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30+ Soonicorns Of The Indian Tech Startup Ecosystem

30+ Soonicorns Of The Indian Tech Startup Ecosystem

The Indian unicorn club had around 15 startups until November 2017

Inc42 will feature the list of such 30+ ‘Soonicorns’ in its flagship report at The Ecosystem Summit

Out of the 30 Soonicorns predicted by the Inc42 DataLabs, majority are from the Ecommerce and FinTech category

This article is supported by Drivezy, Times Internet, AWS and Kerala Startup Mission

The Indian unicorn club had around 15 startups until November 2017. Surprisingly, this number got nearly doubled (precisely 26) in a span of just 10 months and is expected to increase further in the coming years.

With investors like SoftBank, Alibaba, Tencent, increasing their stake in India’s hottest startups, India is currently breeding over 100 such tech startups which are expected to smoothly sail into the billion-dollar club.

Inc42 will feature the list of such 30+ ‘Soonicorns’ in its flagship report — The State Of The Indian Startup Ecosystem 2018 at The Ecosystem Summit to be held on November 2016. These startups have a high potential to become a unicorn by 2020.

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Earlier as well, in its Indian tech startup funding report 2017, the Inc42 DataLab predicted 34 tech startups to be the part of the unicorn club, of which 11 startups including BYJU’S, Paytm Mall, BigBasket, OYO, Swiggy, among others have already achieved the unicorn status in 2018.

In line with the current investment trend, out of the 30 Soonicorns predicted by the Inc42 DataLabs, majority are from the Ecommerce and FinTech category, followed by EnterpriseTech, and Consumer Services.

At this point, we leave our audience to guess, which city is thriving the maximum Soonicorns at present! Is it Bengaluru, Delhi/NCR/ Chennai or Mumbai. But we do have a free giveaway as well:

The 5 Indian Tech Startups That Have High Chance To Enter The Unicorn Club By 2020

Capillary Tech: Founded in 2008 by Ajay Modani, Aneesh Reddy, and Krishna Mehra, Capillary Technologies is a leading cloud-based omnichannel engagement commerce solution company that enables retailers to intelligently engage with their customers. It is registered in Singapore, with a stronghold in India, Southeast Asia, MENA, and China, among other countries. It has so far raised $102.1 Mn and counts investors such as Warburg Pincus, Sequoia Capital India, InnoVen Capital, Norwest Venture Partners, American Express Ventures on its board.

Druva: Druva offers cloud data protection and information management services, leveraging the public cloud to offer a single pane of glass to protect, preserve, and discover information. Founded in 2008 by Jaspreet Singh, Milind Borate, and Ramani Kothandaraman, the company is headquartered in Sunnyvale, California, with offices in India, the UK, Germany, Singapore, Japan, and Australia. It has so far raised $198 Mn in funding from key investors such as Riverwood Capital, Sequoia Capital India, Nexus Venture Partners, IAN among others

Grofers: Online grocery platform Grofers offers products across categories such as groceries, fruit and vegetables, beauty and wellness, household care, and baby care, among other things. At present, the startup offers deliveries in 13 cities, clocking nearly 25,000 orders every day with an average basket size of $21.5 (INR 1,400). Founded in 2013 by Albinder Dhindsa, and Saurabh Kumar, Grofers hasso far raised $241.8 Mn and is currently valued at $300 Mn.

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Livspace: Founded in 2012 by Anuj Srivastava, Ramakant Sharma, and Shagufta Anurag, Livspace is a curated marketplace for homeowners and home designers that provides an end-to-end home design experience. Over the last 18 months, the company has registered a 400% growth in gross revenue and achieved unit economics profitability across its previously launched markets. It has so far raised a total of $97.6 Mn and counts investors like Goldman Sachs, TPG Growth, Bessemer Venture Partners, Helion Ventures, Jungle Ventures among others.

Practo: Practo is a healthcare platform that connects patients with healthcare providers around the world. It provides a single platform to help consumers with all their healthcare needs — from finding the right healthcare provider to online doctor consultations, diagnostic tests, managing health records, and even ordering medicines. Founded in 2008 by Abhinav Lal, and Shashank ND, it has raised $234 Mn so far from key investors such as Tencent Holdings, Sequoia Capital India, ru-Net, RSI Fund, Thrive Capital among others.

Inc42’s most comprehensive report till date, The State Of Indian Startup Ecosystem 2018 further contains insights from over 20,000 startups, 1000+ investors, 36 states and Union territories across the length and breadth of India, catering to its 1.3 Bn population.

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Author

Meha Agarwal

Inc42 Staff

Meha has engineering and MBA degrees, but she has always been a writer at heart. It was the perfect combination of utilising her research and analytical skills and her enthusiasm for writing that sparked her interest in writing about the Indian startup ecosystem – the latest tech and gadgets and the startups that create them. She is always on the lookout for industry-specific stories in niche areas of interest such as ecommerce, fintech, greentech and more.

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