Shikhar Mohan Sunday, March 22, 2020

PDGM-FS
037

Tech Start-ups in India across various

sectors

1. Practo (Healthcare)
With a mission to help humans live longer, Practo offers Asia’s largest doctor
search engine for India’s healthcare consumers, whereby the most suitable
doctors can be sought out and booked instantly. Practo also has a foot in the
SaaS industry, as its practice management software package Practo Ray is
available to doctors via subscription. By Feb 2015, Practo Search was being
used by over 1 million monthly users to book 120,000 appointments. After it
received $30M at its last funding round, Practo is valued at just below $200M.
The founders’ ambition to expand to 35 cities in India and 6-plus countries
internationally seems reasonable to us, given that Practo’s volume grew by
more than 10-fold between 2014 and 2015.

2. Ola Cabs (Transportation)

You may think Uber is causing a storm right now, but Ola Cabs is taking over
India as we speak. If you need a minicab in the India area, be sure to try Ola
Cabs out. They are currently competing with Uber, which says it all really! The
company is based in Bengaluru, Karnataka, India and was developed by ANI
Technologies Pvt. Ltd.
As of October 2019, Ola was valued at about $10 billion. A variety of venture
capitalists including Softbank have large stakes in the company.
Founded In: 2010
Offices In: Karnataka, Kormangala
Total Funding: $3.8 Billion
 3. Paytm ( E-commerce, Finance)
Another very successful startup. This startup is a payment service that allows
people to pay funds to each other. It is very similar to PayPal. While it’s not at
that level yet, it still seems to dominate all over India. Also, integrates the parts
of e-commerce where we can buy goods.

Founded In: 2010

Offices In: Noida, Utter Pradesh
Total Funding: $2.2 Billion

4. Quikr (Advertising)
Quikr helps its users buy and resell goods and services, as they can post free ads
on its online marketplace. Popular categories on India’s largest classifieds site
include “Bikes and Scooters” and “Kitchen Appliances.” Prior to boosting its
total funding to $350M in April 2015, Quikr launched the site- and app-friendly
QuikrNXT messaging feature that lets prospective buyers and sellers
communicate with each other without disclosing their phone numbers.
According to Quickr, it serves 30 million monthly users who are active in 1,000
Indian cities. With this kind of patronage, Quikr plan to launch a separate
property portal called quikrhomes.com is not surprising, and it may eventually
win the title of “Craigslist of India.”

5. FreshMenu (Consumer Services)

Fresh Menu is another delivery service. Food will be cooked and delivered to
you within minutes. The company was founded in 2014. In 2016, they saw 3x
growth when it came to orders. This company is a clear example of how to
grow.
Founded In: 2014
Offices In: Bengaluru, Karnataka
Total Funding: $24.2 Million

6. Flyrobe (Consumer Services)

This company allows you to rent designer clothing. This startup was founded in
2015. The idea was loved so much by investors that they have raised over 7
million since then. This has a huge potential market in India due to the fact that
India has a lot of festivities and Indians buy clothes which they seldom wear.
‍Founded In: 2015
Offices In: Mumbai, Maharashtra
Total Funding: $10.7 million

7. Myra (Healthcare)
Myra is an online pharmacy. Their selection of medicine can be delivered to
your home at a rapid rate. The company deals with over 1,000 transactions
daily. They are backed by big investors, and are making a lot of money at the
moment.

Founded In: 2015

Offices In: Gurugram
Total Funding: $7 Million

8. Cure.Fit (Healthcare & Well-being)

CureFit operates a platform to a healthy power lifestyle and holistic cure across
fitness, food, and mental well-being. The Company offers both digital and
offline experiences across fitness, nutrition, and psychological well-being
through its three products: cult.fit, eat.fit and mind.fit.

