The term “zebra” company was coined by entrepreneur and investor Naval Ravikant to describe businesses that are “not unicorns, but still very large, successful, and impactful.” Zebra companies are typically founded by mission-driven entrepreneurs who are focused on solving a significant social or environmental problem. They often operate in sectors such as healthcare, education, and clean energy.

India is home to a growing number of zebra companies. In 2022, there were over 100 zebra companies in India with valuations of over $100 million. These companies are having a significant impact on the Indian economy and society. They are creating jobs, generating revenue, and improving the lives of millions of people.

Some of the most notable zebra companies in India include:

  • Apna Loans: Apna Loans is a digital lending platform that provides loans to small businesses and individuals. The company has disbursed over $1 billion in loans and has helped over 1 million borrowers.
  • Palak Health: Palak Health is a digital healthcare platform that provides access to affordable healthcare services. The company has partnered with over 10,000 doctors and hospitals and has served over 1 million patients.
  • Swasthya Infotech: Swasthya Infotech is a digital health company that provides software solutions to hospitals and clinics. The company has over 1,000 customers in India and abroad.
  • Udaan: Udaan is a B2B marketplace that connects small businesses with suppliers. The company has over 1 million registered sellers and buyers and has facilitated over $10 billion in transactions.
  • Zepplin: Zeppelin is a climate tech company that develops software to help businesses reduce their carbon emissions. The company has over 100 customers in India and abroad.

These are just a few examples of the many zebra companies that are thriving in India. These companies are making a real difference in the world and are attracting the attention of investors. As the Indian economy continues to grow, zebra companies are likely to play an increasingly important role in the country’s future.

Here are some of the factors that are driving the growth of zebra companies in India:

  • The rise of the Indian middle class: The Indian middle class is growing rapidly, and this is creating a large market for products and services that address the needs of this demographic.
  • The government’s focus on entrepreneurship: The Indian government is supportive of entrepreneurship and is providing funding and other resources to help startups grow and succeed.
  • The availability of talent: India has a large pool of skilled and talented workers, which is a major advantage for startups.
  • The growing startup ecosystem: India has a thriving startup ecosystem with a strong network of investors, mentors, and other support organizations.

The growth of zebra companies is good news for India’s economy and society. These companies are creating jobs, generating revenue, and improving the lives of millions of people. They are also helping to address some of India’s most pressing challenges, such as poverty, inequality, and climate change.

Investors are also taking notice of zebra companies. These companies offer the potential for high returns and are seen as a way to invest in the future of India. As the Indian economy continues to grow, zebra companies are likely to play an increasingly important role in the country’s economy and society.