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India's startup unicorns in 2021: your roadmap

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India's startup unicorns in 2021: your roadmap

In 2022, there will be more unicorns than there have been in the entire history of the Indian startup scene. But who are these businesses, exactly? What exactly do they do? Who makes use of them? Moneycontrol responds to your queries.

In the year 2021, 43 Indian unicorns were born, each worth over a billion dollars. Do you recall which businesses made the cut? Don't worry, we've got you covered.

Unicorns can be seen in abundance. These billion-dollar private-equity firms, so named because of their rarity, are no longer so uncommon. In the first 52 weeks of 2021, India experienced 43 new startup unicorns. In fact, during one wacky week in April, there were six! Unicorns represent the Indian startup environment, the possibility, the hits, the dangers, and what people are passionate about more than anything else.

In 2022, there will be more unicorns than there have been in the entire history of the Indian startup scene. But who are these businesses, exactly? What exactly do they do? Who makes use of them? Moneycontrol responds to your queries.

Software-as-a-Service (SaaS) is a type of cloud computing (SaaS)

Chargebee-

Chargebee is a software platform that helps organisations manage subscriptions and billings. It was founded in 2011 by Krish Subramanian, Rajaraman Santhanam, KP Saravanan, and Thiyagarajan T. Freshworks and Calendly are among its clientele.

Accel, Steadview Capital, Insight Partners, and Tiger Global Management are among the investors. Global

$3.5 billion is the current market capitalization.

Innovaccer- Founded in 2014 by Abhinav Shashank, Kanav Hasija, and Sandeep Gupta, Innovaccer collects millions of data points from the healthcare industry — patient profiles, risk factors, disease types, and so on — and uses that information to create digital solutions for hospitals, clinics, and patients.

Investors: Lightspeed, B Capital, Mubadala, Tiger Global, Steadview Capital

$3.2 billion is the current market capitalization.

Mindtickle—Founded in 2011 by Krishna Depura, Mohit Garg, Deepak Diwakar, and Nishant Mungali, Mindtickle assists businesses in developing sales capabilities by training, onboarding, working on each component of sales, practising, and increasing it through technology.

Accel, Norwest, SoftBank, and Qualcomm Ventures are among the investors.

$1.1 billion is the current market capitalization.

Zeta- Founded by serial entrepreneur Bhavin Turakhia, Zeta aims to assist banks in improving their backend technology by providing a seamless experience for opening accounts, using debit and credit cards, and applying for a loan or overdraft, among other things.

SoftBank and Sodexo are among the investors.

$1.4 billion is the current market capitalization.

BrowserStack, a software testing platform founded by Ritesh Arora and Nakul Aggarwal in 2011, was bootstrapped until a few years ago. Its recent explosive expansion has piqued the interest of investors. For venture capitalists, software testing and development tools have become more frequent.

Accel, BOND Capital, and Insight Partners are among the investors.

Current market capitalization: $4 billion

Gupshup- Gupshup, founded in 2004 by Beerud Sheth, is a messaging platform that enables businesses and customers to communicate easily via SMS and WhatsApp. India accounts for almost 80% of sales, followed by the United States and Latin America.

Tiger, Fidelity, and Think Investments are among the investors.

$1.4 billion is the current market capitalization.

Business-to-business

Infra.market is a B2B platform that offers cement, fly ash, stone products, and other building supplies. It was founded by Souvik Sengupta and Aaditya Sharda in 2016. It only took 15 months for it to become a unicorn after raising its first round of venture capital funding.

Accel, Nexus VP, Tiger Global, and Sistema Asia are among the investors.

$4.5 billion is the current market capitalization.

OfBusiness is a B2B ecommerce marketplace and an NBFC that lends to these customers, founded by Asish Mohapatra and Ruchi Kalra in 2015. According to Mohapatra, the less glamorous a business is, the more successful it will be.

Matrix Partners India, Norwest VP, Tiger, SoftBank, and Falcon Edge Capital are among the investors.

$5 billion is the current market capitalization.

Zetwerk- Founded in 2018 by Amrit Acharya, Srinath Ramakkrushnan, Rahul Sharma, and Vishal Chaudhary, Zetwerk connects small and medium businesses with mid-to-large OEMs (original equipment manufacturers) and engineering, procurement, and construction firms, initially in India and Southeast Asia and now in North America.

Accel, Sequoia India, Greenoaks Capital, D1 Capital, and Kae Capital are among the investors.

$1.3 billion is the current market capitalization.

Rahul Garg, a former Google executive, founded Moglix. Moglix is an online marketplace for industrial goods such as hammers, drills, wrenches, office supplies, hospital supplies, and automobile supplies.

Accel, Sequoia India, Tiger Global, and Falcon Edge Capital are among the investors.

$1 billion is the current market capitalization.

Blackbuck- Through an online platform, BlackBuck assists shippers in organising trucks, gaining real-time visibility, and managing end-to-end freight. Rajesh Yabaji, Chanakya Hridaya, and Ramasubramaniam B established the organisation in 2015.

Accel, Sequoia Capital, B Capital, Goldman Sachs, and Tribe Capital are some of the investors.

$1.02 billion valuation

Mensa Brands Ecommerce - Mensa, founded by Ananth Narayanan, the former CEO of Myntra, became India's fastest unicorn in just six months. Mensa follows the model of Thrasio, a company based in the United States that acquires fast-growing ecommerce businesses across all categories and helps them accelerate growth.

Accel, Norwest, Falcon Edge, and Prosus are among the investors.

$1 billion is the current market capitalization.

GlobalBees- GlobalBees is a Thrasio-style firm spun off from ecommerce unicorn FirstCry. Its acquisitions include TheBetterHome, Prolixr, and Me, among others. Nitin Agarwal, a former Edelweiss executive, and Supam Maheshwari, the founder of FirstCry, oversee the company.

Lightspeed, SoftBank, PremjiInvest, Chiratae, and Steadview are among the investors.

The GoodGlamm Group is a company that specialises in the production of high- This company, which began as the beauty portal MyGlamm in 2015 and was founded by Darpan Sanghvi, made acquisitions the cornerstone of its strategy. It is aiming a content to commerce approach, where people consume content and then become paying customers, by purchasing The Moms Co, Babychakra, Popxo, and MissMalini, among others.

Investors include Prosus, Warburg Pincus, Bessemer Venture Partners, and Accel.

$1.2 billion is the current market capitalization.

Meesho- Meesho was founded in 2015 by Vidit Aatrey and Sanjeev Barnwal as a reseller-led social commerce platform, but has since shifted to mainstream ecommerce, directly competing with Flipkart and others.

Sequoia Capital, B Capital, Elevation, SoftBank, Facebook, Prosus, and Fidelity are among the investors.

$4.9 billion is the current market capitalization.

Grofers- Grofers was one of India's first online grocery companies, founded by Albinder Dhindsa during the 2014-15 boom, which resulted in a slaughter among many other well-funded but poorly-run businesses. Grofers changed to Blinkit, focusing solely on 10-minute delivery, thanks to an investment from publicly traded Zomato.

Zomato, Sequoia Capital, and SoftBank are among the investors.

$1 billion is the current market capitalization.

Licious- During the pandemic, meat delivery company Licious, launched by Vivek Gupta and Abhay Hanjura in 2015, exploded in popularity. It is now concentrating on ready-to-eat foods and expanding its offline presence.

Multiples, Temasek, 3one4 Capital, Vertex, and Bertelsmann are among the investors.

$1.05 billion in value

This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.

© 2021 Aamir

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