Often called the ‘Silicon Valley’ of India, Bangalore is one of the largest and most growing startup hubs in the world. Being the IT capital of India, the city has enormous leading technology startups.
The city is also known as the Information Technology (IT) hub as it has the third-largest number of tech startups in the world as of 2019. Most of the successful startups will have their origin in the city and the successful and well-known startups in other cities will have their operation and one of the offices in Bangalore.
Popular as well as emerging tech organizations will obviously have an eye for the city for its startup ecosystem as it is a favorable destination across the world. The city promotes modern organizational techniques/structure while rendering a contemporary progressive startup environment.
To list out top startups in Bangalore would be a tiring job since there is an ‘n’ number of successful startups in the city. Here, we provide you with the most updated data on startups in Bangalore along with their sector. Swim with us to see the ocean of startups in Bangalore.
- Ola electric
E-commerce startups in Bangalore
Flipkart is the largest e-commerce platform in India and it has been attracting a wave of investments over the years. It is a success model to look upon for any emerging e-commerce company. The tremendous success of Flipkart shows in the 39.5% of the market share that the company has owned in India’s e-commerce industry as of 2017.
Becoming a deca-corn company in India, as of 2018, the company has a value of around USD 20 billion and a revenue of USD 5.7 billion as of 2019. The company was founded by IIT Delhi alumni Sachin Bansal and Binny Bansal in 2007.
Myntra is one of the popular and renowned e-commerce platforms that concentrates mostly on branded products. It follows a B2B business model which has a revenue of Rs. 2,407 crores.
Myntra was acquired by Flipkart in 2014 for USD 330 million, which is considered to be the biggest deal in the Indian Online market space to date. The company was initially founded, to sell on-demand personalized gifts, by IIT alumni Mukesh Bansal, Ashutosh Lawania, and Vineet Saxena 2007.
Cred is the most popular credit card payment company that allows users to pay their credit card bills and also rewards users for paying credit card bills on time. When the users clear their credit card bills on CRED, this Fintech company gives exclusive rewards like coupons, offers, and discounts, and also allows them to access premium brands.
The unicorn company Cred has more than 7.5 million users and the company was valued at USD 4.4 billion as of 2021. The company was founded by Kunal Shah in 2018.
Razorpay is an Indian digital payment space that gives payment gateway solutions and is a neo-banking company. It is the most valued platform and is used by small businesses and enterprises to process and accept payments, disburse salaries, and so on. The company was founded by Harshil Mathur in 2013.
Food and Groceries Delivery Startups in Bangalore:
Dunzo is an all-in-one delivery platform that picks and delivers everything within the city. The company delivers almost everything like packages, food, groceries, pet supplies, medicines, and more. Dunzo operates in 8 cities and has launched a new platform called Dunzo Daily for the fast delivery of groceries to customers in 19 minutes. Dunzo was founded by Dalvir Suri, Mukund Jha, Kabeer Biswas, and Ankur Aggarwal in 2015.
A well-known company that is endorsed by millennials has become a unicorn in 2017. Swiggy does not need any introduction as it is a popular brand that delivers food from local restaurants to customers on demand. The company has a valuation of USD 5.5 billion and is expected to grow its user base by 500 million in the next decade. The company was founded by Nandan Reddy in 2014.
Transportation startups in Bangalore:
Having its operation in more than 45 cities, Zoomcars provides personal mobility and self-drive car rental services. The company has around 10,000 cars and 4.8 million users. 3,000 daily rides have been recorded currently. The company was founded by David Back and Greg Moran in 2013.
Rapido is a transportation technology startup that provides on-demand bike taxi services to solo commuters. The company operates in 100 cities and has over 15 million users. The company also expanded its services to auto and car rides. The current valuation of the company is USD 250 million. Rapido was founded by Aravind Sanka, Pavan Guntapalli, and SR Rishikesh in 2015.
Automobile Startups in Bangalore:
- Ola electric
Ather is India’s largest brand in providing electric vehicles. The main motto of the company is to replace the internal Combustion Engine (ICE) with an electric drive. The company now has two products that are Ather 340 and Ather 450. Ather has a revenue growth of 126% as of 2020. The company was founded by Tarun Mehta and Swanil Jain in 2013.
The company was initially founded to provide leasing of electric cars by collaborating with battery manufacturers, driver-partners, and vehicle producers. It now expanded to produce electric vehicles such as Ola S1 and S1 Pro Scooters. Ola Electric has a valuation of USD 5 billion as of 2021. The company was founded by Anand Shah and Ankit Jain in 2017.
Being one of the largest startup hubs in India, having higher working standards and modern methods of business, the IT capital of India has an extensive number of startups that have grown in less time. Bangalore has many unicorns as well as deca-corns companies like Flipkart, Cred, Swiggy, BigBasket, and BYJU’s.
The Silicon Valley of India established over 4,514 startups between April 2019 and December 2021 as per India’s Economic Survey Report 2021-22. Becoming the tech hub of India, after the inception of Make in India and special emphasis on startups given by the government, the city has become a major target location for many startups.