Bangalore is known to be the cradle of new-age startups. As we enter the new decade, many of these startups will grow to become unicorns in their own right.
While you must have heard names of unicorns like Cred, BYJU’S, and Swiggy which were have been the most successful startups out of Bangalore, there are plenty more you should look out for.
Great working opportunities. Growing startups tend to pay well based on your skill level, even when you are just a fresher. Given the modern organizational structure, they allow a more diverse working experience. Additionally, if you perform better, you get to be a part of the growth of a business - which has tons of advantages for your resume, skill tree, and quality of experience.
This blog post dives into some of the upcoming and most successful startups in Bangalore, which you can consider working at. We’ve collected the most updated data points on these startups for you.
This is the list of the top startups in Bangalore
- Digit Insurance
- Ather Energy
- Ola Electric
Fintech Startups in Bangalore
Btw we've a very detailed guide to all the Fintech Startups in India if you want to understand more about this market.
Founded in 2013 by Harshil Mathur and Shashank Kumar, Razorpay currently dominates the Indian digital payment space with a wide variety of products. It is now the most valued startup in India, after gaining a fresh investment of $375 million in a Series F round led by Lone Pine Capital and others.
Razorpay is a payment gateway solution and neo-banking platform. Small businesses and enterprises use it to accept and process payments, disburse salaries, and more. It offers a business banking suite (RazorpayX) and plans to become a full financial solutions company for businesses.
Fun fact: Over 42 startups, which have become unicorns in India till this year, 34 of them use Razorpay for their payment systems.
This startup enables eCommerce for independent businesses, retail owners, SMBs, and MSMEs with online stores and online payment solutions.
Founded as a fintech platform in 2012 by Akash Gehani, Sampad Swain, and Aditya Sengupta, it’s now digitizing small businesses with full-stack eCommerce services. They have raised a total of $15 million over 8 funding rounds.
Instamojo currently supports 15+ lakhs Indian independent businesses, and they aim to empower small businesses to become DTC brands. Since the launch of their eCommerce service in Feb 2021, they have onboarded over 2 lakh subscriptions. Their eCommerce platform offers merchants tools to build online stores/websites, along with digital payments, logistics, instant payouts, credit, and more.
Groww was founded in 2016, by Harsh Jain, Ishan Bansal, Lalit Keshre, and Neeraj Singh. It is one of India’s fastest-growing investment platforms. People use it to invest in stocks, IPOs, FDs, US stocks, mutual funds, and more.
It boasts a registered user base of 20 million+ users, who can also find educational guides on finance and investing through the platform. Groww claims to be one of the largest mutual fund distributors in India, which has registered more than 2.5 lakh SIPs every month.
Groww has become a unicorn in just 5 years since its founding and has raised a total of $142,262,674 over 6 funding rounds. Its current valuation stands at $1 Billion. They have over 16 investors, including popular names like YCombinator and Sequoia. In April 2021, it had raised $83 million in its massive series D funding round leading them to enter the $1B valuation club.
One of the most iconic brands in fintech, Cred was founded by Kunal Shah in 2018. It is a credit card payment platform that rewards its users for paying their credit card bills on time. CRED gives its users access to exclusive rewards and experiences from premium brands when they clear their card bills on CRED. It is a members-only platform, with a standing user base of $7.5 M+ members.
Until January this year, Cred was valued at $800 million. It became a unicorn valued at $2.2 billion after raising $215 million in April from Falcon Edge and Coatue Management. It is currently valued at $4.4 billion after raising a whopping $251 million investment in Series E funding rounds in October 2021.
CRED has expanded its portfolio of services. Now even rent payments and personal loan payments can be done using Cred’s platform. In the D2C space, it has about 400 brands on its waitlist to get onboarded on CRED Store’s platform. About 20-30% of all credit card bill payments in India are happening through the platform.
Zerodha is an online brokerage platform, which is catalyzing the online investing industry in India. Founded by brothers Nithin and Nikhil Kamath in 2010, this decade-old startup became a unicorn in 2020. It is a member of stock exchange bodies like NSE, BSE, and MCX.
