List of 100 Unicorn Startups in India | [2023 Updated]


India has emerged as the world’s fastest-growing startup ecosystem, boasting 100+ unicorn startups as of 2023. While the concept of unicorn startups is becoming more common, building one is no easy feat. It requires tremendous hard work, dedication, and perseverance throughout the startup journey. In this article, we will delve into what makes a unicorn startup and explore the process of building one.

The term “unicorn startup” combines two words: “unicorn” and “startup.” A unicorn refers to a startup with a valuation exceeding $1 billion, a term coined by venture capitalist Aileen Lee. Startups, on the other hand, are privately owned companies in the early stages of development. Now, let’s delve into the details of what sets a unicorn startup apart and how to build one.

India secured the third position globally in terms of hosting unicorn companies in 2021, surpassing the UK. During that year, India witnessed the birth of 33 new unicorns, while the UK managed only 15. The United States topped the list with 254 unicorns, followed by China with 74, according to the latest available data.

Expressing optimism and support for India’s unicorn culture, Union Minister Rajeev Chandrasekhar, responsible for Entrepreneurship, Skill Development, Electronics & Technology, projected a 10-fold increase in India’s unicorn count over the next 2-3 years, surpassing 1,000. The Indian government also expects the next wave of startup founders to emerge from Tier 2 and Tier 3 cities across the country.

Indian startups raised over $42 billion in funding across 1,584 deals in 2021. The startup ecosystem in India has witnessed the establishment of over 60,000 new startups since 2016, spanning across 56 different sectors. These startups have also generated over 600,000 job opportunities in the country. President Ram Nath Kovind acknowledged the significant contributions of Indian startups in his Presidential address on January 31, 2022, highlighting the new opportunities they are bringing forth.

As 2022 began, India continued to witness the emergence of new unicorns. Mamaearth became the first unicorn of 2022, followed by Fractal Analytics, LEAD School, Darwinbox, DealShare, ElasticRun, Livspace, Xpressbees, Uniphore, Hasura, CredAvenue, Amagi, CommerceIQ, Oxyzo, Games24x7, Open, PhysicsWallah, Purplle, LeadSquared, OneCard, and 5ire.

Now in 2023, there are more than 100 startups that have joined the list which we have given below. These are just a few, we are looking towards Indian market grow more with the coming years!

