India retains third place globally for having the most unicorn startups or private companies valued over $1 billion. Experts predict India minting at least 15-20 more elusive unicorns by the end of 2024 as maturing startups scale rapidly to hit the coveted $1 billion valuations milestone.

I showcase India’s most promising soonicorns gearing to join the 100+ Indian unicorns club next. These rising stars span diverse sectors from fintech, e-commerce, logistics and software as a service starring bright as contenders to become India’s next big tech success.

Unicorn Startups———-

1 – BluSmart (Electric Mobility Service)

BluSmart Unicorn Startups electrifies India’s ride-sharing niche through an all-electric fleet of stylish EV cabs for sustainable urban transport. Its seamless app-based booking and charging infrastructure entices passengers and drivers toward emission-free journeys, solving range anxiety and increasing EV adoption.

Backed by investors like BP Ventures, BluSmart plans rapid expansion into 10 Indian metro cities by mid-2024. Innovative leasing model helps cabbies transition to premium EVs with fixed weekly rental inclusive of insurance, maintenance and charging for asset-light operations.

Projecting 10X user growth and strategic B2B corporate deals on the horizon, electric mobility frontrunner BluSmart seems poised to zoom past $1 billion valuation shortly.

2 – CityMall (Q-Commerce Startup)

CityMall Unicorn Startups modernizes last-mile retail logistics as a leading quick commerce (q-commerce) marketplace rapidly fulfilling consumer goods delivery under 20 minutes from neighbourhood store partners.

Their mini-warehouses housing popular inventory allow real-time order processing from nearby retail hosts through CityMall’s tech-integrated platform minimizing lead times and maximizing selection.

CityMall’s asset-light hyperlocal strategy taps into the national retail infrastructure while boosting ease for shoppers. Multiple funding rounds through 2023 will likely accelerate multi-city expansion and sustainable unit metrics putting CityMall on the precipice of becoming India’s premier q-commerce unicorn.

3 – Ultrahuman (Fitness & Biometric Analytics)

Unicorn Startups This healthtech wearables startup focuses on fitness metabolic analytics through its advanced ‘Cyborg’ sensor rings gathering robust real-time biometric data like glucose levels, heart rate variability, SpO2, sleep quality and hydration levels absent in traditional fitness trackers.

Powered by proprietary algorithms and AI, Ultrahuman finger rings offer science-backed personalized health insights, predictive biomarkers and adaptive nutrition recommendations to optimize physical performance, activity, sleep and stress.

With top athlete and celebrity backing matched by their sophisticated sensor technology that unlocks groundbreaking insights into metabolic fitness, Ultrahuman may prove diagnostic tech’s secret weapon catapulting them unicorn-ward.

4 – PlanetSpark (Edtech Startup)

PlanetSpark Unicorn Startups revolutionizes concept-based learning using interactive simulations, AR/VR modules and applied learning tools for deeper STEAM mastery. Their Immersive Labs digital platform features curriculum-aligned 3D virtual environments — from exploring Mars to engineering robots — designed educational gameplay mechanics keep K-12 students happily engaged for 21st century skills mastery.

With plans to expand the immersive learning platform across India through strategic partnerships supplemented by $13 million Series B funding, PlanetSpark seems primed to scale rapidly riding tailwinds of booming EdTech demand from digital native generations.

5 – BluSapphire Cybersecurity

Unicorn Startups This homegrown cybersecurity startup provides proactive threat lifecycle management tools integrating next-gen infrastructure security powered by automation and threat intelligence analytics. Cloud-native “security event center” dashboard offers holistic visibility into entire IT ecosystems allowing BluSapphire’s cyber tools to neutralize threats before data or finance loss.

The AI-driven product portfolio secured over $35 million funding in 2022 to boost R&D and global expansion. BluSapphire’s unique client-centric model offering customizable suites to suit each company’s risk monitoring needs makes this lean SecurityOps expert a standout soonicorn candidate as digital threats run rampant in 2023.

6 – Vahdam Teas (Premium Tea Commerce)

Vahdam Unicorn Startups rode D2C specialty tea popularity to achieve India’s fastest consumer unicorn tag in just 7 years. Their global supply chain cuts small grower intermediaries shipping the world’s freshest sustainably farmed teas directly to consumers in record time. E-commerce fueled meteoric rise, a popular co-branded Starbucks India partnership, experiential offline stores and global warehouse network expansion keep Vahdam steaming ahead as a dominant global D2C tea brand contender despite mounting competition.

7 – 1MG (Online Pharmacy)

1MG consolidates India’s online medicine delivery market as the leading e-pharmacy app allowing cheap convenient prescription, OTC and lab tests medicine delivery in 1 hour from verified metro outlets. Backed by Tata Group, 1MG expects to hit billion dollar valuations through private online pharmacy national dominance and expanding diagnostics vertical with 500+ routine lab tests options introduced recently to rural subscribers lacking access. Strategic mergers with regional rivals should spur projected 4X gross merchandise value (GMV) growth next year.

8 – Bijnis (B2B Marketplace)

Bijnis Unicorn Startups emerges as Bharat’s B2B unicow helping digitize India’s largely unorganized $700 billion business commerce market through its mobile-first transactional platform. Manufacturers showcase inventory on Bijnis virtual catalogs accessed bykiranas, hotels and other mass buyers for transparent product procurement integrated with payment, logistics and lending support nationwide. Focused rural outreach bridges urban-regional divides boosting millions of unincorporated SMBs towards digital buying interactions that tighten supply chain efficiencies at massive scale.

9 – SaaS Labs (HR Tech Solutions Firm)

Unicorn Startups Bootstrapped HR tech provider SaaS Labs delivers cloud-based talent management solutions for optimized hiring, onboarding and performance tracking needs of modern enterprises and SMEs via subscription model cost efficiency. Their comprehensive HR tools suite integrating recruitment marketing, video interview features and automated employee lifecycle workflows continues gaining India’s leading employers as subscribed users.

With hiring activity heating up in 2023, SaaS Labs stands ready to capitalize supporting employers through integrated HR solutions perfectly positioned to scale revenues month over month.

10 – BluForest (Electric Vehicle Rental Startup)

Unicorn Startups India’s pioneering monthly EV subscription rental BluForest offers affordable and convenient zero-emission electric bikes and scooters as ‘mobility-as-a-service’ across Bangalore removing ownership hassles. Combating adoption barriers like high EV costs, range anxiety and charging infrastructure issues that keep price-sensitive commuters wedded to gas vehicles, BluForest envisions catalyzing large-scale Indian EV adoption leveraging its hassle-free rent-to-own model. New funding will spur expansion into Tier 2 cities nudging BluForest valuations into billion dollar territory during 2023.