This is India’s largest retail stockbroker, which is contributing to more than 15% of daily retail volumes across all Indian stock exchanges. Zerodha has four products, which offer various brokerage-free services like equity investment, trading currencies, derivatives, commodities, mutual funds, and bonds. It also develops research tools to analyze market data and trends.
Zerodha products include:
- Kite - This app lets you search, invest, and trade across 90000+ stocks, bonds, derivatives, and more. It gives you insightful dashboards of real-time stock data.
- Coin - A platform that lets you buy mutual funds online, commission-free, and they get delivered straight into your Demat account.
- Console - A dashboard for your Zerodha account, which gives you deeper analysis and insights into your trades and investments.
- Varsity - An app that educates users with stock market lessons. The bite-sized lessons can enable anyone to learn on the go and apply them in their daily trading.
This insurance tech startup was founded in 2016 and has already become one of the top unicorns, currently valued at $3.5 B before its August funding round raising Rs. 1.2 B. It also had a recent Rs. 5 Crore investment from RS Filmcraft.
Founded by Kamesh Goyal, Digit Insurance aims to make insurance simple for everyone. It enables customers to buy insurance policies online for their health, motor, travel, and property with a wide array of options and niche segments.
Motor insurance and commercial fire insurance are some of the biggest earners for Digit. While since 2020, they are amping up the sales of health and travel insurance cover.
It has raised a total of $460.8 M over 7 funding rounds, with 4 lead investors, and it now ranks among the most valued insurtech ventures in South Asia.
Food-tech and Delivery startups in Bangalore
This brand hardly needs any introduction. This food delivery startup was founded in 2014, by Nandan Reddy, Rahul Jaimini, Sriharsha Majety, and it became a unicorn in December 2017.
Now valued at $5.5 B, this food-tech unicorn expects to grow to 500 million users in the next decade after announcing it has raised $1.25 B from Softbank Vision Fund.
Swiggy offers on-demand delivery of food from your local restaurants as its core service. It is currently expanding to the online grocery market with its Instamart, and on-demand package delivery (like Dunzo) services as well.
This hyper-local delivery startup has become a household name since its founding in 2015, by Dalvir Suri, Mukund Jha, Kabeer Biswas, and Ankur Aggarwal.
Currently operational in 8 cities, Dunzo has become an all-in-one delivery platform that picks and delivers almost anything for their customers within the city.
Their core services include delivery of packages, groceries, food, medicines, pet supplies, and more. It has recently launched Dunzo Daily, a fast grocery delivery service that delivers essentials to the customers in 19 minutes.
They have raised a total of $161 M over 15 rounds of funding, with the recent most Series E round raising $256 K from The Times Group in September 2021. In FY21, Dunzo is seeing a 1.6x growth in revenue after selling around INR 560 Cr in gross merchandise on its platform.
When it was founded in 2011, by Abhinay Choudhari, Hari Menon, Vipul Parekh, VS Ramesh and VS Sudhakar, BigBasket has become the largest e-grocery platform. In 2019, it had raised $150 million from Mirae, Alibaba, and CDC group which had propelled them to the $1 B valuation unicorn club.
It has now been acquired by Tata Group for $1.2 Billion, with a 65 percent stake in it, the acquisition concluded in Feb 2021.
BigBasket customers can order all kinds of groceries and household supplies, and get them delivered in their desired time slot. It is now also trying to provide express delivery to customers across 25 cities.
Transportation and ride-sharing startups in Bangalore
Yulu provides micro-mobility services using electric vehicles and bicycles in urban cities. Customers can download the Yulu app, unlock a Yulu vehicle with a QR scanner, and commute within city areas.
In 2017, Amit Gupta, Hemant Gupta, Naveen Dahuri, and RK Misra had founded Yulu with a vision to solve traffic congestion and air pollution in India, with human and battery-powered 2-wheelers. Yulu uses IoT, Cloud, and AI to create a widespread network of shared dockless vehicles which users can rent and pay for on a per-use basis.
