In 2013, venture capitalist Aileen Lee introduced the term ‘unicorn’ to describe the rarity of startups achieving a valuation of over $1 Bn. A decade later, unicorns in India have become emblematic of the country’s flourishing startup ecosystem.

By May 2022, India celebrated a landmark moment when neobanking startup Open raised $50 Mn, earning the distinction of being the nation’s 100th unicorn. This milestone was the result of an extraordinary funding surge in 2021, during which Indian startups raised $42 Bn across 1,583 deals and minted a record 45 unicorns in a single year.

Since the inception of its first unicorn, InMobi, in 2011, India’s journey has been one of rapid growth and innovation. Government initiatives like Startup India, launched in 2015, have played a vital role in nurturing this ecosystem through favourable policies, funding programmes, tax incentives, and incubation efforts.

However, this meteoric rise has not been without its challenges. After years of high momentum, the startup ecosystem faced a funding winter in 2023, with only two unicorns emerging that year as investor confidence wavered.

The year 2024, however, marked a turning point. India’s startup ecosystem rebounded with six new companies joining the billion-dollar valuation club, bringing the total to 118 unicorns that have collectively raised over $100 Bn in funding.

This resurgence was fuelled by higher capital inflow, with startups securing $8.7 Bn in the first nine months of 2024, a significant 20% increase compared to the same period in 2023. The diversity of unicorns added in 2024 reflected the evolving landscape of Indian tech innovation.

The year also saw the country’s first unicorn in the generative AI sector, Krutrim, led by Bhavish Aggarwal, along with entries from cleantech (Ather Energy) and mobility (Rapido).

While 2024’s unicorn tally was far below the highs of 2021 and 2022, the year provided a much-needed boost of confidence in India’s third-largest startup ecosystem.

The Indian startup ecosystem got its first unicorn of 2025 with Bengaluru-based deeptech startup Netradyne raising $90 Mn in a Series D funding round, achieving a post-money valuation of $1.34 Bn.

After this, Porter and Drools joined the unicorn club. Porter, an on-demand logistics platform, became 2025’s second unicorn after raising $200 Mn in a Series F round led by Kedaara Capital and Wellington Management. Bengaluru-based pet food brand Drools followed, hitting a $1 Bn valuation after a minority investment from Nestlé.

List Of Unicorns In India

As of May 2025, India’s 122 unicorns have collectively raised over $115 Bn and command a combined valuation exceeding $363 Bn. We at Inc42 have been tracking Indian unicorns since 2016. Here is a list of all the startups in India’s unicorn club:

Unicorns In India: Indian Startups That Entered The Unicorn Club In 2025

Drools

Founded in 2010 by Fahim Sultan, Drools began with a simple idea — pets deserve proper nutrition. At the time, pet food in India mostly meant leftovers or generic biscuits, but Drools aimed to change that by offering scientifically developed food for dogs and cats.

Over the years, the startup’s success has gone hand in hand with a shift in how Indians care for their pets. Drools now offers over 650 products, from dry and wet food to treats and supplements, covering every life stage of a pet.

Its operations span several manufacturing units, churning out over 5,000 tonnes of food each month. With 1.6 Mn sq ft of warehousing and 3,400 employees, Drools has built a strong distribution network. Its products are sold in more than 40,000 stores across India and exported to 22 countries.

A big part of Drools’ success comes from its focus on research and quality. The company works with vets and nutritionists to create recipes that are safe, tasty, and transparent in terms of ingredients. Everything is made in-house, ensuring full control over quality.

In 2023, Drools raised $60 Mn from private equity firm L Catterton to scale up its backend and widen its domestic lead. Two years later, in May this year, a strategic investment by Nestlé pushed its valuation to $1 Bn, making it India’s first pet food unicorn. Its brand lineup includes Pure Pet, Meat Up, Canine Creek, and Kitty Yum.

Porter

Founded in 2014 by Uttam Digga and Pranav Goel, Porter is a leading Bengaluru-based logistics startup that focuses on solving inefficiencies in India’s intracity logistics sector.

