Top 10 successful startups in India

 

The Most Successful Startups In India

 The term startup has been protracted around every youngsters mind over the past few years. But what exactly does a startup mean!

A venture of turning an idea into something big or a project initiated by an entrepreneur seeks to develop into a scalable business? Technically speaking, a startup refers to a company founded by one or more entrepreneurs that are focused on one single product or service that the founders want to bring into the market. But establishing a startup is not as easy as it sounds. It starts in a room which changes into a big company. Just like building an empire, kickstarting a startup venture isn't that easy, it takes days and months of struggles. Nonetheless, rightly said by someone, sky's the limit. There is no limit on who and how one can start a startup company.

All you need to do is build, believe, boost and prepare yourself  for the startup struggles that every start-up company faces in their life which includes market problems, business model failure, funding, a poor management team, facing criticism and much more. Hence 90% of the startups fail in their initial stages. However, the indian government had launched an initiative called the startup india in the year 2016 for young potential startup founders. The startup india is an online platform where any startup company can freely register.

 In recent years, an ample number of startups have emerged in many parts of the world. Hence, there has been a gigantic increase in the number of startup companies rising in India. India is said to have the third largest startup ecosystem in the world after the US and China. And still it continues to attract more and more investors and business from all over the world. The indian startup ecosystem has evolved dynamically over the last two decades in technology and the internet space. Every other day, a new budding startup company emerges from the ocean of opportunities with an aim of achieving some jaw dropping valuations. 

Have you ever thought about

1) Which is fastest growing business in India?

2) What are the most successful startups?

3) How can I become rich in India/ How can I earn 1 crore per year/ Which job has highest salary in India?

Some of the most successful startup stories which were able to build their dream empire in India are listed below.

 1.  Paytm 

 

Founder: Vijay Shekhar Sharma

Launch Year: 2010

Headquarters: Noida, Uttar Pradesh, India

No. of Employees: 9K+

Total Funding: $ 2.5 Bn

 

Paytm is an indian e-commerce online payment portal, popularly used for online mobile recharges, DTH, utility bill payments, travel, movies and also allows people to pay funds to each other with the help of its paytm QR code.

Vijay Shekhar Sharma founded Paytm with an initial investment of $2 million. He initially started off as a prepaid mobile and DTH recharge platform and later transformed it into a highly operated online platform for online deals, education fee payment, flight, railway, bus & movie ticket booking, paytm wallet, gift cards and paytm gold with two new wealth management products - Paytm Gold Savings Plan and Gold Gifting to simplify long-term savings.

In July 2020, Tata Starbucks partnered with Paytm allowing its customers to order food online during a coronavirus (COVID-19) pandemic, which makes paytm as one of the most successful and valuable startups in india.

 

2.  Ola

 

Founders: Bhavish Aggarwal, Ankit Bhati

Launch Year: 2010

Headquarters: Bangalore, India

No. of Employees: 9K+

Total Funding: $ 3.2 Bn

 

Ola cabs is an Indian ridesharing company offering people as their everyday travel partner. Ola’s services from cabs to bike taxis, from cash to cashless online payments with Ola money, is beating Uber in the race.

Despite all the criticism such as base fare, overcharging, peak pricing, lack of transparency in charging and many more, the founders managed to thrive their business from just Bangalore based taxi service to all over India, UK, Australia and New Zealand. The company completes over a billion rides annually with over 1,50,000 bookings per day.

Beyond mobility, Ola has also entered the food delivery and cloud kitchen business as well with the launch of Ola Khichdi Experiment.

 

3.  Oyo

 

Founders: Ritesh Agarwal

Launch Year: 2013

Headquarters: Delhi NCR

No. of Employees: 19K+

Total Funding: $1.7 Bn

 

Oyo is one such omnipresent startup in India that has to be in the top list. Ritesh Agarwal, the youngest entrepreneur of India, launched his first startup Oravel Stays Pvt. Ltd. in the year 2012 and by the end of 2013, he transformed it into Oyo rooms, India's largest hospitality company. At present, oyo runs in the shape of thousands of hotels, vacation homes, and millions of rooms globally. Countries such as Malaysia, China, UK, Japan, US and many more chose oyo as their hospitality partner.

Ritesh Agarwal had transmogrified a small hotel into a chain of rooms and homes with full fledged hospitalities while keeping the budget criteria in mind, he proved that there is no age barrier for success!

 

4.  Byju’s

 

Founder: Byju Raveendran

Launch Year: 2011

Headquarters: Bangalore, Karnataka, India

No. of Employees: 9K

Total Funding: $1.5 Bn

 

Who would have thought that a simple e-learning platform would turn into the world’s most valued ed-tech company.

Byju mainly runs in the shape of a mobile app named, BYJU'S-The Learning App. It provides various online secondary and senior secondary courses suited to the Indian schooling system along with the study materials for competitive examinations  such as IIT-JEE, NEET, CAT, IAS as well as for international examinations like GRE and GMAT. Although the main focus of the app is on Science and Mathematics.

Byju’s became India's most leading educational learning startup in no time. thereby, proving that teaching can also become a platform for a startup!

