There couldn’t be a better time for the startup businesses in India. With the Modi Government back into action for the second time and a vast target audience at the disposal, startup ecosystem of India couldn’t have asked for more.
The market in India is open to a variety of ideas. Besides this, foreign investments have been flowing in the country more freely than before which is leading to the rise of capital reserve of our country. With the advent of technology, startups in India are aided immensely and that is giving them the edge to further their growth.
Here are a few of the startups in India which are grabbing our attention for the right reasons:
Swiggy: This food-tech startup was founded in 2014 by Sriharsha Majety, Nandan Reddy and Rahul Jaimini. The model of Swiggy is acting as a mediator between the customers who order food by using the online platform and the restaurants which prepare the food ordered by the customers. Swiggy was valued at $3.3B in Dec 20, 2018 and Naspers, DST Global, Tencent Holdings, Wellington Management etc. have been the lead investors for them.
Byju’s: Byju's is probably India' largest Edtech company which has truly reinvented the way learning is looked at in our society. Learning through app was never heard of in our country and Byju’s learning programs which are effective and interactive have transformed the perception of learning. Byju’s offers courses for students of class 6-12, and also for competitive exams like CAT, IAS, and GRE GMAT. The company was founded by Byju Raveendran in Bangalore, Karnataka. Byju’s income crossed $1 Billion in the Mar 2017-Mar 2018 financial year.
Ola Cabs: Ola Cabs is a successful Indian Multinational cab aggregator company headed by “ANI Technologies Pvt Ltd”. OLA was founded in 2010 in Mumbai by Bhavish Agarwal and Ankit Bhati. Valued at approx. $4 Billion Ola Cabs is currently the only significant competitor of Uber India. Ola does business in 4 countries as of 2019 including India, Australia, New Zealand and UK and it acquired TaxiforSure in 2014 and FoodPanda’s India business in 2017. Though lately the driver partner of OLA (and Uber too) are complaining about decline in their income, it still is the only accepted alternative of public transport in Indian cities.
OYO: OYO Rooms, commonly known as OYO, is the leading player in India’s hospitality service and budget hotel network. It is a tech-driven startup which has successfully standardized budget hotels in 200+ Indian cities and over 7000 hotels. OYO was founded in 2013 by Ritesh Agarwal based out of Gurugram, Haryana, India. OYO was valued at over $5B as of Apr 1, 2019
Bigbasket: Bigbasket has revolutionized how urban India does its grocery shopping. It is an online food and grocery store which is happened to be the largest online supermarket in the country. The company was founded in 2011 by Hari Menon, Vipul Parekh, Abhinay Choudhari, VS Sudhakar & VS Ramesh and was valued at $2.1B in Feb 08, 2019
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