Leading Startups in Delhi, Scroll Down to unveil the unbelievable facts about The Top Startups!!

Delhi is the Capital of India and it is not only famous for having one of the best foods and architecture in India. But Delhi is also famous for many businesses and startups as well as Delhi has more than 7000 + registered startups and they also have many big companies such as TCS, Google, Adobe, Sap, Tata Power DDL, Amazon etc. which makes it one of the best place in India to start a business.

Delhi is one of the most vibrant and dynamic cities in India, with a thriving startup ecosystem. Here are some of the leading startups in Delhi that are making waves in various domains:

1. Lenskart

Lenskart is an Indian eyewear brand that was started in 2010 by Piyush Bansal, Amit Chaudhary and Sumeet Kapahi they have a valuation of $4.5 Billion. Peush Bansal has completed his graduation from MCGill University and master’s from IIM Bangalore for  Lenskart and has more than 2,000 Retail stores three three-fourths in India. Lneskart has a 90% share of the organized eyewear market and a 10% to 15% share of the total eyewear market. The top competitors of Lenskart are Clear Dekho, EyeMyEye, Eyewa, and Warby Parker. In the financial lenskart’s revenue from operation grew to 66% to 1,502 Crore, compared to 905 Crore in the previous year.

2. Zomato

Zomato is a Restaurant Aggregator and Indian food delivery platform started in 2008 by Deepinder Goyal and Pankaj Chadda. Deepinder Goyal has completed his graduation from IIT Delhi. Zomato is now valued at $12 Billion and it’s a public company listed on BSE through its IPO in 2021 Zomato is considered to have a market share of 54% in the food delivery space in india and its competition with its biggest competitor is Swiggy that has a market share of 45%. Zomato has worked with various celebrities such as Katrina Kaif, Hrithik Roshan, Allu Arjun and Ranveer Singh. Zomato has a monthly active users of around 32 Million and according to a survey Zomato is considered to be one of the popular food delivery platforms in India.

3. Inshorts

Inshorts was started in 2013 by Azhar Iqbal, Deepit Purkayastha and Arunay Arunav and they valued at $550 Mn Inshorts revenue from operation is grew 44.9% from 2021 to 2022, from $13.07 Mn to $18.94 Mn. In 2023, the company’s revenue from advertising grew 4.3% to Rs 147 Cr. The rest of the company’s income comes from support services. Inshorts competitors are Dailyhunt, Flipboard, Feedly and Deeptash and they have a market share of 19% in news aggregator platforms in india. Inshorts CEO and Co-founder has recently appeared in an Indian TV Show, Shark Tank Season 3.

4. Snapdeal

Snapdeal is an e-commerce platform started in 2010 by Kunal Bahl and Rohit Bansal. Snapdeal had a valuation of $6.5 Billion in 2016, a revenue of 388 Cr in FY23 and a 45% reduction in losses to Rs. 282 Cr. The company claims to have been profitable in the third quarter of the current fiscal year 23 and they are competitive with various platforms such as Amazon, Flipkart, Myntra, Ajio etc.

5. Chaayos

Chaayos was founded in 2012 by Nitin Saluja with his friend Ragha Verma it is a tea cafe chain based in New Delhi and they have expanded into more than 200 Cafes across various metro cities and they are planning to expand around 400 cafes in next few years Chaayos has a valuation of $250 Mn and they compete with various players such as Chai Thela, TPOT and MBA Chaiwala. Chaayos has an operating revenue of increase 77% to INR 239 Cr in FY 23 from INR135 Cr in FY22.

6. Shiprocket

Shiprocket is India’s best e-commerce shipping company founded in 2012 by Saahil Goel and Gautam Kapoor. It’s a platform where customers can upload orders in bulk from the best courier company, track orders, and get the delivery of their products faster at the lowest shipping rockets they have a valuation of $1.3 Billion and as of November 2023, Sprocket reported an operating revenue if INR 1,089 Cr for the financial year 2023 (FY23) as this 78% increase from the previous year revenue of INR 611 Cr.

7. Delhivery

Delhivery is an Indian logistics and supply chain company started in 2011 by Sahil Barun, Mohit Tandon, Bhavesh Manglani, Suraj Saharan and Kapil Bharathi. The company has over 85 fulfillment centers, 38 automated sort centers, 160 hubs, 7500 + partner centers, and 3,500+ direct delivery centers, as of 2021. About two-thirds of its revenue comes from providing third-party logistics and delivery services to e-commerce companies.

8. BoAt 

BoAt is an audio and electronic company founded in 2014 by Aman Gupta and Sameer Mehta. Aman Gupta has completed his Graduation from Indian School of Business (ISB) and he also has a CA by profession and has work experience in various companies. Boat is considered to be one of the most successful bootstrapped successes of India and they have a market share of 25% in the India wearable market. BoAt recorded a total revenue of $500 Mn in FY23 The company faced a loss of 129 Cr. despite being profitable for 8 years. Aman gupta is also famous as he is the Judge of famous TV show that is Shark tank India season 1, 2 and 3.

9. Bharat Pe

Bharat Pe is an Indian Fintech company founded in 2018 by Ashneer Grover and Shashvant Nakrani this fintech company aims to make financial inclusion a reality for Indian merchants. Nakarni who was 19 at the time, co-founded the company while he was in his third year at IIT – Delhi as they have a valuation of $2.9 Billion. Bharat Pe has a market share of 8% monthly market share in person-to-merchant (P2M) Payments in 2021 and in October 2023 it became EBITDA positive and reported annual revenue of 1500 Cr they also compete with various players such as Paytm, Phone Pe, and Google Pay and Mobikwik.

10. Bira 91

Bira 91 is a premium Beer company started in 2015 by Ankur Jain. Bira 91 is a craft beer brand. Bira 91 was launched as an alternative to imported beers, with contemporary packaging. The name BIRA is a north Indian term for “Brother” or “friend” that sounds similar to the Italian word for “beer”. The 91 in the name presents India’s country code. The Brand’s mascot is a monkey, and the reverse B in its logo represents a spirit of irrelevance they stand at a valuation of $540 Mn and its competitors with various market share of 5%-7% across key regions such as Delhi, Mumbai, and Bangalore and it’s aggressively expanding in various parts of India and the company aims to become India’s first net-zero beer company in 2025.

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Wrapping up

There are many more startups as well such as Collegedunia, Cars24, Udaan, Blinkit, Revfin, Pragcap, Holisol logistics, Convosight, Synapsica, Winzo, MyMoneyMantra, Get My Parking, Chqbook, Ecom Express, Stanza living etc and various celebrity such as Virat Kohli, as well and Delhi also has many big MNCs such as Genpact, Oracle India, ATC India, Bank of America, Wipro, Ranbaxy, Kirloskar brothers as well that clearly shows Delhi has a high potential to become the next IT hub of India.

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