Aug 5, 2024
By: Prerna Tyagi
Credit: TOI
In business, a unicorn is a start-up company valued at over $1 billion which is privately owned and not listed on a share market. India has 114 unicorns, let’s take a look at the 10 latest entrants to this list.
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Rapido, a ride-hailing service, became a unicorn start-up in 2024. Founded in 2015, it currently operates in over 100 cities.
Credit: TOI
Porter entered the club on May 16, 2024. The platform offers intracity and intercity delivery services.
Credit: TOI
Perfios joined the unicorn club on Mar 13, 2024, after raising a $80M Series D funding round led by Ontario Teachers' Pension Plan, valuing it at $1B. It is a fintech company that services the banking, financial services, and insurance sectors across 18 countries.
Credit: TOI
Krutrim AI Designs raised $50 million at a valuation of $1 billion and became India’s first unicorn startup of 2024. It was additionally the first homegrown artificial intelligence firm to reach the milestone.
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InCred reached this milestone following a successful funding round that raised $60 million. It is a non-banking financial company that facilitates education, personal and business loans.
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Founded in 2021 by Stanford University dropouts Aadit Palicha and Kaivalya Vohra, Zepto entered the unicorn club in 2023. The online grocery company achieved this milestone during a prolonged funding winter after raising $200 million in a Series E round of funding at a valuation of $1.4 billion.
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BoAt has become a household name in India’s consumer electronics market. Helmed by Sameer Mehta and Aman Gupta, the company is known for its trendy and affordable audio products, making it a popular choice among consumers.
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Molbio Diagnostics joined the unicorn club due to its innovative diagnostic solutions. The company is renowned for its point-of-care testing devices, which have revolutionised medical diagnostics by providing quick and accurate results.
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Shiprocket became a unicorn thanks to its logistics aggregation platform, which provides shipping solutions for e-commerce businesses. By streamlining the shipping process, Shiprocket has become a critical player in the e-commerce logistics space
Credit: TOI
OneCard entered the unicorn club in 2022 with its unique credit card offerings that cater to the tech-savvy generation. By providing a seamless digital experience and customisable rewards, OneCard has quickly gained popularity among users.
Credit: TOI