Top Indian Startups 2019: Best fit on LinkedIn set Criteria

LinkedIn top 25 startups logo
image Source- LinkediN

The startups included in the list are passed the criteria fixed by the LinkedIn professional team. This list is not only a list of 25 top startups but it’s a list of top startup successful business models in India.

Entrepreneurs and early-stage startup must look at the list, and find out the insight of the business models, that how these startups addressed the pain of the customers with the help of innovative technology.

These startups take the attention of investors, customers, industry experts, and Indian talents. In the list, OYO Hotels and Homes retained the top position with the expansion of its business across 80 countries, followed by Cure.Fit, TapChief, Razorpay, and Bounce are other Indian startups in the top five.

Four basic parameters for startups selected

  1. Employment growth: This measured as a percentage of employment growth over one year, must be a minimum of 15% annual growth.
  2. Engagement: This measured non-employee views on startups and startups employee profile, and follows the company’s LinkedIn page of the company.
  3. Job interest: How many people are viewing and applying to jobs at the startup.
  4. The attraction of top talent: This measures how many employees the startup has recruited away from LinkedIn Top Companies, as a percentage of the startup’s total workforce.

Four main eligibility Criteria passed by the startups.

  1. The startups are independent and privately held.
  2. The number of employees of startups is more than 50.
  3. The Startups are 7 years old or younger.
  4. All startups possess headquarters in India.

Top 25 startups selected Linkedin team

LinkedIn released its 2nd list Top 25 reputed and well-established startups based on four parameters and specific criteria.

1. OYO Hotels and Homes: A Gurgaon- based top Indian startups OYO is a hotel network founded in 2014 by Ritesh Agarwal is leading the top list. 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 Airbnb.

Oyo is a topmost funded Indian startup and has World’s fastest-growing hotel chain available in 800+ cities in India with more than 12,000 employees. OYO has collaboration with More than 23,000 hotels, which provides around 330,000 rooms.

2. Cure.Fit: Cure.Fit is a Bengaluru-based HealthTech Startup 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 with brand names Cult.Fit, Eat.Fit and Mind.Fit. respectively. 

CureFit has raised a total of $294.6M in funding over 8 rounds from 24 investors.  CureFit raised $120M in Series C round and also other $120M in Series D round of funding from Accel, IDG Ventures, Kalaari Capital and Oaktree Capital Management.

3. TapChief: Bengaluru-based startup TapChief founded in 2016 by Arjun Krishna Vasisht, Binay Krishna Shivam and Shashank Murali. TapChief has raised a total of $950K funding by 8 rounds from 15 investors including 500 Startups, Mekin Maheshwari, Kunal Shah-Cred CEO, NuVentures, Paytm, AngelList, Stanford Angels and Entrepreneurs, SucSEED Venture Partners, etc.

TapChief claims that they empower over 60000+ professionals to aggregate their personal brand online and 75,000 Hours of expertise exchanged. TapChief connects individuals and businesses with domain experts.

4. Razorpay: Fintech startup Razorpay founded in 2014 by Harshil Mathur and Shashank Kumar. Fintech startup Razorpay is a platform that helps businesses accept, process and disburse payments.

Razorpay has raised a total of $106.7 million funding over 5 rounds from 29 investors including Tiger Global Management, Sequoia Capital India, Y Combinator, MasterCard, Matrix Partners India, Ribbit Capital and other 24 Seed round investors. In June 2019, the startup raised $75 million in Series C funding round.

Fintech Startup Razorpay claims that over 2,00,000 businesses using Razorpay. It provides users with access to all payment modes including credit card, debit card, net banking, UPI and popular wallets including JioMoney, Mobikwik, Airtel Money, FreeCharge, Ola Money and PayZapp.

5. Bounce: A Bengaluru-based startup Bounce is the world’s fastest-growing bike-sharing startup, founded in 2014 by Anil G, Varun Agni and Vivekananda Hallekere. Bounce has raised a total of $102.7 million of funding over 7 rounds from 13 investors including BAC Acquisitions (BACQ), B Capital Group, Qualcomm Ventures, Accel, Falcon Edge Capital, Omidyar Network, Chiratae Ventures, Maverick Ventures, InnoVen Capital, etc. In June 2019 Bounce has raised $72 million in Series C round of funding led by B Capital Group.

The startup Bounce claims that it operates 75,000 daily rides in Bengaluru.

6. Playment: A Bengaluru-based startup founded in 2014 by Ajinkya Malasane, Akshay Lal and Siddharth Mall.

Playment is a fully managed data labelling platform that provides high-quality training data for computer vision models at scale. The startup Playment claims that its platform is powered by a trained workforce of 300,000+ users and managed by their human intelligence experts.

