There are almost 600 unicorns on the planet as of April 2021. According to Inc42, India’s ten startups will be listed among the Unicorns in 2021. We’ve created a list of a few companies that are among India’s top startups in this blog. These businesses have thrived over the years and are now eager to broaden their reach.
CRED is a platform where you may pay your credit card bills and get rewarded for it. It was founded in 2018. Users receive “CRED coins” when they pay their bills through the CRED app, according to the platform’s new model. These coins can then be used to purchase any product, enter a contest, or attend any workshop.
The Bangalore-based firm offers a variety of services to users, including loans and a premium library of merchandise. People will be incentivised to change their financial behaviour, according to the startup.
This AI-first SaaS company aspires to become the world’s premier voice automation and AI platform. Speech recognition and Voice Assistant are services provided by the company to the banking, food & beverage, and hospitality industries. Their services require the least amount of human intervention and can also tackle complex servicing concerns. In the year 2020, the company, which was founded in 2016, has raised $5.1 million in funding.
PharmEasy is an Indian online pharmacy and medical store that specialises in over-the-counter (OTC) medications, diagnostic tests, and medical devices. The company was launched in Mumbai, Maharashtra, in 2015 and has had tremendous growth since then. It’s an internet pharmacy featuring everything you’d find in a traditional medical store.
This health-tech business has raised $350 million, making it India’s first Epharmacy unicorn. The money was raised as a result of PharmEasy’s merger with rival Medlife. PharmEasy acquired a 100% stake in Medlife, while Medlife received a 19.95% stake in the merged entity.
4. Digit Insurance
Digit Insurance is an insurance company that claims to simplify insurance products for everyone, allowing people’s perspectives on insurance to shift. The company was started in 2016 and just made its way into the Unicorn club after obtaining $18 million in investment in 2021. In the year 2020, the company raised its first round of funding, which included $340,000 from Indian celebrity couple Virat Kohli and Anushka Sharma.
Meesho is a reseller platform that was founded in 2015 by IIT-Delhi graduates and is poised to become a major e-commerce distribution channel where homepreneurs may sell products via WhatsApp, Facebook, and Instagram. After receiving $300 million in funding, the company is now valued at $2.1 billion.
Meesho is the ecosystem that makes it possible for small enterprises to operate on the internet. Facebook is one of the investors in this platform, which has raised $490 million to date. Meesho is an online marketplace that links vendors with customers and manages logistics, orders, and payments for the sellers. It has a network of more than 13 million entrepreneurs in Indian cities that sell groceries, home and kitchen equipment, clothing, and other goods.