India’s tech ecosystem continues to thrive with six new startups reaching a valuation of over $1 billion this year. These unicorns follow in the footsteps of companies like InMobi, which achieved this milestone in 2011. Despite fewer additions compared to previous years, the Indian startup scene is still buzzing with innovation and funding.
Here’s a look at the six unicorns and their founders:
- Ather Energy
- Founded by: Tarun Mehta and Swapnil Jain
- Sector: Electric two-wheelers
- Valuation: $1.3 billion (Aug 2024)
- Funding: Raised Rs 600 crore from NIIF
- Krutrim
- Founded by: Bhavish Aggarwal (also founder of Ola)
- Sector: Artificial Intelligence
- Valuation: $1 billion (Jan 2024)
- Funding: $50 million from Z47
- Moneyview
- Founded by: Puneet Agarwal and Sanjay Aggarwal
- Sector: Lending tech
- Valuation: $1 billion (Sep 2024)
- Funding: $4.6 million from Accel India and Nexus Ventures
- Perfios
- Founded by: VR Govindarajan and Debasish Chakraborty
- Sector: Fintech SaaS
- Valuation: $1 billion (2024)
- Funding: $80 million from Teachers’ Venture Growth
- Rapido
- Founded by: Rishikesh SR, Pavan Guntupalli, and Aravind Sanka
- Sector: Ride-hailing
- Valuation: $1 billion (Jul 2024)
- Funding: $120 million from WestBridge Capital
- Porter
- Founded by: Pranav Goel, Uttam Digga, and Vikas Chaudhary
- Sector: Delivery services
- Valuation: $1 billion (May 2024)
- Funding: Internal funding round
These startups have collectively attracted billions in funding and are poised to transform India’s tech landscape further.
