In Mumbai, many creative startups are changing different industries. This list shares the top 10 unicorns in Mumbai, each worth more than $1 billion. These leading companies are changing areas like, fintech, e-commerce, AI, etc, making Mumbai a center of innovation. Learn about the amazing companies that call Mumbai home.
List of Top 10 Unicorns in Mumbai
1. Dream11
An Indian online gaming platform that provides fantasy sports games for cricket, football, basketball, and other sports.
Company Details:
- Country: India
- Valuation: $8B
- Industry: Internet software & services
- Founded Year: 2007
- Total Funding Raised: $1.165B
- Joined Unicorn Club: 4/9/2019
- Key Investors: Kaalari Capital, Tencent Holdings, Steadview Capital
- Total Investors: 15
- Total Funding Deals: 8
- Website: https://www.dream11.com/
2. National Stock Exchange of India
An Indian stock exchange that provides trading and investment services for equities, derivatives, and other financial instruments.
Company Details:
- Country: India
- Valuation: $6.50B
- Industry: Fintech
- Founded Year: 1992
- Total Funding Raised: $149.5M
- Joined Unicorn Club: 7/1/2020
- Key Investors: TA Associates, SoftBank Group, GS Growth
- Total Investors: 7
- Total Funding Deals: 1
- Website: https://www.nseindia.com/
3. Upstox
An Indian online brokerage platform that provides online trading and investment solutions for individuals and businesses.
Company Details:
- Country: India
- Valuation: $3.40B
- Industry: Fintech
- Founded Year: 2010
- Total Funding Raised: $54M
- Joined Unicorn Club: 11/29/2021
- Key Investors: Tiger Global Management, Kalaari Capital
- Total Investors: 4
- Total Funding Deals: 2
- Website: https://upstox.com/
4. Eruditus Executive Education
An Indian online executive education platform that provides online executive education courses for professionals.
Company Details:
- Country: India
- Valuation: $3.20B
- Industry: Edtech
- Founded Year: 2010
- Total Funding Raised: $593.46M
- Joined Unicorn Club: 8/12/2021
- Key Investors: Sequoia Capital India, Softbank, Bertelsmann India Investments
- Total Investors: 13
- Total Funding Deals: 5
- Website: https://www.eruditus.com/
5. Games24x7
An online gaming platform that offers real-money games such as rummy and fantasy sports to users in India.
Company Details:
- Country: India
- Valuation: $2.50 B
- Industry: Internet software & services
- Founded Year: 2006
- Total Funding Raised: –
- Joined Unicorn Club: 3/30/2022
- Key Investors: Tiger Global Management, The Raine Group, Malabar Investments
- Total Investors: –
- Total Funding Deals: –
- Website: https://www.games24x7.com/
6. boAT
Consumer electronics brand, specializing in audio products like headphones, earphones, speakers, and more
Company Details:
- Country: India
- Valuation: $1.40 B
- Industry: Consumer & retail
- Founded Year: 2014
- Total Funding Raised: –
- Joined Unicorn Club: 10/28/2022
- Key Investors: Qualcomm Ventures, Fireside Ventures
- Total Investors: –
- Total Funding Deals: –
- Website: https://www.boat-lifestyle.com/
7. MyGlamm
Online beauty products and services platform
Company Details:
- Country: India
- Valuation: $1.20B
- Industry: E-commerce & direct-to-consumer
- Founded Year: 2015
- Total Funding Raised: $283.88M
- Joined Unicorn Club: 11/10/2021
- Key Investors: L’Occitane, Trifecta Capital, Bessemer Venture Partners
- Total Investors: 18
- Total Funding Deals: 6
- Website: https://myglamm.com/
8. UpGrad
Online education platform offering courses in technology, management, and data science
Company Details:
- Country: India
- Valuation: $1.20B
- Industry: Edtech
- Founded Year: 2015
- Total Funding Raised: $361.23M
- Joined Unicorn Club: 8/9/2021
- Key Investors: Qualcomm Ventures, Accel, Canaan Partners
- Total Investors: 5
- Total Funding Deals: 3
- Website: https://www.upgrad.com/
9. Purplle
Online beauty and personal care products marketplace
Company Details:
- Country: India
- Valuation: $1.10 B
- Industry: E-commerce & direct-to-consumer
- Founded Year: 2011
- Total Funding Raised: –
- Joined Unicorn Club: 6/9/2022
- Key Investors: Blume Ventures, JSW Ventures, IvyCap Ventures
- Total Investors: –
- Total Funding Deals: –
- Website: https://www.purplle.com/
10. Fractal Analytics
Fractal Analytics is a global analytics and AI company that provides solutions to Fortune 500 companies in the finance, insurance, healthcare, and retail sectors. Its solutions include analytics, AI, customer experience, and data engineering.
Company Details:
- Country: India
- Valuation: $1B
- Industry: Data management & analytics
- Founded Year: 2000
- Total Funding Raised: $688M
- Joined Unicorn Club: 1/5/2022
- Key Investors: TPG Capital, Apax Partners, TA Associates
- Total Investors: 6
- Total Funding Deals: 3
- Website: https://fractal.ai/
Conclusion
In conclusion, the top 10 unicorns we’ve explored are just a glimpse into the many success stories that continue to emerge from Mumbai. As these companies reshape industries and set new standards, Mumbai is sure to secure its place as a global leader in innovation and growth.