With more than 1.3 billion people and a rapidly growing economy, India is a key country for startups who are engaging massive funds to grab a share of the market. India is a battleground for companies aiming at explosive growth and establishing themselves in an upcoming global tech leader in the long run.
The Indian startup ecosystem originated with software services startups serving Indian software needs, and later expanding to exporting software services.
Many of these startups are extremely famous across India, as they have well-managed operations and execution, they are serving a very large part of the population with their products and services. Well, their ideas are not just bounded in boundaries but they have already started their operations abroad which makes them a global brand now. Having generally become successful thanks to the country’s exceptional demography, several Indian startups have also already reached the acclaimed “Unicorn” status, that is to say, a valuation of more than a billion US dollars.
List of the 30 top-funded startups from India
Here is the list of the top 30 best-funded Indian startups with details about each company, the total amount of funds received by the company in US $
Updated: Jan 2020
Industry: FinTech, Payments – Total funding: $ 106.7 Million
Razorpay is an online payment solution enabling Indian businesses to accept, process and arrange payments. The Razorpay platform grants access to multiple modes of payments including credit card, debit card, online banking, unified payments interface, and popular digital wallets.
Industry: Insurance, InsurTech – Total funding: $ 107 Million
Acko is a digital insurance company providing a digital platform to compare insurance plans and register claims online. Specialized in car insurance and two-wheelers insurance products, Acko also proposes to process claims through its platform for a wide range of transport issues and other household product damages.
Industry: E-Commerce, Beauty – Total funding: $ 107.9 Million
Operating one of the top e-commerce sites in India, Nykaa is an online retailer for beauty, wellness products and clothes to Indian customers. Originally a specialized store for beauty e-commerce selling products from multiple brands, Nykaa has developed its own line of cosmetics and opened multiple brick-and-mortar stores across India.
Industry: E-Commerce, Health Care – Total funding: $ 108.5 Million
PharmEasy is a pharmacy aggregator, helps Indian patients connect with local pharmacy stores and diagnostic centers. It allows individuals to buy their prescription medicine and healthcare products from local pharmacies and also permits to take online diagnostic tests.
26. Urban Ladder
Industry: E-Commerce, Furniture – Total funding: $ 112.8 Million
Urban Ladder is an e-commerce company specialized in the online retail of furniture. Providing a wide of high-quality products for all types of uses, Urban Ladder’s furniture is carefully selected with in-house designers and delivered to customers thanks to the company’s own logistics team.
25. Capital Float
Industry: Financial Services, FinTech – Total funding: $ 117.5 Million
Capital Float is an online platform providing a range of loans and financial solutions to SMEs in India. Thanks to its digital platform, Capital Float allows borrowers to quickly and easily apply for loans and financial solutions to purchase inventory, service new orders or optimize cash cycles.
Industry: Social Network, Mobile Apps – Total funding: $ 122.8 Million
ShareChat is a social networking and regional content platform, allowing Indians to use the Internet in their mother tongue. ShareChat aims at bringing local, relevant content to smartphone users across India in Indian languages including Hindi, Telugu, Marathi, and Malayalam.
Industry: Marketplace, Cars – Total funding: $ 133 Million
Droom is a mobile-first, specialized marketplace to buy and sell used and new cars. With a range of formats for B2C, C2C, C2B and B2B, and three pricing formats – fixed price, best offer, and auction, Droom provides a platform for car sellers and buyers, together with other services including warranty, RSA, insurance and auto loan.
Industry: Car Sharing, Transportation – Total funding: $ 149.3 Million
Drivezy is a marketplace for car and two-wheeler sharing in India. It allows people to rent their vehicles and earn some extra income, while others can book cars, motorcycles, and scooters from people living around them. Drivezy provides the technology and associated services to makes car-sharing simple.
Industry: Supply Chain Management, B2B – Total funding: $ 150 Million
Ninjacart is a B2B platform connecting fresh products producers, farmers, manufacturers, and brands to retailers and restaurants. Thanks to its digital platform and supply chain logistics, Ninjacart powers the distribution of fruits and vegetables across India directly from producers to retailers.
Industry: Logistics, E-commerce – Total funding: $ 157.6 Million
Xpressbees is a company specialized in e-commerce logistics. It provides a technology platform and last-mile management system that offers reliable and fast logistics solutions to e-commerce operators in India, allowing them to focus on their online selling.
Industry: E-Commerce, Health Care – Total funding: $ 163.4 Million
1mg is an online pharmacy and healthcare information website. It provides online consultations, lab tests and a mine of medical information in order to better serve the Indian market and population’s need, and be able to direct its visitors to the right medicine or product from its shop. 1mg is also one of the top e-commerce websites in India.
Industry: Financial Services, FinTech – Total funding: $ 167.6 Million
Lendingkart is an online lending provider dedicated to entrepreneurs and small business. Through its online platform and advanced data analytics, it evaluates and scores businesses to quickly approve loans and deliver working capital and financial solutions throughout India.
Industry: Financial Services, FinTech – Total funding: $ 175.1 Million
InCred is an online credit provider for personal and business loans. It relies on data analytics to ease and accelerate lending and provides a range of financial products including home loans, car and vehicles loans, education loans and loans for SMEs.
