Top 10 Startup Companies In Bengaluru

Banglore is considered to be one of the best cities to start a startup in India. It is the highest-ranked startup ecosystem in India and they have more than 7,000 startups, making it India’s leading startup hub.

This accounts for 20% of India’s total startup activity Bengaluru is also known as the “Silicon Valley of India” and the “IT capital of India” because it’s a leading exporter of information and technology and IT software and it is also called the home of many corporations, startups, and research institutions, including ISRO, Infosys, Wipro and they also have one of the biggest management institutes of India such as IIM Bangalore etc.

1. Flipkart 

Flipkart is an Indian e-commerce platform started in 2007 by ex-Amazon employees Sachin Bansal and Binny Bansal. they have a valuation of around $37.6 Billion and it is one of the most valued startups in India it competes with various online platforms such as Amazon, Myntra, and Meesho and Snapdeal.

They have a 48% Market share in Indian online sector and the remaining 52% are own by others players such as Amazon, Snapdeal, Meesho and Nykaa. Flipkart has worked with celebrities such as Alia Bhatt, Ranbir Kapoor, Aamir Khan, Shikhar Dhawan, Virat Kholi and even MS Dhoni.   

2. Swiggy

Swiggy is an India online food ordering and delivery platform. The startup was started in 2014 by Sriharsha Majety, Nandan Reddy, and Rahul Jamini.

Majety is an IIT Graduate and the current CEO of Swiggy they have a valuation of $8 Billion and they have a market share of  45% and its competition with its biggest competitor Zomato holds a market share of 54 % but Swiggy has a wider geographic reach than Zomato, with operation in over 200 Cities

 3. Zerodha

Zerodha is an Indian stock market investment app founded by Nikhil Kamath and Nitin Kamanth in 2010 both the founders of Zerodha are dropouts they have not studied at big universities unlike other startup founders and still they started this startup through Bootstrapping and yet there are one of the most profitable startups in India and they have a market share of 19% and the competition with their biggest funded competitor Groww as they both have same market share but Groww has more users than Zerodha. Groww has 6.63 Million active users whereas Zerodha has 6.48 Million users.

 4. Zepto

Zepto is an Indian Quick commerce startup founded in 2021 by Aadit Palicha and Kaivalya Vohra they offer 10-minute grocery delivery services.

They both are dropouts from Stanford University and they have a market valuation of around $1.4 Billion and a market share of 24% in the quick commerce space they compete with various platforms such as Swiggy Instamart, Blinkit, Tata’s BB and Dunzo as well and they worked with Indian pacer Jusprit Bumrah as their brand ambassador.

Zepto’s revenue from operation increased by 14.3 times to INR 140.75 Cr  in FY 22

5. Meesho

Meesho is an Indian e-commerce platform started in 2015 by Vidit Aatrey and Sanjeev Barnwal both have completed their graduation from IIT Delhi. The company’s main goal is to allow anyone to start their own business.

Meesho has worked with various celebrities such as Ranveer Singh, Deepika Padukone, Rohit Sharma, Kapil Sharma, Saurav Ganguly, and Pooja Hegde as well.

Meesho surged a losses narrowed by 48% to Rs 1,675Cr while operating revenue grew 77% to Rs 5,735 Cr

 6. Cred

Cred is an Indian founded by Kunal Shah in 2018. Cred is India’s first app that rewards users for paying their credit card bills on time. Kunal Shah is a dropout who has invested in more than 200 Startups and he has a net worth of 15,000 Cr he says that he takes a salary of 15,000 per month at Cred and that he can survive because he sold his company FreeCharge in the past Cred handles about 13% of the country’s credit card bill payments and they have also worked with various celebrities such as Karishma Kapoor, Jim Sarbh and even various cricketer as well such as Rahul Dravid, Ravi Shastri Cred operating revenue grew 3.5X to Rs 1,400.6 Cr. in FY23 from Rs 393.5 Cr. in FY22

 7. Razorpay

Razorpay is a processor that offers a range of payment solutions for businesses. It allows businesses to accept the process and disturbed digital payments. It was founded by Harshil Mathur and Shashank Kumar in 2013 and it’s used by 10 million users including Airtel, Meta, Lenskart, TCS, Swiggy, Ola and Zomato as well. Razorpay reported a net profit in FY 22 was 19% higher than the previous year at Rs. 7.37 crore and the company revenue from operations also increased by 76% from Rs. 841.2 Crore in FY 21 to Rs 1481 Crore in FY 22

 8. Byju’s

Byju’s is an Indian Ed-Tech platform that was started in 2011 by Byju’s Raveendran and Divya Gokulnath and as of 2024 Byju’s valuation has dropped from $22 Billion to $1 Billion by BlackRock company Raveendran is a former math tutor a started a coaching center and then they establish Byju one of the most valued ed-tech startups in the world but soon after the funding winter started in 2023 its valuation started declining and now stands at $1 billion which is not good news for the startup and Indian startup ecosystem as many investors such as Prosthus and Blackrock has started cutting down their valuation and there are many reasons for that some reasons are wrong Acquisition and harsh working condition and Financial issues and too much spending on marketing are the reason Byju’s is suffering.

9. Udaan

Udaan is a B2B e-commerce platform started in 2016 by former Flipkart executives Sujeet Kumar, Amod Malviya and Vaibhav Gupta they have a market valuation of $3 Billion and they are one of the fastest Indian tech startups to become a Unicorn in 2018 and they have a market share of 55-60% of the retailer led eB2B market it pirates in various categories such as Electronic, Lifestyle, FMCG, pharma, staples, fruits and vegetable, toys and general merchandise

10. Phone Pe

PhonePe is an Indian digital payment and financial service company it was founded in 2015 by Sameer Nigam, Rahul Chari and Burzin Engineer they have a valuation of $ 12 Billion and they have a market share of 48% in terms of transaction value in india and this makes them top app in the Unified Payment Interface (UPI) and as of 7 November 2023 Phone Pe has over 500 Million registered users it means that one in 3 Indians are using Phonepe.

They went live in August 2016 and a year later, Flipkart and its parent company Walmart acquired PhonePe.

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Wrapping Up

There was the top startup’s list in Bangalore. These startups can inspire many entrepreneurs to put efforts into dream converting reality. There are many cities of India as well such as Delhi, Mumbai, Kolkata and so on…. And many startups are Unicorn as well which makes India the world’s 3 largest startup ecosystem with more than 119 Unicorns

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