List of Internationally Successful Startups in India: 3-way Payment Matching in India

Startups in India are getting unprecedented financial support fuelling the growth of unicorns in India. Currently, the number of unicorns in India stands at a staggering 42.

As we mentioned earlier, 42 startups have entered the unicorn club in India.2021 has seen multiple rounds of funding resulting in an increase in the number of unicorns in India, with $38.4 billion raised as of 4 December.2021 has seen a number of firsts in the startup ecosystem, such as the first online pharmacy, social e-commerce, and health tech unicorns.

So far, 82 Indian tech startups have entered the unicorn club. India is expected to have more than 100 unicorns soon.

Indian unicorn startups

Here are some of the best unicorns in India, just for reference!

Digit Insurance

The Bengaluru-based insurtech startup is the first to enter India's unicorn club in 2021.Digit raised Rs 1.35 billion ($18 million) from existing investor A, which includes TVS Capital, Faering Capital and Parterns, and its valuation hit $1.9 billion in January. The company closed its first external funding round in January 2020, which was the second round.

The company raised Rs 6.14 billion ($84 million) in the round with Anushka Sharma and Virat Kohli putting in Rs 25 million. External and internal capital injections have helped Digit raise $200 million so far.Founded in 2016 by Fairfax Holdings and Kamesh Goyal, Digit Insurance is a technology-driven general insurance company. Its services include customised policies for travel, auto, smartphone, health and commercial property.

Innovaccer

The new crown epidemic is raging and putting a huge strain on the global healthcare infrastructure. The global death toll would have been much higher without the extra time and effort put in by healthcare providers to save many lives.Innovaccer is India's first health tech unicorn.Innovaccer is one of the Indian unicorns developing solutions for the US and other western markets. The company analyses healthcare data to provide actionable insights to businesses, organisations, insurers, hospitals and other healthcare providers.

Multiple private organisations and governments use the product to maintain medical records for over 3.8 million patients. It has saved healthcare providers $400 million.

reach a verdict

India is moving at a phenomenal pace when it comes to nurturing unicorn companies. There are many Indian startups that have achieved international success and India seems to show no signs of stopping. The golden age is still ahead and the Indian startup ecosystem is just beginning to flourish. The future is limitless!

Frequently Asked Questions

What is a startup company? A startup is a company in the early stages of operation. One or more entrepreneurs are the founders of a startup, and they aim to develop a product or service for which there is a demand in the market. They usually have limited revenues and high costs. They look for investors who can help the company grow.

Why do investors invest in startups? Investors invest in startups because of their high return potential, which makes them an attractive investment opportunity. The capital requirements are low but the return potential is huge. The report shows that since 1996, overall venture capital returns have been 20%. this is much higher than bonds and stocks.

How can investors add value to startups? Raising capital, management, recruiting talent, marketing, organisational restructuring, M&A activity.

How do you start a startup? You essentially need three elements to start a startup - time, investment and creativity. You need to work on all of these at the same time and find the right connections and support system to grow. You can choose to self-fund or find investors for your startup.

How big is the startup ecosystem in India? The startup ecosystem in India is the third largest in the world. It is expected to maintain a steady growth of 12-151 TP3T per year. In 2018 alone, there were around 50,000 startups in India. Around 2 to 3 startups are born every day in India.