The ‘Startup Culture’ that India has been witnessing has given birth to some of the most innovative and unconventional ideas and products and we will be listing the top startups in India.
While the sole aim of all these idea-generating startups has been to ensure the maximum comfort and benefits for their targeted customers, these have also proven to be good profit generating mechanisms for investors and businesses alike.
For instance, the financial year 2018-2019 saw an inflow of USD 50 Billion for the USD 48 Billion in foreign risk capital, suggesting that investors are making good money by investing in the Indian market.
This blog post focuses its attention explicitly on some of the booming and upcoming tech startups in the country. With no shortage of problems in India, every new issue offers a potential market to be capitalized.
This has led to a pattern that is characterized by disruptive innovation, one that goes beyond the existing norms and rules.
Almost unsurprisingly, consumer tech, enterprise tech, and fin-tech startups have all topped the charts (2012 through 2018) when it comes to return on investments and attractive markets for future investments. This makes technology-oriented startups the right trend path to follow.
Here are the top startups in India to look out for:
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Dunzo
Dunzo is a delivery services company based out of Bengaluru. Founded in 2014 by Kabeer Biswas, along with co-founders Ankur Agarwal, Dalvir Suri, and Mukund Jha, it offers its services in Bengaluru, New Delhi, Gurgaon, Pune, Chennai, Mumbai, and Hyderabad.
The highlight of the startup has been the USD 12 Million funding that it had received from Google in 2017, making it Google’s first direct startup investment in India.
The company offers a wide variety of services from the pickup and drop services to online restaurant discovery to grocery, laundry, and medicine home delivery. ‘dunzoing’ has become the new trend, with customers choosing to use these services to do everything from buying groceries to arranging last-minute gifts.
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LBB – Little Black Book
Wondering what to do on the weekend? Don’t know which Chinese restaurant to take your friends to? Interested to know more about Shakespearean plays? Then all you need is ‘LBB’ or the ‘Little Black Book’ which is a one-stop destination for everything from food, fashion, entertainment, to sports activities in your city.
The Delhi-based Little Black Book, founded by Suchita Salwan in 2012, started as a Tumblr blog with an initial investment of Rs 80,000 before it transformed itself into an online platform for cultural goings-on.
Currently offering its services in 8 cities in India, Salwan and her co-founder Dhruv Mathur, an alumnus from Carnegie Mellon University, has almost revolutionized the ways to rid yourself of boredom.
Although their audience mainly includes the Millenials and Gen Z, their wide variety of choice offerings attracts the attention of customers from other age groups as well. This is especially true for their new product offering – ‘LBB Specials’, a curated marketplace for local products.
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Razorpay
Founded in 2014 by IIT Roorkee alumni Harshil Mathur and Shashank Kumar, Razorpay is India’s only online payment solutions provider for businesses. It is the easiest way for businesses to accept, process, and disburse payments to and from their customers and suppliers.
With its headquarters in Bengaluru, Razorpay now services more than 200,000 businesses, including top names in the market such as Bharti Airtel, IRCTC, Swiggy, Zomato, BMW, Spicejet. Bookmyshow, Zoho, etc.
Right from the generation of payment gateways to easy creation of payment links, subscription plans, and virtual accounts to accept NEFT, RTGS, and IMPS, the company ensures that all processes with respect to payments are entirely taken care of safely and securely under one banner.
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Jumbotail
Jumbotail is a Bengaluru-based B2B e-marketplace founded in 2015 by Ashish and Karthik, two Stanford MBA graduates. The prime aim of the company is to connect neighbourhood Kirana stores to the supplier’s ecosystem of staple producers, traders, and FMCG brands.
With a full-scale supply chain, logistics, and warehousing system in place, Jumbotail acts as a middleman between these ‘mom and pop stores’ and their subsequent suppliers.
The Nexus Venture Partners-backed startup also provides delivery of groceries at the shopfront and arranges working capital credit for store owners through its lending partners while thousands of store owners have benefitted from this venture, big brands such as Marico, Mars Wrigley, and Reckitt Benckiser among others, to have only good things to say about Jumbotail.
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BrowserStack
BrowserStack is a cloud web and mobile testing platform that enables its customers to test run their mobile applications and websites across various operating systems and 2000 plus browsers and mobile devices.
Established in 2011 by Ritesh Arora and Nakul Aggarwal, the company, with its headquarters in Mumbai, has four main product offerings – Live, App Live, Automate, and App Automate. After being bootstrapped for almost seven years, BrowserStack hit headlines when it received the largest ever Series A funding round of $50 million, led by Accel Partners. As many as 2 million developers and more than 25,000 paying customers, including the likes of Walt Disney, Tesco, and Facebook, use its reliable testing platform regularly.
