The epidemic has hastened the global digital revolution. The economy was severely harmed by unexpected changes, which resulted in a technological boom. Amid the crisis, industries and businesses began aggressively embracing disruptive technology to sustain agility and commercial growth. According to the Your Story research, India now has the world’s third-largest number of unicorns, with 38. An increase in start-ups has resulted from a greater reliance on the digital economy. These digital solution providers have helped organizations expand and accelerate their digital transformation. In India, now is an excellent time for start-ups. Business appears to be thriving in India and studying how companies operate there might teach you a lot. As a result, we’ve compiled a list of India’s most successful start-ups.
In India, unicorns are aplenty. Thirteen businesses have already made the list in the first four months of 2021, with more expected to join soon, as India is expected to raise $13.7 billion this year. The unicorn narrative of 2021 is one of many firsts, with the ecosystem welcoming the first unicorns in health tech, social commerce, infrastructure technology, and pharmacy. This year, India saw the birth of its first unicorns in the fields of health tech, social commerce, and pharmacy.
This year, Indian companies are expected to raise $13.7 billion in funding. This week, 33 Indian businesses secured funding, with 29 of them receiving a total of $380 million. What fix received the most money, approximately $90 million, followed by Zenati, which received $80 million. Meanwhile, the funding for four of the total supported firms has remained a secret. A group of investors recently provided financing to Media. Some of the investors may be involved, directly or indirectly, in a competitive firm or with other companies we may write about. This, however, will have no bearing on our reporting or coverage in any way. The Government of India has launched a program called Startup India. Indian Prime Minister Narendra Modi originally announced the campaign during a speech on August 15, 2015. This initiative’s action plan focuses on three areas: simplification, handholding, and collaboration. Support and Incentives for Funding
Block chains are a new type of network infrastructure that introduces distributed verifiability, auditability, and consensus to build “trust” in networks by introducing distributed verifiability, auditability, and consensus. Cryptography, a discipline of mathematics and computer science, is used by block chains to sign each transaction with a unique digital signature belonging to the person who initiated it. These signatures are kept private, however, they can be verified by the public. Block chain is one of the hottest new technologies on the market right now, attracting a lot of interest from corporations and start-ups.
Blockchain is best recognized as the backbone technology that underpins Bitcoin. Blockchain has the potential to transform a wide number of sectors and procedures by improving democracy, security, transparency, and efficiency. Blockchain is thought to have the potential to change virtually every business and economy. According to NITIAyog, block chain is predicted to generate USD3 trillion in yearly corporate value by 2030. Market, CRED, Pharm easy, Grow, Gunship, Share Chat, Charge bee, Urban Company, and Moglix are some of the companies involved. Souvik Sengupta, the co-founder of Infra, remarked, “There is a lot of money pursuing a tiny number of businesses.”
Even though the country’s overall macroeconomic activity has been affected by a severe second wave of Covid-19, risk investors continue to pour record amounts of money into new-age developing enterprises. According to statistics exclusively obtained by ET, the average financing size has climbed to $25.21 million in 2021, up from $14.94 million in 2020 and $18.41 million in 2019. Between January and April, there were 402 investment rounds, compared to 1,114 in 2020 and 1,036 in 2019.
This year’s average deal size is one of the highest in the prior five years. As the pandemic has compelled organizations and institutions all over the world to speed up digital adoption, a rising number of companies are raising larger rounds on the strength of positive feelings around the digital economy. Increased global liquidity has hastened the pace of investment even more. Investors are obtaining attractive exit strategies as industry leaders seek public listing through initial public offers (IPOs) or special purpose acquisition companies (SPACs), which is drawing even more local and global investors. Among the startups set to be listed are Zomato, PolicyBazaar, CarTrade, Nakao, Flipkart, and Delhivery.
Since March, India has seen roughly 13 startups achieve unicorn status, defined as a company with a worth of more than $1 billion. Market, CRED, Pharmeasy, Groww, Gupshup, share Chat, charge bee, Urban Company, and Moglix are some of the companies involved. Infra. The market became a unicorn earlier this year when Tiger Global, which had first invested in the company in December 2019, led a $100 million investment round with a four-fold increase in valuation over its previous round. With a valuation of $16.5 billion, tech company Byju has surpassed fintech giant Paytm’s $16 billion valuations as India’s most valued unicorn firm. According to CB Insights, Byju’s is the world’s 11th most valuable company as of June 2021.
