India’s Unicorn Club: Here’s a List Of Unicorn Enterprises In India

In recent years, India has emerged as a global powerhouse in the startup ecosystem, boasting an impressive roster of unicorns—privately held companies valued at over $1 billion. These unicorns span diverse industries, from fintech and ecommerce to health tech and logistics. On World Entrepreneurs’ Day, Local Samosa offers a detailed, yearwise overview of India’s Unicorn Club, highlighting their founders, what they do, and other pertinent details.

List of Unicorns in India

2016 & Before

Hike

The startup, which started as a messaging app, tried to take the super app route with services such as digital wallet, ticket booking, ecommerce and more. However, as the endeavour did not pay off, Hike unbundled its super app in 2019 to focus on services that were showing traction.

Founder: Kavin Bharti Mittal

Founded: 2012

ShopClues

ShopClues was a Delhi-NCR-based ecommerce platform similar to the likes of Flipkart and Snapdeal. ShopClues claimed to be the first company to evangelise the ‘managed marketplace model’ in India. 

Founder: Sandeep Aggarwal, Sanjay Sethi and Radhika Aggarwal

Founded: 2011

InMobi

A global mobile advertising and discovery platform, InMobi offers mobile ad solutions and analytics. InMobi is one of the largest independent mobile ad networks and operates in over 165 countries.

Founder: Naveen Tewari, Abhay Singhal, Amit Gupta, Mohit Saxena

Founded: 2007

Flipkart

An e-commerce giant, Flipkart provides a wide array of products, including electronics, apparel, and home goods. Flipkart was acquired by Walmart in 2018 and continues to be one of the leading e-commerce platforms in India.

Founder: Sachin Bansal, Binny Bansal

Founded: 2007

MakeMyTrip

Online travel agent (OTA) MakeMyTrip offers air tickets, customised holiday packages, hotel bookings, railway tickets, and a plethora of other travel-related services to its customers.

Founder: Deep Kalra, Keyur Joshi, and Rajesh Magow

Founded: 2000

Mu Sigma

Mu Sigma is a Bengaluru-based data science and analytics firm. The data analytics firm boasts a clientele of over 140 Fortune 500 companies such as Microsoft Corp, Walmart Stores Inc, Dell Inc, and Pfizer Inc.

Founder: Dhiraj Rajaram

Founded: 2004

Ola

A ride-hailing platform, Ola has been offering a variety of transportation services including taxis, autos, and electric vehicles. Ola has diversified its services with offerings in food delivery and financial services, and it operates in multiple countries, including Australia and the UK.

Founder: Bhavish Aggarwal, Ankit Bhati

Founded: 2010

Snapdeal

Snapdeal is a Delhi-NCR-based e-commerce platform. Snapdeal claims to have 40.15 Mn monthly active users with over 200 Mn app installations.

Founder: Rohit Bansal and Kunal Bahl

Founded: 2010

Info Edge

Info Edge is a Delhi NCR-based discovery platform that runs jobs classifieds website Naurki.com and matrimony website Jeevansaathi.com, real estate platform 99Acres.com, and education consultancy platform Shiksha.com.

Founder: Sanjeev Bikhchandani

Founded: 1995

Quikr

Quikr is a Bengaluru-based online classifieds marketplace. The company allows its users to post classified advertisements on its online platforms.

Founder: Pranay Chulet

Founded: 2008

Zoho

Zoho Corporation is an Indian multinational technology company that makes computer software and web-based business tools. It is best known for its online office suite offering Zoho Office Suite. 

Founder: Sridhar Vembu and Tony Thomas, Zoho

Founded: 1996

Zomato

A restaurant discovery and food delivery service, Zomato offers reviews, ratings, and online ordering. Zomato has expanded its services to include grocery delivery and operates internationally in several countries.

