Unicron Property Management

Unicron Property Management – In the past decade, India has seen 84 startups enter the unicorn club till date

It is raining unicorns in India amid an unprecedented funding frenzy for Indian startups across sectors. 42 Indian startups have already entered the unicorn club. More than $38.4 billion has been raised by December 4 this year, with several rounds producing Indian unicorns in 2021.

Unicron Property Management

Unicron Property Management

The unicorn story of 2021 is one of many firsts as the ecosystem witnessed the introduction of the first health tech, social commerce, epharmacy unicorns. The total number of Indian tech startups that have entered the unicorn club till date is 82.

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At this rate, India could have more than 100 unicorns by 2022, which is much earlier than the previous estimate of 2023 as suggested by Plus reports in the past.

Bengaluru-based insurance technology startup Digit Insurance was the first startup to enter India’s unicorn club in 2021. The company had raised $18 million (INR 135 crore) from existing investors A(! Partners, Faering Capital and TVS Capital) in a valuation round in January. $1.9 billion

This was the company’s second round of external financing, the first of which will take place in January 2020. The company had raised $84 million (614 Cr at current conversion rate) as part of this round, which was led by Indian cricketer Virat Kohli and Bollywood actor Anushka. Sharma infused around $340K (INR 2.5 Cr). In total, the company has raised $200 million to date for internal and external infusions.

Digit Insurance is a technology-driven general insurance company founded in 2016 by Kamesh Goyal and Prem Watsa’s Fairfax Holdings. The company offers customized policies on commercial properties such as health, auto, travel, smartphones, shops and vacation homes. It claims to have registered a growth of 31.9% in March 2020 to December 2020, 20 Lakh Indians with a health insurance product that offers protection against Covid-19 and seven vectors including dengue, malaria and others protects against infectious disease.

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The strain on global health due to Covid-19 was overwhelming and shocking with the fear of mass infection. The global death toll would have been much higher if health workers had not made extra efforts to ensure the smooth recovery of the infected. As the world goes into lockdown, healthcare has become paramount as solutions for the sector.

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Innovaccer was one of the shining stars of the Indian startup ecosystem and eventually became the first Indian health tech unicorn. The company, which develops solutions for western markets such as the US, analyzes healthcare data to provide actionable information to healthcare providers, hospitals, insurance companies and other organizations and businesses.

The product is used by several government and private entities to store the medical records of more than 3.8 million patients, saving $400 million for healthcare providers. The startup aims to increase the number of current patient records to 100 Mn+ and reach 500,000 caregivers in the next five years.

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In a year that drove many startups to the brink, health tech companies brought in record levels of funding. Health tech startups raised nearly $15.3 billion in 2020, a 44% increase from $10.6 billion in 2019. Health tech startups in India have raised $455 million across 77 deals.

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India’s social commerce segment may be nascent at this point, but is poised to grow at a compound annual growth rate (CAGR) of 55%-60% to reach $16-20 billion by 2025. One of the segment’s biggest milestones has to be Meesho’s entry into the unicorn club, which will have an overall impact on the segment and its growth rate.

Founded in 2015 by IIT-Delhi alumni Aatrey and Sanjeev Barnwal, Meesho is an online reseller network for individuals and small and medium businesses (SMEs) that sells products on social channels such as WhatsApp, Facebook and Instagram within the network. The platform has around 13 million sole proprietors and brings e-commerce benefits to 45 million customers in India.

The company claims to have 100K registered suppliers across 26K zip codes in 4,800 cities and a revenue of INR 500 million (USD 68 million at current conversion rate) for sole traders. To date, it has raised $415 million in funding from investors including SoftBank, Prosus Ventures, Facebook, Shunwei Capital, Venture Highway and Knollwood Investment.

It competes with other young companies GlowRoad, Dealshare, CityMall and Bulbul, which also have a long list of investors backing them.

