Top 10 Startups in India

Because of the COVID-19 epidemic, which swept the world, last year was a year of ups and downs. Strong businesspeople in India have tested their ideas and jumped into possibilities. Some of them have failed, but others have succeeded like nothing else. India encourages the growth of startups since it has access to competent labour at reasonable prices, investment from domestic and foreign investors, and expansion potential. Financial Express claims that in 2021, start-up funding reached a new high.

1. CRED

CRED is a platform that was established in 2018 where you may pay your credit card bills and earn rewards. Users now receive "CRED coins" when they pay their bills via the CRED app, according to a novel business model developed by the platform. These coins can then be used to make purchases, participate in contests, or enrol in workshops. The firm, which has its headquarters in Bangalore, offers its clients a variety of services like financing and a luxury goods inventory. The business thinks that through providing incentives, people's financial behaviour will improve.

2. Vernacular.ai

This startup wants to become the world's top voice automation and AI platform. It is an AI-First SaaS company. The company serves the banking, food and beverage, and hospitality industries by offering Speech recognition and Voice Assistant as a service. Their services are the least influenced by people and are also capable of handling complicated servicing problems. In 2020, the business, which was founded in 2016, has raised $5.1 million in investment.

3. PharmEasy

PharmEasy is an online pharmacy and medical supply company based in India that specialises in over-the-counter medicines, laboratory testing, and medical equipment. The business, which was established in 2015 in Mumbai, Maharashtra, has experienced phenomenal growth. It is an internet drugstore featuring every item you might find in a physical pharmacy.

4. Digit Insurance

An insurance provider called Digit Insurance makes the claim that it will make insurance products simpler for everyone so that people's perspectives on insurance can evolve. The business was established in 2016 and lately, in 2021, it joined the exclusive club of unicorns after raising $18 million in investment. In addition to Virat Kohli and Anushka Sharma's $340,000 investment, the company raised its first round of finance in 2020.

5. Meesho

Meesho is a reseller platform that was established in 2015 by IIT-Delhi graduates and is poised to grow into a significant e-commerce distribution channel where home business owners may sell goods via Facebook, Instagram, and WhatsApp. After raising $300 million in capital, the company is now valued at $2.1 billion.

6. Groww

Groww is a trading platform that enables users to invest in stocks, ETFs, mutual funds, initial public offerings, and more. The platform is compatible with web and mobile applications. Four former Flipkart employees who became aware of how challenging it is to invest in India launched the startup in 2016. They launched Groww as a result of this realisation, and it currently has more than 15 million people registered. According to Groww, smaller Indian cities that have never made an investment make up more than 60% of the company. Groww is used all around India, not just in major towns, according to one of the creators, Lalit Keshre.

7. Nykaa

Nykaa, an e-commerce portal for fashion and beauty products, was established in 2012. Customers can purchase health and cosmetics from the business for affordable pricing. It's interesting to see that its current market worth is $1.2 billion after it received $25 million in March 2020. Actresses from the Hindi film industry including Alia Bhatt and Katrina Kaif are among the company's investors.

8. Udaan

In 2016, a tech-based startup offering B2B e-commerce solutions was established. Sujeet Kumar, Vaibhav Gupta, and Amod Malviya, three former executives of Flipkart, founded the business, which now has a network of more than 3 million consumers across 900 locations. It aids in connecting India's more than 25000 merchants. Thousands of brands, including Boat Lifestyle, PepsiCo, LG, ITC, and many other well-known names, have inked contracts with the company. The company has achieved unicorn status in 2018, which took place in the least amount of time. Udaan recently secured $280 million from both old and new investors.

9. DREAM 11

DREAM 11 is an online fantasy sports platform that was established in 2008 and currently has more than 10 crore subscribers in India. The business was started by two young cofounders, Harsh Jain and Bhavit Sheth, and is based in Mumbai, Maharashtra. Just before the IPL 2021 season started, DREAM 11 raised $400 million. TCV, which has also supported industry titans like Netflix and Airbnb, is one of the investors. DREAM 11 is also the country's first unicorn startup, with a current worth of $5 billion. The business has expanded over the last three years at a CAGR of 223%.

10. Swiggy

Who hasn't heard of Swiggy? Consider working on a Monday and having a cheesecake urge after lunch. You may now easily sate your appetites even while lounging at home thanks to Swiggy. Swiggy, India's biggest meal delivery service, operates in 27 cities and has relationships with more than 40,000 restaurants. The company, which has its headquarters in Bangalore, recently raised $800 million in capital, bringing its current market worth to around $5 billion.

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