It has raised a total of $19.9 Million so far, with the latest funding round being on Jun 22, 2020. Yulu currently has a fleet of 10,000 vehicles and over 1.6 million users. The cost of an average EV ride on Yulu Miracle costs Rs. 10 per kilometer.
Since its foundation in 2013, this startup has defined a category of its own in personal mobility and self-drive car rental services. Founded by David Back and Greg Moran, Zoomcar now operates in 45+ cities and with a fleet of over 10,000 cars catering to over 4.8 million users. It currently clocks more than 3000 daily rides.
Along with providing cars for rent on demand by the hour, day, week, or month, Zoomcar has also launched a peer2peer based marketplace for cars - where users can subscribe to the Zoomcar service and get rental cars delivered to them when they need.
In their efforts to expand their car-sharing marketplace to new countries, they’ve recently raised fresh funding of $92 million from SternAegis Ventures in November 2021. They have raised a total of $207 million to date, and are currently aiming to file for an IPO in 2022, along with a listing on the U.S. Exchange.
When the two IIT alumni - Aravind Sanka and Pavan Guntupalli -- along with a PESU alumnus -- SR Rishikesh founded this startup in 2015, it was called the Karrier. Now, this bike taxi platform has risen to operate in 100 cities, with over 15 million users.
Rapido provides an on-demand bike taxi service to solo travelers across India, from tier 1 to tier 3 cities. Customers can download the app, create an account and start booking. They’re expanding to help customers fetch auto-rickshaws and get parcel delivery services.
In total, Rapido has raised $130.3 M. And recently in August, they have raised capital of $52 in their latest round of funding from Shell Ventures, Yamaha, Kunal Shah, Amarjit Singh Batra, and Positive Moves Consulting. Its current valuation stands at $250 million after the recent funding round.
Edtech startups in Bangalore
Edtech startups are on rage right now in India. Our simple guide will help you understand India's growing Edtech scene better.
This Edtech giant hardly needs any introduction. This startup has seen tremendous growth since it got founded in 2011 by Byju Raveendran and Divya Gokulnath.
It stands at a valuation of $18 billion and has raised fresh funding of $300 million in October 2021. BYJU’S is aiming to go public, and reportedly it has approved an allotment of 77,174 shares priced at Rs. 285,072 per share. They have gone on to acquire 10 Edtech companies globally, including the likes of White Hat Jr, Osmo, and Aakash Educational Services Limited. and it currently stands as the biggest education company in the world.
Since 2015, BYJU’S has been offering personalized online learning programs for school students of classes 4 - 12. It has over 115 million registered students, and 6.5 million paid subscribers, with a renewal rate of 86%. It teaches students through various visual lessons and programs based on their proficiency level, speed, and style of learning. Students from about 1700 cities spent an average time of 71 minutes daily on the platform.
This e-learning startup has risen to prominence by providing educational material for competitive examinations online, in form of multi-lingual lessons. Initially, Unacademy was created in 2010 via a YouTube channel and officially launched in 2015 as an Edtech product by founders Gaurav Munjal, Hemesh Singh, Roman Saini, and Sachin Gupta.
It has undergone 12 rounds of funding, raising a total of $838.5 million, with the latest round held in August 2021 where it raised $440 million. Unacademy has gone on to acquire 11 organizations, with Swiflearn being its newest addition in November 2021. It stands at a $3.44B valuation.
It currently has over 40 exam categories on the platform giving lessons in 14 Indian languages, with over 62 million learners and 60000+ educators.
This online learning platform is defining its own category in the Edtech space, by offering live online tutoring to students for K-12 and online test preparations. They offer classes to students ranging from 3 years to 18 years of age, and competitive exam prep for IIT-JEE, NEET, Commerce, CBSE, ICSE, and state board exams.
Founded by Vamsi Krishna, Pulkit Jain, Anand Prakash, and Saurabh Saxena in 2011, this startup has recently turned into a unicorn after raising $100 M in its series E funding round in September 2021.
