Indian Startups that have turned Unicorn in 2021 so far
In 2021 Startups that have turned Unicorn in so far.
There are total 12 startups that have turned into unicorn so far in year 2021, which is equal to unicorns of year 2020. Just 4 months have passed till now so, India got a great start this year.
What is Unicorn Startup ?
In terms of finance, “unicorn” is a term that describes a privately-owned Startup with a valuation of over $1 billion. This term was introduced by famous venture capital investor, Aileen Lee, in 2013 to identify rare tech startups that were valued more than $1 billion.
Let's take a look at 12 startups that turned unicorn:-
So we have divided each startup into 2 parts where first part is about company's Founding year, Founder, CEO, Industry type and Headquarters and in second part you can see description.
Digit Insurance:
Founded in :- 2017
Founder :- Kamesh Goyal
CEO :- Vijay Kumar
Industry type :- financial services industry
Headquarters :- Bengaluru
Description:-
Digit Insurance became the first unicorn for the year 2021, after raising $18 million from existing investors including A91 Partners, Faering Capital, and TVS Capita.
The company has raised three rounds of funding amounting :-
to $140 million from Canadian billionaire Prem Watsa’s Fairfax Financial Holdings, and
$84 million from three growth equity investors— A91 Partners, Faering Capital and TVS Capital.
Digit Insurance established in
2017 by Kamlesh Goyal and backed by Canada’s Fairfax Financial. Digit
Insurance leverages cloud and AI technology to settle claims digitally.
Cred:
Founded in :- 2018
Founder :- Kunal Shah
CEO :- Kunal Shah
Industry type :- Credit card financial services
Headquarters :- Bengaluru
Description :-
Here is the most famous startup CRED among all. Everybody is curious to know about the business model of cred. The Bengaluru-based fintech startup turned unicorn following the closure of its Series D funding at $215 million. The funding upped Cred’s valuation from $800 million to $2.2 billion. The round was led by Falcon Edge Capital, a new investor along with an existing investor, Coatue Management LLP. CRED allow its members-only credit card bill payment platform, allows users to pay off their credit cards on time and reward its members for that.
Innovaccer:
Founded in :- 2014
Founders :- Abhinav Shashank, Kanav Hasija, and Sandeep Gupta
CEO :- Abhinav Shashank
Industry type :- Health care
Headquarters :- San Francisco, California, US
Description :-
With the interest for available medical services expanding due to the pandemic, 2021 saw a wellbeing tech startup become a unicorn without precedent for India. Established by Abhinav Shashank, Kanav Hasija, and Sandeep Gupta, INNOVACCER raised an aggregate of $225 million from different financial backers including Tiger Global, M12 and Mubadala Capital.The Noida and San-Francisco-based startup examinations medical care information and gives noteworthy experiences to medical services suppliers, insurance agencies, emergency clinics and different associations and organizations.
Meesho:
Founded in :- 2015
Founders :- Vidit Aatrey, Sanjeev Barnwal
CEO :- Vidit Aatrey
Industry type :- Social commerce
Headquarters :- Bengaluru
Description :-
The Indian social trade scene saw a turning point this year as MEESHO entered the unicorn club after it brought USD 300 million up in its new subsidizing round drove by Japan's SoftBank Group Corp. Established by IIT-Delhi graduates Aatrey and Sanjeev Barnwal in 2015, MEESHO is as of now esteemed at $2.1 billion.
MEESHO empowers private companies and people to begin their online stores through friendly channels like WhatsApp, Facebook, Instagram. There are around 13 million business people on the stage, taking into account around 45 million clients the nation over.
Infra.Market:
Founded in :- 2016
Founders :- Aaditya Sharda and Souvik Sengupta
CEO :- Aaditya Sharda
Industry type :- B2B online procurement marketplace for real estate and construction materials
Headquarters :- Thane, Mumbai
Description :-
The technology firm, a one-stop commercial center for development material, entered the pined for unicorn club this year after it brought $100 million up in a Series C round drove by Tiger Global, alongside existing patrons Accel, Nexus Venture Partners and Sistema Asia.
The four-year-old startup took under 20 months to come to the $1 billion valuation since its seed financing from Accel Partners in June 2019.
Established by Souvik Sengupta and Aaditya Sharda, INFRA MARKET is an online stage that empowers development and framework organizations to get development materials at a reasonable, straightforward cost.
PharmEasy:
Founded in :- 2014
Founder :- Dharmil Sheth
CEO :- Dharmil Sheth
Industry type :- Health care
Headquarters :- Mumbai
Description :-
Programming interface Holdings, the parent organization of PHARMEASY brought $350 million up in its arrangement E financing to carry the organization's valuation to $1.5 billion, making it the primary Indian e-drug store unicorn.
