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Oct 437 min read

List of unicorns in India 2024

Updated: Oct 14



  1. Krutrim

Krutrim is an AI-first cloud infrastructure and India’s first AI chip provider. It is a B2B startup in the Generative AI space, founded in 2023. It became a unicorn in 2024, with a valuation of $1 billion. The company is private and was founded by Bhavish Aggarwal.


  1. BrowserStack

BrowserStack is cloud-based software testing platform which allows developers and testers to test their websites and mobile applications across various browsers, operating systems, and devices. Trusted by millions of users globally, BrowserStack offers a seamless, scalable infrastructure for running manual and automated tests without the need for any on-premise setups. It enables continuous integration with popular tools like Jenkins, Jira, and GitHub, which aims in reducing testing time.


It is a B2C cloud infrastructure startup that was founded in 2011 and achieved unicorn status in 2021. With a valuation of $4 billion, the company reported a profit of $12.5 million in FY22. It has made three acquisitions and remains a private company. The founders are Ritesh Arora and Nakul Aggarwal.


  1. OYO

Oyo is the world’s leading chain of hotels and homes. Their aim was to provide the safe, clean stays at affordable price. Started in year 2013 by Ritesh Agrawal, today they expanded in 35+ countries including Indonesia, Malaysia, Denmark, US, UK etc. More than 1.7lac hotels and homes are listed on the platform. 


OYO a B2C travel tech company focused on hospitality. It became a unicorn in 2018 and is valued at $10 billion. OYO has made eight acquisitions and is IPO-bound despite a loss of $263 million in FY22.


  1. Makemytrip

MakeMyTrip is a pioneer in India’s online travel space. Founded by Deep Kalra in the year 2000, MakeMyTrip began its journey by serving the US-India travel market with best-value products & services, powered by robust technology and round-the-clock customer support.

It became a unicorn in 2010.


  1. OLA

Ola is India’s largest mobility platform and one of the world’s largest ride-hailing companies, serving 250+ cities across India, Australia, New Zealand, and the UK. The Ola app offers mobility solutions by connecting customers to drivers and a wide range of vehicles across bikes, auto-rickshaws, metered taxis, and cabs, enabling convenience and transparency for hundreds of millions of consumers and over 1.5 million driver-partners.


OLA,a B2C transport marketplace, was founded in 2010 and reached unicorn status in 2015. With a current valuation of $7.4 billion, OLA has made eight acquisitions and is IPO-bound. The co-founders are Bhavish Aggarwal and Ankit Bhati.


  1. Rapido

Rapido is a bike, auto &  taxi service that offers fast and affordable rides in urban areas. With a focus on convenience, it allows users to book rides easily through its mobile app. It is a B2C transport marketplace. It became a unicorn in 2024 with a valuation of $1 billion. The company reported a loss of $52.4 million in FY22 and has made two acquisitions.


  1. OLA Electric

Ola is the largest integrated and automated E2W manufacturing plant in India, spread across 400+ acres* in Krishanagiri, Tamil Nadu. They operate R&D facilities across India, UK and US including the Battery Innovation Centre where they are developing industry leading cell and battery technology.

Ola electric started with the vision of making India the global epicentre of EV revolution. Ola Electric is a B2C automotive startup focused on manufacturing, founded in 2017. It became a unicorn in 2019 and is valued at $5 billion. The company has made one acquisition.


  1. Zetwork

Zetwerk is a manufacturing and supply chain platform that connects businesses with manufacturers for custom manufacturing solutions, streamlining the sourcing process related to transportation, industrial machinery, electronic goods etc.. It is transforming the world of traditional manufacturing by helping customers reduce costs, optimize suppliers and execute production faster. It is a B2B contract manufacturing marketplace, founded in 2018. It reached unicorn status in 2021 with a valuation of $2.7 billion. The company reported a loss of $10.4 million in FY22 and has made four acquisitions.


  1. Ofbusiness

India's Largest B2B Raw Materials Procurement & Credit Platform. Till date they have empowered they have empowered 1million+ SMEs, have 500k+ orders delivered. It is is a B2B company dealing with building materials. It achieved unicorn status in 2021 with a valuation of $4.8 billion and reported a profit of $34.4 million in FY22. The company has made one acquisition.


  1. Blackbuck

BlackBuck is India’s largest trucking platform and a pioneer in bringing offline operations of trucking, online. With over 30 % of India’s truckers transacting on the platform, Blackbuck gathers huge data in terms of demand, preferred lanes, price etc.  over 1 million truckers across 1 lakh villages transact on our platform. BlackBuck is a logistics startup in the B2C space, founded in 2015. It became a unicorn in 2021 with a valuation of $1.02 billion. The company reported a loss of $35 million in FY22.


  1. Porter

Porter is a logistics company that connects users with transportation services through its app, facilitating intercity and intracity deliveries for goods and services. As the fastest-growing player in last-mile logistics, we've expanded our presence domestically and internationally across numerous cities. Our fleet size boasts over 7.5 million dedicated driver partners, serving a loyal base exceeding 15 million customers. They are available in 20+ cities served 1 crore+ customers partners. 


  1. Shiprocket

Shiprocket started as an e-commerce logistics platform that provides a comprehensive shipping solution for online retailers. It offers streamlined shipping services, including delivery and tracking. Today they expanded their product offerings.


It is a B2B logistics platform founded in 2017 by Saahil Goel and Gautam Kapoor, achieved unicorn status in 2022 with a valuation of $1.3 billion. Despite reporting a revenue of -$11.67 million, the company has completed five funding rounds, cementing its position as a private logistics leader in India.


  1. Rivigo

Rivigo is the part of Mahindra Logistics, India’s leading integrated logistics services provider. They call themselves as an express logistics service provider with a mission to revolutionise goods mobility and bring down the overall logistics cost in India. Today they are delivering to 19,000+ pin codes across India. The company operates in the B2B space and quickly scaled its operations within five years. By 2019, Rivigo had attained unicorn status, reaching a valuation of $1.05 billion despite reporting a loss of $21 million. Rivigo remains privately held, with Deepak Garg and Gazal Kalra at its helm, driving innovation in the logistics sector.


  1. ElasticRun

ElasticRun is a B2B eCommerce platform for rural India, opening up newer possibilities for brands to make their products available to rural consumers. ElasticRun extends the reach of the brand's direct distribution networks to deep rural markets. It enables access to a set of net new stores and customers for the brands, which were not accessible through the traditional distribution networks.

In 2022, the company achieved unicorn status with a valuation of $1.5 billion, despite reporting a loss of $45.1 million. Operating in the B2B space, ElasticRun remains privately held, with the founding trio continuing to lead the company’s efforts in revolutionizing e-commerce logistics.


  1. Xpressbees

Xpressbees is a logistics service provider that offers end-to-end delivery solutions for e-commerce companies, ensuring timely and efficient parcel delivery. Their warehouse facilities is available across 40+ cities. By 2022, the company achieved unicorn status with a valuation of $1.2 billion, despite recording a loss of $3.39 million. Operating in the B2B space.


