‘UNICORN STARTUP‘ is the most often-used phrase among entrepreneurs. Every entrepreneur hopes their company will count in one of the unicorn startup companies one day. If you’re one of them, you’re probably seeking the most inventive techniques to help your company join the ranks of Indian startup unicorns. Nothing beats following in the footsteps of the most well-known Indian startup unicorns to expand your firm’s horizons.
According to the most recent figures, over 33% of Indian businesses achieved unicorn status in the previous fiscal year. The great proportion will inspire you to dream even greater and propel your company to unprecedented success. Startup India seed funding Scheme (SISFS) funds companies for proof of concept, prototype development, product testing, market entrance, and commercialization. Startups that meet the eligibility requirements may apply for the initiative via the Startup India seed funding site. The Seed Fund will be distributed to chosen entrepreneurs throughout India via qualifying incubators. Seed investors assist firms in becoming unicorns.
However, getting your business into the ‘unicorn startup’ category requires much work. Knowing more about the Indian startup scene can help things go more smoothly. In addition to offering comprehensive information about Indian startup unicorn companies, this blog will also teach you about “unicorn startups.”
What is Unicorn Startup ‘ and what does it mean?
A unicorn startup has a value of one billion dollars or more. Previously, the word was used to describe one-of-a-kind and unusual unicorn startup companies that would set value standards in their respective sectors. Over the last two decades, the unparalleled development in global startup culture has helped countless firms become unicorns.
To put it another way, unicorn startups have broken the code of market disruption. Without using IPOs and stocks, unicorn companies generate more money than others.
Unicorn startup companies are often the most visionary, with credible plans at their core. One distinguishing feature of these firms is their focus on making good changes to their target markets. In reality, a unicorn startup’s long-term ambition communicates its distinctive quality to private investors or venture capitalists, making funding relatively straightforward for the founders.
Features and Facts About the Unicorn Startup
It would help if you gathered from the preceding sections that unicorn companies are unique from other types of startups. Unicorn startup companies are more likely to take unique trajectories as they expand up and become unicorns.
The following are the distinguishing features of unicorn startups:
Privately Owned and Operated
Unicorn entrepreneurs rarely choose the road of diluting ownership. General data show that startup unicorns worldwide stay privately held for lengthy periods. Even if the founders of unicorn firms desire to go public through IPOs, they only do so after meeting specific criteria. Most unicorn firms get cash from reputable venture capitalists to set a value benchmark.
Technology-driven Operations
Startups with cutting-edge technologies are more likely to become unicorns. According to the IBEF analysis, the total value of startups in the Indian e-commerce business is expected to reach $188 billion by 2025.
Potential entrepreneurs should leverage technological innovation to expand rapidly and become unicorns. The most successful businesses employ cutting-edge technology to provide seamless services to their consumers, allowing them to disrupt the market more easily.
Risk-takers
The overwhelming majority of global unicorn startup companies seek to uncover novel target markets that established enterprises still need to serve. Despite the risks associated with pursuing atypical markets, startup unicorns use unique problem-solving talents to enhance their profit margins.
Stated they are finally rewarded for taking the risk of investigating a new sector. That is why startup unicorns are seen to be trendsetters. Indeed, investors need to assess unicorn companies based on their financial characteristics and statistics. Instead, they gamble on these firms’ concise business plans and transformative ambitions when investing.
Constant Service Improvement
Unicorn businesses have yet to reach a saturation point of success since they always strive to improve. A startup unicorn often does not have a fixed growth limit, and such a firm may be grown to new heights with timely strategic implementations. In reality, the primary goal of most unicorn firms is to improve people’s lives as much as possible. Unicorn startup companies are constantly adjusting and improving their operations to achieve their primary purpose.
Market Upheaval
Unicorn businesses make the market disruption process seem seamless and uncomplicated. They can completely transform the game with breakthroughs that are beyond comprehension. Their ideas’ scalability stays remarkably high, allowing them to grab their target markets swiftly.
Unicorn Startups and Markets
In 2021, India will have 70 unicorn startups. In 2021, 40% of India’s unicorns will have been born.
Fun fact: The Indian unicorn ecosystem boomed in 2020, with 11 firms becoming unicorns due to their performance and leadership.
Unacademy, Pine Labs, first cry, Zenoti, Nykaa, Postman, Zerodha, Razorpay, Cars 24, Dailyhunt, and Glance are among the unicorn firms that will enter the Indian market in 2020. These 11 startups gained unicorn status in 2020, beating the previous record.
Unacademy is an educational technology portal. Gaurav Munjalm first launched a YouTube channel. Gaurav and co-founders Hamesh Singh and Roman Saini established Unacademy as India’s top learning platform.
Pine Labs is a startup that handles offline payments. Lokvir Kapoor and his co-founders created the financial technology firm in 1998. Tarun Upaday, Rajul Garg.
