Startups are necessary for a country since they fuel its economy, create employment opportunities and drive innovation. They are responsible for introducing new concepts in the market – workplace strategies, techniques and solutions. They can help to solve problems and meet needs that traditional businesses have not been able to address. India is the third largest startup friendly country in the world. Industry experts say that 14.5% Indians are engaged in some form of business. There are about one lakh sixteen thousand recognised startups in the country.
According to the annual LinkedIn top-startups list, 20 young companies are identified as the most successful startups in the country. Zepto, BluSmart, and Pocket FM are among many others.
Top 20 Startups in India
Zepto
Zepto is a quick commerce company delivering groceries and essentials across 10 cities in India. The Mumbai-based startup raised more than Rs.1600 crore in August and became India’s first unicorn of 2023. This startup offers home delivery of products such as shampoos, soaps, vegetables, and tea, which customers typically used to buy from local stores.
BluSmart
BluSmart offers electric ride-hailing services in Delhi NCR and Bengaluru with its 4,500-strong electric car fleet. Founded in 2019, the startup is planning to expand this fleet to 10,000 cars and invest more in setting up electric chargers across India.
Ditto Insurance
Founded in 2018, this insurtech startup (insurtech is the technology, created and implemented to improve the efficiency of the insurance industry) helps people compare plans, understand policies, and buy insurance through its online platform. The company is looking to hire hundreds of freshers in 2024.
Pocket FM
Audio series platform Pocket FM offers audio entertainment across multiple genres and Indian languages through its 100,000+ hour-strong content library. Founded in 2018, the company states they have 80 million listeners globally.
Skyroot Aerospace
Hyderabad-based Skyroot Aerospace specialises in futuristic space-launch vehicle design and building. With its maiden mission Prarambh, the startup in 2022 became the first Indian private company to launch a rocket into space.
GoKwik
GoKwik offers data and technology-led solutions for eCommerce and D2C brands to improve customer experience across the shopping funnel and boost conversion rates and revenue growth. It uses AI/ML technologies to solve problems like Return to Origin (RTO) and aims to democratise the shopping experience.
Fi
Fi is a financial app with an in-built savings account that also offers mutual fund investment options, and other financial services like personal loans in partnership with regulated entities. The company is looking to hire backend engineers, DevOps experts, and for product design and analytics roles, among others.
Sprinto
Sprinto automates Information Security compliances and privacy laws for software-as-a-service companies and helps monitor entity-level risks and controls. Founded in 2020, the company supports more than 15 compliances.
Supersourcing
Supersourcing is a B2B AI-enabled platform for hiring remote engineers, and provides pre-vetted developers to medium and small-sized businesses, enterprises, and funded startups. Supersourcing is looking to hire more than 200 freshers in 2024.
GrowthSchool
GrowthSchool partners with instructors to create cohort-based courses on personal and professional growth topics like marketing, design, and business. (A cohort-based course is a program of learning that’s organized according to a syllabus and is taken by a group of students at the same time.) These courses can take place online, in a virtual space, or in a physical classroom. Founded in 2021, GrowthSchool is looking to onboard 70-80 freshers in 2024.
Jar
Jar is an automated gold savings app that allows people to save spare change from their online transactions and invest it in digital gold, as well as offers manual and daily, weekly, or monthly savings options. Launched in 2021, the app currently has more than 1.5 crore users.
Shyft
Shyft, formerly known as Mindhouse, is a wellness and life management and tracking platform that offers health, yoga, nutrition, and dermatology programmes. It also provides personalised employee health and wellness solutions to corporates.
Teachnook
E-learning platform Teachnook offers students curated programmes to help them upskill in topics like Web3, Augmented Reality/Virtual Reality, business development, and performance marketing. It also offers courses and mentorship programmes that allow students to get guidance from industry experts.
StockGro
Bengaluru-based social investment platform StockGro aims to educate young investors about trading and investment. It allows people to build their trading skills in a simulated environment, and follow experts and top investors.
Exponent Energy
This startup is on a mission to simplify energy for electric vehicles (EVs) and offers a 15-minute rapid charging solution for EVs. The company aims to power 25,000 EVs by the end of 2025 and deploy 1,000 charging stations.
Housr
Focused exclusively on working professionals, Housr provides luxury co-living and accommodation solutions across five Indian cities and more than 75 properties. The company plans to fully automate their properties and expand to other Tier 1 and 2 cities across India.
AccioJob
Run by IIT Delhi alumni, edtech startup AccioJob offers courses around full-stack web development and data analytics. The company also provides placement services and facilitates career guidance and mentorship from industry experts.
TravClan
TravClan is a B2B platform offering business solutions for travel companies which include flight and hotel bookings, travel websites, payment gateways, and marketing material. It also operates as a Destination Management Company across more than 18 domestic and international destinations.
DotPe
DotPe offers business solutions for omni-channel selling which include Point of Sale, e-commerce website, QR, payments, and delivery. It provides a full stack food tech offering for food and beverage companies, a one-stop platform for retail firms to grow online, and customer relationship management tools for service-based businesses.
Fasal
Fasal is a full-stack platform for horticulture farming, which started with the mission of removing the guesswork from farming. Through its AI-driven platform, the company provides farmers farm-specific, crop-specific, and crop-stage specific actionable advisory; and helps them reduce the cost of cultivation and increase quality and yield.
Many Indian startups are booming and favouring the younger generation to work and gain experience in their fields of interest. As times of uncertainty often pave the way for opportunities, these startups are seeing a growing talent pool amid the waves of layoffs in big tech. These startups have had billion-dollar evaluations and are still brimming with new innovative ideas.
