India's Top 10 Best Unicorn Startups

New startups rise to the top of their respective industries every year thanks to innovative ideas and game-changing business strategies. We have compiled a list of India’s unicorn startups that investors, startup enthusiasts, and would-be business owners should check out.

Zepto

Founders: Aadit Palicha, Kaivalya V.
Founded In: 2020
Valuation: $1.4 Billion
Investors Include: Goodwater Capital, StepStone Group, Y Combinator Continuity Fund

Zepto, a well-known Indian grocery delivery startup, transformed the local market by guaranteeing quick 10-minute grocery delivery. Zepto, which offers fast commerce deliveries in less than 45 minutes, competes with well-known players like Swiggy, Grofers, Dunzo, and BigBasket with its network of cloud stores and micro warehouses situated in crowded urban areas.

Zepto focuses on providing fast, dependable, and efficient service to meet the growing demand for online grocery shopping, which is expected to reach $5 billion by 2025. The company is doing this by rapidly expanding its cloud stores and workforce.

Physics Wallah

Founders: Alakh Pandey, Prateek Maheshwari
Founded In: 2014
Valuation: $1.1 Billion
Investors Include: iNeuron.ai

With live and interactive lectures, Physics Wallah aims to assist millions of students in getting ready for exams such as JEE and NEET. It is an engaging educational platform. With its knowledgeable instructors and extensive study materials, this platform guarantees that students will be able to solve problems and understand difficult concepts with ease.

Regular assessments enable students to monitor their development and practice answering a variety of exam questions. Additionally, students who are learning remotely can succeed academically by having instant access to educational materials thanks to Physicswallah.

LeadSquared

Founders: Anand Kumar, Nilesh Patel, Prashant Singh, Sudhakar Gorti, Sukhbir Kalsi
Founded In: 2011
Valuation: $1 Billion
Investors Include: Westbridge Capital, International Finance Corporation, Gaja Capital

LeadSquared is a state-of-the-art platform for marketing automation and sales solutions designed to increase productivity and efficiency in a range of industries. By offering sector-specific CRM solutions, the platform guarantees a 100% response rate and shortens lead turnaround times for businesses in the healthcare, education, lending, and other sectors.

LeadSquared improves sales velocity and revolutionizes sales processes with its no-code interface. LeadSquared is an innovative tool that streamlines sales and marketing operations and has been shown to achieve up to 50% more loan sales.

ElasticRun

Founders: Sandeep Deshmukh, Saurabh Nigam, Shitiz Bansal
Founded In: 2016
Valuation: $1.4 Billion
Investors Include: Goldman Sachs, SoftBank Vision Fund, Avatar Venture Partners

ElasticRun offers a B2B e-commerce solution that is second to none, giving FMCG and grocery brands unprecedented direct access to rural consumers. Through their vast network, brands can reach over 10 million small stores located in rural India.

ElasticRun’s distinctive logistics network enables online retailers like Amazon & Flipkart to reach customers in rural areas. It also gives banking institutions the authority to provide financial services in these areas. In India, ElasticRun is still transforming last-mile delivery and giving marketers access to useful real-time consumption data.

DealShare

Founders: Rajat Shikhar, Sankar Bora, Sourjyendu Medda, Vineet Rao
Founded In: 2018
Valuation: $1.6 Billion
Investors Include: Tiger Global Management, Alpha Wave Global

In India, DealShare is leading the way in innovative digital shopping. This social ecommerce company, which has over 94 million customers and operates in over 94 Indian cities, has revolutionized online shopping by primarily focusing on offering reasonably priced online shopping platforms in eight different Indian languages. Even now, it’s making progress toward opening up the digital market to the general public.

DealShare’s main goal is to make internet shopping easier and more accessible by offering local deals and customized catalogs in regional tongues. The company is making waves by hiring fresh talent to further improve the online shopping experience and improve the lives of Indians, demonstrating a clear commitment to domestic growth and development. Additionally, the company supports and nurtures small-to medium-sized local businesses.

