Top 10 Most Profitable Startups in India
If you’re looking for a startup to invest in, look no further than India. There are some great companies out there that have real potential and are making money. Here’s our list of the top 10 most profitable startups in India:
Ola
Ola is a ride-hailing startup in India. It was founded by Bhavish Aggarwal, Anirban Burman, and Aditya Naik in August 2011 and currently operates in over 100 cities across India. In 2017, Ola raised $1 billion from investors like SoftBank Group Corp., Tiger Global Management LP, and Tencent Holdings Ltd.
Ola has been named one of the most profitable startups in India by Forbes magazine. The company’s valuation reached $5 billion earlier this year after it raised about $400 million from China’s Didi Chuxing Technology Group Co Ltd (formerly known as Didi Kuaidi).
Flipkart
Flipkart was founded in 2007 by Sachin Bansal and Binny Bansal. It is the largest online retailer in India and has more than 20 million customers. In 2014, Google bought an equity stake in Flipkart for $1 billion, adding to its valuation of $15 billion at that time.
Zomato
Zomato is a restaurant search engine. It has been in business since 2010, and it claims to have more than 200 employees.
According to Zomato’s website, “We provide you all the information you need about restaurants nearby your current location on one simple platform so that you don’t have to visit multiple websites or call each restaurant individually.” The company also says that they have raised $200 million in funding from investors like Sequoia Capital and Matrix Partners India Advisors LLP (MPIA).
Quikr
Quikr is one of India’s most popular online classifieds marketplace. It was founded in 2005 by Anjani Sinha and Amit Singhal, who are now both entrepreneurs. Quikr has over 20 million registered users across India and abroad and it’s estimated to be worth $1 billion by 2021.
The company lets you buy or sell anything from cars, and apartments to electronics with their easy-to-use platform. You can also list your property for free on Quikr but if you want to start selling something like clothes or furniture then you will have to pay an introductory fee of Rs 50 per listing as well as a commission whenever someone buys something from your listing.
Paytm
Paytm is a mobile payments and commerce platform. It was founded in 2010, and it has over 300 million users. Paytm is the largest mobile commerce platform in India, with over 100 million transactions per day.
Lattice Semiconductor
Lattice Semiconductor is a publicly traded company that designs and manufactures semiconductors. The company was founded in 1987 by Stephen Ruddy and Mark D’Alba, who had been employed at Fairchild Semiconductor when they left to start their own business.
Lattice Semiconductor has a market cap of $1 billion, employs more than 4,000 people worldwide, and has offices across the globe including Silicon Valley (San Jose), Singapore, India, and other locations around the world such as San Diego (California), Dublin (Ireland) and Plano TX USA
Snapdeal
Snapdeal is an online retail platform that was founded in 2011. It is based out of Delhi, India, and has more than 200 million users on its website. Snapdeal’s e-commerce business has grown exponentially since its inception and now generates $1 billion in revenue per year.
Snapdeal was one of the first companies to offer smartphones at affordable prices, which helped it gain popularity quickly among Indian consumers. In fact, according to a study by eMarketer (an industry analyst), Snapdeal is one of the most popular e-commerce sites in India. Its market capitalization stands at $6.8 billion as of this writing–a testament to its success!
Housing.com
Housing.com is a real estate portal that was founded in India in 2011. It has its headquarters in Mumbai, and it’s a subsidiary of Tata Sons; it provides services to homebuyers and sellers. As of June 2018, Housing.com had over 20 million registered users across the country with 50% of them coming from tier-II towns and cities like Rajasthan, Madhya Pradesh, Uttar Pradesh (UP) & Bihar.[1]
The company has grown at an impressive rate since its inception–it went from an e-commerce website selling real estate listings to one offering a complete end-to-end service including home loan financing options for those who want to buy property without having any money saved up first.[2][3]
Freshdesk
Freshdesk, a customer support software company based in Bengaluru, India is one of the most profitable startups in India. The company has over 3 million customers and is currently publically traded on Nasdaq.
Freshdesk was founded by Kiran Jonnalagadda and Gopal Krishnan in 2007 with just the idea to create a better customer support platform for small businesses. The startup initially started with just two employees and has grown into one of India’s most successful startups ever since.
There are many startups out there that are making money and have real potential.
There are many startups out there that are making money and have real potential. Here’s a list of the 10 most profitable startups in India:
- Zomato is one of the largest food delivery apps in India, with over 35 million users on its platform. It also owns the restaurant review website Zomato Gold (the highest-paying restaurant review platform) and food delivery service Swiggy.
- Paytm has been one of the biggest success stories in recent years and has been valued at over $3 billion after raising $600 million from Alibaba Group founder Jack Ma this year.
- OlaCabs was founded by Bhavish Aggarwal who was an engineer at Google before starting his venture to provide taxi rides on demand through mobile apps like Uber or Lyft but it became popular as soon as it started operations in February 2014. The government prohibited Uber from operating taxis until 2016 when they allowed them again due to a lack of proper rules & regulations which led OlaCabs to go ahead with their plans despite being rejected initially by authorities since then they’ve become very popular among Indians living abroad too because they offer better rates than US companies like Lyft & Uber which means cheaper rides for travelers visiting different parts of the country, especially during weekends when traffic levels get congested due to festivals etcetera.
Conclusion
We’re sure you’ll agree that these are going to be profitable companies for years to come. Of course, none of them are perfect and there are a lot of challenges ahead of them (we know this firsthand), but if we can help one more person succeed with their business idea, then it was worth it!
