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India's next billion dollar Startups 2021
India's next billion dollar Startups 2021

July 12, 2021

21

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The Indian startup ecosystem has grown by leaps and bounds in the last four years with nearly 45 unicorns as of May 20, 2021.

While sectors like E-Commerce have become mature and seen a lot of growth, industries like FinTech, SaaS, EdTech, and HealthTech have been in prominence recently.

With India’s Startup ecosystem brimming with one Unicorn a-day energy, our team has been closely tracking the developments to come up with the soon-to-be Unicorns a.k.a Soonicorns across the technology sector in India. Soonicorn are startups that are closer to reach a valuation of US$ 1 billion. 

The second edition of India’s Soonicorns list prepared by PGA Labs has shortlisted 35 Startups from sectors including FinTech, HealthTech, SaaS, online logistics, digital gaming, E-Grocery, and FoodTech.

Let's have a look at the 35 next billion-dollar startups.

S.No Company Funding (US$ M) City Founded year Company stage Valuation (US$ M) Vertical
1 1mg 158 Gurgaon 2015 Series D 213 HealthTech
2 Acko 209 Mumbai 2016 Series D 383 FinTech
3 AGS Transact Technologies 82.9 Mumbai 2002 Series C 250 FinTech
4 BankBazaar 117 Chennai 2008 Series D 264 FinTech
5 BharatPe 247 Bangalore 2018 Series D 885 FinTech
6 BrowserStack 50 Mumbai 2011 Series A 500 SaaS
7 Capital Float 154 Bangalore 2013 Series C 350 FinTech
8 cure.fit 399 Bangalore 2016 Series D 775 HealthTech
9 Dunzo 160 Bangalore 2014 Series E 267 Online logistics
10 Ecom Express 237 Delhi 2012 Series C 500 Online logistics
11 Eruditus 161 Mumbai 2010 Series D 850 EdTech
12 Fresh to home 169 Bangalore 2012 Series C 295 E-Grocery
13 GreyOrange 200 Gurgaon 2011 Series C 700 SaaS
14 Grofers 548 Gurgaon 2013 Series F 675 E-Grocery
15 Indegene 220 Bangalore 1998 Funding Raised 700 HealthTech
16 Khata Book 87 Bangalore 2018 Series B 275 FinTech
17 Krazybee 94.8 Bangalore 2015 Series C 200 FinTech
18 Lendingkart 231 Ahmedabad 2014 Series D 273 FinTech
19 Licious 94.5 Bangalore 2015 Series E 300 E-Grocery
20 MobiKwik 215 Gurgaon 2009 Series E 366 FinTech
21 MPL 236 Bangalore 2018 Series D 450 Digital gaming
22 Mswipe 105 Mumbai 2011 Series E 439 FinTech
23 Navi 402 Bangalore 2018 Series C 524 FinTech
24 Ninjacart 204 Bangalore 2015 Series C 494 E-Grocery
25 OfBusiness 90.2 Gurgaon 2015 Series D 440 FinTech
26 Open 36.3 Bangalore 2017 Series E 552 Fintech
27 Practo 232 Bangalore 2008 Series D 904 HealthTech
28 Rebel Foods 295 Mumbai 2011 Series E 799 FoodTech
29 RummyCircle (Games24x7) 5 Mumbai 2006 Series A 290 Digital gaming
30 Rupeek 76.6 Bangalore 2015 Series C 303 FinTech
31 Shadowfax 101 Bangalore 2015 Series D 205 Online logistics
32 Varsity 61.6 Hyderabad 2011 Series B 225 EdTech
33 Vedantu 206 Bangalore 2011 Series D 584 EdTech
34 Vivriti Capital 107 Chennai 2017 Series B 236 FinTech
35 XpressBees 176 Pune 2015 Series E 404 Online logistics


Please note: The Soonicorns list contains startups above US$ 200 million valuations. 

The list was last updated in April 2021.

 


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