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32 Startup Success Stories from India in 2022

Indiatech has assembled the top 32 Indian startups of 2022, also referred to as the post-pandemic era, that unlocked many digital aspects of the advancing future and innovative concepts that have motivated many to delve deeply into societal problems and develop a mindful concept for society.

The top 22 Successful Startups of 2022

The majority of startups and their innovative ideas emerged in the post-pandemic age, giving humanity relief from the monotonous. These great startups and their idea have garnered much praise for helping people get lazier (positively) and offering one-tap solutions.

The top 32 Successful Startups of 2022:

  • CRED
  • Skit.ai
  • GoDigit
  • Groww
  • Udaan
  • Postman
  • Slice
  • Practo
  • BoAt
  • LIVSPACE
  • Ather
  • Classplus
  • Apna
  • upGrad
  • GoMechanic
  • Licious
  • CityMall
  • Pine Labs
  • Rapido
  • Cashfree
  • MediBuddy
  • Plum
  • TradeX
  • Refyne
  • Quik.com
  • AarogyaAI
  • BiggBang Coworking
  • Glamplus
  • Rupifi
  • Tournafest
  • Mainstreet
  • Nestasia

1. Cred

Launch: 2018

Founders: Kunal Shah

Industry: Fintech

Estimated Valuation: $6.4 Billion

Cred, a Banglore-based Indian Fintech firm, is a reward-based credit card payments app that enables users to pay their rent and provides short-term credit lines.

The business's founder, Kunal Shah, describes Cred as a TrustTech company rather than a FinTech, with a drive to address trust issues in Indian society. He believes this dynamic, effective endeavor is the key to national economic progress.

Fact: More than 5.9 million customers have signed up for it, and it now handles more than 20% of all credit card bill payments in India.

Visit their website here (1).

2. Skit.ai

Launch: 2016

Founders: Sourabh Gupta and Akshay Deshraj

Industry: Artificial Intelligence

Estimated Valuation: $100 million

In 2016, Sourabh Gupta and Akshay Deshraj founded Skit.ai to streamline the interaction with call centers.

The future is voice-first, and we aim to empower customer service organizations worldwide with cutting-edge, distinctive, and cutting-edge voice technology or AI technology.

Fact: They use text-to-speech, speech-to-text, and paralinguistic models to provide tailored voice responses for various consumers.

Visit their website here (2).

3. GoDigit

Launch: 2017

Founders: Kamlesh Goyal

Industry: Insurance

Estimated Valuation: $4 Billion

GoDigit is a Fairfax-backed non-life insurance firm that began its journey as a technology-driven insurance company after receiving IRDA's approval for its insurance operation in 2017.

GoDigit or Digit Insurance's main goal was to simplify the insurance process by leveraging technology to conduct the entire insurance transaction in real time.

Fact: GoDigit breaks the conventional "claims are not good" philosophy by emphasizing that "claims are good," offering a simple insurance process, and letting users comprehend the intricate claims process.

Visit their website here (3).

4. Groww

Launch: 2018

Founders: Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal

Industry: Finance & Insurance

Estimated Valuation: $3 Billion

Millennials and first-time investors are the main demographics for the online investing platform Groww. Groww, which has its headquarters in Bangalore, enables investors to register a digital account and conduct online transactions for mutual funds and equities.

Along with educational material on investing and mutual fund portfolios for different aims and profiles, Groww also offers a mutual fund explorer information on previous performance and companies.

Fact: Groww does not offer advice and relies on users to select their portfolios based on the information at their disposal.

Visit their website here (4).

5. UDAAN

Launch: 2016

Founders: Amod Malviya, Sujeet Kumar & Vaibhav Gupta

Industry: B2B E-Commerce

Estimated Valuation: $3 Billion

UDAAN was established to utilize technology to change how trade is conducted in India. With activities in numerous categories, it is India's biggest business-to-business e-commerce platform.

It catalyzes 60 million MSMEs in India, including 15 million manufacturers, 30 million retailers, and 12 million institutional businesses, to operate transparently, easily, affordably, and nationally.

Fact: It serves as a one-stop shop for all b2b business needs, including those that are small, medium-sized, and large.

Visit their website here (5).

6. Postman

Launch: 2014

Founders: Abhinav Asthana, Ankit Sobti & Abhijit Kane

Industry: Fintech

Estimated Valuation: $5.6 Billion

Postman is an API platform for developing and utilizing APIs that streamlines collaboration to produce better APIs more quickly by simplifying each stage of the API lifecycle.

