Top 19 Unicorns & What Makes Them Industry’s Front-Runners

by Aanchal Sharma

RChilli proudly introduces a curated list of companies that, with sheer dedication and passion, achieved Unicorn Company Status. Carving a niche in their respective industries, their journey towards the prestigious status was mapped out with a team of dedicated, talented, skilled, and best-in-class professionals. Here’s raising a toast to them!

A Curated List of Companies  reaching the unicorn status

It takes incredible ideas to build a company. But it takes a vision, consistent efforts, and the right technology partners to give shape to that vision, a passion to be steadfast in the efforts, embracing what comes the way, and building a culture that will help you carve a niche in the industry and be called a UNICORN.

Mapping the Unicorns Globally

Over the past decade, Unicorns have expanded their wings globally. Unsurprisingly, the majority of these successful companies spruced up in the hotbed of innovation or had their brick-and-mortar offices adjacent to Wall Street, but there were other tech hubs around the globe, slithering their way up to the charts.

Meeting the New Unicorns Helping The HR Industry Perform Better

Emerging as the industry leaders, these unicorns have successfully crossed the billion-dollar threshold to achieve Unicorn status. In the list below, we look at some of the companies who, if not overnight but with their steadfast efforts, reached the coveted status.       

1. Acrocorp

Country: United States

Employees: 1001-5000

Founders: Ron Shahani · President and CEO

Acro Service Corporation has emerged as a national-level company in workforce management solutions. The company has been offering solutions, including staff augmentation services and service staffing program services, since its inception in Information Technology (IT), engineering, professional, accounting, finance, administrative, light industrial, manufacturing, and other categories.  

2. Financial Force

Country: USA

Employees: 501-1,000

Founders: Debbie Ashton, Jeremy Roche

FinancialForce is determined to accelerate business growth via its customer-centric ERP, professional services automation (PSA), and customer success solutions. With its presence on the leading cloud platform, Salesforce, FinancialForce helps companies know the customer persona and unlock client insights, offer innovative experiences, and achieve agility and resilience.

3. Phenom

Country: USA 

Employees: 1001-5000

Founders: Brad Goldoor, Hari Bayireddy, Mahe Bayireddi

Initiated to inspire people through their jobs, Phenom offers the Phenom Talent Experience Management (TXM) platform, which transforms talented candidates into thriving employees and, eventually, valuable brand advocates. Phenom’s TXM platform offers companies a unified solution delivering a Career site, CRM, CMS, Chatbot, SMS, Internal Mobility and referrals, University Recruiting, Talent Analytics, and AI. The AI-driven platform drives personalization for candidates, recruiters, employees, and management. 

4. Freshworks

Country: USA

Employees: 5,001-10,000

Founders: Girish Mathrubootham, Shan Krishnasamy, Vijay Shankar

Freshworks has successfully made it easier for its clients to delight customers and employees by delivering software-as-a-service that’s pocket-friendly, easy and quick to implement, and ultimately designed for the end-user. Freshworks is a renowned name for building tech that works for everyone—IT, sales, marketers, and HR—helping them do their jobs proficiently.

5. Turing

Country: USA

Employees: 501-1,000

founders: Jonathan Siddharth, Vijay Krishnan

Turing’s hiring platform is a blend of deep matching intelligence and AI that helps companies find ideal and talented engineers across 100+ skills, including React, Node, Python, Golang, Angular, Swift, Java, and many more. The rigorous vetting process followed by Turing extends a company’s reach to talented professionals by accessing their technical abilities, English skills, and remote working capabilities. With in-depth expertise and knowledge in AI, Turing has played a significant role in helping the US top companies build their engineering dream team by ensuring time zone overlap, transparency, and reliable communication, making remote development easy. 

6. DarwinBox

Country: India


Founders: Chaitanya Peddi, Jayant Paleti, Rohit Chennamaneni

Darwinbox is a leading cloud-based human resources management software (HRMS) provider. Throughout the employee lifecycle—from hire to retire—the SaaS platform engages and empowers them with an uncomplicated, smarter, and mobile-first HR Tech experience powered by AI and ML (Machine Learning). DarwinBox became the fastest and youngest HCM player to debut on Gartner’s Magic Quadrant for 1000+ Employee Enterprises.

