Top 6 Make It Big Unicorn Startup

The digital economy is certainly no stranger to startups and e-commerce. When the COVID-19 pandemic hits, it accelerates the expansion of e-commerce towards a new firm, involving a long-term shift of e-commerce transactions. In this regard, as of December 2020, there are at least more than 500 unicorns around the world, and by next year that the number will have jumped again. If you are wondering what is meant by unicorn business startup, it is new companies that reach over a billion-dollar market value as determined by private or public investment. In this article, we break down the top most valuable startups of the last decade.

• Bytedance

Starting with a news recommendation engine and gradually evolved into a range of content platforms, Bytedance is here to inspire creativity and enrich life. Coming from Beijing, this multinational internet technology company is estimated worth over $100 billion as of May 2020. It is known globally from the video-sharing social network service Tik Tok or known in China as Douyin. Both of the short-form video apps have almost the same user interface, but no access to each other's content.

• Didi Chuxing

Formerly known as Didi Dache and Didi Kuandi, now Didi Chuxing paved its way to the world by serving app-based transportation services including ride-hailing, social ride-sharing, on-demand food-delivery services mainly in Brazil, Japan, and Mexico.

• SpaceX

From the name itself, we can already guess that this company is based on revolutionizing space technology founded by Elon Musk who is a big name in aerospace manufacturing. With the out of the ordinary goal of reducing the space transportation costs to set up the colonization of Mars. They are also known for recognizing customer needs in the recess internet system across the globe called Starlink.

• Stripe

Over the year, this American financial service company headquartered in San Francisco, California has become the main payment processing platform for many e-commerce websites and mobile applications.

• Kuaishou

Namely grown as a nemesis to Tik Tok’s sister, Douyin, Kuaishou emerges as one of the new leaders on short-video and live streaming app. Boasting more than 200 million active users daily, this social platform is chasing close to its competitor. Unfortunately, in June 2020, after controversially being accused of stealing the user interface from Tik Tok, the app was then being removed from the Google Play Store.

• Instacart

Many have opted for an alternative for groceries and household shopping this post-pandemic era, therefore, Instacart offers delivery and pick-up service for those goods. It is operated mainly in the United States and Canada via the website and mobile app services. This platform allows their customer to have groceries delivered from participating retailers by a personal shopper.

Most of these unicorn companies are proud early adopters of using artificial intelligence (AI) in making their way to the top list. In order to successfully create a skyrocket startup company, they should have the right people, skills, technology, and data to make the magic happen and not only depending on the idea solely.