This endeavor was developed as a side project to address a particular issue and streamline the API testing procedure. With its three founders still in charge of the business, it is currently the top API platform in the world.

Fact: The Postman team predicts that an API-first world will be based on APIs in the future.

Visit their website here (6).

7. Slice

Launch: 2016

Founders: Rajan Bajaj

Industry: Fintech

Estimated Valuation: $1.5-1.8 Billion

India's top credit card rival for bill payment, cost management, and reward redemption is Sliceit or Slice Card, an Indian financial services firm headquartered in Bangalore.

With millennials in mind, it is a Ru-Pay-powered card that can be used for offline and online transactions.

Fact: Members can choose to pay their monthly payments in three equal installments without incurring any additional fees.

Visit their website here (7).

8. Practo

Launch: 2008

Founders: Shashank ND and Abhinav Lal

Industry: Healthtech

Estimated Valuation: $500 Million+

Offering a cost-effective cloud-based healthcare software as a service platform that delivers healthcare information services with high clinical value and usability, Practo is a trusted home for its users, offering them a healing touch.

A patient-focused, unbiased, and independent medical website with more than 100,000 doctor profiles allows patients to make confirmed appointments with the doctors specifically featured on Practo's website.

Fact: Practo now offers free medical and patient services, ensuring its customers can find the right routes to a healthy lifestyle.

Visit their website here (8).

9. BoAt

Launch: 2013

Founders: Sameer Ashok Mehta and Aman Gupta

Industry: Consumer Electronics

Estimated Valuation: $1.5-2 Billion

BoAt is a consumer electronics company that sells earbuds, travel chargers, stereo headphones, tough premium cables, and other hearing accessories.

The company has collaborated on brand partnerships with important sports teams like the Chennai Super Kings and Mumbai Indians. It has also co-branded its audio products with big music festivals like Sunburn Festival and other significant gatherings like the Lakme Fashion Week.

Fact: Imagine Marketing Services Pvt. Ltd. is the official name of BoAt.

Visit their website here (9).

10. LIVSPACE

Launch: 2014

Founders: Anuj Srivastava and Ramakant Sharma

Industry: Interior Design

Estimated Valuation: $1.2 Billion

A home interior and remodeling business called Livspace provides its services in Singapore and India. Anuj Srivastava, an IIT Kanpur graduate, and Ramakant Sharma, a former employee of Google and Myntra, launched it. We first put out our services in Bengaluru, New Delhi, and Mumbai under our first private label of modular kitchens and wardrobes.

After launching its platform to automate home design, it created four offline design showrooms with virtual reality setups in Bengaluru, Delhi, Gurugram, and Mumbai. An expansion to Hyderabad was also announced.

Fact: The American technology, business, and design journal Fast Company named it one of the most innovative firms in the world in 2017.

Visit their website here (10).

11. Ather Energy

Launch: 2013

Founders: Tarun Mehta , Swapnil Jain and Satish Dundur

Industry: Automotive

Estimated Valuation: $591 Million

The Ather 450X and Ather 450 Plus are two electric scooters produced by Ather Energy, an electric vehicle manufacturer with its headquarters in Bengaluru. Ather Energy has also built Ather Grid, a nationwide network of electric car charging stations.

Ather Energy's production facility in Hosur, Tamil Nadu, is where it first started operating. The new Ather Factory, currently present in 27 cities across 15 states, has an annual production capacity of 1,10,000 scooters and 1,20,000 battery packs.

Fact: The Ather 450X features a new 7" touchscreen dashboard with a color depth of 16M and a Snapdragon Quad Core processor, as well as 4G sim compatibility, WiFi, and Bluetooth connectivity.

Visit their website here (11).

12. Classplus

Launch: 2015

Founders: Mukul Rustagi

Industry: Edtech

Estimated Valuation: $600 Million

With over 50,000 teachers affiliated with the brand and a user base of over 70 million, Classplus is an application for coaching institutions that offers them a streamlined coaching administration system to help them expand and run their business more effectively.

It was created when Mukul Rustagi of IIT Roorkee and Bhaswat Agarwal, an alumnus of NSIT, first got together in 2007. At the time, they were both preparing for IIT-JEE coaching. When their coaching center closed ten months before the exam, they realized the need to support coaching centers with mobile technology to alleviate any potential pain points experienced by students and parents.

Fact: They hired 1,200+ teachers in the first few months thanks to their customer-first approach to the product.

Visit their website here (12).

