Top Indian Startups To Watch in 2023

Updated Dec 2, 2022.
Top Indian Startups

India has a strong startup culture, where most people are involved in the business. It is one of the best countries to start a business.

The Government of India is primarily responsible for advocating the startup culture among the people, resulting in a profitable Indian startup ecosystem. Its startup initiative has improved the country’s economy and, in turn, the lives of the people of India.

Although not all startups and tech startup ideas succeed, many successful startups in India have emerged as business giants with many employees and high revenue.

This article will cover the most successful startups to watch out for in India.

Let’s get started.

The Most Valuable Startups in India

India is full of business people, and startups are common in most communities and cities. Certain startups have become influential and valuable based on how their activities and products have impacted people’s lives and the country.

These startups are major players in the business sphere, controlling a vast range of resources, generating high revenue, and providing quality employment to the people of India.

Here are the most valuable startups in India.

1. Cred

Total Capital Raised: $801.5 Million (as of June 9, 2022)

Cred - Rewards for paying credit card bills

Cred is considered one of the most valuable startups in India. It was funded by Kunal Shah, a top Indian entrepreneur, in Bangalore in 2018.

The credit card processing company is valued at approximately $2.2 billion. Among various Indian startups, it is among the youngest to receive such a high evaluation.

This online platform reward users with a digital currency called Cred Coins for paying their credit card bills. The reward strategy encourages its members to keep paying bills on time to earn Cred Coins. You can redeem Cred Coins for various bonuses, discounts, and attractive offers.

Cred is a fast-growing startup with big plans for the future, including starting an eCommerce store, among various innovative ideas. The startup has more than six million customers and 250 – 500 experienced workers.

2. Skit.Ai

Total Capital Raised: $28.1 Million (as of September 1, 2021)

Skit.Ai - The Skit Augmented Voice Intelligence Platform

Skit.Ai was formerly known as Vernacular.ai. This Indian startup was founded in Bangalore in 2016 and had approximately 50 to 100 skilled employees. The founders of Skit.Ai include Akshay Deshraj, Manoj Sarda, and Sourabh Gupta.

This Skit augmented voice intelligence platform focuses on providing Artificial Intelligence (AI) software as a service, with the vision of being the best Artificial Intelligence platform in voice automation.

The company possesses 10 million hours of work data and landed big clients such as Axis Bank, Hathway, Porter, and Barbeque Nation.

Various industries, such as banking, food, and hospitality industries, benefit from certain services the company offers, like voice assistants and speech recognition features.

Skit.Ai announced the appointment of a new Chief Revenue Officer in the person of Gangadhar Kodandaram and Ankit Jain as Vice President for product management.

Additionally, the company offers effective digital voice agents skilled in handling real-time empathetic, personalized, and proactive conversations. The voice assistant product can respond in 16 different languages.

3. PharmEasy

Total Capital Raised: $1.6 Billion (as of November 1, 2021)

PharmEasy - What are you looking for

PharmEasy is among the top startups in India; a Mumbai-based company focused on the diagnostics, health care, and pharmaceutical industries. It was founded by Dhaval Shah, Dharmil Sheth, and Mikhail Innani in 2015.

This unique company’s online medical store is packed with every item available in a physical medical or pharmacy store. The products and services available in this store include OTC products, medical instruments, diagnostic tests, and much more.

PharmEasy grew significantly since the COVID-19 pandemic, gaining popularity and becoming an essential service today.

After the company’s merger with Medlife, the startup raised over $350 million and competed with big e-pharmacy brands such as  Flipkart and Amazon Pharmacy.

PharmEasy offers services such as linking patients with local diagnostic centers, supplying medical needs, and assisting with crucial medicine delivery.

4. Digit Insurance

Total Capital Raised: $585.6 Million (as of May 4, 2022)

Digit Insurance - Do the Digit Insurance

Digit Insurance is a general insurance company focusing mainly on finance and insurance. This Indian startup was founded by Sriram Shankar, Kamesh Goyal, Philip Varghese, and Vijay Kumar in 2016, with its headquarters in Bangalore.

Based on the company’s excellence in its activities, Digit Insurance has received various prestigious awards, such as Asia's Best General Insurance Company of the Year 2019 and Hottest Startup in India 2019.

When the entire insurance industry experienced difficulties in its operations, Digit Insurance grew by 30% in 2022. The company became popular when it was able to provide illness insurance against various diseases, such as COVID and malaria.

Digit Insurance has a unique mission to simplify insurance products for people in different categories by redesigning the insurance process and reimagining products.