Inspired by Uber, Porter connects businesses and individuals with mini-trucks, tempos, two-wheelers, and EVs for on-demand goods transportation within cities.

The platform leverages technology to optimise vehicle utilisation, reduce delivery costs, and improve reliability, addressing challenges faced by small business owners such as high costs and unreliable service.

As of now, Porter operates in 22 Indian cities, offers enterprise logistics solutions, packers & movers services, and intercity courier delivery, and has emerged as a unicorn by revolutionising last-mile delivery in India’s $200 Bn logistics market.

In May 2025, Porter raised $200 Mn in a Series F round led by Kedaara Capital and Wellington Management, with participation from Vitruvian Partners. This round included both primary and secondary transactions, valued the company at about $1.2 Bn, and marked Porter’s entry into the unicorn club. Early investors like Peak XV Partners exited, while Kae Capital and Lightrock partially cashed out.

Netradyne

Bengaluru-based Netradyne was founded in 2015 by Avneesh Agrawal and David Julian. It offers AI-powered fleet safety and video telematics solutions. It also sells AI-enabled dashcams that process vehicle data and video to improve driver safety.

The startup claims to have so far analysed 18 Bn driving miles and catered to fleet owners in several countries, including the US, Canada, Mexico, Germany, Australia, and India.

Netradyne currently claims to cater over 3,000 customers globally, including IndianOil Skytanking, GreenLine Mobility, and Writer Safeguard, among others. It has over 4.5 Lakh active subscribers spanning sectors such as online retail, oil and gas, transportation, and utilities. Netradyne has raised over $227 Mn in funding to date.

The logistics AI startup was pinned as the first unicorn of 2025 when it bagged $90 Mn in its Series D funding round, led by existing backer Point72 Private Investments, with additional participation from Qualcomm Ventures and Pavilion Capital.

Unicorns In India: Indian Startups That Have Entered The Unicorn Club So Far In 2024

Moneyview

Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, Moneyview operates a one-stop-shop for personal loans, personal finance management solutions, and credit trackers.

Competing with the likes of FlexiLoans and Fibe, the fintech startup entered the coveted unicorn club after raising INR 38.6 Cr in an equity funding round in September 2024 from Accel India and Nexus Ventures at a $1.2 Bn valuation.

The Bengaluru-based startup reported a 75% increase in the operating revenue to INR 1,012.01 Cr for FY24 from INR 576.75 Cr a year ago. It also posted a marginal rise in the net profit at INR 171.15 Cr in FY24, up 5.2% from INR 162.57 Cr in FY23.

Ather

Founded in 2013 by Tarun Mehta and Swapnil Jain, Ather Energy designs, manufactures and services electric two wheelers.

One of the biggest players in the space, it also operates its own charging infrastructure and is involved in storage, distribution and management of electric power and other ancillary services.

The electric two-wheeler player Ather Energy’s operating revenue declined 1.5% year-on-year (YoY) to INR 1,753.8 Cr in the financial year 2023-24 (FY24), while net loss widened over 22% to INR 1,059.7 Cr.

The IPO-bound original equipment manufacturer (OEM) entered the unicorn club in August 2024 after securing a funding of INR 600 Cr from existing investor National Investment and Infrastructure Fund (NIIF) at a post-money valuation of $1.3 Bn.

Following the Securities and Exchange Board of India’s (SEBI) approval to the electric vehicle (EV) maker’s plans to hit the exchanges, Ather Energy is eyeing to list on Indian bourses at a valuation north of $2.4 Bn in 2025.

Rapido

Founded in 2015 by Rishikesh SR, Pavan Guntupalli, and Aravind Sanka, Rapido is a ride-hailing platform that primarily operates in the bike taxi and auto transportation segments. However, it also launched cab services in some cities in December last year.

Rapido trimmed its losses by more than 45% YoY to INR 370 Cr in FY24, compared to INR 675 Cr in the previous fiscal year. Additionally, its revenues jumped 1.5X to INR 648.1 Cr from INR 443 Cr in FY23.

