The entire world today is exploding with (almost) free data connection and internet connectivity. This has definitely worked on the favour of the given 6 companies so much so that they now party in the billion-dollar club –
Paytm Mall, one of those rare companies whose founder could get the right kind of fuel for his company from his inspirations, Alibaba’s founder Jack Ma and Masayoshi Son of Softbank. The company in no time gained recognition, owing to its urge to differentiate itself, with its move to reduce the gap between online and offline availability of goods by delivering more than 50% of the orders in 24 hours from 33% right now.
With claims to be faster than any of its competitor, Swiggy very swiftly overcame all the stumbling blocks in its way. Their ‘Hunger Saviors’, they say had been one of the prominent reasons for their steady growth. Swiggy outwits itself amongst the other food tech businesses by providing services like post-midnight deliveries, planning cum scheduling of the meals, no minimum order value and many more.
The latest Indian startup to get its name in the unicorn club, OYO Rooms, got its last investment of $ 800 Million only from Softbank, but today the startup is much more stronger than India’s top 4 hotel chains combined. With a backing from investors like Softbank Group, Greenoaks Capital, Sequoia Capital, and Lightspeed India, the founder, Ritesh Aggarwal could very well lead his startup to earn valuation of nearly $5 Billion.
The very first food tech business to get its name added in the unicorn list, Zomato, could make it possible by raising $200 Million from Ant Financial Services Group – a subsidiary of Alibaba Group. Zomato very recently came up with Zomato Gold, an initiative to keep its customers close to its mobile application, every time they think of food, be it a dine in or a takeaway. The startup now has a current valuation of $1.1 Billion after having a worthy 2018.
Flipkart has been life changing not only for the Bansal’s but also for its employees, Amod Malviya, Sujeet Kumar, and Vaibhav Gupta. The trio, after serving at flipkart for a couple of years, thought of stating a B2B online market place and today, in 2019, their startup, Udaan, happens to be the fastest unicorn in the country after raising a hefty amount of $225 Billion from investors like DST Global and Lightspeed.
A startup which left no stone unturned to promote itself, BYJU’S has been adverting on television, newspapers, and even on grounds during cricket matches. The fourth most valuable startup in the country, BYJU’S got a mammoth funding of $540 Million at a valuation of $3.6 Billion from investors like General Atlantic, Sequoia Capital, Verlinvest, Sofina, Chan Zuckerberg Initiative and IFC.