In today’s times the finances and news are all about the new innovative start-ups. Over the time by seeing immense success and progress, these start-ups have turned crucial for the growth of the nation. Giving a tough competition to many others, the start-up business in India is glorifying the country’s name throughout the world. The start-ups in India have become so successful that terms like “unicorn company” and “unicorn start-up”,which refer to the private firms having a total value of more than $ 1 billion, can be commonly found in the day to day conversations. Some of these start-ups have found places for themselves in the common regular routines of the common man to an extent that thousands of people today are highly dependent on them for their many requirements. The top 3 unicorn start-ups that have performed outstandingly in the year 2018 are assumed to show impressive performances in the year 2019 too are listed below. Have a look!
1. One97 Communications (which operates as Paytm)
Founded by Vijay Shekhar Sharma in the year 2010, Paytm today has become one of the must successful and popular start-up India with an approximate total value of $10 billion as noted on January 2018. With the year 2018 witnessing the iconic demonetization, this fintech sector company, Paytm which literally means “Payment Through Mobile”, proved to be a blessing as it facilitated cashless digital transactions with the help of a digital wallet. A good digital and mobile commerce platform Paytm can prove to be a wonderful payment solution for the e-commerce merchants.
2. OYO Rooms
Founded by Ritesh Agarwal, a 24 – year – old entrepreneur in the year 2013, OYO Rooms has shown tremendous progress with its total worth being approximated to a whopping $5 billion as noted on September 2018 and is now even counted in India’s top five unicorn start-ups. It is undoubtedly a next generation idea of operating hospitality brand by making the booking of many hotel and guesthouses to the travellers available online and providing them a trusted experience. This idea has therefore been proved very much beneficial for the country’s economy segment too. At present this five – year old start-up has expanded to more than 8, 500 hotels in around 250 cities across countries like India, Malaysia, Nepal, UAE, China and Indonesia.
3. Ola Cabs
Though headquartered in Bengaluru, Karnataka but Ola cabs is one of the first major on-demand taxi service companies which has found itself a place in the list of unicorn companies. This ride-hailing taxi provider company originally started its services in the Indian country but has recently expanded to countries like Australia and UK too. This on demand industry start-up was founded in the year 2010 by Bhavish Aggarwal and Ankit Bhati and as noted one September 2018 the net worth of the company has come to $4. 3 billion. In a minimal time of 8 years the start-up has proved to do wonders.
In today’s times start-ups form both the mission and the vision of a nation. These start-ups on the basis of their past performances are expected to perform grandly this year too. Let’s just wait and watch the story unfold!