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

January 4, 2022

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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. Soonicorns are startups that are closer to reaching 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 Vertical  
1 1mg 158 Gurgaon 2015 Series D HealthTech  
2 Acko 209 Mumbai 2016 Series D FinTech  
3 AGS Transact Technologies 82.9 Mumbai 2002 Series C FinTech  
4 BankBazaar 117 Chennai 2008 Series D FinTech  
5 BharatPe 247 Bangalore 2018 Series D FinTech  
6 BrowserStack 50 Mumbai 2011 Series A SaaS  
7 Capital Float 154 Bangalore 2013 Series C FinTech  
8 cure.fit 399 Bangalore 2016 Series D HealthTech  
9 Dunzo 160 Bangalore 2014 Series E Online logistics  
10 Ecom Express 237 Delhi 2012 Series C Online logistics  
11 Eruditus 161 Mumbai 2010 Series D EdTech  
12 Fresh to home 169 Bangalore 2012 Series C E-Grocery  
13 GreyOrange 200 Gurgaon 2011 Series C SaaS  
14 Grofers 548 Gurgaon 2013 Series F E-Grocery  
15 Indegene 220 Bangalore 1998 Funding Raised HealthTech  
16 Khata Book 87 Bangalore 2018 Series B FinTech  
17 Krazybee 94.8 Bangalore 2015 Series C FinTech  
18 Lendingkart 231 Ahmedabad 2014 Series D FinTech  
19 Licious 94.5 Bangalore 2015 Series E E-Grocery  
20 MobiKwik 215 Gurgaon 2009 Series E FinTech  
21 MPL 236 Bangalore 2018 Series D Digital gaming  
22 Mswipe 105 Mumbai 2011 Series E FinTech  
23 Navi 402 Bangalore 2018 Series C FinTech  
24 Ninjacart 204 Bangalore 2015 Series C E-Grocery  
25 OfBusiness 90.2 Gurgaon 2015 Series D FinTech  
26 Open 36.3 Bangalore 2017 Series E FinTech  
27 Practo 232 Bangalore 2008 Series D HealthTech  
28 Rebel Foods 295 Mumbai 2011 Series E FoodTech  
29 RummyCircle (Games24x7) 5 Mumbai 2006 Series A Digital gaming  
30 Rupeek 76.6 Bangalore 2015 Series C FinTech  
31 Shadowfax 101 Bangalore 2015 Series D Online logistics  
32 Varsity 61.6 Hyderabad 2011 Series B EdTech  
33 Vedantu 206 Bangalore 2011 Series D EdTech  
34 Vivriti Capital 107 Chennai 2017 Series B FinTech  
35 XpressBees 176 Pune 2015 Series E 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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