Start-ups have seen increasing day by day in India over the past few years. India has been one of the fastest-growing economies in the world. Indian start-ups have tried to solve many problems by working on innovative ideas with regards to business models, products and services and technologies. And this trend will only accelerate in the future. India ranks 20th among the top 100 countries in the 2021 Global Startup Ecosystem Index by Startup Blink. Three Indian cities—Bengaluru, Delhi and Mumbai—also feature among the top 20 cities globally. India supports the rise of startups because it has low-cost skilled labor, funding from national and international investors, and growth opportunities. The Startup India initiative was launched on 16th January 2016, by the Hon’ble Prime Minister. The Prime Minister unveiled an Action Plan consisting of 19 Action Points that act as a guiding document for the startup initiative. India is the largest number of startups being added every hour. It is not at all surprising to see that India is growing up as a hub of the biggest startups.
As of the beginning of January 2022, India has recognized more than 61,000 startups, thus having the 3rd largest startup ecosystem after the US and China. Tech start-ups are profit increasing digital adoption and also have changed the lifestyle of young Indians from shopping to ordering food from restaurants and streaming entertainment on-the-go, everything has moved to online platforms. With more success stories, improving digital infrastructure and favourable policies, these start-ups have the adverse effect on economic growth. The government of India has an initiative called Startup India, government of India is only purpose is to bring about start-up culture and build an ecosystem for entrepreneurship and innovation.
20 Best Start-up Companies in India
These are the following 15 most successful start-up companies in India that have had million-dollar evaluations and still surprised us with new innovative ideas.
- MBA Chai Wala
- The Good Glamm Group
- Ditto Insurance
- Living Food
- Stanza Living
- Skyroot Aerospace
UpGrade is india’s largest higher education company that provides educational programs to its customers. UpGrade is an edtech company which was founded in 2015 and it’s headquarter is situated in Mumbai, India. Upgrade was founded by Ronnie Screwvala with Mayank Kumar, Phalgun Kompalli and Ravijot Chugh with the aim to provide formal education on online platform. It offers MBA, M.Sc., or other many PG degrees and Bachelor’s Degrees program. Upgrade offer many programs like Digital Marketing, SEO, Data Science, Software Engineering all of it in one place. Upgrade app keep you connected with industry professionals, teachers, and fellow students, allowing you to improve your skills and explore various opportunities. The Upgrade Company gives many opportunities like, from test prep to study abroad, and undergraduate degrees to campus courses in 250 universities. Its offerings include finance, law, business and software for the 18-60 age groups. Upgrade online program keeps encouraging people who believe that learning is lifelong. Upgrade is targeting $500 million in gross revenue in the year ending in March 2023.
MBA Chai Wala
MBA Chai Wala was founded by Prafull Billore in 2017. He explained that MBA stands for ‘Mr. Billore Ahmedabad Chaiwala,’ not Master of Business Administration. Within a few months, his company was generating millions of dollars per month. He is well-known among young people, particularly MBA students at IIM Ahemdabad. His success story motivate young people. He wanted to get an MBA college and work at a multinational corporation. Unfortunately, he failed the CAT exam three times out of three attempts.
He began his first business as a tea staller near McDonald’s with a lot of courage and determination. On July 25, 2017, he began his firm with an investment of merely INR 8,000. He worked at McDonald’s from 9 a.m. to 4 p.m. and then at his tea stall in the evening. The company has expanded to 100 cities like Bhopal, Srinagar, Surat, Delhi and more — since 2021. They are planning to double the number this year. He had revenue of Rs 3 crore in the financial year 2019-20. Prafull adds, “My ambition is to sell tea all over the country and have every Indian consume my tea.” He runs a 300-square-foot restaurant with a staff of over 20 people. Prafull’s experience teaches us that anything is achievable if you are focused, determined, and truly want to achieve your goals.
If we go few years back, when we have any health issues there is only a one solution to go on a medical store and take medicine or any other check-ups whatever it needed. But as of now, online platform are very helpful to us after digital India initiative taken by government of India. PharmEasy is one of India’s top online pharmacy apps. PharmEasy is an online pharmacy and medical store in India which specialises in OTC products, diagnostic tests, and medical instruments. The company was founded in 2015 by Dharmil Sheth and Dhaval Shah in Mumbai, Maharashtra. It is an online medical store that has everything one could imagine in an actual medical or pharmacy store — OTC products, medical instruments, and even diagnostic tests. PharmEasy helps patients to connect with local diagnostic centres, assists with medicine delivery, and takes care of other medical needs. During COVID-19 pandemic, PharmEasy has had tremendous growth and gaining popularity and also spread all over India. The startup has risen over $350 million becoming the fisrt PharmEasy unicorn in India.
