For startups, becoming a unicorn is no longer a once-in-a-lifetime event. Almost every day these days, we hear about a startup becoming a unicorn. It’s been a rain of unicorns. Here are some fastest startups to turn unicorn:
- Mensa Brands
After raising $135 million in a new funding round led by Alpha Wave Ventures, Mensa Brands, the brands aggregator and roll-up firm founded by former Myntra CEO and Medlife cofounder Ananth Narayanan, has joined the unicorn club (Falcon Edge Capital).
- Ola Electric
Ola Electric became a unicorn in July 2019 after receiving $250 million in series-B funding from SoftBank. It later received funding from Tiger Global and Matrix India, among others.
Apna became a unicorn on September 15 after raising $100 million in Series C funding led by Tiger Global, for a total valuation of $1.1 billion. Apna’s latest round of funding is the company’s third in less than a year, propelling it into India’s 27th unicorn for 2021.
Cred, a fintech startup, became a unicorn in April 2021 after raising $215 million in a funding round led by new investor Falcon Edge Capital and existing investor Coatue Management LLP at a valuation of $2.2 billion.
Udaan is one of the fastest possible companies to scale to unicorn status, having reached unicorn status in September 2018. It claims to have a user base of over 3 million people. Udaan is present in more than 900 cities. The company connects over 25,000 sellers across the country to its 3 million users.
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