace.
Here is the list of all Indian Unicorn Startup with their revenue, profit, and valuation:
| Startup Name | Industry | Founding Year | Revenue | Profit in 2021 | Current Valuation |
|---|---|---|---|---|---|
| PhysicsWallah | Edtech | 2016 | $28 Million | -$0.877 Million | $1.1 Billion |
| LeadSquared | SaaS- CRM | 2011 | $19.3 Million | -$1 Million | $1 BIllion |
| ElasticRun | E-commerce Logistics | 2015 | $381.3 Million | -$12 Million | $1.5 Billion |
| LEAD School | Edtech | 2012 | $80 Million | -$15 Million | $1.1 Billion |
| Purplle | E-commerce Personal Care | 2012 | $180 Million | -$6 Million | $1.1 Billion |
| DealShare | E-commerce | 2018 | $193.3 Million | -$8 Million | $1.7 Billion |
| Xpressbees | E-commerce Logistics | 2015 | $190 Million | -$8 Million | $1.2 Billion |
| Open | Fintech | 2017 | $.5 Million | -$8 Million | $1 BIllion |
| Games24x7 | Gaming | 2006 | $115.6 Million | $13 Million | $2.5 Billion |
| Amagi | Media, Advertising | 2008 | $43.9 Million | $2 Million | $1 BIllion |
| Fractal Analytics | SaaS- Analytics | 2000 | $250 Million | NA | $1 BIllion |
| Darwinbox | SaaS- HR | 2015 | $1.6 Million | NA | $1.07 BIllion |
| Livspace | E-commerce Interior Design | 2014 | $8 Million | NA | $1.2 Billion |
| Uniphore | SaaS- Conversational Automation | 2008 | $88.1 Million | NA | $2.5 Billion |
| Hasura | SaaS- Programming Tools | 2017 | $18.5 Million | NA | $1 BIllion |
| Yubi (CredAvenue) | Fintech | 2017 | $15.3 Million | NA | $1.3 Billion |
| CommerceIQ | E-commerce Management Platform | 2012 | $115 Million | NA | $1 BIllion |
| Oxyzo | Fintech | 2016 | $31.3 Million | NA | $1 BIllion |
| OneCard | Fintech | 2018 | $8.3 Million | NA | $1.4 Billion |
| Moglix | B2B E-commerce | 2015 | $100 Million | -$10 Million | $2.6 Billion |
| NoBroker | PropTech | 2014 | $6.3 Million | -$12 Million | $1 BIllion |
| MobiKwik | Fintech | 2009 | $52.5 Million | -$13 Million | $1 BIllion |
| Spinny | Automotive | 2015 | $10.9 Million | -$13 Million | $1.75 Billion |
| MPL | ESports | 2018 | $65.6 Million | -$16 Million | $2.3 Billion |
| Acko | Insurtech | 2016 | $98.8 Million | -$16 Million | $1.1 Billion |
| ShareChat | Social Media | 2015 | $50 Million | -$183 Million | $5 Billion |
| Eruditus | Edtech | 2010 | $131 Million | -$242 Million | $3.2 Billion |
| upGrad | Edtech | 2015 | $69.2 Million | -$26 Million | $2.25 Billion |
| Apna | Marketplace- Employment | 2019 | $2.25 Million | -$3 Million | $1.1 Billion |
| Urban Company | Home Services | 2014 | $43.7 Million | -$31 Million | $2.1 Billion |
| BharatPe | Fintech Payments | 2018 | $100 Million | -$34 Million | $2.85 Billion |
| CarDekho | E-commerce Automotives | 2007 | $88.4 Million | -$42 Million | $1.2 Billion |
| Licious | E-commerce Meat Products | 2015 | $68.2 Million | -$46 Million | $1.3 Billion |
| Zetwerk | Marketplace- Consumer goods | 2018 | $496 Million | -$5 Million | $2.5 Billion |
| Meesho | E-commerce | 2015 | $46.6 Million | -$62 Million | $4.9 Billion |
| Blinkit (ex-Grofers) | E-commerce- Groceries | 2013 | $23.6 Million | -$69 Million | $0.568 Billion |
| Pristyn Care | Healthtech | 2018 | $20 Million | -$7 Million | $1.4 Billion |
| Vedantu | Edtech | 2011 | $9.3 Million | -$75 Million | $1 BIllion |
| Upstox | Fintech | 2010 | $845.7 Million | -$8 Million | $3.4 Billion |
| Slice | Fintech | 2016 | $3.5 Million | -$8.9 Million | $1.4 Billion |