5. Meesho

Total Capital Raised: $1.1 Billion (as of October 20, 2021)

Meesho - Lowest Prices Best Quality Shopping

Meesho is an online shopping site founded by Sanjeev Barnwal and Vidit Aatrey in 2015. The company is located in Bangalore and covers social media and ecommerce industries.

With Meesho, the process involved in launching your products from the comfort of your home is easier and affordable.

This Indian startup is one of the trusted and largest reseller platforms. The company has approximately 1000 to 5000 skilled employees valued at over $2.1 billion.

Meesho connects buyers with sellers in an online marketplace. Simultaneously, the startup helps simplify the sellers' transaction process by assisting them in payment, orders, and logistics.

The company deals in various goods, from food items to clothing and electronics. Meesho has successfully connected with 13 million entrepreneurs.

6. Groww

Total Capital Raised: $393.3 Million (as of Oct 24, 2021)

Groww - Invest in Futures & Options

Groww is an investment platform founded by Harsh Jain, Ishan Bansal, Lalit Keshre, and Neeraj Singh in 2017 and is located in Bangalore. It began due to the knowledge of how difficult investing is for a commoner in India.

The company makes it possible for people of different age groups to invest ther money. Its founders have stated that more than 60% of its users are people who come from smaller cities and have never invested before.

As one of the best startups to work for in India, Groww is entering the mutual funds space by acquiring Indiabulls Asset Management Company. The company raised $83 million in 2021, which granted the company access to the unicorn club.

7. OYO

Total Capital Raised: $4 Billion (as of January 13, 2022)

OYO - Over 157000 hotels and homes across 35 countries

OYO stands for On Your Own, a multinational online travel agency for hotels and homes. The startup was founded in 2012 and provides hotel accommodations at affordable rates in India. It offers complimentary rewards, breakfast services, and holiday packages.

The company is the third largest hospitality chain in the world, founded by Ritesh Agarwal, with its headquarters in Gurgaon.

OYO has over 17,000 employees globally, of which approximately 8000 are in India and South Asia. The company hopes to spread its influence and services to other countries worldwide in the coming years.

8. Nykaa

Total Capital Raised: $148.5 Million (as of November 26, 2020)

Nykaa - Buy Cosmetics Products & Beauty Products Online

Nykaa is one of the prominent online beauty and wellness stores that offers its customers good quality products at affordable prices. Falguni Nayar founded the Mumbai-based company in 2012.

The startup’s net worth is over $2.1 billion, with popular Bollywood artists such as Alia Bhatt and Katrina Kaif as its investors.

Nykaa is making waves and is projected to raise over $3.5 billion in the coming year. It has over 55 retail stores and completes over 1.5 million orders monthly.

The online beauty and wellness store can confidently boast of having over 5 million monthly active users and covers 500 various brands in its online and physical stores.

9. Udaan

Total Capital Raised: $1.5 Billion (as of January 5, 2022)

Udaan - India's largest B2B Platform for businesses & shop-owners
Source: CBInsights

Udaan is a Bangalore-based startup focusing on business development, e-commerce platforms, retail, and B2B industries. Amod Malviya, Sujeet Kumar, and Vaibhav Gupta founded Udaan in 2016.

The platform is designed to connect businesses and foster collaboration and networking among manufacturers, retailers, wholesalers, and traders for all their transactions to occur seamlessly.

Udaan has over 3 million users from 900 different cities within India. The startup successfully signed major brands such as  Boat Lifestyle and ITC and acquired its unicorn status in 2018 within a short period.

Udaan’s net worth is over $3.1 billion. It raised over $280 million recently because of its investor’s input. The startup is not slowing down in its activities; Udaan is expanding by venturing into the B2C market via its Pickily app.

You can consider brands like BigBasket and Swiggy as the startup’s major competition because they also offer their customers FMCG products.

10. Swiggy

Total Capital Raised: $3.6 Billion (as of January 24, 2022)

Swiggy - Order food from favourite restaurants near you

Swiggy is a food delivery platform launched in 2014 by Rahul Jaimini, Sriharsha Majety, and Nandan Reddy. It was originally launched in Bangalore and has spread to over 27 cities covering over 40 thousand restaurants.

The startup has a net worth of $5 billion and recently raised over $800 million in funding. Swiggy focuses on the restaurant and delivery industries and provides one of the best customer service experiences.

You enjoy one of the best startup experiences in India with Swiggy. The company has evolved to the level where it can excel and give big players like Foodpanda and Zomato tough competition.

11. Urban Company

Total Capital Raised: $445.9 Million (as of June 2, 2021)

Urban Company - Quality home services, on demand

Urban Company is an Indian startup that serves as a marketplace for independent contractors. Abhiraj Singh Bhal, Raghav Chandra, and Varun Khaitan founded the company in 2014, with headquarters in Gurgaon.

