India is a diverse nation with vibrant energy in every aspect. The same goes for the best startups in India. They are as varied and numerous as anything else in this nation.
How many startups are there in India? The total recognised startups in India rose from 471 in 2016 to whooping 72,993 as on 30th June 2022. The Indian economy is one of the largest and has been among the fastest-growing economies in the world.
Let’s take a look at the top startups in India:
- Ola Cabs
- Blue Dart Express Limited
- WOW! Momo
- OYO Rooms
- Treebo Hotels
- The Minimalist
- Nine Leaps
- Mobile Premier League
- Innov8 Coworking
- Skit.ai (Formely: Vernacular.ai)
- Mu Sigma
- Zest Money
- Loan Frame
- Acko General Insurance
So, without further ado, Let's dive straight in.
Transport and Logistics
1. Ola Cabs
Ola cabs were founded in the year 2010 and has been among the most successful start-ups in India. Based in Bangalore, Karnataka, India, Ola is a significant competitor for Uber.
- Ola goes a step further than offering just cab services; they offer buses, bikes, and delivery as well.
- Forty-four different investors have contributed to a total investment funding of US $ 3.8 billion.
- The company has garnered tremendous success and focuses on the age demographic of 20-45 years old as their ideal customers being financially independent professionals and students.
- Ola has recently expanded into electric scooters and has had a fantastic response from its customers.
- This top Indian start-up employs between 5001 to 10000 employees, according to their LinkedIn profile.
Delhivery, headquartered in Gurugram, focuses on e-commerce logistics and delivery. The company was founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati.
- The organisation’s target audience encompasses all sellers, offline and online, and e-commerce companies.
- They are also taking over a fair share of the express delivery and package movement sector.
- According to Crunchbase, the organisation has received funding of US $ 1.4 billion to date.
- As per their company website, their team size is well over 43,000.
Shuttle is another transportation-related app. The company allows users to book public transport in advance.
- The organization was founded in 2015 by Amit Singh and Deepanshu Malviya and is based in Gurugram.
- The organization targets people who use urban public transport and aims to help make public transport more organized.
- The app is available for use across six metro cities in India.
- The company has received a total fund of US $ 48.8 million so far.
- As per Craft.co, the company employs about 340 people.
4. Blue Dart Express Limited
Blue Dart, a top Indian start-up is listed at INR 6470 crores as of today.
- The logistics and courier delivery company is headquartered in Mumbai, India.
- It was founded in 1983 by Khushroo Dubash, Tushar Jani, and Clyde Cooper.
- According to Crunchbase, the organization employs over 10,000 people
- And its target audience is consumer to consumer, business to consumer, and business to business.
Cars 24 is an Indian start-up that helps owners sell their used cars quickly and easily.
- The company is based out of Gurugram and was founded in 2015.
- The founders are Vikram Chopra and Mehul Agarwal.
- According to Failory.com, the company has received a total funding of US $ 61 million.
- Their LinkedIn profile shows that they have between 1001-5000 employees currently.
- The Indian start-up has seen sudden growth and has 205 branches across 182 Indian cities.
Revv is one of the best start-ups in India, offering rental cars to those interested in driving themselves. The company has found success by providing both round-trip rentals and one-way rentals. They also have monthly car subscriptions.
- The company also offers rentals of cars from various segments, ensuring that it is accessible and affordable.
- Like many Indian start-ups on this list, the company was founded in 2015 by the duo Anupam Agarwal and Karan Jain.
- Located in Gurugram, India, the company employs about 192 people as per Craft.co estimates.
Food Service Startups of India
Among the most successful start-ups in India, Dunzo has achieved immense growth since being founded in 2015.
- The Indian start-up was founded by Kabeer Biswas, Ankur Agarwal, Dalvir Suri, and Mukund Jha.
- The company’s target audience consists of those that need goods delivered as quickly as possible within a city. It could be an important document or a wallet forgotten at home.
- The company reportedly employs 1,142 people across Indian cities. The organization has received funding that comes up to a total of US $ 29.6 million.
Swiggy, started by acting as a restaurant delivery partner and has expanded into grocery and general goods delivery.
