The 10 Most Promising Unicorns Emerging from India

Innovative businesses are proliferating in India’s tech environment; a considerable number of these have attained unicorn status, or a valuation of more than $1 billion. These unicorns stand for the nation’s expanding prominence in the global tech industry as well as its spirit of entrepreneurship.

The unicorn club in India is flourishing, and these ten firms are at the forefront of changing the tech scene in the nation. They not only provide profitable investment prospects but also exemplify the spirit of invention and entrepreneurship that characterizes India’s budding startup ecosystem as they carry on innovating and expanding their offerings. Watch these unicorns as they take off in the future and reach increasingly higher altitudes.

Name	Founders	Founded In	Valuation
Zepto	Aadit Palicha, Kaivalya V.	2020	$1.4 Billion
Physics Wallah	Alakh Pandey, Prateek Maheshwari	2014	$1.1 Billion
LeadSquared	Anand Kumar, Nilesh Patel, Prashant Singh, Sudhakar Gorti, Sukhbir Kalsi	2011	$1 Billion
ElasticRun	Sandeep Deshmukh, Saurabh Nigam, Shitiz Bansal	2016	$1.4 Billion
DealShare	Rajat Shikhar, Sankar Bora, Sourjyendu Medda, Vineet Rao	2018	$1.6 Billion
XpressBees	Amitava Saha, Supam Maheshwari	2015	$1.2 Billion
Open	Ajeesh Achuthan, Anish Achuthan, Deena Jacon, Mabel Chacko	2017	$1 Billion
Games24x7	Bhavin Pandya, Trivikraman Thampy	2006	$2.5 Billion
Darwinbox	Chaitanya Peddi, Jayant Paleti, Rohit Chennamaneni	2015	$1 Billion
Oxyzo	Asish Mohapatra, Bhuvan Gupta, Ruchi Kalra	2016	$1 Billion

1. Zepto

Founders: Aadit Palicha, Kaivalya V.
Founded In: 2020
Valuation: $1.4 Billion
Investors Include: Goodwater Capital, StepStone Group, Y Combinator Continuity Fund

Zepto, a well-known Indian grocery delivery startup, transformed the local market by guaranteeing quick 10-minute grocery delivery. With its network of cloud stores and tiny warehouses located in congested urban areas, Zepto competes against established players like Swiggy, Grofers, Dunzo, and BigBasket, promising swift commerce delivery in under 45 minutes.

By rapidly expanding its cloud stores and crew, Zepto focuses on quick, efficient, and dependable service to match the soaring demand for online grocery shopping, which is predicted to exceed $5 billion by 2025.

2. Physics Wallah

Founders: Alakh Pandey, Prateek Maheshwari
Founded In: 2014
Valuation: $1.1 Billion
Investors Include: iNeuron.ai

Physics Wallah is an engaging educational platform that aims to provide live and interactive lectures to millions of students to help them get ready for exams like JEE and NEET. This platform guarantees that students will acquire problem-solving abilities and quickly understand complicated concepts through the use of skilled professors and comprehensive study materials.

With Physics Wallah, students learning remotely can access educational resources at their fingertips and excel academically. Their regular tests allow students to track progress and experience a variety of exam questions.

3. LeadSquared

Founders: Anand Kumar, Nilesh Patel, Prashant Singh, Sudhakar Gorti, Sukhbir Kalsi
Founded In: 2011
Valuation: $1 Billion
Investors Include: Westbridge Capital, International Finance Corporation, Gaja Capital

LeadSquared is a state-of-the-art platform for marketing automation and sales solutions designed to increase productivity and efficiency in a range of industries. By offering sector-specific CRM solutions, the platform guarantees a 100% response rate and shortens lead turnaround times for businesses in the healthcare, education, financing, and other sectors.

LeadSquared improves sales velocity and revolutionizes sales processes with its no-code interface. LeadSquared is an innovative solution that streamlines sales and marketing operations and has been shown to achieve up to 50% more loan sales.

4. ElasticRun

Founders: Sandeep Deshmukh, Saurabh Nigam, Shitiz Bansal
Founded In: 2016
Valuation: $1.4 Billion
Investors Include: Goldman Sachs, SoftBank Vision Fund, Avatar Venture Partners

ElasticRun offers a B2B e-commerce solution that is second to none, giving FMCG and grocery businesses unparalleled direct access to rural consumers. Through their vast network, brands may reach over 10 million small stores located in rural India.

ElasticRun’s distinctive logistics network enables online retailers like Amazon & Flipkart to reach customers in remote areas. It also gives banking organizations the authority to provide financial services in certain locations. In India, ElasticRun is still transforming last-mile deliveries and giving marketers access to useful real-time consumption data.

5. DealShare

Founders: Rajat Shikhar, Sankar Bora, Sourjyendu Medda, Vineet Rao
Founded In: 2018
Valuation: $1.6 Billion
Investors Include: Tiger Global Management, Alpha Wave Global

In India, DealShare is leading the way in innovative digital shopping. This social ecommerce company, which has over 94 million customers and operates in over 94 Indian cities, has revolutionized online shopping by primarily focusing on offering reasonably priced online shopping platforms in eight different Indian languages. Even now, it’s making progress toward opening up the digital market to the general public.

