9 Indian Unicorns – Everything you need to know about

Unicorns are venture-backed private companies valued at $1 billion or more. India has its own billion-dollar startup club; the Indian Unicorn club which have now 9 startups.

VC Backed Indian Companies which are valued over $1Billion Click to Tweet

Companies which are valued over $1Billion are Flipkart, Snapdeal, One97 ( paytm ), Mu-Sigma, Quickr, Shopclues, Inmobi, Ola and Zomato

With the help of research, we have put down few graphs with help of data from WJS.

Total Valuation of startups ( in $ Billion )

indian unicorns

Amount Raised By Unicorns till date:

Indian unicorn companies

Number of Funding Rounds:

list of indian unicorns

Founding year of Startup:

indian unicorn companies

Let’s understand these 9 startups Unicorns in more depth with more detailed information about each.  ( Mu sigma is also considered as US company rather than Indian Unicorn )

Mu Sigma

Latest valuation: $1.5b (February 2013)
Total equity funding: $195m
Valuation-to-funding: 7.7 to 1
Rounds of funding (current): 4
Location: Bangalore
Founded in 2004
CEO: Dhiraj Rajaram (founder)
Competitors: Cognizant Technology Solutions, Tata Consultancy Services, Marketics Technologies India, AbsolutData Technologies, Latentview Analytics

Investors: General Atlantic, Mastercard Advisers, Sequoia Capital

Mu Sigma Inc. is capitalizing on the flood of information pouring through companies.

The Chicago-area data-analytics consulting firm helps customers find answers to queries from the vast stores of data collected by its customers. According to a report in 2014 from IDC, the amount of data generated globally is growing 40% a year and will reach 44 trillion gigabytes by 2020.

Mu Sigma, whose name is derived from the Greek letters used for statistical terms “Mu (μ)” and “Sigma (σ),” was founded in 2004 by CEO and Chairman Dhiraj Rajaram, a former strategy consultant for Booz Allen Hamilton and PricewaterhouseCoopers. He sought to bring mathematics, data and economics together in one business.

Flipkart

Latest valuation: $15.0b (April 2015)

Total equity funding: $3.0b
Valuation-to-funding: 5.0 to 1
Rounds of funding (current): 9
Location: Bangalore, India
Founded in 2007
CEO: Binny Bansal (co-founder)
Competitors: Amazon, Snapdeal, Shopclues

Investors: Accel Partners, Adveq Management, Ballie Gifford, Dragoneer Investment, DST Global, GIC Private, Greenoaks Capital, Helion Venture Partners, Iconiq Capital, IDG Ventures India Advisors, Morgan Stanley Private Equity, Naspers, New Enterprise Associates, Qatar Investment Authority, Sofina, Steadview Capital, Tiger Global Management, T. Rowe Price, TR Capital, Vulcan Capital

Sachin Bansal and Binny Bansal, who are unrelated but share the same last name, both worked at Amazon Web Services in Bangalore before teaming up to develop an e-commerce site for Indians with about 4 lakhs saved from their earnings at Amazon.

Snapdeal

Latest valuation:$5.0b (August 2015)
Total equity funding:$911m
Valuation-to-funding: 5.5 to 1
Rounds of funding (current): 8
Location: New Delhi, India
Founded in 2010
CEO: Kunal Bahl (co-founder)

Competitors: Flipkart, Amazon, shopclues

Investors: Alibaba Group Holding, Bessemer Venture Partners, BlackRock Private Equity Partners, eBay, Foxconn, Intel Capital, Kalaari Capital, Myriad Asset Management, Nexus Venture Partners, Premji Invest , Recruit Holdings, Recruit Strategic Partners, ru-Net Ventures, Saama Capital India Advisors, Softbank Japan, Temasek Holdings, Tybourne Capital Management

Snapdeal was founded in 2010 by childhood friends Kunal Bahl and Rohit Bansal as a coupon site similar to Groupon Inc. In 2011, it shifted its business model to become an online marketplace selling everything from clothing, accessories, and electronics to homes.

