According to Hurun India Future Unicorn List 2021, in India, 32 startups will become unicorns in two years. Of them, CoinSwitch Kuber is the only crypto startup that is expected to become a unicorn. The majority of companies on the list comes from e-commerce, fintech, share economy, and SaaS. Eighteen startups are fintech.
India has more than 600 million internet users. It is expected to become 900 million by 2025. Hurun predicts that fintech companies that work in areas such as mobile payments, insurance, blockchain, stock trading and digital loans, will exploit the internet growth. The top 10 startups in the Hurun list are the following:
Sequoia supports the online retail store Zilingo. Started as an online B2B platform for small-time fashion merchants in 2015. It has so far gathered 310 million dollars as investments Started in 2018, the Bengaluru-based Mobile Premier League has 76 million users in India. It has secured 230 million dollars from major investors Sequoia Capital, Moore Strategic Ventures, SIG, Pegasus Tech Ventures.Rebel Foods, India’s first cloud kitchen startup. Started in 2010, its restaurant platform operates cloud kitchen startups Faasos, Behrouz Biryani, Oven Story.CureFitness startup entered into a 75 million-dollar agreement with Tata Digital in June 2021. It is supported by global investors Temasek, Accel Partners, Epiq Capital, Unilever Swiss.Started in Gurugram in 2015, pre-owned car platform Spinny currently operates in nine cities. It has so far gathered over 120 million US dollarsRateGain is a travel technology startup. A SaaS company from the hospitality and travel industry, it has filed the draft paper for the IPO to acquire fundsD2C personal care brand Mamaearth started as Honasa Consumer Private Limited in 2016. Mamaearth has received 73.6 million dollars from Sequoia Capital, Sofina, Fireside Ventures, Stellaris Venture and Kunal Bahl. Gurugram-based car sales platform CarDekho started as an IT outsourcing company in 2007 and later transformed into an online portal for car sales. It has so far collected 250 million dollars from Sequoia Capital, Ping An, Hillhouse Capital Group, Times Internet, and Ratan Tata.Singapore-based robotics startup GreyOrange started in 2009 and collected 70million dollars from Tiger Global, Blume Ventures, Peter Thiel, and Binny BansalGurugram-based digital payment application MobiKwik is another startup on the list. Started in 2009, it uses the best data analytics for digital credits uses. Video Text:
32 unicorn startups in 2 years
CoinSwitch Kuber, the only crypto startup
e-commerce, fintech, share economy, SaaS
18 startups are fintechs
over 600 million internet subscribers
To hit 900 million by 2025
More growth is expected for mobile payment, insurance, blockchain and fintech companies
Sequoia-backed online retail store Zilingo
Started as an online B2B platform in 2015
gathered 310 Mn dollar worth investment
MPL has 76 million users in India
Investors are Sequoia, Moore, SIG, Pegasus
Received 230 million dollars investment
Rebel Foods, the first cloud kitchen startup
Operates Faasos, Behrouz Biryani, Oven Story
CureFitness’ 75 million dollars worth deal with Tata Digital
Investors are Temasek, Accel Partners, Epiq Capital
Spinny operates in 9 cities now
Gathered over 120 million dollars
RateGain is a travel tech startup
Filed draft for IPO
Mamaearth is a personal care brand
Received 73.6 million dollars
CarDekho started as an IT outsourcing company in 2007
Changed as an online portal for car sales
Got 250 million dollars from investors including Ratan Tata
Singapore-based Robotics startup
Received 70 million dollars as investment
MobiKwik is a Gurugram-based digital payment app
Best data analytics for digital credit uses
