Top 10 Unicorn Startups of India 2021

Arbaz Sayed Arbaz Sayed
Mar 16, 2021 8 min read
Top 10 Unicorn Startups of India 2021

India is becoming the world's fastest growing startup ecosystem with a total of 26 unicorn startups in India. In today's world Unicorn startups are not as uncommon as before however does not mean that building a unicorn startup is easy. In this article we are going to discuss about Top 10 Unicorn Startups of India.

What is a Unicorn startup?

Unicorn is a business term used to define a startup with a valuation of over $1Billion. The term was Coined by a venture capitalist and a seed investor Aileen Lee.

Top 10 Unicorn Startups of India 2021

There are over 25 unicorn startups in India with total valuation of over $73.2 billion. the highest valued unicorn is a fintech company Paytm with a valuation of $16 billion. The average age of Indian unicorn is 7 years in which Ola electric is the youngest unicorn in the list being founded in 2017.

1. Paytm
2. OYO Rooms
3. BYJU'S
4. OLA Cabs
5. Swiggy
6. Zomato
7. Paytm Mall
8. ReNew Power
9. Zerodha
10. Big Basket
11. Udaan

1. Paytm

Paytm Logo | Indian Unicorn Startup

Paytm is one of the biggest unicorn startup in India. Paytm is a  payment service provider in India. The fintech startup is famous for its payment gateway service which helps consumers to make seamless payments to the seller from their bank accounts. Paytm entered the unicorn club in 2015, in 2015 paytm's valuation was over $7 billion and it has increased now to $16 billion in 2020.

Startup Name Paytm
Headquarter Noida, Uttar Pradesh, India
Industry E-commerce Finance
Founder Vijay Shekhar Sharma
Founded August 2010
Investors Alibaba, Ant Financial,Intel Capital, and Warren Buffett’s Berkshire Hathaway
Products and services Paytm Mall, Paytm Payments Bank, Paytm Money, Gamepind,Paytm Smart Retail Services Payment systems, Digital Wallets mobile, Paymentsbanking, Online shopping
Valuation $16 billion

2. OYO Rooms

OYO is among top travel startups in India. Founded by 21-year-old Ritesh Agarwal in 2013, it is India’s largest hospitality startup comprising of budget hotels. The startup works in liaison with existing hotels and offers travelers vacant rooms at a cheaper price. OYO's rooms start at a nominal price of Rs. 999. Besides bulk renting hotels, they have also invested in their own properties as well.

oyo rooms
Oyo Rooms Logo | Indian Unicorn Startup
Startup Name OYO Rooms
Headquarter Gurgaon, Haryana, India
Industry Hospitality
Founder Ritesh Agarwal
Founded 2013
Investors SoftBank Group, Greenoaks Capital, Sequoia India, Lightspeed India, Hero Enterprise, Airbnb and China Lodging Group.
Products and services Oyo Hotels & Homes
Valuation $8 billion

3. BYJU'S

BYJU'S Logo | Indian Unicorn Startup

Byju’s is a Bangalore based edtech platform. It is an online tutoring and coaching firm that was started in the year 2011 and runs on a freemium model. Launched by Byju Raveendran, it is used by more than 15 million students all over the world and has over 9,00,000 paid subscribers.

Startup Name BYJUS
Headquarter Bangalore, Karnataka, India
Industry Edtech, distance education, m-learning
Founder Byju Raveendran
Founded 2011
Investors Aarin Capital, BOND
Products and services BYJU’S - The Learning App
Valuation $8 billion

4. OLA Cabs

Ola Cabs is an Indian ride sharing company which was launched on 3rd December 2010. As of 2019, Ola has expanded over 1.5 million drivers across 250 cities. Ola has also expanded its network into its first overseas market, Australia, and in New Zealand in September 2018. Ola began its operations in UK introducing auto rickshaws.

top valuable startups India
Ola cabs Logo | Indian Unicorn Startup
Startup Name Ola Cabs
Headquarter Bangalore, India
Industry Transportation
Founder Bhavish Aggarwal
Founded 3 December 2010
Investors SoftBank Group , Tiger Global , Tencent , Matrix Partners , and DST Global
Products and services Mobile app, website
Valuation $6 billion

5. Swiggy

Swiggy Logo | Indian Unicorn Startup

Swiggy is one of the most valuable online food ordering and delivery platform. Swiggy was founded by Nandan Reddy, Sriharsha Majety, and Rahul Jaimini in 2014. In early 2019, swiggy expanded into general product deliveries, under the brand name Swiggy Stores. Swiggy today has more than over 5,000,000 mobile application installations.

