10 Top funded Indian startups

The 10 top Indian startups raised $7.52 billion in funding from investors. Startup OYO Rooms is a leader in the sector, raising funds from investors, a total raised $1.7 billion followed by Swiggy with $1.5 billion. Swiggy is 2nd top Indian startups choice of the investor.

The leading Edtech startup BYJU’S is at 3rd position, raised a total of $969.8M funding from 6 investors.

A report published by TiE Delhi-NCR and Zinnov, according to that Delhi-NCR is leading the startup activities in India, more than 7000 startups founded from 2009 to 2019 in Delhi-NCR. Delhi-NCR is now a hub of the Indian Startups ecosystem.
10 Indian UNICORN startups belong to Delhi-NCR. Bengaluru and Mumbai have registered 5,234 and 3,829 startups, mentioned in the report.

BloombergQuint Report

Here is the list of Top 10 Funded Indian Startups

10 Top funded Indian startups: OYO, Swiggy, Byju's, PayTm Mall, Zomato, Udaan, Policy Bazaar, Pine Labs, Cure.fit and GreyOrange.
10 top funded Indian startups

1. OYO:

Indian Startup Oyo Rooms
Indian Startup Oyo Rooms

Indian Startup Oyo Rooms is the topmost funded Indian startups in the list.

A Gurgaon- based top Indian startups OYO is a hotel network founded in 2014 by Ritesh Agarwal.

  • Oyo’s journey started from 5 cities in December 2014 to 200 cities in 2015.
  • Startup OYO has raised a total of $1.7B funding in 12 rounds from 20 investors.
  • The latest funding was raised $75M million on Apr 1, 2019, from a Series E round led by AirbnbAirbnb and Didi Chuxing are the most recent investors in the Indian Unicorn startup OYO.

Topmost funded Indian startups Oyo is a World’s fastest-growing hotel chain available in 800+ cities in India. More than 23,000 hotels associate with the Oyo, provides 330,000 rooms.

Now Oyo is available abroad in China, Malaysia, Nepal, Indonesia and UAE.

The success of Oyo Rooms is an example of organizing retail business by the use of technology to fulfill the requirement of Indian consumers. Oyo is a Consumer-centric platform provider is another Unicorn startup in India.

2. Swiggy:

Indian food ordering and delivery Startup Swiggy
Indian Startup Swiggy

Indian Startup Swiggy is the 2nd most funded Indian startups in the list.

A Bengaluru based food ordering and delivery startup Swiggy founded in 2014 by Nandan Reddy, Rahul Jaimini and Sriharsha Majety.

  • Startup Swiggy has raised a total of $1.5B funding in 9 rounds from 13 investors.
  • The latest funding $1 billion was raised on Dec 20, 2018, in a Series H round of funding led by investor Naspers.
  • Startup Swiggy had raised $16.5 million in June 2015, in Series B round of funding.
  • Swiggy acquired a total of 4 technology startups to enhance technology includes Kint.io.

Swiggy began operations by signing up a few restaurants in Koramangala, Bengaluru in 2014 and raised its first round of funding and launched the app in May of 2015.

More than 5,000,000 users downloaded the Swiggy app, and Swiggy has a network of more than 25,000 restaurant owners, listed on the platform to deliver the quality food on order.

The best example of organizing retail service providers, the use of innovative technology to fulfill the requirement of the consumer.

3. Byju’s:

Byju's Edtech startup -provides learning materials.

Indian Startup Byju’s is the 3rd most funded Indian startups in the list.

Byju’s a Bengaluru-based Edtech startup is the world’s most valued Edtech startup founded in 2011 by Byju Raveendran and Divya Gokulnath.

  • BYJU’S has raised a total of $969.8M amount of funding from 6 investors in 11 rounds.
  • The latest funds raised on Jul 10, 2019, from a Private Equity round, funded by Owl Ventures and Qatar Investment Authority.
  • BYJU’S has acquired 4 companies, recently acquired Osmo for $120M.

BYJU’S app has more than 3.5 Crore registered users, and the app is updated with 50,000+ videos, tests, quizzes, games, and interactive lessons and much more available on BYJU’S site and app.

In India, more than 35 million students learn from Byju’s learning programs, the average user spent time is 71 minutes daily. BYJU’S is available to Class 4 – 10, 11-12, JEE/NEET, and test preparation.

4. Paytm Mall:

 Paytm Mall  website page image
Paytm Mall website page

Indian Startup Paytm Mall is the 4th most funded Indian startups in the list.

Noida-based Paytm Mall is an online and mobile marketplace, and a subsidiary of One97 Communications’ Paytm brand India’s largest leading payment gateway founded by Vijay Shekhar Sharma in 2010.

  • Paytm Mall has raised a total of $795M funding in 3 rounds from 4 investors.
  • Their latest funding was $150M raised on Jul 18, 2019, from a Corporate Round round led by eBay at the pre-valuation of $2.9B.
  • By this deal, eBay picks a 5.5% stake in Paytm Mall.
  • SAIF Partners, Alibaba Group, SoftBank Vision Fund, ANT FINANCIAL, and eBay are principal investors in the Paytm Mall.

Paytm Mall has invested in Bigbasket.com an online food and grocery store in 2017by Series E funding round.

Retailers and wholesalers can sell their products on the Paytm Mall platform.

