Unicorn Startups in India

“Be a unicorn in a field of horses”

Have you ever wondered how the companies started with a small ideas are counting millions or billions in today’s era and why these companies are known as unicorn”?

In the financial world, any privately owned startup company whose valuation crosses over 1 billion dollars are called as unicorns.




In 1990’s Alphabet (parent company of Google) was the first superunicorn of the world with a valuation of more than 1 trillion dollars.

In India a company named InMobi which was founded in 2007 was the first company to become a unicorn in 2011. This company was globally providing the mobile advertising services.

As per the data of 2k22, India is the home to 107 unicorns with a total valuation of 340.79 billion dollars.

Companies like Paytm, Ulber and Airbnb has revolutionised the fields of transactions, transportation and travelling stay respectively. These companies had made themselves unique from the others because of their unique ideas..

Apart from the global recognisation, these unicorns get benefitted as they easily grap the attention of consumers, targeted audience and external investors..

Fintech Unicorns In India -

There are some  popular Fintech unicorn startups. Let's talk about them...


1. Bharat Pay -

Founded in 2018 by Ashneer Grover and Shashvat Nakrani, BharatPe launched India’s first UPI interoperable QR code. The fintech startup entered the unicorn club after raising $370 Mn in a Series E equity round at a valuation of $2.85 Bn in 2021. According to company filings, it posted a loss of INR 1,619 Cr in FY21.

2. Bill Desk -

Founded in 2000 by MN Srinivasu, Ajay Kaushal, and Karthik Ganapathy, payments gateway startup BillDesk took almost two decades to achieve unicorn status, joining the unicorn club in 2018 after a funding round. BillDesk also counts itself among profitable fintech unicorns in India, having clocked profits of INR 245.55 Cr in FY21.

3. Coin DCX -

Founded in 2018 by Sumit Gupta and Neeraj Khandelwal, CoinDCX is a cryptocurrency exchange startup which allows users to buy and sell cryptocurrencies on its app and website. CoinDCX became the first Indian crypto exchange to become a unicorn after it raised $90 Mn in August 2021. In April 2022, CoinDCX raised $135 Mn in a Series D funding round, becoming India’s most valued crypto startup.

4. CRED -

Founded in 2018 by Kunal Shah, CRED offers premium credit card users rewards and benefits for paying credit card bills. CRED joined the list of fintech unicorns in India early in 2021 when it raised $215 Mn at a valuation of $2.2 Bn. The same year, the Bengaluru-based fintech unicorn raised $251 Mn, doubling its valuation to $4 Bn. Last week, CRED raised $140 Mn, taking its valuation to $6.4 Bn.

5. Groww -

Founded in 2017 by ex-Flipkart employees Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, Groww offers direct plans for mutual funds and investing via mobile application and web platform. Groww raised $83 Mn in its Series D funding, led by Tiger Global, to enter the list of fintech unicorns in India. Later in the year, Groww also raised $251 Mn in its Series E round, which valued the Indian startup at $3 Bn.


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