Also, just for your information, a Unicorn startup is a startup company worth more than $ 1 Billion and similarly, a Decacorn is a startup worth more than $ 10 Billions.
It seems that it’s raining Unicorns for India in 2021. Even in times of Covid-19, Indian startup companies have been raising huge funding rounds. According to various research firms, India is expected to have at least 50 Unicorn startups by the end of 2021.
Most of these startup companies are from HealthTech, EdTech and FinTech Space, these are the sectors that have been most vital during the Covid-19 pandemic.
These are the Latest Indian Unicorn Startups 2021:
| Unicorn Name | Sector |
|---|---|
| Chargebee | FinTech |
| Moglix | Business E-Commerce |
| Urban Company | Home Services |
| GupShup | Messaging Service |
| Groww | FinTech |
| ShareChat | Social Media |
| Meesho | Social Ecommerce |
| Cred | Fintech |
| PharmEasy | HealthTech |
| Digit | Insurance |
| Innovaccer | HealthTech |
| Infra.Market | Business E-Commerce |
| Five Star Business Finance Limited | Financial Services |
Now, let’s read about these Latest Indian Unicorn Startups 2021 in detail:
- Moblix Claims Unicorn Status
- Urban Company Enters Unicorn Club
- Chargebee Payments Startup
- What is Gupshup app?
- Groww app for stocks
- Share Chat | Made in India Social Media app
- Meesho, India's larsgest reselling App
- What is Cred App?
- PharmEasy – Your online pharmacy
- Digit Insurance
- Innovaccer
- Infra.Market
- Five Star Business Finance Limited
- FAQ's
Moblix Claims Unicorn Status
Moglix online shopping platform which is B2B E-Commerce platform is now a Unicorn with $1 Billion. Moglix entered the unicorn club after raising $ 120 million in its Series E round of funding.
About Moglix: Mogilx is a Business to Business Commerce platform for procuring industrial goods, services and even space. It even provides services for the financing of the supply chain, packaging and even software.
The company was founded 6 years ago by Rahul Garg. The company counts the various large scale and small scale companies as their customers. Moglix claims to have 150,000 clients and has 3000 manufacturing units /plants in India, Singapore, UK and UAE.
Urban Company Enters Unicorn Club
Urban Company Enters Unicorn Club with a valuation of $ 2 billion after raising a new Funding Round of $ 190 Million Dollars.
Urban company enters Unicorn club on April 27, 2021, with a big valuation of $ 2 Billion after raising fresh funds of $ 190 Million Dollars from investment firm Prosus (previously called Naspers). Previously Urban company raised funding from Tiger Global, Steadview and VY Capital.
Prosus led the Series F round with Rs 464.53 crore or $61.93 million. While the other two new investors: DF International and Wellington Management have poured in $36.86 million and $33.2 million or respectively.
The investment is a Series F round of $61.93 million or Rs 464.53 crore from main investors as Prosus. And $36.86 million and $33.2 million from two new investors including DF International and Wellington Management. After the funding, the Urban company is worth an estimated value of $ 2 billion.
Chargebee Payments Startup
ChargeBee which is Saas startup for managing billing and revenue operations, is became a Unicorn worth $ 1.4 Billion after raising $ 55 Millions.
ChargeBee offers the Saas for managing billing and revenue operations through their subscription-based model. Their major competitors in India are Zoho, Zuora, Chargify and Aria Systems.
What is Gupshup app?
GupShup is one of the latest entry to the startup Unicorn club. GupShup is the 10th startup to enter the unicorn club with a valuation of $ 1.4 Billion, after receiving a $ 100 Million funding from Tiger Global.
About GupShup: GupShup is as its name suggests, a tech startup in the field of conversational messaging. GupShup helps other businesses by building tools that help them to reach out to their customers in a better way using effective messaging techniques, thus creating a better customer experience.
GupShup is confounded by an IITian Beerud Sheth, and houses their headquarter in Silicon Valley. GupShup, reportedly has more than 100,000 Businesses and standalone developers using the GupShup API.
Groww app for stocks
Groww is Bengaluru Based investment platform, and has entered the Unicorn club after raising $83 Million from Tiger Global in its series D round of funding.
About Groww: Groww began as an online mutual fund investment app by four of the ex – Flipkart employees in 2017. Along with mutual funds, Groww also provides investments directly through stocks, ETFs, IPO and even Gold investments through their Apps and website.
Share Chat | Made in India Social Media app
Mohalla Tech which is the parent company of ShareChat and short video app Moj entered the unicorn club with a big investment worth $ 502 Million from Tiger Global and Lightspeed Ventures and is now valued at a whopping $ 2.1 Billion.
Reportedly, ShareChat will use the latest funds to further grow its Moj application and also improving their tech.
Meesho, India’s larsgest reselling App
Meesho, which is India’s biggest reselling platform has risen to the valuation of $ 2.1 Billion after raising funds worth $300 Million, thus entering the unicorn club. The funding was led by the SoftBank Vision Fund.
Meesho is a Bangalore based social commerce startup and helps small and mini scale local businesses to sell their products through social sharing.
What is Cred App?
CRED, which is essentially a FinTech company is now a Unicorn startup just after 3 years of starting up. Cred is now worth $2.2 Billion after raising Series D funding of $ 215 Million from Falcon Edge Capital.
CRED was founded by Kunal Shah, a serial entrepreneur in 2017 as a credit card payment app. Prior to cred Kunal also founded the online payment and recharge app FreeCharge.
PharmEasy – Your online pharmacy
API holdings which is the parent company of PharmEasy have raised $ 315 Million from TPG Growth and Prosus Ventures have attained a valuation of $ 1.5 Billion making it a unicorn.
About the company: PharmEasy sells medicines online from 60,000 pharmacies and also connect more than 4000 doctors to their customers. PharmEasy also provides software services to pharmacies.
Digit Insurance
Digit insurance was the first to enter the Unicorn club in 2021 with a valuation of $1.9 Billion Dollars. The company was started in 2016 and it seems to be at a really fast pace of growth.
Innovaccer
Innovaccer has entered the unicorn club after raising an estimates $ 105 Million from Tiger Global and is now valued at $ 1.3 $ Billion.
About Innovaccer: Innovacer is a San Francisco and Noida based health Tech unicorn founded in 2014.
Infra.Market
Infra.Market is an online store, essentially a B2B marketplace for products related to construction, cement etc, it was started in 2016.
Infra.Market has gained unicorn status after raising $ 100 million from Tiger Global and attaining a valuation of $ 1 Billion.
Five Star Business Finance Limited
Five Star Business Finance Limited works a Non Banking Financial service provider, it provides loan to small businesses.
Five Star Business Finance Limited has raised $ 234 million investment from Norwest Venture Partners, KKR and TVS Capital. And the startup is now valued at $ 1.4 Billion.
FAQ’s
Glance, a subsidiary of InMobi, became India’s fastest Unicorn startup by achieving Unicorn status in less than 2 years after starting up in 2019.
The latest Indian Unicorn Startup in 2021 is Moglix.
The USA has the most number of unicorn startups in the world with China at 2nd and India at 3rd position.
Yes, Zerodha which is a bootstrapped startup, entered the Unicorn Club in June 2020 and is now valued at more than 3 Billion Dollars
The USA has the most number of startups in the world with China at 2nd and India at 3rd position.
You Might Like This :