A look at the Top 10 Booming Startups in India 2020

Startups are always resilient, owing to their thriving nature. Several such Indian startups are in neck-to-neck competition with international rivals and also are doing tremendously well. During this pandemic year, many companies came up with innovative ways to attract and also retain customers. The below companies continue to attract employees, investment, and attention from customers, as they pave the way to a better India.

Flipkart

Source: The Statesman

Headquartered in Bengaluru, the company is one of the leading e-commerce websites with thousands of registered sellers and also millions of users. Recently, the company expanded its retail capabilities by acquiring a 100 percent stake in Walmart, India. With this move, the company intensifies its competition with many rival players in the retail market.

Ola

Source: Startup Buzz

Founded in 2010, Ola has revolutionized technology in India. Competing with Uber, Ola has an established customer base and also has ties with several firms, including Indian Oil Corporation and also Microsoft. Along with the promising investment, these collaborations propelled the startup to convert into an undisputed king in India’s cab aggregator market.

Zomato

Source: Business Traveller

Zomato is a 3.6 billion US dollars worth company founded in 2008, having a presence in more than 24 countries. The food delivery firm witnesses tens of thousand orders weekly. As of November 18, 2020, the firm announced that it would not take any commission on takeaways from its partner restaurants. Employing such strategies has pushed the firm to get into the top 10 startups in India. Zomato recently purchased Uber Eats’s business earlier this year. Amid the pandemic outbreak, the food delivery giant is thriving to maintain and comply with all norms and provide the best services to its customers.

Paytm

Source: India Today

Paytm started as a digital wallet and slowly expanded its horizons in other verticals. The company has millions of active users across the country. The company has strived to keep its services relevant to its customers and expanded into paying bills for utilities, transferring funds to other banks, booking flights, trains, and also other tickets. The prime turning point for Paytm was in 2016, when the country faced a demonetization policy. The user figure jumped to 185 million crossing the 300 million mark in 2018. A few notable investors of Paytm include Alibaba, SoftBank, SAIF Partners, Berkshire Hathaway, SAP Ventures, and also Intel Capital. Founder Sharma has recently notified that the giant looks to get publicly listed after 2021.

Swiggy

Source: The Spoon

Ventured in the Koramangala neighborhood in 2014, with six executives and 25 partners, the company has grown to 2.1 lakh delivery partners. Swiggy is India’s most prominent food delivery service company offering food delivery and also ordering services to customers. The company’s total funding to date startups is approximately USD 1.42 billion, led by existing and also new investors, including Tencent, Samsung Ventures, Ark Impact, among others. Last year, the company expanded its presence to the 500th city.

Delhivery

Source: Delhivery

The logistic unicorn is on the way to disrupt the logistics supply chain in India for good by becoming the most profitable logistic company focusing on digital commerce. Launched in 2011, the company now offers fulfillment centers for various e-commerce sites offering B2C and also B2B services. The company’s estimated valuation stands up to USD 1.6 billion, with total funding at approximately 670 million US dollars. Delhivery and also Volvo are working together to deploy a specific Volvo solution for express operations to resolve quick delivery challenges. The company’s newly started fleet network operates across 17,500 pin codes and 2,300 points, covering almost 5,00,00 kilometers across the country in a day.  

Oyo

Source: Next Big Brand

Oyo has emerged as India’s largest hotel network with a reach of 199 cities. The company is well on track with the founder’s vision and also looks forward to becoming the world’s largest hotel aggregator by the year 2023. The company is exploring the possibility of partnering with online travel giants and also traffic building platforms to enhance their visibility in India and also abroad. Internationally, the company constitutes a footprint in more than 800 cities in 24 countries. In March 2020, the firm raised USD 807 million as part of its USD 1.5 billion fundraise. Such investment pushes the company to touch new heights in the near future.

Owing to the unprecedented changes, Oyo has carried out multiple changes in the last few months across the country. It has merged the teams of Oyo, Town House, and also its cloud kitchen venture. The company also looks to scale down on Oyo Life, its co-living business. In light of the pandemic, the company provided its rooms as quarantine centers to positive patients.

BYJU’s

Source: Entrepreneur

The tech startup is one of the most prestigious unicorns. The Bengaluru-based tutoring app created a revolution in technology-based learning and also has now even expedited to international locations. With more than 50 million registered students, it turned unicorn in 2018 with a valuation of more than one billion US dollars.

Policy Bazaar

Source: Entrackr

Policy Bazaar offers four types of services to the partner insurance houses: telemarketing, rewards, outsourcing, and also product listing. The company turns out to have clients like HDFC Standard Life Insurance for outsourcing services. The multiple funding rounds have pushed the company to new heights. The firm looks forward to aiding healthcare professionals as it infused around USD 50 million in DocPrime to foray into healthcare.

Big Basket

Source: Exhange4media

The online supermarket possesses more than seven million customers. Started in 2011, the company has always stayed ahead of its rivals in the online grocery stores as it clocks monthly sales of tens of thousands. With a technology-enabled backend, the company has always translated good margins of sales. The company has even invested in a smart vending machine firm and also looks forward to incorporating innovation in the near future.

The Indian startup ecosystem is booming like never before, possessing the third largest startup ecosystem after the US and also China. As the tech services expand, the new few years will see flourishing startups serving needful causes.