| CRED | Financial Technology | 2018 | $39.3 Million | -$80 Million | $6.4 Billion |
| CureFit | Healthcare | 2016 | $21.6 Million | -$83 Million | $1.5 Billion |
| Mamaearth | E-commerce Personal Care | 2016 | $94.3 Million | $24 Million | $1.07 Billion |
| Infra.Market | B2B E-commerce | 2016 | $623.6 Million | $3 Million | $2.5 Billion |
| Five Star Business Finance | Financial Services | 1984 | $573 Million | $44 Million | $1.4 Billion |
| OfBusiness | Building Materials | 2015 | $726 Million | $6 Million | $5 Billion |
| CoinSwitch Kuber | Cryptocurrencies | 2017 | $7.1 Million | $8 Million | $1.9 Billion |
| CoinDCX | Cryptocurrency Exchange | 2018 | $.5 Million | NA | $2.15 Billion |
| BlackBuck | Logistics | 2015 | $86.6 Million | NA | $1.02 Billion |
| Droom | Marketplace- Automotives | 2014 | $13.6 Million | NA | $1.2 Billion |
| PharmEasy | Online Pharmacy | 2015 | $646 Million | NA | $5.6 Billion |
| MyGlamm | Personal Care Marketplace | 2015 | $100 Million | NA | $1.2 Billion |
| Digit Insurance | Insurance | 2016 | $500 Million | NA | $4 Billion |
| Innovaccer | Healthcare | 2014 | $50 Million | NA | $3.2 Billion |
| Groww | Fintech | 2017 | $.6 Million | NA | $3 Billion |
| Gupshup | Software | 2004 | $150 Million | NA | $1.4 Billion |
| Chargebee | Financial Services | 2011 | $115 Million | NA | $3.5 Billion |
| Zeta | Fintech | 2015 | $152 Million | NA | $1.5 Billion |
| BrowserStack | Cloud Infrastructure and Software | 2011 | $204 Million | NA | $4 Billion |
| Mohalla Tech (Moj) | Software | 2015 | $7.7 Million | NA | $5 Billion |
| Matic Network / Polygon | Blockchain | 2018 | $4.2 Million | NA | $10 Billion |
| MindTickle | Saas- Enterprise Software | 2011 | $40 Million | NA | $1.2 Billion |
| Rebel Foods | E-commerce Food Delivery | 2011 | $90 Million | NA | $1.4 Billion |
| Mensa | Financial Services | 2021 | $150 Million | NA | $1.2 Billion |
| GlobalBees | E-commerce Retail | 2021 | $12 Million | NA | $1.1 Billion |
| Dailyhunt | Social News | 2007 | $77 Million | -$101 Million | $5 Billion |
| Unacademy | Edtech | 2015 | $59.6 Million | -$192 Million | $3.4 Billion |
| Cars24 | B2C E-commerce | 2015 | $1 Billion | -$28 Million | $3.3 Billion |
| Glance, Inmobi | Mobile Technology | 2019 | $200 Million | -$9 Million | $1.8 Billion |
| RazorPay | Fintech | 2014 | $148 Million | $0.875 Million | $7.5 Billion |
| Zerodha | Stockbroker | 2010 | $272 Million | $140 Million | $2 Billion |
| PhonePe | Fintech Payments | 2015 | $72 Million | $217 Million | $5.5 Billion |
| FirstCry | E-commerce | 2010 | $21.5 Million | $26 Million | $2 Billion |
| Nykaa | E-commerce | 2012 | $163 Million | $7 Million | $8.3 Billion |
| Pine Labs | Fintech | 1998 | $200 Million | NA | $5 Billion |
| Highradius | Fintech | 2006 | $250 Million | NA | $3.1 Billion |
| Verse Innovation | Content Technology | 2007 | $96.5 Million | NA | $5 Billion |
| Zenoti | Saas- Spa and Salon Services | 2010 | $41 Million | NA | $1.5 Billion |
| Postman | Saas- API Development and Testing | 2014 | $102 Million | NA | $5.6 Billion |
| Delhivery | E-commerce Logistics Services | 2011 | $179 Million | -$14 Million | $4 Billion |
| Icertis | Saas- Contract Management | 2009 | $240 Million | -$2 Million | $5 Billion |
| Ola Electric | Automotive | 2017 | $50 Million | -$24 Million | $5 Billion |
| Druva | Saas- Data Management | 2008 | $100 Million | -$4 Million | $2 Billion |
