Sequent to the U.S. and China, India is alleged to be the most thriving startup ecosystem in the world. Many startups in India besides encompassing plentiful of success stories are now in the saddle to mark their footprint in the remotest of locations across the country.
Lauding the resilience and commitment that they have laid out, TSA brings you a list of 10 most successful Indian startups for whom sky is the limit.
1. Delhivery (Logistics)
Launched in 2011, the logistics giant Delhivery is the creation of Suraj Saharan, Bhavesh Manglani, Kapil Bharati, Mohit Tandon, and Sahil Barua. With an estimated value of $ 1.6 Bn, Delhivery’s logistics supply chain market currently serves in about 850+ cities beyond 17,000 pin codes in India. Having ties with e-commerce unicorns Amazon, Flipkart, and alike, Delhivery bagged the 2019 Startup of the Year award.
2. Paytm (Fintech)
Founded by Vijay Shekhar Sharma in 2010, Paytm offers payment system, online shopping, and financial services with as many as 39 million daily active users and 110 million users combined. It has also branched-out to hook in 6 new ventures — Paytm Financial Services, Paytm Money, Paytm Mall, Paytm Entertainment, and Paytm Insurance Corporation. Paytm’s pivotal point arrived with the demonetization of Rs 500 and Rs 1000 currency notes in November 2016. It currently reaps a net-worth of about $ 10 Bn.
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3. Unacademy (Edtech)
Assisting students to prepare for competitive examinations, Unacademy is the second e-learning startup to breeze into India’s unicorn club, hitherto acquiring various companies to protract its grants and offerings. Aimed at launching new products to brush up its growth, the e-learning enterprise observed 100% growth in its subscriber base since the onset of the pandemic, evaluating as of July 2020 at $ 1.45 Bn.
4. Swiggy (Consumer Services)
Beginning operations in Bengaluru in 2014, today Swiggy provides an entire food ordering and delivery mechanism to foodies from a whole spectrum of fast-food joints and restaurants. With over 2.1 lakh delivery partners, it processes as many as 1.5 Mn food orders daily across the country. Evaluating at $1 Bn, Swiggy undertakes operations in 500+ cities and 75+ universities.
5. Flipkart (Ecommerce)
Frequently found in the smartphones of urban millennials as well as Gen Z, Flipkart is the brainchild of Sachin Bansal and Binny Bansal. Valued now at $20 Bn, Flipkart climbed atop the e-commerce market post travelling a decade-long journey. It is now set to advance its payments business through Phonepe, which in itself has lately developed into a payment service unicorn.
6. Ola (Mobility)
Ola came to life in 2010 by the efforts of founder Bhavish Aggarwal and cofounder Ankit Bhati who evolved it eventually into a $ 6.2 Bn company. With over 1.5 Mn drivers, the company claims to engage over a billion rides annually. Besides venturing into the self-driving market with Ola Drive, it has also turned up with a connected car platform called Ola Play.
7. Urban Company (Consumer Services)
Formerly known as Urban Clap, Urban Company executes home-based grooming, appliance maintenance, and repair services. Founded in 2014 and valued at close to $ 1 Bn, Urban Company has swimmingly managed to retrieve its business to pre-Covid levels. It is also marked as one of the fastest-growing startups in India helping service seekers and service providers communicate with each other.
8. Dream11 (Fantasy Sports and Entertainment)
Dream11 garnered global repute predominantly because of its association with famous cricketers. Boasting over 50 Mn users today, Dream11 is valued at a thriving $ 1 Bn. Launched by Harsh Jain and Bhavit Sheth in 2011, the company has observed several ups and downs unto its emergence as a unicorn in 2019.
9. OYO (Travel Tech and Hospitality)
India’s largest hospitality company OYO forthwith operates in 800+ cities across India, China, US, Indonesia, UAE, Europe, etc. That which was started up by a budding entrepreneur Ritesh Agarwal back in 2013, is now a $ 16 Bn company with 125K vacation homes, 35K hotels, and over 1.2 million hotel rooms canvasing more than 800 cities in 80 countries. OYO has by late, shifted its focus towards new ventures like OYO Townhouse, OYO Flagship, and OYO Workstation.
10. BYJU’s (Edtech)
BYJU’s is now one of the world’s largest edtech brands which not only offers online courses based on Indian schooling system/curriculum, but also provides study material for various competitive examinations. Valued currently at an outrageous $ 5 Bn, it grew up into an edtech unicorn in 2018 after its initiation by Byju Raveendran and Divya Gokulnath. Since its launch in 2008, it has registered as plenty as 35 Mn users out of which 2.4 Mn are annual paid subscribers.
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