There are 708 unicorns in the world, with a total value of $ 2319 billion. With a $140 billion valuation, Bytedance, the parent company of TikTok, is the most valuable startup in the world. Tennent Holdings, Lightspeed India Partners, and Sequoia Capital India are among Byju’s investors. It recently secured $350 million from UBS, Blackstone, the Abu Dhabi state fund ADQ, Phoenix Rising, and the founder of video conferencing firm Zoom, Eric Yuan. Paytm’s parent firm, One97 Communications, is valued at $16 billion by investors such as Intel Capital, Sapphire Ventures, and Alibaba Group. A unicorn company, often known as a unicorn startup, is a private company having a market capitalization of more than $1 billion. In June.
- Signzy – User trips can be made easier with interactive digital on boarding solutions. To reduce form filling and physical visits, we use the power of document reading, facial recognition, and multiple financial dataset integration. Signzy is a Bangalore-based firm that was launched in 2015. Signzy was founded by Ankit Ratan, Arpit Ratan, and Ankur Pandey to combine AI with block chain to develop user-friendly, compliant, and, most importantly, safe products. RealKYC, Digital Contracts, and ARI are the three main products of Signzy. In 2018, Stellaris and Kalaari invested over $3.6 million in Signzy’s Series a round.
Website: https://signzy.com/
- Ola Cabs – Ola Cabs is currently sweeping India. If you’re looking for a minicab in India, Ola Cabs is a great option. They’re presently competing with Uber, which pretty much sums it up! We have cabs to fit every budget, from sedans and SUVs to luxury automobiles for special events. Some of the tools we have in place to ensure a safe travel experience include verified drivers, an emergency alert button, and live ride tracking. Ola provides a membership program that allows you to ride a Prime Sedan for Mini prices, book cars at off-peak rates, and have zero wait time. Ola Share is the best option for low-cost travel. We have Share Express on selected fixed routes with 0% deviations for a speedier travel experience.
Website: https://www.olacabs.com/
- Dunzo – Dunzo is a Bengaluru-based all-in-one internet delivery platform. It claims round-the-clock super-fast deliveries. Google-funded Dunzo in a recent USD40 million fundraising round. In Bangalore, Pune, Gurgaon, Hyderabad, New Delhi, Chennai, and Mumbai, Dunzo offers hyper-localized delivery services. Why go out when you can have everything delivered to your doorstep at the touch of a button? Food, Groceries, Medicine, Pet Supplies, Fruits & Vegetables, Meat & Fish, Health & Wellness, Gifts, and Send Packages are all available through Bangalore’s most popular delivery app. From your neighbourhood Karana stores to your favourite brands, grocery shopping to that forgotten charger, we’ve got you covered.
Website: https://www.dunzo.com/bangalore
- Ola Electric – Ola Electric is a ride-hailing service offered by Ola, one of the world’s largest firms. Over the next 12 months, it hopes to put 10,000 e-rickshaws into service. Ola believes that electrification can enhance results for drivers, customers, and its business model, based on its EV experiment in Nagpur. Ola Electric, which was pre-programmed. We’re devoting all of our efforts to guiding the globe toward a more sustainable future. It is for this reason that we are constructing the world’s largest two-wheeler charging network. It’s known as the Ola Hypercharge Network, but it’s also known as a major leap forward in green mobility.
Website: https://www.olaelectric.com/
- Paytm Money – One97 Communications owns and operates Paytm, and Paytm Money is a wholly-owned subsidiary of One97 Communications. The company accepts direct mutual fund investments from all AMCs in India. The startup has gained a regulatory license to provide stock brokerage NPS services to its users and expects to begin doing so soon. In its quest to provide wealth creation chances to millions of Indians, Paytm Money aspires to become a full-stack investing and wealth management platform. Its 250-strong staff is based in Bengaluru and operates from there.
