Bangalore/Mumbai: India, the hub of the world’s third largest startup ecosystem, is betting big on startup story. Both in the terms of economic contribution and employment generation, the contribution of startup is remarkable. As of now in India, 11 internet companies are in the unicorn club, and are valued at over a billion dollars. A unicorn is a start-up company valued at over $1 billion. Now, question remains who’s likely to be the next Indian unicorn?
Tracxn, a startup intelligence and market research platform, has picked 50 ‘soonicorns’ — tech startups that are next big things in the startup story and may see follow-on funding, and have the potential to become billion dollar valued company. Tracxn analysts prepared the list of 50 soonicorn companies primarily on following parameters: funding and valuation, and the company’s disclosed growth metrics — such as GMV, seller base, clients, downloads, social media followers, etc. when applicable.
The list includes Bigbasket, CarTrade.com, Grofers, Ecom Express Pvt. Ltd., OYO, Pepperfry, Delhivery, Practo, BookMyShow, BYJU’s, Manthan, Lenskart and others. Out of these list one Ed-Tech startup – BYJU’s and one HR Tech – HackerRank feature in the club while GreyOrange, robotics and automation company, finds a place in the list.
Out of these 50 startups, nine are Fintech companies, nine are in the e-commerce space, and five are from the enterprise/SaaS segment. The list also has five logistics companies and four health tech startups.
Tracxn picked companies that are market and category leaders in large addressable markets, which have a first mover advantage in a globally validated business model. The data platform said in their blog that parameters used vary based on the type of business model, and the sector it operates in.
The Delhi-NCR region represents for 18 soonicorns, while Bangalore has 16. Mumbai accounts for eight soonicorns, while Chennai has four. Pune, Jaipur and Kolkata also find a spot in the soonicorn club. As per Tracxn analysis, the average age of a soonicorn is seven years, one month while soonicorns have raised $71.56M on average.
Here find the complete list of soonicorns startups in India:
Company Name Category
BigBasket Online Grocery
CarTrade Second Hand Automobile horizontal listing platform
Grofers Grocery Hyperlocal
Ecom Express Logistics
OYO Rooms Travel
Book My Show Online Ticketing
BYJU’s The Learning App EdTech
Manthan Retail Business Intelligence
Lenskart Ecommerce – Online Retail
MobiKwik Fintech Mobile wallet, recharge, bill payments
BankBazaar Fintech Loan comparison platform
CarDekho Second Hand Online auto portal for car research and buying/selling deals
Capillary Tech SaaS/Enterprise Customer engagement solutions for retailers
Urban Ladder Ecommerce – Online Retail
Financial Software Systems Fintech
Policybazaar Fintech Leading online insurance aggregator in India
FirstCry Ecommerce – Online Retail for baby products
Druva SaaS/Enterprise – Enterprise endpoint backup & DLP solution
FINO PayTech Fintech
BlueStone Ecommerce – Online Retail
Limeroad Ecommerce – Online Retail
RateGain SaaS/Enterprise – Cloud-based solutions for travel industry
Zivame Ecommerce – Online Retail
PropTiger Real Estate Tech
NestAway Real Estate Tech
GreenDust Ecommerce – Online Retail
Grey Orange Robotics-Warehouse automation solution
UrbanClap Local Services
IndiaMART B2B Retail
Mswipe Fintech – PoS terminal for accepting card payments
Power2SME B2B Retail
Voonik Ecommerce – Online Retail
FreshMenu Food Tech
Pine Labs Fintech Payment Technologies
HackerRank SaaS/Enterprise- HR Tech
Billdesk Fintech Payment gateway
FusionCharts Business Intelligence – Data visualization products