The startup industry in India is growing faster than we could have imagined. They are now paving a new way for the future of India.
Some popular startups that caught the eyes of everyone in the past few years are Zomato, BYJUs, Nykaa, and more. These are living proof of the evolution of startups in India.
These startups have been able to provide solutions to many of our problems. Along with this, they have been able to make huge progress for themselves as well.
The startups in India are now generating a great amount of revenue and are able to increase in terms of their valuation.
The Startups Wave in India
The last two years have been full of ups and downs. The time has been mixed with old and new ideas. There were many businesses that could not cope well during the pandemic. On the other hand, many were able to reach their prime time.
Indian startup industry has grown in the past two years like never before. Startups like BYJU, Zomato, Nykaa, and more made India proud by entering the unicorn club.
Thanks to technology, continuous innovations, and passion for entrepreneurship, India is now the third-largest home for unicorn startups in the world.
Revenue of Top Indian Startups
Revenue of Top Indian Startups
Startups in India are able to secure a strong foot in India now. They have become the most potential eye-catchers for investors. With great funding at proper times, startups have been able to progress at a faster pace.
They are able to generate more revenue and make their valuations go up and onwards.
Here are some of the top Indian startups and their revenue:
Nykaa
Revenue: INR 1,098.4 Crores in Q3 of FY 2022
It is an Indian e-commerce platform launched in the year 2012 by Falguni Nayar. The company sells its products through three channels- website, app, and offline stores. It offers a wide variety of beauty, wellness, and fashion products.
Nayar made her company the first Indian unicorn startup led by a woman in 2020. Nykaa has revenue of INR 2,440 crores, in 2021. It has also announced revenue of INR 1,098.4 crores in Q3 of FY 2022.
Swiggy
Revenue: INR 2,145 Crores in FY2021
It is an online food ordering and delivery platform based in India. Swiggy started in the year 2014. The platform’s services are active in more than five hundred Indian cities like Delhi, Mumbai, Jaipur, etc.
The platform has taken a tech approach to handle logistics and provide solutions to customer demands. Swiggy has revenue of INR 2,145 crores for 2021. This number was a 23% drop from their previous financial year.
Zomato
Revenue: INR 1,994 Crores in FY2021
It is an online food ordering and delivery company founded in the year 2008. From menus to reviews the platform provides you with all the information about its partnered restaurants and gets your delicious food delivered to your doorstep.
It was the first Indian startup to make its debut in the stock market. Zomato is one of the most successful startups in India with a revenue of INR 1,994 crores, in Financial Year 2021. It has also announced its gross order value of INR 5,500 crores in Q3 FY 2022.
BYJU’S
Revenue: INR 2,800 Crores in FY 2020
It is a global ed-tech startup founded in India in the year 2011. The platform is known to provide adaptive, engaging, and effective learning solutions to its students around the world. This online coaching has the school’s curriculum as well training for exams like JEE, IAS, GRE, etc.
This education startup earned the status of 13th largest unicorn in the world as per CB insights in December 2021. BYJU's had a revenue of INR 2,800 crores as of FY 2020. The latest amount is yet to be announced by this ed-tech giant.
Paytm
Revenue: INR 1,456 crores in Q3 FY2022
It is an Indian multinational technology startup that provides a digital ecosystem for consumers and merchants. Paytm was founded in the year 2010. The company offers payment services, commerce and cloud services, and financial services.
It enables users to make quick and safe UPI payments, book movie tickets, EMI payments, and more. This top Indian startup has a revenue of INR 3,187.6 crores for FY21. It has also generated revenue of INR 1,456 crores in Q3 FY2022.
Arbaz Sayed
OYO
Revenue: INR 4,157 Crores in FY2021
It is an Indian multinational online travel agency for homes and hotels. It was founded in the year 2012. OYO’s hotels offer rooms at affordable rates all across South Asia. It also offers services like complimentary breakfast services, holiday packages, rewards, etc.
The platform has made travel experiences for people easy and reasonable. It has a revenue of INR 4,157 crores, in 2021.
Udaan
Revenue: INR 5,919 Crores in FY 2021
It is a network-centric B2B e-commerce platform founded in the year 2016 in India. The startup helps the traders, manufacturers, and wholesalers to connect directly in one place. It also facilitates secure payments and smooth logistics.
Udaan has been successful in solving the problems of trade for businesses across India. It has a revenue of INR 5,919 Crores in FY 21.
Digit Insurance
Revenue: INR 3,243 Crores in FY21
It is an operator of an insurance brokerage firm founded in the year 2016 in India. The company offers insurance for commercial and non-commercial vehicles, property, and travel.
Digit Insurance is one of the leading insurance companies in the nation enabling the clients to make informed decisions and get themselves insured. It has a revenue of INR 3,243 crores in FY21.
PharmEasy
Revenue: INR 2,360 Crores in FY21
It is an Indian online drug delivery startup founded in the year 2014. The company’s application sells medicine and healthcare products and helps in connecting with local medical stores and diagnostic centers to fulfill medical needs.
Pharmeasy improves the supply chain of pharmaceuticals by making the process completely digital. It has a revenue of INR 2,360 crores in FY21.
Dream11
Revenue: INR 2,070 Crores for FY2021
It is a fantasy sports platform based in India, founded in the year 2008. Dream11 enables the users to play fantasy sports like cricket, kabaddi, hockey, basketball, and football.
This has been the first Indian gaming company to become a unicorn. The gaming startup has revenue of INR 2,070 crores for Financial Year 2021.
Conclusion
The startups in India have seen massive growth in the past decade. Many startups were able to attain the status of unicorn in recent times making India the third-largest hub for unicorn startups in the world.
India has always been famous for its successful talent in technology, medical fields, and more. Now, the nation is shining bright with its batch of growing startup industry.
FAQs
What is the valuation of Dream11?
The valuation of Dream11 is $8 Billion.
What is the Valuation of BYJU'S?
BYJU'S has a valuation of $22 Billion.
How much is Swiggy valued?
Swiggy is valued at $10.7 Billion.
Which are the top Indian startups by valuation?
Top 5 Indian startups by valuation are:
- Flipkart
- Byju’s
- Swiggy
- Oyo
- Paytm
What is the revenue of Nykaa?
The annual revenue of Nykaa amounted to 22 billion rupees in FY2021.
What is the revenue of Paytm?
Revenue of Paytm amounted to INR 1,456 crores in Q3 FY2022.
Source :- https://startuptalky.com/ Author :- Muskaan Kapoor Date :-April 11, 2022 at 11:24AM