- The company was founded in 2014 by Sriharsha Majety, Nandan Reddy, and Rahul Jaimini.
- Their target audience is those between 18 and 35 who own a smartphone and have become comfortable using apps.
- The Bangalore-based start-up has easily been one of the most successful start-ups in India. So its place in the unicorn start-ups of India is well deserved.
- Swiggy has about 5000 employees and further employs over 200,000 delivery executives across 500 Indian cities.
- According to Crunchbase, this start-up unicorn has garnered a total funding amount of US $ 3.7 billion so far.
Another one of the top start-ups in India is Zomato, which was founded in July 2008 and now is a publicly listed company. It's a bit older than Swiggy and has a significant following.
- However, as is the case with Swiggy, Zomato also targets customers between 18 to 35.
- It was founded by Deepinder Goyal and has received a funding of US % 755.6 million to date.
- According to their LinkedIn profile, the company employs over 5000 fixed employees and has over 350,000 delivery executives working with them.
Ankur Goyal and Sheta Mittal founded &Me in 2017. One of the best start-ups in India, &Me offers especially curated healthy, Ayurvedic food and nutrition.
- The company’s target is women who are looking to eat healthier and live a healthier lifestyle.
- According to Crunchbase, the company has received US $ 2.1 million funding so far and employs between 11-50 people.
Food and Beverage Startups of India
11. WOW! Momo
The company, WOW! Momo was founded in 2008 by Sagar Daryani and Binod Homage.
- The company has branches in 17 cities across the nation and serves up delicious Tibetan food.
- The company has received total funding of US $ 470 million and employs about 2,700 people.
- Their target audience has been students and working professionals looking to get a quick hot meal on the go.
Pankaj Aswani founded CoolBerg. The Mumbai-based company has soared to the top of the list of best start-ups in India.
- The company is focused on non-alcoholic beer to make social drinking for teetotaller millennials more pleasant.
- They offer beverages in a variety of flavours.
- The company was founded in 2016 and has received funding of US $ 3.5 so far.
- According to craft.co, they employ about 142 people at the moment.
Hospitality & Agriculture Startups of India
13. OYO Rooms
Oyo Rooms have made a name for themselves. It is, without a doubt, among the best start-ups in India.
- Founded by a young Ritesh Agarwal in 2013, the company offers comfortable rooms across the country at affordable prices.
- Their target has been those that travel excessively for business. They also offer luxury and holiday accommodation.
- Oyo now has around 13,000 hotels that are franchised or leased by the brand. That accumulates to well over 450,000 rooms.
- This start-up also has a reported 10,000 employees involved in their functioning.
- According to Crunchbase, the company has received over US$ 4.1 billion in total funding over the years.
14. Treebo Hotels
Treebo Hotels was founded by Sidharth Gupta, Rahul Chaudhary, and Kadam Jeet Jain in 2015.
- They have managed to raise US$ 557 million to date, making it one of the best start-ups in India.
- A comparatively new start-up in India, the company has over 600 hotels across 133 Indian cities.
- The company has grown to a size of more than 500 workers.
- The customers that they have been targeting are the middle-income group and corporate professionals.
CropIn was founded by Krishna Kumar in 2010.
- The company operates out of Bangalore, India and offers employment to around 250 people.
- The agri-tech start-up has won numerous awards for its efforts.
- It helps make farms and agriculture-based businesses digital. They leverage tech such as remote sensors, artificial intelligence, and analytics to improve the efficiency of agricultural processes.
- The company has thus far received investments of US $ 32.6 million dollars.
IT and Other Business of India
16. The Minimalist
The Minimalist helps design and consults to help businesses plan their growth and brand communication.
- The company was founded by Chirag Gander and Sahil Vaidya in 2015.
- The company came to existence due to its success on social media, where it created top-notch viral content.
- The company is relatively small, employing 104 people as of now.
- The target audiences are young businesses and more mature businesses that are attempting to revive their image.
- According to Crunchbase, the company has received funding adding up to US $ 1.1 billion.
17. Nine Leaps
The company, NineLeaps, founded in 2014 by Divvy Shrivastava and Vivekanand Jha, focuses on enabling start-ups in India to align themselves with technology and bring about digital transformation.