Founded In: 2016

Offices In: Bangalore, Karnataka
Total Funding: $174.6 Million

9. Dunzo (Consumer Services)

This famous Indian startup connects users to the nearest delivery partner who
can make purchases, pick up items from any store or restaurant in the city and
bring them to you all by just utilizing their app. They also offer a bike taxi
service as well.
Founded In: 2015
Offices In: Bengaluru, Delhi, Gurgaon, Pune, Chennai and Hyderabad
Total Funding: $29.6 Million

10. Shuttl (Transportation)

Shuttl is an app based transportation service for commuters. First launched in
2015 to improve India’s disorganized public transportation system by allowing
people to pre-book rides on affordable busses.

Founded In: 2015

Offices In: Gurgaon, Haryana
Total Funding: $48.8 Million

11. Digit Insurance (Financial Services)

At Digit Insurance, is a General Insurance company on a mission to make the
complicated insurance system transparent and straightforward for everyone
through their platform. They have insurance for Cars, Mobiles, Travel, and
Jewellery as well.
Founded In: 2016
Offices In: Bengaluru, Karnataka
Total Funding: $45 Million

12. Cleardekho (Optical and consumer services)

ClearDekho is India’s largest eyewear brand that provides eyewear for all
budgets. Their quality glasses come with various designs ranging from
prescription, sunglasses, reading glasses and even contact lenses.
Founded In: 2016
Offices In: Ghaziabad, Uttar Pradesh
Total Funding: $20 Million

13. The Minimalist (Consumer Consulting)

One of the most successful startups Minimalist is a design and consulting
agency that helps brands create their growth strategy, design, and
communication as well. They are most known for their unique minimalist
creative philosophy and viral impact in digital media.
Founded In: 2015
Offices In: Mumbai, Maharashtra
Total Funding: Not disclosed

14. Razorpay (Financial Services)

Razorpay is the only payments solution in India which allows businesses to
accept, process and disburse payments with its user-friendly product suite to all
companies from startups to large enterprises.
Founded In: 2013
Offices In: Bangalore, Karnataka
Total Funding: $31.7 Million
 15. Acko General Insurance (Financial Services)
Acko a digital insurance firm provides personalized policies based on user
behavior and offer great prices, extreme convenience, and stress-free claims.
This is a growing sector in India where people are increasingly buying
insurance online.
Founded In: 2017
Offices In: Mumbai, Maharashtra
Total Funding: $107 Million

16. InCred (Financial Services)

Incred is a financial service group that leverages technology and data science to
make lending quick and easy. The idea behind Incred is their belief that
traditional ways of lending exclude the most that need it most because of
outdated, rigid, and insufficient processes.
Founded In: 2016
Offices In: Mumbai, Maharashtra
Total Funding: $116.9 Million

17. Loan Frame (Financial Services)

One of the best Indian startups Loan Frame is a financial tech company that is
building the largest SME( small, medium-sized enterprises) in the lending
marketplace. By merging world-class processes from leading global banks with
deep Indian SME credit experience, data science and cutting edge proprietary
technologies, they are laser-focused on helping small businesses grow.
Founded In: 2015
Offices In: New Delhi, Delhi
Total Funding: $2.3 Million

18. Cowrks (Consumer Services)

CoWrks is a premium coworking solution provider for businesses of all sizes.
Built for startups, and Fortune 500s with beautiful, inspiring, and high-energy
work environment that will change the way they work forever.

Founded In: 2016

Offices In: Delhi, Mumbai, Bengaluru, Chennai, and Hyperabad
Total Funding: Not disclosed

19. Cars24 (Transportation, Rentals)

Cars24 makes selling a car an easy, fair and quick experience. This new startup
creates an efficient and reliable way for car owners to sell their used cars at the
Best Price
Founded In: 2015
Offices In: Gurgaon, Haryana
Total Funding: $61 Million

20.Yatra (Transportation, Rentals, Consumer Services)

Yatra.com’s one-stop-shop mission is to create “happy travelers,” so its users
can reserve rooms at over 22,000 hotels in India and over 500,000 hotels around
the world, and receive information, pricing, and availability to book domestic
and international air travel, holiday packages, and bus and railway reservations.
Yatra had raised $23M by the end of 2014, with backers including Norwest
Venture Partners and Intel Capital. Although the travel-booking segment in
India is crowded, this startup is exploring mobile to standout from the pack and
boasted 2M app downloads in mid-2015.
While the Yatra team have picked a difficult niche to get ahead in, they have
certainly made a good impression so far, with an investment from Bollywood
actor Salman Khan and 3 India Tourism Awards. We think it’s worth seeing if
they do indeed have what it takes.

