India's Newest Business Gems

India's Newest Business Gems | India's Newest Business Unicorns

The year 2018 appears have a place with the unicorns. The streak began with Zomato in February, when the Gurugram-based food based startup raised $200 million from Ant Financial Group. The financing was only a starter to a large number of investments, which launch different other Indian new businesses into the unicorn club.

The funding stood $6.1 billion in 2018 which is a drop of 10% compare to $6.8 billion last year. The Flipkart, Ola and paytm strengthening their play by raising massive rounds from the likes of Tencent, Microsoft, Softbank and Alibaba. Having said that, here is a look at the Indian startups that raised funding this year, at a valuation of more than a billion.

Zomato

Headquarters: Gurugram

Sector: Foodtech

Last funding: $200 million from Ant Financial in February this year

Estimated valuation:  $1.1 billion

Zomato, India's restaurant conveyance and food delivery behemoth, brought $200 million up in the main week of February from Ant Small and Micro Financial Services. Media reports recommended that the financing included $50 million in auxiliary offer deals from investor Info Edge (India) Ltd. In a recording with the Bombay Stock Exchange (BSE), the organization expressed that this dilution took Info Edge's aggregate stake in the organization to around 30.91 percent after the fund raise of money.

Deepinder Goyal, Zomato

Byju’s

Headquarters: Bengaluru

Sector: Edtech

Last funding round:  Undisclosed

Byju's silently entered the unicorn club by crossing the estimated networth of $1billion. It infused funds from China's Tencent and Bennett Coleman and Co Ltd, with this fund raise this is the first edutech company to enter the club.

Byju Raveendran

Paytm Mall

Headquarters: Noida

Sector: Ecommerce

Last funding:  $450 million from SoftBank and Alibaba

Estimated valuation:  $1.6 billion - $2 billion

After much expectation in the market, online retailer Paytm Mall, in the first week of April, reported that it had raised around Rs 2,900 crore from the SoftBank Group Corp., and existing investor Alibaba Group Holding Ltd. The financing was assessed to come in four tranches. Paytm Mall had said the assets were raised to engage offline vendors with better innovation and additionally these fabricate better coordinations and logistics abilities.

Amit Sinha, Paytm

Swiggy

Headquarters: Bengaluru

Sector: Foodtech

Last funding:  $210 million from Naspers and Yuri Milner’s 

Estimated valuation:  $1.3 billion

Food delivery startup Swiggy brought $210 million up in a financing round driven by Naspers and DST Global in June. Meituan-Dianping and new financial investor Coatue Management likewise put resources into this round. This made Swiggy not simply the second Indian foodtech startup to gain the unicorn status, yet additionally the quickest Indian startup to achieve a billion-dollar valuation. The organization accomplished this turning point over a time of only four years. Swiggy is considered to have raised a sum of $465 million since its beginning

Founders of Swiggy

PolicyBazaar 

Headquarters: Gurugram

Sector: Fintech

Last funding: $200 million in equity financing led by SoftBank

In June, PolicyBazaar's parent organization, ETechAces Marketing and Consulting Pvt Ltd, turned into a unicorn when parent organization ETechAces Marketing and Consulting Pvt Ltd raised $200 million. Founder Yashish Dahiya has said that a lion's share of the investments will be utilized to assemble their new telemedicine business, DocPrime, which will likewise go about as a strategically pitching stage to use PolicyBazaar and PaisaBazaar's (the gathering's loaning arm) items. 

Insurance Protection will be cross-utilized as a membership to take care of OPD costs in doctor's facilities while associating people to specialists.

Freshworks

Headquarters: Chennai

Sector: SaaS

Last funding round: $100 million in August 2018 investment led by Sequoia Capital, and Accel Partners, and CapitalG

Estimated valuation:  $1.5 billion

Starting of this month, Chennai-based Freshworks declared that it had raised $100 million from Sequoia Capital, Accel Partners, and CapitalG. This takes the funding aggregate gather pledges of the organization to $250 million. The money mixture will be utilized to additionally extend Freshworks overall worldwide extension and develop its integrated Software-as-a-Service (SaaS) platform.

Girish Mathrubootham, Freshworks

In June, Freshworks had declared that it had crossed $100 million in yearly recurring income, driven by its leading products Freshdesk (Customer support software), Freshservice (IT Service Management Software) and Freshsales (CRM Software).

Some References : www.Yourstory.com

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