Meesho Company is a banglore based startup founded by IIT Delhi Graduates Sanjeev Barnwal and Vditi Aatrey in 2015. Meesho is an online shopping and reselling platform like Shopping for Fashion, Home, and Kitchen at lowest price Messho is a beneficial online platform where you can shop for yourself or earn money online, both using the same Meesho App. Meesho makes this process much easier and affordable as it is one of the biggest and most trusted reseller platforms. Meesho also offers top quality products at the lowest wholesale price, where you can shop online at any budget. Besides shopping, you can also resell products to your friends and family. Start your online business with zero investment today, work from home and earn money online with just a phone. Meesho provides many opportunities like high quality products at lowest price, free delivery/ free shipping, cash on delivery available, free returns/refunds, 100% safe and timely payments, huge variety of products. Meesho having about 1000 to 5000 thousand employees, Meesho is growing to become a big eCommerce platform, having been valued at over $2.1 billion.
CRED Company was started in the year 2018. CRED was founded by Kunal Shah in banglore. CRED was one of the top startup with innovative idea in India. CRED is a platform where you can pay your credit card bills and get rewarded. The platform has created a new model where users get “CRED coins” when they pay their bills through the CRED app. CRED is a platform where you can easily check credit score free, pay credit card bill, monthly rent online and get up to 100% cash back. CRED is the youngest Indian start up to be valued at around $2.2 billion. CRED has over 6 million users and about 250 to 500 employees in their company.
Zepto is a grocery shopping app that delivers your groceries in 10 minutes. Zepto Company was founded by 19 year old boys Kaivalya Vohra and Aadit Palicha in 2021 in Mumbai, Maharashtra. Zepto is online grocery platform where you can order home grocery within 10 minutes. Zepto is India’s fastest grocery delivery app. At the age of 19, Kaivalya is the youngest among the richest Indians. Zepto had make history to grow day by day within a short period of time. Current valuation of Zepto was $900 million. Zepto services are currently available in Bengaluru, Mumbai, Chennai, Hyderabad, Pune, Gurugram, Noida, and Delhi.
The Good Glamm Group
The Good Glamm Group was started in 2017 by Sukhleen Aneja, Priyanka Gill and Sachin Bhatia. This content-to-commerce platform promotes and assists in the sales of various cruelty-free and sustainable beauty and personal care brands. In October 2017, Darpan Sanghvi launched direct-to-consumer (DTC) beauty brand My Glam. MyGlamm, POPxo-Plixxo and BabyChakra came together under one umbrella to form The Good Glamm Group, the digital-first FMCG content-to-commerce brand. Most of the competitor is already available in the market but My Glam makes its own customer and makes that beauty platform. But the biggest challenge with being a Direct-to-customer brand is its customer acquisition cost (CAC).
Groww is the platform where you can invest on mutual funds and stocks. Groww is a Bangalore based start- up was started in the year 2017. Groww was founded by former Flipkart executives Harsh Jain, Ishan Bansal, Lalit Keshre and Neeraj Singh. The founders developed Groww as a mobile application and on the web. In India, investment for a common man is very difficult so this idea make people of India motivate to invest in a better place. Groww has given people of all age groups an opportunity to invest their money.
GrowthSchool was founded in the year 2020 by Vaibhav Sisinty and headquarter of GrowthSchhol was situated in Mumbai, Maharashtra. GrowthSchhol is the new way to encourage people to grab knowledge to make his career in interested field. GrowthSchool provide facilities that colleges still not providing. GrowthSchool only work with top 1% professionals and expert in their field and provide best program for the learner all over the world. They can make your career progression much smoother. Intensive Programs are the best that we offer — week packed with learning, live sessions, community, assignments, & more.
BluSmart was co-founded on January 2019 by Anmol Singh Jaggi, Puneet Singh Jaggi and Punit K Goyal. BluSmart Mobility Head office is situated in Gurugram, India. BluSmart is India’s first all-electric cab services providing in India. It is a time to change your travelling way and switch to BluSmart electric cabs and leave CNG, diesel and petrol cabs. BluSmart recently added hourly rentals cabs, which allow users to keep cab while running errands. These services will be providing in Gurugram, Delhi NCR and Bengaluru. If you are looking safe and affordable cab service you must use BluSmart and enjoy your safe and reliable journey.