The ride-hailing juggernaut entered the coveted unicorn club in July 2024 after raising $120 Mn as part of its Series E round from existing investor WestBridge Capital at a post-money valuation of a little over $1 Bn.

RateGain

Founded in 2004 by Bhanu Chopra, RateGain offers SaaS solutions for travel and hospitality businesses. With over 3,200 customers and 700 partners spanning 100 countries, the startup claims to help brands in the space accelerate revenue generation through acquisition, retention, and wallet share expansion.

The travel tech SaaS company’s consolidated profit after tax (PAT) zoomed 74% to INR 52.2 Cr in Q2 FY25 from INR 30 Cr a year ago. Meanwhile, operating revenue rose 18% to INR 277.2 Cr during the quarter under review from INR 234.7 Cr in Q2 FY24.

The listed company’s market capitalisation currently stands at INR 8,253.3 Cr (nearly $953.3 Mn), as of January 2025.

Perfios

Founded in 2008 by VR Govindarajan and Debasish Chakraborty, Perfios operates in the fintech SaaS space. Currently operating in 18 countries, the company claims to be working with over 1,000 financial institutions.

The fintech SaaS startup reported an 819.2% YoY surge in its consolidated net profit, reaching INR 71.7 Cr in FY24, driven by strong top line growth and improved margins. Its revenue from operations also grew 37.1% to INR 557.8 Cr in FY24, up from INR 406.8 Cr in FY23.

Perfios was reportedly in discussions to venture into the US market in October 2024, as part of its expansion plan to drive growth.

Perfios joined the unicorn club in 2024, becoming the second unicorn of the year after picking up $80 Mn in funding from the Teachers’ Venture Growth (TVG), the late stage investment arm of the Canadian pension fund Ontario Teachers’ Pension Plan. Including the latest round, the fintech SaaS startup has secured more than $439 Mn in funding.

Krutrim

Founded in April 2023 by Ola Cabs and Ola Electric founder Bhavish Aggarwal, Krutrim is an AI startup, which claims to have built its AI models from scratch, having trained them on 2 Tn tokens and unique datasets. The AI models can understand over 20 Indian languages and generate text in 10 Indian languages, including Bengali, Tamil, Malayalam, Gujarati and Marathi.

Krutrim is a family of LLMs, including Krutrim base and Krutrim Pro. These LLMs will be capable of multimodal output (the ability to generate content across multiple media forms) and many other technical advancements. The company claims that the model accomplishes better performance on multiple well-known, global, LLM evaluation benchmarks, including MMLU, HellaSwag, BBH, PIQA and ARC.

In January 2024, Krutrim became India’s first AI unicorn and Aggarwal’s third unicorn with a $50 Mn funding round led by a clutch of investors, including Matrix Partners India.

Unicorns In India: Indian Startups That Entered The Unicorn Club In 2023

InCred

Founded in 2016 by Bhupinder Singh, InCred Group operates in the BFSI sector through three separate entities – lending vertical InCred Finance, wealth and asset management company InCred Capital, and InCred Money which deals in retail bonds and alternative investments.

InCred’s net profit quadrupled to INR 120.9 Cr in FY23 from INR 30.8 Cr reported in the previous fiscal. Further, the unicorn reported an over 77% jump in its operating revenue to INR 864.6 Cr from INR 488 Cr in FY22.

The fintech player partnered with Ola Financial Services in September 2024 to offer personal loans of up to INR 10 Lakh directly through the Ola app.

Furthermore, InCred has initiated its public listing plans and is reportedly looking to raise INR 4,000 Cr (approximately $470 Mn) to INR 5,000 Cr (around $590 Mn) through its IPO in late 2025. Reports suggest it is targeting a valuation between $1.8 Bn and $2.6 Bn.

InCred’s lending arm turned unicorn in December 2023 after raising a $60 Mn (INR 500 Cr) Series D funding round led by Manipal Education and Medical Group’s Ranjan Pai, valuing it at $1.04 Bn.

Zepto

Founded in 2021 by Aadit Palicha and Kaivalya Vohora, Zepto entered the market by capitalising on the rising demand for quick-commerce delivery following the outbreak of the Covid-19 pandemic. The startup first turned heads after it bagged $60 Mn in November 2021 from Glade Brook Capital, Nexus and Y Combinator.