13. Apna

Launch: 2019

Founders: Nirmit Parikh

Industry: Employment, Human Resources, Recruiting

Estimated Valuation: $1 Billion

To assist professionals in connecting with potential employers and finding jobs, Apna was created as a platform for professional networking and job searching.

In 21 months from the time of its founding and 15 months after it started full-scale operations, the Mumbai-based firm that served as its foundation became a unicorn. With the help of Nirmit Parikh, a former Apple executive, the company has amassed 16 million users, 150,000 employers, and on average, 18 million job interviews each month.

Fact: The clientele of the business includes well-known brands like Byju's, Swiggy, Toppr, Flipkart, WhitehatJr, Amazon, Unacademy, BigBasket, Licious, and others.

Visit their website here (13).

14. upGrad

Launch: 2015

Founders: Ronnie Screwvala, Mayank Kumar, Phalgun Kompalli, and Ravijot Chugh

Industry: Edtech

Estimated Valuation: $2.25 Billion

Providing data, technology, and management programs for college students, recent graduates looking for jobs, and working professionals, upGrad Education Pvt. Ltd. is an online higher education provider that enables its clients to perform to the best of their ability abilities.

Additionally, upGrad provides a learning environment with a whole ecosystem that includes one-on-one monitoring, peer-to-peer learning, industry networking, and professional career advice, assuring a holistic approach to getting the most out of the programs for students and teachers.

Fact: These initiatives were created with numerous universities, including IIIT-B, BITS Pilani, MICA, Cambridge Judge Business School, and many more.

Visit their website here (14).

15. GoMechanic

Launch: 2016

Founders: Kushal Karwa, Rishabh Karwa, Nitin Rana, and Amit Bhasin

Industry: Car Repair

Estimated Valuation: $320 Million

GoMechanic, a startup based in Gurugram, started as a modest auto repair shop. Still, the four founders managed to triple their company's revenue in a relatively short period by putting a strong emphasis on exceptional customer care and innovative marketing techniques.

They were dissatisfied with the exorbitant pricing and subpar customer service they had been seeing at neighborhood garages, which gave them the idea to found their own business and create this quick and convenient car repair service.

Fact: They provide free pick-up and delivery within a five-mile radius of their brick-and-mortar shop.

Visit their website here (15).

16. Licious

Launch: 2015

Founders: Vivek Gupta and Abhay Hanjura

Industry: Food & Beverage, E-Commerce

Estimated Valuation: $650 Million

As the first Indian unicorn firm from the D2C category and the 29th unicorn in the nation in 2021, Licious is a D2C direct-to-customer meat and seafood brand that joined the club in October 2021.

This Bengaluru-based company offers fresh non-vegetarian food online using a farm-to-fork business model. They control the entire back-end supply chain and the cold chain, and their app includes a separate recipe section that enables customers to prepare delectable dishes.

Fact: The typical Indian household eats between 2,000 and 3,000 different branded products, with meat being the lone exception because more than 95% of India's fresh and seafood business is unorganized.

Visit their website here (16).

17. CityMall

Launch: 2019

Founders: Angad Kikla, Naisheel Verdhan, Divij Goyal

Industry: Commerce

Estimated Valuation: $350 Million

CityMall, a Delhi-based business, has developed a mobile-first marketplace that enables users to buy and sell goods and services online. The company also established a community commerce platform where users living in small towns, towns, and villages can buy and sell goods like groceries, fresh food, and packaged food.

Its user-friendly platform, which has drawn users in with its simple interface and features like live chat, product ratings, and seller profiles, is a major factor in the company's success.

Fact: Users can buy and sell goods and services without creating a profile or account.

Visit their website here (17).

18. Pine Labs

Launch: 1998

Founders: Lokvir Kapoor, Rajul Garg, Tarun Upadhyay

Industry: Fintech

Estimated Valuation: $5-5.5 Billion

Pine Labs, a straightforward card-based payment and loyalty program, is currently an Indian merchant platform company that offers finance and last-mile retail transaction technologies to its client's customers and client's businesses.

The Pine Labs payments journey started in 2009 when the company entered the mainstream payments market and started offering merchants solutions by connecting to banks and other financial institutions using their brand-new Pine Labs PoS mechanism.

Fact: Pine Labs PoS systems are used by everyday merchants to boost profits while lowering expenses, complexity, and dangers.

Visit their website here (18).

19. Rapido

Launch: 2015

Founders: Aravind Sanka, Pavan Guntupalli, and SR Rishikesh

Industry: Transportation

Estimated Valuation: $800 Million

Rapido or Roppen Transportation Services Private Limited (formerly theKarrier) is an Indian logistics service provider with operations in over 100 cities nationwide. It is situated in Bengaluru.