Founder: Deepinder Goyal, Pankaj Chaddah

Founded: 2008

2017

ReNew Power

ReNew Power is a Delhi-NCR-based energy tech startup. It is a renewable energy-independent power producer (IPP). It develops, builds, owns, and operates utility-scale wind energy, solar energy, and hydro projects. 

Founder: Sumant Sinha

Founded: 2011

2018

Billdesk

Mumbai-based IndiaIdeas.com Ltd operates BillDesk. In 2021, Prosus, a global consumer internet group that operates the fintech company PayU, acquired BillDesk for $4.7 Bn. 

Founder: MN Srinivasu, Ajay Kaushal, and Karthik Ganapathy

Founded: 2000

BYJU’S

The ed-tech startup has a presence in 7 countries and more than 150 Mn students on its platform. BYJU’S flagship app, BYJU’S – The Learning App, has students from more than 1,700 cities.

Founder: Byju Raveendran

Founded: 2011

Freshworks

Freshworks offers a suite of softwares for customer management, which includes an artificial intelligence-powered chatbot and messaging platform for customer support, as well as call centre-based solutions for customer service resolutions.

Founder: Girish Mathrubootham and Shan Krishnasamy

Founded: 2010

OYO

This hospitality chain offers affordable and standardised accommodation across various locations. OYO has expanded globally and offers a range of services including hotels, homes, and coworking spaces.

Founder: Ritesh Agarwal

Founded: 2013

One97 Communications (Paytm)

Paytm started as a mobile recharge platform and has expanded into e-commerce, financial services, and digital payments. Paytm is a major player in the fintech sector, providing a range of services including bill payments, ticket booking, and investment solutions.

Founder: Vijay Shekhar Sharma

Founded: 2000

PhonePe

PhonePe is a fintech platform that provides multiple financial services such as bank transfers, UPI-based payments, mobile recharges, and bill payments.

Founder: Burzin Engineer, Rahul Chari, and Sameer Nigam

Founded: 2015

PolicyBazaar

An online comparison platform for insurance and financial products, it is helping users make informed decisions. PolicyBazaar has disrupted the insurance industry with its user-friendly platform and extensive product offerings.

Founder: Yashish Dahiya, Alok Bansal, Arjun Sethi

Founded: 2008

Rivigo

This is a logistics and supply chain company offering technology-driven solutions for freight and transport. Rivigo focuses on improving efficiency and reliability in the logistics sector through its innovative platform.

Founder: Deepak Garg, Gazal Kalra

Founded: 2014

Swiggy

This famous food delivery platform offers a wide range of restaurant and grocery delivery options. Swiggy has expanded its services to include Swiggy Instamart for quick grocery delivery and other innovations.

Founder: Sriharsha Majety, Nandan Reddy, Rahul Jaimini

Founded: 2014

Udaan

It is a B2B e-commerce platform connecting manufacturers with retailers and wholesalers across India. Udaan aims to streamline supply chains and distribution processes for small and medium-sized businesses.

Founder: Amod Malviya, Sujeet Kumar, Vaibhav Gupta

Founded: 2016

2019

BigBasket

The grocery delivery startup BigBasket has not only evolved but also witnessed a rapid change in consumer behaviour, especially during the pandemic.

Founder: VS Sudhakar, Hari Menon, Vipul Parekh, V S Ramesh and Abhinay Choudhari

Founded: 2011

Delhivery

This is a logistics and supply chain services company that provides parcel delivery and supply chain solutions. Delhivery has a comprehensive logistics network and is a key player in India's rapidly growing logistics sector.

Founder: Sahil Barua, Suraj Saharan, and others

Founded: 2011

Dream11

This is a fantasy sports platform where users create virtual teams and compete for cash prizes. Dream11 is a leader in India's fantasy sports industry and has significant engagement in cricket and other sports.

Founder: Harsh Jain, Bhavit Sheth

Founded: 2008

Druva

Druva offers cloud data protection and information management solutions to enterprises by leveraging the public cloud with an integrated cloud management console.