Zepto competes with Swiggy’s Instamart, Zomato’s Blinkit, Flipkart’s Minutes and Tata-owned BigBasket, among various other new entrants in the quick commerce space.

The IPO-bound company saw its consolidated revenue more than double to INR 4,454.52 Cr in FY24, up from INR 2,025.70 Cr in the previous fiscal year. Meanwhile, its net loss narrowed by 2% to INR 1,248.64 Cr from INR 1,271.84 Cr in FY23.

The quick commerce unicorn shifted its domicile back to India from Singapore ahead of its initial public offering (IPO).

The startup joined the unicorn club in August 2023 after raising $200 Mn in its Series E funding round at a $1.4 Bn valuation, becoming the first unicorn of 2023. Including its latest funding of $31 Mn in November 2023, Zepto has raised around $590 Mn across multiple rounds.

Checkout The Indian Unicorn Tracker

Unicorns In India: Indian Startups That Entered The Unicorn Club In 2022

1mg

Founded in 2015 by Prashant Tandon, Gaurav Agarwal and Vikas Chauhan, healthtech startup 1mg offers medicine delivery, B2B distribution of medicines, healthcare products and diagnostics and telemedicine services. 1mg became India’s fifth healthtech unicorn after raising $40 Mn in a round led by Tata Digital.

According to the healthtech unicorn’s website, it delivers to more than 1,800 cities and towns in India, having shipped more than 31 Mn orders since 2015. 1mg was acquired by Tata Digital in 2021.

Post the deal, the startup was renamed Tata 1mg. The unicorn is also a part of Tata Digital’s super app, Tata Neu.

The Bengaluru-based startup’s net loss narrowed 75% to INR 313 Cr in the financial year 2023-24 (FY24) from INR 1,254.8 Cr in the previous fiscal year. Its operating revenue rose 21% to INR 1,967.7 Cr during the year under review from INR 1,627 Cr in FY23.

Shiprocket

Founded in 2017 by Saahil Goel, Vishesh Khurana, Gautam Kapoor and Akshay Gulati, Shiprocket is a Gurugram-based third-party logistics service provider, backed by the likes of Zomato, Temasek and Bertelsmann.

The 3PL player became India’s 106th unicorn in August 2022, when it raised $33.5 Mn in a round led by Lightrock India.

Shiprocket claims to serve the logistics needs of more than 2.5 Lakh sellers across India and ships to more than 70 Mn consumers annually. The company offers logistics services to ecommerce sellers and direct-to-customer (D2C) brands alike, also providing tech-enabled logistics solutions for sellers.

In January 2025, the logistics startup’s board passed a resolution to convert the startup into a public company from a private one as it aims to list in the next fiscal year.

On the financial front, Shiprocket’s revenue jumped 20.8% to INR 1,316 Cr in FY24 from INR 1,089 Cr a year ago. However, net loss zoomed about 75% to INR 595 Cr in the year under review from INR 341 Cr in FY23.

5ire

Founded in 2021 by Pratik Gauri and Prateek Dwivedi and Vilma Mattila, 5ire is a 5th generation Layer-1 (L1) blockchain network. The deeptech startup joined India’s unicorn club in July 2022, after raising $100 Mn in a funding round led by UK-based conglomerate SRAM & MRAM at a valuation of $1.5 Bn.

5ire has its own blockchain, called 5irechain, which is based on sustainability and works on a proof-of-benefit methodology for consensus. 5ire’s blockchain measures and rewards sustainability using a unique mathematical model. Talking with Inc42, Gauri then said that proof-of-benefit gives scores based on the UN’s 17 sustainable development goals (SDGs) and 650 environmental, social and governance (ESG) parameters.

The startup is looking to keep India as its core focus while working with various companies and government agencies across the globe to solve sector-agnostic problems with blockchain.