  1. Delhivery

Delhivery is a logistics service provider that offers end-to-end delivery solutions for e-commerce companies, ensuring timely and efficient parcel delivery. Till date they have shipped 2.8bn+ since 2011, servered 33k+ businesses. By 2019, the company achieved a valuation of $3.27 billion, despite incurring losses of $128 million. Operating primarily in the B2B sector, Delhivery went public and is now listed, with the founding team playing a pivotal role in its expansion and success within the e-commerce logistics industry.


  1. CoinSwitch Kuber

CoinSwitch Kuber is a cryptocurrency exchange platform that enables users to buy, sell, and trade various cryptocurrencies in India, promoting easy access to digital assets. CoinSwitch is India's largest crypto platform with 2 Crore+ registered users.


CoinSwitch, a fintech company operating in the cryptocurrency exchange space, was founded in 2017 by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari. By 2021, the company reached a valuation of $1.9 billion. Focused on serving B2C customers, CoinSwitch remains a private company.


  1. CoinDCX

CoinDCX is a cryptocurrency exchange CoinDCX, a fintech company founded in 2018 by Neeraj Khandelwal and Sumit Gupta. By 2021, the company reached a valuation of $2.15 billion, with reported losses of $5.1 million. Focused on B2C services, that offers a wide range of cryptocurrencies for trading, providing users with a secure platform to invest in digital assets with 500+ crypto assets and 1.5 crore + registered users.


  1. Polygon (Formerly Matic Network)

Polygon, formerly known as Matic Network, is a fintech company operating in the blockchain sector. Founded in 2018 by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun, the company achieved a valuation of $10 billion by 2021. Focused on providing B2C services. It is a Layer 2 scaling solution for Ethereum that enhances the speed and reduces the cost of transactions on the Ethereum blockchain, promoting decentralized applications (dApps) building aggregated blockchains.


  1. CRED

CRED is a financial technology platform that rewards users for paying their credit card bills on time, promoting responsible financial behaviour among consumers. Manage your credit cards better and improve your credit score. 


  1. Paytm

Paytm is a fintech company specialising in payments, founded in 2010 by Vijay Shekhar Sharma. Paytm is the India’s leading payments app with more than 20 Million merchants & businesses which are powered by Paytm to accept payments digitally. They used to pay bills, do recharges but today they expanded themselves to the financial services. In 2015, the company had reached a valuation of $16 billion, despite reporting losses of $214 million. Paytm operates in the B2C space and went public with a listing, with Vijay Shekhar Sharma continuing to lead the company.


  1. 5ire

Empowering developers to build dApps that merge blockchain with real-world impact. 5ire is a fintech company founded in 2021 by Pratik Gauri and Prateek Dwivedi. By 2022, the company achieved a valuation of $1.5 billion and operates as a private entity.


  1. Onecard

OneCard is a digital banking solution that provides users with a credit card linked to their bank accounts, promoting responsible spending and financial management. OneCard is a fintech company founded in 2018 by Anurag Sinha, Vibhav Hathi, Rupesh Kumar, and Abhijeet Patil. By 2022, the company reached a valuation of $1.4 billion with reported losses of $22.8 million. Operating as a private company, it serves the B2C market with innovative financial solutions.

They partnered with the financial institutions including Federal bank, SBM bank, CSB bank, Bobcard, Indian bank, South Indian bank. They call themselves as the India's best metal credit card. Their USP is no joining Fees, no annual fees & no rewards redemption fees.


  1. Open

Open is a neobanking platform designed for small businesses, offering a range of financial services that simplify banking and accounting processes. Founded in 2017 by Anish Achuthan, Mabel Chacko, Ajeesh Achuthan, and Deena Jacob. By 2022, the company achieved a valuation of $1 billion with reported losses of $20.9 million.


  1. Yubi

Yubi is a fintech platform that connects businesses with multiple lenders to facilitate efficient debt financing through a technology-driven approach. Yubi, formerly known as CredAvenue, is a fintech company founded in 2017 by Gaurav Kumar. By 2022, the company reached a valuation of $1.5 billion with reported losses of $7 million.Till date they facilitated credit worth of 1.4 lac crore+ with 17k+ active enterprises active on the platform with more than 6k+ investors. 


  1. Oxyzo

Oxyzo is a financial services platform that provides customised Financial Solutions For All Your Business needs to small and medium enterprises (SMEs), helping them manage cash flow effectively. More than 50,000+ crore has been disbursed till date and it is available in 145+ braches across India. Founded in 2016 by Asish Mohapatra and Ruchi Kalra. By 2022, it achieved a valuation of $1 billion with profits of $8.6 million.


  1. Mobikwik

MobiKwik is India's leading FinTech platform, offering a wide range of financial products for both consumers and merchants, including payments, digital credit, and investments. More than 15 crore users are registered on platform with 4 million+ partners. Founded in 2009 by Bipin Preet Singh and Upasana Taku. By 2021, it reached a valuation of unicorn with a loss of $16 million. 


  1. BharatPe

BharatPe is a fintech company that provides payment solutions for small merchants, enabling them to accept digital payments and access credit facilities. Founded in 2018 by Ashneer Grover and Shashvat Nakrani. By 2021, the company reached a valuation of $2.9 billion, despite incurring losses of $702 million. BharatPe operates in the B2C space


  1. Upstox

Upstox is an online trading app for Demat Account, Share Market, MF, IPO with 1cr+ customers. Founded in 2010 by Ravi Kumar, Shrini Viswanath, and Kavitha Subramanian. By 2021, the company reached a valuation of $3.4 billion, despite reporting losses of $55.5 million. Upstox operates in the B2C space.


  1. Slice

Slice started as a fintech platform that offers a unique credit card experience, allowing users to manage their expenses and pay later with flexibility. With RBI guidelines they changed themselves to an app that brings a fast and simple way to make payments and access credit with its cornerstone products: slice account, slice UPI, and slice borrow.


  1. Groww

Groww is an investment platform and India’s India’s No.1 Stock Broker based on active clients user data as per NSE as on 30 June 2024, and is the largest distributor of Mutual Funds SIPs. It was founded in 2017 by Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh.


  1. Zeta

Zeta is a provider of next-gen credit card processing platform. Zeta’s cloud-native and fully API-enabled stack offers a comprehensive range of capabilities, including processing, issuing, lending, core banking, fraud detection, and loyalty programs. It is a fintech company operating in the B2C segment, founded in 2015 by Bhavin Turakhia and Ramki Gaddipati. By 2021, Zeta reached a valuation of $1.5 billion.


  1. Razorpay

Razorpay is India’s first full-stack financial solutions company. We are on a mission to enhance the payment experience of over 300 million end consumers. The Razorpay Product Suite today comprises verticals, along with Payment Gateway, like Payment Links, Payment Pages, Subscriptions, Smart Collect, Route, Razorpay Capital, RazorpayX, Payroll and Thirdwatch.


  1. Phonepe

PhonePe is a fintech company in the B2C segment, founded in 2015 by Sameer Nigam, Rahul Chari, and Burzin Engineer. In 2020 it reached the valuation of $12 billion.

