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The 9 Unicorns Founded in Mumbai [Updated 2023]

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There’s no doubt that the startup scene in Mumbai is unique.

The city has created dozens of successful startups, over the years. Some of them are already worth billions of dollars.

So whether you’re looking to start your own business, or just interested in learning about unicorns, here’s the complete list of 9 unicorn companies in Mumbai.

The 9 Unicorns in Mumbai

Accelerators & Incubators List
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2,658 Accelerators & Incubators

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Complete Unicorns List
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1,016 Unicorns

Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.

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Complete Unicorns List
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1,016 Unicorns

Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.

Get the Sheet for $50

1) Dream11

Dream11

Dream 11 is India’s leading fantasy sports platform. Play Dream 11 for free & win exciting cash prizes every week.

Details of the startup:

  • Valuation: $8.00B (April 2019)
  • Started in: 2007
  • Founders: Bhavit Sheth, Harsh Jain
  • Industries: Fantasy Sports, Information Technology, Sports
  • Number of employees: 500-1,000
  • Funding: $1,165.08M
  • Funding rounds: 9
  • Number of investors: 14

You can find their website here.

2) National Stock Exchange of India

National Stock Exchange of India

National Stock Exchange (NSE) is India’s premier stock exchange. NSE offers a wide variety of equity, derivative products and commodity futures across the country.

Details of the startup:

  • Valuation: $6.50B (July 2020)
  • Started in: 1992
  • Founders: Mukesh Agarwal
  • Industries: Financial Services, FinTech, Stock Exchanges
  • Number of employees: 250-500
  • Funding: $149.50M
  • Funding rounds: 6
  • Number of investors: 11

You can find their website here.

3) Upstox

Upstox

Upstox is a fin-tech company to allow innovative investment options for its users.

Details of the startup:

  • Valuation: $3.40B (November 2021)
  • Started in: 2010
  • Founders: Raghu Kumar, Ravi Kumar, Shrinivas Viswanath
  • Industries: Financial Services, FinTech, Trading Platform
  • Number of employees: 100-250
  • Funding: $54.00M
  • Funding rounds: 2
  • Number of investors: 3

You can find their website here.

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4) Eruditus Executive Education

Eruditus Executive Education

Eruditus provides global access to executive education programs.

Details of the startup:

  • Valuation: $3.20B (August 2021)
  • Started in: 2010
  • Founders: Ashwin Damera, Chaitanya Kalipatnapu
  • Industries: Continuing Education, EdTech, Education, Skill Assessment
  • Number of employees: 500-1,000
  • Funding: $593.46M
  • Funding rounds: 7
  • Number of investors: 13

You can find their website here.

5) Games24x7

Games24x7

Gaming for Real Money, Daily Fantasy Sports, and Casual Gaming.

Details of the startup:

  • Valuation: $2.50B (March 2022)
  • Started in: 2006
  • Founders: Bhavin Pandya, Trivikraman Thampy
  • Industries: Fantasy Sports, Gaming, Online Games, PC Games
  • Number of employees: 501-1000
  • Funding: $75.00M
  • Funding rounds: 2
  • Number of investors: 4

You can find their website here.

6) UpGrad

UpGrad

UpGrad is an online higher education platform providing various programs.

Details of the startup:

  • Valuation: $2.25B (August 2021)
  • Started in: 2015
  • Founders: Mayank Kumar, Phalgun Kompalli, Ravijot Chugh, Ronnie Screwvala
  • Industries: E-Learning, EdTech, Education
  • Number of employees: 1,000-5,000
  • Funding: $361.23M
  • Funding rounds: 4
  • Number of investors: 5

You can find their website here.

7) MyGlamm

MyGlamm

MyGlamm is a direct-to-consumer beauty brand that offers a marketplace for stylists, beauticians, nail, and spa aestheticians.

Details of the startup:

  • Valuation: $1.20B (November 2021)
  • Started in: 2015
  • Founders: Darpan Sanghvi, Priyanka Gill
  • Industries: Beauty, Cosmetics, Marketplace, Mobile Apps
  • Number of employees: 250-500
  • Funding: $283.88M
  • Funding rounds: 12
  • Number of investors: 19

You can find their website here.

8) Purplle

Purplle

Purplle is an online cosmetics, perfume, skin, and hair care retailer.

Details of the startup:

  • Valuation: $1.10B (June 2022)
  • Started in: 2012
  • Founders: Manish Taneja, Rahul Dash
  • Industries: Beauty, Cosmetics, E-Commerce, Retail, Shopping
  • Number of employees: 101-250
  • Funding: $296.32M
  • Funding rounds: 14
  • Number of investors: 19

You can find their website here.

9) Fractal Analytics

Fractal Analytics

Fractal Analytics offers AI, engineering, and design services to help Fortune 500® companies.

Details of the startup:

  • Valuation: $1.00B (January 2022)
  • Started in: 2000
  • Founders: Pranay Agrawal, Srikanth Velamakanni
  • Industries: Analytics, Artificial Intelligence, Big Data, Business Intelligence, Consulting
  • Number of employees: 1,000-5,000
  • Funding: $688.00M
  • Funding rounds: 5
  • Number of investors: 5

You can find their website here.

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