 

5.   Dream11

 

Founder: Harsh Jain; Bhavit Sheth

Launch Year: 2008

Headquarters: Mumbai

No. of Employees: 542

Total Funding: $100 Mn

 

Dream11 had seized not only youngsters' minds by providing them a gaming platform but also they didn't fail to grab the attention of all age groups. Dream11 is one such growing gaming startup of India that allows users to play fantasy cricket, hockey, football, kabaddi and basketball.

The founders Harsh Jain and Bhavit Sheth launched freemium fantasy sports in India for cricket fans in 2012. Within 2 years, the company reported 1 million registered users and in no time, the company piled up from 2 million users to 45 million users in 2018. Today, Dream11 has flourished with over 50 million registered users.

The company also made it to the list and ranked 9 among India's Great Mid-Size Workplaces - 2018. Dream11 was also recognised as one of the top 10 innovative companies in India by Fast Company in 2019.

 

6.   Grofers

 

Founder: Saurabh Kumar, Albinder Dhindsa

Launch Year: 2013

Headquarters: Gurugram, India

No. of Employees: 3K+

Total funding: $360 Mn

 

Now why should groceries be left behind in the race of startups. Albinder Dhindsa with his co-founder Saurabh Kumar started his online grocery delivery business in 2013. The founders made sure that their startup allows their customers to shop online for their daily needs such as groceries, vegetables, bakery items, baby care items and much more.

Today, grofers run in 29 cities of india. During the coronavirus pandemic in 2020, Grofers along with Amazon India and Big Basket were among the few online grocery platforms that continued to operate in India. Thereby, Grofers turned out to be India's one of the most promising startups.

 

7. Cure.fit

 

Founder: Mukesh Bansal, Ankit Nagori

Launch Year: 2016

Headquarters: Bengaluru, India

No. of Employees: 800-1000

Total Funding: $404.6 Mn

 

Fitness is the foremost aspect of one’s life. Keeping in mind the current scenario, fitness has become one of the most crucial parts of every age group. Hence, Mukesh Bansal and Ankit Nagori decided to combine technology and service in the name of fitness.

Cure.fit offers multiple services by the name, Mind.fit, Cult.Fit, Eat.Fit and Care.fit. Each program offers a wide range of services like Mind.fit keeps the track of mental health, Cult.fit of physical health, Eat.fit curate diet plans for weight gain or loss and last but not the least Care.fit offers trained health care professionals.

This fitness startup, which is still growing at a rapid pace, shows no signs of stopping anytime soon, especially during this crucial time of global pandemic.

 

8.  BigBasket

 

Founder: Abhinay Choudhari, Hari Menon, and Vipul Parekh

Launch Year: 2011

Headquarters: Bangalore

No. of Employees: 8K+

Total Funding: $720 Mn

 

Now to give competition to the Grofers, Bigbasket comes in the race. No doubt, both are India's leading online grocery spots where people can find endless products. No more standing in the long queue and waiting for your turn at the grocery store after roaming around and shopping for hours.

The company mainly runs their startup in the form of an online mobile application where customers can order groceries online. The company offers a wide variety of 18,000 products and over 1000 brands ranging from fresh Fruits and Vegetables, rice and dals, spices and seasonings to packaged products, beverages, personal care products, meats, and other daily household needs.

In April 2020, they partnered with American firm Uber and Indian company Rapido to deliver the essential item to people.

 

9.  Udaan

 

Founder: Vaibhav Gupta, Amod Malviya and Sujeet Kumar

Launch Year: 2016

Headquarters: Gurugram, Haryana, India

No. of Employees: 6K+

Total Funding: $585 Mn

 

Udaan is a Business-to-Business (B2B) ecommerce platform, designed to solve core trade problems for small, medium and large businesses across India. It is the largest such national distribution platform of its kind enabling retailers and businesses to source merchandise from manufacturers, brands, white labels, importers etc. on a single platform. udaan brings to users the power of technology to grow their business.

Udaan enables direct connect between buyers & sellers which allows one-on-one discussions to negotiate terms of trade between transacting parties. The chat feature allows you to have a personal and secure conversation in real time, in a language of your choice. The entire experience is seamless.

 

10.  Delhivery

 

Founder: Bhavesh Manglani, Kapil Bharati, Mohit Tandon, Sahil Barua, Suraj Saharan

Launch Year: 2011

Headquarters: Delhi NCR

No. of Employees: 8K+

Total Funding: $670 Mn

 

Since its inception in 2011, Delhivery has become India’s leading supply chain services company. Delhivery provides products and services with the aim of building trust and improving the lives of consumers, small businesses, enterprises and our growing team of employees and partners. Delhivery brings unparalleled cost efficiency and pan-India reach to the businesses of over 10000 customers.

Delhivery has successfully fulfilled over 650 million orders to more than 250 million households across India. 24 automated sort centers, 85+ fulfilment centers, 70 hubs, 3000+ direct delivery centers, 5000+ partner centers, 15000+ vehicles and 40000+ team members make it possible to deliver a million packages a day, 24 hours a day, 7 days a week, 365 days a year.