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8 Latest Companies To Join Unicorn Startups Club (April 2021)

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As per research firms and industry specialists, India will have a critical expansion in the quantity of unicorns by 2021. At present, India has near 40 unicorns; as per a NASSCOM report, there will be 50 unicorns before the finish of 2021, however at our present rate, we may before long outperform that number.

Digit Insurance

In the wake of raising INR 135 Cr ($18 Mn) from existing financial backers at a valuation of $1.9 Bn, Bengaluru-based insurtech startup Digit Insurance turned into the primary Indian startup to enter the unicorn club in 2021. Following a 31.9% expansion over the most recent nine months, it has raised the subsidizing as development cash-flow to meet the dissolvability edge necessity.


Innovaccer, situated in Noida and San Francisco, has become the main Indian unicorn subsequent to bringing $105 million up in a Series D round drove by Tiger Global Management. After the current round, the wellbeing tech startup is esteemed at $1.3 billion. Before the finish of 2021, Innovaccer hopes to have accomplished a build yearly development rate (CAGR) of 100%, on account of development in the medical care specialist co-ops, payers, and life sciences areas.

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Five Star Business Finance

Financial backers in non-bank moneylender Five Star Business Finance are in converses with purchase the organization for $1.2-1.3 billion (Rs 9,000 crore), esteeming it at $1.2-1.3 billion (Rs 9,000 crore) and making it India’s new unicorn. Framework Partners, Norwest Venture Partners, and private worth goliath TPG are among the monetary sponsor of Five Star, which gives secured advances to autonomous organizations.


SoftBank Group Corp’s. Vision Fund 2 drove a $300 million round of financing for Bangalore-based social business startup Meesho Inc., esteeming the organization at $2.1 billion. Meesho, an online deals stage for miniature, little, and medium organizations in India, plans to utilize the assets to grow its ability pool in all spaces, including innovation, item, and business.


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Subsequent to raising $100 million (around 724 crores) in a Series C round drove by existing financial backer Tiger Global, Infra.Market, a B2B startup obliging the development and framework area, has joined the desired unicorn club. Infra.Market helps private companies, for example, paint and concrete makers, in improving the nature of their items and consenting to different guidelines.


Cred, which was established under three years prior, is an organization that works with monetary foundations and buyer brands to compensate clients for taking care of their Visa bills on schedule. Cred, a monetary innovation organization, has finished a $2.2 billion gathering pledges round, making it one more unicorn to rise out of India’s thriving startup scene. Existing financial backers are DST Global, Tiger Global, and Greenoaks Capital.

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Programming interface Holdings, the parent organization of PharmEasy, has brought $350 million up in new financing from Prosus Ventures and TPG Growth. Temasek, CDPQ, LGT Lightrock, Eight Roads, and Think Investments were among the current financial backers who participated in the round. The round would likewise incorporate optional exchanges, as indicated by an ET report.


Groww, a venture application, has become the most recent Indian fintech unicorn, having brought $83 million up in a Series D round drove by Tiger Global. Groww, which has been around for under five years, cases to have in excess of 15 million enlisted clients for its administration, which permits Indians to put resources into stocks, shared assets, ETFs, IPOs, and gold free of charge through its site, Android, and iOS applications.

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