Top 10 Unicorns Founded In India 2024
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India's startup ecosystem is flourishing, and a prime indicator of this growth is the impressive number of unicorns – privately held companies boasting a valuation of over $1 billion. As of March 2024, this dynamic nation boasts over 112 unicorns, making it the world's third-largest startup hub. Let's take a peek at the top 10 of these illustrious companies:
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Nykaa (Founded 2012): This beauty and fashion e-commerce platform, established by Falguni Nayar, has revolutionized the way Indians access cosmetics and personal care products.
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Zomato (Founded 2010): Deepinder Goyal and Pankaj Chaddah's brainchild, Zomato, is synonymous with online food delivery in India. They've expanded to include restaurant discovery and table reservations.
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Policybazaar (Founded 2008): This insurance aggregator, masterminded by Yashish Dahiya and Alok Bansal, has made shopping for insurance policies easier and more transparent for millions of Indians.
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Paytm (Founded 2010): Vijay Shekhar Sharma's Paytm is a digital payments giant offering mobile wallets, bill payments, and e-commerce solutions, playing a pivotal role in India's digital financial revolution.
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Swiggy (Founded 2014): Sriharsha Majety and Nandan Reddy's Swiggy is another major player in the online food delivery arena, offering a vast selection of restaurants and convenient delivery services.
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Delhivery (Founded 2011): Sahil Bargur, Bhavesh Manglani, and Suraj Saharan's Delhivery is a leading logistics and supply chain company, providing critical infrastructure for e-commerce growth in India.
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Udaan (Founded 2016): A tech-powered B2B platform, Udaan, founded by Avik Singhi, Sachin Bansal, and Phalgun Komalavalli, connects manufacturers, wholesalers, and retailers, streamlining supply chains, especially for smaller businesses.
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Cred (Founded 2018): Kunal Shah's Cred is a members-only credit card payment platform that rewards users with exclusive benefits and experiences.
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BharatPe (Founded 2018): Ashneer Grover (co-founder) and Shashank Kumar's BharatPe is a fintech company enabling digital payments for offline merchants, promoting financial inclusion in India.
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Ola (Founded 2011): Bhavish Aggarwal and Ankit Bhati's Ola is a ride-hailing giant that has disrupted the Indian transportation sector, offering mobility solutions across cabs, bikes, and auto-rickshaws.
This is just a glimpse of the innovative companies that are leading India's startup charge. These unicorns are creating jobs, fostering financial inclusion, and transforming everyday life for millions of Indians. The future of India's startup ecosystem is bright, with new unicorns sure to emerge and redefine industries in the years to come.