The Indian startup ecosystem is said to be the third-largest in the world and continues to attract investors from all regions as business opportunities grow. The biggest e-commerce deal between Wal-Mart and Flipkart, 31 unicorns and counting, and plenty of unused opportunities – India is home to some of the biggest startup success stories.
Indian startup companies are most elevated their breach of products as well as type up with the biggest platforms. And the impact of the Indian most successful startups is not only felt in the country but across the world, as Indian startup products and services cross over to international markets.
This is a list of startups based on current expectations
Redbus is India’s largest online bus ticketing platform, transforming bus travel in the country by helping millions of Indians who travel by bus. Redbus was founded in 2006 as part of Make My Trip, India’s leading online ticketing travel company. By providing the widest choice, excellent customs service, lowest prices, and unmatched benefits. redBus has served over 20 million customers. redBus currently runs in six countries – India, Malaysia, Indonesia, Singapore, Peru, and Colombia and has so far registered over 180 million trips, with a customer base of over 20 million.
redBus is a connected, bus traveler with a network of over 2500 bus operators across India. In 2018, the company achieved a GMV of ₹50 billion (equivalent to ₹54 billion or US$750 million in 2019), with a 70% share in the Indian online bus ticketing segment.
Launch Year: 2006
2. Flipkart – Ecommerce
Flipkart was founded by Sachin and Binny Bansal in 2008 with a sum of $6,000 (INR 4 Lakh). It went on to become one of the largest e-commerce startups in India and is now estimated at a huge $20 Bn. Flipkart has had many a sign in its decade-long journey, one of the biggest being the $16Bn investment by Walmart making it the largest eCommerce deal in the world, and since then it has also burgeoned its payments business with a sharper focus on PhonePe, which has grown into a unicorn by itself.
Of late, Flipkart has been expanding its operations by getting into the OTT space with Flipkart Videos and food retail business with Flipkart FarmerMart
Launch Year: 2007
Founders: Sachin Bansal, Binny Bansal
3. BYJU’S Edtech
What started out as a simple learning platform has grown into one of the world’s largest Edtech brands. BYJU’S today offers various online secondary and senior secondary courses suited to the Indian schooling system along with online study material for competitive examinations such as IAS, CAT, GRE, study material from Class IV to Class X for both CBSE/ICSE students and learning modules for pre-school children.
Since the launch of its learning app it has registered 35 Mn users and 2.4 Mn annual paid subscribers. The company said that in April 2019, BYJU’s crossed INR 200 Cr ($28.61 Mn) in monthly revenue. BYJU’S was last valued at $ 5.7 Bn and has raised over $969.8 Mn funding from investors such as General Atlantic, Tencent, Naspers, Qatar Investment Authority, and Canada’s Pension Plan Investment Board (CPPIB) among others.
Launch Year: 2008
Founders: Byju Raveendran, Divya Gokulnath
4. Paytm -fintech
While Paytm began as a digital wallet, it has morphed and taken on new verticals within payments many times over the years. To its credit, Paytm has managed to keep its services consistent and submissive with the changing governing and fintech trends. It claims to have more than 130 Mn active users today and besides individual payments and transactions, customers can pay bills for utilities, transfer funds to other bank accounts, book flights, trains and movie tickets, and more.
Paytm’s turning point came with the demonetization of high-value currency notes on November 8, 2016. Its user base was built from 125 Mn users before demonetization to 185 Mn three months after. Since then, it has continued to grow, hitting the 300 Mn mark in 2018. It has also expanded to include six new entities — Paytm Financial Services, Paytm Entertainment, Paytm Money, Paytm Mall, and Paytm Insurance Corporation, and more. Where there is no one who is successful overnight watch the Top 7 successful startups in India.
Founder Vijay Shekhar Sharma has said Paytm will be looking to get publicly listed after 2021 when the fintech company starts generating cash.
Launch Year: 2010
Founders: Vijay Shekhar Sharma
5. Dream11- Sports and Entertainment
Nobody thought India would have a gaming startup that will earn global recognition. But Dream11 has done just that and mostly because of its association with the biggest cricketers in the world, and its focus on gaining the market around tournaments such as the Indian Premier League (IPL) as well as customizing fantasy football gaming for the Indian market.
It took the company three years to hit its first million users, and soon after that, it crossed 3 Mn users in less than two months. Today, Dream11 boasts of 50 Mn users and sports-related websites regularly cover fantasy game predictions as they would cover actual cricket matches.
As cofounder Bhavit Sheth told Inc42 earlier this year, combined users from Tier 2, Tier 3, and Tier 4 are much higher than Tier 1 because when we grew from 300K to 10 Mn and so on, the last few growth streams have come from the lower-tier cities like Lucknow, Kanpur, Amritsar, Chandigarh, Jaipur, etc.
Launch Year: 2011
Founders: Harsh Jain: Bhavit Sheth
6. Book My Show- Bigtree Entertainment
Book my show is a big tree entertainment is India’s largest entertainment ticketing website. It is the only description for movie and non-movie options like events, plays, and sports. Within a decade of its beginning, the company poses a 40% CAGR in revenues and over 90% market share in the online entertainment ticketing space.
One platform that combines all movie-goers is BookMyShow.com, a platform that offers a plethora of options when it comes to booking tickets. Movies, parties, events, and everything else you can imagine—BookMyShow has it all covered. Booking tickets has become as easy as ABC courtesy of this venture. But turning into a successful venture wasn’t an overnight journey for them. Where there is no one who is successful overnight and this is the article of Top 7 Successful Startups In India.
Launch Year: 1999
Founders: Ashish Hemrajani, Parikshit Dar, and Rajesh Balpande
7. Oyo Rooms
Oyo is another startup that’s fairly ubiquitous — from Delhi to Dalhousie, its hotel boards are visible wherever you go. Oyo has seen a breathtaking increase in its valuation over the last 19 months — until October 2018, it wasn’t even worth $1 billion, but had then raised a mega $1 billion round to be valued at $5 billion. Since then, it’s set up more rooms in China than in India, expanded into the US, Japan, and Saudi Arabia, and is now worth $10 billion, making it the second among the most valuable startups in India. These are the Top 7 Successful Startups In India an engaging content must watch.
Launch Year: 2013
Founders: Ritesh Agarwal
Hopefully, this article tells about on Top 7 Successful Startups In India. Every successful person has started a career with zero as gain traffic in a part of the field. This startup company has faced fluctuations in beginning, all crossed and stood on a level. If you like this article share it with your friends and family members do follow websplashers engaging content here.