The Indian Startup landscape has boomed massively in the last few years. Spurred on by a more entrepreneurial mindset, we see youngsters (and experienced professionals too!) more keen on starting their own businesses. This trend has some impetus in the form of the overwhelming success of Silicon Valley startups, along with the ease of development of Android and iOS centric applications.
However, sometimes it’s not just the sheer number which astounds the beholder, it’s also the startups which have achieved the much coveted $1 billion milestone. In this article, I shed some light on the Indian unicorns, and the most valued Indian startups as of 2015. I also focus on some key similarities in their strategies, and invoke some examples from Silicon Valley as well.
Easing Into The Basics: Unicorns?
According to ancient fables and legends, unicorns were the most elusive and mystical creatures to walk the land, and their horns – which apparently possessed magical abilities – were sought after by the most powerful people in society.
Today, we don’t have horses with horns on their foreheads. But we do have companies which suddenly emerge as trendsetters within their particular market segment. With an almost infinite potential to grow, these companies attract big investors who seek quick returns on their investment. These companies are called startups. And the ones which are valued at over $1 billion are termed as unicorns.
Talk about the biggest startups in recent times, and you’ll instantly recognize some names as multinational, mega corps which hire the best talents in the industry. We’re talking of the likes of Uber, Xiaomi, Airbnb, Snapchat, Dropbox, Spotify – the list goes on, for a total of 145 companies valued at over $1 billion, actually.
But it’s quite interesting to see the Indian presence in this regard as well. Unsurprisingly, Indian ecommerce giant Flipkart is at the top of the pecking order here, followed by the likes of Ola cabs, Snapdeal, One97 Communications (the group behind PayTM), Zomato, Quikr and Mu Sigma.