Every startup dreams of becoming a unicorn (a startup having a valuation of at least $1 billion). But what after that? Is it the end? Or is there another milestone the startup needs to achieve to get the ultimate success?
Well, with the ever-increasing additions to the existing unicorn club, a new goal needed to be set; a new goal which separated the best performing unicorns from average ones.
This gave the rise to the concept of decacorn.
What Is A Decacorn?
A decacorn is a startup company which has a current valuation of over $10 billion.
According to CBInsights, there are currently 18 decacorns in the world, with 10 being from the USA. Toutiao (Bytedance), a Chinese digital media/AI company is at the top of the list with the current valuation of $75 billion. It is followed by Uber with a valuation of $72 billion.
Decorns are the evolved versions of unicorns. What separates them isn’t just the funding. It’s the unique business model (probably because they are the pioneers), the revenue model, and the growth rate. They’ve received such investments and have a post-money valuation of over $10 billion because they’ve shown the world an incredible growth rate that the others couldn’t. Here’s the list of all the decacorns in the world.
|Toutiao (Bytedance)||$75||China||ML & AI based media content developer|
|Uber||$72||United States||On-demand cab aggregator + delivery|
|Didi Chuxing||$56||China||On-demand cab aggregator|
|WeWork||$47||United States||Shared workspaces provider|
|JUUL Labs||$38||United States||Electronic cigarette manufacturer|
|Airbnb||$29.3||United States||Online marketplace and hospitality service|
|Stripe||$22.5||United States||Online payment processing for internet businesses|
|SpaceX||$18.5||United States||Aerospace manufacturer and space transportation services company|
|Epic Games||$15||Gaming||Video game and software development company|
|GrabTaxi||$14||Singapore||On-demand cab aggregator|
|Bitmain Technologies||$12||China||Bitcoin miner|
|Samumed||$12||United States||Medical research and development for tissue-level regeneration|
|Global Switch||$11.08||United Kingdom||Large scale data centres owner, operator, and developer.|
|Palantir Technologies||$11||United States||Big data analytics|
|DJI Innovations||$10||China||Unmanned aerial vehicles (drones) manufacturer|
|Go-Jek||$10||Indonesia||On-demand transportation, food delivery, logistics, payment, and daily services|
|Infor||$10||United States||SMB and Enterprise ERP software cloud products for industries|
|One97 Communications (PayTM)||$10||India||e-wallet, payments bank, and online marketplace|
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A startup consultant, dreamer, traveller, and philomath. Aashish has worked with over a 50 startups and successfully helped them ideate, raise money, and succeed. When not working, he can be found hiking, camping, and stargazing.