OneCard

Founded in 2018 by Anurag Sinha, Rupesh Kumar and Vaibhav Hathi, OneCard is a Pune-based fintech startup that offers Visa credit cards. The startup joined the unicorn club, becoming India’s 104th unicorn in July 2022 after it raised $100 Mn in a round led by Temasek. According to Inc42’s calculation, the startup’s valuation reached $1.25 Bn with the latest funding round.

Apart from offering credit cards, OneCard also has its own credit score platform called OneScore, which allows users to check their credit score free of charge.

The company has raised over $111 Mn from investors like Peak XV, QED Holdings and Hummingbird VC, among others.

Peak XV Partners-backed fintech unicorn’s operating revenue zoomed 163% to INR 1,425.58 Cr in FY24 from INR 541.16 Cr a year ago. Meanwhile, OneCard incurred a net loss of INR 401.15 Cr in the year under review, down 1.1% from INR 405.66 Cr in FY23.

OneCard competes with other credit card providers such as slice and Uni Card, among others. The newly-minted unicorn becomes India’s 22nd fintech unicorn.

LeadSquared

Founded in 2011 by Nilesh Patel, Sudhakar Gorti and Prashant Singh, LeadSquared offers CRM, marketing and sales software solutions. The India and US-based startup became India’s 103rd unicorn in June after it raised $153 Mn from WestBridge Capital, taking it to unicorn valuation.

The Bengaluru-based startup offers products to verticals such as edtech, healthcare, BFSI, real estate, automotive and hospitality. The company counts the likes of BYJU’S, Dunzo, Zoomcar and Cars24 among its clientele.

LeadSquared competes with the likes of Zoho, Browserstack, Amagi, and Freshworks in the sales automation space. According to Inc42 data, the enterprise tech startup has raised more than $188 Mn in funding to date.

The WestBridge Capital-backed SaaS startup reported a marginal 0.73% increase in its net loss to INR 162.24 Cr in FY24 from INR 161.06 Cr in the previous year, while its operating revenue rose 9.12% to INR 279.29 Cr during the year under review from INR 255.93 Cr in FY23.

Purplle

Founded in 2012 by Manish Taneja and Rahul Dash, Purplle is a Mumbai-based ecommerce startup focused on beauty-oriented products and appliances. It became India’s 102nd unicorn after it raised $33 Mn in a Series E funding round, from new and existing investors at a valuation of $1.1 Bn. The startup has raised a total of about $400 Mn so far.

Purplle features a range of products from both legacy and new-age beauty companies, having more than 1,000 brands and over 60,000 products listed on its platform. The Mumbai-based startup has also created a house of brands with the likes of FACES CANADA, Good Vibes, Carmesi, Purplle, and NY Bae.

The beauty ecommerce unicorn is backed by investors such as Sharrp Ventures, Abu Dhabi Investment Authority (ADIA), Premji Invest and Blume Ventures, among others.

PhysicsWallah (PW)

Started in 2016 as a physics-focused competition prep YouTube channel by Alakh Pandey and Prateek Maheshwari, PhysicsWallah pivoted to being a full-fledged edtech platform in 2020. The startup became India’s 101st unicorn after raising $100 Mn in a Series A round from Westbridge and GSV Ventures, at a valuation of $1.1 Bn.

The edtech platform focuses on competitive exam prep for NEET and IIT/JEE alone, with multiple course offerings on both its YouTube channel, the website and the mobile app. PW, as it is colloquially known, operates tech-enabled offline and hybrid centres across 105 cities in the country.

Its offerings span various educational segments, including two Gurukulam Schools, test preparation in 43 categories, a skilling vertical, and higher education and study abroad verticals. It also claims to offer free education to over 4.6 Cr students through its 112 YouTube channels in five vernacular languages.

The edtech major turned into a public company after its board approved a resolution to rename it to PhysicsWallah Limited, as it prepares for its IPO in 2025.

OPEN

OPEN, the 100th Indian unicorn, is a neobanking fintech startup founded in 2017 by Anish Achuthan, Ajeesh Achuthan, Mabel Chacko, and Deena Jacob. OPEN offers business banking, payments, and expense management services to small and midsize businesses (SMBs) across the country.