Founder: Jaspreet Singh, Milind Borate, and Ramani Kothandaraman

Founded: 2008

Icertis

Icertis is a SaaS company that provides contract management services to enterprises. The company’s flagship product, Icertis Contract Management (ICM), can manage sell-side, buy-side, and corporate enterprise contracts across the globe.

Founder: Monish Darda and Samir Bodas

Founded: 2009

Lenskart

Lenskart is a Delhi-NCR-based vertical ecommerce startup for the eyewear segment, and other eye care products and services. 

Founder: Amit Chaudhary and Peyush Bansal

Founded: 2011

Ola Electric

Ola Electric focuses on electric mobility, including the development of electric scooters and infrastructure.

Founder: Bhavish Aggarwal, Ankit Bhati

Founded: 2017

2020

Cars24

Cars24 is an e-commerce platform for pre-owned vehicles, including cars and bikes. In 2019, it also procured a non-banking financial company (NBFC) license from the Reserve Bank of India (RBI) to venture into the consumer lending business.

Founder: Vikram Chopra, Gajendra Jangid, Ruchit Agarwal and Mehul Agrawal

Founded: 2015

FirstCry

FirstCry offers different categories of baby and kids products from clothing to other essentials. Besides the online presence, the startup also has a retail footprint. 

Founder: Supam Maheshwari and Amitava Saha

Founded: 2010

Glance

Glance delivers AI-driven personalised content in multiple languages, including English, Hindi, Tamil, Telugu and Bahasa, on the lock screen of Android smartphones. 

Founder: Naveen Tewari, Abhay Singhal, Mohit Saxena, and Piyush Shah

Founded: 2019

Nykaa

Nykaa is an e-commerce platform specialising in beauty and wellness products, as well as fashion items. Nykaa integrates online and offline retail, with physical stores complementing its digital presence.

Founder: Falguni Nayar

Founded: 2012

Pine Labs

This payment solutions company provides point-of-sale terminals and digital payment services. Pine Labs is a major player in the payments sector, offering a range of solutions for merchants and consumers.

Founder: Lokvir Kapoor

Founded: 1998

Postman

Postman is a San Fransico and Bengaluru-based B2B SaaS startup. Postman helps developers and companies build new applications through the application programming interface (API) workflow.

Founder: Abhinav Asthana, Abhijit Kane, and Ankit Sobti

Founded: 2014

Razorpay

It is a payment platform offering payment gateways, business banking solutions, and financial management tools. Razorpay is known for its innovation in the payment processing space, providing a seamless experience for businesses and consumers.

Founder: Harshil Mathur, Shashank Kumar

Founded: 2014

Unacademy

An online learning platform, it has been offering courses and tutorials across various subjects. Unacademy has expanded its offerings to include live classes and interactive learning experiences.

Founder: Gaurav Munjal, Roman Saini, Hemesh Singh

Founded: 2015

VerSE Innovation (DailyHunt)

The Bengaluru-based content startup rebranded as DailyHunt in 2015. Dailyhunt claims to have 350 Mn+ monthly users, while it offers content in 15 languages from an ecosystem of over 100K content partners and individual content creators.

Founder: Umesh Kulkarni and Chandrashekhar Sohoni

Founded: 2009

Zenoti

This enterprise provides cloud-based software solutions for the wellness and beauty industry, including salon and spa management tools. Zenoti helps businesses in the wellness sector streamline operations and enhance customer experiences with its technology.

Founder: Sudheer Koneru

Founded: 2010

Zerodha

It is an Indian financial services company and stock broker that offers online trading platforms and tools for investing in stocks, derivatives, mutual funds, and more.

Founder: Nithin Kamath and Nikhil Kamath

Founded: 2010

2021

Acko

An insurance technology company, Acko offers a range of insurance products with a focus on digital distribution. This enterprise leverages technology to provide innovative and customer-centric insurance solutions.

