Who will be the next to join unicorn club?

Thousands of startups are founded every year in India but very few reach the coveted spot of being a unicorn. Presently, only 11 startups from the country belong to the unicorn club and are valued at over a billion dollars. But there is a decently long list of companies who could soon join the club.

Intelligence and market research platform, Tracxn has prepared a list of 50 ‘soonicorns’- tech startups that are likely to see follow-on funding and have the potential to scale to billion dollar companies.

Tracxn analysts have considered parameters like funding and valuation, and the company’s disclosed growth metrics — such as GMV, seller base, clients and even competitiveness and maturity of the sector.

Fintech: A hot property

Out of the fifty companies shortlisted by the Tracxn, nine are Fintech companies including names like MobiKwik, BankBazaar, Financial Software Systems, Policy Bazaar, FINO PayTech, ItzCash, Pine Labs, Billdesk, and Mswipe.

Nine soonicorn startups are from online retailing segment. After Flipkart, Snapdeal, Paytm and Shopclues, the potential entrants to the billion dollar club could be Pepperfry, Lenskart, FirstCry, BlueStone, Limeroad, GreenDust, Zivame, Urban Ladder and Voonik.

The list also includes five soonicorns from enterprise/SaaS segment- Freshdesk, Capillary Tech, Druva, RateGain, and HackerRank.

Five logistics companies that could soon join the unicorn club include names like BlackBuck, Swiggy, Delhivery, Ecom Express and Rivigo.

Four are also from health tech namely Portea, NetMeds, HealthKart, and Practo.

Delhi-NCR: Home to more soonicorns

The Delhi-NCR region collectively accounts for 18 soonicorns including names like Grofers, Ecom Express, Lenskart, Green Dust, Power2SME etc. Bangalore comes a close second with 16 startups on the list with names like BigBasket, NestAway, Practo and Urban Ladder. Mumbai has eight soonicorns, while Chennai has four. Pune, Jaipur, and Kolkata also earned a spot in the soonicorn club.