Summer of Unicorns: How These 6 Indian Startups Took Flight

April 4th, An unprecedented week in the Indian startup space.

The Indian Market Has Been Taking Strong Turns Since COVID | Photo by rupixen.com on Unsplash

The Covid-19 lockdown has significantly altered economies based on political demographics. It had its fair share of a negative impact in India, but things have taken a turn as the new financial year begins in April 2021.

To those unfamiliar with the term unicorn, a startup is considered a unicorn when its valuation crosses $1 Billion.

6 Indian startups, Meesho on 5th April, CRED on 6th April, PharmEasy on 7th April, and most recently Groww, Sharechat, and Gupshup, have all achieved unicorn status. An unprecedented week in the Indian startup space as the number of unicorns in India rose to 10 in 2021 compared to 11 in 2021, and it’s still April.

Although economies took a hit in 2020, India’s lockdown restrictions still haven’t been eased off completely. Yet, despite these challenges, these companies took flight. Although they offer varying products and services, they all took a similar path to become unicorns. Let’s take a quick look at their journeys.

1. Meesho is an e-commerce platform that facilitates small business and individuals to start their businesses via social media platforms like Facebook, WhatsApp, Telegram, Instagram and more. They…