DealShare’s main goal is to make internet shopping easier and more accessible by offering local offers and customized catalogs in regional tongues. Additionally, the company supports and nurtures small- to medium-sized local businesses and is making waves by bringing on fresh talent to further improve the online shopping experience and improve Indians’ quality of life, indicating a strong commitment to domestic expansion and progress.

6. XpressBees

Founders: Amitava Saha, Supam Maheshwari
Founded In: 2015
Valuation: $1.2 Billion
Investors Include: Investcorp, Avendus Future Lenders, Blackstone Group

In the Indian logistics sector, XpressBees is a formidable force to be reckoned with, providing a broad spectrum of solutions from 3PL services to end-to-end supply chain management. This firm provides services to more than 52 airports in India, covering more than 20,000 PIN numbers nationwide.

XpressBees offers e-commerce clients fast delivery and round-the-clock order fulfillment in addition to their amazing geographic reach. The company has established collaborations with prominent ecommerce organizations, like Snapdeal, Paytm Mall, and Meesho, demonstrating its commitment to providing personalized service and dependability. With the ability to manage more than 3 million shipments daily via a network of 3,000 offices and service locations, XpressBees demonstrates its dedication to effectiveness and client happiness.

7. Open

Founders: Ajeesh Achuthan, Anish Achuthan, Deena Jacon, Mabel Chacko
Founded In: 2017
Valuation: $1 Billion
Investors Include: IIFL Finance, Temasek Holdings

Open is changing business finance by providing business owners with an all-in-one platform to manage their payments in a streamlined and effective way. With accounting software, users can link their current accounts, generate invoices, reconcile payments, and even keep track of their bills from a single dashboard.

By offering a comprehensive picture of banking, payments, and accounting procedures on a single platform, Open leads the way in streamlining the financial management process for businesses. It facilitates automated payables tracking, GST-compliant invoicing, and a range of digital payment options, which simplify vendor payments and financial reconciliations. To further streamline financial procedures, the platform guarantees that firms receive their settlements straight into their bank accounts.

8. Games24x7

Founders: Bhavin Pandya, Trivikraman Thampy
Founded In: 2006
Valuation: $2.5 Billion
Investors Include: Malabar Investment Advisors, Tiger Global Management, The Raine Group

Situated at the nexus of India’s gaming and tech industries, Games24x7 is a company that epitomizes innovative market practices. This startup uses machine learning and data analytics to give its users individualized gaming experiences. It guarantees a flawless user experience by emphasizing the use of data analytics to understand player behavior.

The RummyCircle and My11Circle web platforms, which have revolutionized fantasy sports in India, are among the startup’s most notable achievements. Furthermore, they don’t just target Indian gamers; their U Games studio serves as a creative hotspot for making casual games for a worldwide audience. Along with offering information and guidance to aspiring business owners, they also invest in early-stage firms. Games24x7 has established itself as a pioneer in the gaming sector in India and abroad because to its strong technological foundation, which guarantees seamless experiences for gamers at scale.

9. Darwinbox

Founders: Chaitanya Peddi, Jayant Paleti, Rohit Chennamaneni
Founded In: 2015
Valuation: $1 Billion
Investors Include: State Bank of India, Microsoft, Salesforce Ventures

Darwinbox is a cutting-edge HR management tool that is changing the way businesses handle their HR departments. Darwinbox is a comprehensive, cutting-edge solution that prioritizes improving productivity, fostering self-service skills, and improving the employee experience.

Darwinbox demonstrates a remarkable flair for efficiency and effectiveness, from assisting businesses in ranking among “Greatest Places to Work” lists to expediting scale-up plans with a mobile-first HRMS. Over 850 businesses in 116 countries are using Darwinbox’s widely renowned HCM solution, which outperforms rivals like SAP and Oracle and affects 2.2 million workers. Their HR and employee experiences are smooth thanks to their integrated HRMS platform, which is helping businesses all over the world undergo digital transformation.

10. Oxyzo

Founders: Asish Mohapatra, Bhuvan Gupta, Ruchi Kalra
Founded In: 2016
Valuation: $1 Billion
Investors Include: Alpha Wave Global, Norwest Venture Partners, Tiger Global Management

With a focus on SMEs, Oxyzo has become a trailblazing provider of financial solutions. They assist businesses with a variety of issues, from obtaining raw materials to meeting immediate cash demands, through their financial solutions. Oxyzo’s unique strategy is based on the utilization of digital platforms and application processes for transparency and competitive pricing.

By offering credit lines that strengthen operations, boost sales, and improve profit margins, they hope to turn SMEs into huge corporations. Existing clients value Oxyzo’s working capital solutions for their beneficial contribution to better cash flow and liquidity management.

As Oxyzo keeps improving the loan application procedure and guarantees prompt disbursements, their consumers frequently commend them for helping businesses grow and make money through better cash flow management.

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