Unicorn Startups List of India 2022 updated

Unicorn Startups List of India 2022

Unicorn Startups List of India 2022: India is home to one of the youngest populations in the world and the startups in the country growing rapidly.

India is one of the world’s fastest-growing startup ecosystems with more than 100 Unicorn Startups, as of the year 2022.

In this post, we are going to list the Unicorn startups of India and the date that became unicorns and their base location. So before that let’s know what is a unicorn startup.

What Is a Unicorn Startup?

The term unicorn startup or a unicorn company refers to a privately held startup business with a valuation of more than $1 billion.

The term unicorn is commonly used in the venture capital industry. It was first popularized by venture capitalist Aileen Lee.

Most unicorn startups are initially funded by institutional investors and venture capitalists, which means they are out of reach from retail investors. But most of them go public in the form of IPOs.

So here is the list of unicorn startup companies in India as of 2022.

List of Unicorn Startups in India 

NoCompanySectorEntry Valuation ($B)EntryBase LocationSelect Investors
1InMobiAdtech – Mobile Ads1Sep-2011Bangalore/SingaporeKPCB, Sherpalo Ventures, SoftBank
2FlipkartE-Commerce1Feb-2012Bangalore/SingaporeAccel, Tiger Global, Naspers, SoftBank, Tencent
3Mu SigmaSaaS – Analytics1Feb-2013Bangalore/ChicagoAccel, Sequoia Capital, General Atlantic
4SnapdealE-Commerce1.8Oct-2014DelhiKalaari Capital, Nexus Ventures, Bessemer, SoftBank, Alibaba
5PayTMFintech – Payments & Wallet1.7Feb-2015NoidaSaama Capital, Elevation Capital, Alibaba, Berkshire Hathway
6Ola CabsMobility – Ride Aggregator1.6Mar-2015BangaloreTiger Global, Matrix Partners, Steadview, SoftBank, Tencent
7QuikrMarketplace – Classifieds1Apr-2015BangaloreMatrix Partners, Omidyar Network, Norwest, Kinnevik, Steadview Capital
8ZomatoFoodtech1Sep-2015GurgaonInfo Edge, Sequoia Capital, Vy Capital, Alibaba, Steadview Capital
9ShopCluesE-Commerce1.1Jan-2016GurgaonNexus Ventures, Helion Ventures, Beenos, Tiger Global, Others
10HikeSocial Media – Messaging1.4Aug-2016DelhiTiger Global, Tencent, Foxconn
11BYJUSEdtech1Jan-2018BangaloreAarin Capital, Sequoia Capital, Lightspeed Ventures, Tencent, General Atlantic, Tiger Global
12PayTM MallE-Commerce1.9Apr-2018NoidaElevation Capital, Alibaba, SoftBank, eBay
13SwiggyFoodtech1.4Jun-2018BangaloreAccel, Elevation Capital, Norwest, Naspers, Tencent, Invesco
14PolicyBazaarFintech – Insurance1Jun-2018GurgaonInfo Edge, Intel, Inventus Capital, Tiger Global, SoftBank, Tencent, Steadview Capital
15FreshworksSaaS – CRM1.5Jul-2018Chennai/San MateoAccel, Tiger Global, Google, Sequoia Capital, Steadview Capital
16OYO RoomsProptech – Hotel Booking4.9Sep-2018GurgaonLightspeed Ventures, Sequoia Capital, SoftBank
17UdaanB2B E-Commerce1Sep-2018BangaloreLightspeed Ventures, DST Global, Tencent
18BillDeskFintech – B2B Payments1.6Nov-2018MumbaiSIDBI VC, TA Associates, General Atlantic
19DelhiveryLogistics Services1.6Jan-2019GurgaonNexus Ventures, Multiples PE, Tiger Global, Carlyle, SoftBank, Fosun Group, Steadview Capital
20RivigoLogistics Services – Trucks1.1Feb-2019GurgaonElevation Capital, Warburg Pincus
21BigBasketE-Commerce – Groceries1.1Mar-2019BangaloreAscent Capital, Helion Ventures, Bessemer, IFC, Alibaba
