Bangalore is one of the major centers in India for technology development. It is also referred to as “Silicon Valley of India” and “IT capital of India”. It has become the startup hub in recent times and it’s still growing large day by day. We at Startup Unfold brings you a list of top 10 successful startups emerged from Bangalore
Top 10 Successful Startups in Bangalore
Company Name: Flipkart
Founders: Sachin Bansal and Binny Bansal
Company Description: Flipkart is one of the most successful E-commerce companies from Bangalore and its name is known to almost every corner of the country now. It was initially started with online selling of books and in later years, it added many other products. In 2018, the US retail company Walmart acquired 82% of the stake in Flipkart. Further, it also acquired companies like Myntra, Jabong.com, PhonePe, Ekart. It also maintains several house brands such as Citron, Digiflip, etc. It mainly competes with the Amazon Indian subsidiary.
Company Name: Big Basket
Founders: Hari Menon, Abhinay Choudhari, VS Sudhakar, Vipul Parekh, VS Ramesh
Company Description: Big Basket is one of the largest online retail food and grocery platforms in India. It has recently got $150million funding from Mirae Asset-Naver Asia Growth Fund, owned by Alibaba group. It has almost 18000 products and more than 1000 various brands which are available for sale in almost all the major cities in the country now. Bloomskart Retail private limited, MORE is the subsidiaries companies of Bigbasket. As per the recent reports, this company is valued at more than $1 billion. In 2019, It also launched its new business which includes vending machines and milk subscriptions which are ready to scale up in the near future.
Company Name: Swiggy
Founders: Nandan Reddy and Sriharsha Majety
Company Description: Swiggy is one of the fastest-growing food ordering company based from Koramangala, Bangalore start-up hub. One of the best parts of the Swiggy business is that they started with no minimum order quantity. Further, the company got funding from 2 companies (Accel Partners and SAIF Partners) worth $2Million within 8 months from its establishment. As per the recent data, it’s growing at a rate of 15% quarter on quarter and it’s worth would be $30billions in 2020. The market share of Swiggy is around 35% among all the food ordering companies in India. The major competitors for Swiggy are Zomato and Food Panda.
Company Name: Zivame
Founders: Richa Kar
Company Description: Zivame is an online lingerie store with various styles designed for Indians. It has more than 5000 styles, 50brands, and 100 sizes at the most affordable prices. It’s spread across all over the country with more than 5 million visitors online and still growing. Further, the company also raised its first funding of $3million followed by $6million and $40 million in 2015. The company claims that its growth is more than 300% yearly. The major competitors of Zivame are Pretty Secrets, Clovia.
Company Name: Practo
Founded Year: 2007
Founders: Shashank ND and Abhinav Lal
Company Description: Practo is the fastest growing online software platform that connects both the patients and health care experts. It serves in more than 50 cities across various countries. With the Practo app, the patient can easily book the appointment with the doctor and can store the health records for future reference without any need for manual entry. The company got funding of more than $200million from various investors such as Tencent, Thrive Capital, Runnet, Matrix Partners, Recruit, Sequoia Capital, Yuri Milner, Altimeter, Sofina, and CapitalG. The major competitors of Practo are Lybrate, 1mg, HelpingDoc.
Company Name: Zerodha
Founded Year: 2010
Founders: Nithin Kamath, Nikhil Kamath, and Kailash Kamath
Company Description: Zerodha is the largest finance company which various services such as retail and institutional broking, currencies and commodities trading, mutual funds, and bonds. The company claims that it has debuted “discounting broking” model in India. Its products include kite, Console, Coin, Varsity, and Zerodha Commodities private limited is its subsidiary company. The aim of the founders is to bring 5 to 10 million new investors to the Indian Market. The major competitors of Zerodha are Upstox, SAS Online, IIFL, Angel Broking
Company Name: Zoom Car
Founders: Greg Moran, David Back
Sector: Car Rental
Company Description: Zoom Car is a self-drive car rental company headquartered in Bangalore. It operates with more than 9000 cars in 45 cities in India. The major investors of zoom cars are Mahindra&Mahindra, Sequoia Capital, Nokia Growth Partners, Funders Club, and Former Infosys CFO Mohandas Pai. Zoom Car faces competition from various companies such as Revv, Drivezy, MylesCars (backed by Carzonrent), Ola Drive-by (Ola Cabs), and other similar car rental companies.
Company Name: Ola
Founded Year: 2010
Founders: Bhavish Agarwal, Ankit Bhati
Company Description: Ola is a Bangalore based company developed by ANI Technologies Pvt Ltd which provides peer to peer ride-sharing services and food delivery. By end of October 2019, the company was valued at about $10billion. The venture capitalist “Soft Bank” has the largest stake in the company. In 2017, the Ola acquired food technology company “FoodPanda” and made its second acquisition in 2018 with Ridlr. Further, it has also funded a scooter rent startup, Vogo with about $100million.The major competitors of Ola include Uber, Grab, MERU cabs, Easy cabs.
Company Name: Money Tap
Founded Year: 2015
Founders: Anuj Kacker, Bala Parthasarathy, Kunal Varma
Company Description: Money Tap is India’s first App-based credit line which provides instant personal loans and credit cards to its customers. Based out of Bangalore It provides personal loans as low as Rs 3000 to a maximum of Rs 5,00,000 or depending upon eligibility with zero paper technology and instant approvals. The company mainly focuses on millions of middle-class people (Salaried and Self-employed professionals) in India. In 2020, Money Tap has secured Rs 500 crore from Aquiline Technology Growth, RTG Global, and Sequoia India. The major competitors of Money Tap include India Lends and Capital Float.
Company Name: Licious
Founders: Abhay Hanjura, Vivek Gupta
Company Description: Licious is a Bangalore based start-up that provides online delivery of fresh Meat at the doorstep of the customers. It operates in major cities in India including Bengaluru, Hyderabad, Delhi, Gurugram, Faridabad, Noida, Mumbai, Pune, Chennai, and Chandigarh. It operates on Farm to Fork Model. The company got funding from Singapore based Vertex Growth fund worth $30million in December 2019. The company works on the farm to fork model which means owning an entire back supply chain and the cold chain. The top 5 competitors include FreshToHome, EasyMeat, Zappfresh, Meatwale, and Meat Wale.