India has become a massive hub for some of the biggest and most promising startups in the world right now. From technology, healthcare to fintech, entrepreneurs are leaving no stone unturned to innovate and make customer-centric products that offer a plethora of services. And with more and more startups coming and joining the unicorn club, let's have a look at some of the biggest startups of India, in terms of valuation:
Under its parent company One97Communications, Paytm was founded in 2010 as a multinational technology company that specialises in digital payment system, e-commerce and finance. Over the years, Paytm has become immensely popular in India, with more than 300 million Indians using it to pay at their stores and for other utilities like bill payments, money transfer, booking movies & travel tickets, making credit card payments etc. With a valuation over $16 bn, Paytm has also diversified its arms into the investment and online shopping fields through Paytm Money and Paytm Mall respectively, and it is even rolling out an IPO by the end of October 2021, which is expected to raise the company¡¯s valuation to close to $25 bn.
Started in the year 2011, Byju¡¯s? is India¡¯s largest edtech platform which offers world-class personalised and effective learning experiences and programmes to school students as well as aspirants of competitive exams like JEE, IAS etc. Byju's is valued at over $18 billion, making it the world's most valuable educational technology company.
Another Indian startup that has gained lots of popularity in the past decade or so, is Oyo. Founded in 2013, Oyo is a global platform that empowers entrepreneurs and small businesses with hotels and homes by providing full stack technology. By tying up with Oyo, such people get enabled to increase their earnings and ease operations by bringing in affordable and trusted accommodation that guests can book instantly. Currently valued at close to $9 bn, Oyo has come a long way, from initially consisting mainly of budget hotels in India, it gradually expanded into thousands of hotels, vacation homes and millions of rooms across more than 80 nations, with more than 157,000 storefronts using Oyo¡¯s technology globally.
Launched in the year 2010, ride hailing aggregator Ola is also amongst the most valued startups in India. Valued at around $6.3 bn, Ola is even aiming to roll out an IPO later this year or in early months of the year 2022. Recently,? Ola¡¯s subsidiary Ola Electric has raised more than $200 mn from some of the investors, and Ola has acquired geo-analytics technology platform GeoSpoc in a bid to boost its geospatial services and capabilities.
Founded in 2008, Zomato is an Indian multinational restaurant aggregator and food delivery company. From restaurant information, menu, user reviews, booking tables, discounts, to food delivery options, Zomato offers a wide range of services to its consumers. Valued at close to $5.4 bn, Zomato is pretty much a household name across the country, irrespective of whether one wishes to go out or have the food delivered at home.
By becoming the first Indian gaming company to become a unicorn in 2019, Dream11 has been nothing short of a revolution amongst the fantasy sports platforms. It is an Indian fantasy sports platform that allows users to play fantasy cricket, hockey, football, kabaddi, and basketball. By aiming to offer the best in class fantasy sports experience to all sports fans, Dream 11 aims to host the widest selection of sports, matches,fantasy sports contests, etc, and is currently valued at around?$5bn.
Besides Zomato, another big startup and competitor in India's online food ordering and delivery platform market, is Swiggy. Founded in July 2014, Swiggy aims to build products & solutions that redefine the food ordering & delivery space in India, every single day. Swiggy and Zomato have been changing the way India eats and orders food online, and have been equally successful in creating employment opportunities for the delivery persons and staff which have been instrumental in Swiggy¡¯s valuation currently being around $5bn.
Besides these startups, many other promising and rising startups in India like Messho, ShareChat, Digit Insurance, Groww etc are in the unicorn club with valuations over $1 bn.
One of the most promising startups and unicorns in India, is CRED. It is an Indian fintech company which was founded in 2018, with its main feature being that it allows users to make credit card payments through its app for which they get exclusively rewarded.? Another key benefit of using CRED has been to spot hidden charges in your credit card bills. Gradually, apart from its out of the box marketing ads, CRED has been gaining prominence through added features like allowing users to make house rent payments, introducing short-term credit lines and providing credit score checks and analysis to the users, and its recent fundraising in October 2021 has led to its current valuation of close to?$4.01bn.
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