HomeBlogWeb DevelopmentTop 40 Startups in India in 2024 by Market Capitalization
In my experience, India is a fertile ground for cost-effective, grassroots, and culturally-driven innovation. With a population exceeding a billion, it's an enticing landscape for companies aiming to craft scalable business strategies.
The steady growth of the Indian economy has given rise to numerous startups, some of which have garnered recognition from consumers and international investors. The tech startup ecosystem has soared, drawing significant attention, especially in AI-focused ventures. Moreover, electric vehicle (EV) entrepreneurs propel sustainable transportation across India.
In this blog, I'll share insights into the 40 best startups in India. These companies have exhibited remarkable resilience and are poised to reach even greater heights in the future.
Here is a list of top startups in India to know in 2024:
Overview | Cred is a members-only credit card management and bill payments platform that rewards users for timely bill payments. |
Started in | 2018 |
Founder | Kunal Shah |
Market Value | $6.4B |
Funding | $140M |
Investment | GIC, Coatue Management, Insight Partners, DST Global, Greenoaks Capital, etc. |
Industry | Fintech |
Employee count | 961 |
Website link | |
City | Bangalore |
Overview | Skit.ai is an AI-based voice automation startup offering a multichannel conversational AI platform to address the voice customer service market. |
Started in | 2016 |
Founder | Sourabh Gupta and Akshay Deshraj |
Market Value | INR 121Cr |
Funding | $23M in Series B funding |
Investment | WestBridge Capital, Kalaari Capital, Exfinity Ventures, and others. |
Industry | AI, Voice Automation |
Employee count | 113 |
Website link | |
City | New York City |
Overview | PharmEasy is an online pharmacy platform providing a range of healthcare services and products. |
Started in | 2015 |
Founder | Dhaval Shah and Dharmil Sheth |
Market Value | $5.6B |
Funding | $328.5M |
Investment | 18 investors including Temasek Holdings and Bessemer Venture Partners. |
Industry | Healthcare, Online Pharmacy |
Employee count | 3600 |
Website link | |
City | Mumbai |
Overview | Digit Insurance is an insure-tech startup offering app-based insurance services for individuals. |
Started in | 2016 |
Founder | Kamesh Goyal |
Market Value | $3.5B |
Funding | $344M |
Investment | Fidelity, Goldman Sachs, Abu Dhabi Investment Authority, Steadview Capital, SBI Mutual Fund, ICICI Prudential Mutual Fund, and Axis Mutual Fund. |
Industry | Insure-tech, Insurance |
Employee count | 4128 |
Website link | |
City | Pune |
Completing beginner-level training programs do help, however advanced courses like a data science course, cloud computing course or course for PMP certification can improve your job scope since professional-level expertise is preferred in any industry.
Discover the leading KnowledgeHut Category Courses:
Overview | Meesho is an Indian e-commerce startup operating a social commerce platform. |
Started in | 2015 |
Founder | Vidit Aatrey and Sanjeev Barnwal |
Market Value | $3.9B |
Funding | $1.36B |
Investment | SoftBank, Prosus, Elevation Capital, and Peak XV Partners. |
Industry | E-commerce, Social Commerce |
Employee count | 3925 |
Website link | |
City | Bangalore, Karnataka |
Overview | Groww is an Indian fintech startup offering investment and financial services. |
Started in | 2016 as Nextbillion Technology, operating under the brand name Groww from 2017. |
Founder | Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal |
Market Value | $3B |
Funding | $251M |
Investment | Iconiq Growth and others. |
Industry | Fintech, Investment Services |
Employee count | 5000 |
Website link | |
City | Koramangala, Bangalore |
Overview | Nykaa is an Indian e-commerce platform for beauty and personal care products, known for its exclusive range of products. |
Started in | 2021 |
Founder | Falguni Nayar |
Market Value | $724M |
Funding | $721M |