This startup is also focusing on Indian consumer stories and providing eCommerce platforms. StartUp organizes retailers to sell their products and get paid by easy payment options.

5. Zomato:

 Unicorn startup Zomato
Unicorn startup Zomato

Indian Startup Zomato is the 5th most funded Indian startups in the list.

Gurgaon-based Unicorn startup Zomato offers a search app that provides detailed information for restaurants as well as online food delivery founded by Deepinder Goyal and Pankaj Chaddah in 2008.

  • Zomato has raised a total of $755.6M funding in 13 rounds from 11 investors.
  • Their latest funding was raised Rs 4.4 billion on Mar 1, 2019, from a Corporate Round round led by Delivery Hero.
  • Info Edge, Sequoia Capital, Temasek Holdings, Vy Capital, Shunwei Capital, Ant Financial, Glade Brook Capital Partners and Delivery Hero are led investors in the startup Zomato.

Zomato is present in more than 10000 cities globally in 24 countries and delivered more than 100 million foodies monthly.

6. Udaan:

B2B trade platform Udaan
B2B trade platform Udaan 

Indian Startup Udaan is the 6th most funded Indian startups in the list.

Bengaluru-based B2B trade platform startup Udaan is the youngest Unicorn startup in India.

  • Udaan has raised a total of $681.3M funding in 7 rounds from 9 investors. 
  • DST Global, Altimeter Capital , Lightspeed Venture Partners, Trustroot Internet, Hillhouse Capital Group, Footpath Ventures, GGV Capital, Altimeter Capital are the main investor in the startup Udaan.

Udaan raised $300M at a valuation of over $2.2 billion in series D funding round led by a clutch of investors including Altimeter Capital and Footpath Ventures.

Startup Udaan claims that 20,000 sellers, 10 lakh retailers and 500+ Brands are selling over 15 lakh products by use of the Udaan platform.

7. Policy Bazaar

finTech startup Policybazaar
finTech startup Policybazaar

Indian Startup Policybazaar is the 7th most funded Indian startups in the list.

Gurgaon-based finTech startup Policybazaar is an insurance aggregator website that compares financial services from major insurance companies. Late Stage Venture Policybazaar is founded by Alok Bansal and Yashish Dahiya in 2008.

  • Policybazaar has raised a total of $346.6 million funding in 7 rounds from 13 investors.
  • The latest fundraised on May 1, 2018, from a Series F round from Temasek Holdings and SoftBank Vision Fund.
  • Temasek Holdings, PremjiInvest, Tiger Global Management, True Northland, Wellington Management, Chiratae Ventures, Info Edge, Startup Holding, and SoftBank Vision Fund are an investor in the Fintech startup.

Since inception in 2008, the company has ensured 100% CAGR and also been profitable on the operations side throughout the journey.

A total of 100 million user visit website in a year means 2, 73,973 visitors in a day and about 11,416 visitors every hour.

8. Pine Labs

merchant platform startup Pine Labs
merchant platform startup Pine Labs

Indian Startup Pine Labs is the 8th most funded Indian startups in the list.

A Noida-based merchant platform startup Pine Labs provides financing and last-mile retail transaction technology to merchants founded by Rajul Garg and Tarun Upaday in 1998.

  • Pine Labs has raised a total of $310.8M funding in 5 rounds from 7 investors.
  • Latest funding was Rs. 7.1 billion raised on Jul 29, 2019, from a Corporate Round led by Flipkart.
  • Altimeter Capital, Actis, PayPal Ventures, Sequoia Capital India, Madison India Capital, Flipkart, and Temasek Holdings are an investor in the startup.

Pine Labs offers a cloud-based, unified point-of-sale (POS) full-stack merchant platform that is a unique blend of technology and financial solutions.

Pine Labs is a presence across 3,700 cities and towns across India and Malaysia and other parts of Asia. Over 21 financial services institutions and 100 top global brands are using the Pine Labs platform.

09. Cure.fit 

HealthTech Startup CureFit

Indian Startup CureFit is the 9th most funded Indian startups in the list.

Bengaluru-based HealthTech Startup CureFit founded in 2016 by Ankit Nagori and Mukesh Bansal.

CureFit is an Indian health and fitness company offering digital and offline experiences across fitness, nutrition, and mental well-being.

CureFit operates gyms under Cult.Fit, healthy food offerings under Eat.Fit and mental wellness under name Mind.Fit 

10. GreyOrange

 Indian Startup GreyOrange - Home page
Indian Startup GreyOrange

Indian Startup GreyOrange is the 10th most funded Indian startups in the list.

A technology startup creates hardware and software products for the warehousing industry. GreyOrange is a developer of robotic systems designed to help in warehouse automation. GreyOrang is founded by Akash Gupta, Samay Kohli and Wolfgang Hoeltgen in 2011.

  • GreyOrange has raised a total of $170M funding in 4 rounds from 8 investors.
  • Latest funding was raised $140M on Sep 7, 2018, from a Series C round from 3 investors led by Mithril Capital Management.
  • Previously Startup GreyOrange also raised $30M funding in Series B from Tiger Global Management in 2015.

BITS Spark Angels, Blume Ventures and Tiger Global Management are early-stage investors in the startup.

GreyOrange’s GreyMatter software uses Artificial Intelligence, Machine Learning, and recently advanced skills to give high-level accuracy and efficiency.

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