Ola Cabs (ANI Technologies)

Latest valuation:$5.0b (September 2015)
Total equity funding:$903m
Valuation-to-funding: 5.5 to 1
Rounds of funding (current): 7
Location: Mumbai, India
Founded in 2011
CEO: Bhavish Aggarwal (co-founder)

Competitors: Uber, TaxiSure, Meru Cabs

Investors: Accel Partners, DST Global, Didi Kuaidi Joint, Falcon Capital Edge, Government of Singapore Investment Corporation, Matrix Management, Sequoia Capital, Softbank, Steadview Capital, Tiger Global Management

In early 2011, two alumni of the Indian Institute of Technology Bombay started a Web-based car-rental site that let users call for taxis online. But Bhavish Aggarwal and Ankit Bhati had bigger ambitions: to become the Uber of India.

One97 Communications

Latest valuation:$1.9b (March 2015)
Total equity funding:$593m
Valuation-to-funding:3.2 to 1
Rounds of funding (current):4
Location:New Delhi, India
Founded in 2001

Competitors:Flipkart.com, Snapdeal.com, PayU, Mobikwik, Oxigen Wallet

Investors:Intel Capital, SAIF Partners, Sapphire Venture, Silicon Valley Bank, Zhejiang Ant Small & Micro Financial Services

Vijay Shekhar Sharma started One97 Communications Ltd. as a website that allows users to top up payments on their mobile phones and as a content providing platform in 2001, just as mobile phones started taking off in India.

Shopclues.com

Latest valuation:$1.1b (January 2016)
Total equity funding:$468m
Valuation-to-funding:2.4 to 1
Rounds of funding (current):6
Location:Gurgaon, India
Founded in 2011
CEO: Sanjay Sethi ( co founder)

Competitors:Flipkart, Snapdeal, Amazon.com, eBay

Investors: Atlantic Ventures, Beenos Partners, GIC Private, Helion Venture Partners, Nexus Partners, Tiger Global Management

Shopclues.com is among several Indian e-commerce startups to command big venture dollars amid a race to win over the country’s fast-growing consumer class.

Quikr

Latest valuation:$1.0b (September 2014)
Total equity funding:$350m
Valuation-to-funding:2.9 to 1
Rounds of funding (current):5
Location:Mumbai, India
Founded in 2005
CEO:Pranay Chulet, founder

Competitors:Rediff LocalAds, Sulekha, Click.in, Olx.in, ClickIndia, HTClassifieds.com

Investors:eBay, Investment AB Kinnevik, Matrix Partners India, Nokia Growth Partners, Norwest Venture Partners, Omidyar Network, Steadview Capital, Tiger Global Management, Warburg Pincus

Pranay Chulet took inspiration from the U.S. online classifieds platform Craigslist to launch an Indian version that helps people connect with each other to buy or sell goods and services.

InMobi

Latest valuation: $2.5b (December 2014)
Total equity funding: $216m
Valuation-to-funding: 11.6 to 1
Rounds of funding (current): 4
Location: Bangalore, India
Founded in 2007
CEO: Naveen Tewari (co-founder)

Competitors: Google, Facebook

Investors: Kleiner Perkins Caufield & Byers, Sherpalo Ventures, Softbank Corp.

Venture capitalist Naveen Tewari decided to strike out on his own with a text-based mobile search firm called Mhkoj that offered answers to local information queries. But poor demand led Mr. Tiwari to shift the business in 2007 to become a mobile advertising network called InMobi.

Zomato Media

Latest valuation: $1.0b (March 2015)
Total equity funding: $163m
Valuation-to-funding: 6.1 to 1
Rounds of funding (current): 7
Location: New Delhi, India
Founded in 2008
CEO: Deepinder Goyal, co-founder

Competitors: Yelp, Foodpanda

Investors: Vy Capital, Info Edge (India), Sequoia Capital

Deepinder Goyal and Pankaj Chaddah decided to strike it out on their own in 2008 with a restaurant search and discovery site called Foodiebay.com, after an experiment to put restaurant menus online in their previous office turned out to be a big hit.


Do not forget to share it on social media and leave your feedback via comments.

 

Bizztor Editors

Bizztor Editors.

Join Our Mailing List

Recieve Weekly updates from the Startup Community.

By signing up, you agree to our Privacy Policy

Top