Founder: Varun Dua

Founded: 2016

Apna

Apna is a job search and networking platform tailored for blue-collar workers and professionals. Apna facilitates job discovery and career growth for a diverse range of workers through its digital platform.

Founder: Nirmit Parikh, and others

Founded: 2019

BharatPe

BharatPe provides a unified payments and lending platform for small merchants, offering tools for digital transactions and credit. The brand aims to empower small businesses with accessible financial solutions and digital payment options.

Founder: Ashneer Grover, Shashvat Nakrani

Founded: 2018

Blackbuck

Blackbuck connects businesses with truck owners and freight operators. The Bengaluru-based logistics startup lists truck services on its platform and does an intelligent match for customers, based on their requirements.

Founder: Rajesh Yabaji, Chanakya Hridaya, and Rama Subramaniam

Founded: 2015

Blinkit (Grofers)

Grofers, now rebranded as Blinkit, initially started as an on-demand pick-up and drop-off service and later forayed into the grocery business. After Zomato invested in it last year, Grofers rebranded itself as Blinkit to focus on quick commerce. 

Founder: Saurabh Kumar and Albinder Dhindsa

Founded: 2013

Browserstack

Browserstack is a software and mobile app testing cloud platform. Earlier this year, BrowserStack announced the launch of BrowserStack Champions, a community program to bring together the thought leaders of software testing and development.

Founder: Ritesh Arora and Nakul Aggarwal

Founded: 2011

CarDekho

CarDekho is an Indian search and e-commerce platform for new and used cars. It also has an insurance vertical. 

Founder: Amit Jain and Anurag Jain

Founded: 2007

Chargebee

Chargebee is a revenue management platform that automates revenue operations of over 4,000 high-growth subscription-based businesses.

Founder: Krish Subramanian, Rajaraman Santhanam, Saravanan KP and Thiyagarajan T

Founded: 2011

CoinDCX

A cryptocurrency exchange, CoinDCX is offering a wide range of digital currencies and trading options. CoinDCX aims to broaden cryptocurrency adoption in India with its comprehensive trading platform.

Founder: Sumit Gupta, Neeraj Khandelwal

Founded: 2018

CoinSwitch Kuber

A cryptocurrency trading platform, it allows users to buy and sell various digital currencies. CoinSwitch Kuber has made cryptocurrency trading more accessible and user-friendly for the Indian market.

Founder: Ashish Singhal, and others

Founded: 2017

CRED

CRED offers premium credit card users rewards and benefits for paying credit card bills. It has also been working on ancillary services built around its primary ecosystem of credit card-centric services.

Founder: Kunal Shah

Founded: 2018

Cure.Fit

CureFit uses an online-offline model to offer physical fitness (Cult.fit), mental fitness (Mind.fit), and nutrition (Eat.fit). It also has a primary care vertical (Care.fit).

Founder: Mukesh Bansal and Ankit Nagori

Founded: 2016

Digit Insurance

It’s a digital-first insurance company providing a range of insurance products with a focus on user experience. Digit Insurance aims to simplify insurance by offering a seamless and customer-centric approach.

Founder: Kamesh Goyal, Peter Abel

Founded: 2016

Droom

Droom provides an online platform where users can buy and sell used and new automobiles in India and other emerging markets. Droom has four marketplace formats — B2C, C2C, C2B, and B2B, and three pricing formats — fixed price, best offer and auction.

Founder: Sandeep Agarwal

Founded: 2014

EaseMyTrip

EaseMyTrip allows its customers to book air, rail and bus tickets, hotel and holiday packages, and also offers other travel services.

Founder: Nishant Pitti, Rikant Pitti and Prashant Pitti

Founded: 2008

Eruditus

Eruditus offers executive education programmes in association with global business schools such as MIT, Columbia, Harvard Business School, INSEAD, Tuck at Dartmouth, Wharton, UC Berkeley and London Business School.