Startup Playment raised a total of $2.5 million in 4 Seed rounds of funding from 6 investors including, SAIF Partners, Y Combinator, Google Launchpad Accelerator, Sparkland Capital, Ryan Petersen-Founder Flexport and Max Altman.

7. Rivigo: Logistics startup Rivigo is a technology company founded in 2014 by Deepak Garg and Gazal Kalra, which provides unique innovative solutions to Automotive, Logistics and Transportation segments in India.  The founder Deepak Garg on his LinkedIn profile “Making logistics human” – the basic concept on which the startup Rivigo is functioning.

Rivigo has raised a total of $250.5 million in 7 rounds from four investors including SAIF Partners, Warburg Pincus, KB Global Platform Fund, etc. Earlier, on Jul 10, 2019, Rivigo raised $65 million in a Series E round of funding, and in September last week company raised more $4.97 million, and become a UNICORN startup of India.

8. Acko General Insurance: Acko General Insurance is a Mumbai-based digital insurance company in India that provides digital platform to the retail consumer to find and get insurance products at affordable rates, the startup founded by Varun Dua in 2017.

Acko General Insurance has raised a total of $107 million in 3 rounds of funding from 7 investors. In Series C round funding on Mar 13, 2019, led by Amazon has invested $65 million including 7 other investors Binny Bansal, SAIF Partners, Accel, RPS Ventures, Intact Ventures, and Techpro Computer. Kris Gopalakrishnan and N.R.Narayana Murthy Infosys founder are Seed round supporter of the fintech startup Acko General Insurance.

The company offers products in tie-ups with companies such as Amazon, OYO, Ola, Zomato and redBus.

9. mfine: A Bengaluru-based healthtech startup founded in 2017 by Myntra’s co-founder Ashutosh Lawania and former business head Prasad Kompalli gives an AI-powered online doctor consultation app that partners with leading hospitals. mfine has raised a total of $27.4 million in 4 rounds of funding from 8 investors including Alteria Capital, BEENEXT, Stellaris Venture Partners, SBI Ven Capital, Prime Venture Partners, SBI Investment, Mayur Abhaya and Rohit M.A.- co-founder Cloudnine Hospitals.

The startup claims that it has collaborations with over 600 Doctors, 150 Hospitals which treating 22 Specialities and 100000 Patients Treated to date.

10. InterviewBit: A Pune-based startup founded in 2015 by Abhimanyu Saxena and Anshuman Singh. InterviewBit is a platform to learn skills that needed for the technology jobs and get hired in the interview. InterviewBit Academy is a 6 Months immersive program that helps the technology job seeker to develop tech skills needed for the tech jobs in reputed companies.

11. Udaan: Bengaluru-based B2B trade platform startups Udaan is founded in 2016 by former Flipkart employees Amod Malviya, Sujeet Kumar and Vaibhav Gupta. Udaan raised a total of $869.9 million over 4 funding rounds from 10 investors, including Altimeter Capital and Lightspeed Venture Partners, who infused $585 million in the startup in Series D funding round on October 2, 2019, with 9 other investors.

Company is claiming that 20,000 sellers, 10 lakh retailers and 500+ Brands are selling over 15 lakh products using the Udaan platform.

12. Little Black Book: LBB is a Delhi-based digital product discovery platform that searches and discovers highly recommended places, products, and local experiences. The startup founded in 2012 by Dhruv Mathur and Suchita Salwan. LBB integrate technology and community to power discovery-led commerce for retailers.

Little Black Book raised a total of $8.3 million in 5 rounds of funding from 15 investors including, Alteria Capital, Blume Ventures, AET Fund, Inventus India, Chiratae Ventures, Dream Incubator, IDG Ventures, Indian Angel Network, etc.

13. Dunzo: The logistics startup Dunzo founded in 2015 by Ankur Aggarwal, Dalvir Suri, Kabeer Biswas and Mukund Jha. Startup Dunzo providing services in eight main cities of India and added a new B2B logistics service for retailers and small business owners. 

The company raised a total of $33.5 million funds in 10 rounds from 12 investors including, Alteria Capital, Kalpavriksh, Patni Wealth Advisors, Blume Ventures, Google, Cognizant, Raintree Family Office, Monika Garware Modi, and others.

14. UpGrad: UpGrad is a Mumbai-based bootstrapped edtech startup, which founded in 2015 by Mayank Kumar, Phalgun Kompalli, Ravijot Chugh and Ronnie Screwvala. UpGrad is an online professional education platform, which improves professional skills in Data Science, Technology and Management.

A bootstrapped startup claims that over 3 lakh students were empowered by its courses, and get a 47% salary hike by skill improvements. The company has s network of 250 hiring partners.

15. Nineleaps: Nineleaps is based in a Bengaluru-based tech startup founded in 2014 by Vivekanand Jha. Nineleaps is a technology product development specialist building high-performance solutions as per industry requirements. Tech startup Nineleaps helps companies to solve their complex problems by digital transformation and provide support in product development.