It is India’s largest payments app, enabling digital inclusion for consumers and merchants alike. With 48 crore (480 Million) with 3.6 crore (36 Million) offline merchants.


  1. Pine Labs

Pine Labs is a fintech company in the B2B segment, founded in 1998 by Lokvir Kapoor. By 2020, the company reached a valuation of $5 billion. It is a merchant platform company that provides financing and last-mile retail transaction technology to merchants. Enriching commerce across the globe, the Pine Labs platform powers multichannel businesses offline, in-store and beyond. 


  1. Highradius

HighRadius is a fintech company established in 2006 by Sashi Narahari. By 2020, it achieved a valuation of $3.1 billion and continues to operate as a privately held entity. It provides autonomous software which are data-driven softwares that continuously morphs its behaviour to the ever-changing underlying domain transactional data. It brings modern digital transformation capabilities like AI, Robotic Process Automation, Natural Language Processing and Connected Workspaces as out-of-the-box features for the finance & accounting domain.


  1. Billdesk

Billdesk is a fintech company founded in 2000 by M.N. Srinivasu, Ajay Kaushal, and Karthik Ganapathy. By 2018, the company reached a valuation of $2 billion.


BillDesk is a digital payment and digital commerce provider. BillDesk technology and integrated solutions are making digital payments easy and accessible to merchants, financial institutions and governments. With over 100 Mn API calls per day and 3 Bn payments aggregating over USD 90 Bn, BillDesk platform stands ahead with robustness and service dependability.


  1. Five Star Business Finance

Five Star Business Finance is a fintech company established in 1984 by D. Lakshmipathy. By 2021, the company achieved a valuation of $1.4 billion and is listed on the stock exchange.

Five Star have been working as a specialized financial services company in addressing the needs of unbanked segment, funding the people who were perceived to be unfundable. Their customers include all the way from small Shop owners, flower vendors, maids, masons to small and medium enterprises that form the backbone of India’s economy.

They are a registered Non Banking Finance Company (NBFC-ND-SI) with the Reserve Bank of India (RBI).


  1. Chargebee

Chargebee is a fintech company founded in 2011 by Krish Subramanian and Rajaraman Santhanam. In 2021, it reached a valuation of $3.5 billion.

Chargebee is the leading Revenue Growth Management (RGM) platform for subscription businesses. With mission to help businesses of all sizes to grow their revenue by providing a comprehensive suite of solutions, including subscription management and recurring billing, pricing and payment optimization, revenue recognition, collections, and customer retention.


  1. zerodha

Zerodha is an Indian financial services company (member of NSE, BSE, MCX) that offers brokerage-free equity investments, retail, institutional broking, currencies, and commodities trading. Founded in 2010, the company is headquartered in Bangalore and has a presence in nine Indian cities. It is also an official member of NSE's consultative committee for growing business. It specialize in investments and stockbroking, established by Nithin Kamath and Nikhil Kamath. By 2020, it achieved a valuation of $2 billion


  1. Perfios

Perfios is a financial technology platform that specializes in automating data analysis and financial assessments for individuals and businesses. Company founded in 2008 by Debasish Chakraborty. As of 2024, it has achieved a valuation of $1 billion.


  1. LeadSquared

LeadSquared is a SaaS company specializing in CRM solutions, established in 2011 by Nilesh Patel, Sudhakar Gorti, and Prashant Singh. LeadSquared is a marketing automation and CRM platform that helps businesses manage leads and streamline their sales processes for improved customer engagement. By 2022, it reached a valuation of $1 billion.


  1. Fractual

Fractal is a SaaS company focused on analytics, founded in 2000 by Srikanth Velamakanni and Pranay Agrawal. Fractal is an analytics and AI company that helps businesses leverage data to enhance decision-making and improve operational efficiency through advanced analytics. As of 2022, it has achieved a valuation of $1 billion.


  1. Darwinbox

Darwinbox is a SaaS company specializing in HRTech, founded in 2015 by Chaitanya Peddi, Jayant Paleti, and Rohit Chennamaneni. Darwinbox is an HR tech platform that offers an end-to-end human resource management solution, helping businesses streamline HR processes through automation and analytics. As of 2022, it has reached a valuation of $1 billion.


  1. Uniphore

Uniphore is a SaaS company focused on conversational automation, founded in 2008 by Umesh Sachdev and Ravi Saraogi. Uniphore is an Enterprise-class, AI-native company with a purpose to transform everything that impacts your customer, to propel the planet’s most engaging customer and employee experiences. As of 2022, it has achieved a valuation of $2.5 billion.


  1. Hasura

Hasura is a SaaS company specializing in programming tools, founded in 2017 by Tanmai Gopal and Rajoshi Ghosh. Hasura is an open-source GraphQL engine that provides instant APIs for data and enables developers to build applications quickly with real-time data capabilities. As of 2022, it has reached a valuation of $1 billion.


  1. Mindtickle

Mindtickle helps businesses grow revenue and retain customers by improving performance in sales and customer support teams. Our award-winning Revenue Enablement Platform combines on-the-job learning with customer engagement activities. This unified approach helps managers and enablement teams to capture data on rep behaviors, benchmark them with ideal rep profiles, and improve their performance with personalized training and coaching. It founded in 2011 by Krishna Depura, Mohit Garg, Nishant Mungali, and Anshul Khurana. As of 2021, it has achieved a valuation of $1.2 billion.


  1. Zenoti

Founded in 2010 by Sudheer Koneru and Dheeraj Koneru. Zenoti is a SaaS company specializing in spa and salon services. Zenoti is the leading cloud-software for beauty, wellness & fitness trusted by over 30,000 businesses in 50 countries. With leading-edge technology and an AI First approach, Zenoti doesn’t just help you run your business. It helps you grow your revenue and profits. By 2020, it reached a valuation of $1.5 billion.


  1. Postman

Postman is a SaaS company focused on API development and testing, established in 2014 by Abhinav Asthana, Ankit Sobti, and Abhijit Kane. Postman is the world’s leading API platform. Postman's features simplify each step of building an API and streamline collaboration to help create better APIs—faster. More than 30 million developers and 500,000 organizations across the globe use Postman today. In 2020, it achieved a valuation of $5.6 billion.


  1. Icertis

Icertis is a SaaS company specializing in contract management, founded in 2009 by Samir Bodas and Monish Darda. Icertis is the global leader in AI-powered contract intelligence. The Icertis platform revolutionizes contract management, equipping customers with powerful insights and automation to grow revenue, control costs, mitigate risk, and ensure compliance - the pillars of business success. Today, 30% of the Fortune 100 trust Icertis to realize the full intent of millions of commercial agreements in 90+ countries. In 2019, the company reached a valuation of $5 billion.


  1. Druva

Druva is a SaaS company focused on data management, founded in 2008 by Jaspreet Singh and Milind Borate. Druva is the leading provider of data security solutions, empowering customers to secure and recover their data from all threats. The Druva Data Security Cloud is a fully managed SaaS solution offering air-gapped and immutable data protection across cloud, on-premises, and edge environments. By centralizing data protection, Druva enhances traditional security measures and enables faster incident response, effective cyber remediation, and robust data governance. In 2019, Druva was acquired and achieved a valuation of $2 billion.


