In this video, we take a look at the Top 10 Indian Unicorns which are profitable.
0:00 Intro
1:56 Zerodha
3:38 Physicswallah
4:38 Infra.market
5:31 OYO
6:52 Razorpay
7:59 BrowserStack
8:57 Mamaearth
10:07 Boat
11:12 Firstcry
12:29 Zoho
Zerodha: Zerodha, founded in 2010 by Nikhil and Nithin Kamath, stands as an inspiring Indian startup. Addressing issues of high fees and transparency in stockbroking, they've achieved remarkable success. Operating profitably without external funding, Zerodha shattered the unsustainable growth myth. With consistent annual growth, the firm, India's top stockbroker with 1 crore clients, posted 2022 revenue of INR 4,964 crore and net profits of INR 2,094 crore.
Physicswallah: Physicswallah, a new ed-tech player, stands out amidst struggling competitors. While giants like BYJU’S and Unacademy face financial issues, Physicswallah achieves remarkable success. With Rs 780 Crores revenue and Rs 108 Crore profit in FY-23, its unique edge lies in low customer acquisition cost. Founder Alakh Pandey's years of free KZitem teaching cultivated a loyal student base, resulting in a profitable and sustainable business since 2020.
Inframarket: Infra Market, established in 2016 by two IIM graduates, addresses India's disorganized construction market. It connects construction material buyers and sellers, offering value-added services like financing. Partnering with SMEs, it supplies materials for projects like Chennai, Delhi, and Mumbai Metro, enhancing efficiency. Despite past controversies, like a tax raid, it achieved a profit of Rs 186 Crore in FY-22.
OYO: Ritesh Agarwal, founder of OYO, became one of the youngest billionaires after Kylie Jenner in 2020. OYO, impactful in India's hospitality, reported its first cash flow positive quarter in FY23. Agarwal's journey from selling SIM cards to addressing India's hotel industry led to OYO's founding in 2013. Operating in 80+ countries, 43,000 properties, and 10 lakh rooms, OYO's FY22 revenue was Rs 4,780 Cr, expected to reach Rs 5,700 Cr in FY23, with a recent cash surplus of Rs 90 Cr.
Razorpay: Razorpay, a leading fintech startup, emerged from the idea of aiding small and medium-sized businesses with online payment challenges. Founded by IIT Roorkee alumni in 2014, it shifted from crowdfunding to become a top online payment gateway provider. Based in Bengaluru, the company serves 8 million merchants, processing $10 billion monthly. FY-22 saw Rs 1,481 Crores revenue and Rs 7.3 Crores net profit.
Browserstack: Mumbai-based SaaS startup Browserstack, founded by IIT Bombay roommates Ritesh Arora and Nakul Aggarwal, emerged from their own frustration with website testing. The platform offers easy cross-browser testing for websites and apps. With 1M+ users from 200K companies like Google, Microsoft, and Facebook, it remained profitable, reporting Rs. 75.3 crore profit in FY2022.
Mamaearth: In 2016, Ghazal and Varun Alagh founded Mamaearth due to their son's Eczema allergy. They aimed to provide toxin-free mother and baby care products in India. Utilizing influencer marketing, they rapidly achieved a 100 Crore revenue milestone in three years, reaching nearly 1000 Crores Rs by FY-22. After initial losses, Mamaearth turned profitable in FY-22 with Rs 19.8 Crores in net profit.
Boat: Boat, a rapidly growing Indian consumer electronics brand founded in 2016 by Aman Gupta and Sameer Mehta, emerged due to the founders' frustration with fragile iPhone cables. Recognizing India's market dominated by unreliable Chinese products, Boat aimed to provide affordable, durable, and stylish electronics for the youth. Often likened to the Zara of electronics, the brand gained traction, becoming a top wearable brand by 2020, with FY-23 revenue at Rs 4000 Crore.
Firstcry: Firstcry, an omnichannel baby-care brand founded by Supam Maheshwari and Amitava Saha, focuses on India's 50,000 Crore Rs baby-products industry, emphasizing a positive early experience for parents and using a "Gift Box" program to engage families. FY-21 revenue stood at Rs 1,740 Crore with a profit of Rs 215 Crore.
Zoho: Zoho, one of India's oldest SaaS startups, began as AdventNet Inc. in 1996. It stands out for being privately owned by founders Sridhar Vembu and Tony Thomas. After relocating to India in 2009, it embraced a 'Made in India, made for the world' approach. Zoho offers a range of web products, notably its Zoho Office Suite, serving 90+ million users globally across various business functions. It also provides services like cloud hosting and IT consulting, with a remarkable FY-2022 profit of 2,748.83 crore Rs.
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