The Indian Unicorn Tracker

Inc42’s unicorn tracker includes public or private companies which have ever achieved $1 Bn valuation.

Unicorn refers to a company which is valued at or above $1 Bn in valuation. Inc42 unicorn tracker includes Indian startups which have ever achieved $1 Bn valuation.

Indian startup ecosystem has seen entry of 110 startups in the unicorn club to date. However, out of these 110  startups, 7 companies got acquired, 3 are currently valued under $1 Bn and 11 are listed companies.

45 startups and 2 listed companies became unicorns in 2021. They include Meesho, Innovacer, PharmEasy, CRED, and Groww among others.

InMobi became India’s first unicorn in 2011. The adtech startup was founded in 2007 by Naveen Tewari, Mohit Saxena, Amit Gupta, Abhay Singhal. It has raised over $320 Mn till date.

18 Indian unicorns have at least one woman cofounder. These include startups such as Nykaa’s Falguni Nayyar, Mamaearth’s Ghazal Alagh, Mobikwik’s Upansana Taku and BYJU’S Divya Gokulnath among others.

The 110 unicorns in India have a combined valuation of about $347 Bn.

Collectively, these 110 Indian unicorns have raised over $99 Bn.

There are 4 unicorns in India who are currently valued more than $10 Bn in valuation. These include startups such as Flipkart (acquired by Walmart), BYJU’S, PhonePe, and Swiggy.

Currently, there are 11 Indian unicorns that have got listed. These include Zomato, Info Edge, Paytm, Freshworks, Policybazaar, MakeMyTrip, Nykaa, Easemytrip, Delhivery, and MapmyIndia.

7 Indian unicorns have been acquired. These include startups such as PhonePe, Flipkart, Billdesk, BigBasket, Blinkit, 1mg and Shopclues.