  1. Freshwork

Freshworks is a SaaS company specializing in CRM solutions, founded in 2010 by Girish Mathrubootham and Shan Krishnasamy. In 2018, Freshworks had gone public and reached a valuation of $4.53 billion, operating in the B2B sector.. Freshworks (NASDAQ: FRSH) provides people-first, AI service software to deliver exceptional customer and employee experiences. Trusted by 68,000+ organizations worldwide. Headquartered in San Mateo, California, Freshworks operates around the world to serve more than 67,000+ customers, including s American Express, Bridgestone, Databricks, Fila, Nucor, and Sony.


  1. Mu sigma

Mu Sigma is a SaaS company focused on analytics, founded in 2004 by Dhiraj Rajaram. The company operated in the B2B sector and achieved a valuation of $1.5 billion before 2013. Mu Sigma is a leading data analytics and decision sciences company that helps enterprises leverage big data and analytics to make better business decisions. Known for its expertise in combining data engineering, data science, and decision-making frameworks, Mu Sigma works across various industries to solve complex business problems.


  1. Gupshup

Gupshup enables better customer engagement through conversational messaging. They are the leading conversational messaging platform, powering over 6 billion messages per month. Our carrier-grade platform provides a single messaging API for 30+ channels, a rich conversational experience-building tool kit for any use case and a network of emerging market partnerships across messaging channels, device manufacturers, ISVs and operators.


  1. Inmobi

InMobi is a global leader in mobile advertising and marketing solutions, enabling brands to engage with consumers through personalized, data-driven ad experiences. With its focus on leveraging AI and machine learning, InMobi delivers highly targeted campaigns across mobile platforms.


  1. Purple

Purplle is a marketplace focused on personal care, founded in 2012 by Manish Taneja and Rahul Dash. Catering to the B2C sector. Purplle is an online beauty and personal care platform that offers a wide range of products from various brands, catering to the diverse needs of consumers. Purplle achieved a valuation of $1.1 billion by 2022.


  1. Dealshare

Founded in 2018 by Vineet Rao. It serves the B2C sector and reached a valuation of $1.7 billion in 2022. DealShare is a social e-commerce platform that focuses on delivering groceries and daily essentials to customers through a community-driven model.


  1. Livspace

Livspace is an e-commerce platform focused on interior design, founded in 2014 by Anuj Srivastava and Ramakant Sharma. It operates in the B2C sector. Livspace is a home interior and renovation platform that connects homeowners with designers and contractors, simplifying the process of creating beautiful living spaces. It achieved a valuation of $1.2 billion in 2022.


  1. CommerceIQ

CommerceIQ is a B2B e-commerce management platform founded in 2012 by Guru Hariharan. The company reached a valuation of $1 billion in 2022 and remains privately held. CommerceIQ is an e-commerce intelligence platform that uses AI and data analytics to help brands optimize their online Amazon, Walmart etc. sales and improve market share.


  1. Moglix

Founded in 2015 by Rahul Garg. They are an Asia-based B2B commerce company intensively inclined towards B2B procurement of industrial supplies, in particular, MRO, Safety, Electrical & Lighting, Cleaning & Laundry Supplies, Office Supplies, Tools and many more industry essentials. The company reached a valuation of $2.6 billion in 2021.


61. CarDekho

CarDekho is a B2C e-commerce platform specializing in automotives and old cars, founded in 2007 by Amit Jain and Anurag Jain. It is a leading online platform for buying, selling, and researching new and used cars in India. With a user-friendly interface and extensive data on vehicles, CarDekho simplifies the car buying process by offering reviews, comparisons, and expert insights. The platform also offers financing options, insurance, and tools for evaluating car prices. The company achieved a valuation of $1.2 billion in 2021.


62. Licious

Licious is a B2C e-commerce platform focused on meat products, founded in 2015 by Abhay Hanjura and Vivek Gupta. Licious is a direct-to-consumer meat and seafood brand that delivers fresh, high-quality, and hygienically processed meat products to customers’ doorsteps. Known for its farm-to-fork model, Licious ensures freshness by controlling every step of the supply chain, from sourcing to delivery.  The company reached a valuation of $1.5 billion in 2021. 


63. Meesho

Meesho is a B2C marketplace that offers fashion, personal care, and lifestyle products. Established in 2015 by Vidit Aatrey and Sanjeev Barnwal. 

Meesho is an Indian social commerce platform that enables small businesses and individuals to sell products online, primarily through social channels like WhatsApp, Facebook, and Instagram. It empowers entrepreneurs and resellers to earn by sharing curated product catalogs, without needing to maintain inventory or handle logistics. The company attained a valuation of $4.9 billion in 2021.


64. Mamaearth


Mamaearth is a B2C e-commerce platform that specializes in personal care products, founded in 2016 by Ghazal Alagh and Varun Alagh. 

Mamaearth is a leading Indian personal care brand offering a range of natural, toxin-free products for skin, hair, and baby care. The brand emphasizes sustainability, using organic ingredients and eco-friendly packaging, and is known for being one of the first “Made Safe” certified brands in Asia. The company reached a valuation of $1.2 billion in 2021. 


65. Blinkit (ex-Grofers)

Blinkit, previously known as Grofers, is a B2C e-commerce platform focusing on groceries. Founded in 2013 by Albinder Dhindsa and Saurabh Kumar. 

Blinkit (A Zomato Company) is a grocery and e-commerce platform which works on instant delivery model in India with over 10 million Indians shopping on Blinkit, for everything from grocery staples and vegetables to emergency supplies and electronics, and much more. Zomato acquired Blinkit in 2022 in an all-stock deal worth $569 million. 


66. Rebel Foods


Rebel Foods is a B2C e-commerce platform specializing in food delivery, established in 2011 by Jaydeep Barman and Kallol Banerjee. 

Rebel Foods is a cloud kitchen company that revolutionizes food delivery through its tech-driven model. It offers a variety of cuisines, leveraging technology and data analytics to optimize operations and provide a seamless food delivery experience. The company achieved a valuation of $1.4 billion in 2021. 


67. Mensa Brands

Mensa Brands is a B2B e-commerce platform focused on brand growth, founded in 2021 by Ananth Narayanan. 

Mensa Brands is a new-age consumer internet company focused on acquiring and scaling digital-first brands in the fast-moving consumer goods (FMCG) space. By leveraging technology and data-driven insights, Mensa aims to build a portfolio of brands that cater to diverse consumer needs while enhancing operational efficiency. The company achieved a valuation of $1.2 billion in the same year. 


68. GlobalBees

GlobalBees is a B2C e-commerce platform that focuses on fashion. Established in 2021 by Nitin Agarwal, 

GlobalBees is a prominent venture-backed company that operates in the e-commerce space, specializing in acquiring and scaling digital-first consumer brands. By utilizing a data-driven approach, GlobalBees aims to build a diverse portfolio of brands that cater to various consumer needs across different categories. The company reached a valuation of $1.1 billion. 


