India's 10 Most Valuable Fintech Unicorns

Oct 4, 2023

By: NewsPoint

PhonePe (Valuation: $12 Billion)

PhonePe, founded in 2015 by Burzin Engineer, Rahul Chari, and Sameer Nigam, is a versatile fintech platform. It offers services like bank transfers, UPI payments, mobile recharges, bill payments, and has also ventured into digital insurance and other financial products.

Image Source: PhonePe

Razorpay (Valuation: $7.5 Billion)

Founded in 2014 by Harshil Mathur and Shashank Kumar, Razorpay is a Bengaluru-based B2B fintech startup. Initially a payment gateway provider, it now offers a wide range of services including SME payroll management, banking, lending, and payments.

Image Source: TNN

CRED (Valuation: $6.4 Billion)

Founded in 2018 by Kunal Shah, CRED serves elite credit card users, rewarding bill payments with exclusive perks. Accessible by invitation only, the platform accepts individuals with high credit scores. Recently, CRED ventured into P2P lending, offering users up to 9% interest.

Image Source: CRED

Paytm (Valuation: $5.52 Billion)

Founded in 2010 by Vijay Shekhar Sharma, Paytm is a Delhi-based fintech unicorn. It provides a wide array of financial services, including payment solutions, bank transfers, mobile recharges, bill payments, travel bookings, and more.

Image Source: Paytm

Pine Labs (Valuation: $5 Billion)

Pine Labs, a fintech startup, was established in 1998 by Lokvir Kapoor, Tarun Upadhyay, and Rajul Garg. It facilitates digital retail transactions, both online and offline, through its PoS devices like card swiping machines and billing desks.

Image Source: Pine-Labs

Digit (Valuation: $4 Billion)

Digit Insurance, a pioneering Indian insurtech startup, places its primary focus on the digital landscape for selling insurance policies, offering a seamless and convenient experience to customers.

Image Source: Go-Digit

Zerodha (Valuation: $3.6 Billion)

Zerodha, a reputable online discount stockbroker in India, is fully compliant with SEBI & CSDL regulations. It provides a range of investment options like IPOs, Gift Stocks, mutual funds, sovereign gold bonds, making it a legitimate platform for retail investors.

Image Source: Zerodha

Chargebee (Valuation: $3.5 Billion)

Established in 2011 by Krish Subramanian, Rajaraman Santhanam, Saravanan KP, and Thiyagarajan T, Chargebee is a SaaS company. It offers a revenue management platform for automating revenue operations, focusing on recurring billing and subscription management.

Image Source: Chargebee

Upstox (Valuation: $3.4 Billion)

Upstox, a newcomer in Indian FinTech, provides a free 3-in-1 account, zero fees for equity delivery and account opening, and affordable per-trade costs. It simplifies IPO applications and mutual fund investments and has earned unicorn status in the FinTech sector.

Image Source: Upstox

Policybazaar (Valuation: $3.37 Billion)

Established in 2008 by Yashish Dahiya, Avaneesh Nirjar, and Alok Bansal, Policybazaar is an aggregator for various insurance types like life, auto, and health insurance. It offers policies from multiple providers, simplifying insurance choices.

Image Source: Policybazaar

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