As Mumbai evolves into a thriving startup hub and retains its position as the financial center of the country, its every move is under constant observation. Over the past years, a multitude of Indian startups have emerged and gained immense recognition globally, with many tracing their roots back to Mumbai.
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This city has become a sought-after destination for ambitious entrepreneurs who are pursuing their startup dreams and venturing into the tech industry. In this discussion, we will delve deeper into the startups and companies that have reshaped Mumbai’s image, establishing it as a fertile ground for technological innovation and fostering a flourishing startup ecosystem.
20 Best Startups in Mumbai in 2024
Here, is the list of the Top 20 Startups in Mumbai in 2024
1. Justdial
Justdial, established in 1996 by VSS Mani, is renowned as the leading local search engine in India, offering search services across the country. Users can access information through SMS, mobile apps, the Internet, or by phone.
Initially launched with a modest investment of only Rs. 50,000 and a small team of six employees, Justdial has grown exponentially and now boasts a workforce of over 7,400 individuals. In 2007 and 2011, the company introduced its web-based and Android applications, respectively.
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The Android application, Search Plus, encompasses 28 integrated apps, allowing users to conveniently carry out various tasks such as supermarket shopping, flower delivery, cinema ticket booking, and online restaurant ordering, all within a single platform.
2. Acko
Acko, established in 2017 by Varun Dua, aims to revolutionize the process of purchasing and utilizing insurance, making it exceptionally simple. The company has successfully merged technology and insurance to create a streamlined experience.
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By leveraging technology, Acko has transformed the traditional lengthy insurance process into a quick and hassle-free one. Additionally, Acko has made insurance easily accessible by incorporating it into a digital platform that can be conveniently accessed through smartphones, aligning with the digital-first approach. With Acko, insurance becomes as accessible as your smartphone, fitting the substantial concept of insurance into the palm of your hand.
3. BOX8
Founded in 2012 by Anshul Gupta and Amit Raj, Box8 has emerged as one of Mumbai’s leading startups. Initially, Box8 started as a small kiosk in a business cafeteria, aiming to offer delicious Indian cuisine in convenient and deliverable boxes.
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Today, Box8 has expanded its operations to encompass more than 100 outlets throughout the country and serves over 22,000 meals each day. When customers visit Box8’s website or mobile app, they are prompted to select a delivery location.
Once the location is chosen, customers are presented with an extensive menu offering a wide range of options, including All-In-One Meals, Biryani, Wraps, Sandwiches, Salads, and Pizzas. After selecting their desired dish, customers place their order, and Box8 guarantees a delivery time of 28 minutes.
4. Quickr
Established in 2008 by Pranay Chulet, Quikr has become one of Mumbai’s most celebrated startups. Inspired by the success of the online classified advertising platform Craigslist during the dot-com boom in the United States, Chulet founded Quikr with the belief that a similar concept could thrive in India. However, initial investors were skeptical of the idea’s potential.
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Nevertheless, Quikr persevered, and over time, the market underwent a remarkable transformation. As one of the pioneering members of India’s startup industry, Quikr has achieved exponential growth and garnered significant success.
5. Purplle
Purplle, established in 2011 by Manish Taneja and Rahul Dash, is an Indian beauty retailer that offers a wide range of cosmetic and wellness products from various brands. Through its online store, Purplle provides customers with a convenient platform to explore and purchase cosmetics, fragrances, as well as skin and hair care items.
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With its ever-expanding collection, Purplle has gained popularity among consumers seeking beauty and wellness solutions. The company strives to elevate the shopping experience by creating an online space that showcases an extensive array of beauty brands and products
6. SUGAR Cosmetics
SUGAR Cosmetics is a makeup brand known for its cruelty-free products that combine style with exceptional performance. The brand draws inspiration from and targets confident, independent women who reject being confined to societal expectations.
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As one of the rapidly expanding beauty brands in India, SUGAR Cosmetics offers a comprehensive range of products for lips, eyes, face, and nails, catering to diverse skin tones. It was founded by Kaushik Mukherjee and Vineeta Singh. The brand’s popular items are manufactured in advanced facilities located in Germany, Italy, India, the USA, and Korea. SUGAR Cosmetics ships its best-selling products worldwide in categories including lips, eyes, face, and nails.
