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50 Startups to watch out for: Tracxn’s Soonicorns Club

By   /  September 2, 2016  /  Comments Off on 50 Startups to watch out for: Tracxn’s Soonicorns Club

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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

Pepperfry           Ecommerce

Delhivery            Logistics

Practo                 HealthTech

Book My Show  Online Ticketing

BYJU’s          The Learning App     EdTech

Manthan Retail      Business Intelligence

Lenskart               Ecommerce – Online Retail

Freshdesk           SaaS/Enterprise

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

Cleartrip              Travel

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

Swiggy                Logistics-FoodTech

ZoomCar            Transport

ItzCash               Fintech

Limeroad             Ecommerce – Online Retail

NetMeds             HealthTech

RateGain             SaaS/Enterprise – Cloud-based solutions for travel industry

Zivame                 Ecommerce – Online Retail

Portea                 HealthTech

PropTiger            Real Estate Tech

NestAway           Real Estate Tech

GreenDust          Ecommerce – Online Retail

Rivigo                 Logistics

Grey Orange      Robotics-Warehouse automation solution

UrbanClap          Local Services

IndiaMART         B2B Retail

Mswipe               Fintech – PoS terminal for accepting card payments

Power2SME       B2B Retail

HealthKart          HealthTech

BlackBuck            Logistics

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

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