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Top World Unicorns 🦄🌍

Unicorn — a startup with a valuation of over $1 billion. This is the stage any entrepreneur dreams to reach. Let’s overview some examples of worldwide billion companies.

Rivian
Country: the USA 🇺🇸
Valuation: $27 billion

The startup offers e-cars for active traveling. Originally, the company was developing a car which strongly resembled Tesla’s Roadster. After two years, Rivian decided to change the pivot refocusing on the manufacture of luxurious cargo/passenger cars. However, the startup is still called Elon Musk’s nightmare being the major competitor of Tesla.

The development of the first two cars took nearly 10 years. In 2021, the company is intended to supply 20,000 cars, in 2022 — 40,000. Accordingly, it is supposed to raise sales up to $1,4 billion and $2,4 billion. Amazon is one of Rivian’s clients that ordered over 100,000 e-vehicles.

DJI Innovations
Country: China 🇨🇳
Valuation: $15 billion

This is an innovative leader of the market of unmanned aerial systems. The startup is recognized as a major player in the manufacture of multirotors, its video equipment, and super complex microcontrollers. At first, the unmanned aerial vehicles cost $6,000-$10,000 but the business didn’t bring the wanted profit.

Then, entrepreneurs decided to make the products cheaper but better by setting the price of $800. Refined products boosted the sales globally. One of the breakthrough products is Phantom which brought $130 million in 2013 and $500 million in 2015. What made the startup successful is its innovativeness. They developed products from scratch without borrowing someone else’s technologies.

Yuanfudao
Country: China 🇨🇳
Valuation: $15 billion

The company became one of the beneficiary during the pandemic. This is an edtech project providing an online platform for distant learning. They earn on the commission of teachers’ wages who work on the website.

The startup was founded in 2015. Yuanfudao was meant to be a platform where students could choose a teacher for them. In the 2 years, such market giants as Alibaba, Baidu, and Tencent invested in the company. In 2016, the startup integrated group lessons as well which helped to increase the number of users.

By the end of 2019, the total of raised investments amounted to $540 million, but in 2020 Yuanfudao did even better. The startup attracted $2,2 billion investments from Tencent and DST Global.

Which story do you find the most exciting? Share in the comments!💬



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