Website: https://www.paytmmoney.com/
- Byju’s – The firm recently made headlines when it was reported that it had raised USD150 million in capital from UBS, making it India’s most valuable startup. Byju’s was founded in Bengaluru in 2011. It is India’s largest tech platform, providing K12 students with world-class learning opportunities. Byju’s software successfully incorporates AI, data analytics, and other revolutionary technologies. BYJU’S is India’s largest end-tech firm and the inventor of the most popular school learning app in the country. BYJU’S, which was founded in 2015, provides highly customized and effective learning programs for students in grades 1 through 12 (K-12) and those preparing for competitive exams such as JEE, IAS, and others. BYJU has grown to become one of the most popular education platforms in the world, with 50 million registered students and 3.5 million paying subscribers.
Website: https://byjus.com/
- FreshMenu – We don’t only mean good food when we say well. A good burp, a good memory, a good attitude, a nice day and we understand that when our food leaves our kitchens, we are responsible for all of this. This faith in goodness is gratifying. Take a look at how we’re going to do it. Another delivery service is Fresh Menu. Within minutes, food will be prepared and delivered to you. In the year 2014, the company was established. When it comes to orders, they saw a threefold increase in 2016. This business is a shining example of how to expand.
Website: https://www.freshmenu.com/about
- Instamojo – Assist SMEs in becoming genuinely entrepreneurial Instamojo was the first in India to offer “On-Demand” payments and e-commerce over the web and mobile. Instamojo (Bangalore) was founded in 2012 and is India’s fastest growing full-stack retail platform, pioneering the democratization of payments and e-commerce for MSME businesses. Payment linkages, a free internet store, and sachet loans are the company’s main products. Instamojo’s business model revolves around the merchant. We offer vital digital services such as payments, e-commerce enablement, cataloguing, and compliance, as well as a variety of VAS such as logistics and loans, making it accessible and inexpensive for everyone.
Website: https://www.instamojo.com/
- Zomato – Our technological platform, which was launched in 2010, connects customers, restaurant partners, and delivery partners to meet their various demands. Customers use our platform to find and book restaurants, read and write customer reviews, see and upload images, order food delivery, book a table, and pay for their meals when dining out. We, on the other hand, equip restaurant partners with industry-specific marketing tools that enable them to interact and gain customers to develop their business while simultaneously offering a dependable and effective last-mile delivery service. In addition, we provide a one-stop procurement service.
Website: https://www.zomato.com/
- FreshToHome – This is a meat and fish-focused delivery service. The company, which was formed in March 2016, has developed to the point where it plans to expand to 20 locations by the end of 2017!
Website: https://www.freshtohome.com/
- Zest Money – It is one of India’s largest consumer lending fintech firms. Zest money was created in 2015 and allows clients without credit cards to pay for online and offline purchases in cheap EMIs. The startup accomplishes this through the use of mobile technology, artificial intelligence, and digital banking. It’s easy to sign up for a ZestMoney credit limit. All you have to do now is validate your cell number and you’re set to go! To activate your credit limit, complete your profile, submit the needed KYC documents, and set up your payback. Pay with your ZestMoney credit limit when you visit our merchant partner.
Website: https://www.zestmoney.in/
- Ninjacart – Ninjacart is a startup that aims to revolutionize the fresh produce supply system. Ninjacart’s revenue is mostly dependent on the commission it collects from the entire transaction because it takes on the risk of picking up fruits and vegetables from farmers and delivering them to tiny retail establishments. Farmers can get better payment because there are no middlemen involved and a guarantee of consistent demand, according to one business.
Website: https://ninjacart.in/
- Agnikul Cosmos – Agnibaan, which can carry up to 100 kg to orbits roughly 700 kilometers high, can reach both low and high inclination orbits and is movable, with the ability to launch from more than ten launch ports. Agnibaan is adjustable by the customer and is powered by LOX/Kerosene engines at all stages. Agnibaan does not always fly with the same amount of engines. The number of engines on the first stage would be determined by the mission, the satellite, and the launch port itself. Agnikul is a Chennai-based Indian aerospace manufacturing firm that was formed in 2017. The company’s goal, according to the firm, is to make space in India more affordable. In a pre-series A fundraising round, the business just raised INR23.4 crores. Agnikul is currently working on a satellite launch vehicle with a payload capacity of 100 kilograms.
