Many people just start businesses, and only the most successful professionals become “unicorns,” or new startups worth over $1 billion. Unicorns are relatively unknown businesses that are going to make significant advances in fields such as apps, universal health care, cars, and other fields. Others, including SpaceX, the aerospace company, and Epic Games, the games developer and publisher, have already established themselves as leading companies. Here are the top 20 biggest startups in the world.
1. Bytedance
ByteDance Ltd., headquartered in Beijing, is a Chinese multinational web technology company established by Zhang Yiming in 2012. ByteDance is the holding company of TikTok, Vigo Video, as well as other popular video-sharing social networking services, such as TikTok, that have over 2 billion downloads on the App Store and Google Play.
2. SpaceX
SpaceX is a privately owned American aerospace and space transport services company that produces rocket engines and propellers. Numerous rocket engines and spacecraft have been created by SpaceX. Space X was the first commercial space agency to send people into space. SpaceX’s main goal is to decrease the expense of space travel and explore space.
3. Stripe
Stripe is an internet-based business online payment platform. Web developers can use Stripe’s API to integrate online payments into their websites and mobile applications. Stripe was founded in San Francisco, California, by Patrick Collison and John Collison in 2009. Stripe’s platform allows other businesses to accept payments over the internet. Stripe competes with Square, Adyen, PayPal, WePay, and others.
4. Klarna
Klarna is a fintech company based in Stockholm, Sweden, that provides digital payment services to enable digital payments such as online storefront payments and other transfers of funds, such as post-purchase transactions. Klarna recently increased its funding to $639 million in financing led by Softbank Vision Fund II as well as other investors, helping to bring its valuation to $46 billion in June 2021.
5. Canva
Canva was founded by Melanie Perkins, Cliff Obrecht, and Cameron Adams in Perth, Australia, and it is now based in Sydney. People can create advertising content, slideshows, social media posts, reports, and other video elements that use Canva apps. Canva also offers a ton of pre-made templates. Canva also provides paid subscribers, such as Canva Pro and Canva for Enterprise, that include a wide range of additional content.
6. Instacart
Instacart is a well-known grocery delivery and pick-up provider in the United States and Canada. Consumers never have to wait long to order food online and purchase it seamlessly and comfortably with the help of a personal assistant thanks to Instacart’s vast network of grocery retailers.
7. Databricks
Databricks is an enterprise company that was established by Apache Spark that behaves as a web-based platform for Spark, providing algorithmic cluster management solutions and IPython-style notebooks. Delta Lake, MLflow, and Koalas are some of the open-source initiatives created by the company, and they mostly cover data engineering, data science, and machine learning.
8. Revolut
Revolut is a financial technology company. It is based in England that offers financial services. Revolut offers currency conversion accounts, card payments, digital cards, mobile payments, and commodity markets, among other things. With a market capitalization of £4.2 billion in November 2020, Revolut was named the most valuable fintech in the UK. The company is worth $33 billion, making it the most valuable startup in Britain.
9. Nubank
Nubank is a Brazilian neobank and Latin America’s largest fintech bank. The headquarters of the company are in So Paulo, Brazil. Nubank officially launched its The company will conduct a public IPO offering on the New York Stock Exchange on December 9, 2021, valuing the business at US $45.8 billion, making it the most important digital neobank.
10. Epic Games
Epic Games, Inc., based in Cary, North Carolina, is an American computer game and application publisher and developer. Potomac Computer Systems was founded in 1991, at first able to operate out of his parents’ residence in Potomac, Maryland. Following the release of his first commercial video game, ZZT (1991), the business became Epic MegaGames, Inc. in 1992, and Mark Rein was hired as vice president. The studio’s title was simplified to Epic Games after they moved to Cary in 1999.
11. Chime
Chime Financial, Inc. is a fintech company located in the United States that provides fee-free mobile payments through The Bancorp Bank or Stride Bank, N.A. Account holders are given Visa debit or credit cards and have access to an online banking system via the company’s website or mobile apps. The majority of Chime’s revenue comes from the collection of interchange fees.
12. FTX
FTX is a virtual currency derivatives exchange that was created by traders for traders. They strive to create a platform that is both powerful and user-friendly for professional trading firms. For all major cryptocurrencies, leveraged tokens, and OTC, FTX offers quarterly and perpetual futures. FTX Exchange is a cryptocurrency that builds a framework for professional traders.
13. BYJU’s
Byju’s is a Bangalore-based Indian multinational ed-tech company. Byju Raveendran and Divya Gokulnath created it in 2011. Byju’s is estimated at $22 bn and has more than 115 million students enrolled as of December 2021. Byju’s has been rebuked for charging a fee, which is only open to the wealthy. Former sales representatives argue that the business tries to push its offerings on low-income families.
14. Xiaohongshu
Xiaohongshu is a Chinese social media as well as e-commerce platform. It has been made reference to as “China’s Instagram.” Users and influencers can use the app to post, discover, and share product reviews, which are most commonly related to beauty and health. Travel influencers are also known for frequently trying to post content on the platform regarding travel and recreation destinations.
15. J&T Express
J & T Express is a logistics business headquartered in Indonesia. The business, which was founded in 2015, specializes in logistical issues and delivering packages. In Indonesia and Singapore, J&T provides automated sorting warehouses. In 2018 and 2019, it managed to win the Indonesian Top Brand Award. Investors valued the company at USD $8 billion as of April 2021.
16. Fanatics
Sports Fanatics, Inc. is a global digital sports platform with sports industry merchandise, collectables and collectibles, digital collectibles and NFTs, sports betting and online gaming, as well as other services. The company began as an online retailer of authorised sportswear and merchandise in the United States.
17. Yuanfudao
Yuanfudao is a Chinese online learning platform backed by Tencent Holdings, a tech giant. It reported in March 2020 that it would fund a round valued at about $7.5 billion. Tencent Holdings and venture capital powerhouse Hillhouse Capital Group led the round of financing.
18. Dji Innovations
DJI is a commercial drone producer that focuses on aerial photographers and videographers. Camera devices connected, camcorders, camera stabilisers, flight platforms, jet engines, and autopilot are also designed and manufactured by the company. As of March 2020, DJI helped to control approximately 70% of the global drone market. The music, television, and film industries all use its camera drone technology.
19. SHEIN
Shein is known for its affordable clothing. Shein was thought of initially more as a drop-ship company than a retail outlet. Currently, the business does not create or manufacture clothing, instead sourcing its supplies from a Guangzhou wholesale clothing market. Shein purchased Romwe, a Chinese e-commerce retail chain, in 2014, transforming it into a “fully integrated retailer.”
20. Checkout.com
Checkout.com is a British financial technology company based in London. Checkout.com was founded in 2012 and is expected to be valued at $40 billion by 2022, making it the top European fintech startup. Checkout.com is a payment processor for other businesses. Netflix, Pizza Hut, and Coinbase, a digital asset exchange, are among the company’s clients.