21. NewsHunt (Media)

NewsHunt has developed a mobile application so that users can read
newspapers and eBooks in their regional language on their handset. Hindi,
Bengali, Punjabi, Gujarati, Marathi, Kannada, Malayalam, Tamil, Telugu, and
English are the currently supported languages. While the NewsHunt service is
fee-free, individual users need to pay the data costs from their mobile provider.
By the end of 2014, NewsHunt had raised $16.5M in series B funding. In mid-
2015, NewsHunt is host to 20M MAU and over 3B monthly page views.
In addition to expanding its language range, NewsHunt is also diversifying its
digital offerings and announced a partnership with Graphic India in June 2015
that adds comics to its content stable. Based on the success of comic titles at the
global box office, the future of NewsHunt will be interesting.

22. BigBasket (Consumer Services)

Grocery e-tailer BigBasket is India’s largest online food and grocery store,
selling more than 1,000 brands including an “Imported & Gourmet” range.
Residents of Bangalore, Mumbai, Hyderabad, Pune, Chennai, and Delhi can pay
online with plastic, or by cash/sodexo when the delivery arrives at their door.
The startup also sells grocery products under its own brand names Fresho,
Popular, and Royal. BigBasket’s 40,000 sq. ft warehouse will expand to 75,000
sq. ft by August 2015, and CEO Hari Menon revealed plans to launch in a
further 50 cities by mid-2016. BigBasket plans to grow revenue four-fold in the
2015–16 financial year, and Fresho, Popular, and Royal products—which
account for 35% of revenue—will be available in 1,800 grocery stores by the
end of 2015. BigBasket only launched in December 2011 and, with Indians
spending around $370B annually on food and groceries, the future is bright. BB
received $150 million in 2019 making it a Unicorn.

23. Zomato (Consumer Services)

Restaurant locator Zomato is already well-and-truly internationalized with a

presence in 20 countries, meaning that people from Adelaide, Australia, to Porto
Alegre, Brazil, can use the site to find local eateries, scan detailed menus, read
trusted foodie reviews, share restaurant experiences with friends, and even find
an establishment based on their mood at the time. As well as its global
expansion, Zomato has made a number of acquisitions, the latest of which was
Urbanspoon in June 2015. Post-Urbanspoon, Zomato is expecting to receive
80M monthly web visits, while its funding total of $163M includes backing
from Sequoia Capital. If the intensive, rapid growth has not impressed you by
now, Zomato’s 1M-plus listings, located in 10,000 cities in 22 countries, means
that the search startup is mentioned alongside names like Yelp and Foursquare.
We are keeping an eye on this one.

24. Ola (Consumer Services, Transportation)

Ola is India’s locally grown version of Uber, with a vehicle range that consists
of economy hatchbacks, sedans, and luxury cars. Popular models include the
Toyota Innova and Chevrolet Tavera taxi cabs. After booking a ride with the
Ola app, users can pay online or by cash on delivery. Even though Ola currently
serves over 100 cities, the startup raised $400M in its Series E round in April
2015 for even further expansion. The latest funding round was led by DST
Global, which values the company at $2.5B.
Ola has become more attractive to Indian customers after Uber-related incidents
continue to appear in the media—the latter is present in only 11 Indian cities—
and, with the 10-fold geographical expansion it achieved in the last year, the
transport app is likely to reach its 200-city target by the end of 2015. Recently,
Ola also launched a food on-demand service called Ola Cafe, and acquired
smaller rival TaxiForSure along with its 15,000 vehicles.

