With more than 1.3 billion people and a rapidly growing economy, India is a key country for startups who are engaging massive funds to grab a share of the market. India is a battleground for companies aiming at explosive growth and establishing themselves in an upcoming global tech leader in the long run.
As per a recent NASSCOM report, the Indian startups have seen a 108 percent growth in total funding from $2 billion USD to $4.2 billion USD this year.
Involved in multiple industries, Indian startups are new spearheading businesses primarily through new technologies. Relying upon innovation to create new productive systems, Indian startups are disrupting multiple industries including retail, transportation, hospitality, automotive, food delivery, logistics, finance, and insurance.
Some of these startups are already famous in India, reaching a large part of the population with their products and services. But as they are rapidly growing in the Indian subcontinent, some of these young companies have already launched their operations abroad and started becoming global brands. Generally having become successful for a large demographic, several Indian startups have also already reached the acclaimed “Unicorn” status, that is to say, a valuation of more than a billion US dollars.
8. Paytm Mall
Paytm Mall: E-Commerce, Marketplace – Total funding: $ 795 Million
Paytm Mall is a diversified online marketplace providing products ranging from men and women fashion to electronics and home products, groceries and cosmetics, kids and family as well as cars and other vehicles. It allows third parties to sell their products directly through their application using the Paytm platform. Paytm Mall is also part of the top Indian e-commerce sites.
Delhivery: Logistics, Supply Chain Management – Total funding: $ 819.6 Million.
Delhivery is a logistics and supply chain services company. It provides a dedicated supply chain platform and logistics services including last-mile delivery, parcel transportation, warehousing, freight, reverse logistics, cross-border and technology services.
BYJU’S : EdTech, Education – Total funding: $ 969.8 Million
BYJU’S is an online educational platform and education services provider. It offers an array of online video courses for children of all ages and students preparing exams including CBSE, GMAT, GRE, etc. together with study material and education counseling.
BigBasket: E-Commerce, Delivery Service – Total funding: $ 989.5 Million
BigBasket is an online food and grocery store. Bringing daily shopping to Indians’ home in an easy and convenient experience, BigBasket offers and delivers a wide range of products including fruits and vegetables, meat, rice and dals, packaged products, beverages, and personal care products.
Swiggy: Food Delivery, Mobile – Total funding: $ 1.5 Billion
Swiggy is a food ordering and delivery platform. It provides a curated list of restaurants to choose from and a delivery fleet to bring orders to customers. Thanks to its app, restaurants have access to a new source of customers and people can get food from their favorite restaurants or new discoveries delivered at their doorstep.
OYO: Reservations, Hotels – Total funding: $ 1.7 Billion
OYO is a hotel chain that offers a range of stay experiences across India. Relying upon standardization and the use of its technology platform, OYO revolutionizes budget hospitality with comfortable and affordable hotels. It also provides a portfolio of offers for all types of travelers in India and abroad, in China, Malaysia, Nepal, Indonesia, and UAE.
Snapdeal: E-Commerce, Marketplace – Total funding: $ 1.8 Billion
Snapdeal is a diversified online shopping platform, offering products ranging from electronics and fashion to home and appliances. Backed by famous investors, including Alibaba, Foxconn and SoftBank, Snapdeal is gearing towards competition with the very top e-commerce sites of India.
1. Ola Cabs
Ola Cabs : Ride Sharing, Mobile – Total funding: $ 3.8 Billion
Ola operates a ride-hailing platform. It allows the booking of a range of cabs, bikes and other vehicles through a single mobile app ensuring convenient, transparent, safe and quick urban transportation. Besides India, Ola has expanded its activities to other countries including Australia, New Zealand, and the UK.
Some cities tend to become a hub of startups. India is no different, with the majority of companies getting founded in a handful of cities. Delhi NCR, Bengaluru and Mumbai were ranked the top three cities in terms of the places where the most number of young ventures got formed. But Bengaluru firms claimed almost half of the total equity funding raised by startups in the country, followed by Delhi and Mumbai.
Also, the key acquisitions this year included the buyout of online travel company Yatra by US-based software firm Ebix for $337 million. This year online retail firm ShopClues was also purchased by Singapore-based e-commerce platform Qoo10 for about $100 million in an all-stock deal.
The most active venture capital investors this year in terms of the highest number of investments included Sequoia Capital, Accel and Tiger Global Management. The players such as Steadview Capital, General Atlantic and FMO were among the top private equity firms.
The outgoing year also saw few tech companies making their debut on the stock market. Among them was Noida-based online marketplace IndiaMART which had IPO market cap of $407 million and Gurugram-based mobile marketing platform Affle which had reached a market cap of $269 million, according to Tracxn.