| BigBasket | E-commerce- Groceries | 2011 | $170.7 Million | -$51 Million | $2.7 Billion |
| Rivigo | Logistics | 2014 | $37 Million | -$67 Million | $1.09 Billion |
| Lenskart | E-commerce- Eyewear | 2010 | $150 Million | $3 Million | $4.3 Billion |
| Dream11 | Fantasy Sports | 2008 | $270 Million | $41 Million | $8 Billion |
| CitiusTech | Healthcare Technology | 2005 | $350 Million | NA | $2.4 Billion |
| Freshworks | SaaS - CRM | 2010 | $497 million | -$188 Million | $3.5 Billion |
| Udaan | E-commerce | 2016 | $120 Million | -$310 Million | $3.1 Billion |
| OYO Rooms | Hospitality | 2013 | $145.9 Million | -$495 Million | $9 Billion |
| Paytm Mall | E-commerce | 2017 | $28.2 Million | -$62 Million | $0.013 Billion |
| Swiggy | Foodtech | 2014 | $212 Million | $203 Million | $10.7 Billion |
| BYJU'S | Edtech | 2011 | $242 Million | $6 Million | $22 Billion |
| Policybazaar | Insurance company | 2008 | $54 Million | NA | $2.4 Billion |
| Billdesk | Fintech | 2000 | $210 Million | NA | $4.7 Billion |
| ReNew Power | Renewable Energy | 2011 | $38.12 Billion | NA | $8 Billion |
| OLA | Transportation | 2010 | $9.8 Billion | -$105 Million | $7.3 Billion |
| Zomato | Foodtech | 2008 | $410 Million | -$153 Million | $5.4 Billion |
| Paytm | E-commerce Finance | 2010 | $280 Million | -$214 Million | $16 Billion |
| Mu Sigma | SaaS- Analytics | 2004 | $150 Million | NA | $1.5 Billion |
| Flipkart | E-commerce | 2007 | $10.6 Billion | -$307 Million | $37.6 Billion |
| InMobi | Adtech | 2007 | $394 Million | -$9 Million | $1 Billion |
| MakeMyTrip | Online Travel | 2000 | $88.6 Million | -$56 Million | $2.52 Billion |
1. Nykaa
2. Swiggy
3. Zomato
4. BYJU’S
5. Paytm
6. OYO
7. Udaan
8. Digit Insurance
9. PharmEasy
10. Dream11
1. Nykaa
Revenue: INR 3,773 crores FY 2022
It is an Indian e-commerce platform launched in the year 2012 by Falguni Nayar. The company sells its products through three channels- website, app, and offline stores. It offers a wide variety of beauty, wellness, and fashion products.
Nayar made her company the first Indian unicorn startup led by a woman in 2020. The Firm Nykaa has revenue of INR 2,440 crores, in 2021. It has also announced revenue of INR 3,773 crores FY 2022.
This year in Q2 FY23, Nykaa’s net profit has reached 344% Y-o-Y to Rs. 5.2 crore. The company has also reported a 39% increase in its revenue which is Rs.1230 cr.
2. Swiggy
Revenue: INR 2,547 Crores in FY2021
It is an online food ordering and delivery platform based in India. The Swiggy startup was started in the year 2014. The platform’s services are active in more than five hundred Indian cities like Delhi, Mumbai, Jaipur, etc.
The platform has taken a tech approach to handle logistics and provide solutions to customer demands. Swiggy generated revenue of Rs. 2,547 cr in FY21. This number was a 23% drop from their previous financial year 2020.
3. Zomato
Revenue: INR 4192.4 crore in FY2022
It is an online food ordering and delivery company founded in the year 2008. From menus to reviews the platform provides you with all the information about its partnered restaurants and gets your delicious food delivered to your doorstep.
It was the first Indian startup to make its debut in the stock market. The Zomato Unicorn is considered one of the most successful startups in India with a revenue of INR 4192.4 crores, in Financial Year 2022. It has also announced its gross order value of INR 5,500 crores in Q3 FY 2022.