25. Delhivery (E-commerce, Logistics)

Delhivery has risen on the back of India’s ecommerce growth with a logistics
solution that consists of a suite of omni-channel services, analytics and data
services, and fulfillment and shipping. Since its humble beginnings in 2011,
Delhivery is now India’s largest fulfilment and logistics solutions company for
non-contact retail. After it raised $85M in Series D in May 2015, its total hit
$120M. The rise of the ecommerce, hyperlocal commerce, and C2C commerce
verticals in India needs its backend taken care of by an established logistics
company like Delhivery. This need is even greater due to the low level of
infrastructure that exists in the South Asian nation.

26. Cleartrip (Consumer Services, Transportation, Hospitality)

Cleartrip is another startup in the online travel space that is selling itself as the
simple solution. Customers can access the company’s selection of flights,
hotels, and trains on mobile and desktop solutions. Cleartrip has carved out the
largest market share in India mobile-wise, while turnover for the 2013–2014 FY
was $800M.
The startup’s last funding round was in 2012, as its success has meant that it is
not looking for funding. Cleartrip is projecting a growth rate of 45% for the
2014–2015 FY.

27. Instamojo’s (Financial Services)

Instamojo’s key selling point is its technology’s ability to collect payments with
a mere link. Its Instapay feature allows a payee to make payments with just an
Instamojo username. Instamojo does not have any upfront fees, but they charge
1.9% for every successful sale. The startup is backed and advised by major VC
firms like 500 Startups and Blume Ventures after launching in 2012.
Fintechs like Instamojo are in a comfortable space in India with the nation’s
burgeoning freelancer and ecommerce sectors, as well as broader P2P demands.

28. UrbanLadder (Consumer Services, Rentals)

Based in Bangalore, UrbanLadder’s “good quality, well-designed, competitively
priced and dependable furniture” has become a hit with urban middle-class
Indians. After the cofounders were unhappy with the prices and quality of
existing brands while setting up their own homes, they now produce more than
4,000 products in their online store, and deliver to 12 cities in India.
After raising $50M in Series C funding in April 2015, UrbanLadder’s total
since launching in mid-2012 reached $77M. Investors include Sequoia Capital
and Kalaari Capital. Ashish Goel and Rajiv Srivatsa believe that technology will
be the key driver for their startup’s growth and plan to use their Series C
funding to solve complex furniture ecommerce problems. Furthermore, their
presence will more than double by the end of 2015 with the addition of another
18 cities.

29. CarTrade (Advertisements, C2C)

CarTrade.com is an auto classifieds portal for buyers and sellers of new and
used vehicles in India. Users can filter their searches according to values like
basis price and kms driven, and a certifications are applied for high quality and
extended warranties. Buyers can directly communicate with sellers
independently. CarTrade raised $30.2M in a 2014 funding round led by
Warburg Pincus, which is also invested in Quikr. In Feb 2015, it further raised
an undisclosed amount from Chip Perry, the former chief executive of U.S. auto
classifieds site Auto Trader. We are keeping an eye on CarTrade because the
auto market in India is booming alongside the country’s overall consumer
growth. According to a recent report by Google India and Mahindra First
Choice Wheels Ltd, online searches for used cars rose 20-fold over the period
since 2008.

30. BookMyShow (E-commerce, Consumer Services)

Online ticketing platform BookMyShow provides caters to customers who want
to attend everything from movies to plays to sporting events. Customers can
purchase gift cards, receive offers based on bank patronage, and use the mobile
app to buy their tickets. After raising $25M in June 2014, the company has been
growing yearly at 70%, and operates in 2,500 of the 10,000 screens across
India. Having secured the ticketing rights to both the Indian Premier League and
the Twenty20 World Cup, BookMyShow is a force to contend with. With a
presence in the UAE and New Zealand, cofounder Rajesh Balpande says that
the startup will look at internationalization more seriously in the next period.