Tuesday, June 28, 2022
Home Startup Stories India added 8 new unicorns in just 40 days of 2022

India added 8 new unicorns in just 40 days of 2022

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What is Unicorn ?

Unicorn is a popular term used in the venture capital industry to refer to a privately held startup company that has reached a valuation of $1 billion. Aileen Lee, Cowboy ventures’ founder, coined the term ‘unicorn’ first in 2013 while referring to 39 startups having a valuation of over $1 billion.

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“India had a record number of start-ups (44) reach unicorn status in 2021,” said the Economic Survey, adding that India overtook the UK to emerge as the third highest country in number of unicorns after US and China, which added 487 and 301 unicorns, respectively, in 2021.

In 40 days of 2022 India has already added 8 new Unicorns. India’s newest Unicorns are

  • Mamaearth
  • ElasticRun(B2B ecommerce)
  • Fractal(advanced analytics)
  • LEAD(edtech)
  • Darwinbox(HRtech)
  • DeelShare(social commerce)
  • Livespace
  • Xpressbees
Mamaearth Success Story: Bringing Toxin-Free, Natural Skin Care Products To India
Mamaearth was founded in September 2016 by Ghazal Alagh and Varun Alagh, to make skincare routines a little chic but with utmost care. Headquartered in Gurugram (India), Mamaearth is distinguished in the cosmetics industry of India as an online platform that offers natural and toxin-free skin care products.
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LEAD is India’s largest School EdTech company powering 2000+ schools to deliver international standard education. Find a LEAD powered school near you today.
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