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Zepto, Dunzo at the next 122 unicorns from India – here’s the full Hurun list

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  • India will be home to 122 new unicorns over the next two to four years.
  • These unicorns are said to belong to 25 cities across India.
  • India currently has 82 unicorns, according to the Hurun Research Institute.

Even as India’s startup ecosystem is in the throes of a funding winter, a latest report from the Hurun Research Institute predicts the country will be home to 122 new unicorns over the next two to four years. These unicorns are said to belong to 25 cities across India.

A unicorn is a startup worth more than a billion dollars. India currently has 82 unicorns, according to the ASK Private Wealth Hurun India Future Unicorn Index 2022, released on June 29.

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

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

The first 51 startups to make it onto the list are those likely to enter the unicorn club in the next two years, while the rest are expected to reach the milestone within a four-year period.

S. No Company Founded in Sector
1 ship missile 2017 LogisticsTechnology
2 zepto 2021 fast trading
3 turtle coin 2015 E-commerce
4 Ather energy 2013 Electric vehicle
5 Vivirit Capital 2017 FinTech
6 ninja cart 2015 AgriTech
7 Dunzo 2015 fast trading
8 Rapido 2015 Shared economy
9 ClearTax 2011 FinTech
10 twin health 2018 health technology
11 A map 2019 FinTech
12 Jupiter 2019 Neo Bank
13 scaler 2019 EdTech
14 GreyOrange 2011 Artificial intelligence
15 medika bazaar 2014 E-commerce
16 square yards 2013 E-commerce
17 smart works 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 rupee 2015 FinTech
24 Money Display 2014 FinTech
25 Eco Express 2012 Logistics
26 Khatabook 2018 FinTech
27 Stanza Life 2017 Shared economy
28 whatfix 2014 SaaS
29 La Renon 2007 BioTech
30 bizongo 2015 E-commerce
31 M2P Fintech 2014 FinTech
32 class plus 2018 EdTech
33 progcap 2017 FinTech
34 Country Delight 2015 AgriTech
35 goana 2011 Media and entertainment
36 in shorts 2013 Media and 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 teacher 2020 EdTech
43 DeHaat 2012 AgriTech
44 porter 2014 Logistics
45 BrightChamps 2020 EdTech
46 Captain Fresh 2019 LogisticsTechnology
47 atlan 2018 SaaS
48 kissht 2015 FinTech
49 Northern Arc 2008 FinTech
50 SaaS labs 2016 SaaS
51 hubilo 2020 SaaS
52 pepper fry 2011 E-commerce
53 gravy 2012 FinTech
54 Mswipe Technologies 2011 FinTech
55 pixi’s 2018 Artificial intelligence
56 SUGAR Cosmetics 2012 consumer goods
57 FashionCool 2015 AgriTech
58 ZestMoney 2015 FinTech
59 arduino 2011 E-commerce
60 Cuematha 2013 EdTech
61 WinZo 2018 Gaming
62 Absolute food 2016 AgriTech
63 cure foods 2020 Cloud kitchen
64 FarEye 2013 LogisticsTechnology
65 ixigo 2006 E-commerce
66 Pocket FM 2018 Media and entertainment
67 Fresh home 2015 E-commerce
68 CleverTap 2013 SaaS
69 wake fit 2016 consumer goods
70 chalo 2014 transport
71 capital float 2013 FinTech
72 Uni cards 2020 FinTech
73 GoMechanic 2016 E-commerce
74 City shopping center 2019 E-commerce
75 fi 2019 Neo Bank
76 Practice 2008 health technology
77 Bira 91 2015 Food and drink
78 boat 2016 consumer goods
79 quizz 2015 EdTech
80 locus 2015 Artificial intelligence
81 Wow! momo 2008 Restaurant
82 fashionnza 2020 Production as a service
83 bankbazaar.com 2008 E-commerce
84 OkCredit 2017 FinTech
85 Pratilipi 2015 Media and entertainment
86 iD Fresh Food 2005 Food and drink
89 Chaayos 2012 Restaurant
90 Loan card 2014 FinTech
91 MedGenome 2013 health technology
92 shadow fax 2015 Logistics
93 Capillary Technologies 2008 SaaS
94 SirionLabs 2012 SaaS
95 Plum 2013 consumer goods
96 Toothsia 2018 health technology
97 cashify 2013 E-commerce
98 AgroStar 2013 AgriTech
99 Avatar 2016 RetailTechnique
100 MoneyTik 2015 FinTech
101 Aye Finance 2014 FinTech
102 Coverfox Insurance 2013 E-commerce
103 CareStack 2015 SaaS
104 Zolve 2020 FinTech
105 small business 2015 FinTech
106 Ezetap 2011 FinTech
107 WOW Skin Science 2016 consumer goods
108 Ultraviolet 2014 Electric vehicle
109 Can 2021 FinTech
110 furlenco 2012 E-commerce
111 Jiffy.ai 2012 Artificial intelligence
112 LambdaTest 2017 Cloud
113 Refyne 2020 FinTech
114 Servify 2015 Customer service
115 Carbon clean solutions 2009 CleanTech
116 Jai Kisan 2017 Neo Bank
117 Pixel 2019 Aerospace
118 Exotel 2011 SaaS
119 coo 2020 Social media
120 Early salary 2015 FinTech
121 K12 Techno Services 2010 EdTech
122 LocoNav 2016 SaaS
123 Accel data 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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