Vendatu team claims that the platform recorded a 400% growth over the last year, with the number of paying students reaching 2 lakh. According to their recent numbers, 1500+ Vedantu students have scored really high in JEE Advanced 2021, with 6 All-India rank holders.
Healthcare startups in Bangalore
This is the newest of the healthcare startups in Bangalore, with only a seed round to its name so far. Ravi Teja Akondi, Mayur Dhurpate, Rajesh Jagasia, and Dr. Jaideep Malhotra founded iMumz in 2019, and it won the AtmaNirbhar Bharat App Challenge the next year.
This platform offers actionable activities like mediation, music, yoga, baby boding exercises live from expert obstetricians, nutritionists, yoga practitioners, and mental health counselors. iMumz has garnered the support of 1000+ obstetricians on the platform, who give personalized tips to pregnant mothers. It has helped deliver over 1 lakh healthy babies.
The platform has built a chat engine and a streaming feature, which by now has hosted 160+ doctors after the COVID lockdown, and answered 50000 questions. They are also developing various programs for new mothers and fathers to aid the brain development and movement of their newborns. Along with this, iMumz will provide personalized health and wellness programs to expecting mothers.
iMumz raised its seed funding of $300,000 in January 2021. It currently has 200000+ members.
This startup, also known as Cult.fit, provides health, wellness, and fitness platform. It offers online and offline experiences to users ranging from nutrition, workouts, yoga, consultations, mental wellbeing, and personal training.
Now a Tata Digital-backed startup, Cure.Fit is co-founded by Mukesh Bansal and Ankit Nagori and officially started its operations in 2016. It has recently raised $145 M from Zomato in a Series F round of funding in November 2021 and is now valued at $1.5 B.
Its flagship platform - Cult.Fit - has 200 centers across India, with 5 lakh active subscribers for its online services. Cure.Fit has acquired 13 organizations so far, including Fitternity, California-based Onyx, TREAD, and the recent most OneFitPlus (in December 2021).
Practo is an all-in-one healthcare platform that brings doctors and patients together. It connects millions of patients with hundreds of thousands of healthcare professionals. Patients can book appointments with doctors, get online consultations, order medicines, and get their tests done.
Practo also makes digital solutions that help healthcare professionals, clinics, hospitals build their online presence and digitize their patient-facing operations.
Founded in 2008 by Abhinav Lal and Shashank ND, this startup began as a telehealth venture. Now, it has launched online consultations in 15 Indian languages. It is now foraying towards secondary care marketing and plans to provide surgery support to patients.
Till now, Practo has raised a total of $228.2 M over 7 rounds, with the latest investment seen in the Series D round in August 2020 - where the AIA group invested $32 million. Practo is available in 20+ countries, and has 30 Crore+ patients each year, and has 1L+ doctors as partners.
Automotive startups in Bangalore
This startup bears its origin in the vision to replace Internal Combustion Engine (ICE) with an electric drive. Founded by Tarun Mehta and Swapnil Jain in 2013, Ather has become the biggest name in India for electric vehicles.
It currently produces two products - Ather 340 and Ather 450, the latter being a more powerful variant. Ather 450 is powered by a 5 kW electric motor and can go to the top speed of 80 kmph.
In the beginning, IIT Madras had funded Ather Energy. In time, investors like Sachin and Binny Bansal, Tiger Global, and Hero MotoCorp joined in. Presently, it has raised a total of $102.2 M.
It has been seeing a 20% month-on-month sales growth since November 2020, and a 4x growth in vehicle booking. It’s witnessing a revenue growth of 126% - going from Rs. 35.5 crore in FY20 to Rs. 79.8 crore in FY21.
Formally called Ola Electric Mobility, this platform provides leasing of electric cars while collaborating with battery manufacturers, cities, driver-partners, and vehicle producers. It has recently begun producing and selling its very own EV products - Ola S1 and S1 Pro Scooters - with its first 100 units reaching on December 15, 2021, to buyers who had pre-booked scooters.