This top Indian startup has successfully employed 1,001-5,000 to help carry out the company’s activities and ensure consistent productivity.

Further, Urban Country has gone through twelve different funding rounds and got the attention of sixteen different investors interested in the company’s operations.

These investments supported the Urban Company with the sum of $445,920,356 to ensure the company’s growth and development. The company operates in Home Services, Marketplace,  Apps, and Service industries.

12. Delhivery Delhivery

Total Capital Raised: $1.4 Billion (as of September 6, 2021)

Delhivery - Tracking Your Shipment Has Never Been Easier

Delhivery Delhivery operates as a supply chain management firm founded in 2011 by Bhavesh Manglani, Sahil Barua, Kapil Bharati, Mohit Tandon, and Suraj Saharan, with its headquarters located in Gurgaon, India.

The Indian startup has many employees working in the company, and their number ranges from 5,001-10,000 staff members who are dedicated and committed to the growth and development of the company.

Delhivery Delhivery, since its inception, has conducted eleven successful funding rounds with thirteen investors interested in the company’s operations and proceeded to support Delhivery Delhivery with the sum of  $1,236,569,361.

The company functions in various industries, including eCommerce, logistics, transportation, warehousing, freight service, last-mile transportation, shipping, and supply chain management.

13. Slice

Total Capital Raised: $341.2 Million (as of June 1, 2022)

Slice - The simplest way to pay

Slice is a notable fintech startup supported by partners such as Moore Strategic Ventures, Insight Partners, Tiger Global Management, and GMO VenturePartners.

These partners have helped the company achieve so much in their operations and promote growth and development within the organization. During the company’s Series C funding round, these organizations invested $50 million.

Slice promised to use these funds to promote the growth of its new UPI product line and expands into other financial services. The company successfully raised a total of $341.2 million from investors to promote the company’s plan.

Top 10 Most Profitable Indian Startups

Indian startups are thriving because of their large population. Although there is a staggering amount of startups that do not succeed beyond their first two years, there are startups that do not only survive but become profitable.

The most profitable startups in India have various investors funding their activities and are generating healthy business revenue for their business owners and investors.

1. Zoho Corp

Revenue (FY 2021): ₹5,230 crores (US$650 Million)

Zoho Corp - Business software is our craft

Zoho Corp is a prominent multinational software development company focusing on web-based business tools. Sridhar Vembu and Tony Thomas founded Zoho Corp in 1996.

The organization is popular for its online office suite ‘Zoho Office Suite. Its head office is in Chennai, Tamil Nadu, India, and it has seven other locations in India. This startup has its corporate headquarters outside Austin in Del Valle, Texas.

There are various investors in Zoho Corp, and a major stakeholder is Shridhar Vembu’s sister, Radha Vembu.

Zoho Corp was formally known as  AdventNet, Inc. before it was renamed  Zoho Corporation in 2009 after it launched its online office suite.

The corporation released various projects, such as Zoho CRM in 2005 and Zoho One in 2017 (a comprehensive suite of over forty applications). It had a customer base of over 50 million in January 2020.

2. Zerodha

Revenue (FY 2021): ₹2,729 crores (US$361.07 Million)

Zerodha - Invest in everything

Zerodha is India’s biggest stockbroking platform, founded in 2010 by Nithin Kamath and Nikhil Kamath to make investing in stocks seamless and stress-free.

The startup alone changed the entire stock trading industry without having to raise external funding or market its product.

Presently, the company charges just Rs 20 (or 0.03% as commission) from each customer based on every intra-day trade.

3. Mu Sigma

Revenue (FY 2021): US$150.0 Million

Mu Sigma is a popular decision sciences company in India that offers analytics services. The startup was launched in 2004 by Dhiraj Rajaram in Bangalore, and its global delivery center and headquarters are in Chicago and Illinois.

Dhiraj Rajaram, the founder of Mu Sigma, was formerly a strategy consultant at Booz Allen Hamilton and PricewaterhouseCoopers.

The company received its first international investment worth $30 million from FTV capital, formerly FTVentures, in 2008. Additionally, Mu Sigma received $25 million from Sequoia Capital in April 2011.

In December 2011, Sequoia and growth investor General Atlantic gave the company $108 million as funding, with a $45 million investment from MasterCard, which moved the organization beyond the $1 billion (Rs. 5,400 crores) milestone.

