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The term ‘unicorn’ is generally used in the venture capital industry. It refers to any privately held start-up company having a value over $1 billion. This term was coined by the Venture Capitalist Aileen Lee in 2013. Unicorn companies are rare and require innovation. Because of the sheer size of the unicorn companies, their investors are generally private investors or venture capitalists.
India is emerging as a hotspot for unicorn companies. In this article, we will discuss the top 10 unicorn companies in India to have a deeper understanding of their success.
Purplle is a well-known e-commerce startup which focuses on beauty-oriented products and devices. It was founded in 2011 by Manish Taneja and Rahul Dash in Mumbai. In 2022, this startup became India’s 102nd unicorn after raising $33 million in a Series E funding round, from the new as well as the already existing investors. Purplle’s brand ambassador is actress Sara Ali Khan.
Oxyzo is a unicorn which provides specialized financial solutions for SMEs and corporate clients. The company helps businesses in matters from obtaining raw materials to fulfilling the fiscal needs for the short term. Oxyzo’s distinct approach through its technology platform and digital application processes has helped in transparency and competitive charges.
The unicorn aims to transform the SMEs into large enterprises by offering credit solutions and other loans which are customized to help SMEs in increasing their operational efficiency and revenue and consequently their profit margins. At present, Oxyzo is serving over 5000 SMEs across India. It provides quick access to loans, low interest rates and collateral-free credit options.
Zepto is a leading grocery delivery platform in India which promises to deliver groceries to your doorsteps within 10 minutes. Due to its network of cloud stores and micro warehouses located in dense urban areas, Zepto delivers daily essentials in a quick manner. Zepto is further working on the rapid expansion of its cloud stores and staff to meet the rising demand for online grocery shopping which is estimated to reach $5 by 2025. It competes against established food delivery companies such as BigBasket, Swiggy and Grofers. Indian Cricketer Jasprit Bumrah is Zepto’s brand ambassador.
DealShare is an e-commerce company which has revolutionized online shopping by providing affordable online shopping options. It has a base of over 94 million customers and is at present, operating in over 94 Indian cities. The unicorn also supports local small to medium sized businesses and hires new talents to improve the shopping experience even further while enriching the lives of the Indians. DealShare commits to domestic growth and development of the country.
Razorpay is a FinTech startup based in Bengaluru, which was founded by Harshil Mathur and Shashank Kumar in 2013. The company raised about $375 Million in 2021 in its Series-F round with a valuation of $7.5 Billion. Razorpay was started as a payment gateway with a simple vision of helping every business to accept digital payments easily. Over the years, the unicorn has grown to enable payouts, credit & loans, business banking and payroll for various entities.
Paytm was founded in 2010 by Vijay Shekhar, under One97 Communications, when android phones had just become a part of a common man’s life in India. Gradually, it moved from a mobile top-up service to a bus/train ticket booking and bill payment system. Later, it transformed into a full-fledged payment system for businesses. PayTM is one of the most commonly-used apps for making payments in India.
Physics Wallah is an EdTech platform which aims to help students prepare for tough exams like NEET and JEE through live and interactive classes with experienced teachers. It provides comprehensive study materials to all the students so that they can understand all the concepts easily. The platform also conducts tests for these students on a regular basis which enables them to track their progress and experience a range of exam questions which are based on the latest patterns. Physic Wallah has allowed students to access educational resources easily so that they can ace their exams.
LeadSquared is a sales and solution and marketing automation platform with the aim of enhancing productivity and efficiency in different industries. It offers CRM solutions, which are industry-specific, to different fields such as healthcare, education, lending and so on. The CRM solutions help to reduce the lead turnaround time and assist businesses in managing, tracking and organizing their relationships with customers or clients. Leadsquared has helped in transforming sales processes and increased sales velocity. It is an innovative tool which has streamlined sales process and marketing operations for many industries effectively.
ElasticRun is a B2B e-commerce platform which assists many businesses, such as Amazon and Flipkart, in reaching the customers in distant rural areas with the help of its crowdsourced logistics network. This platform generates rich transaction data which allows financial institutions to bring in an abundance of rural stores as their SME customers. At present, ElasticRun’s widespread network connects businesses to over 10 millions small stores in rural areas.
XpressBees is an e-commerce platform which offers logistics solutions to its partners. It offers a comprehensive last-mile delivery, drop shopping, cross-border services, payment collection and more. XpressBees covers over 20,000 PIN codes throughout India and its services are connected to over 52 airports across the country. The company has partnered with major e-commerce companies such as Meesho, Paytm Mall and Snapdeal. XpressBees has a capacity of handling over 3 million shipments a day and has time and again shown its commitment to efficiency and customer satisfaction.
Unicorn companies are rare and require innovation. Generally, these companies witness rapid growth and attract significant investments from the private investors and venture capitalists. Want to achieve new business heights for your company? Get in touch with Registrationwala!
Disclaimer: This article is based on personal opinion and the unicorns listed below have not been ranked officially. The valuation of these unicorns have been mentioned as per the latest data available on the internet and are subject to change.
Hey there, I'm Dushyant Sharma. With the extensive knowledge I've gained in past 8 years, I have been creating content on various subjects such as banking, insurance, telecom, and all the important registration and licensing processes for various companies. I'm here to help everyone with my expertise in these areas through my articles.
