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The 20 Fastest Startups to Reach $1B in Valuation

The 20 Fastest Startups to Reach $1B in Valuation

Posted by PanamericanWorld on March 17, 2016

In the business world, unicorns are startup companies valued at $1 billion or more, which was once the stuff of myths in the tech world. These rare beasts, many of which you’ve probably never heard of, had the uncanny ability to predict consumer needs and capitalize on the opportunity.

Here are the 20 startups that have been the fastest to reach a billion dollar valuation – all of which did so in under two years…

Jet.com

Time to $1B Value: Four Months

This US site operates as a smart shopping platform that allows its member to shop online from various retailers. It also holds the unicorn speed record for reaching $1B in value the fastest.

APUS Group

Time to $1B Value: Seven Months

This company looked at how they could develop the most accessible apps for Android software.

Rong360

Time to $1B Value: 
Seven Months

This Chinese company offers consumers customized financing and loan services based on their needs.

BeiBei

Time to $1B Value: Ten Months

Noticing that mothers didn’t have direct access to baby products, this e-commerce site caters solely to mothers and infants.

Illumio

Time to $1B Value: 
One Year

Realizing there was huge potential to break into the networking security industry, Illumio was developed and delivers adaptive security for every computing environment.

Iwjw

Time to $1B Value: One Year

Iwjw is a Shanghai-based online real estate agency that was founded in 2014.

Lashou.com 

Time to $1B Value: One Year

Lashou is a location-based, social commerce platform for web-based and mobile users in China. It enables users to carry out online-to-offline commerce transactions and provides merchants with marketing solutions.

58 Daojia 

Time to $1B Value: One Year and One Month

58 Daojia provides online information and access to high-quality offline services such as cleaning, moving, babysitting, and beauty care.

Lamabang

Time to $1B Value: 
One Year and Three Months

This social networking sites targets women at four different stages in their journey to parenthood: pre-pregnancy, pregnancy, childbirth, and early parenting.

Uptake 

Time to $1B Value: One Year and Four Months

Uptake is a social travel site helps you decide what to do on your ideal vacation by giving you advice and recommendations from the largest online travel library and the people you trust most.

WePiao 

Time to $1B Value: One Year and Five Months

Operating on Wechat and WePia applications, WePiao is a online movie ticket selling platform.

WeWork 

Time to $1B Value: One Year and Six Months

WeWork is a platform for creators that provides the space, community and services people might need to create their life’s work. Take a look at our profile of their new Montreal office space.

Xiaomi

Time to $1B Value: 
One Year and Nine Months

This is the fourth largest smartphone manufacturer in the world.

Oscar Health Insurance Co.

Time to $1B Value: One Year and Ten Months

This company wanted to offer consumers “smart and simple” health insurance.

Carbon3D

Time to $1B Value: 
Two Years

As 3D printing began to develop, Carbon3D realized there was a lot of opportunity in this field and began manufacturing 3D printers.

Dada

Time to $1B Value: 
Two Years

Realizing that more drivers wanted access to additional work, the delivery app Dada was launched to connect freelance drivers with more job opportunities.

Fab

Time to $1B Value: 
Two Years

Fab is a design-focused company dedicated to helping customers discover fun and unique products. It also tumbled spectacularly ever since until it eventually collapsed.

Square

Time to $1B Value: 
Two Years

Discovering that consumers wanted to be able to pay for goods faster, and through their mobile phones, Square is now used all around the world.

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