India is seeing many number of startups day by day. Young entrepreneurs of the country got mood lift since the announcement of ‘STARTUP INDIA , STANDUP INDIA’ by the Prime Minister of India Narendra Modi. A Startup Company is typically a entrepreneurial venture which is newly emerged and designed for fast growing business.
A startup is a company which is designed to grow fast. A company newly found cannot be considered as a startup or it ain’t necessary to work on technology or work on venture funding for a startup. The only thing which is essential is growth. All the other things are associate with the growth.
As in India, with the introduction of ‘Startup India‘ policy. Tax laws and norm has been simplified and relaxed. Many startups are launching everyday all over the country. With the market going money- spinner, other categories in the field of e-commerce like online groceries, travel, hotel booking, transportation, etc, are growing too. Although, with the presence of the dominant companies like Flipkart, Snapdeal, GoIbibo, there are many other startups which are going to lead the charge of innovation and mainstream impact in upcoming time.
P.S- Flipkart, Snapdeal and Goibibo are not in the list as they are too big to be considered as startup now.
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Top 10 most Promising Indian Startups
1. PayTM- Not just a wallet
From Online Recharge to an Online Marketplace, PayTM is just ruling the Indian Market right now. It is on track on becoming India’s most prevalent homegrown consumer technology company. It was started in 2010 by Vijay Shekhar Sharma. Earlier it was just providing mobile recharging and E-commerce similar to like Flipkart, Snapdeal.
But in the year 2014, PayTM launched PayTM wallet and it is now the India’s largest Mobile payment service platform. According to a report, it has now over 10 million app download and 100 million wallets. PayTM can be considered as the Jack of all trades.
2. OLA CABS
Ola cabs is a online taxi aggregator which was founded in Mumbai in the year 2010. It is a online transportation network company started by BHAVISH AGGARWAL and ANKIT BHATI. Ola cabs growed exponentially since they bought their rival Taxi for sure for over $200 million.
Talking about their network, as of 2014, Ola has over 200,000 cars in over 85 cities all over the country. Ola was valued around $5 billion as of Sep 2015.
Ola provide cab service from ordinary to luxury. The cab can be reached to someone through the app of the Ola. At average, Ola gets around 150,000 bookings per day.
Ola has started some other services like Ola cafe, Ola store, Ola Shuttle, Ola money.
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3. BANK BAZAAR – When Bank Compete, You Win
From House loans to credit cards, to fix deposits. Bank Bazaar is a place which enables its users to evaluate financial products. It is an online marketplace which provides users a customized rate quotes of loan, credit cards and personal finance products which includes insurance policy, credit card offers etc. Bank Bazaar was founded in 2008 by Adhil Shetty, Arjun Shetty, Rati Rajkumar.
Bank Bazaar offer customers to apply for various loans like, personal, car, house and Insurances of Health, Car and Life. These services are provided through mobile and web platform.
4. OYO ROOMS
OYO Rooms, also known as OYO, is an hotel room aggregator. OYO is a branded hotel aggregator. It tie ups with the hotel to provide luxury environment to the customers like free WiFi, breakfast, flat TV screens, branded toilets. Their standard remains high to give their customers quality service. They provide rooms ranging between ₹999-12000.
Oyo was founded by Ritesh Aggarwal and Oyo currently operates in more than 170 Indian cities like Ahmadabad, New Delhi, Chandigarh, Mumbai etc. And recently the Oyo rooms also launched in Malaysia.
As the name suggests, Housing.com is a Mumbai based real estate search portal. It enables the users to search for the property by applying the filters they require.
Housing.com was founded by a group of people but currently the CEO of the company is Jason Kothari. Housing.com lists the properties which are manually submitted by the brokers and users. One can search them by applying filters like available room, lifestyle index etc. Company has over 650,000 houses in the list all over the country. Company has 600 brokers and serves 40 cities in India.
Founded by Deepinder Goyal and Pankaj Chaddah in the year 2008. Zomato provides the service of Restaurant search, online ordering, Table reservation and management. Having more than 2000 employees, Zomato now operates in over 23 countries including USA and Australia.
Shopclues joined as the 35th entrant in the field of E-commerce in India in 2011. It is an online marketplace. The company was founded in silicon valley and is headquartered in Gurgaon. The company was founded by Sandeep Aggarwal and Sanjay Sethi.
ShopClues is an online shopping site which includes around 12,000 registered merchants with over 2,00,000+ products. It has a platform of over 42 million visitors per year. ShopClues witnessed the growth of 250% between 2012~2013.
Urbanclap is a whole new interface to find trustworthy local service, with full filter information, price and user review available. It is an app based marketplace of services which connects customers to the service professionals. It has made around 37 billion$ till now. It was founded by Abhiraj Bhal, Varun Khaitan, Raghav Chandra in the year of 2014. Urbanclap help the users to get the services like plumbers, mason, tutions etc.
Quikr is a classified platform of advertising products. Founded by Pranay chulet and Jiby thomas in the year of 2008, headquater is located in Mumbai. It provides a platform for the users to buy and sell the goods from each other. One can talk and chat the users also.
Quikr has a listing of over 1000 cities in India and 12 million listing of advertisements.
Grofers is a kind of E-commerce which provides on demand service for the customers. It connects customers with the local stores.
Grofers was founded in the year of 2013 by Saurabh Kumar, Albinder Dhindsa. There has been around 2000 employees working in this company. Grofers has actually created a new need to shop for something anytime you want it rather than waiting to go to the market. Company have raised $166.5 million after 3 funding’s.