Established in 2015 by Dharmil Sheth and Dr. Dhaval Shah, PHARMEASY gives a scope of administrations including medication conveyances and teleconsultation. The one-stop clinical stage interfaces more than 60,000 physical drug stores and 4,000 specialists across 16,000 postcodes the nation over.
Groww:
Founded in :- 2018
Founder :- Lalit Keshre
Read more on Groww: https://groww.in/blog/about-groww-founders-journey-investors-and-more/
Read more on Groww: https://groww.in/blog/about-groww-founders-journey-investors-and-more/
Read more on Groww: https://groww.in/blog/about-groww-founders-journey-investors-and-more/
Read more on Groww: https://groww.in/blog/about-groww-founders-journey-investors-and-more/
Read more on Groww: https://groww.in/blog/about-groww-founders-journey-investors-and-more/
Read more on Groww: https://groww.in/blog/about-groww-founders-journey-investors-and-more/
CEO :- Lalit Keshre
Industry type :- Finance and Insurance
Headquarters :- Bengaluru
Description :-
The internet exchanging stage, GROWW entered the unicorn club after its Series D subsidizing drove by Tiger Global, where it got $83 million. The subsidizing round additionally saw speculations from existing financial backers like Sequoia Capital India, Ribbit Capital, YC Continuity and Propel Venture Partners.
Groww, established by ex-Flipkart workers Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal in 2017, permits client to open a record and execute in common assets and stocks on the web. GROWW guarantees more than 1.5 crore enlisted clients across 900 urban communities on its foundation.
Sharechat and Moj:
Founded in :- 2015
Founder :- Ankush Sachdeva
CEO :- Ankush Sachdeva (Mohalla Tech)
Industry type :- Social networking and regional content platform
Headquarters :- Bengaluru
Description :-
The local online media and long range informal communication destinations, ShareChat and Moj turned into the 10th unicorns of the year after its parent organization, Mohalla Tech, raised $502 million financing from Tiger Global, Lightspeed, Twitter, Snap and different financial backers. This has taken the stage's valuation up to $2.1 billion.
ShareChat, established by Ankush Sachdeva, Bhanu Pratap Singh and Farid Ahsan, cases to have more than 160 million clients in India spread across Tier I and II urban communities. Short video stage MOJ, which was dispatched in June, a year ago, not long after the prohibition on Chinese applications by the Government, highlights 15-second 1-minute recordings across classes like moving, singing, parody, acting, aside from embellishments, emoji stickers and short recordings.
Mohalla Tech will utilize the new funding to develop its client base, improve stage security includes other than 'multiplying down on tech drives', according to the organization.
Gupshup:
Founded in :- 2004
Founder :- Beerud Sheth
CEO :- Beerud Sheth
Industry type :- Software
Headquarters :- San Francisco, California, US
Description :-
The Silicon settled discussion informing stage, GUPSHUP, turned into the 10th startup to turn unicorn this year after it raised $100 million from Tiger Global, bringing its valuation up to $1.4 billion.
Established by Beerud Sheth in 2004, the San Francisco-settled organization raised its last subsidizing of $10 million out of 2011.
The stage helps little and huge organizations across enterprises, going from banking to friendliness and web based business, draw in with their clients across verticals, for example, WhatsApp, SMS and web-based media.
ChargeBee:
Founded in :- 2010
Founder :- Krish Subramanian
CEO :- Krish Subramanian
Industry type :- SaaS product company
Headquarters :- Walnut, CA, US
Description :-
The San Francisco based Software as a Service (SaaS) startup brought $125 million up in a Series G round financing. This was co-driven by new financial backer Sapphire Ventures and existing financial backers Tiger Global and Insight Venture Partners alongside Steadview Capital.
The financing has taken ChargeBee's valuation up to $1.4 billion, significantly increasing its valuation from $500 million, in under a half year. This imbuement takes the complete capital raised by the organization to $230 million.
The charging and income the board startup which assists organizations with robotizing their memberships charging, receipt and installment, required ten years to arrive at the Unicorn status.
Urban Company:
Founded in :- 2014
Founders :- Abhiraj Singh Bhal, Varun Khaitan and Raghav Chandra
CEO :- Abhiraj Singh Bhal
Industry type :- Consumer services company
Headquarters :- Gurgaon, Haryana, India
Description :-
The furthest down the line organization to join the developing unicorn trend, home administrations startup Urban Company turned Unicorn after it brought $188-million up in a Series F financing round drove by Prosus Ventures (Naspers).
As indicated by reports, the most recent subsidizing likewise saw cooperation from Tiger Global by means of its finances Internet Fund V, while Wellington Management and DF Capital were different financial backers. The organization is presently esteemed at $2 billion.
The home administrations firm, which offers types of assistance like excellence and wellbeing, home fix and administrations, occasion and wedding administrations, individual administrations and leisure activities, works in 30 urban communities incorporating across India and in Abu Dhabi, Dubai, Riyadh, Sharjah, Singapore and Sydney.
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