14 Indian Tech Startups That Have Transformed Into Billion-Dollar Businesses

Harin - Jun 27, 2019


14 Indian Tech Startups That Have Transformed Into Billion-Dollar Businesses

In the last few years, India’s ecosystem for tech startups has seen great success. Here are 14 Indian-based startups that have transformed into billion-dollar businesses.

In the last few years, India’s ecosystem for tech startups has seen great success. Some of the startups have joined the unicorn club or firms with value more than $1 billion. Here are 14 Indian-based startups that have transformed into billion-dollar businesses.

1. Lenskart

Lenskart
Lenskart.

Lenskart, a well-known eye-wear retailer and e-retailer, succeeded in securing a fund of $350 million from the SoftBank Vision fund.

2. Big Basket

Big-Basket-Online-Grocery
Big Basket.

At the beginning of 2019, Big Basket, grocery e-tailer, called for a $150 million fund from the Mirae Asset Global Investments. After that, the company was valued at $1.2 million and this put BigBasket into the unicorn club.

3. Druva

Druva
Druva.

Druva, a data protection firm from Prune, is the latest member of the unicorn club. The company succeeded in calling for a fund of $130 million from investors led by Atreides Management, Neuberger Berman and Viking Global Investors. The company now has a value of more than $1 billion.

4. Dream11

Dream11
Dream11.

Dream11 is the only startup specializing in gaming that becomes a unicorn. Earlier this year, the company received an investment from Steadview Capital to reach a value of $1 billion dollars.

5. Policybazaar

Policybazaar
Policybazaar.

The company was founded back in 2008 by IIT alumni. Softbank later invested $238 million in the company. Policybazaar’s parent company is ETechAces Marketing and Consulting. The main investors are Softbank, IDG Ventures India, Inventus Capital, and Temasek.

6. Paytm Mall

Paytm-Mall

Paytm Mall received investment from Softbank and Alibaba and get into the Unicorn club with a value of $1.9 billion. Paytm Mall competes against e-commerce giants like Walmart-owned Flipkart and Amazon. Paytm Mall’s investors include Alibaba, Softbank, and Ant Financial.

7. Oyo

Oyo
Oyo.

Ritesh Agarwal founded Oyo in 2014. The company transformed into a billion-dollar business after it received $800 million in funding from Softbank. The value of the company is now close to $5 billion. Oyo’s investors are Softbank Vision Fund, Sequoia Capital, Grab, Venture Nursery, Lightspeed Venture Partners, and Hero Enterprises.

8. Swiggy

Swiggy
Swiggy.

The field of startups has seen lots of food tech business came and gone. However, Swiggy has succeeded. The company was founded by Rahul Jaimini, Nandan Reddy, and Sriharsha Majety. Its valuation is now $3.3 billion after it got a funding of $1 billion from investors which include Tencent, Wellington Management, Naspers, Hillhouse Capital, and many more.

9. Byju's

Byjus
Byjus.

In 2018, education technology platform Byju's received a funding of $40 million from South Africa-based Naspers Ventures. The company has a value of $3.6 billion. Investors include IFC, Chan Zuckerberg Initiative, Sofina, Verlinvest, Sequoia Capital, and General Atlantic.

10. Freshworks

Freshworks
Freshworks.

Freshworks, a software maker, received a funding of $100 million from Accel Partners and Sequoia India. The firm which is based in Chennai was founded in 2010. Its investors are Tiger Global, Accel Partners, and Sequoia Capital.

11. Udaan

Udaan
Udaan.

Udaan, a B2B online market place, is viewed as India’s fastest startup to reach a value of $1 billion. In 2016, three former executives from Flipkart founded the company. Some of its investors include Lightspeed Venture Partners and DST Global.

12. Zomato

Zomato
Zomato.

Another startup in the food tech business that survived the harsh competition is Zomato. Zomato received a funding of $210 million in October 2018 from Ant Financial which put its value to nearly $2 billion.

13. Billdesk

Billdesk
Billdesk.

While BillDesk has been in the startup field for a while but not until last year did it get into the unicorn club. With an investment of $300 million from Visa, BillDesk’s value was close to $1.8 million. In 2000, the company was founded and since then it has become one of the largest online payments processing company in India. Some of its investors are Visa, Bank of Baroda, State Bank of India, and many more.

14. Delhivery

Delhivery
Delhivery.

Prominent logistics startup Delhivery received a funding of about $143 million from Softbank Vision Fund in March to finally enter the unicorn club. In its equity financing round led by Softbank, the company raised $413 million.

Comments

Sort by Newest | Popular

Next Story

Read more

Huawei P40 Lite Unveiled: Quad Rear Cameras, 40W Fast Charging, No Google Mobile Service

Mobile- Feb 27, 2020

Huawei P40 Lite Unveiled: Quad Rear Cameras, 40W Fast Charging, No Google Mobile Service

Huawei P40 Lite is considered as the renamed version of Huawei Nova 6 SE - the mid-range smartphone that Huawei introduced in China last December.

LG V60 ThinQ Is Here: Snapdragon 865, Dual-Screen, 5,000mAh Battery

Mobile- Feb 27, 2020

LG V60 ThinQ Is Here: Snapdragon 865, Dual-Screen, 5,000mAh Battery

LG V60 ThinQ finally goes official and it is equipped with a Snapdragon 865 SoC, a dual-screen accessory with a 6.8-inch display, and a massive 5,000mAh battery.

Xiaomi Hinted That Dr. K Sivan Of ISRO Should Switch From A Samsung Phone To A Redmi

Features- Feb 26, 2020

Xiaomi Hinted That Dr. K Sivan Of ISRO Should Switch From A Samsung Phone To A Redmi

The meeting with ISRO’s chairman Dr. K Sivan is also the perfect opportunity for Xiaomi to showcase its Redmi K20 phone

Vivo Z6 5G Teased To Feature PC-Grade Cooling System & Professional Gaming Mode

Mobile- Feb 25, 2020

Vivo Z6 5G Teased To Feature PC-Grade Cooling System & Professional Gaming Mode

Vivo promises that the Vivo Z6 5G will be the first smartphone with a PC-grade water cooling system despite the handset being a mid-range smartphone with a Snapdragon 765G.

118 Indian Nationals On Coronavirus-Struck Cruise Ship Returned To India Onboard A Special Flight

Features- Feb 28, 2020

118 Indian Nationals On Coronavirus-Struck Cruise Ship Returned To India Onboard A Special Flight

However, the flight did not get all Indian nationals on the cruise ship though. Three decided to remain on the Diamond Princess for a reason unknown

Samsung Ready For Mass Production Of 16GB LPDDR5 RAM

ICT News- Feb 26, 2020

Samsung Ready For Mass Production Of 16GB LPDDR5 RAM

Galaxy S20 Ultra 5G is the first smartphone model featuring 16GB LPDDR5 RAM.