4. Games24x7

Revenue (FY 2021): US$173 Million

Games24x7 - Raho ek kadam aage

Games24x7 is an Indian-based online gaming company with various features, including casual games (Ultimate Games) and skill games (RummyCircle and My11Circle).

The firm was founded in 2006 by Bhavin Pandya and Trivikraman Thampy, New York University-educated economists. It has its head office in Mumbai and is supported by prominent investors like The Raine Group and Tiger Global.

Games24x7 is focused on using behavior science, artificial intelligence, and technology to offer excellent gaming experiences across all platforms.

The company has launched various successful projects, such as a casual games studio, Ultimate Games, to program and develop new games for the global market.

Games24x7 operates RummyCircle, the top online rummy platform, and My11Circle, a popular fantasy sports platform in India. The company is spread across three continents with offices in Kyiv, Philadelphia, Mumbai, Bengaluru, and Miami.

5. Infoedge

Revenue (FY 2021): ₹1,277.396 crore (US$145.5 Million)

Infoedge - Info Edge is India’s premier online classifieds company in recruitment, matrimony, real estate, education and related services

Infoedge was founded in 1995 by Sanjeev Bikhchandani, an Indian pure-play internet company located in Noida, Uttar Pradesh.

The company runs a real estate classifieds platform 99Acres.com, a job discovery platform AmbitionBox.com, an online job portal called Naukri.com, a matrimonial website Jeevansathi.com, and an education website Shiksha.com.

Infoedge initially reproduced classified advertisements for newspapers on its website when it was founded but has since evolved and launched projects like 99acres.com in 2005, Jeevansathi.com in 1998, and Shiksha.com in 2008.

This profitable pure-play internet company went public in 2006 under the name “Naukri.” “Naukri” job portal generated 70% of the company’s revenue in 2018.

6. Dream11

Revenue (FY 2021): ₹ 2,554.4 crore ($340 Million)

Dream11 - It's easy to start playing on Dream11

Dream11 is a prominent Indian fantasy sports platform founded in 2008 by Bhavit Sheth and Harsh Jain in Mumbai. The platform lets users play fantasy sports such as kabaddi, basketball, cricket, hockey, football, etc.

After struggling for three years to hit a milestone of 1 million users, the platform presently has over 100 million users due to the mass interest in sporting activities by youths in India.

Dream11 became the first Indian gaming company to attain unicorn status in April 2019 and has raised over $400 million. The company’s valuation is above $5 billion and has experienced massive growth of over 230% over the past few years.

Major investors such as Kalaari Capital, Think Investments, Multiples Equity, and Tencent hold an investment in Dream11.

This increase came during the pandemic and became even greater after it, for more people had learned about the platform and continued to participate in its activities.

7. BillDesk

Revenue (FY 2021): ₹2,124.2 crore

BillDesk - Delight Customers with Integrated Payment Solutions

BillDesk is an online payment gateway company that offers its customers an online payment platform to ease transactions via banks and merchant's websites. The company has its headquarters currently located in Mumbai.

This startup was founded by M.N. Srinivasu, Ajay Kaushal, and Karthick Ganapathy in 2000. These three entrepreneurs worked in Arthur Andersen LLP, an American accounting firm.

BillDesk launched Coinome in 2017, India's first cryptocurrency exchange, and was later acquired by PayU in 2021.

8. FirstCry

Revenue (FY 2021): ₹1,740 crore

FirstCry - Baby Products Online in India

FirstCry is an ecommerce company launched in 2010 by Amitava Saha, Supam Maheshwari, Prashant Jadhav, and Sanket Hattimattur. The company’s initial focus was retailing baby products but evolved beyond that niche.

As of 2020, FirstCry had acquired over 380 stores in India. The company launched its first shop in Srinagar in the Series E funding round.

In 2016, FirstCry acquired BabyOye, a Mahindra Group-owned company, for Rs 362 crores, equivalent to US$58 million in 2020. FirstCry also acquired Oi Playschool.

9. Mindtickle

Revenue (FY 2021): US$11.0 Million

Mindtickle - Be Ready to Create Sales Excellence

Mindtickle is an Indian startup offering a sales readiness solution to close customer-facing teams' skills and knowledge gaps.

Sales teams in various industries utilize MindTickle’s platform to educate, train, coach, and align their sales teams for more effectiveness and efficiency.

Mindtickle combines effective strategies like gamification, coaching, on-demand online training, bite-sized mobile updates, and role-playing with a data-driven approach.

The company also speeds up its productivity time, ensures consistent execution, and helps drive sales performance.

Mindtickle is a privately owned global company in San Francisco, California, and Pune, India. The company acquired big investors like Accel, Norwest Venture Partners, Canaan, NEA, NewView Capital, and Softbank.

