Year 2020 has proved to be harmful for the whole world. The GDP of every major country had gone negative. India's GDP had fallen to -23.9%. But despite the pandamic, there are some Companies and Startups who have managed to join the Unicorn Club.
What is Unicorn?
A Unicorn is term used in business world to indicate a privately held startup company valued at over $1 billion.
Below is the name of startups that have managed to join Unicorn club:
1) Pine Labs:
Pine Labs became Unicorn after getting the funds from New York based financial services major MasterCard in January 2020.
About: Pine Labs was founded by Lokvir Kapoor, Rajul Garg, and Tarun Upaday in 1998, is a Noida based startup. It is an Indian merchant platform company that provides and last-mile retail transaction technology.
2)FirstCry:
After raising the fund of 2120 crore rupees ($296 million) from Japan based SoftBank's vision fund in February 2020. FirstCry became a Unicorn company with the valuation of over $1.2 billion.
About: FirstCry is online store for babies and kids products. It is founded by Supam Maheshwari in 2010. It has over 380 stores accros India out of which around 350 are franchise stores. It sells products of all leading brands for babies and kids (diapers, baby food, infant accessories, cloths and footweas, toys, school products, etc.).
3)Nykaa:
After raising the funds from its Existing Investor SteadView Capital, Nykaa became an Unicorn in May 2020.
About: Nykaa is an Indian retail seller of beauty, wellness and fashion products. It was founded by Falguni Nayar (formal managing director at Kotak Mahindra Capital) in 2012. Total Valuation of Nykaa is $1.2 billion.
4) Postman:
It secured a series C funding of $150 million in June 2020 and became a $2 billion Valuation company.
About: Postman is the collaboration platform of API development. It was founded by Abhijit Kane, Abhinav Asthana, Ankit Sobti in 2014. It simplifies each step of building an API and streamlines collaboration so anyone can create better APIs.
5) Zerodha:
Zerodha was founded by Nithin Komath and Nikhil Komath in 2010 and headquartered in Bengaluru.
About: Zerodha is an Indian financial service company that offer retail and institutional broking, currencies and commodities trading, mutual funds and bonds. It was found with the goal of breaking all barriers that tradors and investors face in India in terms of cost, support and technology.
Total Valuation of Zerodha is $3 billion.
6) Unacademy:
Unacademy is a Bengaluru based edtech Startup. Recently, after raising the fund from Tiger Global and Dragoneer Investment, it became a $2 billion Unicorn.
About: Unacademy was founded by Gaurav Munjal, Roman Saini and Hemesh Singh in 2015. The company has a network of over 18,000 educators, and offers preparation material for several professional and educational entrance exams.
7) Razorpay:
Fintech Startup Razorpay, after raising the fund of $100 million in October 2020, became Unicorn.
About: Razorpay was founded in 2014 by Mathur and Shashank Kumar. It was founded to make the payment process simple for Startups. With Razorpay, you have access to all payment modes including credit and debit cards, UPI and popular mobile wallets. It's total valuation is over $1 billion.
8) Cars24:
Used cars platform Cars24 is the latest entrant to the Unicorn club with $200 million Series E round led by DST Global.
About: It is the first Indian Startup in the automotive sector to achieve unicorn status. Now it's total Valuation is over $1 billion. It was founded by Vikram Chopra and Mehul Agrawal in 2015. It helps people to sell their car in the best price.
These are the Companies that achieved Unicorn status in 2020. And Now there are in total 35 Indian companies that achieved Unicorn status. You would be proud to know that India is on the third position after US (137) and China (120) to have a maximum number of Unicorn companies.
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