Founder: Chaitanya Kalipatnapu and Ashwin Damera

Founded: 2010

GlobalBees

This venture invests in and acquires seller businesses on Amazon India, Flipkart and other e-commerce marketplaces. 

Founder: Nitin Agarwal, Supam Maheshwari

Founded: 2021

Good Glamm Group

The Good Glamm Group built the direct-to-consumer makeup brand MyGlamm. The Good Glamm Group runs multiple brands, including MyGlamm, MomsCo, POPxo and Baby Chakra, Plixxo, and ScoopWhoop, among others. 

Founder: Darpan Sanghvi

Founded: 2015

Groww

It’s an investment platform offering mutual funds, stocks, and other financial products. Groww has simplified the investment process and is popular for its user-friendly interface and diverse product offerings.

Founder: Lalit Keshre, Neeraj Singh, and others

Founded: 2016

Gupshup

Gupshup is a conversational messaging platform that caters to businesses from multiple sectors, including banking, e-commerce, hospitality, consumer goods and more. 

Founder: Beerud Sheth

Founded: 2004

Infra.Market

This is a B2B platform specialising in construction materials and infrastructure. Infra.Market leverages technology to streamline procurement processes in the construction industry.

Founder: Souvik Sengupta, Mikhail Pansare

Founded: 2016

Innovaccer

Innovaccer is a health-tech SaaS startup based out of Delhi-NCR. Innovaccer unifies previously siloed data and helps healthcare providers achieve better care quality at a lower cost.

Founder: Kanav Hasija, Abhinav Shashank and Sandeep Gupta

Founded: 2014

Licious

Licious is an online platform specialising in fresh meat and seafood delivery. It focuses on quality and freshness, delivering a range of meat products directly to consumers.

Founder: Abhay Hanjura, Vivek Gupta

Founded: 2015

Mamaearth

Mamaearth initially started by selling baby care products but gradually moved on to become a complete personal care brand. The startup’s offering consists of a wide range of products, including hair, face and body products.

Founder: Ghazal and Varun Alagh

Founded: 2016

MapmyIndia

MapmyIndia is a digital mapping startup that offers geospatial data services to other companies, along with rivalling Google Maps and Apple Maps for mapping in the country.

Founder: Rakesh Verma

Founded: 1995

Meesho

This is a social commerce platform allowing users to start their own online stores and sell products through social networks. Meesho supports resellers and entrepreneurs with tools and resources to grow their online businesses.

Founder: Vidit Aatrey, Sanjeev Barnwal

Founded: 2015

Mensa Brands

Mensa Brands’ current portfolio includes Pune-based women’s apparel brand Karagiri, Delhi NCR-based jewellery brand Priyaasi, men’s casualwear brand Hubberholme, Mumbai-based men’s casual wear brand Dennis Lingo, women ethnic wear brand Ishin, smart FMCD startup Helea, Jaipur-based ethnic wear brand Anubhutee, Ahmedabad-based men’s care brand Villain and more.

Founder: Ananth Narayanan

Founded: 2021

Mindtickle

Mindtickle is a Pune-based sales enablement platform that focuses on improving the sales function in businesses by understanding ideal sales behaviours, increasing seller knowledge and skill sets, and incorporating real-world feedback from their meetings with customers. 

Founder: Krishna Depura, Deepak Diwakar, and Nishant Mungali

Founded: 2011

MobiKwik

The fintech startup offers multiple financial services. It started its journey as a digital wallet and then pivoted into a horizontal fintech platform that offers multiple financial services, including credit, insurance, and gold loans.

Founder: Bipin Preet Singh and Upasana Taku

Founded: 2009

Mobile Premier League

Mobile Premier League, also known as MPL, is an esports gaming startup that offers various gaming options from skill-based games like daily fantasy sports and chess to casual games such as 8 Ball Pool and Fruit Ninja.