Investment | Series E funding round led by TPG Growth Capital |
Industry | E-commerce, Beauty and Personal Care |
Employee count | 4700 |
Website link | |
City | Mumbai, Maharashtra |
Overview | Udaan is a B2B e-commerce platform in India that connects small and medium-sized businesses with wholesalers and traders. |
Started in | 2016 |
Founder | Amod Malviya, Sujeet Kumar, and Vaibhav Gupta |
Market Value | $1.8B |
Funding | $340M |
Investment | SoftBank, Tencent, DST Global, and M&G Prudential |
Industry | E-commerce, B2B Marketplace |
Employee count | 3000 |
Website link | |
City | Bangalore |
Overview | Dream11 is an Indian fantasy sports platform that allows users to play fantasy cricket, hockey, football, kabaddi, and other sports. It lets you create virtual teams of real players participating in live matches. |
Started in | 2008 |
Founder | Harsh Jain and Bhavit Sheth |
Market Value | $5B |
Funding | $1B |
Investment | Tencent, Steadview Capital, and Kalaari Capital |
Industry | Fantasy Sports, Gaming |
Employee count | 1600 |
Website link | |
City | Mumbai |
Overview | Swiggy is an Indian online food ordering and delivery platform. It operates in more than 580 Indian cities, providing food delivery services. |
Started in | 2014 |
Founder | Sriharsha Majety, Nandan Reddy, and Rahul Jaimini |
Market Value | $5.5B |
Funding | $2.5B |
Investment | Prosus Ventures, Accel, and Naspers |
Industry | Food Delivery, E-commerce |
Employee count | 5000, and 2 lakh+ delivery executives |
Website link | |
City | Bangalore |
Overview | Instamojo is a #D2CTech platform that helps you create your own website, sell online, and grow your business. It allows you to showcase products, accept 100+ payment modes, and ship all over India. |
Started in | 2012 |
Founder | Sampad Swain, Akash Gehani, and Aditya Sengupta |
Market Value | $200M |
Funding | $10M |
Investment | Kalaari Capital, Blume Ventures, and 500 Startups |
Industry | E-commerce, Payment solutions |
Employee count | 129 |
Website link | |
City | Bangalore |
Overview | Postman is an API platform for building and using APIs. It simplifies each step of the API lifecycle and streamlines collaboration, allowing you to create better APIs faster. With its REST client, you can send requests, inspect responses, and debug REST APIs easily. The Postman desktop agent also needs to be installed for full functionality. |
Started in | 2014 |
Founder | Abhinav Asthana, Ankit Sobti, and Abhijit Kane |
Market Value | $5.6B |
Funding | $434M |
Investment | Insight Partners, Coatue, Battery Ventures |
Industry | Software, API Development |
Employee count | 2262 |
Website link | |
City | San Francisco |
Overview | Delhivery is India’s largest fully integrated logistics services provider, offering express parcel, freight, courier, shipping, supply chain, and cross-border solutions. |
Started in | 2011 |
Founder | Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati |
Market Value | 294.53B INR |
Funding | $1.4B |
Investment | CPPIB, Softbank Vision Fund, Mirae Asset Midcap Fund Direct Growth, HSBC Large Cap Fund Direct Growth, and Mirae Asset ELSS Tax Saver Fund Direct Growth |
Industry | Logistics, Supply Chain |
Employee count | 57,000 |
Website link | |
City | Gurgaon |
Overview | Slice offers cards for payments with pre-approved credit lines to mostly first-time credit users who cannot have conventional credit cards easily. |
Started in | 2015 |
Founder | Rajan Bajaj |
Market Value | $1.8B |
Funding | $20M |
Investment | Tranche Finance, Tiger Global, GMO Venture Partners, Insight Partners, and Moore Strategic Ventures |
Industry | Consumer finance company |
Employee count | 1000 |
Website link | |
City | Bangalore |
Overview | InMobi is an Indian multinational technology company that provides mobile-first marketing and advertising solutions. It allows brands, developers, and publishers to engage consumers through contextual mobile advertising. |
Started in | 2007 |
