Top 10 Startups in India – indiansupdate.com

Startups in India

1.Cred

Launched in 2018 in Bangalore, Cred, founded by Kunal Shah, stands out as one of India’s premier startups. It introduces a unique concept – rewarding users with “cred coins” for credit card bill payments, which can later be redeemed for discounts and offers. With a valuation of approximately $2.2 billion, Cred has quickly gained prominence. Boasting around 6 million users and 250 to 500 employees, the startup has ambitious plans, including venturing into e-commerce.

2.Skit.ai

Established in 2016 by Akshay Deshraj, Manoj Sarda, and Sourabh Gupta, Skit.ai (formerly Vernacular.ai) is a Bangalore-based startup with a team of 50 to 100 employees. It offers AI software as a service and aims to dominate the field of voice automation. With a focus on industries like banking, food, and hospitality, Skit.ai provides digital voice agents capable of personalized, empathetic, and real-time conversations. The startup’s growth is expected to parallel the rapid advancements in artificial intelligence.

3.PharmEasy

Founded in 2015 by Dharmil Sheth, Dhaval Shah, and Mikhil Innani, PharmEasy, based in Mumbai, concentrates on healthcare, diagnostics, and pharmaceuticals. An online medical store, PharmEasy not only offers OTC products and medical instruments but also facilitates patients’ connections with local diagnostic centers and ensures medicine delivery. After a successful merger with Medlife, the startup has secured over $350 million in funding. Its expansion plans involve reaching out to more pharmacies and broader geographical coverage.

4.Digit Insurance

Launched in 2016 by Kamesh Goyal, Philip Varghese, Sriram Shankar, and Vijay Kumar, Digit Insurance is a Bangalore-based startup focused on general insurance, particularly in finance and insurance sectors. It simplifies insurance products and has achieved numerous accolades, including being named Asia’s Best General Insurance Company of the Year. Despite challenges faced by the insurance industry, Digit Insurance managed a 30% growth in 2020, offering coverage against various illnesses, including COVID and malaria.

5.Meesho

Founded in 2015 by Sanjeev Barnwal and Vidit Aatrey, Meesho empowers entrepreneurs to start businesses from home. As a Bangalore-based startup, Meesho operates in e-commerce and social media, bridging sellers and customers in an online marketplace. Supporting sellers with logistics, orders, and payments, Meesho has connected with over 13 million entrepreneurs and offers a wide range of products, from groceries to apparel.

6.Groww

Groww, established in 2017 by Harsh Jain, Ishan Bansal, Lalit Keshre, and Neeraj Singh, is a Bangalore-based startup with a mission to simplify investing for everyone. By offering a mobile application and web platform, Groww has made investment accessible to all age groups, particularly from smaller cities. Joining the unicorn club in 2021 after raising over $83 million, Groww is investing in new products and talent to further its growth.

7.Nykaa

Founded in 2012 by Falguni Nayar, Nykaa, headquartered in Mumbai, is an online beauty and wellness store, valuing over $2.1 billion. With its strong presence, celebrity investors, and expansion into apparel and accessories through Nykaa Fashion, Nykaa continues to provide quality products at reasonable prices.

8.Udaan

Udaan, founded by Amod Malviya, Sujeet Kumar, and Vaibhav Gupta in 2016, facilitates B2B collaboration among manufacturers, traders, retailers, and wholesalers. With a valuation exceeding $3.1 billion, Udaan has rapidly grown and ventured into the B2C market with Pickily, offering FMCG products.

9.Dream11

Founded in Mumbai in 2008 by Bhavit Sheth and Harsh Jain, Dream11 is a fantasy sports platform with a valuation surpassing $5 billion. Boasting over 100 million users, Dream11 experienced significant growth, especially after the pandemic, due to the country’s youth’s interest in sports.

10.Swiggy

Founded in 2014 by Nandan Reddy, Rahul Jaimini, and Sriharsha Majety, Swiggy, a food delivery platform, covers over 27 cities and 40,000 restaurants. Valued at over $5 billion, Swiggy’s commitment to excellent customer service and expansion has propelled it to become a dominant player in the food delivery industry.

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