https://www.cheggindia.com/earn-online/unicorn-companies-in-india/
"The emergence of unicorn companies in India is one of the biggest achievements of our country. The journey has been a roller coaster ride for startups and the government. Ten years ago, this was a dream for entrepreneurs. What is a unicorn company? The answer is simple.
The unicorn status is given to a company valued over Rs. 82 crores. So, how many unicorns in India are flourishing today? India has 115 unicorns in total. India has attained the third rank in the world for having a suitable ecosystem for the growth of unicorn companies in India.
The list of unicorns in India continues to rise, especially since the COVID-19 era. The COVID-19 pandemic promoted the digitalization of systems. This digitalization led to mushrooming and profiting of these unicorn companies in India. The unicorns have brought about major changes in all sectors. The unicorn status shows the entrepreneurial life cycle and high growth rate of companies in previous years. The journey began with India’s first unicorn, the Indian Premier League (IPL), followed by InMobi, the first unicorn startup in India. Let’s learn more about the top 10 unicorn companies in India.
Top 10 Unicorn Companies In India
The list of unicorn startups in India is too extensive. However, some unicorns have made it to the top 10 unicorn companies list in India. They have made their special mark through their inspiring journey. Let’s explore the top 10 unicorns of India with growth history, valuation, and founders’ names:
1. Paytm
Paytm is an app that provides commerce, cloud, and financial services. It was launched in 2010 by Vijay Shekhar Sharma, and One97 Communications was its parent company. It is based on the business model of users downloading the app, using UPI to transfer money, or scanning QR codes. Now, it offers features like movie ticket booking, EMI payments, etc. Currently, it is one of the most used digital wallets in the country. In 2017, Paytm became the first payment app in the country to surpass 100 million downloads."