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25 unicorns and counting: A look at India's billion dollar startups of 2021
The list of India's 2021 unicorn startups is far too long to name in a single breath. In under eight months since the turn of the year, India has already witnessed record-breaking 25 startups newly-valued over a billion dollars. In total, there are 61 unicorn startups in India.
The pikes of the pandemic punctured economies worldwide, but the rise of these startups is a testament to the big offline to online shift during the turbulent ‘Zero Contact’ period. Investors have given the booster shot by pumping over $20 billion into Indian startups in more than 550 deals so far this year. That’s more than what they did in an entire year over the last three, according to Venture Intelligence.
While China is tying its hands at edtech startups, India has created two more e-learning unicorns - upGrad and Eruditus - alongside the earlier unicorns BYJU’s and Unacademy.
This year, social commerce platform Meesho has become a one-of-its-kind unicorn. So did regional social media network ShareChat. FirstCry, UrbanCompany, Droom, PharmEasy and Grofers are the e-commerce startups that raised funds with a valuation of over $1 billion. GupShup, which helps e-commerce firms chat with consumers, is on the list too.
Following 2021’s first unicorn Digit, several fintech and insurtech startups made it to the list, namely, CRED, Groww, Zeta and BharatPe. Plus, CoinDCX became the first unicorn from the realm of cryptocurrency. This year, the club also welcomed its eldest member in lender Five Star Business Finance, which was founded in 1984.
On the business side, as supply chains came to a halt during the pandemic, newly-turned unicorns Moglix, Infra.market, OfBusiness and BlackBuck scaled their online marketplaces for the purchase of anything construction or industrial from cement and drill guns to trucks for goods transport.
Alongside were the SaaS (Software as a Service) providers, who plug gaps and unify operations digitally for enterprises. Following Mu Sigma’s unicorn round in 2013, only five SaaS startups entered the club until 2020. This year alone, there are four entrants - Innovaccer, ChargeBee, BrowserStack and MindTickle. A trend that is making India a provider of tech products, not just services.
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The list of India's 2021 unicorn startups is far too long to name in a single breath. In under eight months since the turn of the year, India has already witnessed record-breaking 25 startups newly-valued over a billion dollars. In total, there are 61 unicorn startups in India.
The pikes of the pandemic punctured economies worldwide, but the rise of these startups is a testament to the big offline to online shift during the turbulent ‘Zero Contact’ period. Investors have given the booster shot by pumping over $20 billion into Indian startups in more than 550 deals so far this year. That’s more than what they did in an entire year over the last three, according to Venture Intelligence.
While China is tying its hands at edtech startups, India has created two more e-learning unicorns - upGrad and Eruditus - alongside the earlier unicorns BYJU’s and Unacademy.
This year, social commerce platform Meesho has become a one-of-its-kind unicorn. So did regional social media network ShareChat. FirstCry, UrbanCompany, Droom, PharmEasy and Grofers are the e-commerce startups that raised funds with a valuation of over $1 billion. GupShup, which helps e-commerce firms chat with consumers, is on the list too.
Following 2021’s first unicorn Digit, several fintech and insurtech startups made it to the list, namely, CRED, Groww, Zeta and BharatPe. Plus, CoinDCX became the first unicorn from the realm of cryptocurrency. This year, the club also welcomed its eldest member in lender Five Star Business Finance, which was founded in 1984.
On the business side, as supply chains came to a halt during the pandemic, newly-turned unicorns Moglix, Infra.market, OfBusiness and BlackBuck scaled their online marketplaces for the purchase of anything construction or industrial from cement and drill guns to trucks for goods transport.
Alongside were the SaaS (Software as a Service) providers, who plug gaps and unify operations digitally for enterprises. Following Mu Sigma’s unicorn round in 2013, only five SaaS startups entered the club until 2020. This year alone, there are four entrants - Innovaccer, ChargeBee, BrowserStack and MindTickle. A trend that is making India a provider of tech products, not just services.
26 unicorns and counting: A look at India's billion dollar startups of 2021 - CNBC TV18
Business News: Get the latest Business News, Live Share & Stock Market Updates, Top News from India and across world. Read Top Business News and updates on financial, economic and banking news on CNBCTV18.
