- Alchemy co-founder Nikil Viswanathan and Sanish Mondkar, founder and CEO of Legion Technologies, are among the country’s 25 venture-backed startups most likely to become unicorns.
Two startups helmed by Indian Americans are among Forbes 7th annual list of the country’s 25 venture-backed startups most likely to become unicorns (a private company with a valuation over $1 billion.” Although “a $1 billion valuation isn’t what it used to be, as companies reach that milestone at breakneck speed,” Forbes says “there are plenty of up-and-comers worth keeping an eye on,” including the 25 listed in its list of ‘Next Billion-dollar Startups.’
Alchemy co-founders Nikil Viswanathan, 34, and Joseph Lau, 32, feature in the list “for being on pace to increase revenue 10-fold this year, to an estimated $20 million.” The San Francisco-based company provides the leading blockchain development platform. Viswanathan and Law previously cofounded Down to Lunch, a popular social hangout iPhone app.
Sanish Mondkar, 48, is the founder and CEO of Legion Technologies, a workforce management software company that helps employers oversee their hourly workers. Forbes says Mondkar’s Redwood City, California-based company “uses artificial intelligence and machine learning to help its customers forecast demand and optimize their labor costs while taking into account employees’ preferences for when and how they work. Mondkar told Forbes that “most employees quit these jobs because of schedule conflicts.” With increased attention on workforce issues during the pandemic, Forbes estimates that Legion revenues could “more than double this year, to $11 million.”