Each startup desires of reaching the highest sometime. For some, the highway to success takes a very long time, however for others, it solely takes some time for them to shoot for the celebrities since their services or products serves a common goal. These 5 startups have been declared as ‘unicorns’ in 2020.
Firstcry, Asia’s hottest child merchandise firm obtained a Sequence E funding from Japan’s Softbank Visions fund this 12 months. They’ve been in a position to elevate $296 million. Now, Firstcry has assured its loyal prospects that it is going to be in a position to present greater than two lakh child services and products beginning this 12 months.
Pine Labs was the primary startup to achieve unicorn standing in January 2020, being backed up by Mastercard. Although the quantity generated by way of income has been undisclosed. It was began in 1998 by Lokvir Kapoor in Noida. Practically $30 billion funds are transacted by way of Pine Labs.
Unacademy is an ed-tech startup that entered the unicorn branding this 12 months, having raised $150 million funding. It was based in 2015 as a YouTube channel and presently has a community of round 18,000 lecturers and greater than 350,000 subscribers. With the newly acquired financial move, they plan on utilizing new assets and getting recent expertise onboard to facilitate their companies.
The preferred e-commerce platform for all magnificence and beauty manufacturers in India, Nykaa E Retail, has seen a flourishing progress all these years. It raised Rs. 66.64 crores in Could itself and is owned by CEO Falguni Nayar. At present, the Mumbai based mostly firm lies at a worth of $1.2 billion. It was launched in 2012 by Nayar, the Former MD of Kotak Mahindra Financial institution.
Razorpay reached a state of abundance because of the coronavirus pandemic, which made individuals depend on safer fee choices than money on supply strategies. The Bengaluru based mostly startup reached ‘unicorn’ standing in October 2020, because it raised $100 million in Sequence D funding and was additionally backed by Sequoia Capital India. Razorpay was launched in 2014 by co-founders Shashank Kumar and Harshil Mathur. It has powered many outstanding companies in India together with BookMyShow, Ola, Zomato, Swiggy, Airtel, and even ICICI Prudential.