As of May 2024, India’s startup ecosystem is a powerhouse, ranking third in the world for the number of unicorns—startups valued at over $1 billion. Collectively, these unicorns are valued at an impressive $349.67 billion. In today’s fast-moving economy, Indian unicorns are not just innovating with cutting-edge solutions and technologies, but they are also driving substantial job creation and economic growth. A unicorn startup is a term used to describe a privately held startup company with a valuation of over $1 billion.
Company
Sector
Valuation ($B)
Ather Energy
Mobility – Electric
1.3
Rapido
Mobile App (Taxi Booking – Bikes)
1
Perfios
Fintech -Credit Assessment
1
Krutrim
Conversational AI
1
InCred Finance
NBFC
1.04
Zepto
E-Commerce – Groceries
3.6
BoAt
IT Products (Hardware – Consumer Electronics)
1.4
Molbio Diagnostics
Healthtech – Diagnostics
1.53
Shiprocket
Aggregator – Logistics Services
1.23
OneCard
Fintech – Credit Cards
1.3
Leadsquared
SaaS – CRM
1
Purplle
E-Commerce – Personal Care & Cosmetics
1.1
PhysicsWallah
Edtech
1.1
Open Financial Technologies
Fintech – Neo Bank
1
Games24x7
Gaming
2.5
Oxyzo Financial Services
Fintech – Marketplace – SME Lending
1
Amagi Media Labs
SaaS – Local Ads Targeting
1
Yubi (Formerly Known as CredAvenue)
Marketplace – Lending
1.3
Hasura
SaaS – Programming Tools
1
Uniphore Software Systems
SaaS – Conversational Service Automation
2.5
XpressBees Logistics
Logistics Services
1.2
LivSpace
Interior Design – Modular Kitchens & Home Products
