Top 10 Unicorn Start-Ups in India to Watch Out for 2023

The top 10 unicorn start-ups in India to watch out for 2023

The term “unicorn” is used to describe a start-up company that has achieved a valuation of over $1 billion. These companies are rare and highly sought-after, as they have the potential to disrupt entire industries and change the way we live and work. In this article, we will explore the top 10 unicorn start-ups in India to watch out for in 2023.

1. Flipkart is an e-commerce giant that was founded in 2007 by Sachin and Binny Bansal. The company has grown exponentially in the past few years and is now valued at over $24 billion. Flipkart is known for its wide range of products and competitive prices, and it has helped drive the growth of online shopping in India. Flipkart has also made strategic acquisitions, including the acquisition of Myntra, a fashion e-commerce company, and PhonePe, a digital payments company.

2. Ola is a ride-hailing service that was founded in 2010 by Bhavish Aggarwal and Ankit Bhati. The company has grown rapidly and is now valued at over $7 billion. Ola has a strong presence in India and is expanding into other countries, including Australia, the UK, and New Zealand. In addition to its ride-hailing service, Ola has also launched a range of other services, including Ola Electric, which focuses on electric vehicles, and Ola Food, which offers food delivery.

3. Paytm is a digital payments company that was founded in 2010 by Vijay Shekhar Sharma. The company has grown significantly in the past few years and is now valued at over $16 billion. Paytm is known for its innovative payment solutions and has helped drive the adoption of digital payments in India. Paytm has also diversified into other areas, including financial services and e-commerce.

4. Swiggy is a food delivery service that was founded in 2014 by Sriharsha Majety, Nandan Reddy, and Rahul Jaimini. The company has experienced rapid growth and is now valued at over $5 billion. Swiggy is known for its wide range of restaurants and efficient delivery service, and it has helped drive the growth of online food delivery in India. Swiggy has also launched a range of other services, including Swiggy Go, which offers same-day delivery for non-food items, and Swiggy Stores, which allows customers to order groceries and other household items

5. Zomato is a food delivery and restaurant discovery service that was founded in 2008 by Deepinder Goyal and Pankaj Chaddah. The company has grown significantly in the past few years and is now valued at over $5 billion. Zomato is known for its wide range of restaurants and efficient delivery service, and it has helped drive the growth of online food delivery in India.

6. OYO is a hotel booking and hospitality company that was founded in 2013 by Ritesh Agarwal. The company has grown rapidly and is now valued at over $10 billion. OYO is known for its affordable and consistent hotel rooms, and it has disrupted the traditional hotel industry in India.

7. Udaan is a business-to-business e-commerce platform that was founded in 2016 by Amod Malviya, Sujeet Kumar, and Vaibhav Gupta. The company has experienced rapid growth and is now valued at over $5 billion. Udaan is known for its wide range of products and efficient delivery service, and it has helped drive the growth of online shopping in India.

8. Byju’s is an education technology company that was founded in 2011 by Byju Raveendran. The company has grown significantly in the past few years and is now valued at over $11 billion. Byju is known for its innovative learning methods and has helped drive the adoption of online education in India.

9. PolicyBazaar is an insurance comparison and financial planning platform that was founded in 2008 by Yashish Dahiya, Alok Bansal, and Avaneesh Nirjar. The company has grown significantly in the past few years and is now valued at over $1 billion. PolicyBazaar is known for its innovative insurance solutions and has helped drive the adoption of online insurance in India.

10. Big Basket: Big Basket is a start-up company that has achieved significant growth and has been valued at over $1 billion, making it a unicorn in the tech industry. Founded in 2011 in Bangalore, India, Big Basket began as an online grocery store and has since expanded to offer a wide range of household essentials. The company has experienced rapid growth and has become one of the leading online grocery stores in India, with a strong presence in major cities across the country. Despite facing competition from other online and brick-and-mortar retailers, Big Basket has managed to maintain its position as a top player in the Indian market due to its focus on customer satisfaction and convenience.