10. EaseMyTrip

Revenue (FY 2021): ₹138.5 crores (US$$27.84 Million)

EaseMyTrip - Search Lowest Airfare

EaseMyTrip provides bus bookings, white-label services, hotel bookings, airline tickets, and holiday packages.

The startup is an online travel agency headquartered in New Delhi, India. It was founded by  Nishant Pitti, Rikant Pitti, and Prashant Pitti in 2008. The company also has Singapore, Dubai, Maldives, and Bangkok offices.

EaseMyTrip expanded its operations and activities in 2019 to international markets like the United Kingdom, the United States, the Philippines, United Arab Emirates, Singapore, and Thailand, with revenues of 59.78 billion euros.

The company acquired various organizations, such as Spree Hospital, and became a unicorn after its market cap exceeded $1 billion.

Innovative and Fast-Growing Indian Startups to Watch

1. TradeX

Total Capital Raised: $169.4 Million (as of December 17, 2021)

TradeX - Trading Platform for Future Events

TradeX is a fintech firm founded in 2021 by Divij Goyal and Ankit Shrivastava and is presently based in New Delhi, India.

The startup functions in the fintech market and offers its users a prediction-based market trading platform that assists them in making opinion-based trades, resulting in them being rewarded for correct predictions.

A group of nine investors supported the total investment and funding round. These investors supported the funding round based on their hope that TradeX would eventually turn out successful and become big enough not to be ignored, and they were right.

2. IppoPay

Total Capital Raised: $2.4 Million (as of January 11, 2022)

IppoPay - ALL-IN-ONE Payments App Power your Store like never before

IppoPay is an Indian startup founded by Jai Kumar, Mohan Karuppiah, and Thangaraj Sofiya in 2020 and is currently based in Chennai, India. The firm generates revenue by deploying and providing digital payment gateways.

IppoPay services make it easy for freelancers, SMEs, and small businesses to take payments. The company has gone through two major funding rounds since its inception; it had one in 2021 and another in 2022.

Due to the support of seven investors involved in their funding rounds, the company raised around $2.4 million. These funds were instrumental in the next most important of the company’s activities.

3. Refyne

Total Capital Raised: $105.1 Million (as of January 11, 2022)

Refyne - Asia's largest Earned Wage Access provider

Refyne is a profitable startup in India founded in 2020 by Apoorv Kumar and Chitresh Sharma, with its head office currently based in Bengaluru, India. It provides employers with a platform to release Earned Wage Access to their employees.

The company’s services help to eliminate stress in the employee payment process and to enhance the financial literacy of individuals employed by various Indian companies.

Refyne has attracted notable investors who have greatly supported the company's course with significant funding rounds in 2020, 2021, and 2022.

The company’s funding rounds got the attention of eight notable investors who pledged $102.1 million to help enhance the business activities and ensure that the company continues growing and expanding.

4. AarogyaAI

Total Capital Raised: $855.5K (as of January 7, 2022)

AarogyaAI - AarogyaAI enables clinicians to make data driven decisions towards increased positive treatment outcomes

AarogyaAI was founded in 2019 by Avlokita Tiwari and Praapti Jayaswal within its headquarters in New Delhi, India.

The company is focused on providing medical technology powered by artificial intelligence to assist with the diagnosis and early detection of drug-resistant Tuberculosis.

This action helps improve patient health care outcomes and enables them to get quick access to treatment based on the early discovery of their illness.

AarogyaAI has attracted influential investors who supported the company during its four successful funding rounds.

The startup has been able to acquire a significant amount of funds from these funding rounds and also got the attention of a group of four major investors who gave their financial support to the company during these rounds.

5. Glamplus

Total Capital Raised:  ₹71.7 Million (as of January 11, 2022)

Glamplus - All-in-One Software for Salon Management

Glamplus is an Indian startup founded by Divyanshu Singh in 2020, with its head office in Bengaluru, India. This SaaS platform offers a cosmetics and beauty product marketplace for beauty saloons.

The platform enables its customers to easily access the things they require for their jobs, such as invoicing and appointment tracking. Since its launch, the company has had two major funding rounds, which occurred in 2021 and 2022.

As a result of these funding rounds, nine prominent investors pledged their support to the company and its activities financially with the sum of 71.7 Million Indian Rupees.

6. Unbox Robotics

Total Capital Raised: $9.1 Million (as of December 22, 2021)

Unbox Robotics - Elevating Fulfillment

Unbox Robotics was founded in 2019 by Pramod Ghadge and Shahid Memon, with its headquarters in Bangalore, India.

