| |
2020 is a year of complete turbulence because of the pandemic situation. But most of the startup companies in India have now detected a way to remain afloat and reach the peak of success with their out-of-the-box thinking.
As India has a population of more than 1.4 billion, use of exemplary technologies, and structural development, the country attracted several investors of both national and international. However, the country attracts the eyes of venture capitalists and private equity firms, who are looking forward to the funding of the country’s youth innovation.
In several sectors like the transportation industry, food delivery sector, retail industry, logistics, finance, and insurance sector, all the Indian startups are reaching new heights through their eccentric and intense contemplations and reasoning.
Thus, most of the startups are globally expanding and also relinquished the unicorn prominence which means the reaching of the $1 billion US dollar line.
Now, let’s look at the success stories of the top well-funded startup companies in India-
Table of Contents
One97 (Paytm)
One97 is one of the topmost funded startups in India. The headquarter of this company is in New Delhi. Well, One97 is the company that is driving Paytm which is an e-commerce payment system and digital goods as well as a service provider for newfangled pinnacles. Bill payments, money transfer, UPI, recharge, travel, online shopping, movie ticket booking, and events are some of the services that you can avail from Paytm. Recently, Paytm has launched a new operating mall that offers products that are ranging from women to men’s fashion to home products, electronics, and many more.
Well, Paytm belongs to payment services and online shopping and also funded with $4.4billion.
Ola Cabs
Ola Cabs basically belongs to the transportation industry. It is a ride-sharing company that offers the opportunity to books cabs from your doorstep at a reasonable tariff. The company has its headquarters in Bangalore and provides Ola services of a vehicle for hiring bikes, taxis, as well as other automotive and food deliveries. In 2010, this online cab aggregator started in Mumbai. Now, Ola cabs have flown overseas by extending the services in the markets of New Zealand, Australia, and the UK. As per the report on February 2020, Ola has almost 25000 registered drivers for its online taxi-hailing services. The company was funded with $3.6 billion.
Oyo
Oyo belongs to the hospitality industry. Oyo is referred to as an online vacation hotels renting company that offers a wider range of staycation places to experience within the country and across the world. Oyo was founded by Ritesh Agarwal back in 2003 which comprises only budget hotels. Oyo has thousands of affordable hotels and lodges available for the users to book not only through India but many other countries like Malaysia, Brazil, the UK, and Japan, the Philippines, Indonesia, and many others. It received complete funding of $3.2 billion.
Renew Power
Undoubtedly, ReNew Power Limited is the largest renewable IPP in India. The company helps in developing, building, and operates renewable energy production facilities like solar energy and utility-scale wind products. Right now it’s operating more than 110 utility-scale projects in more than eight states in India. Currently, Renew has an asset base of 8 GW and the company is targeting to prepare 20 more in the coming years. Sumant Sinha founded the company in 2011, it is a Gujarat-based 25MW wind power project the company has created several benchmarks in the Indian renewable energy landscape. The company was funded with $2.8 billion.
Swiggy
Swiggy belongs to the food and e-commerce sector. In the pandemic, Swiggy has turned out to the most the country’s largest food delivery system. Users from the app will be able to discover new restaurants and get better food delivered at the doorstep. This will even help the owners in getting a brand-new customer base and greater outreach. Almost, the company received $1.8billion.
BYJU’s
In the Edtech and distance-education sector, BYJU’s has gained huge popularity. This is a learning and online-tutoring app in which the academic subjects and concepts are streamlined and revealed within the videos of 12-25minutes for classes 1 to 12 and even though the virtual interactions with the teacher for clearing doubts. As per the report, it is found that Byju’s has now almost 40 million users of which 3 million paid subscribers with a retention rate which is about 85%.
However, the app was launched in regional languages and was further planned to expand internationally. Also, offers training for competitive exams like CAT, NEET, IIT-JEE, IAS, GRE and GMAT. The company was funded with $1.4 billion.
Big Basket
Big Basket belongs to the retail industry, it is one of India’s largest online food, grocery, and vegetable delivery services. However, here you will get all the items delivered at your doorstep. Starting from fruits and vegetables to grains, meat, and others you will get everything that you need on day to day basis. Big Basket’s headquarter is in Bangalore. This startup company has rooted deeper in the pandemic period when going out of the house was not an option for everyone. The company received a funding of $1.1million
Delhivery
Delhivery is a renowned startup company in the field of supply chain and transportation. This company is one of India’s largest logistic courier service providers. The company offers services like parcel transportation, domestic courier services, warehousing, real-time monitoring, and flexible payment option. In 2011 this inspection has now become one of the leading supply chain services companies.
In the initial stage, it was founded as a local delivery system for flowers and food in the city of gurugram, landing huge e-commerce clients and urban touch. The company has seen exponential growth. The company has received funding of $934 million.
Zomato
Zomato is another reputed food delivery app that was founded by Deepinder Goyal and Pankaj Chaddah in 2008. Zomato is known as a food delivery startup and an Indian restaurant aggregator. This app offers services like browsing for nearby restaurants, online food ordering, table reservation, and consumer reviews.
In the pandemic, the company has also started delivering groceries. However, it is right now available in 24 countries that cover almost 10000 cities. The company received funding of $914.6 million.
Policy Bazar
Policy Bazar belongs to the financial technology sector. It is one of the top-funded startups in India. It is a well-known global financial technology company that permits consumers to compare the various insurances available like health insurances, car insurances, travel insurances, and many others. In comparison to the aforementioned policies based on key benefits, price, and financial returns. However, its inspection has now moved on to insurance selling operations also. The company received funding of $496 million.
