WHAT ARE UNICORN STARTUPS?
Unicorn status is a term 1st coined by speculator Aileen Lee in 2013. The term is utilized in the capital trade to explain a start-up company with a worth of over $1 billion. Some well-liked international unicorns are SpaceX, Robinhood, and Instacart.
KEY INGREDIENTS OF UNICORN STARTUP
- Make a simple solution to an existing problem.
- Build a strong and high market value proposition.
- Make a plan to have a clear vision for the future of the company and the products and services they offer.
- Unicorn companies have potential beta testers and customers
WHICH ARE THE SUCCESSFUL INDIAN STARTUPS WITH UNICORN STATUS?
In India, many companies attained unicorn start-ups from 2012 till today, Like,
- InMobi
- Flipkart
- Snapdeal
- Ola
- Paytm
- Zomato
- Shopclues
- Hike
- Byjus classes
- Oyo
- Dream 11
- Big Basket
- Uacademy
- CRED
- Urban company
- First cry
- Pharmeasy
- InMobi
- FOUNDER: Naveen Tewari, Mohit Saxena, Amit Gupta, and Abhay Singhal.
- BASED IN: Bangalore
- SECTOR: Mobile Ads
- VALUATION: $1billion
- ENTRY IN UNICORN STARTUP: 2011
- Flipkart
- FOUNDER: Sachin Bansal and Binny Bansal
- BASED IN: Bangalore
- SECTOR: E-commerce
- VALUATION: $1.5 Billion
- ENTRY IN UNICORN STARTUP: 2012
- Snapdeal
- BASED IN: Delhi
- SECTOR: E-commerce
- VALUATION: $24.9 Billion
- ENTRY IN UNICORN STARTUP: 2014
- Ola
- FOUNDER: Bhavesh Agrawal and Ankit Bhati
- BASED IN: Bangalore
- SECTOR: Ride-Hailing
- VALUATION: $6.7 Billion
- ENTRY IN UNICORN STARTUP: 2015
- Paytm
- BASED IN: Noida
- SECTOR: Payments
- VALUATION: $16 Billion
- ENTRY IN UNICORN STARTUP: 2015
- Zomato FOUNDER: Pankaj Chaddahand Deepinder Goyal
- BASED IN: Gurgaon
- SECTOR: FoodTech
- VALUATION: $5.4 Billion
- ENTRY IN UNICORN STARTUP: 2015
- Shopclues
- FOUNDER: Sanjay Sethi, Sandeep Aggarwal, and Radhika Aggarwal
- BASED IN: Gurgaon
- SECTOR: Sector
- VALUATION: $1.6 Billion
- ENTRY IN UNICORN STARTUP:2016
- Hike
- FOUNDER: Kavin Bharti Mittal
- BASED IN: Gurgaon
- SECTOR: Messaging
- VALUATION: $1.4 Billion
- ENTRY IN UNICORN STARTUP:2016
- Byjus classes
- FOUNDER: Byju Raveendran, Divya Gokulnath
- BASED IN: Bangalore
- SECTOR: EdTech
- VALUATION: $16.5 Billion
- ENTRY IN UNICORN STARTUP:2018
- Oyo
- FOUNDER: Ritesh Agrawal
- BASED IN: Gurgaon
- SECTOR: Budget Hotels
- VALUATION: $8.4 Billion
- ENTRY IN UNICORN STARTUP: 2018
- Dream 11
- Big Basket
- FOUNDER: Hari Menon; S. Sudhakar; Vipul Parekh; Abhinayss Choudhary; V.S. Ramesh
- BASED IN: Bangalore
- SECTOR: Groceries
- VALUATION: $2 Billion
- ENTRY IN UNICORN STARTUP:2019
- Uacademy
- FOUNDER: Roman Saini, Gaurav Munjal, Hemesh Singh
- BASED IN: Bangalore
- SECTOR: EdTech
- VALUATION: $1.9 Billion
- ENTRY IN UNICORN STARTUP: 2020
- CRED
- FOUNDER: Kunal Shah
- BASED IN: Mumbai
- SECTOR: Payments – Credit Card Rewards
- VALUATION: $2.2 Billion
- ENTRY IN UNICORN STARTUP: 2021
- Urban company
- FOUNDER: Abhiraj Bahl, Raghav Chandra, and Varun Khaitan
- BASED IN: Delhi
- SECTOR: Marketplace – Handyman Services
- VALUATION: $2.1 Billion
- ENTRY IN UNICORN STARTUP:2021
- First cry
- FOUNDER: Supam Maheshwari and Amitava Saha
- BASED IN: Delhi
- SECTOR: E-commerce
- VALUATION: $2.1 Billion
- ENTRY IN UNICORN STARTUP: 2021
- Pharmeasy
- FOUNDER: Dharmil Sheth and Dhaval Shah
- BASED IN: Mumbai
- SECTOR: E-pharmacies
- VALUATION: $1.8 Billion
- ENTRY IN UNICORN STARTUP: 2021
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