The Indian startup aims to enhance logistics operations' profitability and effectiveness through Artificial Intelligence-powered solutions explicitly to carry out warehouse-related activities.

This technology has helped organizations to enhance their order processing and to carry out difficult and time-taking activities more swiftly.

Since the company's inception, it has conducted seven significant rounds of startup funding and, in the process, has successfully attracted the support of twenty-two significant investors. These investors contributed the sum of $9.1 million.

7. Rupifi

Total Capital Raised: $38.8 Million (as of March 22, 2022)

Rupifi - Simplest & fastest B2B payments ever

Rupifi offers B2B fintech services. It was founded in 2020 by Ankit Singh, Anubhav Jain, and Jawaid Iqbal, with its current base in Bengaluru, India.

The company's services make it easy for small businesses to raise the capital required to carry out their business activities. It provides working capital and payment services accompanied by loans.

Rupifi, since it started, has been significantly active and involved in raising funds to grow and develop by organizing eight funding rounds within two years. These funding rounds have been primarily responsible for the company's progress.

They got the attention of seventeen notable investors who saw the business's potential and what it could become in India and expand to other parts of the world.

Through the support of these investors, the company has been able to raise funds worth $38.8 million.

8. OneDios

Total Capital Raised: $1.2 Million (as of January 11, 2021)

OneDios - Get Services from all brands

OneDios is a successful Indian startup founded by Amit Sharma in 2019, and its current base is in  Noida, India. It offers a suitable platform for aggregating customer requests.

The implication of using the OneDios platform is that businesses, either small or big, will be able to enhance their sales and marketing strategy by accepting and evaluating the feedback and requirements of their customers.

OneDios has been around for two years, and within that period, it had just one major funding round, which occurred in January 2022.

The company acquired the support of a group of five notable investors in this round of funding, which allowed the company to a figure of $1.2 million in startup funding.

9. Skippi Ice Pops

Total Capital Raised: ₹10 Million (as of Dec 28, 2021)

Skippi Ice Pops - Childhood Favourites Reinvented

Skippi Ice Pops was founded by Ravi Kabra in 2020 and had its head office in  Hyderabad, India.

The startup aims to tackle these tasty threats' environmental impacts and sustainability issues. It creates healthy alternative products that will offer the same satisfaction to the consumer but are not as harmful to the environment as these threats.

Skippi Ice Pops has been around for approximately two years. Since its inception, the company has had just one Seed funding round, which took place in December 2021.

From this particular round of funding, Skippi Ice Pops acquired the attention and commitment of five investors who helped the company raise around 10 Million Indian Rupees.

10. Groyyo

Total Capital Raised: $44.6 Million (as of June 14, 2022)

Groyyo - Asia’s leading B2B Manufacturing Growth Platform

Groyyo is an Indian startup founded in 2021 by Subin Mitra, Ridam Upadhyay, and Pratik Tiwary and is currently based in Haryana, India. The startup provides a sustainable solution for automation and B2B manufacturing.

This solution enables B2B manufacturing and automation businesses to enhance how effectively they carry out their activities and operations. It eventually results in a positive impact on the bottom line of the companies in this sector.

Groyyo has had just one Seed funding round since its inception. The funding round occurred in January 2022, and the company attracted the attention of seven investors.

These investors have collectively invested $4.6 million into Groyyo because of their potential in the company and how its operations will improve the world.

11. Bambrew

Total Capital Raised: $2.35 Million (as of January 6, 2022)

Bambrew - A Step Towards a Beautiful Tomorrow

Bambrew is an Indian startup founded by Vaibhav Anant in 2019, with its head office currently located in Bangalore, India. It aims to redefine the packaging industry in a more environmentally friendly manner.

The company aims to achieve this initiative by developing technology and coming up with ways to package products in a less wasteful manner that is better for the planet.

Bambrew had two successful Seed funding rounds in 2020 and another in January 2022. These funding rounds gave the company the publicity it deserved and got the attention and support of a group of eight prominent investors.

Investors have supported the company with a total of $2.4 million because of its potential and how its activities will help advocate sustainability and improve people's lives worldwide.

12. Tournafest

Total Capital Raised: ₹30.5 Million (as of December 16, 2021)

Tournafest - Your One-Stop Esports Destination

Tournafest is an Indian startup founded by Ayush Agarwal and Kaustubh Trivedi in 2021. It has its headquarters currently situated in Jaipur, India.

The startup has successfully established a one-stop platform for gamers designed to improve their skills and vitally participate in competitions safely, motivating, and fun way.

