Top 130 Startups in India 2023

Progcap:

Founded in 2017, Progcap bridges the gap in access to working capital for retailers in underserved regions, specifically Tier II, III, and IV areas. With their innovative last-mile retailer finance solution, they cater to a segment often overlooked by traditional financial institutions. Half of their customers are new to the credit ecosystem, and Progcap’s proprietary lending platform utilizes non-traditional ecosystem data to assess creditworthiness, enabling them to provide financial services to a previously untapped market.

Citymall:

In 2019, Angad Kikla and Naisheel Verdhan established CityMall, an online group-buying platform based in Gurgaon that offers a diverse range of products, including beauty and home improvement items. By purchasing items in conjunction with other users, customers can take advantage of substantial savings. The company meticulously selects products from trusted vendors, ensuring that every item delivered meets the highest standards. Additionally, CityMall prioritizes a seamless shopping experience, providing a user-friendly interface and intuitive navigation that empowers customers to browse effortlessly, compare prices, and make informed purchasing decisions.

Shipsy:

Shipsy has emerged as a transformative force, revolutionizing the way businesses navigate the complexities of global commerce. Through its innovative digital platform, Shipsy seamlessly connects shippers, freight forwarders, and carriers, facilitating efficient and cost-effective transportation of goods across borders.
A key differentiator of Shipsy is its comprehensive suite of solutions, encompassing every stage of the international trade journey. From shipment booking and tracking to real-time cargo monitoring and customs clearance, Shipsy provides a holistic approach to trade management, eliminating the need for fragmented solutions and disparate systems.

Yubi:

Yubi, a Chennai-based fintech company formerly known as CredAvenue, is pioneering a new approach to credit discovery, investment, and fulfillment. By dismantling traditional barriers and facilitating seamless connections between borrowers, lenders, and investors, Yubi is poised to reshape the global debt landscape. This rebranding reflects the company’s ambitious vision of becoming an indispensable part of the debt ecosystem, operating as an invisible infrastructure layer that powers global credit transactions and ensures frictionless access to capital. Founded in August 2020 by Gaurav Kumar, Yubi has established a strong presence with offices in Chennai, Mumbai, Bengaluru, and Delhi.

Incred:

Founded in 2016 by Bhupinder Singh, InCred has emerged as a leading non-banking financial company (NBFC) in India, catering to the underserved and unbanked segments of society.

At the heart of InCred’s success lies its commitment to providing accessible and affordable financial solutions to those who have traditionally been overlooked by the mainstream financial system. The company’s offerings span a wide range of products, including personal loans, education loans, SME business loans, and digital merchant loans, tailored to meet the diverse needs of its clientele.

Zolo:

Zolostays, a pioneering real-tech company founded in 2015 by Dr. Nikhil Sikri, Akhil Sikri, and Sneha Choudhry, has revolutionized the urban living experience by introducing a seamless co-living concept. Their user-friendly app provides ready-to-move rooms and beds, catering to the needs of modern individuals seeking convenient and affordable accommodation.

Zolostays distinguishes itself by placing a strong emphasis on fostering a vibrant community spirit among its residents. They organize a variety of online and offline events, creating a welcoming and inclusive environment where individuals can connect, socialize, and share experiences. To ensure a steady supply of accommodation options, Zolostays strategically utilizes bulk inventory in residential townships and collaborates with real estate companies.

Khatabook:

Embarking on its journey in December 2018, Khatabook transformed the bookkeeping landscape for India’s micro, small, and medium enterprises (MSMEs) with a vision to revolutionize financial management. Today, Khatabook stands as India’s fastest-growing SaaS company, empowering MSMEs to enhance efficiency and profitability through secure and innovative digital solutions.

The cornerstone of Khatabook’s success lies in its flagship app, a digital ledger solution tailored specifically for MSMEs. This user-friendly app simplifies bookkeeping practices, enabling businesses to manage their accounts with ease. To ensure timely payments, Khatabook seamlessly integrates with WhatsApp and SMS, sending reminders for both collections and due payments.

Kissht:

Founded in 2015 by Krishnan Viswanathan and Karan Mehta, Kissht has carved a niche as a leading digital lending platform, providing individuals and businesses with seamless access to instant credit solutions.

Kissht’s success hinges on its unique approach to credit assessment, which utilizes alternative data sources and machine learning algorithms to evaluate creditworthiness. This data-driven approach has enabled them to reach a broader customer base, including those with limited or no credit history, who have traditionally been overlooked by mainstream financial institutions.

As a testament to its commitment to financial inclusion, Kissht has expanded its reach to Tier II, III, and IV cities, empowering individuals and businesses in underserved regions to access the capital they need to pursue their aspirations.

Zupee

Established in 2018 by two IIT graduates , Zupee has emerged as a leading force in the realm of mobile games and gamified learning solutions. The company’s innovative platform has captivated millions of users worldwide with its engaging multiplayer games, interactive quizzes, and immersive gamified learning experiences. This pioneering venture quickly gained popularity, establishing Zupee as a frontrunner in the online skill-based gaming vertical. The company’s success is further testament to the growing demand for skill-based gaming, a sector that has witnessed a surge in financing in recent years.

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