Startups in India are growing rapidly and there are plenty of opportunities available for entrepreneurs. India has a huge population with a wide variety of industries, making it a good place to start or expand a business.
Moreover, the government is supportive of startups and encourages innovation. There are many opportunities for startups in India, and the country is poised to become a leading player in the global tech scene.
To tell you more about the startups in India, we have compiled a list of top startups in India.
Let’s have a look at them one by one.
It is a popular ed-tech startup founded in India in 2011. Now, it is widely known for providing adaptive, engaging, and effective learning solutions to its students worldwide. Online coaching includes the school’s curriculum and training for exams like JEE, IAS, GRE, etc.
This education startup acquired the status of the 13th largest unicorn in the world as per CB insights in December 2021.
Paytm is among the top startups in India; it’s a multinational technology startup that offers a digital ecosystem for customers and merchants. Paytm was launched in 2010. The company delivers payment, commerce, cloud, and financial services.
It allows users to make UPI payments, book movie tickets, and EMI payments quickly and safely. It has also yielded revenue of INR 4846 crores in FY2022.
PharmEasy is a Mumbai-based startup founded in 2015. It focuses on the health care, diagnostics, and pharmaceutical industries. It is an online medical store that offers everything that you expect from an actual medical or pharmacy store — OTC products, medical instruments, and even diagnostic tests!
PharmEasy enables patients to connect with local diagnostic centers, assists with medicine delivery and takes care of other medical needs. PharmEasy has grown tremendously since the COVID-19 pandemic, earning favor and becoming an essential service today.
Nowadays, establishing your business from the comfort of your home seems challenging. But Meesho has made this process much easier and affordable and has become one of the biggest and most trusted reseller platforms. Meesho is a Bangalore-based startup established in 2015. It includes eCommerce and social media industries.
Meesho connects sellers to customers in an online marketplace. Simultaneously, the startup streamlines the process for the sellers by allowing them in areas like logistics, orders, and payments. It has an association with over 13 million entrepreneurs and deals with goods ranging from groceries to apparel.
Digit Insurance is an insurance brokerage firm established in the year 2016 in India. It offers commercial and non-commercial vehicles, property, and travel insurance.
Digit Insurance is one of the leading insurance companies, allowing clients to make informed decisions and get themselves insured. It generated a revenue of INR 5268 crores in FY22.
Nykaa is an online beauty store and a fashion e-commerce platform launched in 2012. The company delivers wellness and beauty products to customers at affordable prices. Now, the company has over 55 retail stores and fulfills about 1.5 million monthly orders.
Nykaa has over 5 million monthly active users and deals with 500+ brands through its website and stores. The company has also initiated its new venture, Nykaa Fashion which presents apparel and accessories. It has introduced its private label for intimate wear named Nykd.
Founded in 2008, DREAM 11 is an online fantasy sports platform with over ten crore users in India. DREAM 11 is India’s first Unicorn startup as the company’s valuation has now reached to $5 billion. The company has increased at a CAGR of 230 % in the last three years.
Dream 11 is the leading fantasy gaming platform in India. It has drawn a lot of young users who are passionate about games. It took three years for the company to reach 1 million users, and after that, it crossed the 3 million mark in two months.
The company had about 75 million users before the COVID-19 pandemic began in India and now reached 100 million users.
A tech-based startup offering B2B e-commerce solutions was founded in 2016. It assists in connecting over 25000 sellers in India. The company has signed up thousands of brands, including Boat Lifestyle, PepsiCo, LG, ITC, and several other big names.
According to the Udaan cofounder, the COVID-19 pandemic has fast-tracked the development of the digital-led evolution of the unorganized Indian trade retail industry. This is an opportunity for Udaan to stay in the country’s leading position in e-commerce platforms and keep its position among the top startups in India.
As per Entracker, Udaan is trying to infiltrate B2C markets through a new app called Pickily. The app is live on the Google Play Store, delivering FMCG products across different locations in Bangalore.
With this venture, the company will compete with the companies in the same segment as Big Basket, Swiggy Stores, Flipkart, and many more.
Swiggy is a food delivery platform launched in 2014. Initially started in Bangalore, Swiggy is now available in more than 27 cities, covering around 40 thousand restaurants. The company’s worth is $5 billion, recently raised around $800 million in funding.
While concentrating on the restaurant and delivery industries, Swiggy makes sure that it delivers one of the Top customer service experiences.
No doubt, it can be deemed as one of the top startups in India, as when its prior competitors like Foodpanda were struggling, it was able to expand and give Zomato tough competition.
Founded in 2018, CRED is a platform where you can pay your credit card bills and get rewarded for them. The platform has developed a new model where users get “CRED coins” when they pay their bills through the CRED app. These coins can later be redeemed for purchasing any product, joining a contest, or joining any workshop.
This is a Bangalore-based startup and offers services like credit and a premium catalogue of products to customers. The startup believes in incentivizing people to enhance their financial behaviour.
Very rare companies concentrate on the high-end base and continue healthy growth over the years. CRED is also preparing to introduce a feature where more than a thousand merchants can use CRED coins. Cred is also planning to start an eCommerce store and this planning is more than just offering reward coins to its customers.
Startups in India are blooming and there is a lot of potential for entrepreneurs. There are many resources available to help startups succeed, and the country has a growing pool of talented entrepreneurs.
The government also supports entrepreneurship, providing tax breaks and other financial incentives. With all these factors in place, the Indian startup scene is poised for great things in the years to come.
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