The first scream comes from India’s top children’s e-commerce site. The brainchild brand, formed by Supam Maheshwari and Amitava Saha, effectively provides infant care items to the general public.
Zenoti is a spa and salon software developer. Zenoti, the sixth Indian software business in the Unicorn club, provides global mobile-first solutions for appointment booking, self-check-in, payments, personnel administration, and inventory monitoring.
Nykaa is a cosmetics and grooming e-commerce startup. Nykaa, founded in 2012 by Falguni Nayar at 50, is a Unicorn startup in the Indian e-commerce market. The Indian lifestyle retail company provides beauty, health, and fashion items.
Postman is an API administration application. Abhinav Asthana created an Indian software as a service (SaaS) firm that helps organizations create and test application programming interfaces or APIs.
Zerodha is a well-known brand in India that is a market leader in online stock trading. After being exposed to trading at 17, visionary CEO Nithin Kamath built the company by trading in the morning and working at a contact center at night.
Razorpay is an online payment processor. Harshil Mathur and Shashank Kumar launched the Bangalore-based financial startup. It is a first-of-its-kind startup that enables the company to collect, process, and disburse payments via its product suite while also operating a popular mobile wallet.
Vikram Chopra, Mehul Agrawal, Gajendra Jangid, and Ruchit Agarwal launched Cars 24, a popularly used automobile buying and selling website in India. The C2B business purchases old vehicles from individuals or dealerships and resells them to other dealerships.
Dailyhunt is a significant content portal that provides news, audiobooks, and other services. Virendra Gupta established Dailyhunt, which was formerly known as Newshunt.
Finally, Glance is an AI-powered firm owned by the adtech unicorn InMobi. Glance, developed in 2019 by Naveen Tewari, Abhay Singhal, Mohit Saxena, and Piyush Shah, is a service that comes pre-installed on mobile phones produced by Samsung, Xiaomi, Gionee, and Vivo.
As of 2021, the list of unicorn startup companies in India comprises 70 names, such as Byjus, Paytm, Meesho, PharmEasy, CRED, Groww, ShareChat, and others.
Here are the top seven industries that might affect the future:
1. Science and technology
The IT sector will be this cash infusion’s first and most immediate beneficiary. Multiple technology businesses are valued at all-time highs. Startups like Stripe, which has already hit roughly $100 billion in market value, are developing at exorbitant prices. This form of capital generation will likely result in other entrepreneurs racing to develop newer technologies and values.
2. Healthcare services
Healthcare and pharmaceutical firms will gain from the post-Covid money flow. As public trust in the healthcare business grows due to the enormous efforts and ultimate success of vaccine development, it is expected that a lot of new money will flow into this sector. This new venture capital funding will likely result in the formation of dozens of billion-dollar healthcare enterprises throughout the globe.
3. Car business
The car business will get a lot of attention in the future years. Tesla has reached a stratospheric value, speeding toward a $1 trillion valuation. A swarm of new electric car firms is racing to go public, resulting in both triumphs and failures, fueling the formation of the next hundreds of startups vying for unicorn status.
4. Renewable energy
In the next wave of innovation, the hydrogen economy might emerge as a new winner. According to a Bank of America analyst, the global hydrogen economy might reach $11 trillion. How much new income will create in these new industries is still being determined. However, several nations, like Saudi Arabia and India, have begun aggressively investing in this economy as peak oil is expected.
5. The internet
After the global rollout of 5G, telecom and the internet will thrive. As 2 billion additional people join the digital age and connect to the internet for the first time, tremendous amounts of information and apps in different languages will create. In only four years, India’s Reliance Jio attracted 400 million consumers. This success may lead to new businesses and data use, resulting in a surge of new unicorns based on this infrastructure.
6. Retail
The retail business is always under attack from e-commerce enterprises all around the globe. Currently, the global retail sector is made up of millions of businesses that generate $25 trillion together. New enterprises are sprouting up in every nook and cranny of this huge sector, upending decades-old institutions. This industry is producing new ecosystems that were inconceivable even ten years ago.
7. Agriculture
Agriculture is another business that will undergo significant transformation as we strive to feed the world’s ever-increasing population. With the world population anticipated to reach 9.2 billion by 2040, there is an urgent and critical need for food production innovation. Producing considerably larger quantities of fine-quality foods using hydroponics, vertical farming, and other advances will likely form several billion-dollar corporations in this multi-trillion-dollar market.
Bottom Line
According to a Hurun Research Institute assessment, India’s potential unicorns, which include Shiprocket, Zepto, Turtlemint, Pepperfry, Juspay, and Ather Energy, are already valued at $49 billion, a 36% increase in value from last year.
The research firm’s analysis is a list of privately owned Indian firms formed after 2000, valued at least $200 million, and predicted to become unicorns in the following 2-4 years. Unicorns are privately owned unicorn startup companies with a market capitalization of $1 billion.