4. BYJU’S
Revenue: INR 3,039.45 Crores in FY 2022
It is a global ed-tech startup founded in India in the year 2011. The platform is known to provide adaptive, engaging, and effective learning solutions to its students around the world. Online coaching has the school’s curriculum as well as training for exams like JEE, IAS, GRE, etc.
This education startup earned the status of the 13th largest unicorn in the world as per CB insights in December 2021. The startup BYJU's had revenue of INR 3039.4 crores as of FY 2022.
5. Paytm
Revenue: INR 4,846 crores in FY 2022
It is an Indian multinational technology startup that provides a digital ecosystem for consumers and merchants. Paytm was founded in the year 2010. The company offers payment services, commerce and cloud services, and financial services.
It enables users to make quick and safe UPI payments, book movie tickets, EMI payments, and more. This top Indian startup has a revenue of INR 3,187.6 crores for FY21. It has also generated revenue of INR 4846 crores in FY2022.
Arbaz Sayed
6. OYO
Revenue: INR 4,157 Crores in FY2021
It is an Indian multinational online travel agency for homes and hotels. It was founded in the year 2012. The OYO platform offers hotel rooms at affordable rates all across South Asia. It also offers services like complimentary breakfast services, holiday packages, rewards, etc.
The platform has made travel experiences for people easy and reasonable. It has a revenue of INR 4,157 crores, in 2021.
7. Udaan
Revenue: INR 8450 Crores in FY 2022
It is a network-centric B2B e-commerce platform founded in the year 2016 in India. The startup helps traders, manufacturers, and wholesalers to connect directly in one place. Udaan startup also facilitates secure payments and smooth logistics.
Udaan has been successful in solving the problems of trade for businesses across India. It has a revenue of INR 5,919 Crores in FY 21. However, in FY22 Udaan has shown Rs.8450 cr in revenue with a loss reaching Rs.3030 cr which is 22.1% more compared to the FY21 loss of Rs. 2482.
8. Digit Insurance
Revenue: INR 5,268 Crores in FY 2022
It is an operator of an insurance brokerage firm founded in the year 2016 in India. The Digit Insurance company offers insurance for commercial and non-commercial vehicles, property, and travel.
Digit Insurance is one of the leading insurance companies in the nation enabling clients to make informed decisions and get themselves insured. It has a revenue of INR 5268 crores in FY22.
9. PharmEasy
Revenue: INR 4363 Crores in FY21
PharmEasy is an Indian e-pharmacy startup, founded in the year 2015. PharmEasy sells medicine and healthcare products, along with that it also connects local clinics to medical stores for health equipment supply.
In order to expand business PharmEasy has started connecting doctors to patients online and jumped into Lab testing operations now. Though PharmEasy total revenue has increased 48% to Rs 6,461.1 crore in FY22 from Rs 4,363.2 crore in FY21.
But it’s a loss that has been widening. The company has now started to take steps to make it profitable in the coming years despite having fierce challenges from its competitors.
10. Dream11
Revenue: INR 2,554.4 Crores for FY2021
It is a fantasy sports platform based in India, founded in the year 2008. Dream11 startup enables users to play fantasy sports like cricket, kabaddi, hockey, basketball, and football.
This has been the first Indian gaming company to become a unicorn. The gaming startup has revenue of INR 2554.4 crores for the Financial Year 2021.
Conclusion
The startups in India have seen massive growth in the past decade. Many startups were able to attain the status of unicorn in recent times making India the third-largest hub for unicorn startups in the world.
India has always been famous for its successful talent in technology, medical fields, and more. Now, the nation is shining bright with its batch of growing startup industry.
FAQs
What is a Unicorn company in India?
A unicorn company stands for the term for any privately owned company having a value of more than $1 billion.
Which city has the most startups in India?
At present times, the city of Bengaluru claims the position of the Indian city having the most number of startups in India.
Is BYJUS profitable?
No, the ed-tech platform BYJUS is highly appreciated for the introduction of a new concept in the world of education. It is counted among the most profitable unicorn in India.
Are Indian unicorns profitable?
India contains more than 100 unicorns on its record. However, not every unicorn is counted as a profitable company. It is estimated that out of 100 only 18 unicorns are profitable.
Which is the biggest startup in India?
India is home to many valuable startups. Some of the biggest startups in India are Urban Company, Paytm, Classplus, Razorpay, etc.
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