India, with a population of more than 1.3 billion innovative people, is a hotspot of startups. It is a country where more people are dreaming of their own business and brand, which gives emergence to innovative entrepreneurs in India. It’s high time for a startup in India as the government is also promoting the startup through a campaign like Startup India and Make in India.
Startups of India is gathering the attention of international investors. Investors from all over the world are investing in an Indian startup.
Here Is the List of the Highest Startup Business Funding In India.
1. One97 (Paytm)
One97 Communication owned Paytm, which is an e-commerce platform, which provides financial service, online shopping, and payment gateway. It is a payment gateway that offers many services under single roofs such as mobile recharge, transport ticket, movie ticket, electricity payment, and whatnot. It seems like a one-stop payment solution. It also operates the Paytm Mall, which provides online shopping. It sells products from men and women fashion to home products, grocery, electronics, and more.
On 25th Nov 2019, Paytm raised $1 billion in a funding round by US asset manager T Rowe Price along with existing shareholder Ant Financial and Softbank Vision Fund. After this round in Paytm financing, the total valuation of OCL stands at around $16 billion. This is the largest amount that is raised by an Indian startup in the year 2019.
2. OLA Cabs
OLA is an Indian ridesharing company founded in 2010. It is a ridesharing company which offers vehicle renting service. It allows the book for a wide range of vehicles like cars, auto, bike, and others. It has a single mobile app that provides us with facilities for booking, tracking, and safety in one place. Ola has also expanded his activities to other counties such as Australia, the UK, New Zealand, and serving more than 100 cities and towns in India.
OLA funding is aiming to raise $1 billion in the Series J round, which will bring its valuation to around $6 billion.
3. OYO Hotels & Homes
OYO, known as OYO Hotels & Homes, is a Gurgaon based company that started in 2013. It is an Indian hospitality chain of hotels, homes, and living spaces. It offers a wide range of stay experience across India and abroad in China, Nepal, Malaysia, the UK, Brazil, and more.
The investors of OYO are SoftBank Group, Airbnb, Lightspeed India, Sequoia India.
In October 2019, OYO raised $1.5 billion of funding in Series F led by SoftBank Group, Lightspeed Venture Partners, and Sequoia India. The company is currently valued at $10 billion, according to the last round of OYO funding.
Swiggy is India’s largest and most online food ordering and delivery platform. This Bengaluru based food tech unicorn is serving more than 100 cities of India since 2014.
In 2019, it expanded its business to general product deliveries, under the name of Swiggy Stores. It also launched an instant pick and drop service named as Swiggy Go. Swiggy Go provides pick up and drop off a diverse range of items, such as laundry, documents, or business-related parcel.
In 2017, this startup business funding received $80 million by Naspers. China-based Meituan-Dianping and Naspers in 2018 contribute $100 million into the Swiggy funding. After that, a string of investment took the total valuation of Swiggy to over $1 billion.
In 2020, Swiggy gets the other round of funding, which is around $43 million, which makes the value of Swiggy $3.6 billion in total.
5. Byju’s – The Learning App
Byjus’s – The Learning App is the common brand name for Think and Learn Private Ltd., founded in 2011. It is a Bangalore based ed-tech startup that provides distance education and m-learning. It offers a wide range of courses for all ages and preparation of competitive exams such as IIT-JEE, NEET, CAT, GRE, UPSC, and many more with study material as well as education counseling.
In 2020, with the investment of BOND, a global technology investment firm in the Byju’s funding makes its total valuation of $10.5 Billion.
6. BigBasket – Online Grocery Delivery
BigBasket is an online grocery delivery platform founded in 2011. The company delivers grocery goods found in departmental stores, home essentials, and food supplies to the customer. They provide to door facility for delivering a wide range of products like fruits, meat, vegetables, packaged foods, beverages, and personal care.
This 9-year-old startup attained unicorn status last year. BigBasket funding raised 150 million by Mirae Asset-Naver Asia Growth Fund and existing investors like Alibaba, which does the total valuation of BigBasket $1.2 billion.
Zomato is an India restaurant aggregator and food delivery platform funded in 2008, currently serving 24 countries and more than 10,000 cities. Zomato offers services like restaurant search, online delivery, table reservation & management, POS System, and subscription system. Amid the COVID-19 outbreak, Zomato also began grocery delivery.
In October 2018, Zomato funding raised $210 million from Alibaba’s payment affiliate Ant Financial. After this funding round, Zomato valued around $2 billion.
Udaan is an Indian B2B e-commerce startup based in Bangalore. It provides services to small and medium businesses in India to discover and connect with customers, suppliers, manufacturers. It brings traders, wholesalers, retailers, manufacturers on a single platform.
This startup business funding to date goes through four rounds. In its last funding round, Series D, it raised $585 million from Tencent, GGV Capital, and Hillhouse. It takes the total worth of Udaan around $2.8 billion.
Grofers is an Indian online grocery delivery platform founded in 2013. It has a mobile application service through which customers order groceries online. They are now operating in 29 cities in India. They offer low-priced products, including grocery, beauty and wellness, baby care, and more.
10. Policy Bazaar
Policy Bazaar is an Indian insurance aggregator and a global financial company that started in 2008. It allows users to compare financial services from major insurance companies like car insurance, health insurance, travel insurance, and all based on price and key benefits digitally by website and application.
In the F Series of Policy Bazaar funding, they raised $200 million in an investment round led by SoftBank Vision Fund. The current valuation of Policy Bazaar is around $1.5 billion.