Tournafest has had just one fundraising round since it started in 2021. The fundraising round occurred in December 2021, which allowed the company to gain support from a group of six investors who helped it achieve its goals seamlessly through its contribution.

13. Healthquad

Total Capital Raised:₹75 Million (as of December 23, 2021)

Healthquad - India’s Leading Healthcare Innovation Fund

Healthquad is focused on health-related products and services. The startup was vitally involved in developing and launching a comprehensive fitness and health platform that provides an enhanced fitness experience by offering insights and data to customers.

Deepak Bhardwaj founded Healthquad in 2019, and the company is presently located in Gurgaon, India.

Since the company was founded in 2019, Healthquad has had just one Seed funding round that occurred in December 2021.

A sole investor who saw the benefit of the company and what its product will do to help people and improve their lives supported Healthquad with a pledge of 75 Million Indian Rupees.

14. BikeWo

Total Capital Raised: Undisclosed (as of January 10, 2022)

BikeWo - Support for Repairs and recharging across roads you drive

BikeWo vis an Indian startup founded by Vidhyasagar Reddy in 2021, with its headquarters currently located in Hyderabad, India.

The company offers support and special services to vehicles with two wheels in the EV industry, such as Segway, Bicycles, Motorized bicycles, Recumbent bicycles, and Motorbikes.

BikeWo helps provide reapers, expertise for charging ports, and other infrastructure items for the market. Based on the growth and improvement expired in the EV industry, BikeWo has arrived as an answer to the need in the industry.

Regarding funding, BikeWo has gone through an Angle round of funding. This funding exercise was supported by a prominent investor who saw the company's potential, and the amount of funding raised by the company is unspecified.

15. Mainstreet

Total Capital Raised: Undisclosed (as of January 6, 2022)

Mainstreet - For all the shoes we've loved before

Mainstreet is a famous Indian startup founded in 2019 by Vedant Lamba, with its head office in Mumbai, India. The company is mainly into clothes and accessories.

Mainstreet offers a platform that enables its users to purchase a vast array of premium accessories, including shoes and other pieces of apparel. These items are of high-quality materials that do not easily fade or get spoilt when affordable.

Since the company started in 2019, it has had one major funding round. Through this startup funding round, the company got the attention of eight investors who invested significantly in the company’s vision.

Mainstreet has not disclosed the total amount invested by these investors.

16. Lahori

Total Capital Raised: $15 Million (as of January 10, 2022)

Lahori - Life me laga Zeera Tadka

Lahori is an Indian startup that deals in beverages and soft drinks. The company is based in Mohali, India, and was founded in 2021 by Saurabh Munjal.

Lahori makes its money via direct-to-customer sales of various beverages and soft drinks produced by the company.

The company is pro-health, and the drinks they produce are healthier than many other alternatives on the market. Lahori had just one funding round in January 2022 after its inception.

This Seed funding round was successful and resulted in the company getting the attention of one investor who showed interest in the company’s activities and believed in the potential of the company.

Belgium-based Verlinvest supported the startup with $15 million to enable them to carry out its activities effectively and seamlessly.

17. Living Food

Total Capital Raised: $7.5 Million (as of January 5, 2022)

Living Food - Healthy Hummus Dips

Living Food Is an Indian startup founded by Akash Sajith, Niranjan Satheesbabu, and Shikha Lakhanpal in 2018.

The company is presently situated in Bangalore, India. Living Food generates its revenue via an online e-commerce platform that grants its users access to purchase fresh farm produce that is locally sourced. This platform helps in the reduction of the carbon footprints of its users.

The company has successfully conducted three significant rounds of startup funding, resulting in the company receiving investment from six investors, who have backed Living Food to the value of $7.5 million.

18. Nestasia

Total Capital Raised: $4 Million (as of December 15, 2021)

Nestasia - Buy Home Decor Items Online

Nestasia is an Indian startup founded by Aditi Murarka and Anurag Agrawal in 2018, with its head office currently located in Kolkata, India.

The company offers handcrafted goods and special items sourced globally from suppliers who use only materials that are not harmful to the environment.

These unique items are attractive and perfect for various purposes depending on what the buyer purchases and intends to use the item. The company stands out among others because its products are handcrafted goods from environmentally friendly materials.

Nestasia, since the company started, has gone through just one round of startup funding in December 2021. During this funding round, the company successfully received funding from six notable investors who supported the company by investing a total sum of $4 million.

19. Deciwood

Total Capital Raised: ₹15 Million (as of December 21, 2021)

Deciwood - Unplagged Wooden Bluetooth Speaker

Deciwood is an audio technology company founded in 2018 by Ananya Meena with its base in the Indian city of Delhi. The Indian startup focuses on audio technology and produces quality speakers from wood and specific tubes to improve sound quality.