Ola Electric has raised a total of $660.2 M in funding since its founding in May 2017. Founders Anand Shah and Ankit Jain, and CEO had witnessed a record 1 lakh pre-bookings of the electric scooters, before beginning the production of the scooters in October 2021.
It currently stands at a valuation of $5 B as of December 2021, after it raised $200 million from investors in October 2021. Ola has revealed their S1 electric scooter sales have already crossed Rs. 1,100 crore in two days in September post the unveiling of the two products in August.
Agri-tech startups in Bangalore
This 2018-born startup is founded by Ananda Verma and Shailendra Tiwari, with the aim to provide a full-stack SaaS solution to horticulture farmers with data-driven insights, to help them grow more and grow better.
Fasal customers get an AI-powered IoT SaaS platform that collects data from on-farm sensors and uses scientific algorithms to give insights on crops, soil, weather, pests, and other parameters to farmers. The insights are given in vernacular languages on their mobile phones and laptops.
The platform is currently bringing a new range of services for market linkages for fruits and vegetables, and parametric crop insurance. The startup claims that it has helped in saving over 9 billion liters of water from irrigation, and reduced pesticide expenditure by over 60%.
Fasal has raised its $4 million as seed funding in its pre-series A round, which happened in November 2021.
This startup is working to solve the challenges in the fresh food supply chain, by providing logistic and supply chain support powered by analytics. They transport 1,400 tons of perishable fresh produce from farms directly to retailers and businesses every day, within 12 hours across 50 cities. Ninjacart has helped increase farmers’ incomes by 15 - 20%.
Ninjacart has raised fresh funding of $145 million from Walmart and Flipkart on December 13, 2021. Founded by Ashutosh Vikram, Kartheeswaran KK, Sharath Loganathan, Thirukumaran Nagarajan, and Vasudevan Chinnathambi in 2015, this startup has become the largest fresh produce supply chain in India.
They have raised a total of $348.7 million over 13 rounds of funding. With over 44000 farmer suppliers on its platform and 1200 warehouses, Ninjacart has grown to have a customer base of over 60,000 Kirana stores.
eCommerce Startups in Bangalore
This startup aims to make eCommerce accessible to everyone, with a vision to enable 100 million small businesses to succeed online, including solo founders and entrepreneurs of India.
We've a deep dive on Meesho's revenue model, which explains how the service works and how it earns revenue..
Founded by Vidit Atrey and Sanjeev Barnwal in 2016, Meesho has enabled over 15 million entrepreneurs to start their online businesses with zero investment. They provide supply, logistics, and payments infrastructure to anyone who wants to start their own venture.
By the numbers, they have delivered orders from over 100K registered suppliers to more than 5000 cities, and generated 500+ Crores in income for solo entrepreneurs in more than 4500 tier 2 cities. They have reported that 71% of their new customers in 2021 came from tier 3 towns.
To date, they have raised a total funding of $1.1 billion, and stand a valuation of $4.9 billion. Its recent most funding round raised $570 million in September 2021.
This is India’s largest b2b eCommerce platform, with product categories ranging from lifestyle, electronics, home & kitchen, staples, fruits and vegetables, FMCG, pharma, toys, and general merchandise. It brings manufacturers, traders, retailers, and wholesalers on a single platform.
Founded in 2016 by Amod Malviya, Sujeet Kumar, and Vibhav Gupta, this startup is empowering millions of small businesses to scale with eCommerce. Its current GMV (gross merchandise value) is now in the $4 billion - $5 billion range, with a total user base of over 3 million.
The platform enables supply chain and logistics operations with sound technology for these small businesses. They have clocked daily deliveries in over 900 cities through udaanExpress.
It also provides financial products and trade credit services to small businesses, retail buyers, and manufacturers through udaanCapital.
To date, Udaan has raised a total of $1.2 billion over 9 rounds of funding and is currently valued at $4.5 billion.