Have you ever wondered which startups could soon hit the $1 billion mark? Enter the world of soonicorns, the rising stars of the startup world that are growing at lightning speed and could soon join the exclusive club of unicorns.

So, What Exactly Is a Soonicorn?

A soonicorn is a startup that's quickly scaling up and has the potential to achieve a $1 billion valuation in the near future. These companies are on the verge of greatness but haven't quite reached that coveted unicorn status just yet.

How Is a Soonicorn Different from a Unicorn?

While unicorns have already crossed the $1 billion valuation threshold, soonicorns are startups that have surpassed the $300 million mark but haven't hit the $1 billion milestone. These startups are like unicorns in the making, just waiting for the right spark to take off. India currently boasts 106 soonicorns, each one brimming with potential.

The Rise of Soonicorns in India

India is seeing an exciting boom in soonicorns. According to Inc42, fintech leads the charge with 35 soonicorns, highlighting the massive transformation happening in how Indians borrow, invest, transact, and insure. Ecommerce follows closely behind with 16 soonicorns, while enterprise tech rounds out the top three with 11 soonicorns.

From BookMyShow, the iconic Mumbai-based event and ticketing platform founded in 1999, to publicly listed players like Fino Payments Bank and Infibeam, the list of soonicorns is diverse and dynamic. These companies are reshaping industries, changing the game, and showing the world just how fast they can rise.