Discover the innovative spirit driving India's tech ecosystem with our comprehensive guide to the top 10 startups making waves in the country. From disrupting traditional industries to pioneering groundbreaking technologies, these startups showcase India's entrepreneurial prowess on a global scale.

1. 10 ENTREPRENUERS STARTUP
COMPANIES
• BY LALITH SHARKI
• 21IABBA058

2. STARTUP
COMPANIES

3. MEANING AND DEFINITION OF
STARTUPS
• Businesses have to get their start
somewhere. Today's companies
work to scale their growth
according to the response to their
product in the market. As
companies are founded, they may
be termed as a startup. A startup is
the beginning phase of business an
entrepreneur creates to develop,
prove, and scale a concept. An
entrepreneur is someone who
starts a business based on a
problem they feel needs a solution
and invests their time and money
into creating a solution. Their
investment has a lot of risk, but the
reward for their success is greater.

5. Udaan
• Udaan is a B2B e-commerce platform
that connects small and medium-sized
businesses with wholesalers and
manufacturers. The company has been
instrumental in revolutionizing the
wholesale industry in India and has been
recognized as one of the most successful
startups in the country. Udaan has raised
over $1.15 billion in funding and is
valued at over $3.1 billion.

6. • Udaan was founded by Amod Malviya,
Vaibhav Gupta, and Sujeet Kumar. Malviya
and Gupta are graduates of the Indian Institute
of Technology (IIT) and have played key roles
in the success of Udaan. Kumar has a degree
in chemical engineering and has been
recognized as one of India’s most successful
entrepreneurs.
• Started in
• Udaan was started in 2016 in Bangalore,
India.

7. OLA ELECTRIC
Ola Electric is a subsidiary of the ride-hailing giant
Ola that is focused on building electric vehicles and
charging infrastructure. The company aims to make
sustainable mobility accessible to everyone by
providing electric two-wheelers, three-wheelers,
and four-wheelers. Ola Electric has raised over
$500 million in funding and is valued at $4 billion.
Bhavish Aggarwal

8. • Ola Electric was founded by Bhavish Aggarwal,
who is also the CEO of Ola. Aggarwal is a
graduate of the Indian Institute of Technology (IIT)
Bombay and has been recognized as one of India’s
most successful entrepreneurs. He has been
instrumental in the success of Ola and Ola Electric.
• Started in
• Ola Electric was started in 2017 in Bangalore,
India.

9. InMobi
• InMobi is a mobile advertising platform
that allows advertisers to reach their
target audience through mobile devices.
The company has been instrumental in
revolutionizing the mobile advertising
industry in India and has been
recognized as one of the most
successful startups in the country.
InMobi has raised over $1.6 billion in
funding and is valued at over $2.5
billion.

10. • InMobi was founded by Naveen Tewari, Mohit
Saxena, Amit Gupta, and Abhay Singhal.
Tewari is a graduate of the Indian Institute of
Technology (IIT) Kanpur and has been
recognized as one of India’s most successful
entrepreneurs. Saxena, Gupta, and Singhal are
also graduates of IIT and have played key
roles in the success of InMobi.
• Started in
• InMobi was started in 2007 in Bangalore,
India.

11. PharmEasy
PharmEasy is a digital healthcare
platform that offers online medicine
ordering, lab tests, and doctor
consultations. The company has been
instrumental in revolutionizing the
healthcare industry in India and has
been recognized as one of the most
successful startups in the country.
PharmEasy has raised over $900
million in funding and is valued at over
$4.6 billion.

12. • PharmEasy was founded by Dharmil Sheth
and Dhaval Shah, who are both graduates of
Narsee Monjee Institute of Management
Studies (NMIMS) in Mumbai. Sheth and
Shah have been recognized as two of India’s
most successful entrepreneurs and have been
instrumental in the success of PharmEasy.
• Started in.
• PharmEasy was started in 2015 in Mumbai,
India.

13. • Founded in 2018 by former engineers and
scientists from ISRO, including CEO and CTO
Pawan Kumar Chandana and COO Naga
Bharath Daka, the company became India’s first
privately owned rocket launching entity.
• Incubated in T-Hub and supported by T-Works,
Skyroot Aerospace developed its inaugural
launch vehicle, the ‘Vikram 1’, which had its
maiden launch in 2022.
• With a total funding of US$4.3 million, including
investment from Solar Industries, the company
had access to ISRO facilities and technical
expertise through a non-disclosure agreement
(NDA).

14. Skyroot Aerospace
• Skyroot Aerospace, among new startup companies, was a
private aerospace manufacturer and commercial launch
service provider heaRecognized for its innovative
solutions, Skyroot Aerospace won the National Startup
Awards 2020 and the Technology Startup Award for its
propulsion technologies.
• Partnering with Bellatrix Aerospace for Orbital Transfer
Vehicle Utilization, Skyroot Aerospace aimed to
democratize spaceflight by offering affordable, reliable,
and regular access to space.dquartered in Hyderabad,
Telangana, India.