69. FirstCry

FirstCry is a B2C e-commerce platform specializing in fashion and kids' wear, founded in 2010 by Supam Maheshwari and Amitava Saha.

FirstCry is a leading e-commerce platform in India, specializing in products for babies, toddlers, and young children. With a mission to provide a one-stop shopping experience for parents, FirstCry offers a vast selection of high-quality products that cater to the needs of families.  The company reached a valuation of $3 billion in 2020. 


70. Nykaa

Nykaa is a B2C marketplace that offers personal care, fashion, and lifestyle products. Founded in 2012 by Falguni Nayar. 

Nykaa is a leading e-commerce platform in India, specializing in beauty, wellness, and personal care products. They also launched the Nykaa fashion. Founded with the mission to empower consumers with the best selection of beauty products, Nykaa has established itself as a trusted destination for beauty enthusiasts and everyday shoppers alike. The company achieved a valuation of $4.44 billion in 2020. 


71. BigBasket

BigBasket is a B2C e-commerce platform focusing on groceries and quick commerce, established in 2011 by Hari Menon, Vipul Parekh, Abhinay Choudhari, VS Sudhakar, and VS Ramesh. 

BigBasket is India's largest online grocery delivery service, revolutionizing the way consumers shop for groceries. With a focus on quality, convenience, and a wide selection of products, BigBasket aims to meet the daily needs of households across the country. The company was acquired in 2019 and had a valuation of $3.2 billion.


72. Lenskart

Lenskart is a B2C e-commerce platform specializing in eyewear. 

Lenskart is a leading eyewear brand in India, offering a wide range of stylish and affordable eyeglasses, sunglasses, and contact lenses. With a mission to provide quality eyewear and exceptional customer service, Lenskart has transformed the way consumers shop for vision-related products. Founded in 2010 by Peyush Bansal, the company achieved a valuation of $4.5 billion in 2019. 


73. Udaan

Udaan is a B2B marketplace focusing on fashion, lifestyle, and personal care, established in 2016 by Vaibhav Gupta, Amod Malviya, and Sujeet Kumar. 

Udaan is a prominent B2B e-commerce platform in India that connects manufacturers, wholesalers, and retailers across various industries. Founded with the goal of transforming the supply chain and distribution landscape, Udaan enables businesses to access a wide range of products efficiently. The company achieved a valuation of $3.1 billion in 2018. 


74. Flipkart

Flipkart is a B2C marketplace that offers fashion, lifestyle, and personal care products. Founded in 2007 by Sachin Bansal and Binny Bansal. 

Flipkart is one of India’s largest e-commerce platforms, known for its wide range of products, including electronics, fashion, home essentials, and more. Founded in 2007, Flipkart revolutionized online shopping in India and became a household name. In 2018, Flipkart was acquired by Walmart, marking a significant milestone in the Indian e-commerce landscape, and enabling the company to leverage Walmart's global expertise in supply chain management and technology.  the company achieved a remarkable valuation of $37.6 billion in 2012 and got acquired by Walmart  at $16 billion deal in 2018. 


75. Paytm Mall

Paytm Mall is a prominent e-commerce platform in India, part of the Paytm ecosystem, which is widely recognized for its digital payment solutions. Launched in 2017 by Vijay Shekhar Sharma, Paytm Mall focuses on providing a seamless online shopping experience by offering a vast range of products across various categories.  


76. Spinny

Spinny is a B2C marketplace focused on automotive sales, founded in 2015 by Niraj Singh and Mohit Gupta. 

Spinny is a leading online platform in India with 20,000+ fully inspected cars online for buying and selling pre-owned cars, revolutionizing the way customers engage in the used car market. Founded with the mission to simplify the car buying and selling experience, Spinny offers a transparent, hassle-free process, ensuring customer satisfaction through quality assurance and comprehensive services. The company achieved a valuation of $1.75 billion in 2021. 


  1. Cars24

Cars24 is a B2C marketplace specializing in automotive sales, established in 2015 by Vikram Chopra, Mehul Agrawal, Gajendra Jangid, and Ruchit Agarwal.

Cars24 started in year 2015. It started with an idea of marketplace for selling and buying of second-hand cars in India. Today they expanded in other countries including Australia and UAE. They also launched offer services like financial aid services while buying a car. The company reached a valuation of $3.3 billion in 2020. 


78. Droom

Droom is a B2C marketplace focused on automotive sales, founded in 2014 by Sandeep Aggarwal. 

Droom is an innovative online marketplace in India that specializes in buying and selling not just cars but also bikes and scooters. Founded with the vision of transforming the automotive retail experience, Droom leverages technology to simplify transactions, enhance transparency, and offer a wide range of vehicles to customers across the country. The company achieved a valuation of $1.2 billion in 2021. 


  1. PharmEasy

PharmEasy is a B2C e-commerce platform that specializes in online pharmacy services. 

PharmEasy is a leading online healthcare platform in India that simplifies the process of obtaining medicines, health products, and diagnostic services. With a mission to make healthcare more accessible and affordable, PharmEasy leverages technology to connect patients with pharmacies and healthcare providers, ensuring convenience and efficiency in managing health needs. Founded in 2015 by Dharmil Sheth and Dhaval Shah, the company achieved a valuation of $5.6 billion in 2021. 


  1. MyGlamm (Good Glamm Group)

MyGlamm is a B2C e-commerce platform specializing in personal care products, founded in 2015 by Darpan Sanghvi. 

MyGlamm is a popular online beauty and personal care brand in India that offers a wide range of cosmetics and wellness products. With a focus on quality and innovation, MyGlamm aims to empower consumers by providing them with trendy and effective beauty solutions that cater to diverse needs. The company reached a valuation of $1.2 billion in 2021. 


  1. Infra Market

InfraMarket is a B2B e-commerce platform focusing on construction material, founded in 2016 by Souvik Sengupta and Aaditya Sharda. 

Infra Market is an innovative online marketplace that caters to the construction industry in India. By leveraging technology, Infra Market streamlines the procurement of construction materials, making it easier for contractors and builders to access high-quality products at competitive prices. The platform is designed to improve efficiency, transparency, and convenience in the construction supply chain. The company achieved a valuation of $2.5 billion in 2021. 


  1. Zepto

Zepto is a B2C e-commerce platform specializing in groceries and quick commerce, founded in 2021 by Aadit Palicha and Kaivalya Vohra. 

Zepto is a quick-commerce grocery delivery service that aims to bring groceries to customers' doorsteps in under 10 minutes, focusing on speed and convenience.

The company achieved a valuation of $1.4 billion. 


 83. Urban Company


Urban Company is a B2C e-commerce platform that offers home services. Founded in 2014 by Abhiraj Bhal, Varun Khaitan, and Raghav Chandra. 

Urban Company is a leading online platform that connects customers with skilled professionals for various home services and repairs. Founded to simplify the process of hiring service providers, Urban Company aims to deliver quality and convenience to customers while empowering professionals to grow their businesses. With a focus on customer satisfaction, the platform ensures that users receive reliable and efficient services in the comfort of their homes. The company achieved a valuation of $2.8 billion in 2021. 


