2019 witnessed the addition of over 1300 tech startups in India, with the country reinforcing its position as the third-largest startup ecosystem in the world. As business booms and opportunities grow, Indian startups have continued to find success across every sector. But even among these seemingly innumerable unicorns, there are a few that have surpassed their competition in every way imaginable. Here is a comprehensive list of 5 such startups that have made it big not only nationally, but on the international stage as well.
- Oyo – Traveltech
Globally, the third fastest-growing hospitality chain of leased and franchised hotels, Oyo rooms are now available in more than 230 cities.
Founder: Ritesh Agarwal
Founded in: 2013
Funding: $1.6 billion
Revenue in FY 2018-19: $58 million
Valuation: $5 billion
- Ola – Mobilitytech
Ola cabs provide hassle-free car rental solution in India with the services now expanded to ride-sharing and even food delivering.
Founder: Bhavish Aggarwal and Ankit Bhati
Founded in: 2010
Funding: $3.8 billion
Revenue in 2018-19: $1 billion
Valuation: $5.7 billion
- Paytm – Fintech
India’s largest commerce and mobile payment platform, Paytm has penetrated all parts of the county owing to the Digital India campaign.
Founder: Vijay Shekhar Sharma
Founded in: 2010
Funding: $1.3 billion
Revenue in 2018-19: $520 million
Valuation: $10 billion
- Nykaa – Beautytech
A beauty retailer, Nykaa offers wellness and cosmetics products from over 1000 different brands. Initially starting off as an online retailer, Nykaa’s popularity has allowed it to open a few offline stores in the country as well.
Founder: Falguni Nayar
Founded in: 2012
Funding: $93.3 million
Revenue in 2018-19: $157 million
Valuation: $750 million
- Zomato – Food Delivery
Zomato is a restaurant directly and food delivery app. It has now grown to be available in 23 countries over the globe.
Founder: Deepinder Goyal and Pankaj Chaddah
Founded in: 2008
Funding: $909.6 million
Revenue in 2018-19: $205 million
Valuation: $2 billion
While these are the top 5 startups in India, there are hundreds more that have made a name for themselves in the country and the international market and deserve an honorary mention. Some of these are:
- UpGrad: An edtech startup, UpGrad collaborates with industry experts to provide programs for higher education. The e-learning platform has a learner base of 300,000 users and has received positive recognition.
- TapResume: A hiring platform that uses the power of artificial intelligence and machine learning to curate a list of ideal candidates. The job portal currently serves users in the US and India.
The Indian startup scene is booming. Courtesy to the endless opportunities to make it big and an influential business culture fostered by the businesses that have come before, startups in India are as profitable as they are out of the ordinary. So, if you are a budding startup with a dream to cash in on the big leagues, India is the place for you to make it happen. All that remains for you is to be the change that you wish to drive.