Top 5 Indian Unicorns

 BY MUDIT JAIN

A unicorn is a term used to describe a privately owned startup business with a valuation of more than $1 billion. There are over 35 unicorn startups in India with a total valuation of over $ 80 billion. The top 5 Indian Unicorns are

1.Paytm

Paytm is one of the biggest unicorn startup in India. Paytm is a payment service provider in India. The fintech startup is famous for its payment gateway service which helps consumers to make seamless payments to the seller from their bank accounts. Paytm entered the unicorn club in 2015, in 2015 paytm's valuation was over $7 billion and it has increased now to $16 billion in 2020. Investors include Alibaba, Ant Financial,Intel Capital, and Warren Buffett’s Berkshire Hathaway.

2.Byjus Classes

 Byju's is an ed-tech platform located in Bangalore. It is a freemium online tutoring and coaching company that was established in 2011 and operates on a subscription basis. It was created by Byju Raveendran and is used by over 15 million students worldwide, with over 9,00,000 paying subscribers. Aarin Capital, Sequoia Capital, Lightspeed Ventures, Tencent, General Atlantic, Tiger Global are investors of the company. The company's valuation is $11.7 billion.

3.Oyo Rooms

 Oyo Rooms also known as Oyo Hotels & Homes, is a leased and franchised Indian hospitality chain of hotels, homes, and living spaces. OYO was founded in 2013 by Ritesh Agarwal and consisted primarily of budget hotels at the time. According to the most recent round of investment, the firm is worth $10 billion. Lightspeed Ventures, Sequoia Capital, SoftBank are investors of the company.

4.Ola

Ola is India's largest transportation network and one of the world's largest ride-hailing firms, with operations in more than 250 cities across India, Australia, New Zealand, and the United Kingdom. Ola was priced at about US$ 6.5 billion as of October 2019. The business is owned by several venture capitalists, including Tiger Global, Matrix Partners, Steadview, SoftBank, Tencent.

5.Zomato

Pankaj Chaddah and Deepinder Goyal formed Zomato in 2008 as a restaurant aggregator and food delivery service in India. Zomato purchased Uber Eats' Indian company in an all-stock deal, offering Uber Eats 10% of the combined business. Info Edge, Sequoia Capital, Vy Capital, Alibaba are investors of the company. Zomato offers restaurant content, menus, and user feedback, as well as food delivery from partner restaurants in a few cities. Zomato is valued at around $5.4 billion.