  1. Apna

Apna is a B2C marketplace focused on employment services, established in 2019 by Nirmit Parikh. 

Apna Jobs is a fast-growing platform in India that connects job seekers with a wide range of employment opportunities across sectors. Tailored to help professionals, especially in blue-collar and entry-level positions. The company achieved a valuation of $1.1 billion in 2021. 


 85. NoBroker

NoBroker is a B2C marketplace specializing in PropTech services, founded in 2014 by Amit Kumar Agarwal, Akhil Gupta, and Saurabh Garg.

NoBroker is a real estate platform designed to eliminate the need for brokers by directly connecting property owners with tenants and buyers. The platform offers a seamless experience for renting, buying, and selling properties without the hassle of intermediaries. It has monthly 2 lac+ listing with monthly traffic of 30 lacs+.  The company achieved a valuation of $1 billion in 2021. 


86. Swiggy


Swiggy is a B2C marketplace that specializes in food delivery, grocery delivery, and dining services. Founded in 2014 by Sriharsha Majety, Nandan Reddy, and Rahul Jaimini. 

Swiggy is one of India’s leading food delivery platforms, offering a wide range of services to ensure convenience for its customers. Swiggy has evolved from a food delivery service to a comprehensive platform that provides additional solutions such as grocery delivery, pick-and-drop services. In 2024 they are planning to go for IPO.  The company reached a valuation of $5.5 billion in 2018. 


87. Zomato

Zomato is a prominent food delivery and restaurant discovery platform in India, offering a wide array of services that cater to food enthusiasts and urban dwellers. Founded in 2008, Zomato went public in July 2021, marking a significant milestone as one of India’s first major startups to list on the stock exchange. With strategic acquisitions such as Blinkit for grocery delivery and Paytm Tickets for event and travel booking, Zomato has expanded its ecosystem, offering comprehensive convenience beyond just food. 


88. Molbio Diagnostics

Molbio Diagnostics is a health tech company founded in 2010 by Sriram Natarajan.

Molbio Diagnostics is a biotechnology company that specializes in molecular diagnostics, particularly focusing on affordable and accurate testing solutions for infectious diseases. The company reached a valuation of $1.5 billion in 2022. 


  1. Tata 1mg

Tata 1mg is a B2C health tech company focused on online medicine delivery, established in 2015 by Prashant Tandon, Gaurav Agarwal, and Vikas Chauhan. 

Tata 1mg is an online healthcare platform that offers a wide range of healthcare services, including medicine delivery, diagnostic tests, and teleconsultation. With a presence in cities like Delhi, Gurgaon, Noida, Mumbai, Pune, Hyderabad, Bangalore, Chennai, etc., through Tata 1mg, you can avail over 2,000 tests and get tested by 120+ top, verified labs at the best prices.  The company was acquired in 2022 and had a valuation of $1.25 billion.


  1. Pristyn Care

Pristyn Care is a private health tech company founded in 2018 by Harsimarbir Singh, Vaibhav Kapoor, and Garima Sawhney. 

Pristyn Care is a healthcare services platform that specializes in elective surgeries across a range of specialties. It offers patients a seamless, tech-enabled experience, from consultation to post-surgery care. By leveraging partnerships with top hospitals and experienced doctors, Pristyn Care ensures high-quality care with minimal hassle. The company achieved a valuation of $1.4 billion in 2021. 


  1. Cultfit

Cultfit is a B2C health tech platform offering various wellness services. 

Cultfit is a leading health and fitness platform that integrates physical and mental well-being through a variety of services. With a focus on holistic health, Cultfit offers online and offline fitness classes, wellness consultations, sportswear, and personalized plans, aiming to transform fitness into a lifestyle for its users. Founded in 2016 by Mukesh Bansal and Ankit Nagori, the company achieved a valuation of $1.5 billion in 2021. 


  1. Innovaccer

Innovaccer is a healthcare technology company founded in 2014 by Abhinav Shashank, Sandeep Gupta, and Kanav Hasija.

Innovaccer is a leading healthcare technology company that leverages data to transform care delivery. Innovaccer’s platform unifies healthcare data from various sources, providing actionable insights to healthcare providers and enabling better patient outcomes. Their solutions focus on improving efficiency, patient engagement, and overall care coordination in the healthcare system.  The company reached a valuation of $3.2 billion in 2021. 


  1. CitiusTech

CitiusTech is a healthcare technology company established in 2005 by Rizwan Koita and Jagdish Moorjani. CitiusTech (www.citiustech.com) is a leading provider of healthcare technology services, solutions, and platforms, with a strong presence in the payer, provider, medical technology, and life sciences markets. Serving over 130 healthcare organizations worldwide. CitiusTech helps healthcare organizations streamline operations, enhance patient care, and comply with regulatory standards. The company achieved a valuation of $2.4 billion in 2019. 


  1. Amagi

Amagi is a B2B media company specializing in advertising, founded in 2008 by K.A. Srinivasan, Baskar Subramanian, and Srividhya Srinivasan. 

Amagi is a cloud-based broadcast and streaming technology company that provides solutions for content owners to monetize their media across platforms. The company reached a valuation of $1.4 billion in 2022. 


  1. Glance(Inmobi)

Glance, a part of Inmobi, is a B2C media company focused on advertising, established in 2019 by Naveen Tewari. InMobi is a global leader in mobile advertising and marketing technology, offering solutions that help brands engage with consumers through personalized, data-driven advertising across mobile platforms. InMobi enables advertisers to reach a global audience and drive meaningful user engagement through its AI-powered platform. In 2019, InMobi acquired Pinsight Media, a mobile data and insights company, further strengthening its capabilities in data-driven advertising.  The company achieved a valuation of $1.7 billion in 2020. 


  1. Sharechat

ShareChat is a B2C media and entertainment platform founded in 2015 by Ankush Sachdeva, Bhanu Singh, and Farid Ahsan. 

ShareChat is India’s leading social media platform that operates exclusively in Indic languages. We empower our 160 million strong monthly active user community to share their opinions, record their lives and make new friends - all within the comfort of their language of choice. The company achieved a valuation of $5 billion in 2021. 


  1. Mohalla Tech

Mohalla Tech, the parent company of Moj, is a B2C media and entertainment platform founded in 2015 by Ankush Sachdeva, Bhanu Singh, and Farid Ahsan. 

Moj is India's leading short video platform developed by ShareChat, designed to empower users to create, share, and discover engaging short video content. With millions of users across the globe, Moj offers a vibrant space for artists, creators, and everyday users to showcase their creativity, connect with a diverse audience, and participate in trending challenges, all while enjoying a user-friendly interface. The company reached a valuation of $5 billion in 2021. 


  1. Dailyhunt

DailyHunt is a B2C media and entertainment platform founded in 2007 by Virendra Gupta and Umang Bedi. DailyHunt is a leading news and content aggregation platform in India, offering a personalized experience for users to access news, entertainment, and local content in their preferred languages. With a focus on regional language content. The company achieved a valuation of $5 billion in 2020.  