7. SeekOut

Country: USA

Employees: 51-200

Founders: Aravind Bala, John Tippett, Vikas Manocha

SeekOut offers a competitive advantage in recruiting, retaining, and developing the talent base along with a comprehensive 360 view of internal employees and external talent with analytics, predictive insights, and action recommendations. SeekOut helps companies achieve their recruiting goals faster by proactively sourcing skilled candidates, reducing hiring bias, and enhancing candidate engagement.  

8. BeeLine

Country: UK 

Employees: 501-1,000

Founders: Mark Jenner, Tom Putnam

Beeline has the credit to be a pioneer in introducing the world's first extended workforce platform. The intelligence-driven platform transforms how businesses engage, manage, and optimize external talent. As a VMS originator and decades-long innovator, the company is set to push the limits of vendor management, helping businesses get a futuristic platform that securely, intelligently, and efficiently addresses the requirements of a business.

9. Thomson Reuters

Country: USA 

Employees: 10,001+

Founders: Christina Ambers, Ray Kingman

Thomson Reuters is one of the most prominent and trusted providers of help for professionals to make better business decisions. The team of Thomson Reuters has expertise in dealing with a client base belonging to complex areas including tax, law, compliance, media, and government.

10. Ramco

Country: India

Employees: 1,001-5,000

Founders: P.R.Venketrama Raja

An emerging enterprise software player, Ramco has been showing its presence to the world via its multi-tenant cloud and mobile-based enterprise software in the Global Payroll and HR, ERP, Logistics, and M&E MRO for aviation segments. The company has been focused on bringing innovation to its culture to carve a niche in the marketplace.

11. Phoenix Healthcare

Country: USA

Employees: 14

Founders: Lorraine Springer & Mike Mehta

A leading medical manufacturing company headquartered in Ft. Lauderdale, Florida, USA, and manufacturing in Mumbai, India, Phoenix Healthcare Solutions is a pioneer in private labeling the wet and plastic medical products for its clients spread across retail, direct-to-consumer, wholesale, institutional, and international markets. The company offers its customers and suppliers the most responsive, efficient, and economical distribution system for healthcare products and services distribution.

12. Global Logic

Country: USA

Employees: 13,000

Founders: Rahul Garg, Sanjay Singh, Manoj Agarwala, and Tarun Upadhyay

A Hitachi Group Company, Global Logic is a product development services leader with chip-to-cloud software engineering expertise and vertical industry experience. The company assists clients in designing, building, and delivering their next-generation products and digital expertise. The brains at Global Logic are known to integrate design, complex engineering, and agile delivery capabilities to deliver unparalleled business results for global brands. The company’s client base ranges in the telecom, automotive, healthcare, technology, media and entertainment, manufacturing, and semiconductor industries. 

13. Godrej

Country: India

Employees: 28,000 (2016)

Founders: Ardeshir Godrej & Pirojsha Burjorji Godrej

Set up in 1897, Godrej Group has its roots in India’s Swadeshi movement. Enjoying the patronage of over 750 million Indians spread across industries, including consumer goods, real estate, appliances, agri, and many other businesses. With banking revenue of over USD 4.1 billion, the company brings together a passion and purpose to make a difference through the Goods & Green strategy of shared value to create an inclusive and greener India.

14. HTC

Country: USA

Employees: 11,000

Founders: Madhava Reddy

HTC Global Services has been a pioneer in innovative IT and Business process services and solutions since 1990. The company integrates technical and domain expertise with a business partner approach. Thai enables clients to realize their business transformation and maximize their business ROI. The company envisioned bringing human expertise to tech to deliver purposeful solutions that amplify value. 

15. Instructure

Country: USA

Employees: 1424

Founders: Brian Whitmer and Devlin Daley

The Instructure learning platform has made edtech personal and student success equitable through software, content, professional development, open integrations, and an amazing user community. The company develops and publishes Canvas, a web-based learning management system and MasteryConnect, an assessment management system. 

