India is an incredibly unique environment for startups and entrepreneurship in general. The startup environment of the country also has a major dichotomy between highly funded companies and those struggling to raise capital.
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 programs. You will be surprised to know that India is presently home to 26 unicorns with 5 new unicorns joining the club in 2018.
The impact of India’s most successful startups is not just felt in India, but across the world, as Indian startup is not just felt in the country, but across the world, as Indian startup products and services cross over to the global market.
Let’s have a look at these top Indian startups that are doing it great:
BYJU’S offers multiple online secondary and senior secondary courses suited to the Indian schooling system. It brings various study material competitive examinations like IAS, CAT, GRE, study material from Class IV to Class X for CBSE/ICSE students and learning modules for pre-school children.
Delhivery is a logistics unicorn and is the brainchild of Sahi Baura, Mohit Tandon, and Suraj Saharan. It was launched in 2011 with an objective to disrupt the logistics supply chain market in the country. The startup provides services in about 600 cities in 8,500 pin codes in India. It has 12 fulfilment centres for B2C fulfilment centres for B2B and B2C services.
Freshworks was founded in the year 2010 by Girish Mathrubootham. Mathrubootham has taken Freshworks from strength to strength since he founded it in 2010. Today, the startup company is a member of the burgeoning unicorn cloud of India and is valued at $1.5. Freshworks has been revolutionary in integrating technology with SaaS and is headquartered in San Bruno.
Paytm started as a digital wallet, it has morphed and taken on new verticals within payments many times over the years. To its credit, Paytm has managed to keep its services relevant and compliant to the changing regulatory and fintech trends. Present-day, it has 130 Mn active users today and besides individual payments and transactions, customers can pay bills for utilities, transfer funds to other bank accounts, movie tickets and more.
Started its operations in Bengaluru’s venerable Koramangala neighbourhood in 2014, Swiggy covered just one neighbourhood with six delivery executives and 25 partner restaurants. It brings a complete food ordering and delivery solution from a wide range of restaurants to the urban foodie. Today, it has over 2.1 lakh active delivery partners and processes.
Incepted in 2008, Flipkart was founded by Sachin and Binny Bansal with a sum of $6,000. It went on to become one of the largest ecommerce startups in India and is now valued at a whopping $20 Bn. The company has various milestones in its decade-long journey, one of the biggest being the $16Bn investment by Walmart making it the largest e-commerce deal in the world.
Wow! Momo is a famous food chain that is flourishing ever so fast in India. It has branches in different parts of the country including Delhi, Kochi, Mumbai, Chennai, and other spots. The company sells burgers, Tibetan food and just about anything you can.
One of the best CRM and patient management platforms, DocTalk empowers doctors to develop a better relationship with their patients but also provides patients a better quality of care with more timely automated follow-ups. The headquarter of the startup is in Hyderabad and total funding $5MM.
I am sure I have missed quite a few prolific, fast-growing, still-small-ish Indian startups. Just let me know in the comment section below.