On June 20, the Hurun Research Institute released the ASK Private Wealth Hurun India Future Unicorn Index 2024, ranking Indian startups from the 2000s valued at $200 million or more.
Notably, 30% of these companies doubled their revenue from the previous year. Here's a look at the top 10 future Unicorns in India by revenue growth:
10
Mintifi, a Mumbai-based B2B supply chain financing firm, recorded a 300% growth in revenue in FY2023.
(Image: LinkedIn/Mintifi)
9
CareStack, a cloud-based dental practice management software, achieved a 310% revenue growth.
(Image: CareStack)
8
Ather Energy, an electric vehicle maker, saw its revenue jump by 342%.
(Image: Battery Smart)
7
Scaler, an outcome-focused ed-tech platform, reported a 383% increase in revenue from operations in FY23.
(Image: Scaler)
6
Eeki Foods, an agritech startup, achieved a notable 410% revenue growth.
(Image: LinekdIn/Eeki)
5
Uni Cards, a new-age fintech company, witnessed a 458% increase in revenue in FY2023.
(Image: Uni Cards)
4
Neo Wealth and Asset Management experienced a surge in revenue by 578%.
(Image: Neo Group)
3
Pocket FM, a Bengaluru-based audio entertainment platform, achieved an impressive 670% revenue growth.
(Image: Battery Smart)
2
Battery Smart, a significant player in India's EV ecosystem, saw its revenue surge eightfold in FY2023, marking a 750% year-over-year growth.
(Image: Battery Smart)
1
KukuFM, a Mumbai-based startup, achieved a remarkable tenfold increase in revenue, with a staggering 916% year-over-year growth.