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As the Indian economy is growing, every sector is also booming and startups are one of them. Due to the growing economy, Indian startups also booming and reach new heights.
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There is multiple startups today them become safe sustainable and become one of the rich startup in India. In this article, we will see some rich startups in India and discuss them.
Here is the list of the Most Rich Startups in India
boAt
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boAt is a Haryana-based Indian Startup founded by Aman Gupta and Sameer Mehta. It is the world's 2nd largest wearable brand and India’s No.1 Audio brand.
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The company offers multiple types of products such as headphones, earphones, smart watches, speakers, travel chargers, and premium cables. The company assets are currently valued at approximately $10 Billion and increasing remarkable growth rate.
Paytm
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Paytm is a Delhi-based fintech startup that offers a wide range of services such as online payment services, financial services, and e-commerce. It was founded by Vijay Shekhar Sharma in 2010.
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The company has more than 20 million active users who accept Paytm as their payment mode. It is one of the top fintech companies in the world, with an estimated value of $16 Billion.
Meesho
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Banglore-based Meesho is a social commerce platform founded by Vidit Aatrey and Sanjeev Barnwal in 2015. The company helps small retail merchants connect and sell their products effectively via social media channels.
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The company's main aim is to provide an environment where anyone can start their business with zero investment. The company's current value is around $4.9 Billion.
Ola
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Ola is a Banglore-based cab-related services provider startup founded by Ankit Bhati and Bhavish Aggarwal in 2010. Its mobile application is where users can book cab services. Apart from cab services, it also offers bike rides, taxis, and local transportation.
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Ola has secured funding of approximately $3.8 Billion from several firms and investors in nearly all the major countries.
Udaan
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Udaan is an online marketplace founded by Amod Malviya, Vaibhav Gupta, and Sujeet Kumar in 2016. It specializes in manufacturing goods, trade professions, and wholesale channels in smaller towns.
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It brings traders, wholesalers, retailers, and manufacturers into one place. The company has secured $1.2 Billion in a few years.
PharmEasy
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Mumbai-based PharmEasy is an Indian-based healthcare industry founded by Dharmil Sheth in 2015. The company offers healthcare delivery services to consumers and healthcare industries for sample acquisitions and transport.
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It connects users with pharmacies and offers multiple types of services such as diagnostic tests and other tests. The company's current valuation is more than $651.5 Million.
CRED
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Bangalore-based CRED is an Indian startup company founded by Kunal Shah in 2018. The company offers credit card services to customers where they pay bills through an app and gives them benefits via credit coins and gems.
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Users can also redeem these coins in coffee shops, movie theatres, e-commerce sites, etc. The company has secured funding of approx $472.1 Million.
Cult.fit
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Banglore-based Cult. fit is a healthcare and fitness startup founded by Mukesh Bansal and Ankit Nagoriin in 2016. The Platform offers fitness-related services and personalized programs for individuals that help them maintain their bodies and health.
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The company has secured approximately $404.6 Million of investment from multiple investors and many companies such as Unilever and others.
Razorpay
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Bengaluru-based Razorpay is a fintech company that offers payment-related solutions. It helps individuals and companies to make online payments securely and efficiently. Apart from this it also offers other services such as automated NEFT, RTGS, and IMPS bank transfers, collecting recurring payments, and sharing invoices with customers.
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It was founded by Shashank Kumar and Harshil Mathur in 2014. The company has secured large investments from multiple investors. approximately $366.6 Million.
Digit Insurance
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Bengaluru-based Digit Insurance is a fintech startup that provides insurance-related services. It was founded by Kamesh Goyal in 2017. The company offers multiple types of services such as car insurance, travel insurance, home insurance, commercial vehicle insurance, shop insurance, etc.
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They also educate people by insurance policies and other related information. The company has a current value of $244.5 Million in the market.
Groww
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Banglore-based Groww is a stockbroking startup founded by Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh in 2016. It is the best mutual fund where users can invest their money without any hassles.
The company has secured the 250th rank worldwide just after four years of its startup. on Oct 24, the company has secured $251 million at a valuation of $3 billion. It also helps and manages personal finance services.
Dream11
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Dream11 is a Mumbai-based fantasy sports platform founded by Bhavit Sheth and Harsh Jain in 2007.
The company has 10+ crore users who play multiple types of games such as fantasy cricket, football, kabaddi, basketball, hockey, volleyball, handball, rugby & baseball. According to the 2021 reports its value is more than $8 billion.
Conclusion
The Indian Startup is growing day by day, and several startups are doing very well. Currently, India is the 3rd largest startup country. But the dynamic, market valuation, and position changed daily. All things depend on the market so lawyers check the latest updates, news, and financial reports.
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