7. Toppr
Toppr is a prominent after-school learning app in India that is dedicated to delivering personalized learning experiences. The team at Toppr consists of highly passionate individuals, including engineers, educators, and designers, who continually strive for product innovation to enhance the user experience.
Toppr focuses on catering to the distinct learning styles of students and offers comprehensive coverage of the K12 syllabus, boasting a vast array of 1 million course combinations. The app assists students in preparing for various school, board, and competitive exams.
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Leveraging advanced technologies such as artificial intelligence, machine learning, and big data, Toppranalyzes student behavior and generates adaptive learning paths with endless possibilities. This approach ensures that each student benefits from a unique and personalized learning journey.
8. CoinDCX
CoinDCX, founded in 2018 by Neeraj Khandelwal and Sumit Gupta, is India’s leading cryptocurrency investment app. The exchange prioritizes user experience and security, offering a wide range of crypto-based financial products and services. CoinDCX has gained the trust of over 13 million users and currently lists more than 200 coins.
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Through their platform, they have addressed various challenges faced by the Indian crypto community, providing solutions for crypto investing, trading, and increasing crypto literacy. Additionally, CoinDCX implements robust security processes and offers insurance to enhance user protection.
9. Miko
Miko, established in 2015 by ChintanRaikar, Prashant Iyengar, and Sneh Vaswani, is a cutting-edge consumer robotics innovation lab dedicated to delivering top-notch technology to young learners worldwide.
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With a team comprising renowned educators, engineers, psychologists, and content developers, Miko revolutionizes the learning experience by leveraging state-of-the-art artificial intelligence, robotics, and the Internet of Things (IoT). The company embraces a global perspective and operates from offices situated in the thriving innovation hubs of Silicon Valley and Mumbai.
10. WorkIndia
In 2015, Ajay Kumar, Jatin Jakharia, Kshitij Nagvekar, Kunal Patil, Lokesh Tiwari, Moiz Arsiwala, Nilesh Dungarwal, and Soumil Rao founded WorkIndia. The company offers blue and gray-collar jobs in their portal.
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The Platform empowers the blue-collar workforce by offering employment opportunities such as Tele-calling professionals, housekeeping staff, and many more.
11. Bizongo
Bizongo, founded in 2015 by three IIT graduates, namely Aniket Deb, Sachin Agrawal, and Ankit Tomar, is India’s largest B2B platform specializing in customized product solutions. The company’s primary objective is to bring together and streamline the fragmented and unbranded yet diverse B2B sector focused on made-to-order goods.
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By concentrating on enhancing supply chains for unbranded products, Bizongo offers a range of services including vendor management, supply chain automation, and cash flow optimization through its exclusive digital platforms such as Procure Live, Artwork Flow, and Partner Hub. Through its digital services, Bizongo strives to empower businesses by reducing operational costs, facilitating cost savings, and simplifying contract management, especially in the face of rising commodity prices.
12. Mydentist
-In 2011, founded by Vikram and Parth. It is known as one of the largest dental clinics. The company was initiated by Vikram Vora in 2009, offering a comprehensive range of restorative and cosmetic dentistry services.
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With its clinics open from Monday to Saturday, from 9 am to 9 pm, My Dentist has gained significant popularity not only in Mumbai but also in cities like Pune, Surat, and Ahmedabad. The start-up boasts a team of over 550 dentists who provide reasonably priced services, contributing to its widespread success and recognition.
13. Snackible
Snackible, founded in 2015 by Aditya Sanghavi, offers a refreshing alternative to unhealthy, deep-fried snacks, and sugar-loaded treats. Instead of indulging in those, Snackible provides a solution for your sudden mid-meal cravings. Whether you’re in a meeting, enjoying your favorite TV shows, or studying for an exam, Snackible offers tasty snacks that not only satiate your hunger but also consider your waistline.
With a deep understanding of Indian tastebuds, Snackible offers a variety of snacks that are both delicious and healthy. It aims to provide satisfying options for impromptu hunger pangs, ensuring you can snack guilt-free while maintaining a balanced lifestyle.
