Zepto, Dunzo among the next 122 unicorns from India — here’s the complete Hurun list

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  • India will be home to 122 new unicorns in the next two four years.
  • These unicorns would belong to 25 cities spread across India.
  • India has 82 unicorns at the moment, as per Hurun Research Institute.

Even as the Indian startup ecosystem is in the throes of a funding winter, the latest report by Hurun Research Institute forecasts that the country will be home to 122 new unicorns in the next two-four years. These unicorns would belong to 25 cities spread across India.

A unicorn is a startup valued at over a billion dollars in valuation. India has 82 unicorns at the moment, as per the ASK Private Wealth Hurun India Future Unicorn Index 2022, released on June 29.

Even though India has added 103 unicorns to date, some of them have also exited the list due to a fall in valuation. Blinkit (formerly known as Grofers), Paytm MallShopclues, and Snapdeal are just some of the startups that have lost their unicorn status.

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The next unicorns in making are logistics software company Shiprocket, quick commerce startup Zepto and Dunzo, edtech startup Turtlemint, electric vehicles (EV) brand Ather Energy, and fintech company Vivriti Capital. They are expected to enter the unicorn club in the next two years.

The first 51 startups mentioned on the list are the ones that are likely to enter the unicorn club in the next two years, while the remaining are expected to hit the milestone in a four-year period.

S. No Company Founded In Sector
1 Shiprocket 2017 LogisticsTech
2 Zepto 2021 Quick Commerce
3 Turtlemint 2015 e-commerce
4 Ather Energy 2013 Electric Vehicle
5 Vivriti Capital 2017 FinTech
6 ninjacart 2015 AgriTech
7 Dunzo 2015 Quick Commerce
8 Rapido 2015 Shared Economy
9 ClearTax 2011 FinTech
10 Twin Health 2018 HealthTech
11 OneCard 2019 FinTech
12 Jupiter 2019 Neo Bank
13 Scaler 2019 EdTech
14 GreyOrange 2011 Artificial Intelligence
15 Medikabazaar 2014 e-commerce
16 Square Yards 2013 e-commerce
17 Smartworks 2016 Shared Economy
18 MoEngage 2014 SaaS
19 StashFin 2016 Neo Bank
20 InCred 2016 FinTech
21 Navi Technologies 2018 FinTech
22 IndMoney 2018 FinTech
23 Rupeek 2015 FinTech
24 Money View 2014 FinTech
25 Ecom Express 2012 Logistics
26 Khatabook 2018 FinTech
27 Stanza Living 2017 Shared Economy
28 Whatfix 2014 SaaS
29 La Renon 2007 BioTech
30 bizongo 2015 e-commerce
31 M2P Fintech 2014 FinTech
32 Classplus 2018 EdTech
33 Progcap 2017 FinTech
34 Country Delight 2015 AgriTech
35 Gaana 2011 Media & Entertainment
36 Inshorts 2013 Media & Entertainment
37 Bounce 2014 Shared Economy
38 Zupee 2018 Gaming
39 Qure AI 2015 Artificial Intelligence
40 Healthifyme 2012 Fitness
41 HomeLane 2014 Consumer Goods
42 Teachmint 2020 EdTech
43 DeHaat 2012 AgriTech
44 Porter 2014 Logistics
45 BrightChamps 2020 EdTech
46 Captain Fresh 2019 LogisticsTech
47 Atlan 2018 SaaS
48 kissht 2015 FinTech
49 Northern Arc 2008 FinTech
50 SaaS Labs 2016 SaaS
51 hubilo 2020 SaaS
52 Pepperfry 2011 e-commerce
53 Juspay 2012 FinTech
54 Mswipe Technologies 2011 FinTech
55 Pixis 2018 Artificial Intelligence
56 SUGAR Cosmetics 2012 Consumer Goods
57 WayCool 2015 AgriTech
58 ZestMoney 2015 FinTech
59 Bluestone 2011 e-commerce
60 Cuemath 2013 EdTech
61 WinZo 2018 Gaming
62 Absolute Foods 2016 AgriTech
63 Curefoods 2020 Cloud Kitchen
64 FarEye 2013 LogisticsTech
65 Ixigo 2006 e-commerce
66 Pocket FM 2018 Media & Entertainment
67 freshtohome 2015 e-commerce
68 CleverTap 2013 SaaS
69 Wakefit 2016 Consumer Goods
70 Chalo 2014 Transportation
71 Capital Float 2013 FinTech
72 Uni Cards 2020 FinTech
73 GoMechanic 2016 e-commerce
74 CityMall 2019 e-commerce
75 Fi 2019 Neo Bank
76 Practo 2008 HealthTech
77 Bira 91 2015 Food & Beverages
78 boAt 2016 Consumer Goods
79 Quizizz 2015 EdTech
80 Locus 2015 Artificial Intelligence
81 Wow! momo 2008 Restaurant
82 Fashinza 2020 Manufacturing as a service
83 Bankbazaar.com 2008 e-commerce
84 OkCredit 2017 FinTech
85 Pratilipi 2015 Media & Entertainment
86 iD Fresh Food 2005 Food & Beverages
89 Chaayos 2012 Restaurant
90 Lendingkart 2014 FinTech
91 MedGenome 2013 HealthTech
92 Shadowfax 2015 Logistics
93 Capillary Technologies 2008 SaaS
94 SirionLabs 2012 SaaS
95 plum 2013 Consumer Goods
96 Toothsi 2018 HealthTech
97 Cashify 2013 e-commerce
98 AgroStar 2013 AgriTech
99 Avataar 2016 RetailTech
100 MoneyTap 2015 FinTech
101 Aye Finance 2014 FinTech
102 Coverfox Insurance 2013 e-commerce
103 CareStack 2015 SaaS
104 Zolve 2020 FinTech
105 Smallcase 2015 FinTech
106 Ezetap 2011 FinTech
107 WOW Skin Science 2016 Consumer Goods
108 Ultraviolette 2014 Electric Vehicle
109 jar 2021 FinTech
110 Furlenco 2012 e-commerce
111 jiffy.ai 2012 Artificial Intelligence
112 LambdaTest 2017 Cloud
113 Refyne 2020 FinTech
114 Servify 2015 Consumer Services
115 Carbon Clean Solutions 2009 CleanTech
116 Jai Kisan 2017 Neo Bank
117 Pixxel 2019 Aerospace
118 Exotel 2011 SaaS
119 Koo 2020 Social Media
120 EarlySalary 2015 FinTech
121 K12 Techno Services 2010 EdTech
122 LocoNav 2016 SaaS
123 Acceldata 2018 Artificial Intelligence
124 Yellow.ai 2016 Artificial Intelligence

Source: Hurun Research Institute. ASK Private Wealth Hurun India Future Unicorn Index 2022

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