15. Digit Insurance
• Digit Insurance is an insurance company founded in
2016 and claims to simplify insurance products for
everyone so that the view of insurance products can
change among people. Digital Insurance raised its first
funding in the year 2020, in which Indian celebrity
couple Virat Kohli and Anushka Sharma have also
infused their $340K.
• The reason is more than 20 lakh Indian population have
bought illness insurance against COVID-19 and other
diseases like malaria, chikungunya, dengue, and others.
Digit is a Bangalore-based startup which reached its
break even in 2020 because of its lower operating costs
and excellent business metrics. .

16. • The Chairman, Kamesh Goyal
confirmed that the company has
managed to expand its business by 30%
in 2020 when the entire insurance
industry was struggling. Digit has
bagged many awards like “ Hottest
Startups in India 2019”, “Asia’s Best
general Insurance Company of the Year
2019”, “Fintech 250 List” and more.
Kamesh Goyal further ensured that the
funding raised will be used to grow
business and technologies.

17. BOAT
• Aman Gupta’s leadership and extensive experience
in finance, marketing, and sales have been
instrumental to Boat’s success. The company’s
commitment to affordability and quality has
earned it a strong brand reputation, making it a
preferred choice for consumers.
• Boat’s journey inspires aspiring entrepreneurs,
highlighting the power of determination and
innovation in building a successful startup in
India’s competitive market.

18. • Boat, founded in 2016 by Aman Gupta and Sameer
Mehta, has emerged as a significant contender in
India’s consumer electronics market, securing its
place among the top 50 startups in India.
• Initially bootstrapped with funding from the
founders, Boat revolutionized the industry by
offering affordable audio products without
compromising on quality. Despite challenges in
attracting investment for Indian hardware ventures,
Boat’s revenue soared to around Rs 500 crores in
2020, showcasing its remarkable growth.

19. Nykaa
• Nykaa is an online beauty store and a fashion e-commerce
platform that was founded in 2012. The company offers
wellness and beauty products to customers at reasonable
prices. It is interesting to know that it raised $25 million in
March 2020 and is now valued at $1.2 billion. The
company’s investors include Bollywood celebrities like Alia
Bhatt and Katrina Kaif.
• Falguni Nayar, the platform founder and a former investment
banker, has visioned to create a platform with thousands of
product options. Now, the company has more than 55 retail
stores and fulfils around 1.5 million orders every month.
Nykaa has more than 5 million monthly active users and
deals with more than 500 brands through its website and the
stores.

20. • The company has also started its new
venture Nykaa Fashion which offers
apparel and accessories. It has introduced
its own private label for intimate wear
named Nykd. According to RedSeer
Consulting’s report, India’s online beauty
market is expected to grow at a CAGR of
9%. This is an opportunity for Nykaa to
grow more in the Indian market and
expand its business. The company is in. a
run-up of IPO by 2022 and is expected to
raise $3.5 billion in the public market

21. Practo
• Its platform assists consumers in locating doctors and
healthcare information while providing practice
management software to healthcare centers through a SaaS
model.
• With over 45 million appointments per year and a presence
in India and four countries overseas, Practo has become a
significant player in the healthcare industry.
• The company aims to expand further into health insurance
and preventive healthcare, leveraging its platform to
connect doctors with patients. With its innovative approach
and substantial impact, Practo stands out among the list of
startup companies in India

22. • Practo, founded in 2008 by
Shashank ND, is a prominent
health tech startup based in
India. With a focus on
emerging markets, the
company has raised $180
million from investors, with
Tencent leading the latest $55
million Series D round.

23. Ather
• Backed by investors like Flipkart, Tiger Global, and
Hero Motocorp founders, Ather Energy focuses on
creating intelligent products and building charging
infrastructure, initially targeting metro areas like
Bangalore, Chennai, and Pune.
• Utilizing Model-Based Design with MATLAB and
Simulink, Ather Energy efficiently develops its scooters
and charging stations, ensuring rapid progress with a
small team.
• With positive user reviews highlighting their reliability,
comfort, and value for money, Ather Energy’s scooters
are available in 139 cities, supported by Ather Space

24. • Ather Energy, an Indian startup
headquartered in Bangalore,
specializes in electric two-wheeler
manufacturing. Established in 2013
by Tarun Mehta and Swapnil Jain,
the company is renowned for its
electric scooters, including the
Ather 450X, Ather 450S, and
Ather 450 Apex, featuring high top
speeds, extended ranges, and fast
charging capabilities.