Founder: Shubh Malhotra and Sai Srinivas Kiran G

Founded: 2018

Moglix

Moglix is an e-commerce marketplace for different kinds of industrial tools such as power tools, hand tools, adhesives, safety and security, and electricals. It procures and supplies safety tools, hardware, office supplies and more.

Founder: Rahul Garg

Founded: 2015

NoBroker

NoBroker is a Bengaluru-based real estate platform. It provides verified listings from property owners, without any brokerage fees for middlemen.

Founder: Akhil Gupta, Amit Agarwal, and Saurabh Garg

Founded: 2014

OfBusiness

OfBusiness is primarily a B2B e-commerce marketplace. It also offers working capital financing for the procurement of raw materials to small and medium enterprises (SMEs) in the manufacturing and infrastructure space. Its value-added services also include integrated SaaS products.

Founder: Asish Mohapatra, Ruchi Kalra, Bhuvan Gupta, Nitin Jain, and Vasant Sridhar

Founded: 2015

PharmEasy

This online pharmacy and healthcare platform is providing medicines, diagnostics, and telemedicine services. PharmEasy has expanded its offerings to include lab tests and teleconsultations, enhancing its healthcare services.

Founder: Dharmil Sheth, Dr. Dharmil Sheth, and others

Founded: 2015

Pristyn Care

Pristyn Care is a Gurugram-based health-tech startup. Pristyn offers affordable advanced surgical care to patients through innovative surgical techniques and recovery measures.

Founder: Harsimarbir Singh, Vaibhav Kapoor, and Garima Sawhney

Founded: 2018

Rebel Foods

Rebel Foods is a  Mumbai-based food tech startup. Its house of brands includes Faasos, Behrouz Biryani, Ovenstory Pizza, Mandarin Oak, The Good Bowl, SLAY Coffee, Sweet Truth, Wendy’s and more.

Founder: Jaydeep Barman and Kallol Banerjee

Founded: 2011

ShareChat

A social media platform, ShareChat has been offering regional language content, enabling users to connect and share information. ShareChat has seen significant growth in regional content consumption and has expanded into short video content.

Founder: Ankush Sachdeva, Bhanu A, Gaurav Mishra, and others

Founded: 2015

Slice

slice is a fintech startup that offers payment cards and credit cards to millennial and Generation Z customers. The startup issues credit cards and payment cards to this segment in partnership with Visa and SBM Bank.

Founder: Rajan Bajaj

Founded: 2016

Spinny

Spinny is a Delhi-NCR-based online used car marketplace. It operates across the entire value chain of pre-owned cars and claims to embed superior technology and processes to deliver a premium experience to customers. 

Founder: Niraj Singh, Mohit Gupta and Ramanshu Mahaur

Founded: 2015

upGrad

It offers higher education courses in collaboration with various universities. The startup has been on an acquisition spree this year. It has acquired Insofe, Talentedge, and Work Better this year.

Founder: Ronnie Screwala, Mayank Kumar, Phalgun Kompalli, and Ravijot Chugh

Founded: 2015

Upstox

It’s a digital brokerage platform offering stock trading and investment solutions. Upstox provides a user-friendly interface for trading and investing, making financial markets more accessible to retail investors.

Founder: Ravi Kumar, Sandeep Khera

Founded: 2012

Urban Company

An on-demand home services platform offering beauty services, appliance repairs, and more. Urban Company has expanded its services to several international markets and continues to grow its service portfolio.

Founder: Abhiraj Bhal, Raghav Chandra, Varun Khaitan

Founded: 2014

Vedantu

It’s an online tutoring platform offering live classes and personalised learning solutions. Vedantu focuses on interactive and real-time education to enhance learning experiences for students.

Founder: Vamsi Krishna, and others

Founded: 2014

Zeta

Zeta offers a cloud-native neo-banking platform for the issuance of credit, debit and prepaid products. It also provides digitised solutions to enterprises such as automated cafeteria billing and more.