The Bengaluru-based neobanking startup’s operating revenue declined 17% to INR 24.8 Cr in the financial year 2023-24 (FY24) from INR 29.9 Cr in FY23. Its net loss also reduced 30% to INR 170 Cr during the year under review from INR 242.2 Cr a year ago.

The fintech startup counts Temasek, BEENEXT, 3one4 Capital, and Trifecta Capital Advisors among its key investors. It has raised a total funding of $190 Mn to date.

OPEN hit the unicorn status in April 2022, becoming the 100th Indian unicorn, by raising $50 Mn at a valuation of $1 Bn.

Games24x7

Founded by Bhavin Pandya and Trivikraman Thampy in 2006, Games24x7 is a gaming startup which houses popular brands such as RummyCircle, an online card game, and sports fantasy game My11 Circle. The third product from the startup is U Games, a hub for casual games.

Games24x7 became the 99th unicorn of India in March when it raised $75 Mn in a funding round led by Malabar India Fund at a valuation of $2.5 Bn. Its existing investor US-based hedge fund Tiger Global also participated in the funding round.

Games24x7’s My11Circle competes with Dream11, MPL, BalleBaazi, and Nazara’s Halaplay, among others. RummyCircle’s competitors include PlayRummy, JungleeRummy, and Adda52Rummy, among others.

The Mumbai-based gaming startup’s operating revenue surged 1.7X to INR 1,988.10 Cr from INR 1,169.30 Cr in FY22. It also managed to narrow its loss by 29% to INR 199.60 Cr in FY23 from INR 282.40 Cr in FY22.

Oxyzo

Oxyzo, the financial arm of B2B commerce unicorn OfBusiness, was founded in 2016 by OfBusiness founders Asish Mohapatra and Ruchi Kalra. It is a lending platform that provides cash flow and matched working capital financing for buying new materials for SMEs in the manufacturing and contracting sectors.

The startup claims to have disbursed $2.6 Bn across 40K nodes to date and leveraged this data warehouse to build a differentiated tech-enabled supply chain and embedded finance marketplace.

It also claims to have an AUM of $360 Mn and is rated A by ICRA and CARE.

The fintech player’s consolidated net profit surged 47% to INR 290 Cr in FY24 from INR 197.5 Cr in the previous fiscal year. It also reported a 59% jump in its operating revenue to INR 903.3 Cr during the year under review from INR 569.9 Cr in FY23.

It counts the likes of Alpha Wave, Tiger Global, Norwest Venture Partners, Matrix Partners, and Creation Investments among its investors, and has raised only one funding round so far. However, it was the largest Series A funding round in the country. The startup raised $200 Mn in that funding round, turning into a unicorn.

Amagi

Founded in 2008 by Baskar Subramanian, Srinivasan KA, and Srividhya Srinivasan, Amagi offers creation, distribution, and monetisation tools for live, linear, and on-demand channels across cable, OTT, and free ad-supported streaming TV platforms.

The Bengaluru-headquartered cloud-based media Saas technology startup turned unicorn in 2022, after raising $95 Mn in a funding round led by Accel.

In December 2024, Amagi acquired California-based AI-driven SaaS startup Argoid AI for an undisclosed sum to deepen its AI-powered content programming, metadata enrichment and recommendation engine services.

The Media-focussed SaaS company’s consolidated net loss declined 23.72% to INR 245 Cr in FY24 from INR 321.2 Cr in FY23. Meanwhile, Amagi’s operating revenue rose 29.18% to INR 879.1 Cr in FY24 from INR 680.5 Cr in FY23.

CredAvenue

Continuing the momentum from 2021, debt marketplace CredAvenue joined the unicorn club in March 2022. CredAvenue entered the unicorn club with $137 Mn funding from Insight Partners, B Capital, and Dragoneer Investment Group, among others.

At the time of the fundraise, the startup said that it intended to use the funds to expand the business in India along with key global markets, organically and inorganically, by acquiring diverse companies for forward and backward services and products integration.

Founded by Gaurav Kumar in 2017, CredAvenue is a debt platform that connects enterprises with lenders and investors.

