With the growing business opportunities in India, the biggest startups in the world are no longer just in countries like America, UK, and China. India has now become one of the leading global startup hubs in the world, just like its counterparts. With the increasing number of new companies in India, Entrepreneurs and Venture Capitalists are turbocharging the development of the tech startup sector. According to the latest report by KPMG, the number of startups has grown from 7,000 in 2008 to 50,000 in 2019. USA and India carry the same structure and principles but differ in funding. Let us look at the top 10 Tech Startups in India.
Ola cabs
Ola Cabs is an Indian multinational ride-sharing company offering services like a vehicle for hire. Different venture capitalists, including SoftBank, have large stakes in the company. It extended its first overseas market to Australia and New Zealand in September 2018. In March 2019, Ola began its UK operations introducing auto-rickshaws in the UK.
Year of Foundation: 2010
Head Office: Bangalore, Karnataka
Funding of the Organization: US$6.5 Billion
Zomato
Zomato is one of the most successful startups and perhaps the number one ranked food-tech startup in India that has turned into an international business. Deepinder Goyal and Pankaj Chaddah found it. The Company extended its service to 24 countries and in over 10,000 cities.
Year of Foundation: 2008
Head Office: Gurgaon, Haryana
Funding of the Organization: $755.6 Million
Byjus
Byju’s was founded by Byju Raveendran, Divya Gokulnath. It is an Indian multinational educational technology company. It is the world’s most valuable education technology company. It offers world-class learning experiences to K12 class students. Byju’s effectively inculcates AI, data analytics, and other disruptive techs in its app.
Year of Foundation: 2011
Head Office: Bangalore, Karnataka
Funding of the Organization: US$ 1 Billion
Paytm
Paytm is an Indian e-commerce payment system and financial technology company. Its parent company is One97. It was founded by Vijay Shekar Sharma. This startup is a payment service that allows people to pay funds to each other. It is very similar to PayPal. It is available in 11 languages. According to the company’s report, over 2 crore (20 million) merchants across India use their QR code payment system to accept payments directly into their bank account.
Year of Foundation: 2010
Head Office: Noida, Uttar Pradesh
Funding of the Organization: US$ 4.4 Billion
Vedantu
Vedantu is an Indian online teaching and educational platform. It was founded by Vamsi Krishna, Pulkit Jain, Saurabh Saxena, and Anand Prakash. It aims to balance teaching by creating a marketplace for teachers. Vedantu being similar to Vipkid offers a massive range of online classes and test preparations, live classes from the best teachers in India.
Year of Foundation: 2011
Head Office: Bangalore, Karnataka
Funding of the Organization: $21.6 Million
Pharm easy
PharmaEasy:
PharmaEasy is one of the largest pharmacy aggregators as well as one of the most successful startups in India. It was founded by Dharmil Sheth. They help patients to connect with local pharmacy stores and diagnostic centers in order to fulfill their medical needs.
Year of Foundation: 2015
Head Office: Mumbai, Maharashtra
Funding of the Organization: NOT DISCLOSED
Policy Bazar
Policy Bazaar was founded by Yashish Dahiya, Alok Bansal, and Avaneesh Nirjar. It is India’s largest and leading insurance website. They specialized in making a comparative analysis of the insurance products of various insurance policies based on price, quality and key benefits. It has also won many awards for its excellence in the Banking and Insurance sector. It moved from a policy price comparison website to an insurance selling operation. The company claims to process nearly 25% of India’s life insurance and over 7% of the country’s retail health cover.
Year of Foundation: 2008
Head Office: Gurgaon, Haryana
Funding of the Organization: NOT DISCLOSED
Udaan
Udaan is considered to be India’s largest B2B E-Commerce platform. It was founded by Amod Malviya, Sujeet Kumar and Vaibhav Gupta. It is specifically designed for small and medium businesses and provides market insights, trends, B2B trade features, products across different categories, secure buying and selling options and networking facilities.
Year of Foundation: 2016
Head Office: Bangalore, Karnataka
Funding of the Organization: US$ 1.15 Billion
Zest Money
ZestMoney is the largest and fastest growing consumer lending Fintech Company in India founded by Lizzie Chapman, Priya Sharma and Ashish Anantharaman. It provides the fastest way for all kinds of people to pay EMI (equated monthly installment) digitally, without any need for the credit card or a credit score. These major startups in India believe that being able to pay in EMI should be available to everyone and not only those who hold a credit card or have a credit score.
Year of Foundation: 2015
Head Office: Bangalore, Karnataka
Funding of the Organization: US$41.9 Million
Incred
Incred is a financial service group that holds technology and data science to make lending quick and easy. Bhupinder Singh found it. The company focuses on Consumer Loan, Home Loan, Education Loan, and SME Lending. It is one of the most successful Non-Banking Financial Companies (NBFC) in India.
Year of Foundation: 2016
Head Office: Mumbai, Maharashtra
Funding of the Organization: US$116.9 Million
Conclusion
To conclude, in today’s world, there are endless money-making opportunities. Startups can have a high success rate in India. For business, people in India are very knowledgeable. Some of the top Indian startups are out of the ordinary. So, if you want to create the most profitable startup in India, you need to think outside of the box.
-Nagasai Deepak
It’s very useful and informative