The Indian startup ecosystem is said to be the third largest in the world and continues to attract investors from all over as business opportunities expand. Home of the largest e-commerce deal between Walmart and Flipkart, 31 unicorns and counting, and plenty of untapped opportunities – it shouldn’t be surprising that India has been the scene of some of the biggest startup success stories. And the impact of India’s most successful startups is not only being felt at home, but around the world, as the products and services of Indian startups find their way into international markets.
1. Ola Cabs
- Founded: 3 December 2010, Mumbai
- CEO: Bhavish Aggarwal (3 Dec 2010–)
- Headquarter: Bengluru
- Revenue: 2,222 crores INR (2018)
- Founders: Bhavish Aggarwal, Ankit Bhati
Ola Cabs is an Indian ridesharing company offering services that include vehicle rentals and food delivery. The company is based in Bangalore, Karnataka, India and was developed by ANI Technologies Pvt. Ltd. In October 2019, Ola was valued at around $ 6.5 billion. Various venture capitalists, including Softbank, have significant stakes in the company. Ola Cabs was founded on December 3, 2010 as an online cab aggregator in Mumbai, and is now based in Bangalore. In 2019, the company expanded to a network of over 15 lakh (1.5 million) of drivers in 250 cities. In November 2014, Ola branched out to incorporate automatic rickshaws on a trial basis in Bangalore. After the trial phase, Ola Auto expanded to other cities like Delhi, Pune, Chennai and Hyderabad from December 2014. In February 2020, Ola launched its taxi-hailing services with over 25,000 drivers registered.
2. Wow! Momo
- Founded: 2008
- Revenue: 135 crores INR (2017–2018)
- headquarter: Kolkata
- Founders: Sagar Daryani, Binod Homagai, Sagar J.
Wow Momo Foods BD is a franchisee of Wow Momo Foods China and a chain of restaurants specializing in momos, dumplings, popular in Nepal, China, parts of Tibet and India. You will find branches in Delhi, Chennai, Kochi, and many other spots. Wow! Sell burgers, Tibetan food and just about anything you can imagine. You will never go hungry when a Wow! Branch is nearby!
- Headquarters: Bangalore, Karnataka, India
- Year: 2007
- No. of Employees: 25K+
- Revenue: INR 43,615 crores (US$6.3 billion), 2019
Flipkart is an e-commerce company headquartered in Bangalore, Karnataka, India and registered in Singapore. The company initially focused on selling books before expanding into other product categories such as consumer electronics, fashion, staples, groceries and lifestyle products. The service mainly competes with the Indian subsidiary of Amazon and Snapdeal, its national rival. As of March 2017, Flipkart had a 39.5% market share of the Indian e-commerce sector. Flipkart has a dominant position in the apparel segment, bolstered by its acquisition of Myntra, and has been described as “neck and neck” with Amazon in the sale of electronics and mobile phones. Flipkart also owns PhonePe, a mobile payment service based on the Unified Payments interface. In August 2018, US retail chain Walmart acquired a controlling 81% stake in Flipkart for US $ 16 billion, valuing Flipkart at $ 20 billion.
- Headquarters: Noida, Uttar Pradesh, India
- Year: 2010
- No. of Employees: 9K+
- Revenue: INR 3,579 crores (US$500 million), 2019
Paytm is an Indian e-commerce payment system and financial technology company based in Noida, Uttar Pradesh, India. Paytm is currently available in 11 Indian languages and offers online use cases such as mobile top-ups, utility bill payments, travel, movies and event bookings as well as in-store payments in grocery stores, fruit and vegetable stores, restaurants, parking, tolls, pharmacies and educational establishments with the Paytm QR code. California-based PayPal filed a complaint against Paytm with the Indian Trademark Office for using a logo with a color combination similar to its own on November 18, 2016. As of January 2018, Paytm was rated at 10 billions of dollars.
- Founded: 2015
- Offices: Gurugram
- Total Funding: $7 Million
Myra is an online pharmacy. Their selection of medicine can be delivered to your home at a rapid rate. The company deals with over 1,000 transactions daily. They are backed by big investors, and are making a lot of money at the moment. Online pharmacy Medlife has acquired Bengaluru-based drug distribution start-up Myra in an all-in-stock transaction, indicating the first signs of consolidation in India’s overcrowded e-pharmacy industry. After the acquisition, Medlife will have access to Myra’s express delivery segment and will expand the service to 22 cities in the coming months.
- Founded In: 2015
- Offices In: Gurgaon, Haryana
- Total Funding: $48.8 Million
Founded in 2015, Shuttl is the largest office shuttle service provider in India. With a mission to solve the pain of the commute, Shuttl offers a space-saving, safe and cost-effective solution for urban India. Shuttl has demonstrated its ability to simultaneously meet the double challenge of congestion and pollution. The company is catalyzing the shift from private vehicles to shared mobility – a win-win solution for citizens and cities. It also stimulates entrepreneurship by providing bus owners on its platform with the latest technology, better financing and appropriate training, to help them scale and participate in delivering a smarter solution. , safer and greener for bus users. Today, Shuttl serves over 1,00,000 trips per day in seven cities including Delhi-NCR region, Mumbai, Kolkata, Pune, Chennai and Hyderabad. It covers more than 350 long journeys and operates a fleet of 2000 buses.
