Top 10 Magnificent Startups in India worth Admiring

CRED

CRED was founded in the year 2018 by Kunal Shah and Rohit Bansal. CRED is an innovative platform where one gets rewarded for paying credit card bills. The Bangalore-based startup started with the idea to improve the financial behavior of people. CRED gives coins when someone pays their credit card bills through their app. These coins can later be redeemed to purchase any product from their catalog or either participates in various contests running on their platform. CRED is the second-fastest growing unicorn startup in India. The total company valuation is 6.4 billion dollars.

Nykaa

The cult-favorite, renowned, one-stop beauty and fashion destination, Nykaa is next on our list. Founded by the remarkable women entrepreneur Falguni Nayar in 2012, Nykaa is the first Indian unicorn start-up to launch an IPO in 2020. After the launch of the IPO and multiple rounds of funding, Falguni Nayar became India’s wealthiest self-made female billionaire. The e-commerce company garnered success for introducing authentic products of international brands which were never known or heard of. The total company valuation is 13 billion dollars.

Skit.Ai

Previously known as Vernacular.ai, Skit.ai is an artificial intelligence-driven startup that provides top-notch digital solutions. Skit.ai was founded by Sourabh Gupta and Akshay Deshraj in 2016. This innovative platform uses conversational voice AI solutions for businesses to elevate the standards of customer experience. It follows a drift from the usual contact centers to AI that imitates natural voice conversations. With Skit.ai, enterprises can easily automate the logistics and operations of customer call centers.

Digit Insurance

The first unicorn of India 2021, Digit Insurance is an Insurtech startup that changed the way insurance products were understood, claimed, and purchased. The company started to make insurance simple and claims quicker for customers. They busted the complex myths about insurance and made processes smoother. It was founded back in 2016 by Mr. Kamlesh Goyal who spent a major chunk of his professional career in finance and insurance segments. The total company valuation is near to 4 billion dollars.

Udaan

A B2B e-commerce platform, Udaan works with a vision to revolutionize the paradigm of Indian trade by leveraging technology. On Udaan, manufacturers, sellers, retailers, and small business runners can purchase materials and products at feasible prices. They can also sell their services on this platform. Udaan solves supply chain management issues, ensures payment security, and focuses on SME trade financing. Vaibhav Gupta, Sujeet Kumar, and Amod Malaviya founded Udaan in 2016. The total company valuation is 3.1 billion dollars.

Groww

Next on today’s list is the fintech startup Groww. Groww is an investment platform that offers innovative ways to invest money with stockbroking, IPO, and mutual funds. The pivotal vision of the company is to educate people about the perks of systematic investment, savings, and personal financing. It was founded in 2017 by Lalit Keshre, Neeraj Singh, Harsh Jain, and Ishan Bansal. The total valuation of the company is 3 billion dollars.

upGrad

Moving to the ED-tech domain, upGrad holds a colossal position in providing higher education. Founded by Phalgun Kompalli, Mayank Kumar, Ronnie Scewrvala, and Ravijot Chugh, upGrad is an online platform where students can choose their higher education courses online and get 100% placement assistance. The popularity of upGrad grew because of its diverse and rigorous courses in digital marketing, logistics, management, data analytics, entrepreneurship, etc. The courses are offered with a flexible fee structure and a placement guarantee. The total company valuation is 2.25 billion dollars.

Meesho

If we think of one such re-selling platform that has grown to immense popularity in India, has to be Meesho. Meesho was founded in 2015 by Vidit Aatrey and Sanjeev Barnwal. The e-commerce platform provides quality and affordable products from apparel to clothing, accessories, cosmetics, and whatnot. The suppliers engage with Meesho and sell their products online for which they earn a good profit with every sale made. It has now tie-ups with more than 50,000 sellers across India and has helped people to start and grow their reselling businesses. The total company valuation is 2 billion dollars.

Zerodha

Founded by brothers Nithin and Nikhil Kamath, Zerodha is a fin-the startup that registers with the Securities and Exchange Board of India since 2010. This platform provides brokerage facilities at discounted rates to stock traders. This online discount broking company works to bring lower costs, mutual funds, bonds, and maximum profits for a stock market trader. The company has more than one million active users and holds a total valuation is 2 billion dollars.

PhysicsWallah

PhysicsWallah’s entrepreneurial journey is close to the heart of every Indian Student. Regarded as India’s most loved educational platform with more than 6 million active learners, Physics Wallah has come a long way through. An ED-tech startup that provides the best educational services for IIT, JEE, NEET, and CAT amongst others, Physics Wallah was founded by Alakh Pandey in 2014 fist on YouTube. The total valuation of the company is 1.1 billion dollars.