Founder | Naveen Tewari, Mohit Saxena, Amit Gupta, and Abhay Singhal |
Market Value | $15B |
Funding | $510M |
Investment | SoftBank, Google, Global Venture Capital, Mithril Capital Management |
Industry | Media and information services |
Employee count | 2500 |
Website link | |
City | Bangalore, Karnataka |
Overview | Practo is India’s no.1 online doctor consultation app that offers complete telemedicine solutions for you and your family’s health and medical needs. It provides video consultations with verified doctors across 25+ specialties, digital prescriptions, lab tests, and health packages. You can also book doctor appointments and order medicines through the platform. |
Started in | 2008 |
Founder | Shashank ND, Abhinav Lal |
Market Value | $600M |
Funding | $251M |
Investment | Sequoia Capital, Matrix Partners, Tencent, RTP Global, Sofina Ventures |
Industry | Healthcare, Telemedicine |
Employee count | 501 |
Website link | |
City | Bangalore, Karnataka |
Overview | BoAt is an Indian consumer electronics brand that specializes in audio products. They are known for their trendy designs, bass-heavy sound signature, and competitive pricing. |
Started in | 2016 |
Founder | Aman Gupta and Sameer Mehta |
Market Value | $1.4B |
Funding | $171M |
Investment | Qualcomm Inc., Warburg Pincus LLC, Fireside Ventures and InnoVen Capital |
Industry | Consumer electronics industry |
Employee count | 470 |
Website link | |
City | Mumbai |
Overview | Skyroot Aerospace specializes in futuristic space-launch vehicle design and building. It is a leading provider of on-demand, cost-effective, reliable launch services for the global small and medium satellite market. Skyroot is led by its vision of ‘Opening Space For All’. |
Started in | 2018 |
Founder | Pawan Kumar Chandana, Naga Bharath Daka |
Market Value | INR 1,090Cr |
Funding | $95.5M |
Investment | Temasek Holdings, GIC, merakilabs, Solar, Sherpalo, and Worldquant Ventures |
Industry | Aerospace, Space Launch Vehicles |
Employee count | 184 |
Website link | |
City | Hyderabad, Telangana |
Overview | Livspace is India’s most trusted home interior design and renovation service company. They offer expert interior designers to create beautiful living rooms, bedrooms, bathrooms, and more. Whether it’s new home interiors or renovation, Livspace provides end-to-end solutions. |
Started in | 2014 |
Founder | Anuj Srivastava and Ramakant Sharma1 |
Market Value | $1.2B |
Funding | $450M |
Investment | KKR: A global investment firm that led the Series F round, Ingka Group Investments, Jungle Ventures, Venturi Partners, Peugeot Investments, Goldman Sachs |
Industry | Home Interior Design and Renovation |
Employee count | 1000+ |
Website link | |
City | Bangalore |
Overview | Ather Energy focuses on designing and selling premium electric two-wheelers for the Indian market. Ather builds high-performance, zero-maintenance, and smart electric scooters. |
Started in | 2013 |
Founder | Tarun Mehta and Swapnil Jain |
Market Value | $679M |
Funding | $338.9M |
Investment | Hero MotoCorp and GIC |
Industry | Automotive, Electric Vehicles |
Employee count | 1,438 |
Website link | |
City | Bangalore, Karnataka |
Overview | Vernacular.ai is an AI-first SaaS business driven by the mission to end bad call center experiences. They help enterprises enhance customer experience through intelligent voice conversations by automating call center queries. |
Started in | 2016 |
Founder | Sourabh Gupta, Akshay Deshraj, and Manoj Sarda |
Market Value | $100M |
Funding | $25M |
Investment | WestBridge Capital |
Industry | AI, Call Center, Customer Service |
Employee count | 201 |
Website link | |
City | Bengaluru, Karnataka |
Overview | PhonePe is a mobile payment app that allows you to transfer money using UPI, pay utility bills, recharge phone numbers, etc. |
Started in | 2015 |
Founder | Sameer Nigam, Rahul Chari, and Burzin Engineer |
Market Value | 80,643.45 Cr INR |
Funding | $850M |