Its offerings include CredLoan, CredCoLend, Plutus, CredSCF and CredPool.

It acquired an 82% stake in SaaS startup Corpository through a combination of primary investment and secondary purchase from existing shareholders. In February 2022, the startup also acquired about 75% stake in digital collections startup Spocto.

Hasura

Founded in 2018 by Tanmai Gopal and Rajoshi Ghosh, Hasura provides data access and data flow tools and services via GraphQL APIs, a solution to accelerate product and data delivery. The company’s technology automatically creates real-time GraphQL APIs, granting customers instant access to their data via secure APIs.

Hasura entered the unicorn club in early 2022, after raising $100 Mn led by Greenoaks Capital. The Series C funding round also saw participation from existing investors such as Nexus Venture Partners, Lightspeed Venture Partners, and Vertex Ventures.

Uniphore

Conversational automation startup Uniphore became the eighth unicorn of 2022 after raising a record $400 Mn in funding at a valuation of $2.5 Bn.

Founded by Ravi Saraogi and Umesh Sachdev in 2008, Uniphore is a conversational automation platform that combines conversational AI, workflow automation, and RPA (Robotic Process Automation) in a single integrated platform to transform and democratise customer experience across industries.

The startup is backed by marquee investors like Sorenson Capital Partners, Serena Capital, Cisco Investments, Iron Pillar, and Chiratae Ventures, among others.

The conversational automation company announced the acquisition of two data startups ActionIQ and Infoworks as a part of its effort to expand AI-powered offerings in December 2024. The move was aimed at extending Uniphore’s comprehensive end-to-end enterprise AI platform and deliver the industry’s first zero data AI cloud.

Xpressbees

Logistics startup Xpreesbees was one of the early entrants to the unicorn club this year. The startup, which began its operations under Supam Maheswari’s FirstCry, later spun off to operate independently in 2015. The logistics startup claims to make deliveries to around 20,000 pin codes.

The company provides same day deliveries in about 50 cities and over 1,700 pincodes, while it also offers next day deliveries to more than 8,500 pincodes.

The startup bagged $300 Mn in its Series F round led by Blackstone Growth, TPG Growth, and Chrys Capital to cross the $1 Bn valuation mark.

Livspace

Founded in 2014 by Anuj Srivastava and Ramakant Sharma, Livspace is a curated marketplace that provides an end-to-end home design experience. The startup’s online marketplace also offers software tools that can help designers and homeowners design interiors.

It is present across nine metro cities and claims to have served about 20,000 customers. In India, Livspace competes with Bengaluru-based Homelane and other players in a largely unorganised market for home redesigns, interior design and custom furniture.

The startup hit the unicorn valuation in February 2022, raising $180 Mn in a funding round.

In total, it has raised upwards of $431 Mn through various funding rounds from investors such as Kohlberg Kravis Roberts, Trifecta Capital, and Tahoe Investment Group.

The home renovation and interiors platform is planning to join the long list of Indian startups looking to shift their domicile back to India. It is mulling a public listing in India this year.

ElasticRun

Founded in 2016 by Sandeep Deshmukh, Saurabh Nigam and Shitiz Bansal, ElasticRun’s tech platform acts as an extended arm of FMCG companies’ direct distribution networks in rural areas and enables these businesses to reach small ’Kirana’ stores in the hinterland.

The startup also engages with banks and financial institutions to give them access to underserved SME customers from its Kirana network.

The Pune-based commerce startup entered the unicorn club in February 2022, after it raised $300 Mn in a funding round led by Masayoshi Son’s SoftBank. It also saw the participation of New York-based Goldman Sachs, Prosus Ventures (earlier known as Naspers Ventures), Innoven Capital, and Abu Dhabi’s Chimera Investment, a subsidiary of Abu Dhabi’s Royal Group.

The B2B ecommerce solutions provider reported a 49% decline in its operating revenue, narrowing to INR 2,434.8 Cr in FY24 compared to INR 4,738.0 Cr in the previous fiscal year. Also, it saw a 42% decline in net loss, which stood at INR 359.6 Cr in the year under........

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