Introduction:
As the startup culture and entrepreneurship is evolving with innovating across various sectors by invention of new things, solving the problem in various ways. Reaching the unicorn status means the valuation of the business over $1 billion is the dream for every entrepreneur. But a select few achieve this milestone in record time. Today we are going to see the fastest unicorn startups in india which has reached this milestone in very less period of time.
1. Mensa Brands (6 Months):
Mensa Brand is the fastest unicorn startup in india which has achieved the milestone of $1 billion valuation in only 6 months. This is the digital house of brands acquires and scales established digital -first business. They are focused on oven models has led to explosive growth.
Website: https://mensabrands.com/
2. GlobalBees (7 Months):
GlobalBees is an Indian startup in the e-commerce space, which focuses on the acquiring and elevates leading online lifestyle and fashion brands. They are fuling rapid growth by unlocking the economies of scale for these brands. This is the second fastest unicorn in india.
Website: https://globalbees.com/
3. CredAvenue (Now Yubi) (1.5 Years):
The third fastest unicorn in india is CredAvenue, it has achieved this milestone in only 1.5 years of time. This startup is the fintech platform which connects lenders and borrowers for SME financing. CredAvenue streamlined the process of lending money which making access to capital easier for businesses.
Website: https://www.go-yubi.com/
4. Paytm Mall (1.6 Years):
This startup is no longer operational but Paytm Mall was once the fastest growing eCommerce platform and fastest unicorn startup in India. Their business expansion strategy propelled them to unicorn status quickly in only one and a half year.
Website: http://www.paytmmall.com/
5. Glance (1.8 Years):
Glance is most popular and widely known for the lock screen content platform which personalized the smartphone experience with engaging lock screen content. Glance's innovative and unique approach captured user attention and investor interest in very less period of time. It became unicorn startup in only 1.8 years, which makes it one of the fastest unicorn startup in India.
Website: https://glance.com/
6. OLA Electric (2.1 Years):
OLA, the ride-hailing giant launched its subsidiary OLA electric which focuses on electric vehicle R&D and manufacturing. The demand of EV motors is rising in India and this fueled their Swift rise to unicorn status. Currently, OLA electric has highest market share in EV two wheeler sector.
Website: https://www.olaelectric.com/
7. PharmEasy (2.2 Years):
This startup becomes unicorn in 2.2 years which provides the platform for online pharmacy to deliver medicines and healthcare products across India. PharmEasy focused on the convenience and affordability in pharmaceutical space which makes it more valuable startup in India.
Website: https://pharmeasy.in/
8. Apna (2.4 Years):
Apna is the most popular recruitment platform for blue-collar workforce, Apna provides the platform to connects job seekers with employers. Addressing the market gap, Apna's growth trajectory has been impressive. Apna became the unicorn startup in 2.4 years from its launch their business in the market.
Website: https://apna.co/
9. Spinny (2.9 Years):
Spinny is the platform to sell and buy the used or pre-owned cars in India which provides the transparent and hassle free experience to the customers. Spinny's focus on quality and trust has revolutionized the pre-owned car market in India. This helped Spinny to become the unicorn startup in 2.9 years.
Website: https://www.spinny.com/
10. CRED (3 Years):
CRED is at 10 th position in the list of fastest unicorn in India and this is the most famous platform to pay the credit card bills and other financial services and known for their reward programs. CRED provides the exclusive benefits to the valuable customers and their premium user base with curated experience fueled their rapid growth towards unicorn status.
Website: https://cred.club/
Conclusion:
These startups became unicorns in few months or years and showcase the innovation and dynamism of the Indian startup ecosystem. Their unique and diverse business models cater to the evolving needs of Indian businesses and consumers. As the Indian startup culture is evolving rapidly, we can expect even more exciting ventures to emerge and redefine industries.
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