Top 10 innovative Indian Startups

India has reached the mark of 100 unicorns. Many new startups are entering the market, These startups stood at the peak of recognizing consumer demand and brought a change in their respective fields through continuous innovation and advancement in these companies.

Here is the list of the top 10 innovative Indian startups-

1. Zerodha – Stock Market

The founder of Zerodha is Nithin Kamath and Nikhil Kamath. The company was founded in the year 2010 and the valuation of the company is 2 billion dollars in 2021.

Zerodha is a stock brokerage company that offers stock brokerage facilities at discounted rates in different fields such as currencies, commodities trading, bonds, and mutual funds.

Zerodha has changed the outlook of Indians who are not aware of the stock market by providing a platform that has made the stock market easier to understand for them. Zerodha has put in constant effort by coming up with innovative ideas and different strategies which helped Zerodha in getting a unicorn title as well as it has put him on the list of profit-making startups in India. The main reason Zerodha has a client base of more than 1 million users it charges low brokerage on a transaction which was very high in other stock market broker companies and because of this many clients get attracted to use this platform.

2. India Mart – Business

The founder of India Mart is Dinesh Agarwal and Brijesh Agarwal. The company was founded in the year 1996. India Mart is an E-Commerce company that provides B2C and B2B  sales services through a web portal. It handles 97,000 product categories ranging from medical equipment, machine parts, textile products, etc.  It provides its services in thousands of towns and cities.

3.  OYO – Hotels

OYO Hotels & Homes founded by Ritesh Agarwal it was founded in the year 2012.OYO Hotels and homes is a full-fledged hotel chain that franchises and leases assets. OYO has 1 million rooms across 800 cities in 80 countries. The company’s investors include Airbnb, China lodging Group, Lightspeed India, Hero Enterprise, and SoftBank group.

OYO Rooms collaborated with well-known brands who work in the tourism sector such as Yatra, Airbnb, and EaseMyTrip to grow their customer reach. OYO has made hotel booking easier with continuous innovation and updating the portal with new features for their users so that they can use it easily.

4.  Nykaa – Fashion

Nykaa founded by Falguni Nayar it was founded in the year 2012. Nykaa is a fashion E-commerce platform and an online beauty store the valuation of the company is 1.2 billion dollars. The company fulfills 1.5 million orders every month it has more than 55 retail stores in India it has also started a new venture Nykaa Fashions which offers accessories and apparel.

5. CRED – Credit Card

CRED was founded by Kunal Shah in the year 2018, the platform is created for credit card users where you can pay credit card bills and as result, you get credit card points which are also known as “CRED Coins”. This startup is Banglore based and provides services like credit and a premium catalog of products to their users. This startup is valued at 2.2 billion dollars, and it has a customer base of 6 million which makes it the most valuable startup in the credit card business. This startup has understood customer needs in different ways such as incentivizing people to improve their financial decision.

6. redBus – Transport

redBus was founded by Phanindra Sama, Charan Padmaraju, and Sudhakar Pasupunuri in the year 2006. The platform is created for travelers who travel by bus it provides a ticket booking facility it has a customer base of 20 million users which makes it India’s most used application in the bus booking segment. redBus is continuously working on innovation and providing ease to their customer. In 2014 company won the award for ‘Global Mobile Innovation’ In travel award by Eyefortravel.

7. Delhivery – Supply Chain

Delhivery was founded by Sahil Barua, Mohit Tandon, BhaveshManglanj, Suraj Saharan, and Kapil Bharti in the year 2011. It is a supply chain management company which is specialized in transportation, freight, warehousing, and order fulfillment. The company has over 70 hubs, 7600+ partner centers, 85 fulfillment centers, and 3000+ direct delivery centers.

8. PharmEasy – Healthcare

PharmEasy was founded by Dharmil Sheth and Dhaval Shah in the year 2015. It is an online pharmacy company and medical store which is specialized in diagnostic tests, medical instruments, and OTC products. The target of the company is to reach 1,00,000 pharmacies in the next 12 months in the new geographical market of India.

9. Swiggy – Delivery Platform

Swiggy was founded by Sriharsha Majety and Nandan Reddy in the year 2014. It is the largest food delivery platform in India it is serving more than 40,000 restaurants and 27 cities. The company is always working to expand its business by providing not only food delivery services but also grocery delivery within 10 minutes. 

10. Paytm – Digital Payment & Financial Service

Paytm was founded by Vijay Shekhar Sharma in the year 2010. It is a digital payment and financial service-providing company. The company offers various services through a mobile application to the consumer and merchants to receive payments through payment gateway, QR code, bank-to-bank, and point of sale. The company offers financial services such as train booking, flight booking, insurance, personal loan, etc.