- Founders: Nirmit Parikh
- Headquarters Regions: Asia- Pacific
- Founded Date: 2019
Apna, an app startup that aims to connect millions of bottom-of-the-pyramid workers with employers amid India’s lockdown devastation, has raised $ 8 million from a handful of investors. The funding, from new investors Greenoaks Capital, Rocketship VC as well as existing backers Lightspeed India and Sequoia Capital, will help the app expand to more cities. He also wants to develop in vertical sectors such as accounting, customer service. The startup, founded by Apple Inc. alum Nirmit Parikh, is a sort of LinkedIn for non-English-speaking, poorer Indians. The app helps first-time internet users access job opportunities by entering their name, age, and skills to generate a virtual “business card” that’s shared with potential employers. Less than a year after its December launch, Apna has 1.2 million users.
- Headquarters: Bengaluru, Karnataka`
- Type: Privately Held
- Founded: 2014
Avataar.me, a 3D and Augmented Reality software that helps enterprise customers create immersive shopping experiences for end-users, has raised $7 million from Sequoia Capital India. … Spends on AR tools for creating social engagement for brands along with ‘try-before-you-buy’ experiences is expected to grow 10X by 2023. Avataar’s industry-independent platform enables scalable product discovery, empowering brands and stores to change the way consumers discover and interact with their products online. We work with e-commerce, consumer electronics, automotive OEMs and FMCG majors in the United States, India and Southeast Asia – driving significant ROI results for renowned brands in these industries by enhancing the experiences of XR and AR consumers across all their touchpoints – social, web, and in-app.
Address:Level 4, 2nd Floor, A-41, Espire Campus, Mohan Cooperative Industrial Estate, New Delhi, Delhi 110044
bijnis.com is digitizing the Factories of the unorganised industries and is backed by Sequoia Capital, Matrix Partners ,Infoedge (Naukri) and WaterBridge Ventures. bijnis is India’s most trusted online wholesale sourcing platform for retail shops. Retailers can buy in bulk directly from the sellers (Manufacturers & Wholesalers) with the bijnis App right from their phone without any hassle of price negotiation, quality assurance and payment security.
- Address: Cashfree Payments India Pvt. Ltd, 612/1, 4th Floor, 80 Feet Rd, Koramangala 4th Block, Koramangala, Bengaluru, Karnataka 560034
- Founded Date: Jul 2015
- Founders: Akash Sinha, Reeju Datta
Cashfree is a payments and banking technology company that enables businesses in India to collect payments online and make payouts. Cashfree enables more than 50000 businesses with payment collections, vendor payouts, wage payouts, instant loan disbursements. Cashfree customers include leading internet companies such as Cred, BigBasket, Zomato, HDFC Ergo, Ixigo, Acko, Zoomcar, and Delhivery among others. Cashfree was founded in 2015 by Akash Sinha and Reeju Datta, based in Bengaluru, India.
- Address:215, Vipul Trade Center, Sector 48, Gurugram, Haryana 122018
- Headquarters : Gurgaon
- India Founding Date : 2017
- Core Team : 1. Vipul Sharma Founder & CEO, Rajat Kumar Co-founder & COO
- The Gurugram based startup Chqbook is a marketplace for small business owners, offering them products around lending, credit cards, insurance, accounts, and rewards. It offers over 60 products with zero-fee and negotiated rates and has served over 200,000 customers across 20 cities. The company has been backed by the likes of YouWeCan Ventures and Aavishkaar Venture Capital.
CoinDCX, a cryptocurrency exchange that has raised $19.4 million till date, plans to use the latest fudning to drive crypto adoption in India with new products. Cryptocurrency exchange CoinDCX raised Rs 100 crore in a Series B funding round led by Block.one and including DG, Jump Capital, Uncorrelated Ventures, Coinbase Ventures, Polychain Capital, Mehta Ventures and Alex Pack. CoinDCX plans to use the newly raised funds to boost crypto adoption in India with new products, according to a statement released Tuesday. The funds will also help attract and retain new talent and support the growth of the “hockey stick” in 2021, he added.
Codingal’s mission is to provide coding training to every student from Kindergarten to Grade 12. Coding helps improve logical thinking and problem-solving skills by 70% in children at a young age, also allowing them to perform better in other subjects in school. Plus, coding jobs are the future. They already represent over 60% of all jobs in science, technology, engineering and math. While still in school, those who start young will be ahead of everyone else by the time they enter college. They will be the creators of the future. Learning to code at a young age will inspire more children, including girls, to take up computer science as a major when they enter college. Today’s schools and traditional education systems are not equipped to provide children with the right coding education. Codingal is here to change that and give every student the tools, content and live coding lessons to start learning to code and creating whatever they can imagine.
Classplus enables offline coaching institutes to create their own online coaching brand.
Educators are real-life superheroes. The private coaching segment is the backbone of the Indian Education system today and it is hard to imagine a world without tutors. We are on a mission of leveraging technology to help educators increase their efficiency, boost their customer experience, and grow their business. In a world that demands innovation, we are blending ambition, energy, science, and customer understanding to create India’s largest educator-focused company.