16. Mahindra and Mahindra

Country: India


Employees: 260,000


Founders: Jagdish Chandra Mahindra, Kailash Chandra Mahindra, and Malik Ghulam Muhammad

Mahindra Group is a multinational amalgamation headquartered in Mumbai, India. Founded in 1945, it operates in various sectors, including automotive, aerospace, agribusiness, information technology, hospitality, and more. The company is also involved in financial services, real estate, and renewable energy. The organization is known for its commitment to sustainability and innovation across its diverse portfolio of businesses.


17. Virtusa

Country: Southborough, Massachusetts, United States 


Employees: 33,000


Founders: Kris Canekeratne, Tushara Canekeratne, John Gillis

Virtusa Corporation is a global IT services provider. The company is headquartered in the United States. Founded in 1996, Virtusa specializes in providing IT consulting, technology implementation, and outsourcing services to clients in various industries. These industries include financial services, healthcare, telecommunications, and technology. The company offers digital transformation, cloud services, data management, cybersecurity, and software development solutions. 

 18. Applus Norcontrol

Country: Santa Oliva, Catalonia, Spain


Employees: 26,770


Founders: Josep Maria Farran

Applus+ Norcontrol is a global company that provides inspection, testing, certification, and technical assistance services, primarily in the energy, infrastructure, and aerospace sectors. It offers quality control, risk management, regulation compliance, and asset integrity services. Applus+ Norcontrol specializes in ensuring the safety and reliability of oil and gas installations, renewable energy projects, and nuclear facilities in the energy sector. 


19. Cielo Talent

Country: Wisconsin, United States


Employees: 3,600


Founders: Sue Marks

Cielo is a leading global provider of recruitment process outsourcing (RPO) and talent acquisition solutions. The company helps organizations of all sizes optimize their recruitment strategies and processes to attract, engage, and hire top talent. Cielo offers a comprehensive suite of services, including candidate sourcing, screening, interviewing, employer branding, and onboarding support. 

Common Foundation Ground For These Companies 

Each Unicorn mentioned above was established with a common ground- developing products that bring customer delight. They ensured this by bringing AI at the core of their business products and services.

One of the biggest challenges that the HR leaders face is finding ideal candidates for the jobs. Working as the front-runners of their industry, these companies laid their foundation with an aim to introduce technology, bring a remarkable change in the conventional approach towards offering services to their client-base, and enhance the productivity through their products. 

How RChilli Helped Realize Their Vision?

RChilli, with its ingenious products, including Resume Parser, Search & Match Engine, Resume Redactor, Taxonomy, and Data Migration, empowers enterprise-level HR managers to redefine their recruitment practices through automation. Understanding how important it is to have a skilled team of professionals that could help the company reach the pinnacle versus the stress HR managers face daily to fill the job positions, the RChilli resume parser was engineered to help the recruiters.

Starting right from applying to the job, the resume parser with its one-click apply feature helps the companies enhance positive candidate experience. Candidates can fill the profile in less than 10 seconds.

RChilli resume parser also helps save the recruiter’s valuable time by giving them access to import millions of resumes overnight. Designed to help the recruiters build a diverse team, the parser helps them get accurate candidate data and streamline the hiring process. 

Not just this, through the rich taxonomy the mismatch between the job description and resume is eliminated. It further helps the candidates create skill profiles for the job positions and the recruiters can look for the right match depending on the skills.

The search & match feature, on the other hand, automatically provides the best out-of-resumes for a job advertised and the closest match as per skills. As for resume redactors, recruiters can shortlist candidates based on their skills, negating unbiased recruitment.   

Final Words

It takes resilience and will to constantly evolve and carve a niche in the industry and become a Unicorn. These companies already possessed the attributes; RChilli with its array of ingenious and technology-driven products became their technology partner contributing its bit to help them realize their dream and stay ahead of their competitors.

Are you curious to know how we can help “YOU” take the first step towards your unicorn journey? We're asking for a few minutes of your day. Let’s talk!

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