Pune is home to a select group of three unicorn startups, primarily focused on logistics and financial technology. Logistics companies Xpressbees and ElasticRun each carry a valuation of $2 billion.

The city's fintech sector is represented by FPL Technologies, which was founded in 2019.

Below is the full list of 3 Pune unicorn startups at this time.

Top 3 Most Valuable Pune Unicorns

Xpressbees operates a comprehensive logistics network that provides express delivery services for e-commerce and other businesses. They handle the full supply chain, from same-day and next-day domestic delivery to cross-border logistics.

Valuation$2B (Joined February 2022)
Year Founded2015
FoundersAmitava Saha, Supam Maheshwari
Funding Amount$622.3M
Company SizeEnterprise Organization (5,001+)
Last Funding StatusSeries G
Top InvestorsNorwest, Vertex Ventures, Investcorp, New Enterprise Associates, Elevation Capital

ElasticRun built a logistics and distribution platform to help businesses reach customers in traditionally underserved parts of India. Their technology provides access to a vast network of local stores, allowing brands to expand their market presence without building their own supply chains.

Valuation$2B (Joined February 2022)
Year Founded2016
FoundersSandeep Deshmukh, Saurabh Nigam, Shitiz Bansal
Funding Amount$434.8M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries E
Top InvestorsGoldman Sachs, Norwest, Avataar Venture Partners, InnoVen Capital, Prosus Ventures

FPL Technologies builds digital-first financial products, including its flagship mobile-first credit card, OneCard. They also offer the OneScore app, which gives users a free and simple way to check and understand their credit score.

Valuation$1B
Year Founded2019
FoundersAnurag Sinha, Rupesh Kumar, Vibhav Hathi
Funding Amount$265.1M
Company SizeLarge Team (251-1,000)
Last Funding StatusVenture Round
Top InvestorsZ47, QED Investors, Hummingbird Ventures, Peak XV Partners, Sequoia Capital