14. Doormint
Doormint, a startup originating in Mumbai, initially emerged as a local consumer service provider that connects customers with on-demand utility services. Presently, the company offers a unified platform for both residential and business owners in Mumbai, enabling them to access a wide range of specialized services such as carpentry, electrical work, and plumbing.
To ensure customer safety, Doormint places great emphasis on thorough background checks and police verification procedures for all service providers before they are hired. This commitment to safety further enhances its attractiveness to customers. Doormint was founded in 2015 by Naman Lahoty, Abhinav Agarwal, and Piyush Ranjan.
15. UpGrad
upGrad, the leading ed-tech company in South Asia, provides over 100 courses in partnership with renowned global universities such as Duke Corporate Education (US), Michigan State University (US), Liverpool John Moores University (UK), Deakin Business School (Australia), Swiss School of Business Management (Geneva), IIT Madras (India), IIM Kozhikode (India), and many more.
Established in 2015, this prominent international ed-tech company has positively influenced the educational journeys of more than 1 million learners registered from over 50 countries worldwide.
16. Apna
Apna, established in 2019, adopts a technology-driven approach to harness the potential of communities and facilitate access to improved employment opportunities and entrepreneurship for millions of its users. It consists of over 60 communities tailored to skilled professionals such as carpenters, painters, field sales agents, and others.
The primary focus of the platform is to enhance its educational technology (ed-tech) platform for skill development by investing in exceptional talent acquisition and developing cutting-edge engineering and product capabilities.
Apna users enjoy several benefits, including access to local job opportunities, networking opportunities with peers, interview practice, showcasing achievements, and acquiring new skills. With more than 10 million users and over 100,000 employers on board, the platform has achieved significant growth.
17. Nykaa
Inaugurated in 2012 by Falguni Nayar, Nykaa initially emerged as an e-commerce platform specializing in beauty and wellness products. Over time, it has expanded its operations to include offline retail stores.
Presently, Nykaa follows a direct selling model, sourcing all its products directly from the brands themselves. It functions as an inventory-based retailer rather than a marketplace. Currently, Nykaa offers approximately 300,000 products from 1,500 different brands in its inventory.
18. TVF
TVF was founded by a group of IIT engineers in 2010. It is one of the most loved storytellers for youths.
It is currently owned by Contagious Online Media Network Private Limited. The Channels also include The Timeliners, Girliyapa, and The Screen Patti.
19. ftcash
ftcash is one of the fastest-growing financial technology. The company’s primary aim is to empower micro-merchants, small businesses, retail chains, and home-based entrepreneurs with the help of mobile payments.
It is founded by Deepak Kothari, Sanjeev Chandak, and Vaibhav Lodha in 2015. The company vision is all payment methods including credit cards, debit cards, and mobile wallets come under a single channel.
20. Ola
In 2010, Bhavish Aggarwal and Ankit Bhati launched Ola, which serves more than 250 cities in India, Australia, New Zealand, and the UK. Ola is the largest mobility platform in India and one of the top ride-hailing companies in the world.
By connecting users to drivers and a variety of vehicles, including bikes, auto-rickshaws, metered taxis, and cabs, the Ola app provides mobility solutions. This enables ease and transparency for hundreds of millions of users and over 1.5 million driver partners.
Conclusion
Mumbai is the financial capital of India, the city has emerged as a thriving hub for startups in recent years. The dynamic ecosystem of the city provides a conducive environment for entrepreneurial ventures to flourish.
This was our selection of the Top 20 Best Startups in Mumbai in 2023. We hope this is useful to you. The order of this list is random.
Frequently Asked Questions (FAQs)
Which are the Top 20 Best Startups in Mumbai in 2024?
Justdial, Acko, BOX8, Quickr, Purplle, SUGAR Cosmetics, Toppr, CoinDCX, Miko, WorkIndia, Bizongo, Mydentist, Snackible, Doormint, UpGrad, Apna, Nykaa, TVF, Ola, and ftcash are the Top 20 Best Startups in Mumbai in 2024.
