Top 20 Indian Startups: Bangalore & Mumbai Lead 2024

Discover India's top 20 startups reshaping industries with AI, fintech, edtech, and more. From ultra-fast grocery delivery to on-demand salaries—get inspired!

Arva Rangwala
Top 20 Indian Startups- Bangalore & Mumbai Lead 2024

Are you ready to dive into the hottest, most innovative startups that are setting the Indian business scene on fire? Buckle up, because I’m about to blow your mind with LinkedIn’s latest roundup of the top 20 Indian startups that are not just crushing it, but redefining entire industries!

Picture this: ultra-fast grocery delivery, AI-powered hiring, and even a platform that lets employees access their salary on-demand. Sounds like science fiction, right? Well, guess what – it’s happening right here, right now, in our very own backyard!

These aren’t your average startups, folks. We’re talking about companies that are growing at breakneck speeds, attracting top talent like moths to a flame, and making investors sit up and take notice. They’re the cream of the crop, carefully selected based on employee growth, jobseeker interest, engagement, and their ability to snag talent from the big leagues.

But here’s the kicker – these startups aren’t just about flashy numbers and big funding rounds. They’re on a mission to solve real problems, disrupt traditional industries, and quite literally shape the future of business in India.

From Mumbai to Bengaluru, from fintech to edtech, these 20 startups represent the best of Indian innovation and entrepreneurship. They’re young (no older than 5 years), they’re ambitious (with at least 50 full-time employees), and they’re 100% homegrown.

So, whether you’re looking for inspiration for your own startup journey, scouting for the next big investment opportunity, or simply curious about what’s cooking in India’s startup kitchen, you’re in for a treat. Get ready to meet the game-changers, the rule-breakers, and the future unicorns of India’s startup ecosystem.

Trust me, by the time you finish reading this list, you’ll be itching to either join one of these rockstar startups or start plotting your own disruptive venture. Let’s dive in and discover the 20 Indian startups that are set to take the business world by storm!

Let’s dive into these game-changing startups:

RankStartupHeadquartersFoundedIndustryKey InnovationFull-time Headcount
1ZeptoMumbai2021E-groceryUltra-fast grocery delivery2613
2SprintoBengaluru2019Tech ComplianceAutomated security compliance240
3LucidityBengaluru2021Cloud StorageSmart cloud data management78
4GrowthXPune2021Professional DevelopmentExclusive membership for founders and professionals50
5JarBengaluru2021FintechMicro-savings and investment app316
6WiingyBengaluru2021EdTech1:1 online tutoring platform55
7SourceBaeIndore2019HR TechAI-powered remote engineer hiring52
8BiofuelCirclePune2020Renewable EnergyBiomass and biofuel marketplace80
9SupersourcingIndore2020HR TechAI recruitment for software developers126
10Battery SmartGurugram2019Electric VehiclesEV battery-swapping network426
11Scrut AutomationBengaluru2021CybersecurityGovernance, risk, and compliance platform159
12MindPeersNew Delhi2020Mental HealthMental strength platform for individuals and companies52
13Oben ElectricBengaluru2020Electric VehiclesElectric motorcycle manufacturer200
14ConvinBengaluru2019AIGenerative AI for contact centers108*
15GIVABengaluru2019JewelryD2C premium jewelry brand537*
16TravClanNew Delhi2019Travel TechB2B travel platform225
17BijakGurugram2019AgriTechB2B agricultural commodities trading platform293*
18GoKwikNew Delhi2020E-commerceFull-stack solution for e-commerce growth350+
19Refyne IndiaBengaluru2021FintechEmployee financial wellness platform150
20PlumBengaluru2019InsurTechEmployee health and well-being benefits356

Key Insights and Trends:

  1. Bengaluru Dominance: 9 out of the 20 startups are headquartered in Bengaluru, reinforcing its status as India’s startup capital.
  2. Recent Foundations: The majority of these startups were founded between 2019 and 2021, showcasing rapid growth and innovation in a short time span.
  3. AI and Tech Focus: Many startups leverage artificial intelligence and cutting-edge technology to solve complex problems in their respective industries.
  4. Sustainability and Well-being: Several startups focus on renewable energy, electric vehicles, and mental health, indicating a growing emphasis on sustainability and well-being.
  5. B2B Solutions: A significant number of these startups offer B2B solutions, helping other businesses streamline operations and improve efficiency.
  6. Diverse Skill Sets: The most common skills across these startups include Third-Party Logistics, Lead Generation, Data Structures, and Customer Relationship Management.
  7. Job Opportunities: Software Engineer, Business Operations Manager, and Sales Executive are among the most common job titles across these startups.
  8. Functional Focus: Engineering, Sales, and Operations are the largest job functions in most of these startups.
  9. Rapid Growth: Zepto, the top-ranked startup, has already achieved unicorn status with a $3.6 billion valuation and plans for expansion.
  10. Industry Disruption: From Jar’s micro-savings platform to Battery Smart’s EV infrastructure, these startups are reshaping traditional industries.
  11. EdTech Innovation: Wiingy is revolutionizing online education with its network of over 1,000 tutors across 100+ subjects.
  12. Health and Wellness: MindPeers and Plum are addressing the growing need for mental health support and comprehensive employee benefits.
  13. AgriTech Advancement: Bijak is digitizing the agricultural supply chain, making it easier for businesses to discover and transact.
  14. Travel Industry Transformation: TravClan is providing end-to-end solutions for travel agents, adapting to the changing landscape of the travel industry.
  15. Retail Innovation: GIVA has expanded from an online silver jewelry platform to 100 physical stores, showcasing successful online-to-offline transition.

These 20 startups exemplify the vibrant and diverse nature of India’s startup ecosystem. They’re not just creating jobs and attracting investments; they’re solving real-world problems and paving the way for India’s technological and economic future. As these companies continue to grow and innovate, they’re likely to have a significant impact on their respective industries and the broader Indian economy.

Share This Article
Leave a comment