Upstox has raised the recent funds at a post-money valuation of an estimated $3.4 bn, which pushes it past its rival Groww, which was recently valued at $3 bn in October 2021. Upstox thus became the 40th unicorn startup in India in 2021. The Bangalore-based fitness brand turned unicorn on November 10, 2021, in a deal where the foodtech giant Zomato sold its fitness facility arm Fitso for $50 mn and infused another $50 mn in CureFit. This helped Zomato own 6.4% shares in CureFit, worth $100 mn. As a result of the cross-selling, CureFit joined the unicorn club of Indian startups as the 36th company to turn unicorn in 2021 and the 77th company overall among the Indian startups. Ltd. turned unicorn back in 2019 where it raised around $413 million and was valued at $1.5 billion.
The company joined the unicorn club on August 20, 2021, and became India’s youngest billion-dollar company. Startup NameCoinDCXHeadquartersMumbai, Maharashtra, IndiaIndustryCryptocurrency, Blockchain, FintechFounderNeeraj Khandelwal, Sumit GuptaFounded2018InvestorsB Capital Group, PolychainProducts and ServicesCryptocurrency buying, selling and exchange servicesValuation$2+ billion CoinDCX is an Indian cryptocurrency exchange aggregator based in Mumbai. The company specializes in crypto-enabled financial services. CoinDCX aims to develop financial services without any borders to enable a simpler and seamless flow of capital powered by impregnable security.
The company tried some strategies to lift its brand value. It even tried a sticker-centric experience by rebranding itself as Hike Sticker Chat in April 2019. The company finally announced its shutdown on January 15, 2021. It is also important to note here that Open has resumed India’s unicorn streak, which showed an unprecedented pause towards the end of March 2022, after Games 24×7 achieved the unicorn status. The company is currently acquired by PayU, a Prosus-owned company headquartered in the Netherlands via a deal worth $4.7 billion, one of the biggest deals in the Fintech range of India.
Startup NameVerSe InnovationIndustryContent, Technology, Social Media, InternetFoundersUmang Bedi, Virendra GuptaFounded2007InvestorsGoogle, Sequoia Capital, Microsoft, ByteDance, B Capital and moreProducts and ServicesPowers Josh, Dailyhunt with technological support and expertiseValuation$5 billion VerSe Innovation is the parent company of the leading vernacular news aggregating platform, Dailyhunt. Headquartered in Bengaluru, Verse Innovation is a local language technology platform that is currently powering two of the leading names among the Indian applications – Josh and Dailyhunt and boasts of an amazing reach of over 300 million users. Moglix, presently serves the manufacturing sector, institutional clients , and private clients . The automotive sector, metals and mining, and FMCDs are the best three sectors they cater to. The platform provides Industrial products and services such industrial products and services such as Safety equipment, Electrical and Lighting products, Cleaning and Laundry products, Office Supplies, and Industrial Tools, among others.
The company was valued at around $3 billion in April 2021. Startup NameMeeshoIndustryE-commerceFounderVidit Aatrey and Sanjeev BarnwalFounded2015InvestorsSoftbank, Facebook, Prosus Ventures, Shunwei Capital, venture highway and Knollwood InvestmentProducts and ServicesClothes, cosmetics, household items, etcValuation$4.9 billion Meesho is a popular Indian social ecommerce company that was founded in 2015 by batchmates, Vidit Aatrey and Sanjeev Barnwal. The company has its headquarters in Bengaluru Karnataka. Meesho helps small and medium businesses or even individuals to start their online stores through social media apps like Facebook, Instagram, and Whatsapp. Meesho also has an online reselling website and app that allows people to sell their products without investments.
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InMobi was founded in January 2007 and has been the first unicorn startup of India and thus, a torchbearer of the unicorn league of Indian startups that followed. Glance, a subsidiary company of InMobi, has also turned a unicorn in 2020. Unicorns are mythical creatures that have won over the hearts of children everywhere.
Everyone who has a pet unicorn knows that unicorn names are not easy to come by. While the internet is filled with lists of “cool names”, “weird names”, and “rare names”, there good bike names are very few lists containing cute unicorn names. When you think of a unicorn, a magical creature with a horse like body with a colorful horn at its forehead comes to mind.
Policybazaar.com is currently the largest insurance company in the country and is also popular in UAE. Policybazaar has both a website and an app, which allows its users to compare financial services from the top insurance options. Here’s knowing how Policy Bazaar witnessed an overwhelming growth via its marketing strategies.
The company has its headquarters in Mumbai Maharashtra and is currently the leading online healthcare aggregator in India. Besides selling medicines online, the platform also helps connect patients with the closest local pharmacy and diagnostic center based on their medical needs. It delivers medicines in over 1000 plus cities and across 22,000 pin codes. PharmEasy claims to have delivered more than 1.5 crore orders and has over one lakh medicines available on its website.