22Dream11Gaming1Apr-2019MumbaiKalaari Capital, Tencent, Multiples PE, Steadview, Alpha Wave Global
23Druva SoftwareSaaS – Data Management1Jun-2019Pune/SunnyvaleWestBridge, Nexus Ventures, Sequoia Capital
24IcertisSaaS – Contract Management1Jul-2019Pune/BellevueEight Roads, B Capital, PremjiInvest
25CitiusTechIT Services – Healthcare1.1Jul-2019Mumbai/PrincetonGeneral Atlantic, Baring Asia
26Ola ElectricMobility – Electric1.1Jul-2019BangaloreSoftBank, Tiger Global, Matrix Partners
27LenskartE-Commerce – Eyewear1.1Sep-2019DelhiSoftBank, Kedaara Capital, TPG, Chiratae Ventures, TR Capital
28Pine LabsFintech – PoS Payment Solutions1.6Jan-2020NoidaSequoia Capital India, New Atlantic Ventures, Altimeter Capital, Temasek, Mastercard
29NykaaE-Commerce – Personal Care & Cosmetics1.2Mar-2020MumbaiTechpro Ventures, TVS Capital, Sharrp Ventures, TPG Growth, Steadview Capital
30PostmanSaaS – API Development & Testing2Jun-2020Bangalore/San FranciscoNexus Ventures, Charles River Ventures, Insight Venture Partners
31UnacademyEdtech1.4Sep-2020BangaloreBlume Ventures, Nexus Venture Partners, Sequoia Capital India, Elevation Capital, General Atlantic, SoftBank, Steadview Capital
32RazorPayFintech – Payment Gateway1Oct-2020BangaloreMatrix Partners India, Tiger Global, Sequoia Capital India, DST Global
33Cars24Marketplace – Used Cars1Nov-2020GurgaonAsia Venture Group, Apoletto, Unbound, DST Global, Sequoia Capital India, Alpha Wave Global
34PhonePeFintech – Payments5.5Dec-2020BangaloreTiger Global, Tencent
35ZenotiSaaS – Salon & Spa Management1Dec-2020Hyderabad/BellevueAccel India, Norwest, Tiger Global, Steadview Capital, Advent International
36DailyhuntContent – News1Dec-2020BangaloreMatrix Partners India, Omidyar Network, Sequoia Capital India, Alpha Wave Global, CPPIB
37Glance InMobiContent – Lockscreen1Dec-2020Bangalore/SingaporeMithril Capital, Google
38DigitFintech – General Insurance1.9Jan-2021BangaloreFairfax Holdings, A91 Partners, Faering Capital, TVS Capital
39InnovaccerSaaS – Healthcare Data Analytics1.3Feb-2021Noida/San FranciscoWestBridge, Lightspeed Ventures, M12 (Microsoft), Tiger Global, Steadview Capital
40Infra.MarketB2B E-Commerce – Construction Materials1Feb-2021ThaneAccel India, Nexus Venture Partners, Tiger Global, Evolvence India
41Five Star Business FinanceNBFC1.4Mar-2021ChennaiMatrix Partners India, Sequoia Capital India, Norwest, Morgan Stanley, TPG Capital
42FirstCryE-Commerce – Baby Care Products1.7Mar-2021PuneChiratae Ventures, Elevation Capital, Vertex, SoftBank
43MeeshoE-Commerce – Social Commerce2.1Apr-2021BangaloreSequoia Capital India, Elevation Capital, SoftBank, Naspers
44CREDFintech – Payments & Credit Card Rewards2.2Apr-2021BangaloreSequoia Capital India, Ribbit Capital, DST Global, Alpha Wave Global
45PharmEasyE-Commerce – Online Pharmacy1.5Apr-2021MumbaiOrios VP, Eight Roads Ventures, Temasek, Naspers, Steadview Capital
46GrowwFintech – Brokerage & Mutual Funds1Apr-2021BangaloreSequoia Capital India, Y Combinator, Tiger Global, Ribbit Capital
47ShareChatSocial Media2.1Apr-2021BangaloreIndia Quotient, Elevation Capital, Lightspeed Ventures, Tiger Global, Twitter
48GupshupConversational Messaging1.4Apr-2021Mumbai/San FranciscoTiger Global, Charles River Ventures, Helion Ventures
