Private Capital
India's next billion dollar Startups 2021
14 May 2021

The Indian startup ecosystem has grown by leaps and bounds in the last four years with nearly 45 unicorns as of May 20, 2021. 

While sectors like E-Commerce have become mature and seen a lot of growth, industries like FinTech, SaaS, EdTech, and HealthTech have been in prominence recently.

With India’s Startup ecosystem brimming with one Unicorn a-day energy, our team has been closely tracking the developments to come up with the soon-to-be Unicorns a.k.a Soonicorns across the technology sector in India. Soonicorn are startups that are closer to reach a valuation of US$ 1 billion. 

The second edition of India’s Soonicorns list prepared by PGA Labs has shortlisted 35 Startups from sectors including FinTech, HealthTech, SaaS, online logistics, digital gaming, E-Grocery, and FoodTech.

Let's have a look at the 35 next billion-dollar startups.

S.NoCompanyFunding (US$ M)CityFounded yearCompany stageVertical
11mg158Gurgaon2015Series DHealthTech
2Acko209Mumbai2016Series DFinTech
3AGS Transact Technologies82.9Mumbai2002Series CFinTech
4BankBazaar117Chennai2008Series DFinTech
5BharatPe247Bangalore2018Series DFinTech
6BrowserStack50Mumbai2011Series ASaaS
7Capital Float154Bangalore2013Series CFinTech
8cure.fit399Bangalore2016Series DHealthTech
9Dunzo160Bangalore2014Series EOnline logistics
10Ecom Express237Delhi2012Series COnline logistics
11Eruditus161Mumbai2010Series DEdTech
12Fresh to home169Bangalore2012Series CE-Grocery
13GreyOrange200Gurgaon2011Series CSaaS
14Grofers548Gurgaon2013Series FE-Grocery
15Indegene220Bangalore1998Funding RaisedHealthTech
16Khata Book87Bangalore2018Series BFinTech
17Krazybee94.8Bangalore2015Series CFinTech
18Lendingkart231Ahmedabad2014Series DFinTech
19Licious94.5Bangalore2015Series EE-Grocery
20MobiKwik215Gurgaon2009Series EFinTech
21MPL236Bangalore2018Series DDigital gaming
22Mswipe105Mumbai2011Series EFinTech
23Navi402Bangalore2018Series CFinTech
24Ninjacart204Bangalore2015Series CE-Grocery
25OfBusiness90.2Gurgaon2015Series DFinTech
26Open36.3Bangalore2017Series EFinTech
27Practo232Bangalore2008Series DHealthTech
28Rebel Foods295Mumbai2011Series EFoodTech
29RummyCircle (Games24x7)5Mumbai2006Series ADigital gaming
30Rupeek76.6Bangalore2015Series CFinTech
31Shadowfax101Bangalore2015Series DOnline logistics
32Varsity61.6Hyderabad2011Series BEdTech
33Vedantu206Bangalore2011Series DEdTech
34Vivriti Capital107Chennai2017Series BFinTech
35XpressBees176Pune2015Series EOnline logistics

Please note: The Soonicorns list contains startups above US$ 200 million valuations. 
The list was last updated in April 2021.

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