Users of the Rapido app can book rides, and the rider (Captain) then arrives at the destination after paying a base cost of $15 plus $3 for each kilometer. Before using motorcycles, scooters, or e-bikes, captains must register through the Rapido-Captain app and be authenticated by supplying the necessary documents.

Fact: Captains need to notice that the vehicle cannot be older than 2010 while registering it on Rapido-Captain.

Visit their website here (19).

20. Cashfree

Launch: 2016

Founders: Akash Sinha and Reeju Dutta

Industry: Fintech

Estimated Valuation: $200 Million

In FY20, Cashfree, a full-stack payment system that supports Indian businesses in accepting and sending money, generated about INR 100 crores. It offers companies the quickest, smoothest method of collecting and distributing payments on a large scale.

For all business payment needs, including collections, disbursals, and verifications using UPI infrastructure, it offers solutions, including instant settlements on its payment gateways, recurring payments via subscriptions, and a UPI stack with 15+ ready-to-use interfaces.

Fact: With more than 30% of the payment processor market, Cashfree is in charge of the payment disbursals.

Visit their website here (20).

21. MediBuddy

Launch: 2016

Founders: Satish Kannan and Enbasekar Dinadayalane

Industry: Healthtech

Estimated Valuation: $167 Million

A healthcare startup called MediBuddy has created a mobile app that assists users in managing their health with features like medication tracking, appointment scheduling, doctor contact information, and more. MediBuddy was founded to make healthcare more accessible and affordable for everyone.

This mobile health platform aids the user and its family in maintaining good health by offering individualized health insights, reminders, and alerts to assist them in making better health decisions. It also allows the user to save and access the family's medical records from anywhere.

Fact: A helpful directory of hospitals and doctors in various locations is also included in MediBuddy.

Visit their website here (21).

22. Plum

Launch: 2013

Founders: Shankar Prasad

Industry: Retail, Skincare

Estimated Valuation: $100 Million

While traveling abroad, Shankar was astounded by the range and caliber of consumer brands offered, and he came up with the idea of a concept that combined science and sustainability for the nation's underdeveloped beauty market.

The majority of Plum's products were designed in Europe, but the Mumbai-based company was first founded in a London design studio. Plum is India's first 100% vegan beauty brand, claiming that its products use safe ingredients and natural extracts that are suitable for a range of skin concerns and types.

Fact: On their website, plumgoodness.com, Plum provides a free replacement policy with no questions asked.

Visit their website here (22).

23. TradeX

Founded: 2021

Headquarters: New Delhi, India

Company size: 1-10 employees

Industry: Fintech

Founders: Divij Goyal, Ankit Shrivastava

TradeX, an Indian startup based in New Delhi that was founded in 2021, operates in the fintech market by providing users with a market trading platform that uses predictions to assist users in making opinion-based trades where they can receive rewards for successful forecasts.

A group of nine investors supported the funding round and total investment, anticipating TradeX would play a major role and be a force to be reckoned with in the coming years.

Fact: TradeX allows for trading based on factors such as weather, politics, and economics.

Visit their website here (23).

24. Refyne

Founded: 2020

Headquarters: Bengaluru, India

Company size: 11-50 employees

Industry: Fintech

Founders: Apoorv Kumar, Chitresh Sharma

Refyne, an Indian startup founded in 2020 and based in Bengaluru, generates its money by providing a platform that allows employers to provide Earned Wage Access to their employees, which aids in stress reduction and financial literacy among individuals employed by Indian companies.

Refyne has demonstrated its value to investors, attracting financial support in funding rounds in 2020, 2021, and 2022, resulting in huge funding for the company's expansion.

Fact: Refyne has created a mobile-first Earned Wage Access (EWA) platform that permits businesses to provide their employees with real-time revenue at any time prior to when their monthly salary is scheduled.

Visit their website here (24).

25. Quik.com

Founded: 2022

Headquarters: Bengaluru, India

Company size: 1-10 employees

Industry: NFT domain, Web 3.0

Founders: Sahil Kohli

Quik.com, an Indian startup based in Bengaluru founded in 2022, is a global NFT domain P2P marketplace that provides top-level domains for hosting Web 3.0 decentralized websites, changing crypto wallet addresses, and connecting to metaverse assets.

The firm has released a mega-update that improves NFT domain capabilities and provides NFT domain owners and web 3.0 fans with a more sustainable and rapid endgame.

Fact: The company has earned significant praise and featured in major global publishing houses, and it is also a global competitor to Ethereum ENS.

