All Unicorns are Startups, but not all Startups are Unicorns. The Indian startup ecosystem has more than 35000 active privately-owned companies. But only 52 have succeeded to enter into the billion-dollar valuation club. Recently, 16 fresh companies have joined Paytm, BYJU, and others more on the list of unicorn startups in 2021.
Most of them are the firsts from different business sectors such as e-pharmacy, health tech, and social media platforms. Let us have a look at the top 5 from the list.
Full List Of Unicorn Startups 2021
Online insurance providing startup, Digit Insurance, grew up rapidly during the pandemic with more customers availing of e-insurance. The company also offers customized insurance services in sectors such as auto, travel, and many more.
The brainchild of Kamesh Goyal gained huge funding in external and internal rounds in 2020 from investors TVS capital and more. Digit Insurance is the first unicorn startup in 2021.
The Bengaluru-based popular social commerce platform raised $300 million through e-funding to become a unicorn. Meesho’s founder and CEO Vidit Aatrey envisaged the company as a single ecosystem to incorporate small businesses across the country in e-commerce.
Today, more than 13 million entrepreneurs are connected with this platform via social networks and serving customers pan India.
The Indian fintech company CRED succeeded in taking its total valuation to $2.2 billion in just one year. More than 5.9 million users are using their app-based services to pay their credit card bills and house rents. It pays a reward to the customers in return for making use of their services.
ShareChat is one of the widely used social media apps that offer video sharing, messaging, and entertainment services. It was developed by Mohalla Tech Pvt. Ltd in 2015 and currently has a million users across the country.
The content-sharing app offers services in 15 different languages to both Android and iOS users. ShareChat was already a great hit in Tier 1 regions and during the pandemic, it gained wide attention in Tier 2 and 3 regions as well. This has boosted the company’s revenue and helped to gain it a unicorn status.
After joining hands with online health care provider Medlife, PharmEasy became a unicorn startup in 2021. It offers a wide range of health and wellness services in more than 1000 locations across India.
PharmaEasy is the first e-pharmacy startup to reach this billion-dollar club. The company’s owners Dhaval Shah and Dharmil Shethwere are also listed in Forbes 30 under 30 list making their startup one of the most promising brands.
Other in the list of unicorn startups in India are:
6. Urban Company
10. Five Star
11. Black Buck
At this pace, India’s tally to the list of unicorn startups is expected to reach 100 by the year 2023 as per the reports of Inc42 Plus.