Investment | General Atlantic, Walmart, Ribbit Capital, Tiger Global, TVS Capital Funds, Qatar Investment Authority, Microsoft |
Industry | Digital payments and financial services |
Employee count | 13,000 |
Website link | |
City | Bengaluru |
Overview | Licious is a meat and seafood brand that operates on a farm-to-fork model. They deliver fresh and clean fish, chicken, meat, and eggs directly to consumers’ doorsteps. Licious owns the entire back-end supply chain and cold chain, ensuring quality and freshness. |
Started in | 2015 |
Founder | Abhay Hanjura and Vivek Gupta |
Market Value | $1B |
Funding | $490M |
Investment | Mayfield, Avendus, and Temasek |
Industry | E-commerce, Food & Beverage |
Employee count | 6000 |
Website link | |
City | Bangalore |
Overview | PolicyBazaar is India’s largest online insurance aggregator, providing a platform for users to compare, analyze, and purchase life, health, and motor insurance products. |
Started in | 2008 |
Founder | Yashish Dahiya, Alok Bansal, and Avaneesh Nirjar |
Market Value | $1.5B |
Funding | $366M |
Investment | Temasek, SoftBank Group, Info Edge (India) Limited |
Industry | Fintech |
Employee count | 14,000+ |
Website link | |
City | Gurugram, Haryana |
Overview | Razorpay helps businesses manage their banking and digital payments. The company provides a platform for accepting, processing, and disbursing payments, offering access to various payment modes including credit cards, debit cards, net banking, UPI, and popular wallets like JioMoney, Mobikwik, and Airtel Money. |
Started in | 2014 |
Founder | Harshil Mathur and Shashank Kumar |
Market Value | $7.5B |
Funding | $375M |
Investment | Axevil Capital, Moore Strategic Ventures, Alkeon Capital Management, Edgewood Ventures, Lone Pine Capital, TCV, Tiger Global, Sequoia Capital India, GIC, Y Combinator, Ribbit Capital, and Matrix |
Industry | Fintech |
Employee count | 3130 |
Website link | |
City | Bangalore |
Overview | Paytm specializes in digital payments and financial services. The company offers mobile payment services to consumers and enables merchants to receive payments through QR code payment, Payment Soundbox, Android-based payment terminal, and online payment gateway. |
Started in | 2010 |
Founder | Vijay Shekhar Sharma |
Market Value | 38,000 Cr INR |
Funding | $4.6B |
Investment | Alibaba Group, Ant Group, eBay, SoftBank Vision Fund |
Industry | Fintech |
Employee count | 15,665 |
Website link | |
City | Noida, Uttar Pradesh |
Overview | Ola, formerly known as OlaCabs, is India’s largest homegrown ride-hailing app. Ola has transformed the way people avail of cab services. It bridges the gap between cab owners and commuters, offering a seamless experience through its app. |
Started in | 2010 |
Founder | Bhavish Aggarwal and Ankit Bhati |
Market Value | $1.88B |
Funding | $3.84B |
Investment | Softbank, Tiger Global, Vanguard, and BluSmart |
Industry | Transportation industry |
Employee count | 2100 |
Website link | |
City | Bangalore, Karnataka |
Overview | BharatPe offers a suite of simple, easy-to-use, and secure fintech products, including payments and business loans, to its merchant partners. |
Started in | 2018 |
Founder | Ashneer Grover and Shashvat Nakrani |
Market Value | $26B |
Funding | $100M |
Investment | Sequoia Capital India, Coatue, Ribbit Capital |
Industry | Fintech |
Employee count | 616 |
Website link | |
City | Delhi |
Overview | 1mg is an Indian digital healthcare platform that provides an online pharmacy center. It aims to make healthcare accessible, understandable, and affordable. Additionally, 1mg offers lab test bookings, online consultations, and authentic information from healthcare professionals. |
Started in | 2013 |
Founder | Prashant Tandon, Gaurav Agarwal, and Vikas Chauhan |
Market Value | $1.25B |
Funding | $231M |
Investment | Tata Digital, KWE Beteiligungen AG, HBM Healthcare Investments, MAF Mauritius, MPOF Mauritius |
Industry | Healthcare industry |
Employee count | 2,707 |
Website link | |