- The business is headquartered in Bangalore, India.
- According to Growjo, the company now has 361 employees.
- The company has received total funding of US$ 4 million since its inception and continues to grow.
18. Mobile Premier League
The gaming company, Mobile Premier League, was founded in 2018 and has seen tremendous growth in a short time, making it an addition to the unicorn start-ups of India.
- The company also owns Gaming Monk Entertainment Pvt limited.
- It was founded by Kiran Sai in 2018 and is another unicorn start-up in India.
- Their immense success has allowed them to garner US $ 375 million in funding. And they're valued at over a billion dollars getting them into the list of unicorn startups of India.
- They also employ about 500 workers, according to rocketreach.co.
Founded in 2011, CraftsVilla is an e-commerce fashion start-up.
- Based in Mumbai, India, the company offers a platform for boutique designers and individuals to sell their designs.
- CraftsVilla focuses on Indian fashion, such as sarees.
- Founded by Bhavik Jhaveri, Manoj Gupta and Saravjeet Chandra, the company provides jobs to about 250 people.
- They have managed to accumulate total funding of US $ 62.7 million till date.
20. Innov8 Coworking
As the name suggests, Innov8 Coworking offers premium co-working spaces for businesses that don’t necessarily see the need for significant investments in infrastructure and don’t want the hassle of maintaining and managing them.
- The company was founded a mere six years ago, in 2015, by Ritesh Malik and operated out of New Delhi.
- The company currently has 200 employees and is considered among the top Indian start-ups in the co-working arena.
- At the moment, the company sits at a total funding of US $ 4 million.
The digital and creative marketing space is seeing more companies like Schbang.
- Founded in 2015, the company based in Mumbai, India, has worked its way up the ladder and has some impressive names in its client list.
- The company was founded by Harshil Karia, Sohil Karia, and Akshay Gurnan and currently has more than 500 employees.
- The company covers everything in the digital marketing space, making it a perfect fit for the list of top start-ups in India.
- There isn’t any information as to whether the company has received any external funding.
- However, it does rake in a reported US $ 118.8 million annually, according to Growjo.
22. Skit.ai (Formely: Vernacular.ai)
Vernacular.ai, now known as Skit.ai, was founded by Akshay Deshraj, Manoj Sarda, and Saurabh Gupta out of Bangalore, India.
- The company employs between 51 to 100 people at the moment.
- The business provided automated contact center solutions that use artificial intelligence, machine learning, and conversational AI to provide customer service and support.
- Started in 2016, the company has managed to raise US $ 5.1 million in funding so far.
23. Mu Sigma
Mu Sigma offers data analytics services to companies of all sizes. It was founded in 2004 by Dhiraj Rajaram and operates out of Bangalore, India.
- Their main customers are in the retail and CPG sectors, and they have done well for themselves having raked up well-known names under their belt of client names.
- The company employs over 3500 people and has received a total funding of US $ 211.4 million, according to Crunchbase.
- They're also valued at over a billion dollar and are hence an unicorn start-up.
Bhavin Turakhia founded flock in 2014. The company is a messaging and collaboration tool that focuses on increasing productivity and reduces distractions for employees.
- Flock has offices in Mumbai and Bangalore, India, and as per their LinkedIn profile, they have between 51 to 200 employees.
- Their current client base consists mainly of start-ups in India and companies that are in the early stages.
- They are looking to target more mature companies soon.
- The company has received a total funding of US $ 45 million to date and is set on a path for growth.
At the top of the list of unicorn start-ups in India is InMobi. The company leverages the fact that the number of smartphone users is increasing, and access to faster, more reliable internet is becoming easier to access across the country.
- The company was founded by Naveen Tewari in 2008 and operates out of Bangalore, India.
- The company is home to approximately 1500 employees.
- They have managed to secure funding of US $ 320.6 million thus far.
FinTech Startups of India
26. Zest Money
Zest Money, aims to bring non-credit card users onboard an online payment system for EMIs and loans.
- The company was founded in 2015 and is located in Bangalore, India.
- The business was founded by Priya Sharma, Ashish Anantharaman, and Lizzie Chapman, and according to craft.co has over 300 employees.
