India is becoming the worlds fastest growing startup ecosystem with a total of 21 unicorn startups in India. In today's world Unicorn startups are not as uncommon as before. It does not mean that building a unicorn startup is easy. Oyo rooms is also an indian unicorn startup which has seen massive growth. Here we are going to discuss about Top 10 Unicorn Startups of India 2020.
Many startups are buying other startups to consolidate them. Young entrepreneurs are dominating the startup ecosystem in which most entrepreneurs are of the age bracket of fewer than 36 years. Maximum of the startups strive hard to reach the top valuable startups but few make it to the top. Most of the unicorn startups have a thing in common is that they have a simple solution to an existing problem.
What is a Unicorn startup?
Unicorn is a business term used to define a startup with a valuation of over $1 billion. The term was Coined by a venture capitalist and a seed investor Aileen Lee.
Top 10 Unicorn Startups of India 2020
There are over 21 unicorn startups in India valued at $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
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 rooms are one of the top unicorn travel startups in India. OYO is a travel startup in Gurgaon, founded by 21-year-old Ritesh Agarwal in 2013 and has become very popular recently. 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 Rooms start at a nominal price of Rs. 999. Besides bulk renting hotels, they have also invested in their own properties as well.
| 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 is a Bangalore based educational technology platform. It is one of the most valuable unicorn startup in India. It is an online tutoring and coaching firm that was started in the year 2011 and runs on a freemium model. It was launched by Byju Raveendran in 2011. It is used by more than 15 million students all over the world and has over 9,00,000 paid subscribers. Byju's has a current valuation of $8 billion dollars.
| 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.
| 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 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 |
StartupTalky
6. Zomato
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. Â 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.
| 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. Â BigBasket
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 |
10. Â Udaan
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 |
StartupTalky
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.