49ChargeBeeSaaS – Subscription Billing Solution1.4Apr-2021Chennai/San FranciscoTiger Global, Steadview Capital, Sapphire Ventures, Accel India, Insight Venture Partners
50Urban CompanyMarketplace – Handyman Services2.1Apr-2021DelhiTiger Global, Steadview Capital, Accel India, Elevation Capital, Vy Capital, Prosus Ventures
51MoglixB2B E-Commerce – Industrial Equipment1May-2021Noida/SingaporeAccel India, Jungle Ventures, Tiger Global, Sequoia Capital India, IFC
52ZetaFintech – API – Banking Products1.4May-2021Bangalore/San FranciscoSoftBank, Mastercard
53BrowserStackSaaS – Software Testing4Jun-2021Mumbai/DublinAccel, Bond Capital, Insight Venture Partners
54BlackBuckLogistics Services1Jul-2021BangaloreAccel India, Sequoia Capital India, Sands Capital, IFC, Tiger Global
55DroomMarketplace – Used Cars1.2Jul-2021GurgaonBeenos Partners, Lightbox, Axis Capital Partners, Beenext
56OfBusinessNBFC – SME Loans1.5Jul-2021GurgaonSoftBank, Tiger Global, Matrix Partners India, Zodius Capital, Alpha Wave Global
57BharatPeFintech – Payments2.8Aug-2021DelhiBeenext, Sequoia Capital India, Tiger Global, Steadview Capital
58MindTickleSaaS – HR – Training1.2Aug-2021Bangalore/San FranciscoSoftBank, Accel India, Qualcomm Ventures, Norwest
59upGradEdtech – Higher Studies1.2Aug-2021MumbaiTemasek, IFC, Lupa Systems
60CoinDCXCryptocurrency Exchange1.1Aug-2021MumbaiB Capital, Coinbase Ventures, Polychain Capital
61EruditusEdtech – Executive Education3.2Aug-2021Mumbai/SingaporeSoftBank, Accel, Sequoia Capital India, Bertelsmann India Investments
62BlinkitE-Commerce – Groceries1Aug-2021GurgaonTiger Global, Sequoia Capital India, SoftBank, Apoletto, Zomato
63ZetwerkMarketplace – Manufacturing Services1Aug-2021BangaloreKae Capital, Sequoia Capital India, Accel India, Lightspeed Ventures, D1 Capital Partners
64Mobile Premier LeagueGaming2.3Sep-2021BangaloreSequoia Capital India, Beenext, Moore Strategic Ventures, RTP Global, VH Capital
65Apna.coMarketplace – Jobs1.1Sep-2021BangaloreSequoia Capital India, Lightspeed Ventures, Tiger Global, Insight Venture Partners
66VedantuEdtech1Sep-2021BangaloreAccel India, Tiger Global, Omidyar Network, WestBridge, ABC World Asia
67LiciousD2C – Meat1Oct-2021BangaloreMayfield, 3ONE4 Capital, Sistema Asia Fund, Bertelsmann India, Vertex, Multiples PE
68CoinSwitchCryptocurrency Exchange1.9Oct-2021BangaloreTiger Global, Sequoia Capital India, Ribbit Capital, Andreessen Horowitz, Coinbase Ventures
69Rebel FoodsFoodtech – Cloud Kitchen1.4Oct-2021MumbaiSequoia Capital India, Lightbox, Coatue Management, RTP Global, QIA, Evolvence India
70CardekhoMarketplace – Used Cars1.2Oct-2021JaipurSequoia Capital India, Hillhouse Capital, CapitalG, LeapFrog
71AckoFintech – General Insurance1.1Oct-2021BangaloreAccel India, Elevation Capital, Amazon, General Atlantic, Multiples PE
72MyGlammD2C – Personal Care1.2Nov-2021MumbaiAmazon, Ascent Capital, Bessemer, Accel India, Wipro Ventures, Kalaari Capital
73CureFitHealthtech – Wellness1.5Nov-2021BangaloreAccel India, Kalaari Capital, Chiratae Ventures, Zomato, Temasek, Endiya Partners
74Mensa BrandsAggregator – Consumer Brands1.2Nov-2021BangaloreTiger Global, Alpha Wave Global, Accel India, Norwest, Prosus Ventures
75NoBrokerProptech – Classifieds1Nov-2021BangaloreTiger Global, General Atlantic, Elevation Capital, Beenext, Moore Strategic Ventures
76SpinnyMarketplace – Used Cars1.5Nov-2021GurgaonTiger Global, Blume Ventures, General Catalyst Partners, Elevation Capital, Accel India
