Top 10 Startup Companies in India

A startup company is a company that is in its initial business stages. Generally, startups are financed by their founders, angel investors, venture capitalists, crowdfunding and loans. They can belong to different sectors such as technology, fintech, green energy, pharmaceutical, food, etc.

A couple of months ago, LinkedIn released its seventh annual list for top startups in India. We have described each startup in the Linkedin’s list in our blog post.

Top 10 Indian Startups

The table below mentions the top 10 startups in India 2024, according to LinkedIn. Along with their names, their headquarters, sector and establishment year have been mentioned as well:

Source: Business Standard

Let’s find out details about these startup companies in India one by one:

1. Zepto

Zepto’s journey began in 2021. It was founded by Aadit Palicha and Kaivalya Vohra who were Stanford University dropouts. It is India’s fastest growing e-grocery company valued at over $1.4 billion. 

The startup company is headquartered in Mumbai, and has presence across 10 major cities, with over 1000+ employees. It delivers 5000+ products such as fresh fruits and veggies, cooking essentials, dairy products, health-and-hygiene products, etc., to Indian homes in as less as 10 minutes. 

2. Sprinto

Sprinto is one of the top 10 emerging startups companies in India. It was co-founded by Girish Redekar and Raghuveer Kancherla. Sprinto is a straightforward yet effective compliance automation tool that keeps an eye on cloud security controls to reduce entity-wide risks and guarantee total compliance. 

From program initiation and control monitoring to security audit completion, Sprinto handles every aspect of a security compliance program from a single location. With its extensive feature set that supports a broad range of preventative and defensive controls, the emerging startup Sprinto ensures that a compliance program is fulfilled.

3. Lucidity

Lucidity is a startup based in Bengaluru. It works on making cloud storage easier and cheaper for businesses. The startup was established in 2021 by Nitin Singh Bhadauria and Vatsal Rastogi. It creates tools which are helpful in managing and improving cloud storage systems. Lucidity has helped many businesses to avoid downtime, make apps run faster, and cut storage costs.

The startup is known for smart use of automation, which assists businesses in processing data faster and saving money. Big investors like Alpha Wave Global and Sequoia Capital have invested in Lucidity. The startup competes with other cloud storage companies such as Panzura and Wasabi.

4. GrowthX

GrowthX was founded by Udayan Walvekar, a dropout engineer. The startup is basically a community consisting of 3500+ ambitious founders and growth leaders. Members who are a part of this community get access to live and self-paced programmes related to product building, strategy, leadership and marketing. They also get access to monthly in-person events that are held in major cities of India. 

By joining GrowthX, individuals can seek help, get diverse perspectives from ambitious peers. However, to join this platform, an invitation from an existing member is required. Along with this, the membership fee has to be paid.

5. Jar

Jar is one of the best startups in India. It was founded in 2021 by Nishchay Babu Arkalgud Gowrishankar and Misbah Ashraf. The mission of Jar is to shatter psychological barriers to saving and investing and lead a financial fitness revolution in the country.

The startup platform helps its users to save up funds and invest in gold. It works by accumulating spare change from digital transactions. Additionally, the platform provides instant access to funds when needed by its users. But that’s not all, Jar also offers contextual health insurance options and helps safeguard the savings of users from crippling financial emergencies.

6. Wiingy

Wiingy is an educational toy and tutoring platform founded by Asit Biswal in 2021. It offers coding, robotics, and science kits and customized guidance sessions for kids aged between 6 to 15. 

The tutors at Wiingy platform teach various subjects, including academic subjects, language learning, music, coding and technology, test preparation, and business. Live lessons, learning materials, assistance with assignments and tests preparation are provided by the Wiingy tutors.

7. SourceBae

SourceBae is one of the top 10 emerging startups in India. It was founded by Shubham Kumar and Bindu Patidar. It offers a platform for connecting businesses with IT Agencies and Dedicated Remote Developers from around the world.

SourceBae offers hiring solutions that make the recruitment process faster. The startup uses advanced artificial intelligence for streamlining the hiring process, and meeting the needs of different companies. Because of the AI-powered system of this startup, a highly precise match is ensured. 

The startup helps the companies to connect with the best tech talents to match their requirements. It uses AI-enhanced techniques to provide deeper insights into candidates and a comprehensive assessment. As one of India’s leading HR Tech Startup, SourceBae has been endorsed by over 1,000 companies, incubators and accelerators. 

8. BiofuelCircle

BiofuelCircle Private Limited was founded in June 2020 by Suhas Baxi and Ashwin Savé. It is basically a Pune-based digital startup that aims to provide clean energy and economic value to communities in rural areas. The founding team of BiofuelCircle brings together a mix of domain and leadership skills, 

The company aims to create a stronger impact in biomass driven energy transition. It operates in 5 states across India, and has connected more than 1000 businesses with 20,000 farmers. It is headquartered in Pune and has regional offices in Noida, Chennai, Ahmedabad and Pune. It has a team of 55 people engaged in development of products, platform operations and customer support service.

BiofuelCircle won the NTPC startup challenge for Biomass Exchange and received the India Green Energy Award because of its unique model, supported by MNRE, MoRTH, and MoEFCC, Government of India. Many leading MNCs and Indian companies have trusted BiofuelCircle for its green fuel business.

9. Supersourcing

One of the best startups in India, Supersourcing was founded in 2020 by Mayank Pratap Singh and Aditi Chaurasia. It is an AI-driven recruitment platform that eliminates lengthy interview and CV screening processes and helps to save 90% time by hiring software engineers without any hassle.

Supersourcing’s smart vetting process helps businesses to get top developers profiles within 24 to 48 hours. Whether a business requires full-time, contract or project-based hires, the startup offers flexible solutions to meet their scaling needs. Starting from the onboarding process to the post-hire process, Supersourcing provides comprehensive support with real-time updated and dedicated account managers to make sure the hiring process takes place in a smooth manner. It is trusted by leading global enterprises and startups for critical tech hiring needs.

10. Battery Smart

Battery Smart is one of the top 10 startups in India, focused on electronic vehicles. It was established in 2019 by Pulkit Khurana and Siddharth Sikka. It simplifies EV adoption by making EVs economical and easily accessible in the country. 

The startup launched its first battery-swapping station in 2020 the month of June. Thereafter, it scaled rapidly to become India’s largest battery-swapping network for electric two and three-wheelers.

Battery Smart announced in June 2024 that it has raised $65 million in a Series B fundraising round led by the trailblazing profit-with-purpose company LeapFrog Investments. Both new and existing investors, including MUFG Bank, Panasonic, Ecosystem Integrity Fund, Blume Ventures, and British International Investment, participated in the equity round, which included a combination of primary and secondary investments. Elluminate Capital served as the funding transaction's only financial advisor. Battery Smart plans to use the startup funding to support its next stage of growth by introducing its battery-as-a-service solution to more Indian cities. 

Conclusion

In this blog post, we provided you with the list of top 10 startups in India, based on the report released by Linkedin. These startups belong to different sectors including renewable energy, artificial intelligence, food, edtech, etc. 

If you want to establish a startup company in India, you can reach out to our startup consultants at Registrationwala. 

Disclaimer: This blog post is for educational purposes only. Registrationwala shall not be responsible for any decisions taken based on the information provided in this blog post.

Author: Dushyant Sharma

Hey there, I'm Dushyant Sharma. With the extensive knowledge I've gained in past 8 years, I have been creating content on various subjects such as banking, insurance, telecom, and all the important registration and licensing processes for various companies. I'm here to help everyone with my expertise in these areas through my articles.