The Best Indian Startups Revolutionizing the Market

With the steady growth of the Indian economy, numerous startups have entered the market, and some of them are gaining recognition from the consumer market and hundreds of investors from all over the world. In this tutorial on the best Indian startups, you will look into some of the most famous and successful startups in the Indian consumer market. Let's start!

List of the Best Indian Startups

1. BoAt

Founders: Aman Gupta and Sameer Mehta

Started in: 2016

BoAt is an Indian-origin company that markets high-quality audio devices and smartwatches. The company is among the top 5 audio system manufacturers globally for its product’s performance and durability. The company assets are estimated at around $10 Billion and increasing at an astounding rate.

2. Paytm

Founders: Vijay Shekhar Sharma

Started in: 2010

An Indian-based company revolving around online payment services, financial services, and e-commerce. Paytm is estimated to have nearly 20 million active users that accept Paytm as their payment mode. The company has become one of the top fintech companies in the world, with an estimated value of $16 Billion in value.

3. Meesho

Founders: Vidit Aatrey and Sanjeev Barnwal

Started in: 2015

Meesho is an Indian-origin e-commerce company that has garnered positive responses from business owners from all over India. It allows businessmen to approach their customers directly instead of going through various transport channels.

The company is estimated to be of value around $4.9 Billion. The major investors in the company include Fidelity Management and B Capital.

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4. OLA

Founders: Ankit Bhati and Bhavish Aggarwal

Started in: 2010

Ola is a cab-related services provider startup company founded in 2010 based out of Bangalore. Along with providing cab services, it also provides services for bike rides, taxis, and local transportation. Ola has an investment funding of roughly $3.8 Billion from a number of firms and investors in nearly all the major countries.

5. Udaan

Founders: Amod Malviya, Vaibhav Gupta, and Sujeet Kumar

Started in: 2016

Udaan is an online startup company specializing in manufacturing goods, trade professions, and wholesale channels. This provides the consumer with all the business options in one place. Currently, the company is estimated to have gained nearly $1.2 Billion as an investment in just a few years of operation.

6. PharmEasy

Founders: Dharmil Sheth

Started in: 2015

PharmEasy is an Indian-based healthcare industry founded in 2015 that provides healthcare delivery services to consumers and healthcare industries for sample acquisitions and transport. The company has attracted massive attention from investors, gaining roughly $651.5 Million for current and future projects.

7. CRED

Founders: Kunal Shah

Started in: 2018

CRED is a Bangalore-based Indian startup company. It provides credit card services to the customers by providing various incentives on billing through credit cards. The company is estimated to have gathered funding of $472.1 Million and has attracted numerous investors for the company.

8. Cult.fit

Founders: Mukesh Bansal and Ankit Nagoriin

Started in: 2016

Cult.fit is a healthcare and fitness startup based in Bangalore, India. The company provides its consumers with fitness-related services and tailored made programs for individuals to help maintain their bodies and health.

The company has gathered nearly $404.6 Million by attracting numerous investors, including a multinational company such as Unilever among them.

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9. Razorpay

Founders: Shashank Kumar and Harshil Mathur

Started in: 2014

Razorpay is a company that provides a secure and efficient channel and platform for individuals and companies to make online payments. The firm has received a large amount of funding from various investment groups, estimating roughly $366.6 Million.

10. Digit Insurance

Founders: Kamesh Goyal

Started in: 2017

It is an insurance sector startup company in India that provides services related to the insurance market with its primary target as general consumers. They also suggest to their customers various insurance policies, including pricing matters, risk management, and other related information. 

The company has garnered attention from investors, raising the current value to $244.5 Million in the market.

11. Vernacular.ai

Hailing from Bengaluru since 2016, Vernacular.ai is an AI-enabled startup providing multilingual chatbots in most local languages for easy user interaction. According to India times, the dubbed VIVA chatbot recognizes over 160 dialects and has excellent automation accuracy to bridge the communication gap.

12. Groww

True to its name, Groww is a constantly booming stockbroking startup that grew from Former Flipkart employees in Bengaluru. According to Business insider, the startup ranked 250th among popular fintech companies worldwide in just four years, with over 10 million registered users across 900 metropolises with its critical focus on Financial education content. Incurring millions of assets, Groww strives to embark on deposits, credit, and US stocks in the coming months. 

13. Nykaa

Hailing from Mumbai since 2012, Nykaa is a home-grown e-commerce startup store selling beauty, wellness, and fashion products offline and online. 

The company aims to meet the growing demand for cosmetics for teenagers and young adults. It also strives to expand into the innerwear segment of men and women to rule the personal care space. 

14. DREAM 11

This is India's massive fantasy game startup since 2008. The founders, being football fans, wanted to spark other sports lovers to immerse themselves in their favourite games. The company has some ground-breaking highlights in its startup career journey, scaling up the Unicorn club with a billion-dollar asset. And since 2015, there has been a one million user sky hit for these games, with eight crore additional users recently. 

