20 Highest Funded Indian Startups in 2019

Highest funded Indian Startups in 2019

India is an exciting place to be for Startups. Indian ventures are attracting a lot of attention and funding, and the next few years will see several Unicorns grow out of India.

The most dynamic space has been FinTech, as India emerged with the second-highest product absorption rate at 59% against the global average of 39%. Leading the way in this sector are Paytm, Paytm Money, PhonePe, MobiKwik, PayU, ET Money, among others.

In the Q3 of 2019, 193 deals were closed, totalling US$3.2 Billion. Sequoia Capital, the California headquartered VC, led the funding spree closing over 13 deals, mostly in the FinTech space.

It was followed by Accel (10 deals), Tiger Global Management (7 deals), GrowX Venture Management (6 deals), SAIF Partners (5 deals), Steadview Capital Management (4 deals), Lightspeed (4 deals), Trifecta Capital (4 deals), Omidyar Network (4 deals), Chiratae Ventures (4 deals).

The top 20 highest funded start-ups in India are:

1. Ola Cabs

Total Funding: US$3.8 Billion

Industry: Ride Aggregator

Founded in 2010, Bengaluru-based Ola Cabs is a ride-hailing mobile App-based platform offering a range of cabs, two-wheelers, and other options for urban commuters. The company continues to penetrate the Indian urban market and is expanding its operations to the UK, Australia, and New Zealand.

2. Snapdeal

Total Funding: US$1.8 Billion

Industry: E-Commerce

Founded in 2010, New Delhi-based Snapdeal is an e-commerce platform offering a wide range of products in a very competitive space. The company is backed by the Chinese e-commerce giant Alibaba, Taiwanese company Foxconn and the Japanese venture capital firm Softbank. It competes with Flipkart and Amazon, among others.

3. Oyo Rooms

Total Funding: US$1.7 Billion

Industry: Hotel Reservations

Founded in 2013, Gurugram-based Oyo is the world’s third-largest and fastest-growing hospitality reservation company. The service offers budget and affordable hotel reservations through its mobile-App. Oyo is expanding its operations within China, UAE, Malaysia, Nepal, and Indonesia.

4. Swiggy

Total Funding: US$1.5 Billion

Industry: Food Delivery

Founded in 2014, Bengaluru-based Swiggy offers doorstep food delivery services curated from select restaurants in over 100 Indian cities. The company has over 218,000 employees.

5. BigBasket

Total Funding: US$989.5 Million

Industry: E-Commerce; Delivery Service

Founded in 2011, the Bengaluru-based BigBasket offers doorstep delivery of a wide range of food and grocery store products.

6. BYJU’S

Total Funding: $969.8 Million

Industry: Edtech

Founded in 2011, the Bengaluru-based BYJU’S is an online learning and tutoring service. The company employs over 8,000 people, and in March 2019 was valued at $5.5 Billion, the world’s highest valuation for an edtech company.

7. Delhivery

Total Funding: US$819.6 Million

Industry: Supply Chain Management; Logistics

Founded in 2011, Gurugram-based Delhivery is a third-party logistics service provider focusing on courier pick-up, delivery, and online shipping services. With over 50,000 employees, Delhivery services over 1200 cities in the country.

8. Paytm Mall

Total Funding: US$795 Million

Industry: E-Commerce

Founded in 2016, Paytm Mall, a Delhi-NCR-based online e-commerce platform, is a subsidiary of Paytm.

9. Zomato

Total Funding: US$755.6 Million

Industry: Online Restaurant Reservations; Food Delivery

Founded in 2008, Gurugram-based Zomato is a popular Indian restaurant, bars, and cafes aggregator and food delivery start-up. Employing over 5,000 employees, Zomato competes with Swiggy to meet the rapidly growing demand for home and office food delivery services.

10. Grofers

Total Funding: US$471.8 Million

Industry: E-Commerce

Founded in 2013, Gurugram-based Grofers caters to online order fulfilment of food and groceries. Employing over 3,000 employees, Grofers competes with BigBasket for the Indian consumer market.

11. Policy Bazaar

Total Funding: US$346.6 Million

Industry: Insurance

Founded in 2008, Gurugram-based insurance aggregator Policy Bazaar offers financial services from leading insurance companies in Life, Health, Car, and Two-wheeler Insurance services. The company employs over 10,000 people.

12. CureFit

Total Funding: US$294.6 Million

Industry: Health & Fitness

Founded in 2016, Bengaluru-based CureFit is a health and fitness startup offering focused gym services through Cult.Fit, health foods through Eat.Fit, and mental wellness products and services through Mind.Fit.

13. Blackbuck

Total Funding: US$285.2 Million

Industry: Supply Chain Management; Logistics

Founded in 2015, Bengaluru-based Blackbuck (Zinka Logistics Solutions Private Limited) operates a fleet of over 250,000 trucks offering trucking services to over 10,000 clients in 2,000 plus locations in India.

14. Udaan

Total Funding: US$284.9 Million

Industry: B2B Marketplace

Bengaluru-based Uddan is a B2B online marketplace connecting small and medium traders across 80-100 cities, with deliveries in over 800 locations in India.

15. Rivigo

Total Funding: US$245.6 Million

Industry: Logistics; Transportation

Gurugram-based trucking company Rivigo offers services in over 4,000 locations in India with a 5,000+ fleet of high-tech trucks.

16. CarDekho

Total Funding: US$177.5 Million

Industry: New and Used Cars Marketplace

Founded in 2008, Gurugram-based Car Dekho is an online car search platform offering purchase and sale of new and used cars.

17. InCred

Total Funding: US$175.1 Million

Industry: FinTech; Financial Services

Founded in 2016, Mumbai-based InCred is a Non-Banking Financial Services Company (NBFC) offering loans to individual consumers and SMEs.

18. LendingKart

Total Funding: US$167.6 Million

Industry: FinTech; Financial Services

Founded in 2014, Ahmedabad-based LendingKart is a financial services company offering unsecured business loans.

19. 1mg

Total Funding: $163.4 Million

Industry: Online Pharmacy

Founded in 2015, Gurugram-based 1mg is India’s leading online pharmacy supplying its medical products and pathological collection services to over 1,000 locations in the country.

20. Xpressbees

Total Funding: US$157.6 Million

Industry: E-Commerce Logistics

Founded in 2015, Pune-based Xpressbees is a logistics services provider with over 2,000 offices and over 20,000 employees.

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20 Highest Funded Indian Startups in 2019
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20 Highest Funded Indian Startups in 2019
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India is an exciting place to be for Startups. Here in this article, we bring you the list of top 20 highest funded start-ups in India. Have a look!
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