Sugar Cosmetics, Zypp Electric, Toothsi: 20 women-led startups set to become unicorns in up to 5 years

There are 20 startups, based by girls, which can be poised to grow to be unicorns sooner or later. In accordance with the ASK Non-public Wealth Hurun India Future Unicorn Index 2024, 20 girls entrepreneurs have co-founded a complete of 5 ‘gazelles’ and 14 ‘cheetahs’, a sign of the rising affect of ladies within the ecosystem. 

In accordance with Hurun, ‘gazelle’ is a start-up based after 2000 and has the potential to grow to be an unicorn in three years. It defines ‘cheetah’ as a start-up based after 2000 and has the potential to grow to be an unicorn within the subsequent 5 years. 

A few of the women-led gazelles and cheetahs embrace Sugar Cosmetics, Finova Capital, Zypp Electrical, Chalo, Toothsi, Heads Up For Tails, Uncommon Rabbit, Bankbazaar.com and extra. 

It mentioned that pet provides and merchandise retailer Heads Up For Tails is the one firm within the index with two girls co-founders. Rashi Narang is the founder and Ridhima Coelho is the co-founder of the corporate. 

Vrushali Prasade, who co-founded Pixis, a codeless AI infrastructure specialising in advertising, is the youngest feminine co-founder within the index at 29 years. In the meantime, Manju Dhawan, co-founder of Ecom Specific is the oldest feminine co-founder within the index at 58 years. 

The ASK Non-public Wealth Hurun India Future Unicorn Index 2024 solely featured startups which have a minimal valuation of $200 million or Rs 1,670 crore. 

“The most recent ASK Non-public Wealth Hurun India Future Unicorn Index report emphasizes the significance of a well-funded startup ecosystem in fostering a thriving financial system. A transformative shift is in progress within the dynamic panorama of India’s startups. It’s the visionary entrepreneurs and forward-thinking traders who’re driving this modification, paving the way in which for a brand new technology of corporations. These rising corporations, fuelled by innovation and resilience, usually are not simply promising to form India’s future but in addition making a big contribution to our nation’s financial trajectory, thereby reinforcing their significance,” mentioned Rajesh Saluja, CEO & MD, ASK Non-public Wealth.

Anas Rahman Junaid, MD and Chief Researcher, Hurun India mentioned, “Amidst a funding winter, inflated pre-2021 valuations, and setbacks from corporations like Byju’s, the as soon as golden startup ecosystem now faces a crucial turning level. Regardless of 44 corporations dropping out of the index over the previous yr, this yr’s index welcomes 38 new entrants.”