Most Likely Start-ups to Turn into Unicorns This Year: Hurun India

Hurun Report is one of the leading research institutes in the world. Their subsidiary that focuses on India, has released a report stating the most likely start-up companies in the nation that would attain the status of a unicorn in 2 years.

A unicorn refers to any start-up company that has a valuation of $ 1 billion USD.

The report mentions ‘gazelles’ which are likely to become unicorns. Gazelle refers to a start-up company founded this century that is likely to become a unicorn soon.

According to the list, at 10^th, we have Twin Health, a gazelle formed in 2018 which has till date raised $200 million USD. It is a player in the health tech industry.

At 9^th, we have ClearTax, a start-up company founded 11 years ago back in 2011 and it has received around $140 million USD till date. It is yet another player in the fintech world.

Rapido, takes 8^th spot. An app where people can book bikes and autos, it was founded 7 years ago in 2015 and it has raised over $300 million USD till date. It competes with the likes of Ola and Uber.

Dunzo, a well known start-up company is at 7^th. Founded in the same year as Rapido, it has raised a whopping $700 million USD since its inception and it is in the quick economy sector.

Ninjacart, which was also founded in 2015, takes up the 6^th position. It is an agri tech company and it has raised around $375 million USD since its inception.

Starting off the top 5, we have Vivriti Capital, founded 5 years ago in 2017. It has raised just under $200 million USD and its it is another fintech player.

Ather Energy, founded back in 2013 takes the 4^th position. It has raised just under $300 million USD and they produce and sell electric scooters and are building and infrastructure to facilitate its growth.

TurtleMint took the bronze medal at 3^rd place. It is an e-commerce start-up founded in 2015. So far, the company has received $200 million USD as investments since its inception.

Zepto took the silver medal at 3^rd place. Another quick commerce company, its users can order groceries using their app. It was founded in just 2021 and has received funding amounting to $360 million.

At first place, we have Shiprocket. A logistics firm which was founded in 2017. So far, it has raised over $350 million USD in funds.

Many other notable start-ups made the top 50 including Stashfin, Rupeek, Jupiter, and Gaana.