Sachin Bansal’s Navi, Tata-backed Curefit, D2C brand Mamaearth in Hurun India Future Unicorn List 2021
- ByAyushi Ray | September 3, 2021
Sachin Bansal’s Navi, Tata-backed Curefit, D2C brand Mamaearth in Hurun India Future Unicorn List 2021. The Hurun Research Institute has released its inaugural ‘Hurun India Future Unicorn List 2021’ to rank startups that are knocking at the doors of a billion-dollar valuation. These are companies valued at over $200 million, not yet listed on a public exchange, and “most likely to go unicorn’ in two years (Gazelles) or four years (Cheetahs). The top 15 startups in the list are Zilingo, MPL, Rebel Foods, Curefit, Spinny, RateGain, Mamaearth, CarDekho, GreyOrange, MobiKwik, Navi Technologies, Licious, Uniphore, Ecom Express, and Vedantu. These startups are ranked according to their latest funding round valuation until August 31, 2021, Hurun India said in a statement. “India’s unicorns are now worth $168 billion, more than the GDP of Telangana at current prices,” the report stated.
Anas Rahman Junaid, MD and Chief Researcher, Hurun India, said, “India is the third largest unicorn ecosystem in the world and the number of Gazelles and Cheetahs is growing at an exponential pace. Preparing the Future Unicorn List 2021 has been one of the most daunting tasks, primarily due to the positive hyperactivity in Indian startup ecosystems. Five startups that we had as Cheetahs at the beginning of our research, jumped straight to unicorn valuations.” India had 51 unicorns at the end of August 2021, trailing only the US (396) and China (277). The country went past the UK (32) after adding 26 unicorns in this year alone. Sequoia is the top investor in these startups, with 37 investments and counting. It is followed by Tiger Global (18), InnoVen Capital (17), Accel (13), and Trifecta (12).
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