City | Gurugram, Haryana |
Overview | Urban Company is an Indian technology company that provides a platform for connecting customers with local service providers in various categories such as beauty, wellness, home repairs, and other professional services. It has also expanded internationally to the United Arab Emirates, Australia, and Singapore. |
Started in | 2014 |
Founder | Abhiraj Bhal, Varun Khaitan, and Raghav Chandra |
Market Value | $2B |
Funding | $440 |
Investment | Sequoia Capital, Tiger Global, and Vy Capital |
Industry | Service aggregation industry |
Employee count | 992 |
Website link | |
City | New Delhi |
Overview | Apna is India’s largest professional networking platform, connecting job seekers with employers and providing a space for skill development. It focuses on local communities, enabling users to find relevant job opportunities within their neighborhoods. |
Started in | 2019 |
Founder | Nirmit Parikh |
Market Value | $1.1B |
Funding | $100M |
Investment | Insight Partners, Tiger Global, Lightspeed |
Industry | Professional networking and job search platform |
Employee count | 1000 |
Website link | |
City | Bangalore |
Overview | CARS24 is an Indian used car marketplace. The platform provides a hassle-free and transparent process for buying and selling used cars. CARS24 has a network of inspection centers and car-buying centers across India. |
Started in | 2015 |
Founder | Vikram Chopra, Mehul Agrawal, Gajendra Jangid, and Ruchit Agarwal |
Market Value | $3.3B |
Funding | $450M |
Investment | Alpha Wave Global, Zennis Capital, Jake86 LLC, Trifecta Capital, SVF Investment Corp, Scott Bankcraft Kapnick, SoftBank Group |
Industry | Automotive sector |
Employee count | 6000+ |
Website link | |
City | Gurgaon, Haryana |
Overview | Bharat Biotech is a leading Indian biotechnology company known for its innovation and excellence in vaccines and bio-therapeutics. It helps people overcome challenging diseases, including typhoid, rotavirus, polio, rabies, and COVID-19. |
Started in | 1996 |
Founder | Dr. Krishna M. Ella and Mrs. Suchitra K. Ella |
Market Value | 132 Cr INR |
Funding | $13.7M |
Investment | ICICI Venture, IFC and Kotak Mahindra Bank |
Industry | Vaccines and bio-therapeutics |
Employee count | 700 |
Website link | |
City | Hyderabad, Telangana |
Overview | Skillmatics is a direct-to-consumer brand that develops innovative educational products and games for children. Their products blend learning and play to boost cognitive skills, covering topics such as space, geography, art, and more. |
Started in | 2016 |
Founder | Dhvanil Sheth |
Market Value | $127M |
Funding | $24M |
Investment | Sofina, Sequoia Capital India, Sequoia India's Surge program |
Industry | Educational products and games |
Employee count | 114 |
Website link | |
City | Mumbai |
Overview | Rapido is an online bike taxi aggregator. It provides convenient bike taxi services. Rapido focuses on last-mile connectivity and offers affordable travel options. |
Started in | 2015 |
Founder | Rishikesh S R, Pavan Guntupalli, and Aravind Sanka |
Market Value | $800M |
Funding | $100 M |
Investment | Westbridge, Shell Ventures, Nexus Ventures, Astarc Ventures, Yamaha Motor Ventures |
Industry | Bike taxi market |
Employee count | 15,000 |
Website link | |
City | Bengaluru, Karnataka |
Overview | KreditBee offers personal loans to young professionals, serving over 7 million customers. |
Started in | 2016 |
Founder | Madhusudan Ekambaram, Karthikeyan Krishnaswamy |
Market Value | $700M |
Funding | $400M |
Investment | Advent International, Archerman Capital, Mitsubishi UFJ Financial Group (MUFG) Bank, Motilal Oswal Alternates, NewQuest Capital Partners, Premji Invest, TPG-NewQuest |
Industry | Fintech |
Employee count | 1283 |
Website link | |
City | Bangalore, Karnataka |
Overview | MobiKwik is an innovative Indian startup that provides a mobile wallet and digital payment solution that simplifies digital transactions for millions of users. |