Deciwood’s selling point is the uniqueness of its products, as they are scarce and not readily available. The products used in the manufacturing process of the speakers are environmental-friendly products and partly recyclable.

Since the company was founded in 2018, Deciwood has conducted just one Seed funding round in December 2021.

Through this funding round, Deciwood was able to attract the attention of a group of five prominent investors who saw the potential of the company’s product and collectively supported the company with the sum of 15 Million Indian Rupees for growth and development.

20. Minko

Total Capital Raised: $1.5 Million (as of  December 22, 2021)

Minko - Grow your Business with Minko

Minko was founded in 2017 by Sanket Shendure and Sanmati Shendure, with the company’s headquarters currently located in Sanquelim, India.

The Indian startup provides a retail fintech solution that assists small and medium businesses like shops and other retail brands to access significantly required credit facilities for business growth and increased productivity.

Minko conducted its first round of funding in December 2021, which enabled the business to attract the attention of thirteen significant investors.

After the investors heard the business pitch delivered, they committed to investing, which resulted in the company raising a figure of $1.5 Million.

21. LivSpace

Total Capital Raised: $431.6 Million (as of February 7, 2022)

LivSpace - A home so good, you'll love the way you Liv

LivSpace is an Indian interior design startup founded by Anuj Srivastava Ramakant Sharma in 2014, with its headquarters in  Bengaluru, India.

The company connects people that require the help of expert interior designers, products, and other services to ensure that the users get the best of what they require regarding interior designs.

LivSpace is one of the unicorn startups in India, and the startup claims to have employees that range from 1,001-5,000 in number. These employees have contributed much will ther skills to ensure that the company offers its best services to its users.

The company has successfully gone through eight Seed funding rounds, which resulted in a group of seventeen notable investors committing to the company's advancement by investing $431.6 million. LivSpace recently raised funding of $180 million in its Series F round.

22. ZobHunger

Total Capital Raised: $17 Million (as of February 20, 2022)

ZobHunger is an Indian startup founded by Sachin Kr Sahu and Shailesh Kumar Sahu in 2020, with its headquarters in Ghazipur, India.

The company specializes in helping other businesses to carry out their marketting effectively by offering expert support on the company’s marketing plans, consultancy, and the best strategy for launching their products into the market.

With the help of ZobHunger, many companies have grown exponentially and witnessed increased revenue and stability in their marketing processes.

The company has been able to conduct three successful rounds of funding that resulted in ZobHunger getting the attention and support of two notable investors who were convinced able the future of the company and proceeded to invest.

The two investments that showed interest in the company’s activities during the Seed funding rounds collected pledged a figure of $17 million.

23. Mentor Match

Total Capital Raised: $1 Million (as of February 24, 2022)

Mentor Match - Learn step-by-step with a personal tutor

Mentor Match is an Indian Ed-tech startupfunded in 2020 by Rohit Raheja, Sachit Dugar, and Rayhaan Shaik. The company’s headquarters is currently located in Chennai, India.

Mentor Match is a self-study platform that assists student in classes 8-12 to meet up and connects with seasoned mentors or expert tutors through a one-on-one video call. It offers students a study buddy available all through the day at the tap of a button.

The company has successfully raised $1 million during its pre-Seed funding round. This investment came from a United States-based Seed-stage venture fund called Sapient Fund, which Mr. Karthik Sundaram led.

Top Indian Startups FAQ 

How Many Startups Are There in India?

Based on the figures acquired from the Indian government, the number of startups in India is around 50,000 and still growing.

Which Are the Biggest Startups in India?

Cred, Swiggy, Paytm, and some other companies are among the biggest startups in India. These companies have grown to acquire unicorn status and raise millions of dollars.

Which Are the Fastest-Growing Startups in India?

Various startups in India are doing well and growing fast. Mensa Brands is the fastest-growing startup in India because it reached unicorn status within six months of its launch.

Which Indian Business will Boom in the Future?

Not all startups can stand the test of time, but startups like TradeX, IppoPay, and Refyne are young startups worth looking out for because they have the potential to boom and earn millions of dollars in the coming future.

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Martin Luenendonk

Editor at FounderJar

Martin loves entrepreneurship and has helped dozens of entrepreneurs by validating the business idea, finding scalable customer acquisition channels, and building a data-driven organization. During his time working in investment banking, tech startups, and industry-leading companies he gained extensive knowledge in using different software tools to optimize business processes.

This insights and his love for researching SaaS products enables him to provide in-depth, fact-based software reviews to enable software buyers make better decisions.