Top 10 Startup In India: From Groww to Paytm, a List You must Know

With the major shift in the Indian economy, government policies, and favorable market conditions, many startups have entered the market and are doing well to maintain their steady growth. In only August month, an Indian startup got record funding of over $1 billion. That's how Indian startups are performing even in slowing global economic conditions. In this article, I have shared the top 10 best startups in India from various sectors, including fintech, technology, and more. 

Top 10 Startups in India in 2023

1. Groww 

Founder: Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal

Industry: Financial Services

Head Office: Bengaluru

Groww is India's one of the well known online investment platforms that aim to simplify investment at the mass level and encourage investors to invest in different investment options. The platform has a user-friendly interface and many resources to help investors to know about investing and multiple investment options. Groww has over 30 million active investors on its website, allowing them to invest in mutual funds, stocks, and fixed deposits. 

2. Skyroot Aerospace 

Founders: Pawan Kumar Chandana, Naga Bharath Daka

Industry: Space Research

Head Office: Hyderabad

Skyroot Aerospace is founded by former engineers and scientists of ISRO. The startup was established with the aim of providing responsive, reliable, and affordable space technology and related services. According to sources, the company is currently working on a range of rockets that will carry small satellites in space at an economical cost.

3. Zepto

Founder: Aadit Palicha

Industry: Grocery Delivery

Head Office: Mumbai

This Mumbai-based startup promises to deliver groceries in under 10 minutes. This one of the well-known startups was founded by two Stanford dropouts. Due to their promising work vision and market share, they recently secured a $200 million investment in May 2022 at a business value of $900 million. It is one of the startups that are so close to becoming a unicorn at the value of $1 billion.

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4. CRED

Founder: Kunal Shah

Industry: Finance

Head Office: Bengaluru

Cred was founded in 2018 as a member-based credit card platform that offers a reward to its users on credit card transactions. This startup provides its users a platform where they can seamlessly manage their multiple credit cards and track their credit scores and do its analysis when needed. This startup is another Unicorn that is recently valued at $6.4 billion. 

5. Meesho

Founder: Vidit Aatrey and Sanjeev Barnwal

Industry: eCommerce

Head Office: Bangeluru

Meesho, a Bengaluru-based startup, got a very positive response from its customers and small businesses spread across India. This e-commerce company attracted small business owners to register their businesses on this platform and sell their products directly to the customers without requiring any transport channels or large documentation. 

6. Nykaa

Founder: Falguni Nayar

Industry: Health & Wellness

Head Office: Mumbai

Nykaa is a women-owned startup in India and is backed by Bollywood actresses like Alia Bhatt and Katrina Kaif as investors. The company has over 55 retail stores and completes over 1.5 million monthly orders. Nykaa's website attracts over 5 million visitors to access beauty and wellness products listed from 500 brands. 

7. boAt

Founders: Aman Gupta and Sameer Mehta

Industry: Electronics

Head Office: Delhi

The boAt is one of the most famous startups in India. It is highly renowned for its high-quality audio devices and smartwatches. The company comes in the top 5 audio system manufacturers worldwide due to its durable and high-quality products. As of now, BoAt has about $10 billion in assets, which are increasing rapidly.

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8. Swiggy

Founders: Nandan Reddy, Rahul Jaimini, and Sriharsha Majety

Industry: Food Delivery

Head Office: Bangeluru

Swiggy, another of the best startups in India, founded a food delivery platform. This Bengaluru-based startup has a presence in more than 27 cities and covers over 40 thousand restaurants located in different cities. Swiggy has an asset worth $5 billion, and it recently secured funding of $800 million.

9. Dream 11

Founder: Harsh Jain and Bhavit Sheth

Industry: Online Fantasy

Head Office: Mumbai

This startup company was founded as an online fantasy platform and has over 10 crores of active users. This Mumbai-based startup secured its funding of $400 million after the completion of IPL 2021. The best thing about this one of the best startups in India is that it's backed by TCV, which has also invested in Airbnb and Netflix. 

10. Paytm

Founder: Vijay Shekhar Sharma

Industry: Financial Services

Head office: Noida

This Indian-origin startup is one of India's most used financial services apps. It has around 20 million users who use this online payment application to accept digital payments. The company is valued at around $16 billion and comes among the top fintech companies in the world. 

Conclusion

So, these are some of the best Indian startups that have gained recognition in domestic and international markets. I hope you found this list helpful and learned about some of the best startups in India. 

FAQs

1. Which is the Biggest Startup in India?

Paytm is one of the biggest startups in India.

2. Which City has the Most Number of Startups in India?

Bengaluru is the city that claims to have the most number of startups in India.

3. Which is the Women Owned Startup in India?

Nykaa is a women-owned and leading startup in India.

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