Started in | 2008 |
Founder | Bipin Singh and Upasana Taku |
Market Value | 3,286.13 Cr INR |
Funding | $100M |
Investment | Peak XV Partners, NET1, Bajaj Finserv, Sequoia Capital |
Industry | Fintech |
Employee count | 667 |
Website link | |
City | Bangalore, Karnataka |
Overview | Cuemath started in India with a mission to transform the way children learn math. Initially an offline teaching center, Cuemath has evolved into the world’s leading online math education platform. |
Started in | 2013 |
Founder | Manan Khurma |
Market Value | $407M |
Funding | $126M |
Investment | Sequoia Capital, Trifecta Capital, Alpha Wave Global, Peak XV Partners |
Industry | Ed-tech company |
Employee count | 318 |
Website link | |
City | Bengaluru |
Overview | Xpressbees has rapidly emerged as a leading player in the logistics and supply chain industry. With its exclusive transportation and delivery framework, the company offers a variety of logistics services locally and globally. These services include e-commerce logistics, express cargo, cross-border logistics, and fulfillment services. Xpressbees is associated with brands like Flipkart, ICICI Bank, TATA Cliq, Schneider Electric, and many others. |
Started in | 2015 |
Founder | Amitava Saha and Supam Maheshwari |
Market Value | $1.4B |
Funding | $680M |
Investment | Alibaba, Blackstone, CDH, ChrysCapital, Elevation Capital, Gaja, Investcorp, Khazanah Nasional Berhad, Norwest Venture Partners, Ontario Teachers' Pension Plan, SAIF, TPG, Valiant |
Industry | Logistics industry |
Employee count | 6,211 |
Website link | |
City | Pune |
Overview | Dunzo is a delivery service that quickly brings groceries, essentials, and packages to your door. It simplifies everyday errands with reliable, on-demand delivery. |
Started in | 2015 |
Founder | Ankur Aggarwal, Dalvir Suri, Kabeer Biswas, Mukund Jha |
Market Value | $744M |
Funding | $128,399,438 |
Investment | Alteria Capital, Google, Lightbox, Evolvence, LGT Lightstone Aspada, and S Korea's Hana Financial Investment |
Industry | Delivery, Delivery Service, E-Commerce, Mobile, Mobile Apps |
Employee count | 10000 |
Website link | https://www.dunzo.com/ |
City | Bangalore |
Are you ready to embark on an exciting coding journey? Discover the power of Python programming for beginners. Unleash your creativity and problem-solving skills with this versatile language. Start your learning adventure today!
Startups are necessary for a country since they fuel its economy, create employment opportunities and drive innovation. They are responsible for introducing new concepts in the market — workplace strategies, techniques and solutions.
Joining a startup brings you face to face with exciting work culture, emerging and evolving brains, flexible schedules and good work-life balance, and inspiration. You are surrounded by passionate minds that can instil numerous skills and qualities within you, something that might not be possible in an already established business empire.
So, if you're just starting your career for practical experience, joining a startup can prove to be one of the best decisions of your life. Moreover, if you want to settle down in web development, here's a full-stack development courses with placement in the leading startups of India!
Cred, Swiggy, Paytm, and many more are some of the biggest startups in India. All these companies are now Indian unicorns raising millions of dollars.
Zerodha is among the most profitable startups as it had made a profit of over 1000 crores in FY21. Other startups that made huge profits in the same year include Boat Lifestyle, CarTrade, and many more.
Mensa Brands is one of the fastest-growing startups, given that it was able to reach unicorn status within only six months of its launch.
TradeX, IppoPay, and Refyne are some of the hot and young startups to look out for, as they are all set to boom and make millions of dollars in revenue in the coming future.
| Name | Date | Fee | Know more |
|---|
