Unicorns are companies which manage to reach the $1bn mark. Across the world, 163 unicorn companies are registered out of which 9 companies are Indian.
Listed below are the Indian companies which have earned the status of being a unicorn:
Started with just 4 lakhs, this Indian e-commerce giant is currently funded by Accel, Ballie Gifford, Dragoneer Investment Group, DST global, GIC, Greenoaks Capital, Iconiq Capital, Morgan Stanley, Naspers, Qatar Investment Authority, Singapore GIC, Sofina, Steadview Capital, Tiger Global Management, T.Rowe Price and Vulcan Capital. Flipkart has a subscriber base of 26 million and a huge turnover which gives stiff competition to Amazon.
With over 19 investors in their kitty, Ola has bagged funding of almost $1.8bn which makes it a popular unicorn. The taxi aggregation company has also forayed into autos, shared cabs and shuttles which has helped in improving its popularity and appeal to the customers.
Founded by Vijay Sharma, this mobile wallet has tie-ups with various companies like Bookmyshow, Foodpanda and PVR and is looking to open its new bank. In 2016, after demonetisation, the subscribers trebled and helped Paytm reach 122 million users and attain the status of being a unicorn.
Apart from India, this food listing website is spread across United Kingdom, Sri Lanka, Qatar, Philippines, South Africa, Turkey, New Zealand, Brazil, Indonesia and Portugal. Started by Pankaj Chaddah and Deepinder Goyal, this unicorn boasts of total equity funding of $ 223.8 million in 8 rounds by four investors namely Info Edge, Sequoia Capital, Temasek Holdings, Vy Capital.
Founded by Dhiraj C Rajaram, MuSigma helps companies institutionalize data-driven decision making and harness big data. MuSigma has almost 150 Fortune listed companies as clients and has received funding of approximately $211 million from 3 investors namely General Atlantic, Master Card and Sequoia Capital.
Started by Naveen Tewari, Amit Gupta, Abhay Singhal and Mohit Saxena, this company supercharged into the status of being a unicorn as it is funded by 5 investors and received $220.6 million. The company deals in big data, user behaviour, and cloud-based which helps other companies understand and use mobile advertising better.
Founded by Pranay Chulet and Jiby Thomas, this website is a community centre for people to buy and sell goods. It has listings in over 1000 cities across the country and has raised funding worth $346 million from 10 investors including ebay, Investment AB Kinnevik, Matrix Partners, Matrix Partners India, Nokia Growth Partners, Norwest Venture Partners, Omidyar Network, Steadview Capital, Tiger Global Management and Warburg Pincus.
Another very successful e-commerce website started by Rohit Bansal and Kunal Bahl, features on this list because of their wonderful offers and schemes. This website has raised almost $1.5mn from over 20 investors in the past few years which helped them become a unicorn.
Related Post: FreeCharge story: A journey from Kunal Shah to Snapdeal
This is the third e-commerce company in the list which goes on to show the bright future of Indian e-commerce. Founded by Sanjay Sethi and Radhika Aggarwal, this companies sells over 5 crore products and has raised more than $130 million from six investors despite being fairly new in the game.