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India’s entrepreneurial ecosystem has grown significantly over the past decade, with a surge in listed companies. In the last three to four years, several notable unicorn startups have D Street And it has transformed the business landscape by creating employment opportunities. Reports suggest that these companies directly employ over 450,000 people, making it one of the largest job-generating industries in the country. In addition, they have also created employment opportunities in secondary sectors such as contract work, content creation, online services, tutoring, and delivery services.
India needs an enabling environment for entrepreneurship that stimulates job creation, encourages innovation and supports expansion to increase youth participation.
Here is a list of publicly listed companies that have recently created job opportunities.
Mama Earth: Mamaearth was founded in 2016 by husband and wife duo Varun and Gazal Alag and went public in November 2023. The company focuses on the beauty and personal care industry. It offers a wide range of products, including shampoos, conditioners, face creams, body lotions, and makeup items. The company has 200-300 employees.
Easy My Trip: EaseMyTrip was founded in 2008 by brothers Nishant Pitti, Rikant Pitti and Prashant Pitti. The company has over 700 employees and offers comprehensive travel services including flights, hotels, buses, trains, taxis, cruises and holiday packages. EaseMyTrip went public in March 2021.
Car Trade: CarTrade.com is an online automotive marketplace for buyers and sellers of new and used cars. With over 1,400 employees, the company’s car auctions are held in 80 cities with over 1,200 participating dealers. The company was founded by Vinay Sanghi, Rajan Mehra and Rajat Mehta and went public in August 2021.
Naukri.com: The company is the flagship brand of parent company Info Edge and is one of the largest online job sites in India. Naukri was founded in 1997 by Sanjeev Bikhchandani and went public in November 2006. The company reportedly has over 2,000 employees.
Nika: Founded by Falguni Nayar in 2012, the company has revolutionized beauty and personal care e-retail in India. Nykaa has over 2,000 employees and has brought over 72 premium brands to the Indian market. Nykaa went public in November 2021.
Paytm: This Indian multinational financial technology company specializes in digital payment systems, e-commerce, and financial services. Founded in 2011 by Vijay Shekhar Sharma, the fintech giant has 15,665 employees. Paytm went public in November 2021.
As of 2024, India is home to over 120 unicorns across sectors. These companies have revolutionized traditional industries, introduced innovative solutions, and attracted significant investments. The Indian government expects a 10-fold increase in the number of unicorns over the next 2-3 years and is focusing on nurturing startups in tier 2 and tier 3 cities. These startup hubs are expected to contribute significantly to the next wave of entrepreneurial success. As India continues to foster innovation and support unicorn ambitions, the transition from startups to public companies will continue to create employment opportunities.