The company’s headquarters are in Bangalore, India and founded in a year 2021. Ditto Insurance is an insurance advisory and commerce platform. The digital insurance advisory platforms have proven to be a significant help in this regard. The co-founders of Finshots established Ditto, one of the newest online insurance advisory platforms, in February 2021. You can obtain the best insurance guidance from Ditto. In one location, you can learn about your policy, get answers to your immediate concerns, and purchase insurance.
In India, Spinny is a new marketplace for second-hand cars. We are bringing about a major revolution in the way consumers purchase used cars by developing complete trust & simplicity in transactions. To provide our clients with Value, Clarity, and Simplicity, we adhere to a full-stack business approach. Our mission is to provide our customers with the utmost assurance and peace of mind when they shop for an automobile that fits their needs. Our consumers can select a few cars from our online platform to shortlist, and they can then visit one of our physical vehicle hubs for a test drive without any commitment. We feel that technology must play a vital role in reaching our goal of making Spinny the most adored and reliable brand in India. In addition to Delhi-NCR, Bengaluru, Hyderabad, Pune, Mumbai, Kolkata, Chennai, Ahmedabad, Jaipur, Chandigarh, Indore, Coimbatore, Lucknow, Kochi, and Surat, we also operate a business there.
Try Rapido, the largest and first bike-taxi service in India. You may avoid traffic, arrive on time, and save money by using our bike rides. You can also rent a car from us. You always get a cheap, quick, and comfortable car or bike journey with Rapido. Rapido is a Bangalore based company which was founded in a year 2015. Install the app, and you’re ready to go safely anywhere in the city. Because everything can be monitored online, even at night.
We are an Ed-Tech start-up firm that is changing the educational sector by providing educators with the digital tools and resources they need to be prepared for the future. With our industry-first unified platform, coaching institutes may manage all of their tasks through their own app and reach thousands of students nationwide. We work hard to foster a culture that is inclusive, free, creative, and innovative because our business culture is crucial to our success.
Living Food provides incredibly healthy, trustworthy, and fresh food that is also beneficial for the environment. We think that the best way to affect change in our communities, our families, and the environment is via delicious food. Akash Sajith, Shikha Lakhanpal, and Niranjan KS founded Living Food in 2018, with a focus on providing customers with locally sourced produce.
In2017, the Delhi-based startup Stanza Living officially launched. Anindya Dutta and Sandeep Dalmia are co-founders of this business. It offers college students and young professionals fully managed shared housing options. Leading the managed housing market in India, Stanza Living provides migrating millennial with first-rate living opportunities in more than 15 locations. A technology-enabled housing idea called Stanza Living offers completely furnished apartments with services including food, internet, laundry, housekeeping, security, and community participation programmes.
The most popular social media site in India, ShareChat, enables users to express their ideas, keep a diary of their lives, and meet new people in their own language. By making its mobile app homepage a personalised content feed, ShareChat makes finding material and people easier. To surface the appropriate content to the appropriate user, the company’s data science team uses machine learning models that recognise the language of the content and user involvement. More than a million postings are made on ShareChat every day, so its systems must analyse huge amounts of information with extreme efficiency.
Rohan Nayak, Nishanth KS, and Prateek Dixit developed Pocket FM in 2018, a customised audio streaming service. The business was founded with the intention of redefining the OTT market through an audio-first strategy, and the concept was conceived when audio was not yet a recognised category. The organisation has been actively concentrating on creating an expansive universe of entertainment (including romance, horror, thriller, emotional drama, etc.) and educational content.
Engineers and retired scientists from the Indian Space Research Organization formed Skyroot Aerospace four years ago. It develops tools for “responsive, economical access to space.” The spacetech company is currently developing a number of rockets to assist in launching tiny satellites into orbit. Skyroot Aerospace has engaged clients worldwide and has already begun taking reservations for launches in less than three years. It is the first company in India to formally sign a contract with ISRO for the use of its resources.
It is a fitness monitor that looks like a sensor that tracks blood sugar levels in users. The tech-lifestyle fitness brand primarily seeks to assist customers in enhancing their metabolism, which can make them fitter and consume the proper types of food. Through glucose levels and how food and exercise affect them, the Ultrahuman M1 continuous metabolism tracker can help you learn more about your body’s metabolic habits. Using preventive healthcare technology and a community that shares knowledge and unlearns together, we are creating the metabolic health of the future.