15. Swiggy

Swiggy, one of the viral food ordering and delivery chain platforms that started in Bangalore in 2014, aims to simplify people's lives with its quick pick-and-drop food facilities nationwide. And currently, they are expanding to become an AI (Artificial Intelligence) first product.

16. Instamojo

Since 2012, this startup has been considered the best payment processing solution for many SaaS-based businesses. It offers numerous online payment methods to online stores and the ability to customize and manage the gateway through mobile and web.

They aim to build a data-rich economy and uplift the standards of small businesses in the online forum. Recently, the company has attained a massive milestone of authorizing 1 million merchants on the platform. 

17. Postman

This startup platform is a host for building and using APIs. Founded in 2014, its headquarters is located in San Francisco. The forum offers simplified steps to develop APIs and streamline collaboration to create better APIs - faster.

Starting from the API protocol called REST, it has now grown into GraphQL and SOAP, with increasing demands for additional categories. So, if you wish to build a career in API development. 

18. Delhivery

This startup is currently India's one-stop solution to logistics problems for many businesses. It was born in 2011 as a courier unit for e-commerce firms like Myntra and Snapdeal. And today, it has over 5,000 people with over $1 billion in valuation due to the growing demand for online shopping in India. 

19. Slice

Targeting the younger generation, this Bengaluru-based fintech startup aims to redesign the financial experience by minimizing credit card woes through a simple, innovative, transparent financial platform.

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20. InMobi

This mobile advertising startup meets the needs and requirements of companies to advertise on mobile devices quickly, efficiently, and innovatively. It broke through the market in 2008, having a brand presence in over 200 countries and an adaptable platform and business model uniquely suited to each market.

Its success is due to its capacity to identify new customer bases and boost revenue. Presently, InMobi has become the epitome for Indian startups to upscale and compete with the world. 

21. Practo

Stealing the limelight of the healthcare industry, Practo has become a Bangalore-based online doctor consultation platform to find the best doctors and book appointments and consultations for better healthcare decisions and treatment. It has established its presence in 15 countries and strives to find new ways to save or keep reports and other medical prescriptions.

22. Skyroot Aerospace

Identified as the first Hyderabad startup by former ISRO scientists to test a rocket engine in India, Skyroot is the ultimate private company to push the boundaries of Aerospace technology to transform human lives. Founded in 2018, it has built a home-grown rocket engine and manufactured three launch vehicles: Vikram-1, 2, and 3. 

23. LivSpace

Headquartered in Singapore since 2014, this modern home interior and renovation company provides services for homes in and out of Singapore. They remake homes with a team of certified designers with the latest designs; the entire process is digital. 

This startup is one of India's ushering suppliers of home automation products. Over 5100 homes have benefitted from using this platform.

24. Ather

Known as India's best electric vehicle manufacturing company since 2013, Ather produces zero-maintenance, high-performance, and intelligent electric vehicles. Operating from its experience centres, they build vehicles from scratch with unparalleled rides powered by intelligence to offer a complete customer ownership experience.

25. PhonePe

With the intent of cashless transactions, PhonePe has become one of the prominent exponents of the digital wallet sector in India. This app has made a million Indian lives simple by helping make grocery payments, phone recharge, utility bill payments, etc. According to reports, its Singapore headquarters will soon be relocated to India. 

26. Licious

This is the foremost Bangalore-based meat delivery facility provider in India. Founded in 2015, the startup has crossed many hurdles to supply for the non-vegetarian population of India. They highly benefitted from the pandemic by making customers relax at home for meat purchases. Currently, they are expanding globally and to over ten cities.

27. PolicyBazaar

Starting its journey in 2018 from Gurugram, PolicyBazaar has ranked second in the Indian unicorn list for its fantastic platform that allows analyzing, buying, and comparing insurance based on quality, price, and other core features. In addition, they aim to bring accountability and transparency to the Indian insurance policy segment through the platform. The platform has unique features, like downloading a policy, asking for clarification, raising a ticket, and upgrading policies to provide a seamless customer experience. Besides, the app is compatible with both iOS and android platforms.

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Conclusion

In this tutorial on the Best Indian Startups, you learned about the Indian companies that are budding and are at the top of the list in their respective work. If you wish to grow your own business and prosper like these startups, do explore and enroll in our unique Post Graduate Program in Business Analysis in collaboration with Purdue University. This program is highly beneficial for aspiring entrepreneurs. Here's how this course can assist you in starting and growing your business:

1. Data-Driven decision making

2. Strategic planning and problem-solving

3. Understanding market dynamics

4. Process optimization

5. AI-powered business analysis

By integrating these competencies, the program prepares you to build a robust foundation for your business, enhancing your ability to innovate, compete, and thrive in the marketplace. What are you waiting for? Get started today!