Founder: Bhavin Turakhia and Ramki Gaddipati

Founded: 2015

Zetwerk

The startup is a manufacturing services platform that connects manufacturing companies with vendors and suppliers for customised products, industrial machine components and other equipment.

Founder: Amrit Acharya, Srinath Ramakkrushnan, and Vishal Chaudhary

Founded: 2018

2022

1mg

It’s an online healthcare platform offering medicines, health products, and diagnostics services. 1mg provides a comprehensive range of health solutions with a focus on convenience and accessibility.

Founder: Prashant Tandon, Gaurav Agarwal, and others

Founded: 2015

Shiprocket

Shiprocket is a Gurugram-based third-party logistics service provider, backed by the likes of Zomato, Temasek, and Bertelsmann. It claims to serve the logistics needs of more than 2.5 Lakh sellers across India.

Founder: Saahil Goel, Vishesh Khurana, Gautam Kapoor and Akshay Gulati

Founded: 2017

5ire

5ire is a 5th generation Layer-1 (L1) blockchain network. 5ire has its own blockchain, called 5irechain, which is based on sustainability and works on a Proof-of-Benefit methodology for consensus.

Founder: Pratik Gauri and Prateek Dwivedi and Vilma Mattila

Founded: 2021

OneCard

OneCard is a Pune-based fintech startup that offers Visa credit cards. Apart from offering credit cards, OneCard also has its own credit score platform called OneScore, which allows users to check their credit scores free of charge.

Founder: Anurag Sinha, Rupesh Kumar and Vaibhav Hathi

Founded: 2018

LeadSquared

LeadSquared offers CRM, marketing and sales software solutions. The startup offers products to verticals such as ed-tech, healthcare, BFSI, real estate, automotive and hospitality. 

Founder: Nilesh Patel, Sudhakar Gorti and Prashant Singh

Founded: 2011

Purplle

Purplle is a Mumbai-based e-commerce startup focused on beauty-oriented products and appliances. It features a range of products from both legacy and new-age beauty companies, having more than 1,000 brands and over 60,000 products listed on its platform.

Founder: Manish Taneja and Rahul Dash

Founded: 2012

PhysicsWallah (PW)

Started as a physics-focused competition prep YouTube channel, PhysicsWallah pivoted to being a full-fledged ed-tech platform in 2020. The ed-tech platform focuses on competitive exam prep for NEET and IIT/JEE alone, with multiple course offerings on its YouTube channel, website and mobile app.

Founder: Alakh Pandey and Prateek Maheshwari

Founded: 2016

Open

It is a neobanking fintech startup that offers business banking, payments, and expense management services to small and midsize businesses (SMBs) across the country. 

Founder: Anish Achuthan, Ajeesh Achuthan, Mabel Chacko, and Deena Jacob

Founded: 2017

Games24x7

Games24x7 is a gaming startup that houses popular brands such as RummyCircle, an online card game, and sports fantasy game My11 Circle. The third product from the startup is U Games, a hub for casual games.

Founder: Bhavin Pandya and Trivikraman Thampy

Founded: 2006

Oxyzo

Oxyzo is the financial arm of B2B commerce unicorn OfBusiness. It is a lending platform that provides cash flow and matched working capital financing for buying new materials for SMEs in the manufacturing and contracting sectors.

Founder: Asish Mohapatra and Ruchi Kalra

Founded: 2016

Amagi

Amagi offers creation, distribution, and monetisation tools for live, linear, and on-demand channels across cable, OTT, and free ad-supported streaming TV platforms.

Founder: Baskar Subramanian, Srinivasan KA, and Srividhya Srinivasan

Founded: 2008

CredAvenue

CredAvenue is a debt platform that connects enterprises with lenders and investors. Its offerings include CredLoan, CredCoLend, Plutus, CredSCF, and CredPool.

Founder: Gaurav Kumar

Founded: 2017

Hasura

Hasura provides data access and data flow tools and services via GraphQL APIs, a solution to accelerate product and data delivery. The company’s technology automatically creates real-time GraphQL APIs, granting customers instant access to their data via secure APIs.

