Everyone nowadays, from relatives that you only see during family gatherings to that college friend who always showed up late in class, seems to have an idea for a start-up. Well, it’s not surprising since start-ups have been booming, even here in India. In 2020 alone, seven Indian start-ups reached a value of over 1 billion USD! Unfortunately, most start-ups hardly see the light of day, including those shown in reality tv shows (Shark Tank, anyone?). But there are a few that manage to find success and come out on top. With that said, let’s take a look at the top 5 most successful startups in india.
If someone had told me back in 2010 that a YouTube channel would go on to be one of the most successful EdTech start-ups in India, I would have laughed. But now, with Unacademy, we know that it is possible. Unacademy, in its current form as an online educational platform, was formally founded by Gaurav Munjal, Romesh Saini, and Hemesh Singh in 2014. The company specializes in e-Learning and online test preparation for examinations like IIT JEE, CAT, and GATE. As of 2021, Unacademy is worth over 3.44 billion USD.
RazorPay is a payment platform founded in 2014 by Sashank Kumar and Harshil Mathur. They saw the need for “frictionless transactions”, or in simple terms, an easier form of payment transactions between businesses. This makes it easier for everyone involved since there will be no need to keep track of all those paper bills, which for some reason, disappear just when you need them. It allows businesses to accept, process, disburse and track payments within one online platform. In 2020 alone, around 40 billion USD worth of payment was processed by Razorpay. Currently, the company is valued at over 3 billion USD.
Another successful startups in india we need to talk about is Udaan, a B2B e-commerce platform. It was established in 2016 by Amod Malviya, Sujeet Kumar, and Vaibhav Gupta. Udaan was created to help small and medium-sized businesses deliver products directly from manufacturers and sellers to retailers. This cuts down a middleman, who would usually take the biggest cut, and helps sellers and buyers directly connect. The app has 3 million registered retailers, 30000 sellers and covers 900 cities across India. It is valued at over 7.5 billion USD as of 2021.
Getting rewarded for paying off your bills is no longer a fantasy with CRED. This FinTech company based in Bangalore was founded in 2018 by Kunal Shah. It is a members-only credit payment platform where you can pay your credit card bills and get exclusive rewards like gift cards or access to exclusive events in return. You can also track all your credit card bills within the app. How awesome is that? As of October 2021, CRED is valued at over 5.5 billion USD.
For someone who likes to stay inside while rolled up in your blanket, going outside, making small talk with shopkeepers to buy your groceries can be a tad bit difficult and awkward. That’s where Dunzo comes in. Founded by Ankur Aggarwal, Dalvir Suri, Kabeer Biswas, and Mukund Jha in 2015, Dunzo is an on-demand delivery app. It connects you to a nearby delivery partner who can purchase and deliver any item that you want. The app currently provides services to major Indian cities like Bengaluru, Delhi, Noida, Pune, Chennai, Mumbai, and Hyderabad. As of 2021, Dunzo has a valuation of over 300 million USD.
you can also check this out 10 Startup Companies In Bangalore You Must Know Of
These successful startups in india prove that you can make it big with the right idea and motivation. These start-ups have managed to seize the opportunity and firmly put themselves at the top of an ever-evolving and highly competitive start-up environment. Kudos to these start-ups for paving the way and putting India’s start-up market on the world map.