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There are very few Indian unicorns that have maintained profitability from the start. Another such startup entered the club this year with its profitability and strong growth – Infra.Market. Founded in 2016 by Aaditya Sharda and Souvik Sengupta, the company is a B2B online procurement marketplace for real estate and construction materials that uses technology to offer fair pricing and a more convenient purchasing experience to its customers.

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The platform aggregates demand and matches it to the supply chain, along with wholesale prices for materials, with affordable credit or financing not always available to small businesses in this sector.

In FY2020, Infra.Market recorded a 5.5x growth in revenue, from INR 63 Cr in FY19 to INR 250 Cr in FY20. It reported a profit of INR 1.74 Cr in FY19 and INR 8.59 Cr in FY20. Infra.Market had earlier claimed to generate 150 Cr monthly revenue by the end of Q1 2021.

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Awaiting market dominance and the unicorn club, API Holdings decided to merge its subsidiary PharmEasy with its competitor Medlife in 2020. After the merger took place in the second half of last year, the company was able to achieve one. one of the goals – to enter the unicorn club. The company raised $323 million in a Series E funding round at a valuation of $1.5 billion. Note that this is the first Indian pharma unicorn.

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PharmEasy was founded in 2015 by Dharmil Sheth and Dr. Founded by Dhaval Shah for the chronic care segment, it offers a range of services such as teleconsultation, drug delivery and sample collection for diagnostic tests. Integrating over 60K brick and mortar pharmacies and 4K doctors across 16K zip codes in India.

The platform also offers a SaaS solution for pharmacies to use in procurement, along with delivery and logistics support and credit solutions. It claims to have served more than 20 million patients since its inception.

The company’s merger with Medlife was a result of increased competition in the segment. Reliance acquired rival Netmeds, Amazon launched its own pharmacy vertical and Flipkart was considering its entry. The only remaining competition was 1mg, which was also negotiating an acquisition deal with the Tata Group. The company hopes to beat the competition to reach 100,000 pharmacies next year.

With only INR 57 Lakh ($76K at current conversion rate) as operating revenue in FY2020, Kunal Shah-led fintech platform CRED has entered the unicorn club at a lofty valuation of $2.2 billion.

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Several big names in the VC ecosystem such as DST Global, RTP Global, Tiger Global, Greenoaks Capital, Dragoneer Investment Group and Sofina have placed their bets on CRED, which targets premium credit card users, offering them rewards and benefits for paying their credit card bills. . In the past two years, CRED claims to have added 5.9 million credit card users with an average credit score of 830.

Last year, the company decided to experiment with e-commerce to increase revenue and capitalize on its user base. It entered e-commerce with the CRED Store, and in December, CRED launched CRED Pay to allow users to redeem CRED reward coins on e-commerce sites and unlock discounts.

The company is in the process of signing e-commerce partners such as BigBasket, Dineout and ixigo. Partnered with Razorpay and Visa to develop features. After a pilot project with over 30 merchants such as Vahdam Teams, The Man Company,   Epigamia and Man Matters, among others, before launching the payment feature.

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India found its second wealth manager in Groww just eight months after Zerodha valued itself at over $1 billion. Like Zerodha, Groww allows users to invest in stocks, mutual funds, ETFs, IPOs and Gold using its existing technology platform through a mobile app and web platform. The company also launched stocks with an easy-to-use interface for do-it-yourself (DIY) investors.

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The five-year-old company was founded by ex-Flipkart employees Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal and has registered over 15 Mn so far. The company claims that over 60% of Groww users are from small towns and cities in India and 60% of them have never invested before.

The company this week raised $83 million in a Series D round led by Tiger Global, becoming India’s fiftieth unicorn. The company raised $30 million in Series C last September. He intends to use this capital to invest in new products, acquire talent and continue to build our financial education platforms.

ShareChat finally found its way into the unicorn club after that

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Halo, Saya adalah penulis artikel dengan judul Unicron Property Management yang dipublish pada September 14, 2022 di website Smallcave

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