India currently has 72,993 recognised startups (as of 30th June 2022), which stood at 471 in 2016.
The whopping figure is a result of the remarkable rise of the startup ecosystem in the country. The startup culture in India is witnessing an upward trend due to various reasons, such as technology-associated innovation, various government schemes promoting the culture, and corporate venturing, among others.
With the 3rd largest startup ecosystem, new entrepreneurs are reaching for the sky and putting India on the global map with their power-packed business ideas to take the country forward.
In the blog today, we’ll throw light on the top five Indian startups that are shaping the future of our country.
CRED
“If you fully accept the worst that can ever happen in your journey, fear won’t ever be an obstacle in starting up.” – Kunal Shah.
Founded in 2018 by Kunal Shah, CRED has grown from strength to strength in the industry. It is a platform where credit card holders get rewarded for timely payment.
The 4-year-old startup has over nine million members on its platform who are eligible to receive rewards and cashback daily. According to Techcrunch, the fintech platform now stands at a $6.4 billion valuation, up from $4 billion in October 2021.
Meesho
Meeshowhich means ‘Meri Shop’, is a SoftBank-backed social eCommerce startup founded by IIT-Delhi graduates and batchmates Vidit Aatrey and Sanjeev Barnwal in 2015. They stand at a current valuation of over $4.9 billion and have over 100M+ App downloads with 65M+ active customers.
They have been going strong with their disruptive marketing strategy and increasing customer base. The startup has delivered on its agenda of providing small businesses with an online marketplace ecosystem to connect with customers.
PharmEasy
Established in 2015 and founded by Dharmil Sheth and Dhaval Shah in Mumbai, PharmEasy has grown manifolds since its inception.
PharmEasy is India’s leading online healthcare and medicine delivery platform. PharmEasy has 25 million registered users as of 30th June 2021, with 8.8 million orders and 2.4 million transacting customers as of FY21, speaking volumes of its pan-India approach.
In 2021, the online pharmacy startup PharmEasy raised $350 million or about ₹2,600 crore and became India’s first e-pharmacy unicorn.
TradeX
Founded in 2021 by Divij Goyal and Ankit Shrivastava, TradeX is a prediction market trading platform. It enables users to trade as per opinions that matter to them and earn rewards for correct predictions. TradeX has raised $1M in funding through a seed round in 2022 supported by a group of nine investors.
Skyroot Aerospace
Founded by former engineers and scientists from ISRO and headquartered in Hyderabad, Skyroot Aerospace is an aerospace manufacturer and launch service provider developing launch vehicles for cost-effective access to space. In the latest funding round in August 2022, Skyroot Aerospace raised about $5M.
In 2020, Startup India, DPIIT, recognized Skyroot Aerospace as the winner for ‘Space’ in the ‘Launch Vehicles’ category and won the prestigious National Start-up Award.
Conclusion
Indian Startups have been taking the growth story of the country a notch higher, moving forward with sheer talent, remarkable dedication, enthusiasm, and clever use of digital technologies to upscale their marketing efforts.
And TZS Digital has been helping Indian startups gain the much-needed momentum on digital platforms to stay ahead and on top of the competition.
If you are a startup looking for guidance, then TZS Digital can help you raise the bar with a unique marketing approach.
Here’s a sneak peek into the results we have created for various clients so far.
Want to know more about what we have to offer you?
Let’s connect and get your startup off to a flying start.
