CarDekho, MobiKwik enter unicorn club

With the addition of CarDekho and Mobikwik, the Indian startup ecosystem now boasts 66 unicorns, half of which were added during 2021.

India has two new unicorns!

Automobile classifieds platform CarDekho raised $250 million, entering the unicorn club with a valuation of $1.2 billion. This is the first unicorn headquartered in Jaipur, Rajasthan. This is also the largest ever fundraise by the company

IPO-bound fintech firm MobiKwik also turned unicorn after a recent secondary ESOP sale round led by former Blackstone India Head Mathew Cyriac.

The Gurugram-based company filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in July.

Through the IPO, Mobikwik plans to offer shares aggregating to Rs 1,900 crore. In fact, the company is eyeing an IPO valuation between $1.5 billion and $1.7 billion, which is expected to hit the market before Diwali.

With the addition of CarDekho and MobiKwik, the Indian startup ecosystem now boasts 66 unicorns, half of which were added during 2021. 

How many more startups do you think will enter the $1-billion club before the year ends?

The Interview

In an engaging fireside chat with YourStory, Esha Tiwary, General Manager of Entrepreneur First India, talks about how the programme helps aspiring entrepreneurs find the right co-founder and scale their ideas from scratch. 

She goes on to talk about EF's pioneered model of talent investing that supports ambitious and talented individuals to maximise their impact and accelerate their entrepreneurial journey. 

Editor’s Pick: 100X Entrepreneur Podcast

Raj Shamani, an entrepreneur, content creator, and motivational speaker, had no plans of taking the entrepreneurial route when he was young. At 16, Raj wanted to become a rapper, but life had other plans in store for him.

In this episode of the 100X Entrepreneur podcast, Raj Shamani talks about how he began his entrepreneurial and content creator journey. Read more.

Startup Spotlight

Helping real estate brands build a digital presence

Mumbai-based Realatte — founded by Rahul Goyal and Rohan Shah — is leveraging technology to become a one-stop digital marketing agency for real estate developers. Among other things, it helps clients design campaigns and track brand objectives. 

Founded in 2017, it is a Google Premier Partner and Facebook marketing badged agency. Read more.

News & Updates

Before you go, stay inspired with… 

“Over the last decade, MobiKwik has grown on the strength of its employees to become a leading fintech player in India.” 

Upasana Taku, Chairperson, Co-founder, and COO, MobiKwik

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