Building a billion-dollar company from scratch is possibly the biggest ambition for most startups world over and the same holds true for India. It represents a huge milestone and one which is marked with the much-prized unicorn tag.
In 2012, InMobi became India’s first unicorn startup and in 2014, two Indian startups including Snapdeal and Ola attained the unicorn status. In 2016, this number increased to ten and 2018 became known as the year of unicorns, with as many as six new startups attaining the coveted status with B2B ecommerce marketplace Udaan becoming the fastest company to do so.
In 2018, Inc42 predicted that India will have 100 unicorns by 2025, but looking at the current landscape with 52 startups in the club already (with 10 unicorns added in first 4 months of 2021) it’s expected that India may cross this number (100 unicorns) by 2023.
At Inc42, we keep a close tab on these companies and the movements in (and out) of the unicorn club. That’s why, today, we are launching the Indian Unicorn Tracker, a comprehensive and updated guide on the key data points about India’s unicorn startups.
The latest addition to our Inc42 Plus membership programme, it will give you a snapshot view of the unicorns including year launched, founders, headquarters, total funding, current valuation, revenues, board of directors, the latest news links. A single glance at the tracker will also help our members understand the most promising sectors and the leading investors in India’s unicorn pack.
The idea is to help entrepreneurs, investors and other industry stakeholders grab all the authentic data on the go. The tracker will be updated regularly as we see changes in valuations, funding, cap table and revenue.
The tracker is currently available for all our readers as a free preview for a few days! The tracker includes all the Indian startups that have entered unicorn club to date (some are valued under $1 Bn now)
- Unicorns As Of 21st April: 50
- Hike & Shopclues have been included in calculations, however, as of 21st April they are valued less than $1 Bn
- Flipkart and Shopclues are acquired
- MakeMyTrip and Info Edge are listed companies
- Zoho and MakeMyTrip’s year of entering unicorn club are unknown
Update: 22nd April, 15:30: The article has been updated to include the latest entrants to the India’s unicorn club