Startup India : Top 5 startups of India

Startups nowadays are something which is quite common nowadays. We are currently living in a generation in which the people believe in creating jobs rather than take one. It is no surprise that we are currently living in an era of Startups. Its no secret now that Startups are taking over various huge multi-national cooperation in the country. Startups have become more of a trend nowadays as we see students from colleges to people currently working in the industry working on the idea of their own.A startup company (startup or start-up) is an entrepreneurial venture which is typically a newly emerged, fast-growing business that aims to meet a marketplace need by developing a viable business model around an innovative product, service, process or a platform. A startup is usually a company designed to effectively develop and validate a scalable business model.

startupsImage Source

Listed below are the top 5 Startups of India:

1) Flipkart

Flipkart is the topmost electronic commerce company in India with its headquarter located in Bengaluru, India. It was founded in October 2007 by Sachin Bansal and Binny Bansal (no relation) who both were students at IIT Delhi and both worked for Amazon and later decided to start a startup business of their own. Flipkart has launched its own product range under the name "DigiFlip" with products including tablets, USBs, and laptop bags.As of April 2017, the company was valued at $11.6 billion till date. On April 2016 Flipkart bought payment start-up PhonePe. Moreover, in July 2017 Flipkart offered to buy snapdeal for $700-$800 million dollars, but Snapdeal rejected its deal as they wanted a sum of minimum $1billion cash.


start-upsImage Source  

2) SnapDeal

Snapdeal is one of the major online marketplace startup in India with its office in New Delhi and with a 325 Alexa rank worldwide. Snapdeal was started by Kunal Bahl and Rohit Bansal on 4th February 2010. Snapdeal also acquired Freecharge a mobile payments company in April 2015 for $400 million making it one of the biggest acquisitions in Indian startup space. Snapdeal has also acquired a huge number of funding out of which  Softbank made the highest investment of USD $647 million in October 2014.

startupsImage Source

3) Paytm

Paytm is an Indian electronic payment and e-commerce startup founded by Vijay Shekhar Sharma who in an interview mention how he was inspired during his visit to China when he saw vegetable vendors receiving payments from their customers on their cellphone, which led to the establishment of Paytm Wallet in 2013. Paytm is the first Indian company to have an investment from Chinese eCommerce company Alibaba and some other investors include Ratan Tata, SoftBank and many other. Currently the company is estimated to have a net worth of $4.8 billion and moreover, the economic reform of demonetisation acted as a huge uplift for this company.

startups  Image source

4) Ola

Ola which is an Indian online transportation network company which is currently valued at $5 million as of September 2015 was founded by Bhavish Aggarwal on 3rd December 2010.  The company has grown a lot since 2010 and as of 2017, they have expanded to a network of more than 7000,000 vehicles across 110 cities. Moreover, in the recent times, they tried to diversify by including many more other facilities such as Ola Shuttle, Ola Auto, Ola Bikes and many other features as well.

startups Image Source

5) Zomato

Zomato is a restaurant search and discovery startup founded by Deepinder Goyal and Pankaj Chaddah.It was basically founded in 2008 but their services began as Foodiebay and were later renames as Zomato in November 2010. Having their headquarters in Gurugram, Haryana India, they currently operate in almost all major countries including United States, Canada, Brazil, United Arab Emirate etc. and is currently net worth of $100 million.

startupsImage Source

Comments

comments

Post Author: Sahil Hustu