Startup Name Swiggy
Headquarter Bangalore, India
Industry Retail
Founder Nandan Reddy Sriharsha Majety Rahul Jaimini
Founded 2014
Investors Norwest Venture Partners, Naspers, Accel, SAIF Partners,Meituan-Dianping
Products and services Consumer service
Valuation $3.5 billion

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6. Zomato

Zomato Logo | Indian Unicorn Startup

Zomato is an Indian food delivery startup restaurant aggregator. Zomato was founded by  Deepinder Goyal and Pankaj Chaddah in 2008. Zomato primarily provides concrete information, menus, and user reviews of the restaurants. Along with this, Zomato also has food delivery options from partnered restaurants of the selected cities.

Startup Name Zomato
Headquarter Haryana, India
Industry Online food ordering and Retail
Founder Deepinder Goyal, Pankaj Chaddah
Founded 2008
Investors Info Edge,Sequoia Capital, Vy Capital, Ant Financial,Baillie Gifford
Products and services Restaurant Search & Discovery, Online Ordering, Table Reservations & Management, POS Systems, Subscription Services
Valuation $3 billion

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7. Paytm Mall

PaytmMall is B2C model inspired by China's largest B2C retail platform TMall. It was launched by Paytm in 2017.

Startup Name ReNew Power
Headquarter Gurgaon, Haryana, India
Industry Renewable energy
Founder Sumant Sinha
Founded 2011
Investors
Products and services Wind Power, Solar Power, Solar Rooftop Power
Valuation $3 billion

8. ReNew Power

ReNew Power Limited is an Indian renewable energy company. It is an independent power producer which was founded by Sumant sinha in 2011. ReNew Power has a pipeline of close to 1400 MW solar and wind projects. It has a current valuation of $3 billion which makes it top 10 valuable startups in India of 2020.

top valuable startup 2020
ReNew power Logo | Indian Unicorn Startup
Startup Name ReNew Power
Headquarter Gurgaon, Haryana, India
Industry Renewable energy
Founder Sumant Sinha
Founded 2011
Investors
Products and services Wind Power, Solar Power, Solar Rooftop Power
Valuation $3 billion

9. Zerodha

Zerodha is an Indian fintech startup that offers retail and institutional broking, currencies and commodities trading, mutual funds, and bonds. The Company was founded in the year 2010 in order to achieve the goal of breaking all the barriers traders and investors face in India. The company is headquartered in Bangalore and has a physical presence in several major Indian cities.

Zerodha Logo | Indian Unicorn Startup

In Dec 2020, Zerodha was the largest retail stockbroker in India by active client base and contributes upwards of 15% of daily retail volumes across Indian stock exchanges. Zerodha entered the unicorn club in July 2020 with a self-assessed valuation of about $1 billion. This valuation was based on the ESOP buyback exercise the company undertook valuing each share at more than four times the book value of ₹700 per share.

Disruptive pricing models and in-house technology have made Zerodha the biggest stockbroker in India in terms of active retail clients. Over 4+ million clients place millions of orders every day through our powerful ecosystem of investment platforms, contributing over 15% of all Indian retail trading volumes.

Startup Name Zerodha
Headquarter Bangalore,India
Industry Fintech
Founder Nithin Kamath and Nikhil Kamath
Founded 2010
Investors Bootstrapped
Products and services broking, currencies and commodities trading, mutual funds, and bonds
Valuation $3 billion

10. Big Basket

big basket Logo | Indian Unicorn Startup

BigBasket is the India's largest online grocer which was founded by Hari Menon V.S. Sudhakar, Vipul Parekh, Abhinay Choudhari, and V.S. Ramesh in 2011. It has gained popularity among the Indians and receives over 100,000 orders per day. It has also launched 3 new businesses BB Daily, BB Instant and BB Beauty.

Startup Name BigBasket
Headquarter Bangalore,India
Industry Retail
Founder Hari Menon V.S. Sudhakar Vipul Parekh Abhinay Choudhari V.S. Ramesh
Founded 2011
Investors Alibaba, Ant Financial,Intel Capital, and Warren Buffett’s Berkshire Hathaway
Products and services Grocery Delivery
Valuation $2.5 billion

11. Udaan

Udaan Logo | Indian Unicorn Startup

Udaan is a B2B e-commerce platform which provides a wholesale product solutions to different vendors in all categories. It was founded by Sujeet Kumar, Amod Malviya and Vaibhav Gupta in 2016. Udaan is a B2B (Business to Business) marketplace for trade that is working for connecting retailers, wholesalers, traders, and manufacturers using technology as a main tool.

Startup Name Udaan
Headquarter India
Industry E-commerce Supply chain management Business-to-business B2B
Founder Sujeet Kumar, Amod Malviya and Vaibhav Gupta
Founded 2016
Investors Tencent Holdings, Altimeter Capital, Footpath Ventures, Hillhouse Capital group, GGV Capital, Citi Ventures, DST Global and Lightspeed India Partners
Products and services B2B trade platform
Valuation $2.5 billion

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India has given rise to many successful unicorn startups such as Oyo rooms and PayTm. Multiple startups strive hard to reach the top 10 unicorn startups but only few make it to the top. India is the third largest startup ecosystem startup ecosystem in the world. It can be said that India is a future of great startups.

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