- The company is another one of the top start-ups in India and has managed to procure funding to the tune of US $ 14.9 million.
Harshil Mathur and Shashank Kuma founded Razorpay in 2013. The company offers payroll solutions for companies and is an excellent solution for small and medium businesses and enterprises.
- The company is located in Bangalore, India, and offers employment to over 300 employees, according to Craft.co.
- They have managed to raise US $ 31.7 million in funding and are growing at a rapid rate.
28. Loan Frame
Loan frame was founded in 2015 and definitely should be on the list of best start-ups in India. The organization provides loans to small organizations and provides working capital for businesses struggling to organize finances.
- Shailesh Jacob founded this company, and it operates out of New Delhi, India. To date, they have received a total funding of US $ 2.1 million.
- The company provides jobs to 51-200 employees as per their LinkedIn profile.
Cred was founded in 2018 by Kunal Shah. The company has gained popularity owing to their quirky and out-of-the-box advertising strategies.
- The company aims to help credit card users pay their bills on time and in return, gives them reward points that can be redeemed.
- The company is based in Bangalore and employs between 251 to 5050 people.
- The organization has received a total funding of US $ 471.2 million.
30. Acko General Insurance
Varun Dua founded Acko General Insurance in 2016 and operates out of Mumbai, India. The company provides insurance for cars, bikes, electronics, and health.
- They have made a name for themselves by offering lower premiums than many of their competitors.
- As per craft.co, they had over 350 employees as of 2019. The company has received total funding of US $ 107 million since they started.
- The private insurance company’s primary customer base includes smartphone users who are comfortable using apps and making purchases online.
InCred leverages tech and data science; the company makes borrowing straightforward and quick.
- Bhupinder Singh founded the company in 2016 and operates its HQ out of Mumbai, India.
- The company has been focused on delivering its customers an excellent borrowing experience.
- Owler states that InCred currently employs over 1200 people across India. In addition, the company managed to garner funding worth US $ 116.9 million.
- Its business model and innovative strategies make it one of the best start-ups in India.
EdTech Startups of India
Vedantu was founded by Vamsi Krishna, Pulkit Jain, Saurabh Saxena, and Anand Prakash in 2011 and has seen steady growth.
- This online education platform targets students in grades 6 to 12 and college-goers. The platform has live coaching and uses interactive learning methods.
- The post-pandemic hiatus in schools, without doubt, spurred its growth.
- Based out of Bangalore, India, the company employs about 4360 employees.
- It has managed to secure funding of US $ 21.6 million thus far.
Founded by Zishaan Hayath and Hemanth Goteti, Toppr functions out of Mumbai, India.
- The target audience has been students from grades 8 to 12 and those looking to participate in JEE and NEET exams.
- This start-up in India has grown immensely since its inception in 2013.
- According to Growjo, the company offers employment to 2139 people at the moment.
- The company is set to continue growing, having secured a total funding of US $ 65.1 million.
HealthTech Startups of India
1Mg caters to patients who prefer to make purchases of prescription medicines online without making a trip to the pharmacy. They also offer diagnostic and lab testing services that can be ordered online.
- The online pharmacy was established in 2015 by Prashant Tandon, Vikas Chauhan, and Gaurav Agarwal and is headquartered in Gurugram, India.
- The company employs more than 1250 people, according to craft.co.
- A report in the Economic Times states that the company has received between US $ 100-120 million in funding.
Cult.Fit was founded in 2016 by Ankit Nagari and Mukesh Bansal. This healthcare technology start-up company aims to make health and fitness more fun and accessible using a combination of offline and online resources.
- Cult.Fit also offers mental wellbeing services such as yoga and meditation and nutrition awareness and assistance.
- Based in Bangalore, India, the company has received total funding of US $ 404.6 million thus far and employs between 101 to 251 employees.
Q1. Which is the most profitable startup in India 2022?
Out of 100+ Unicorn startups in India, only 23 of are profitable. Here's a list of 10 most profitable startups in India:
- Zoho Corp
- Mu Sigma
Q2. Which are top 10 startups in India 2022?
These are the top 10 startups in India:
- Digit Insurance
There are a lot more startups that are making a difference in people's life. This is a list of some of the successful startups in India you should keep an eye on.