It’s raining unicorns!

Only four months into 2021, the Indian startup ecosystem has already added eight new companies to the $1 billion valuation club. And on Wednesday, joining the coveted club were healthtech startup PharmEasy and fintech startup Groww.
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While a NASSCOM report had predicted that India will have 50 unicorns in 2021, the ecosystem may just cross that number sooner than that. 

Only four months into 2021, the Indian startup ecosystem has already added eight new companies to the $1 billion valuation club. And on Wednesday, joining the coveted club were healthtech startup PharmEasy and fintech startup Groww

API Holdings, the holding company of online pharmacy startup PharmEasy, reported a valuation of $1.5 billion after raising $350 million in a Series E round led by Prosus Ventures and TPG Growth.

Then, online trading platform Groww raised $83 million in a Series D round led by Tiger Global, Sequoia India, YC Continuity, Ribbit Capital, and Propel Venture Partners, making it the eighth entrant to India's unicorn club in 2021. 

The other six startups that entered the unicorn club this year are Digit Insurance, InnovAccer, Infra.Market, Five Star Business Finance, Meesho, and CRED.


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Infographic: YS Design


News & Updates


Before you go, stay inspired with… 

Mohandas Pai

“If you can create the image of growth, and show investors that you are the next big bet, the market and investors will both reward you. After all, every investor wants to know the next unicorn.”

Mohandas Pai, Chairman of Aarin Capital and Manipal Global Education


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