TOP INDIAN UNICORN STARTUPS

There’s no shortage of startups sprouting at a steady rate, as new ideas are generated by alert and inspired minds nearly every day,  Yet not every startup emerges as a household name and is capable of meeting top notch growth. There's an elite section of startups that has emerged as a billion-dollar organization or rather, a unicorn startup and proudly managed to pave its way through this venture world.



 


We are quite aware of the various popular companies which are often associated with the term “unicorn”, from SpaceX, Uber, Pinterest to Stripe.  Yet you probably would not have a clear idea of what a unicorn startup actually means. Have you ever given a thought over why some startups are pegged with this title and what they have accomplished and achieved to deserve it? And, have you pondered about how a company becomes a unicorn?  


What is a unicorn startup and how was the term coined? 

 

‘Unicorn’ is a term that implies any start-up which has attained the valuation of $1 billion, in the context of the venture capital industry. Some examples of popular Indian unicorns are Razorpay, Cars24, and Nykaa. 


Top 3 Unicorn Startups in India

 

In present times, the evolution in the number of Indian startups has reached remarkable levels. The number of Indian startups stands at 38, as of early March 2020. 11 startups managed to achieve the tag of unicorns in the year 2020, in spite of the blow caused by the pandemic to the economy.

 

Here's a list of the top indian startups who achieved unicorn status in 2020 and till early 2021 : 


In F fundraising rounds, unacademy achieved a status of unicorn startup in September 2020 when it raised around $150 million which was headed by Softbank. What actually raised the platform’s valuation from $510 million to $1.45 billion is the funding round. Unacademy is an online learning platform, which was founded in 2015 by Gaurav Munjal, Hemesh Singh, Roman Saini, and Sachin Gupta, in which the user gets to view online videos of their curriculum as designed by experienced educators.


Razorpay

 

When the platform raised $ 100 million in its Series D funding round the payment gateway provider Razorpay gained unicorn status in October 2020, which was headed by GIC and Sequoia Capital India.

 

Razorpay was established by Shashank Kumar and Harshil Mathur in 2014, and it accepts, processes, and disburses money online for small businesses and enterprises. NSE, Airtel, BookMyShow, IRCTC, are some of its clients.


Pine Labs

 

In 2020, the leading merchant platform Pine Labs emerged as the first unicorn after it raised a fresh round of funding from the global card network major Mastercard.


Around the time, reports claimed that the platform’s valuation following the round neared $1.6 billion. The company was founded in 1998 by Lokvir Kapoor which allows both online and offline retail transactions. Payments acceptance technology, stored value products, in-store consumer credit and many more merchant solution are it's.

  

Nykaa

 

Nykaa is a fashion and cosmetic retailer which has successfully paved its way into the club of unicorn startups in April 2020, when it hoisted about Rs 100 crore through Steadview Capital in its Series F funding round.

Location: Noida, Uttar Pradesh, India

Comments

Post a Comment

Popular posts from this blog

INFORMATION GAIN IN DECISION TREE THROUGH GINI INDEX

Image
Best suited for classification and regression problems, decision trees are supervised machine learning algorithms. These algorithms are constructed by breaking down the training data into subsets of output variables of the same class by implementing the particular splitting conditions at each node. The information gain in decision trees is directly formulated through training  into a hierarchical structure. The knowledge is holed and displayed by this structure  in such a way that it can easily be understood, even by non-experts. While building a decision tree,  each node focuses on identifying the attribute and a split condition on that attribute which minimizes the class labels mixing, because pure homogeneous subsets is not possible to achieve consequently giving relatively pure subsets. In this blog, we will discuss the concept of , information gain, gini index and gini index. With the root node of the decision tree, this process of classification begins and  gets expanded by appl
Read more

Fundamental & Technical Analysis | Analytics Steps

Image
To understand the business from an investment perspective, there are always two schools of thought that come to mind, people who follow fundamental analysis and those who follow technical analysis . However some investors do both analysis to understand the business from every aspect. Let us understand both in detail. Fundamental analysis Fundamental analysis is a method or approach to understand business deeply and separate the daily short term noise in the stock prices to concentrate the underlying business performance. Fundamentally strong companies' stock prices tend to appreciate in the long run and therefore create wealth for the investors. Fundamental analysis is generally done from a macro to micro perspective in order to identify securities which are not correctly priced by the market. An investor can perform fundamental analysis just by looking at the overall state economy, bond value, interest rate etc. A fundamental analyst creates a model to estimate the company’s shar
Read more

TIMELINE OF ARTIFICIAL INTELLIGENCE

Image
In today’s world, having some kind of knowledge about the history of artificial intelligence is crucial as it is prevalent everywhere. But if we consider it as a contemporary tool, then it would be our misconception. Our forerunners had been building the concept of AI  for quite some time with the help of classical philosophers analyzing human thinking to be more of a symbolic system. A popular myth among the ancient Greeks was robots, while automates can be traced back to the ancient Greeks.  Let’s now discuss the timeline of Artificial Intelligence. Maturation of AI (1943-52) Year 1943 : Warren McCulloch and Walter pits initiated the very first work which is currently recognized as AI.  and Walter pits in 1943. Year 1949 :  An updating rule for the modification of the connection strength between neurons was demonstrated by Donald Hebb.  Year 1950 : An English mathematician, Alan Turing pioneered Machine learning in 1950. A test was proposed by Alan Turing under ‘computing machiner
Read more