The world is developing at a faster rate, many startups coming up with new innovative ideas which are changing the lifestyle of the public. Daily many startups are entering the market but exiting from the market very fastly. The startups coming with innovative ideas are joining the unicorn list.
The startup or company said to be Unicorn Company when the valuation of the company reaches more than $1 Billion. The company should be a private limited company. The term unicorn came in to picture in the year 2013. In all over the world, there are more than 200 Unicorn companies till now. Every year many companies will join this list, in the year 2018, some of the companies from India also joined the list.
The companies list which joined unicorn list in 2018:
The OYO rooms country’s largest hospitality startup. The startup started in the year 2011 by Ritesh Agarwal. The startup extending its operation to Malaysia, UAE, Nepal, China, and Indonesia recently it is planning to enter in Japan. The investors for the company are SoftBank Group, Sequoia Capital India, and Lightspeed India Partners.
Swiggy is an online food delivering and ordering company, started in the year 2015 by Rahul Jaimini, Sriharsha Majesty, and Nandan Reddy. The startup is based out in Bangalore. The food startup joined the unicorn list in the month of June. The valuation of the company is $1.3 Billion. The investors of the company are Accel India, SAIF Partners, and Norwest Venture Partners. Naspers Ltd. is also planning to invest around $2 billion in the company.
The company started in the year 2008 by Yashish Dahiya, Avaneesh Nirjar, and Alok Bansal. The CEO of the company is Alok Bansal. The startup is the fin-tech company which is for comparing the policies given by various companies and providing the best for the customer. This company also values $ 1 Billion, joined the list in the month of June. The investors for the company are Info Edge and Softbank Capital.
The startup is a learning application which provides various online classes. The company started in the year 2011 by Byju Raveendran. It is based out in Bangalore under the brand name of think and Learns Private Ltd. The company joined the list in the month of October with a valuation of $1 Billion; with the rise of $100 million from General Atlantic India the valuation crossed $2 billion. Investors for the company are Tencent Holdings, Lightspeed India Partners, and Sequoia Capital India.
The startup is the platform for the small & medium businesses in India for trading between B2B. The company started in the year 2016 by Amod Malviya, Sujeet Kumar, and Vaibhav Gupta. The startup is recently raised $225 Million from DST Global, Lightspeed with this fundraising the company entered into unicorn list in September. This is the fastest startup which joined the unicorn list within 26 months after registering of the company. The investors of the company are DST Global, Lightspeed Venture Partners, and Microsoft ScaleUp.
It made its entry in the unicorn list. The startup is about customer engagement software maker. The startup started in the year 2010 by Girish Mathrubootham and Shan Krishnaswamy. The startup is based out in Chennai. The startup raised $100 million from Sequoia and Accel Partners by which it joined in the unicorn list. The startup joined the list in the month of August.