Start-Up India, Stand-Up India
First generation entrepreneurs are not new to India. India’s number one company was founded by a first generation entrepreneur, Dhirubhai Ambani. India’s most admired IT company, Infosys was set by seven middle class, ex-employees who had no family wealth or political contact. But in the world’s second most populous country, such examples were rare. Today Indians are free to have a dream and live it.
Following is a list of Top 10 funded startups on India
Flipkart is an e-commerce company founded in 2007 by Sachin Bansal and Binny Bansal. The company is registered in Singapore, but has its headquarters in Bangalore, Karnataka. Flipkart has launched its own product range under the name “DigiFlip” with products including tablets, USBs, and laptop bags
In May 2014, Flipkart received $210 million from DST Global, in July 2014 it raised $1 billion led by existing investors Tiger Global and South Africa’s media group Naspers and in May 2015 it raised $550 million from some of its existing investors. Flipkart’s last fundraising round in May 2015 had pegged its valuation at $15 billion.
Snapdeal is an online marketplace, New Delhi, India. The company was started by Kunal Bahl, a Wharton graduate as part of the dual degree M&T Engineering and Business program at Penn, and Rohit Bansal, an alumnus of IIT Delhi in February 2010. Investors in the company include SoftBank Corp, Ru-Net Holdings, Tybourne Capital, PremjiInvest, Temasek Holdings, Bessemer Venture Partners, IndoUS Ventures, Kalaari Capital, Saama Capital, Nexus Ventures, Intel Capital, and Ratan Tata. When Snapdeal acquired FreeCharge in an equity deal, investors Sequoia Capital India, Valiant Capital, Sofina, Ru-Net Holdings, and Tybourne Capital became shareholders in Snapdeal.
OlaCabs, commonly known as Ola, is an Indian transportation network company. Ola started as an online cab aggregator in Mumbai, now based out in Bangalore and is among the fastest growing businesses in India. It is working on the business model used by the likes of behemoths like Uber.
It was founded on 3 December 2010 by Bhavish Aggarwal (currently CEO) and Ankit Bhati. By 2014, the company has expanded to a network of more than 200,000 cars across 85 cities. In November 2014, Ola expanded to incorporate autos on-trial basis in Bangalore. Post the trial phase, Ola Auto expanded to other cities like Delhi, Pune and Chennai starting December 2014. In December 2015, Ola expanded it’s auto services in Chandigarh, Indore & Jaipur. Ola was valued at $5 billion as of September 2015
Paytm is an Indian e-commerce shopping website headquartered in Noida, India, launched in 2010. It is owned by One97 Communications The firm started by offering mobile recharging, adding bill payment and e-commerce , with products similar to businesses such as Flipkart, Amazon.com, Snapdeal. In 2015, it added booking bus travel
Quikr is an Indian classified advertising platform. It was founded by Pranay Chulet in 2008, and as of 2013 reported 12 million listings. Headquartered in Bangalore, Quikr has a listings in over 1,000 cities in India in categories such as mobile phones, household goods, cars, real estate, jobs, services and education. On 7th January, 2016 Quikr tweeted that it has acquired the real estate portal commonfloor.com
ShopClues.com is an online marketplace, headquartered in Gurgaon, India. The company was founded in California’s Silicon Valley in 2011. It has over 12,000 registered merchants retail +2,00,000 products on the platform to over 42 million visitors every year across 9500 locations in the country.
ShopClues joined as 35th entrant in the Indian e-commerce in 2011. The company employs about 700 people across different locations.
CarTrade.com is an online auto classifieds platform serving as a marketplace for users interested in buying and selling new and used vehicles. Car Trade operates as a platform for both business-to-business (B2B) and business-to-customer (B2C) operations. The business model can be divided into two sets – CarTrade.com, a B2C portal where visitors can buy and sell new and used cars, and CarTrade Exchange a B2B dealer portal which allows dealers to manage their online auctionsand sales.
Zomato is a restaurant search and discovery service founded in 2008 by Deepinder Goyal and Pankaj Chaddah. It currently operates in 23 countries, including India, Australia and the United States. It features restaurant information such as scanned menus and photos sourced by local street teams, as well as user reviews and ratings. The company also provides cashless payment, online ordering, white-label apps, table reservation, and point-of-sale systems.
Grofers is an app-based delivery service that connects consumers with local stores.Grofers has raised $166.5 Million till date (November 2015) after 3 rounds of funding by Softbank, Sequoia Capital and Tiger Global. Grofers was founded on December 27, 2013 by Saurabh Kumar and Albinder Dhindsa. The company started working on a B2B model before becoming a hyperlocal B2C delivery service. In November 2014, it started its offerings to the end customers. In October 2015, Grofers temporarily halted operations in certain parts of NCR due to operational issues. On January 3, 2016, Grofers formally announced scaling back operations in 9 cities