We have come across the term "unicorn companies" or "unicorn startups" in our current day-to-day conversations or on the internet and social media.
Investopedia, the term "unicorn" was first popularised by venture capitalist Aileen Lee, founder of CowboyVC, a seed stage venture capital fund based in Palo Alto, California.
A unicorn startup or a company is a private firm with a valuation of over $1 billion.
CBInsights, a website that tracks private companies and startups, there are more than 260 unicorn startups all around the world. Here are the top unicorn companies of India: One97 Communications: Valuation: $10 billion | Industry: Fintech | CEO: Vijay Shekhar Sharma
One97 Communications is a mobile internet company. Paytm, One97's flagship brand is a digital good and mobile commerce platform. Paytm is also a payment solutions provider to ecommerce merchants.
Snapdeal: Valuation: $7 billion | Industry: Ecommerce/Marketplace | CEO: Kunal Bahl
Snapdeal, operated by Jasper Infotech, is a daily deal site featuring a wide range of products and services from thousands of national, international and regional brands.
Oyo Rooms: Valuation: $5 billion | Industry: Travel Tech | CEO: Ritesh Agarwal
Oravel Stays or Oyo Rooms, operates a virtual hospitality brand in India by aggregating hotels/guesthouses in the economy segment, making inventory discoverable and bookable online, and providing a standardised and trusted experience to travelers.
Olacabs: Valuation: $4.3 billion | Industry: On-Demand | CEO: Bhavish Aggarwal
Olacabs is a ride-hailing taxi service provider, having its headquarters in Bengaluru. The company has recently started services in Australia and the UK.
ReNew Power Ventures: Valuation: $2 billion | Industry: Energy and Utilities | CEO: Sumant Sinha
ReNew Power has established and positioned itself in the renewable energy market with the intention of producing clean energy and thereby reducing India's carbon footprint.
Hike: Valuation: $1.4 billion | Industry: Social | CEO: Kavin Bharti Mittal
Hike is a mobile messaging app and simplifies how people connect and interact with content and services on mobile.
Swiggy: Valuation: $1.3 billion | Industry: On-Demand | CEO: Sriharsha Majety
Bundl Technologies, dba Swiggy, is a Bengaluru-based food ordering app. The company partners with restaurants to offer users food ordering and delivery services. The company has its own fleet of delivery personnel who pick-up orders from restaurants and deliver it to customers.
Shopclues: Valuation: $1.1 billion | Industry: Ecommerce/Marketplace | CEO: Sanjay Sethi
ShopClues.com, operated by Clues Network, is a fully managed online marketplace that connects buyers and sellers and offers a trusted and safe online shopping experience.
Zomato Media: Valuation: $1 billion | Industry: Social | CEO: Mohit Gupta
Zomato Media is an India-based online food and lifestyle portal providing advertising, ratings, and reviews for restaurants. It has an Uber booking option built in to the app, allowing users to book cabs to take them to the restaurants they wish to go to right away.
InMobi: Valuation: $1 billion | Industry: Adtech | CEO: Naveen Tewari
InMobi operates a mobile ad network with an extensive range of ad formats, analytics and monetisation tools for app businesses. The company builds mobile-first customer engagement platforms that transform the economics of influencing global consumers.
Quikr: Valuation: $1 billion | Industry: Ecommerce/Marketplace | CEO: Pranay Chulet
Quikr is an ecommerce site which provides a platform to buy and sell properties, furniture etc.
PolicyBazaar: Valuation: $1 billion | Industry: Fintech | CEO: Yashish Dahiya
PolicyBazaar helps users compare financial products like life insurance, general insurance, loans and credit cards. To enable easy and sensible comparison, the company has partnered with financial institutions disbursing loans and selling insurance in India. PolicyBazaar helps to get free insurance quotes and users can compare plans based on multiple features.
BYJU'S: Valuation: $1 billion | Industry: EdTech | CEO: Byju Raveendran
BYJU's is a K-12 learning app which has highly adaptive, engaging and effective learning programmes for students in classes 4-12 (K-12). The app also provides learning programmes and study materials for competitive exams such as JEE, NEET, CAT, civil service, GRE, and GMAT.
Udaan is a B2B platform designed specifically for small and medium businesses in India, bringing together traders, wholesalers, retailers and manufacturers and enabling logistics and payments through the platform.
Udaan: Valuation: $1 billion | Industry: Ecommerce | Founders: Sujeet Kumar, Amod Malviya and Vaibhav Gupta