Top 10 funded startups in India!
2020 has been a year full of turbulence as the pandemic situation kept persistently throwing us off-balance. Insusceptible to this situation, startups in India have somehow found a way to stay afloat and even skyrocket through this phase with commendable out of the box thinking.
With a population of over 1.4 billion and exemplary technological and structural development, India attracts a multitude of investors both national and international, catching the eye of venture capitalists and private equity firms, looking forward to financing the country’s youth innovations.
Playing havoc with current industries of transportation, food delivery, retail, logistics, finance, and insurance, Indian startups are emerging to new heights with their unconventional and brilliant on the feet contemplations and reasoning.
As a result of which, many startups have expanded globally and even relinquished the unicorn status meaning reaching the 1 billion US dollars mark.
Lets’s look at some of the success stories of these top funded startups in India:
The first name in our list of top funded startups in India is One97. Headquartered in New Delhi, One97 is the company driving Paytm, an e-commerce payment system and digital goods and service provider, to newer pinnacles. UPI, money transfer, bill payments, recharge, online shopping, travel, events, and movie bookings being some of the services provided, Paytm has now launched an operating mall offering products ranging from men and women fashion to electronics, home products, and many more.
Total funding: $ 4.4 billion.
Industry: Payment service, online shopping.
Ola cabs is a ride-sharing company offering to book cabs nearby your locality for a reasonable tariff. With its headquarters in Bangalore, ola offers services of a vehicle for hire be it taxis, bikes, or other automotive and food delivery too. Started out as an online cab aggregator in 2010 in Mumbai, ola cabs has now flown overseas extending its services in the markets of Australia and New Zealand and in the UK. As of February 2020 ola has 25000 registered drivers for its online taxi-hailing services.
Total-funding: $ 3.6 Billion
Also known as Oyo hotels and homes, OYO is an online vacation hotels renting company offering a range of staycation places to experience across the country and abroad. Initially comprising of only budget hotels, founded by Ritesh Agrawal back in 203, Oyo now has hundreds of thousands of affordable hotels and lodges available on its platform for users to book, not just through India but many countries like Malaysia, Uk, Brazil, Philippines, Japan, Indonesia and many more.
Total funding: $ 3.2 Billion
Reportedly the largest renewable IPP in India, ReNew Power Limited, develops, builds, and operates renewable energy production facilities like utility-scale wind and solar energy products. Currently operating over 110 utility-scale projects over 8 states in India, ReNew has a current asset base of 8 GW and the company is aiming to make that 20 over the upcoming years. Since its commencement in 2011 by founder Sumant Sinha with a Gujrat-based 25 MW wind power project the company has set several benchmarks in the Indian renewable energy landscape.
Industry: Renewable Energy
Total funding: $2.8 billion
With the coronavirus putting a huge damper on our dining out plans, food ordering, and delivery platforms come in really handy to cure our food cravings. Based in Bangalore, and now expanded all over India, Swiggy has become the country’s largest food delivery system.
Thanks to the app, users are able to discover new restaurants and get great food delivered to the doorstep not to mention the restaurant owners get a brand-new customer base and great outreach.
Industry: Food and e-commerce
Total funding: $1.8 billion
Byju’s is a learning app and online-tutoring app where academic subjects and concepts are simplified and demonstrated in videos of 12-25 minutes for classes 1- 12 and virtual interaction with teachers and doubt clearing sessions. Reports suggest that Byju’s now has 40 million users with almost 3 million paid subscribers with a retention rate of about 85%.
It has since launched the app in regional languages and has further planned to expand internationally. It also offers training from competitive examinations such as IIT-JEE, NEET, CAT, IAS, GRE, and GMAT.
Industry: Edtech, distance-eduction.
Total funding: $1.4 Billion
Bigbasket is India’s online food, vegetables, and grocery delivery service. All the items you need for your daily shopping is delivered to your home step, ranging from fruits and vegetables to grains, packages products, meat, and everything you could possibly imagine that you require on a day to day basis. Headquartered in Bangalore, this startup seemed to have dug its root deeper in the pandemic period where going out of the house was not an option for almost everybody.
Total funding : $1.1million
Delhivery private limited is now India’s largest logistic service courier provider, offering services like parcel transportation, warehousing, domestic courier services, real-time monitoring and control, and flexible payments. Since its inception in 2011, it has become a leading supply chain services company. Initially founded as a local express delivery system for flowers and food in the city of gurugram, to landing its first huge e-commerce client, Urban touch, the company has seen exponential growth.
Industry: transportation, supply chain
Total funding: $934 million
Founded by Deepinder Goyal and Pankaj Chaddah in 2008, Zomato is an Indian restaurant aggregator and food delivery start-up. Its app provides services like browsing for nearby restaurants, table reservations, online food ordering plus customer reviews. Amidst the Covid-19 pandemic, it has also started delivering groceries. As of now, it is available in 24 countries covering more than 10000 cities.
Industry: Food delivery
Total funding: $914.6 million
The final name in our list of top funded startups in India Policy Bazaar is a global financial technology company that allows customers to compare the various insurances available such as health insurances, car insurances, travel insurances, so on and so forth. It compares the aforementioned policies based on price, key benefits, and financial returns. Since its inception, it has now moved on to insurance seeling operations as well.
Industry: financial technology
Total funding: $496 million