Top 10 Indian Unicorn Startups and Their Revenue 2022

Top 10 Indian Unicorn Startups and Their Revenue 2022

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 are some of the top Indian startups and their revenue:

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

Nykaa- A beauty retailing startup
Nykaa- A beauty retailing startup

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.

2. Swiggy

Revenue: INR 2,145 Crores in FY2021

Swiggy- The food delivery startup
Swiggy- The food delivery startup

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 has a revenue of INR 2,145 crores for 2021. This number was a 23% drop from their previous financial year 2020.

3. Zomato

Revenue: INR 4192.4 crore in FY2022

Zomato - a food delivery startup
Zomato - A food delivery startup

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.

The above graph shows India's Unicorn surge with its aggregate valuation.
The above graph shows India's Unicorn surge with its aggregate valuation.

4. BYJU’S

Revenue: INR 3,039.45 Crores in FY 2022

BYJU'S - The ed-tech startup
BYJU'S - The ed-tech startup

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. Thi 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 13th largest unicorn in the world as per CB insights in December 2021. The startup BYJU's had a revenue of INR 3039.4 crores as of FY 2022.

5. Paytm

Revenue: INR 4,846 crores in FY 2022

Paytm - The Financial service providing startup
Paytm - The Financial service providing startup

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 revenue of INR 3,187.6 crores for FY21. It has also generated revenue of INR 4846 crores in FY2022.


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6. OYO

Revenue: INR 4,157 Crores in FY2021

OYO - A full-stack technology providing a global platform startup
OYO - A full-stack technology providing a global platform startup

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 5,919 Crores in FY 2021

Udaan - A trade processing startup
Udaan - A trade processing startup

It is a network-centric B2B e-commerce platform founded in the year 2016 in India. The startup helps the 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.

8. Digit Insurance

Revenue: INR 5,268 Crores in FY 2022

Digit Insurance - An insurance providing startup
Digit Insurance - An insurance providing startup

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 the clients to make informed decisions and get themselves insured. It has a revenue of INR 5268 crores in FY22.

9. PharmEasy

Revenue: INR 2,360 Crores in FY21

Pharmeasy - The online drug/medicine delivery startup
Pharmeasy - The online drug/medicine delivery startup

It is an Indian online drug delivery startup founded in the year 2014. The Pharmeasy company’s application sells medicine and healthcare products and helps in connecting with local medical stores and diagnostic centers to fulfill medical needs.

Pharmeasy improves the supply chain of pharmaceuticals by making the process completely digital. It has a revenue of INR 2,360 crores in FY21.

10. Dream11

Revenue: INR 2,554.4 Crores for FY2021

Dream11 - A fantasy sport startup
Dream11 - A fantasy sport startup

It is a fantasy sports platform based in India, founded in the year 2008. Dream11 startup enables the 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 a 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 a 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?

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 Indian city having the most number of startups in India.

Is BYJUS profitable?

Yes, 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 India unicorns profitable?

India contains more than 100 unicorns in 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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