XpressBees

Founders: Amitava Saha, Supam Maheshwari
Founded In: 2015
Valuation: $1.2 Billion
Investors Include: Investcorp, Avendus Future Lenders, Blackstone Group

In the Indian logistics sector, XpressBees is a formidable force to be reckoned with, providing a broad spectrum of solutions from 3PL services to end-to-end supply chain management. This startup provides services to more than 52 airports in India, covering more than 20,000 PIN codes nationwide.

XpressBees offers e-commerce clients fast delivery and round-the-clock order fulfillment in addition to their impressive geographic reach. The company has established partnerships with prominent ecommerce companies, including Snapdeal, Paytm Mall, and Meesho, demonstrating its commitment to providing personalized service and dependability. Capable of managing more than 3 million shipments daily throughout a network of 3,000 offices and service centers, XpressBees demonstrates its dedication to effectiveness and client satisfaction.

Open

Founders: Ajeesh Achuthan, Anish Achuthan, Deena Jacon, Mabel Chacko
Founded In: 2017
Valuation: $1 Billion
Investors Include: IIFL Finance, Temasek Holdings

Open is changing business finance by providing business owners with an all-in-one platform to manage their payments in a streamlined and effective way. With accounting software, users can link their current accounts, generate invoices, reconcile payments, and even keep track of their bills from a single dashboard.

By offering a comprehensive overview of banking, payments, and accounting procedures on a single platform, Open leads the way in streamlining the financial management process for businesses. It facilitates automated payables tracking, GST-compliant invoicing, and a range of digital payment options, which simplify vendor payments and financial reconciliations. To further streamline financial procedures, the platform guarantees that businesses receive their settlements straight into their bank accounts.

Games24x7

Founders: Bhavin Pandya, Trivikraman Thampy
Founded In: 2006
Valuation: $2.5 Billion
Investors Include: Malabar Investment Advisors, Tiger Global Management, The Raine Group

Situated at the nexus of India’s gaming and tech industries, Games24x7 is a company that epitomizes innovative market practices. This company uses machine learning and data science to give its users personalized gaming experiences. It guarantees a flawless user experience by emphasizing the use of data analytics to understand player behavior.

The RummyCircle and My11Circle online platforms, which have revolutionized fantasy sports in India, are among the startup’s most notable achievements. Furthermore, they don’t just target Indian gamers; their U Games studio serves as a creative hotspot for making casual games for a worldwide audience. Along with offering resources and guidance to aspiring business owners, they also invest in early-stage startups. Games24x7 has established itself as a leader in the gaming sector in India and abroad thanks to its strong technological foundation, which guarantees seamless experiences for players at scale.

Also Read: Arrival of the new Renault Duster in India probably by Diwali 2025

Darwinbox

Founders: Chaitanya Peddi, Jayant Paleti, Rohit Chennamaneni
Founded In: 2015
Valuation: $1 Billion
Investors Include: State Bank of India, Microsoft, Salesforce Ventures

Darwinbox is a cutting-edge HR management tool that is changing the way businesses handle their HR departments. Darwinbox is a comprehensive, cutting-edge solution that prioritizes improving productivity, fostering self-service capabilities, and improving the employee experience.

Darwinbox demonstrates a remarkable knack for efficiency and effectiveness, from assisting businesses in ranking among “Greatest Places to Work” lists to expediting scale-up plans through a mobile-first HRMS. Over 850 businesses in 116 countries are using Darwinbox’s widely recognized HCM solution, which outperforms rivals like SAP and Oracle and affects 2.2 million workers. Their HR and employee experiences are seamless thanks to their integrated HRMS platform, which is helping businesses all over the world undergo digital transformation.

Oxyzo

Founders: Asish Mohapatra, Bhuvan Gupta, Ruchi Kalra
Founded In: 2016
Valuation: $1 Billion
Investors Include: Alpha Wave Global, Norwest Venture Partners, Tiger Global Management

With a focus on SMEs, Oxyzo has become a trailblazing provider of financial solutions. They assist businesses with a variety of issues, from obtaining raw materials to meeting immediate financial needs, through their financial solutions. Oxyzo’s unique strategy is based on its utilization of digital platforms and application processes for transparency and competitive pricing.

By offering credit lines that strengthen operations, boost revenue, and improve profit margins, they hope to turn SMEs into large corporations. Existing clients value Oxyzo’s working capital solutions for their beneficial contribution to better cash flow and liquidity management.