77UpstoxFintech – Brokerage3.4Nov-2021MumbaiTiger Global, Ratan Tata, Kalaari Capital
78SliceFintech – Credit Cards1Nov-2021BangaloreTiger Global, Blume Ventures, Das Capital, Simile Venture Partners, Gunosy Capital
79Pristyn CareHealthtech – Elective Surgery Services1.4Dec-2021GurgaonTiger Global, Sequoia Capital India, Hummingbird Ventures, Epiq Capital
80MamaearthD2C – Personal Care1.07Dec-2021GurgaonSequoia Capital India, Sofina, Sharrp Ventures, Fireside Ventures
81GlobalBeesAggregator – Consumer Brands1.1Dec-2021DelhiPremjiInvest, SoftBank Corp, TPG Capital, Steadview Capital
82FractalSaaS – Analytics1Jan-2022Mumbai/New YorkTPG Capital, TA Associates, Khazanah, Apax Partners
83LEAD SchoolEdtech1.1Jan-2022MumbaiGSV Ventures, WestBridge, Elevar Equity, TPG Growth
84DarwinBoxSaaS – HR1Jan-2022Hyderabad/Singapore3ONE4 Capital, Lightspeed Ventures, Sequoia Capital India, TCV, Endiya Partners
85DealShareE-Commerce – Social Commerce1.62Jan-2022JaipurWhiteboard Capital, Z3Partners, Alpha Wave Global, Matrix Partners India, Tiger Global
86PolygonWeb3 Infrastructure – Dapps10Feb-2022MumbaiCoinbase Ventures, Sequoia Capital India, Tiger Global, SoftBank
87ElasticRunLogistics Services1.4Feb-2022PuneSoftBank, Goldman Sachs, Prosus Ventures, Kalaari Capital, Avataar Venture Partners
88LivSpaceInterior Design – Modular Kitchens & Home Products1.2Feb-2022BangaloreKKR, Jungle Ventures, TPG Growth, Bessemer, Goldman Sachs
89XpressBees LogisticsLogistics Services1.2Feb-2022PuneInvestCorp Group, Norwest, Gaja Capital, TPG Growth, ChrysCapital
90Uniphore Software SystemsSaaS – Conversational Service Automation2.5Feb-2022Chennai/Palo AltoIron Pillar, March Capital, Chiratae Ventures, NEA
91HasuraSaaS – Programming Tools1Feb-2022BangaloreLightspeed Ventures, Nexus Venture Partners, Vertex, Strive VC
92CredAvenueMarketplace – Lending1.3Mar-2022ChennaiB Capital Group, Insight Venture Partners, Lightrock India, TVS Capital
93Amagi Media LabsSaaS – Local Ads Targeting1Mar-2022BangaloreAvataar Venture Partners, PremjiInvest, Accel India, Norwest
94Oxyzo Financial ServicesFintech – Marketplace – SME Lending1Mar-2022GurgaonAlpha Wave Global, Matrix Partners India, Tiger Global, Norwest
95Games24x7Gaming2.5Mar-2022MumbaiTiger Global, Malabar Investments, The Raine Group
96Open Financial TechnologiesFintech – Neo Bank1May-2022Karnataka3ONE4 Capital, Tiger Global, Temasek, Speedinvest
97PhysicsWallahEdtech1.1Jun-2022NoidaGSV Ventures, WestBridge
98PurplleE-Commerce – Personal Care & Cosmetics1.1Jun-2022MumbaiJSW Ventures, IvyCap Ventures, Blume Ventures, Kedaara Capital
99LeadsquaredSaaS – CRM1Jun-2022BangaloreStakeboat Capital, Gaja Capital, WestBridge
100OneCardFintech – Credit Cards1.3Jul-2022PuneQED Investors, Matrix Partners India, Sequoia Capital India

Key Points

  • Unicorn is the term used by venture capitalists to describe a startup company with a market valuation of more than $1 billion.
  • Venture capitalist Aileen Lee in the year 2013 first coined the word Unicorn for valuable startups.
  • Some popular unicorns include listed in the Indian stock market are Paytm, Zomato, Nykaa, and Delhivery.
  • There are 1000s of Unicorn startups across the world and in India, there are more than 100.

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