100+ Unicorn Startups In India 2023

Startup NameIndustryFounding YearUnicorn Entry YearCurrent Valuation
LeadSquaredSaaS- CRM20112022$1 BIllion
ElasticRunE-commerce Logistics20152022$1.5 Billion
LEAD SchoolEdtech20122022$1.1 Billion
PurplleE-commerce Personal Care20122022$1.1 Billion
DealShareE-commerce20182022$1.7 Billion
XpressbeesE-commerce Logistics20152022$1.2 Billion
OpenFintech20172022$1 BIllion
Games24x7Gaming20062022$2.5 Billion
AmagiMedia, Advertising20082022$1 BIllion
DarwinboxSaaS- HR20152022$1.07 BIllion
LivspaceE-commerce Interior Design20142022$1.2 Billion
UniphoreSaaS- Conversational Automation20082022$2.5 Billion
HasuraSaaS- Programming Tools20172022$1 BIllion
CommerceIQE-commerce Management Platform20122022$1 BIllion
OxyzoFintech20162022$1 BIllion
OneCardFintech20182022$1.4 Billion
NoBrokerPropTech20142021$1 BIllion
MobiKwikFintech20092021$1 BIllion
SpinnyAutomotive20152021$1.75 Billion
MPLESports20182021$2.3 Billion
AckoInsurtech20162021$1.1 Billion
ShareChatSocial Media20152021$5 Billion
EruditusEdtech20102021$3.2 Billion
upGradEdtech20152021$2.25 Billion
ApnaMarketplace- Employment20192021$1.1 Billion
Urban CompanyHome Services20142021$2.1 Billion
BharatPeFintech Payments20182021$2.85 Billion
CarDekhoE-commerce Automotives20072021$1.2 Billion
LiciousE-commerce Meat Products20152021$1.3 Billion
MeeshoE-commerce20152021$4.9 Billion
Blinkit (ex-Grofers)E-commerce- Groceries20132021$0.568 Billion
Pristyn CareHealthtech20182021$1.4 Billion
VedantuEdtech20112021$1 BIllion
UpstoxFintech20102021$3.4 Billion
SliceFintech20162021$1.4 Billion
CREDFinancial Technology20182021$6.4 Billion
CureFitHealthcare20162021$1.5 Billion
MamaearthE-commerce Personal Care20162021$1.07 Billion
Infra.MarketB2B E-commerce20162021$2.5 Billion
Five Star Business FinanceFinancial Services19842021$1.4 Billion
OfBusinessBuilding Materials20152021$5 Billion
CoinSwitch KuberCryptocurrencies20172021$1.9 Billion
CoinDCXCryptocurrency Exchange20182021$2.15 Billion
BlackBuckLogistics20152021$1.02 Billion
DroomMarketplace- Automotives20142021$1.2 Billion
PharmEasyOnline Pharmacy20152021$5.6 Billion
MyGlammPersonal Care Marketplace20152021$1.2 Billion
Digit InsuranceInsurance20162021$4 Billion
InnovaccerHealthcare20142021$3.2 Billion
GrowwFintech20172021$3 Billion
GupshupSoftware20042021$1.4 Billion
ChargebeeFinancial Services20112021$3.5 Billion
ZetaFintech20152021$1.5 Billion
BrowserStackCloud Infrastructure and Software20112021$4 Billion
Mohalla Tech (Moj)Software20152021$5 Billion
Matic Network / PolygonBlockchain20182021$10 Billion
MindTickleSaas- Enterprise Software20112021$1.2 Billion
Rebel FoodsE-commerce Food Delivery20112021$1.4 Billion
MensaFinancial Services20212021$1.2 Billion
GlobalBeesE-commerce Retail20212021$1.1 Billion
DailyhuntSocial News20072020$5 Billion
UnacademyEdtech20152020$3.4 Billion
Cars24B2C E-commerce20152020$3.3 Billion
Glance, InmobiMobile Technology20192020$1.8 Billion
RazorPayFintech20142020$7.5 Billion
ZerodhaStockbroker20102020$2 Billion
PhonePeFintech Payments20152020$5.5 Billion
FirstCryE-commerce20102020$2 Billion
NykaaE-commerce20122020$8.3 Billion
Pine LabsFintech19982020$5 Billion
HighradiusFintech20062020$3.1 Billion
Verse InnovationContent Technology20072020$5 Billion
ZenotiSaas- Spa and Salon Services20102020$1.5 Billion
PostmanSaas- API Development and Testing20142020$5.6 Billion
DelhiveryE-commerce Logistics Services20112019$4 Billion
IcertisSaas- Contract Management20092019$5 Billion
Ola ElectricAutomotive20172019$5 Billion
DruvaSaas- Data Management20082019$2 Billion
BigBasketE-commerce- Groceries20112019$2.7 Billion
RivigoLogistics20142019$1.09 Billion
LenskartE-commerce- Eyewear20102019$4.3 Billion
Dream11Fantasy Sports20082019$8 Billion
CitiusTechHealthcare Technology20052019$2.4 Billion
FreshworksSaaS – CRM20102018$3.5 Billion
UdaanE-commerce20162018$3.1 Billion
OYO RoomsHospitality20132018$9 Billion
Paytm MallE-commerce20172018$0.013 Billion
SwiggyFoodtech20142018$10.7 Billion
BYJU’SEdtech20112018$22 Billion
PolicybazaarInsurance company20082018$2.4 Billion
BilldeskFintech20002018$4.7 Billion
ReNew PowerRenewable Energy20112017$8 Billion
OLATransportation20102015$7.3 Billion
ZomatoFoodtech20082015$5.4 Billion
PaytmE-commerce Finance20102015$16 Billion
Mu SigmaSaaS- Analytics20042013$1.5 Billion
FlipkartE-commerce20072012$37.6 Billion
InMobiAdtech20072011$1 Billion
MakeMyTripOnline Travel20002010$2.52 Billion


In conclusion, India’s startup ecosystem has experienced a remarkable surge, positioning it as the world’s fastest-growing hub for unicorn startups. With 100+ unicorns and counting, India has outpaced many other countries in terms of fostering entrepreneurial growth and innovation. Building a unicorn startup requires relentless dedication and perseverance, as evidenced by the success stories of numerous Indian startups. The government’s support and the influx of funding from both domestic and international investors have played a crucial role in propelling the growth of these startups. As India enters 2023, the country’s unicorn count is expected to continue rising, with a focus on nurturing startup talent in Tier 2 and Tier 3 cities. The Indian startup ecosystem is a testament to the transformative power of innovation, creating not only valuable businesses but also job opportunities and economic growth for the nation.