Website: https://agnikul.in/#/
- MyGate – MyGate is a technology that is revolutionizing the way gated communities manage security. Residents can use the MyGate app to communicate with their neighbours, discuss community and society issues on internal discussion forums, manage visitors (guests, deliveries, cabs, and so on), keep track of their attendance and salary payments for daily help, discover services, and pay society maintenance bills, among other things. According to the creators, by the end of the year, the company will have served close to 7,000 gated communities.
Website: https://mygate.com/
- Razorpay – Customers’ payments should be accepted. Payouts to vendors and workers can be automated. Working capital should never be depleted. To solve for your specific business use case, mix and match items from Razorpay’s payment suite. Razorpay, India’s first full-stack financial solutions company, has a diverse product portfolio that addresses digital payment requirements. The company was started in 2014 by IIT Roorkee grads. Razorpay offers comprehensive business solutions based on cutting-edge technology.
Website: https://razorpay.com/#products-section
- KhataBook – The journey of Khatabook began in December 2018 intending to revolutionize bookkeeping for India’s SMEs. Khatabook is India’s fastest-growing SaaS firm, providing safe and secure digital business and financial solutions to help micro, small, and medium enterprises boost productivity and profitability. The Khatabook app, which is the company’s core product, is a digital ledger. The firm has also introduced Mysore by Khatabook, a digital shopfront platform, and Pagarkhata by Khatabook, a personnel and payroll administration tool, to help MSMEs digitize end-to-end business operations. The Khatabook software, which is run by Kite Technologies, provides a digital ledger to all small company owners in India.
Website: https://khatabook.com/
- Playment – This IT firm from Bengaluru is a data labeling platform. It provides a platform for the creation of high-quality datasets for the training of machine learning models. Payment, which was founded in 2015, works with over 200 machine learning teams in well-known firms. The GT Studio from Payment includes ML-assisted 2D and 3D labeling capabilities, as well as powerful APIs for simple pipeline integration. With ML-assisted tools, sophisticated project management software, a skilled human workforce, and more, Playment’s all-in-one data labeling platform enables ML teams to create high-quality training data.
Website: https://playment.io/
- Cure.Fit – CureFit is a platform that promotes a healthy power lifestyle and holistic healing in the areas of fitness, nutrition, and mental health. Through its three products, cult. fit, eat. fit, and mind. fit, the company provides both digital and offline fitness, nutrition, and psychological well-being experiences. Cure. The fit was established in 2016. It offers a smartphone app that takes a comprehensive approach to physical, mental, and physical wellness. Cult.Fit, Mind.Fit, and Care. Fit are some of their business verticals.
Website: https://www.cult.fit/
- CropIN – Data collection made simple using a smartphone app that tracks activities and milestones. Ensure that your field agents have access to efficient operations, lower expenses, and improved visibility at all times. Data collection made simple using a smartphone app that tracks activities and milestones. Ensure that your field agents have access to efficient operations, lower expenses, and improved visibility at all times. Farm management firms can make planned and responsive business choices using real-time actionable analytics. Businesses benefit from better production as a consequence of the predictability of output quantity and quality, as well as lower operating costs.
Website: https://www.cropin.com/about/
- OkCredit – OkCredit is part of the Ok network, which is a collection of apps targeted at helping small and medium companies (SMBs) in India become digital. The startup is tackling many pain points in the everyday running of small company owners, such as checking their finances, managing workers at their set-up, or the requirement to get online, with technology that is simple and quick to use. Harsh Pokharna, Gaurav Kumar, and Aditya Prasad released the Ok network’s first product, OkCredit, in 2017. OkCredit has given the traditional register book – the ‘Bahi/Udhar Khata’ – a complete digital makeover, making every day bookkeeping tasks easier and more productive for millions of small companies.
Website: https://okcredit.in/