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20 Most Valuable Unicorns in the World (2023 - Updated)

Are you a startup founder or entrepreneur looking to make your mark in the business world? Are you familiar with unicorns, those rare, highly valuable companies that have been estimated to be worth over one billion dollars? Look no further; we've rounded up the 20 most valuable unicorns in the world.

Most Valuable Unicorns in the World

1. ByteDance


Valuation: $220B

Industry: Internet and Social Media

Founder: Zhang Yiming

Country: China


ByteDance's platforms are designed to inform, educate, entertain, and inspire people worldwide. With its user-friendly interface and easy-to-use tools, ByteDance's platforms are empowering people to be creators directly from their smartphones. From short-form videos, news feeds, educational content to a social networking app, ByteDance has been making an impact in the online world, making it the most valuable unicorn in the world.


2. Ant Group


Valuation: $150B

Industry: Financial Services

Founder: Hitters Xu, Jack Ma

Country: China


Ant Group is taking the crucial steps to pave the way for the digital transformation of the service industry. As one of the leading global technology companies, they aim to establish a robust infrastructure and platform that can support small businesses and consumers alike. Their goal is to provide equal access to financial and other services that are inclusive and sustainable, as well as green. By providing efficient and cost-effective solutions, Ant Group aims to create a level playing field for everyone, enabling them to grow and succeed.


3. SpaceX


Valuation: $125B

Industry: Aerospace

Founder: Elon Musk

Country: USA


SpaceX is a cutting-edge space technology company that has revolutionized space exploration and transportation. With a strong focus on space transportation, SpaceX designs, manufactures and launches advanced rockets and spacecraft. This pioneering company has developed a wide range of crew and cargo capsules, engines, cryogenic tank structures, avionics, equipment, guidance and control software, making it a leading player in the space industry.


4. Shein


Valuation: $66B

Industry: Ecommerce, Fashion

Founder: Yangtian Xu

Country: China


Shein is an online marketplace that expressly caters to women's fashion needs. With a global presence in over 220 countries and regions, Shein has established itself as an international B2C fast fashion e-commerce platform. What sets it apart from other online retailers is its use of on-demand manufacturing technologies, which efficiently connects suppliers to an agile supply chain, ultimately reducing inventory waste. As a result, customers can expect nothing but the latest fashion trends at a fraction of the cost.


5. Reliance Retail


Valuation: $59B

Industry: Retail, Consumer Goods

Founder: Mukesh Ambani

Country: India


Reliance Retail is a prominent player in the Indian retail industry offering a range of shopping options to customers. With a strong online presence and a chain of neighborhood stores, supermarkets, and wholesale/specialty stores, Reliance Retail has become a one-stop-shop for all your shopping needs. Their online shopping platform makes it convenient for customers to browse and compare products from the comfort of their own homes, while their physical stores provide a personalized shopping experience. Whether you are looking for groceries, fashion, electronics, or home essentials, Reliance Retail has got you covered. With a focus on innovation and customer satisfaction, they continue to revolutionize the retail space in India.


6. Reliance Jio


Valuation: $58B

Industry: Telecommunications

Founder: Mukesh Ambani

Country: India


Reliance Jio is an Indian telecommunications company that has brought about a digital transformation in India by providing affordable and high-speed internet access to millions of people. The company's innovative strategies such as free voice calls, data plans, and a wide range of digital services have disrupted the traditional telecom industry and changed the way people connect with each other.


7. Stripe


Valuation: $50B

Industry: FinTech

Founder: John Collison, Patrick Collison

Country: USA


Stripe is a powerhouse in the world of online payment processing and commerce solutions. With its vast suite of APIs, Stripe enables internet businesses of all sizes to seamlessly integrate payment processing and management into their online platforms. Whether you are a small start-up or a large-scale enterprise, Stripe has a range of solutions designed to meet your unique needs. From payment acceptance and to billing and subscription management, Stripe provides a comprehensive suite of tools to help businesses succeed in the digital marketplace. With its user-friendly interface and reliable performance, Stripe has become a go-to choice for businesses looking to streamline their online payment processes.


8. Databricks


Valuation: $43B

Industry: Software, Analytics

Founder: Ali Ghodsi, Andy Konwinski, Arsalan Tavakoli-Shiraji, Ion Stoica, Matei Zaharia, Patrick Wendell, Reynold Xin

Country: USA


Databricks is a powerful software platform that helps businesses streamline their analytics process by unifying data science and data engineering. This platform provides a unique opportunity for data scientists to collaborate with their engineering counterparts and business leaders to build data products that can transform the way businesses make decisions.


9. Canva


Valuation: $40B

Industry: Graphic Design

Founder: Cameron Adams, Cliff Obrecht, Melanie Perkins

Country: Australia


Canva is a popular online platform that has revolutionized the world of graphic design. It caters to users who may not have a background in design, providing them with a friendly, user-friendly interface to create amazing designs. With its vast library of templates, images, and design elements, Canva makes it easy to create social media posts, posters, invitations, and even infographics.


10. Checkout.com


Valuation: $40B

Industry: FinTech

Founder: Guillaume Pousaz

Country: United Kingdom


As businesses continue to move towards a digital future, the importance of a reliable payment solution cannot be understated. This is where Checkout.com comes in. As a leading global provider of payment solutions, their platform has empowered businesses of all sizes to thrive in the digital economy. From payments processing to fraud prevention, Checkout.com's suite of products is tailored to meet the needs of businesses and communities in today's digital landscape.