  1. Verse Innovation

Verse Innovation, the parent company of DailyHunt, is a B2C media and entertainment company founded in 2007 by Virendra Gupta and Umang Bedi. 

VerSe Innovation is a content technology platform company that powers the short video app Josh and allows users to consume content in their local language. VerSe Innovation is India's first tech unicorn to focus on local languages. The company reached a valuation of $5 billion in 2020. 


  1. PhysicsWallah

PhysicsWallah is a B2C edtech company founded in 2016 by Alakh Pandey. 

PhysicsWallah is an edtech platform that provides affordable and high-quality online coaching for students preparing for competitive exams, like IIT -JEE, NEET, IIT Government job exams. Defence, CA, olympiad, Gate, CUET, UPSC etc. The company achieved a valuation of $1.1 billion in 2022. 


  1. Lead

LEAD is a B2C edtech platform that focuses on education technology, founded in 2012 by Smita Deorah and Sumeet Mehta. 

LEAD Group is India's largest and fastest-growing School Edtech company, dedicated to transforming schools through innovative, technology-driven solutions. It revolutionising the learning experience for students and enhancing teaching effectiveness in more than 8000+ schools across India. The company reached a valuation of $1.1 billion in 2022.


  1. Eruditus

Eruditus is a B2C edtech company offering educational programs, founded in 2010 by Ashwin Damera and Chaitanya Kalipatnapu. 

Eruditus is a global leader in providing high-quality executive education programs in collaboration with top universities and institutions around the world. Founded with the mission to make world-class education accessible, Eruditus partners with prestigious universities such as Harvard, MIT, Columbia, Wharton, INSEAD, Stanford, and Cambridge to offer a wide range of executive courses. These programs are designed to equip professionals and business leaders with the skills and knowledge required to excel in today’s fast-paced, evolving industries. The company achieved a valuation of $3.2 billion in 2021.  


  1. Upgrad

UpGrad is a B2C edtech company focused on higher education, founded in 2015 by Ronnie Screwvala, Phalgun Kompalli, and Mayank Kumar. 

UpGrad is one of India’s largest online higher education platforms, specializing in offering industry-relevant courses in collaboration with leading global universities. upGrad partners with renowned institutions such as IIIT Bangalore, IIT Madras, Deakin University, Michigan State University, and Liverpool John Moores University to offer comprehensive programs in data science, technology, management, and more. With its focus on lifelong learning, upGrad aims to help professionals upskill and achieve career growth through flexible, high-quality online education. The company reached a valuation of $2.25 billion in 2021. 


  1. Vedantu

Vedantu is a B2C edtech company specializing in online tutoring, founded in 2011 by Vamsi Krishna, Pulkit Jain, Saurabh Saxena, and Anand Prakash. 

Vedantu is a leading online tutoring platform in India, providing live interactive classes for students from kindergarten to 12th grade (K-12), as well as for competitive exams like JEE, NEET, and others. The platform focuses on delivering personalized learning experiences through live sessions with experienced teachers, enabling students to learn at their own pace. Vedantu aims to make high-quality education accessible to students across India, using technology to offer real-time engagement, instant doubt-solving, and performance tracking. The company achieved a valuation of $1 billion in 2021.


  1. Unacademy

Unacademy is a B2C edtech company offering online courses, founded in 2015 by Gaurav Munjal, Roman Saini, and Hemesh Singh. 

Unacademy is one of India’s largest online learning platforms, offering a wide range of courses for students and professionals preparing for competitive exams. Founded with the mission to democratize education, Unacademy provides access to high-quality educational content and live classes from experienced educators across various fields. From UPSC, SSC, and banking exams to NEET, JEE, and state-level exams, Unacademy covers a broad spectrum of test preparations. The platform also focuses on skill development and personal growth through specialized courses. The company reached a valuation of $3.4 billion in 2020.


  1. Byju's

BYJU'S is a B2C edtech company that provides online learning solutions, founded in 2011 by Byju Raveendran.

BYJU'S is India's leading edtech company, known for revolutionizing the way students learn through its engaging and interactive online learning platform. Focused on delivering high-quality education to K-12 students and competitive exam aspirants, BYJU'S uses animated video lessons and personalized learning tools to make learning more intuitive and enjoyable. It offers courses for school curriculum, as well as preparation for exams like JEE, NEET, CAT, IAS, and more. With its mission to make learning accessible and fun, BYJU'S caters to millions of students worldwide.  The company achieved a valuation of $5.1 billion in 2018. 


  1. Digit Insurance

Digit Insurance is a B2C insurance company founded in 2016 by Kamesh Goyal. 

Digit Insurance is a leading digital-first general insurance company in India, focused on simplifying the insurance process for customers. With a mission to make insurance easy, transparent, and accessible, Digit offers a wide range of insurance products, including health, motor, travel, and home insurance. The company leverages technology to offer a seamless customer experience through a quick online purchase process, easy claim settlements, and minimal paperwork. The company reached a valuation of $4 billion in 2021. 


  1. Policy Bazaar

Policybazaar is a B2C insurance aggregator, founded in 2008 by Yashish Dahiya and Alok Bansal. PolicyBazaar is India’s leading online insurance aggregator, providing a platform where users can compare and purchase a wide range of insurance products from various insurers. Founded with the aim of simplifying insurance buying, PolicyBazaar offers comprehensive solutions for life, health, motor, and travel insurance, among others. The platform focuses on helping consumers make informed decisions by offering transparent comparisons of policy features, premiums, and benefits. PolicyBazaar has grown into a trusted source for millions of customers, making the insurance selection and buying process easier and more convenient. The company achieved a valuation of $3.38 billion in 2018. 


  1. Acko

Acko is a B2C insurance company founded in 2016 by Varun Dua. 

Acko is a digital-first general insurance company in India, offering a range of insurance products with a focus on making insurance simpler, more accessible, and hassle-free. Founded in 2016, Acko leverages data and technology to provide personalized, low-cost insurance solutions. The company reached a valuation of $1.1 billion in 2021. 


  1. Games24*7

Games24x7 is a B2C gaming platform founded in 2006 by Bhavin Pandya and Trivikraman Thampy. Games24x7 is a gaming company that offers a range of online games, including skill games (RummyCircle and My11Circle) and casual games (Ultimate Games). Games24x7 operates RummyCircle, the largest online rummy platform in India, and My11Circle, one of the country's top fantasy sports platforms. The company has also set up a casual games studio, Ultimate Games, to launch new games for the global market. The company achieved a valuation of $2.5 billion in 2022. 


  1. MPL (Mobile Premier League)

MPL is a B2C fantasy sports platform, founded in 2018 by Sai Srinivas and Shubh Malhotra. 

MPL (Mobile Premier League) is one of India’s largest mobile eSports and gaming platforms, launched in 2018. It offers users the ability to play a variety of skill-based games and compete in tournaments to win cash prizes. The company reached a valuation of $2.3 billion in 2021. 