Industry: Portals, Cars – Total funding: $ 177.5 Million
CarDekho is a new and used cars marketplace and automotive news, comparator and reviews platform. It helps Indians buy and sells cars through deals with car manufacturers, classifieds for used cars, and a range of tool and related services. CarDekho has also launched its expansion to Southeast Asia and the UAE.
Industry: Logistics, Transportation – Total funding: $ 245.6 Million
Rivigo is a logistics company enhanced by technology. Working with a driver-first model, Rivigo provides timely and reliable delivery while ensuring the quality of life of drivers. Its digital trucking marketplace offers multiple options including relay-led trucking and freight logistics to optimize shippers and fleet operators results.
Industry: B2B, Marketplace – Total funding: $ 284.9 Million
Udaan is a business-to-business marketplace and trading platform. It allows small and medium businesses in India to discover products, customers and suppliers, connect with them, buy and sell. Udaan regroups Indian traders, wholesalers, retailers, and manufacturers on a single platform.
Industry: Logistics, Supply Chain Management – Total funding: $ 285.2 Million
Blackbuck provides a technology platform for trucking and logistics in India. It facilitates truckers and shippers operations thanks to a freight platform that improves the utilization of trucks and a service platform for trucking, infrastructure and fleet management.
Industry: Fitness, Apps – Total funding: $ 294.6 Million
CureFit is a health and fitness company providing healthy food and professional workout through digital and offline experiences. It delivers meals, operates gyms and trainer-led or group workout classes for bodybuilding and mental well-being.
11. Policy Bazaar
Industry: Insurance, InsurTech – Total funding: $ 346.6 Million
Policy Bazaar is an insurance aggregator. It allows users to compare health insurance, car insurance, two-wheeler insurance, travel insurance policies based on price, quality and key benefits together with solutions for financial security and competitive returns.
Industry: E-Commerce, Delivery Service – Total funding: $ 471.8 Million
Grofers is an online supermarket. Offering a range of low-priced products including groceries, beauty and wellness products, household care, baby care or pet care, Grofers simplifies everyday retail through a simple online shopping experience and express delivery around India.
Industry: Reservations, Restaurants – Total funding: $ 755.6 Million
Zomato is a restaurant search and reservation app. It is used by consumers to discover, rate and review restaurants. Zomato also offers services including online ordering, table reservation, white-label platform and point-of-sale system to connect restaurants to customers and ease their operations. Since its creation in 2008, Zomato has expanded to more than 20 countries.
8. Paytm Mall
Industry: E-Commerce, Marketplace – Total funding: $ 795 Million
Paytm Mall is a diversified online marketplace providing products ranging from men and women fashion to electronics and home products, groceries and cosmetics, kids and family as well as cars and other vehicles. It allows third parties to sell their products directly through their application using the Paytm platform. Paytm Mall is also part of the top Indian e-commerce sites.
Industry: Logistics, Supply Chain Management – Total funding: $ 819.6 Million
Delhivery is a logistics and supply chain services company. It provides a dedicated supply chain platform and logistics services including last-mile delivery, parcel transportation, warehousing, freight, reverse logistics, cross-border and technology services.
Industry: EdTech, Education – Total funding: $ 969.8 Million
BYJU’S is an online educational platform and education services provider. It offers an array of online video courses for children of all ages and students preparing exams including CBSE, GMAT, GRE, etc. together with study material and education counseling.
Industry: E-Commerce, Delivery Service – Total funding: $ 989.5 Million
BigBasket is an online food and grocery store. Bringing daily shopping to Indians’ home in an easy and convenient experience, BigBasket offers and delivers a wide range of products including fruits and vegetables, meat, rice and dals, packaged products, beverages, and personal care products.
Industry: Food Delivery, Mobile – Total funding: $ 1.5 Billion
Swiggy is a food ordering and delivery platform. It provides a curated list of restaurants to choose from and a delivery fleet to bring orders to customers. Thanks to its app, restaurants have access to a new source of customers and people can get food from their favorite restaurants or new discoveries delivered at their doorstep.
Industry: Reservations, Hotels – Total funding: $ 1.7 Billion
OYO is a hotel chain that offers a range of stay experiences across India. Relying upon standardization and the use of its technology platform, OYO revolutionizes budget hospitality with comfortable and affordable hotels. It also provides a portfolio of offers for all types of travelers in India and abroad, in China, Malaysia, Nepal, Indonesia, and UAE.
Industry: E-Commerce, Marketplace – Total funding: $ 1.8 Billion
Snapdeal is a diversified online shopping platform, offering products ranging from electronics and fashion to home and appliances. Backed by famous investors, including Alibaba, Foxconn and SoftBank, Snapdeal is gearing towards competition with the very top e-commerce sites of India.
1. Ola Cabs
Industry: Ride Sharing, Mobile – Total funding: $ 3.8 Billion
Ola operates a ride-hailing platform. It allows the booking of a range of cabs, bikes and other vehicles through a single mobile app ensuring convenient, transparent, safe and quick urban transportation. Besides India, Ola has expanded its activities to other countries including Australia, New Zealand, and the UK.
Here are the top 30 best-funded startups from India. Did we forget any? Did you buy any product or service from them? Which one do you think provides the most useful product? Let us know at [email protected]