Visit their website here (25).

26. AarogyaAI

Founded: 2019

Headquarters: New Delhi, India

Company size: 1-10 employees

Industry: Fintech

Founders: Avlokita Tiwari, Praapti Jayaswal

AarogyaAI is an Indian startup based in New Delhi that develops artificial intelligence-powered medical technologies to aid in the early detection and diagnosis of drug-resistant TB.

The organization works to improve patient care outcomes and gives them quick access to treatments. Additionally, the business has gotten assistance from investors and a great deal of audience acclaim.

Fact: Four investors contributed $855,500 to the company during the investment rounds.

Visit their website here (26).

27. BiggBang Coworking

Founded: 2022

Headquarters: Chandigarh, India

Company size: 11-50 employees

Industry: Office-estate

Founders: Saumil Kohli

With its table-turning features and connectivity solutions, BiggBang Coworking, an Indian startup founded in 2022 and based in Chandigarh, is a coworking space that offers premium features for coworkers. It draws local, national, and international coworkers and serves as the home to a diverse global workforce community.

The company has drawn the majority of freelancers, startups, corporations, and remote workers, which has increased the anticipated valuation for its customer-focused services.

Fact: The company launched a startup incubator program in Chandigarh in partnership with TimesNext.com and Indiatech.com to support entrepreneurs with angel financing, training, management skills, and mentoring.

Visit their website here (27).

28. Glamplus

Founded: 2020

Headquarters: Bengaluru, India

Company size: 11-50 employees

Industry: SaaS, Beauty

Founders: Divyanshu Singh

The 2020-founded Bengaluru-based Indian startup Glamplus is a SaaS platform that functions as a marketplace for beauty products for salons, giving customers access to things like billing, appointment monitoring, and other things they require for their jobs.

Since its founding, the company has undergone many investment rounds, the most recent of which took place in 2021 and 2022, and saw a total of nine investors commit to backing the venture.

Fact: The business was valued at 71.7 million rupees by the investors that backed it during the investment round.

Visit their website here (page 28).

29. Rupifi

Founded: 2020

Headquarters: Bengaluru, India

Company size: 11-50 employees

Industry: Fintech

Founders: Ankit Singh, Anubhav Jain, Jawaid Iqbal

Rupifi is a B2B fintech service that assists smaller businesses in acquiring finance by offering working capital and payment services in addition to loans. It is an Indian startup with a Bengaluru base formed in 2020.

The company has been actively generating capital for expansion and development, having completed eight investment rounds in less than two years while also attracting seventeen investors to its potential.

Fact: The company ultimately generated $30.8 million in revenue.

Visit their website here (29).

30. Tournafest

Founded: 2021

Headquarters: Jaipur, India

Company size: 11-50 employees

Industry: GameFi

Founders: Ayush Agarwal, Kaustubh Trivedi

For gamers looking to improve their abilities and participate in competitions in a motivating, safe, and enjoyable manner, Tournafest, an Indian startup with a Jaipur base, is the place to go.

Ayush Agarwal and Kaustubh Trivedi, founding members and 2021 graduates of IIT Roorkee, were assisted in conceptualizing and launching Tournafest by Utkarsh Yadav, Arun Jhajharia, and Shubham Bhardwaj.

Fact: The company and its platform are created for gamers and also by gamers.

Visit their website here (30).

31. Mainstreet

Founded: 2019

Headquarters: Mumbai, India

Company size: 11-50 employees

Industry: Fashion, B2C

Founders: Vedant Lamba

Mainstreet, a Mumbai-based Indian startup created in 2019, is a platform allowing consumers to purchase a wide range of premium clothing and accessories, including shoes, among other clothing items.

Since its inception, the company has gone through a single round of startup fundraising, in which it attracted investors, although the total amount of funding has not been published.

Fact: Eight investors have provided the company with funding since its inception.

Visit their website here (31).

32. Nestasia

Founded: 2018

Headquarters: Kolkata, India

Company size: 11-50 employees

Industry: B2C

Founders: Aditi Murarka, Anurag Agrawal

Nestasia is a 2018-founded Kolkata-based Indian firm that offers handcrafted goods and products worldwide, utilizing environmentally friendly practices in manufacturing and distribution.

Since its founding, the business has only received startup investment once, in December 2021, from six investors.

Fact: Aditi Murarka and Anurag Agrawal moved and decorated their houses in Singapore and Hong Kong regularly, and Murarka Agrawal's keen interest in online retail inspired her to find Nestasia.

Visit their website here (32).

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