16. Simpl: Simpl is a Bengaluru-based technology company that works with merchants and consumers towards “Making Money Simple”. The fintech startup founded in 2015 by Chaitra Chidanand and Nityanand Sharma.

Simpl has raised a total of $2.5 million in 2 rounds of funding from 5 investors including DIA Investments, IA Ventures, Recruit Strategic Partners, FJ Labs and Green Visor Capital. Simpl provides one click payment solution.

17. Meesho: Meesho is an eCommerce online reseller platform founded in 2015 by Sanjeev Barnwal and Vidit Aatrey. Meesho is an online reseller network for housewives and SMBs, who sell products within their network on social channels. Meesho platform provides options to Users to search and find the best products, and resell in his social networks like WhatsApp, Facebook, and Instagram.

Meesho raised a total of $215.2 million in 8 rounds of funding from 22 investors including Facebook, SAIF Partners, Sequoia Capital India, Shunwei Capital, Prosus & Naspers, DST Partners, and many others. On August 12, 2019, Meesho raised $125 million in a Series D round led by Naspers Ventures.

18. Digit Insurance: Digit Insurance is a Bengaluru-based fintech startup in the business of general Insurance Company, founded in 2015, Kamesh Goyal as chairman, the company already provides services across 70 locations through offices in 28 cities.

Digit Insurance has raised a total of $45 million in a venture round of funding from Fairfax Financial Holdings. 

19. Karza Technologies Private Ltd: A Mumbai-based fintech startup Karza Technologies founded in 2015 by Alok Kumar, Gaurav Samdaria and Omkar Shirhatti. Karza Technologies provides business intelligence solutions to financial institutions and banks.

Company’s products ease the decision-making process in the financial sector to choose the right customer to provide loans, identify early frauds and many more financial decisions.

Karza Technologies has raised a total of $388.5K in a Seed round of funding from Singapore Angel Network and other 4 Angel investors.

20. StashFin: StashFin is a digital lending venture founded in 2016 by Tushar Aggarwal. Fintech startups provide credit limits to the customer and by issuing StashFin Credit Line Card.

Stashfin raised a total of $35M in 2 rounds of funding from 3 investors. Stashfin raised $30 million by debt from Fullerton Financial Holdings on May 7, 2019. Alto Partners SGR and Snow Leopard Technology Ventures are other Seed round investors in the fintech startup StashFin.  

21. Pristyn Care: Pristyn Care is a healthtech startup, focusing on innovation in daycare Procedures. Pristyn Care provides the most advanced technologies like Laser & Laparoscopy to permanently cure diseases like Piles, Fissure, FIstula, Hernia, Gallbladder, etc.

The startup Pristyn Care founded in 2018 by Harsimarbir Singh, Ex-Consultant Surgeons from Medanta, Max, Birla, and ex UrbanClap, Mobikwik Strategy & Business Head. Pristyn Care gets $4 million from Sequoia Capital India in a Series A round of funding.

22. WhiteHat Jr: AI-centric edtech Startup WhiteHat Jr is founded in 2018 by Karan Bajaj, a bestselling novelist and Discovery Networks India ex-CEO.

Startup WhiteHat Jr provides online Live 1:1 Online Coding Classes for Kids 6-14. WhiteHat Jr raised $11.3 million in 2 rounds of funding led by Nexus Venture Partners and Omidyar Network. WhiteHat Jr claim that their online live classes will improve logical thinking and creativity. It will help the student in the future world of AI and Robotics.

23. Bizongo: Bizongo is a B2B marketplace for packaging supplies and material handling industries, founded in 2015 by Aniket Deb, Ankit Tomar and Sachin Agrawal. Bizongo has raised a total of $40 million in 4 rounds from 5 investors including Chiratae Ventures, Accel, B Capital Group, IDG Ventures and International Finance Corporation.

Associations with over 750 Manufacturing Partners, the company claims that the 250 million packaging units delivered successfully till date.

24. Smartworks: Coworking and real estate startup Smartworks founded by Smartworks founded Harsh Binani and Neetish Sarda in 2016. Smartworks gives agile workspaces and a vibrant community that encourages productivity catering to enterprises and established start-ups.

Coworking startup Smartworks is serving more than 500 customers in 9 leading cities of India with 23 workplaces.  

25. Stanza Living: Stanza Living is a co-living platform that serves to students moving to a new place for study. A Delhi-based startup founded in 2017 by Anindya Dutta, Sandeep Dalmia. Stanza Living is operating with 20,000 beds in 10 cities in India.

Stanza Living has raised a total of $14.5 million in 4 rounds from 7 investors Accel, Sequoia Capital, Matrix Partners India, Alteria Capital, and Falcon Edge Capital.

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