India's Best Valued Startups for 2021
In India, there are numerous new startups that might or might not succeed each year. Every new business strives to offer something fresh or create an absolutely unique service or product that will draw clients. Because there is so much competition, the product needs to be unique in order to succeed. The team needs to be enthusiastic about their work, have faith in the final product, and instill that belief in the others. The investors would only agree to contribute money to this project after they successfully persuaded them to do so. In India’s tech landscape, not all startups are successful or rise to the top, but some do undoubtedly stand out.
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Amol Malviya, Vaibhav Gupta, and Sujeet Kumar, three former Flipkart employees, founded this successful startup company in India in 2016. Its goal is to enable all small-scale markets in villages, small towns, and remote areas to sell their goods online. It attracts attention as a well-liked Business to Business (B2B) model that divides its services into the food, non-food, and pharmaceutical industries.
In a nation like India, the tourism and travel industries are extremely competitive, and staying at the top isn’t always simple. One such startup in the travel industry is Yatra.com, which was established in 2006 by Druv Shringi, Manish Aman, and Sabina Chopra. This business offers a wide range of services including homestays, end-to-end cabs, tour packages, and cruises in addition to booking hotels and flights. One of the most popular domestic websites that provide cheap travel options for both business and leisure travelers is the company.
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In the current year 2021, Ola, which was founded in 2010 by two IIT Bombay graduates named Bhavish Aggarwal and Ankit Bhatia, will surpass all other taxi-hailing services in India. Together with cab drivers, some technology, and the demand for transportation services, they put the pieces of this new business together. They have since expanded their service to include auto and two-wheeler services, increasing their net worth. Similar businesses like Uber and Meru continue to face competition from this successful startup.
Education technology One of the biggest and most prosperous startups in the current year is Byju. They are renowned for prioritizing education over technology and employing innovative teaching strategies that improve student learning. This startup was founded in 2015, and since then, the business has only gotten better. Byju’s value increased quickly as a result of its recent acquisitions of the coaching services business Aakash and the coding startup WhiteHatJr. The company’s value is rising rapidly as a result of the current pandemic’s shift toward online education.
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It is grown to become one of India’s most valuable startups and the most widely used method of digital payment. Vijay Shekhar Sharma introduced it in 2010, and since then it has grown to be the most widely used application for online bill payment and mobile recharging. Almost all of India’s major cities have succeeded, and it is now spreading to the countryside.
Post-demonetization, “Paytm Karo” and “almost everyone in India” is the first two words that come to mind when shopping. Paytm has completely changed the payment method, which has caused a paradigm shift in the retail sector.
An MBA student named Richa Kar created an online lingerie platform in 2011 in a nation where such a subject was frowned upon. She broke the social taboo against talking about this subject because she wanted to give Indian women the same lingerie designs as women around the world. She undoubtedly had to overcome many challenges and obstacles during the early startup years, but she was able to steadily increase her market share by collaborating with different media outlets and using her inventive marketing techniques and provocative advertisements.
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