11. Instacart


Valuation: $39B

Industry: Delivery Service

Founder: Apoorva Mehta, Brandon Leonardo, Max Mullen

Country: USA


Instacart has revolutionized the way people shop for groceries. The online platform offers a convenient and efficient solution for both retailers and consumers. With same-day delivery and pickup services, Instacart has made it possible for busy individuals to get their groceries without having to leave the house. The platform has partnered with numerous retailers to provide a wide range of options for customers. Users can easily browse through the catalogue of products and add them to their cart with just a few clicks. They can then choose to have their groceries delivered to their doorstep or pick them up at a designated location.


12. JUUL


Valuation: $38B

Industry: Consumer Electronics

Founder: Adam Bowen, James Monsees

Country: USA


JUUL is a well-known electronics company in the US that has changed the game for adult smokers. They specialize in providing a range of vape products that aim to improve the smoking alternative for adults. JUUL's nicotine vaporizer has been one of the biggest launches in recent years and has established itself as a simply satisfying alternative to traditional cigarettes.


13. Revolut


Valuation: $33B

Industry: FinTech

Founder: Nikolay Storonsky, Vlad Yatsenko

Country: United Kingdom


Revolut is a leading financial services company that has revolutionized the way people handle their money. Its focus on mobile banking, card payments, money remittance, and foreign exchange has allowed customers to easily manage their finances on-the-go. With its sleek app design and user-friendly interface, Revolut has made banking simple and accessible for everyone.


14. Epic Games


Valuation: $32B

Industry: Gaming

Founder: Mark Rein, Tim Sweeney

Country: USA


Epic Games is known for developing some of the most popular interactive games in the market today. The company's game engine technology has also revolutionized the way developers create and design their own games. Epic Games has been at the forefront of innovation, offering stunning graphics, engaging storylines, and exciting gameplay experiences for players across the globe. With a commitment to excellence in everything they do, Epic Games consistently raises the bar for the entire industry and inspires countless game developers to pursue their own creative ambitions.


15. Fanatics


Valuation: $31B

Industry: Retail, Sports

Founder: Alan Trager, Jason Watkins, Michael G. Rubin, Mitch Trager

Country: USA


Fanatics is a sports merchandise retailer that has become one of the most notable and influential companies in the sports world. With a focus on manufacturing fan gear and jerseys, Fanatics has created a vast selection of products that are sold across retail channels. The company's dedication to creating high-quality merchandise and a wide array of options has established it as a leader in the sports merchandise industry.


16. Cruise


Valuation: $30B

Industry: Autonomous Vehicles, Automotive

Founder: Daniel Kan, Kyle Vogt

Country: USA


Cruise is a company that is revolutionizing the way people connect to places and things by building self-driving vehicles. With cutting-edge technology, Cruise is leading the charge in making travel safer, more convenient, and more enjoyable than ever before. By leveraging its expertise in autonomous driving, Cruise is able to produce vehicles that can transport passengers safely and efficiently to their desired destination.


17. Waymo


Valuation: $30B

Industry: Automotive

Founder: Anthony Levandowski, Sebastian Thrun

Country: USA


Waymo is a self-driving technology company that is pioneering a new era in mobility. With a mission to create a safer and more convenient way for people and goods to move around, Waymo stands at the forefront of the autonomous vehicle revolution. By harnessing the power of AI, Waymo is redefining the way we think about transportation.


18. Alibaba Bendi Shenghuo Fuwu Gongsi


Valuation: $30B

Industry: Delivery Service

Country: China


Alibaba Bendi Shenghuo Fuwu Gonsi is a holding company created by Alibaba Group to provide on-demand online services. Its two major components are Ele.me and Koubei, which effectively merged in August 2018. The focus of the company is to provide easy and convenient access to food delivery services and restaurant guides, making it one of the go-to options for urban residents. By merging with Koubei, Alibaba Bendi Shenghuo Fuwu Gonsi effectively gained a comprehensive ecosystem for local food service, making it a prominent player in the industry.


19. OpenAI


Valuation: $29B

Industry: Artificial Intelligence, Software

Founder: Carlos Virella, Elon Musk, Greg Brockman, Ilya Sutskever, John Schulman, Rafsan Shahriar, Sam Altman, Wojciech Zaremba

Country: USA


OpenAI is a groundbreaking research organization that has been making waves in the world of artificial intelligence. As an AI research and deployment company, their mission is to promote the responsible advancement of machine learning and push the boundaries of what AI can accomplish. OpenAI is dedicated to ensuring that artificial intelligence is developed safely and for the benefit of all people. Through their innovative research, they are helping to reshape our understanding of the possibilities of AI. With the potential to revolutionize industries and transform our everyday lives, OpenAI is at the forefront of one of the most exciting fields of research in the modern era.


20. Chime


Valuation: $25B

Industry: Fintech

Founder: Chris Britt, Ryan King

Country: USA


Chime is a financial technology company that has made its mark in the world of mobile banking services. Chime has been able to provide its users with a seamless banking experience that is mobile and easy to use. One of the key things that Chime has done well is to enable its users to access all the services offered by traditional banks on a mobile platform, which is a game-changer for many people.


Looking for the complete list of unicorn companies?


Check out the "Unicorn Universe" - our comprehensive resource that brings together an extensive compilation of unicorn startups worldwide.







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