India is a country of ideas and in country like Indian startups are quite common these days. There are currently 32 startup unicorn companies in the country. While saying unicorn companies we are talking about a private company with a valuation of over 1 billion. There are around 600 unicorn companies running all around the globe. And when we talk about India there are 32. And out of these 32 companies 8 were added in the year 2021. Indian startups are slowly catching up the pace. Today we are going to discuss about the top 5 Indian startups whose value has increased from past few months.
One97 communication, OYO, Zomato, Dream11, Byju’s are few of the most famous Indian startups. These startups tops the list of most valued Indian startups. So let’s talk about these Indian unicorn companies one by one.
1- One97 communication
One97 communications limited is an Indian startup which provide payment solution to the customers. This Indian unicorn company also provide online services such as hotel booking, tickets booking, bill payments and other online essential services.
The company was founded in the year 2010. Founder of the company Vijay shekhar Sharma is currently the chief executive officer of the one97 communication. One97 communication runs Paytm which is India’s largest digital goods marketplace.
Headquarters of the company is located in the capital of the country, New Delhi. Company is also operating more than 4500 offices across the country. One97 communication has also marked it’s presence around the globe having offices in Africa, Europe, Middle East and Southeast Asia. This Indian unicorn company is also backed by some famous investors coming from different countries. Alibaba Group, Ant Financial, Elevation, Mediatek, Sapphire Venture and Silicon Valley Bank are some major investors in the company.
2- BYJU’s
The Indian startup which has seen fastest growth in recent time is BYJU’s. It is an Indian multinational educational technology company. BYJU’s, India’s second most valued unicorn company of India was founded in year 2011. Byju Raveendran and Divya Gokulnath were the founder of the company. BYJU’s is world’s most valued educational technology company.
Headquarters of the company is located in Bengaluru. Company generated around ₹2800 crore in financial year 2020. The success of the company can be determined by the fact that they have acquired India’s biggest superstar Shahrukh khan for the promotion. From last two years studying online has become very common in India. Because of corona pandemic, online learning has now become necessity. And companies like BYJU’s has understood the situation very well. On BYJU’s one can study anything and any topic.
3- OYO
OYO, India’s best online hotel booking website. OYO rooms stand for on your own rooms. Spreading over 199 cities in the country, OYO is India’s largest hotel network. The headquarters of this Indian unicorn company is located in Gurugram, Haryana. Ritesh agarwal founded the company in the year 2013. Owner Ritesh Agarwal is also the current CEO of the company.
OYO room provide travellers very good quality of hotel rooms all around the country. OYO rooms have partnered with different different hotels in the country and made them work under their name.
Softbank group, didi chuxing, Greenoaks Capital, Sequoia India, Lightspeed India, Hero Enterprise, airbnb and china lodging group are some investors ingesting in OYO rooms. In the financial year 2019 this Indian unicorn company generated around 951 million dollars. This amount was 4.5 times more than that was in 2018.
4- Zomato
Founded in the year 2008, Zomato is India’s multinational restaurant aggregator and food delivery company. It was founded by Deepinder Goyal and Pankaj chaddah. This Indian unicorn company provides information, menus, and user-reviews of restaurants. Also customers can order food online with the help of Zomato.
Zomato generated around ₹2486 crore in the financial year 2020. Headquarters of the company is located in Gurugram, India. In last 2-3 years Zomato gained so much popularity around the country. People enjoy ordering food online. By the help of Zomato, it has become so easy for people to get the favorite food by sitting at their home. This Indian unicorn company is not going to hold back in upcoming years as well.
5- Dream11
Dream11 is an [ndian fantasy sports platform. Users can play fantasy cricket, football, hockey and many other sports on dream11. founded in year 2008, Dream11 has become first Indian gaming company to become unicorn. Dream11 became unicorn company in financial year 2019.
Harsh Jain and Bhavit sheth are the founders of dream11. Dream Sports currently owns dream11. Through the years Dream11 has gain so much popularity in India. And now this Indian unicorn company is one of the major sponsor of the world’s biggest cricket league Indian premier league.
Although playing fantasy games was ban in India. And because of this a case was filed against the company in high court in 2016. But somehow Dream11 managed to win the argument and it still running in the market. Dream11 generated around ₹801 crore in financial year 2019.