Paytm was started in 2010 by Vinay Shankar Sharma and it is the most valuable unicorn in India at that time. Paytm Also launched platforms such as Paytm money, Paytm mall and Paytm gaming. It was filed a DRHP for its IPO in Jun 2021. The company have prominent investors like SoftBank, T.RowePrice, Ant Financial, Alibaba group. These investors invested huge funds around $ 4.4 billion dollars into the company over the years. Paytm competes with phone pe, Google pay but it’s maintained its first position as a market leader.
Phone Pe was founded by former Flipkart employees Sameer Nigam and Rahul Chari in 2015. Phone pe offers a number of different bills payments, mobile recharge, shopping payment, and UPI money transfer. It is acquired by Flipkart and boots straps Rs 4000 Crore fund through Flipkart. Phone pe starts the first QR code scanner payment mode partner with Yes bank. Today more than 40 lakh shops and merchants use phone apps in 11 different languages.
Policy Bazaar is India’s largest online insurance aggregator and it was founded in Gurgaon in 2008 by Yashish Dahiya, Alok Bansal and Avinash Nirjar. They know in India where people are less aware of the insurance market, so they decided to start PolicyBazaar. It sells insurance policies without needing policy agents. PolicyBazaar sells around 400000 policies every single month. The company raised almost $776 million dollars from SoftBank, Tencent Holding, Info Edge, Tiger Global, True North, and Chiratae Venture.
Pine Labs was India’s first unicorn Fintech start-up in the 2020 year. It was founded by Rajul Garg and Tarun Upadhyay in 1998. Pine lab took 22 years to become a unicorn. It started as a card-based payment and loyalty program but in 2012 it became a full-stack merchant platform by offering POS payment, loyalty and gifting programs and analytics tools to its customers.
In 2004, the company both founders quit Pine Labs in these difficult times Lokvir Kapoor who had worked with the founding team took over as a CEO and lead Pine Labs.
Pine Labs processes payments worth $ 30 million dollars every single year, it has a 140000 merchant network across 3700 cities in India, South East Asia and the Middle East. The company raised $ 423 million dollars from MasterCard, PayPal venture, Temasek Holding, Actis, Madison India capital.
LENDINGKART was founded by Harshvardhan Lumia and Mukul Sachan in 2014. It provides assured loans to small and medium-sized enterprises in India within 3 days through its online lending platform. LENDINGKART works in tier 2 and tier 3 cities, available with five regional languages apart from English.
As of now, the company distributed loans to over 73000 businesses across more than 1300 cities in India. LENDINGKART successfully raised $ 257 million dollars from Sistema Asia capital, India Quotient, Fullerton holding, Alteria Capital State Bank of India and Bertelsmann India Investment.
CRED is a platform that offers exclusive rewards experience and upgrades to its users for timely payment of their credit card bills. CRED was founded in 2018 by serial entrepreneur Kunal Shah. It was raised $ 471 million dollars capital from large venture capital investors like Sequoia Capital, Rabbit Capital, Tiger Global Management, Green Oaks Capital.
Acko was founded by Varun Dua in 2017. It is a digital platform that offers its customers a number 9f different insurance products including smartphone insurance, vehicle insurance and travel insurance. Acko’s main aim is to provide Indians with insurance products at a low price rate. Over the last 3 years, acko has been a partner with 20 digital Companies like Ola, Zomato, Amazon, Redbus.
It has more than 45 million customers and managed to raise $ 203 million dollars in funds from Excel, Safe Partner, Munich Re Venture, Flipkart Binny Bansal and Amazon.
Capital Float Founded by Gaurav Hinduja and Shashank Rishyasringa in 2013. It has partnered with banks and MV FCS to offer easy access to working capital for small and medium-sized enterprises. India has over 30 million small and medium-sized enterprises, capital Float offers loans to their customers without any collateral security within a 3 days time period. Today the Capital float managed 47000 customers by giving 1 billion dollars loans. It has raised the $ 150 million fund from prominent investors like Safe partner, Amazon, Sequoia capital, Rabbit Capital.
Razorpay was founded by Harshil Mathur and Shashank Kumar in 2014. It is offered payment getaways for small businesses and start-ups and it grew by providing digital payment solutions in order to simplify the digital payment journey. Razorpay manages its customer base from 500 to 14000 within the first year and majorly focuses on Travel, Insurance, Food Tech, Education, etc.
Today Razorpay has 200k customers based all over India and digital partners with Zomato, swiggy, SpiceJet, zoom car, Cur fit, BMW, and Pizza Hut. Razorpay raised $ 366 million dollars from Tiger Global Management, sequoia capital India, Rabbit Capital, GIC, MasterCard.
Zerodha is India’s largest broking services company, was founded in 2010 in Bengaluru by two brothers Nithin and Nikhil Kamath. They haven’t raised a single penny from investors, it completely boots straps by Nitin Kamat. He was a successful trader before his decision to become an entrepreneur. The company has more than 1.5 million clients and manages millions of orders every day. Zerodha is among the big brokers in India and it’s one of the few Indian Fintech Start-up that is actually profitable.