  1. Dream11

Dream11 is a B2C fantasy sports platform founded in 2008 by Harsh Jain and Bhavit Sheth. 

Dream11 is the world’s largest fantasy sports platform with 220 million+ users playing fantasy cricket, football, kabaddi, basketball, hockey, volleyball, handball, rugby, futsal, American football & baseball, on it. A homegrown Indian brand, Dream11 helps Indian sports fans to actively engage with real-life sporting events and showcase their knowledge of sports. Fantasy sports has been deemed a ‘Game of Skill’ by the honourable Supreme Court of India. The company achieved a valuation of $8 billion in 2019. 


  1. ReNew Power

ReNew Power is a renewable energy company founded in 2011 by Sumant Sinha. 

ReNew is a leading decarbonisation solutions provider and the first Indian clean energy company to list on Nasdaq. Founded in 2011, ReNew is at the forefront of fighting climate change by offering decarbonisation solutions through utility-scale wind and solar offerings, green hydrogen, carbon markets, and energy storage. The company achieved a valuation of $8 billion in 2017. 


  1. Boat Lifestyle

Boat is a consumer electronics brand founded in 2016 by Aman Gupta and Sameer Mehta. boAt set its sail back in 2016. Both founders, Aman Gupta and Sameer Mehta, realized the massive gaps in the audio and wearable market of India and hence founded boAt with the vision of making a lifestyle brand, that enhances the quality of life through audio and wearables. Today, boAt is the world's 2nd largest wearable brand (IDC Q3 2022) along with being India’s No.1 Audio brand. Seven years down the road, boAt has become a crucial part of cultural conversations for the younger generation, lifestyle influencers, audiophiles, and a lot of many segments. boAt has hence become an advocate of self-expression, adventurous experiences, and exploration all the way. Driven by a blazing passion for music and an instinct for innovation, boAt intends to deliver more than just a product to its community. This account is a sneak peek into the feisty world of boAt - its showrunners, hustle, collaborations, #InsideboAt culture and beyond. Boat quickly became one of India's leading audio brands, achieving unicorn status in 2021.


  1. InCred

Incred is a financial services platform founded in 2016 by Bhupinder Singh. The company became a unicorn in 2021 by offering a range of lending products to individuals and businesses. InCred is a new-age financial services group that leverages technology & data-science to make lending quick & easy. InCred is credit for Incredible India. They use technology & data-science to make lending quick, simple & hassle-free. They believe traditional ways of lending can exclude those most in need because of outdated, rigid & often inefficient processes.At InCred, they have simplified the lending process with a sharp focus on serving our borrowers’ unique needs & circumstances.


  1. Money View

Money View is a financial technology company founded in 2014 by Puneet Agarwal and Sanjay Agarwal. It became a unicorn in 2022, providing users with easy access to personal loans and credit management tools. In a country of more than a billion people, only 10% are eligible for formal credit products. Their vision is to provide world-class financial products & services to those 90% of the underserved Indians. They are making this possible through their AI powered proprietary models that predict risk more accurately than traditional models used in the industry, thus ensuring right credit solutions are provided to the right users in a simplified manner! They have disbursed 12000+ crore loan.


  1. Ather energy

Ather Energy was started in 2013 by Tarun Mehta and Swapnil Jain, two engineering graduates straight out of college with the audacity to dream and challenge the well-established Internal Combustion Engine (ICE) and replace it with an electric drive.

They built India’s first smart and connected electric scooters, the Ather 450 product line, because they believe that's where the future of personal mobility is headed.

Ather is one of the few companies in India, specifically within the automotive industry, to have products and services that amalgamate clean design and engineering—hardware and software.

Today, their product offerings include the Ather Rizta, Ather 450X, Ather 450S, public and private charging infrastructure, accessories and merchandise, and innovative ownership plans. They are also building a complete ecosystem for India’s electric vehicles, powered by indigenous design and all locally manufactured. It became a unicorn in 2022, known for its cutting-edge electric scooters.



  1. Eightfold AI

Eightfold AI is the industry’s first Talent Intelligence Platform that transforms how you hire, retain, and grow a diverse workforce. The platform is built with three pillars in mind:

  • First, they believe that people are every enterprise’s greatest asset, and they want to put them at the center. They aggregate all people data within an enterprise—from applicants to alumni—which is currently siloed across many different point solutions. This becomes the richest and most comprehensive Talent Network for each enterprise.

  • Second, they use data to provide intelligence on what people are capable of doing instead of just what they have done in the past. This allows enterprises to more effectively match people to the right opportunities.

  • Third, using AI, the platform continuously learns from enterprise and individual performance to predict future roles, performance, and career alternatives.


  1. Zoho

Zoho is a software development company founded in 1996 by Sridhar Vembu and Tony Thomas. The company offers cloud-based business applications and became a billion-dollar company without external funding. A unique and powerful software suite to transform the way you work; built by a company that values your privacy. Zoho offers beautifully smart software to help you grow your business. With over 100 million users worldwide, Zoho's 55+ products aid your sales and marketing, support and collaboration, finance, and recruitment needs—letting you focus only on your business. Zoho respects user privacy and does not have an ad-revenue model in any part of its business, including its free products. Zoho Corporation is a privately-held and profitable company headquartered in Austin, Texas with international headquarters in Chennai, India, with offices across the globe.


  1. Quikr

Quikr is the only classifieds platform not just in India but globally to go in for verticalization. founded in 2008 by Pranay Chulet and Jiby Thomas. It became a unicorn in 2015, allowing users to buy and sell products online. Quikr, which now operates leading transaction marketplaces built on top of India’s largest classifieds platform, is India’s largest platform that is used by over 30 million unique users a month. It is present in 1200 cities in India and operates several large classifieds businesses across C2C, Cars, Education, Homes, Jobs, and Services.


  1. Snapdeal

Snapdeal is an e-commerce platform founded in 2010 by Kunal Bahl and Rohit Bansal. The company became a unicorn in 2014, focusing on providing a platform for discounted deals and later shifting to full-fledged e-commerce. Snapdeal is India's leading value e-commerce platform that has significantly contributed to the growth of e-commerce beyond just brands and urban users. Nearly 80% of Snapdeal's users come from non-metro locations, showcasing its extensive reach across the country. The platform offers a wide selection of good-quality, value-priced merchandise across various categories, including fashion, home goods, beauty and personal care, and general merchandise. With over 200 million app installations, Snapdeal has established itself as one of India’s top online shopping destinations.

According to a recent industry report by global consulting firm Kearney, the rise of value-conscious online shoppers is reshaping India's e-commerce landscape. These consumers prioritize affordable products that meet their expectations for quality, durability, and trendiness. This shift in shopping behavior has led to the emergence of value e-commerce, with differentiated business models tailored to serve the needs of value-focused buyers. Currently valued at $4 billion, the value e-commerce sector in India is projected to grow rapidly at a CAGR of 26%, reaching $40 billion by 2030.

As part of the AceVector Group, Snapdeal remains one of India’s best-known e-commerce companies, exclusively focusing on the value segment to cater to this growing market.





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