India’s Top and Renowned Startups – Part 3

India’s Top and Renowned Startups – Part 3

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Zomato: – Zometo founded in July 2008 by two IIT Delhi alumni, Deepinder Goyal and Pankaj Chaddah, headquartered in Gurgaon, Haryana. Zomato is a food delivery startup and now it currently operates in 24 countries, including India, Australia, and the United States. It provides information and reviews on restaurants, including images of menus where the restaurant does not have its own website.

Zomato has received funding from investors such as Sequoia Capital, Ant Financial, and Info Edge. In October 2018, Zomato raised $210 million from Alibaba’s payment affiliate Ant Financial. Zomato has 3 companies in its portfolio, including TinMen. As of August 2019, Zomato has 1.9M fans on Facebook and 1.3M followers on Twitter. Zomato currently clocks about 10.5 million monthly orders across India

Ola: – Ola Cabs is a transportation network company (TNC), was founded on 3rd December 2010 by two IIT, Mumbai alumni Bhavish Aggarwal and Ankit Bhati with a mission to build mobility for a billion people. Bhavish worked with Microsoft Research for two years, filing two patents alongside having three papers published in international academic journals. Bhavish doesn’t own a car himself and vows that he never will.

As of 2018, the company has expanded to a network of more than 10,00,000 vehicles across 250+ cities across India, Australia, New Zealand, and the UK. It claims to clock an average of more than 15,00,000 bookings per day and commands 60% of the market share in India. Ola has millions of customers and over 1.5 million driver-partners. In November 2014, Ola diversified to incorporate auto rickshaws on a trial basis in Bengaluru. After the success of this trial, Ola Auto expanded to many other cities in India.

The company announced on 6 May 2019 that Ratan Tata had invested an undisclosed amount in Ola Electric.

Byju: – BYJU’S is India’s largest Ed-tech company, founded in 2011 by Byju Raveendran. Byju is the creator of India’s largest K12 learning app which offers highly adaptive, engaging and effective learning programs for students in classes 4-12 (K-12) and competitive exams like JEE, NEET, CAT, IAS, GRE and GMAT. Today, BYJU’S has over 33 million downloads and 2.3 million annual paid subscriptions. With an average time of 64 minutes being spent by a student on the app every day, the BYJU’S app is making learning enjoyable and effective.

In March 2019, it was the world’s most valued Ed-tech company at $5.4 billion (Rs 37,000 crore). Shah Rukh Khan is the brand ambassador for BYJU’S. In July 2019, BYJU’S acquired the Indian cricket team’s jersey rights. Its revenues are expected to more than double to Rs 3000 crore ($435 million) in the year ending March 2020. Naspers Ventures and Tencent Holdings Ltd, Sequoia Capital, Facebook-founder Mark Zuckerberg, and his wife Priscilla Chan all are major investors in Byju.

Toppr: – Toppr is an online exam preparation portal founded by two IIT, Mumbai alumni Zishaan Hayath and Hemanth Goteti, incorporated on 02 April 2013. It is a platform for the preparation of entrance exams for engineering colleges and institutions in India through digital modules.

They believe that the current education system in India is degrading and is extremely over-priced. The tuition system used to be very teacher-driven which has now shifted to become corporate-driven. This is where Toppr comes in. Toppr charges Rs 4,900 for medical and engineering entrance exam preparation course while it charges Rs 6,900 for foundation courses class VII, IX and X students as every year almost 14 Lakh students take IIT-JEE and 8 Lakh students take Medical entrance. The content is developed by Toppr itself. Toppr has built a question bank of over 45,000 questions.

Toppr had initially raised an angel round from Kasyap Deorah and Abhishek Jain when they started the company in April 2013. The funding will be primarily used to scale and increase reach.

To be continued…

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