Founder: Tanmai Gopal and Rajoshi Ghosh

Founded: 2018

Uniphore

Conversational automation startup Uniphore combines conversational AI, workflow automation, and RPA (Robotic Process Automation) in a single integrated platform to transform and democratise customer experience across industries.

Founder: Ravi Saraogi and Umesh Sachdev

Founded: 2008

Xpressbees

The startup, which began its operations under Supam Maheswari’s FirstCry, later spun off to operate independently in 2015. The logistics startup claims to have operations across 3,000 cities and delivers across 20,000 pin codes. 

Founder: Amitava Saha, Supam Maheshwari

Founded: 2015

Livspace

Livspace is a curated marketplace that provides an end-to-end home design experience. The startup’s online marketplace also offers software tools that can help designers and homeowners design interiors.

Founder: Anuj Srivastava and Ramakant Sharma

Founded: 2014

ElasticRun

ElasticRun’s tech platform acts as an extended arm of FMCG companies’ direct distribution networks in rural areas and enables these businesses to reach small ’Kirana’ stores in the hinterland.

Founder: Sandeep Deshmukh, Saurabh Nigam and Shitiz Bansal

Founded: 2016

DealShare

DealShare is a social e-commerce marketplace. It enables first-time internet users to shop online. The startup sells grocery and household essential products through social media and messenger platforms like WhatsApp. 

Founder: Vineet Rao, Sourjyendu Medda, Sankar Bora and Rajat Shikhar

Founded: 2018

Darwinbox

Darwinbox is a cloud-based HRtech startup that caters to companies’ HR needs across recruitment, onboarding, core transactions (leaves, attendance, directory), payroll, travel and people analytics, among others.

Founder: Chaitanya Peddi, Jayant Paleti and Rohit Chennamaneni

Founded: 2015

LEAD

LEAD is a Mumbai-based ed-tech startup focusing on enabling better school education using technology. LEAD offers a range of services, including full-stack school ed-tech solutions targeting students, especially in non-metro cities.

Founder: Sumeet Mehta and Smita Deorah

Founded: 2012

Fractal

Fractal provides artificial intelligence and advanced analytics solutions. The AI and advanced analytics solutions startup employs people across 16 locations globally, including India, the US, the UK, and Singapore, among others.

Founder: Srikanth Velamakanni and Pranay Agrawal, Nirmal Palaparthi, Pradeep Suryanarayan and Ramakrishna Reddy

Founded: 2000

boAt

boAt has become a household name in India’s consumer electronics market. boAt offers 100+ products across categories, including headphones, smartwatches, speakers, gaming accessories and personal care appliances.

Founder: Aman Gupta and Sameer Mehta

Founded: 2015

2023

InCred

InCred Group operates in the BFSI sector through three separate entities – lending vertical InCred Finance, wealth and asset management company InCred Capital, and InCred Money which deals in retail bonds and alternative investments. 

Founder: Bhupinder Singh

Founded: 2016

Zepto

A quick-commerce platform, Zepto delivers groceries and essentials within minutes. Zepto operates in the rapid delivery space, offering hyperlocal delivery services to meet urgent customer needs.

Founder: Aadit Palicha, Kaivalya Vohra

Founded: 2020

2024

Perfios 

Perfios, a fintech SaaS firm, supports financial institutions with data management solutions. It became a unicorn in 2024 after securing $80 Mn in funding, totaling over $439 Mn.  

Founders: VR Govindarajan, Debasish Chakraborty  

Founded: 2008

Krutrim

Krutrim, founded in April 2023 by Bhavish Aggarwal, is an AI startup specialising in advanced LLMs that support 20+ Indian languages. The company became India’s first AI unicorn in January 2024 with a $50 Mn funding round.  

Founder: Bhavish Aggarwal  

Founded: 2023