India is becoming the world’s fastest-growing startup ecosystem with many unicorn start-ups as of 2022. Unicorn start-ups are not as uncommon as before, it is known to everyone, however, building a unicorn start-up is not so easy as it takes a lot of hard work, commitment, and perseverance throughout the start-up’s journey to climb the ladder of unicorns.
Here are some of the Unicorn StartUps in India are:
1. DealShare:
Image Source: Tech Story
It is an Indian social commerce section that is a self-assured business that grows at a compound annual growth rate of 55%-60% to reach $16 Bn-$20 Bn gross merchandise value (GMV) by 2025. DealShare is a social E-commerce marketplace. It enables first-time internet users to shop online, targeting the middle-class population. The startup sells grocery and household essential products through social media and messenger platforms like WhatsApp. In 2022 DealShare entered the unicorn club with $1.62 Bn of valuation. It uses two ways to bring down the cost of essential products for the mass market segment directly sourcing household items of lesser-known brands and selling products via community sales. With the current round, DealShare has raised around $330 Mn to date.
2. Meesho:
Image Source: Tech Story
It is another popular Indian social E-commerce company and it was founded in 2015 by batch mates. One of the biggest milestones of the segment has to be Meesho’s entry into the unicorn club, which will have an overall impact on the segment and its growth momentum. Meesho runs a successful operation that frees entrepreneurs to start a business without investing money. The company has its headquarters in Bengaluru Karnataka, while it became a Unicorn company because it helps small and medium businesses or even individuals to start their online stores through social media apps like Facebook, Instagram, and WhatsApp. Meesho also competes with other younger companies GlowRoad, Dealshare, CityMall, and Bulbul, who too have a lengthy list of investors backing them. It is admired by the people as it allows them to sell their products without investments and anyone can start their own business easily without investing money.
3. BharatPe:
Image Source: Reuters
It is a platform that encourages the digital payment method via QR and POS or you can say a payment app. BharatPe is a financial services platform that handles payments using UPI and point-of-sale (POS) terminals and provides businesses with credit or loans. It is not a government company but a private limited company that goes by the name, Resilient Innovations Private Limited. The co-founder of BharatPe is Ashneer Grover, who was recently involved in a telephone controversy in which he was accused of abusing a Kotak employee, he is also associated lately with a financial fraud concerning BharatPe along with his wife Madhuri and five others, the investigation of which is continuing, as per reports dated January 29, 2022. Ashneer is currently observing a mandatory leave of absence, as mentioned last by the company and its Board. Grover might not see his place back and is likely to get fired.
4. BYJU’S:
Image Source: Tech Story
It is a Bangalore-based educational platform and is an online tutorial and coaching firm that started in 2011 and runs on a freemium model. Launched by Byju’s Raveendran, BYJU’S is used by more than 15 million students all over the world and has over 900,000 paid subscribers. BYJU’S Current valuation has reached 16.5 Billion USD. This educational platform provides highly adaptive, engaging, and effective learning solutions to millions of students around the world. BYJU’S mission is to make high-quality learning accessible to students everywhere. It delivers a world-class learning experience with tools that sit at the cross-section of mobile, interactive content, and personalized learning methodologies. BYJU’S geography-agnostic solutions and 12,000+ teachers make learning engaging, with visual and contextual programs that adapt to the unique learning style, skill level, and pace of each student. It has innovative partnerships with some of the world’s leading companies, including Disney and Google, to drive engagement and help even more students become active and lifelong learners. BYJU’S is headquartered in India, with operations in more than 21 countries globally and learning programs in multiple languages.
5. Grofers:
Image Source: Youtube
Grofers or you can say Blinkit, is an Indian online supermarket that helps in the home delivery of food, grocery products, and essentials. It started with groceries and gradually expanded to a whole list of categories that includes beauty products, household care, baby care, and more. Grofers was founded in 2013 and is now a unicorn with a $120 million fundraising round from the food aggregator, Zomato. This pp includes the mobile application to order groceries and essentials online. Through this app, the customers can receive their ordered items within 10 to 15 minutes at their doors. Blinkit currently operates in more than 30 cities in India. Blinkit or Grofers is getting popular and admired by customers all over the country. Grofers changed its brand name to Blinkit in line with its vision to embrace quick commerce.
That’s all for this blog we hope you like it! Talking about startups we are also a part of the startup ecosystem and we wish that #Darooon tops the list amongst one of the best unicorn startups in India! Do share your thoughts if we missed out on something and as always #StayDarooon.