Here are the top five successful Indian startups that turned into flourishing companies

Startups have been emerging in every sphere and sector in India. As per a lot of media agencies, the Indian startup ecosystem is the third largest in the world. The startups in India do attract a huge amount of international investment. 

There are a plethora of reasons that India is a hotspot for startup investments. Although, all of them stem from the fact that these infant firms showcase ultimate potential to grow and thrive in the internationally competitive environment. 

Advertisement

Amongst a huge number of blooming initiatives, some of the startups have completely outshined and have established themselves as successful organizations. 

Here are the top 5 startups which have turned into successful companies in a short span of time:

Flipkart

Image Courtesy: NDTV Gadgets 360

Launched in the year 2007, Flipkart was founded by Sachin Bansal and Binny Bansal. The co-founders started the business by selling books with an initial capital of Rs. 4 lakh. In about 13 years, the company established a net worth in the year 2019 was reported to be about $20 billion. 

In 2018, the US-based retail chain Walmart, acquired a 77% controlling stake in the company for $16 billion. 

Swiggy

Image Courtesy: Indianmoney.com

The Bengaluru based consumer services company was founded in the year 2014. In just eight years, it has become a go-to app in every person’s phone. The company, by April 2020, totalled a net worth of $3.6 billion. With over 2 lakh employees working currently with the organization, Swiggy is the world’s largest online food delivery platform.

Paytm

Image Courtesy: XiteTech

The indian e-commerce payments system, Paytm has been the biggest stakeholder in the digital finance revolution in India. The platform began as a digital wallet and has not turned into a complete finance solution for the consumers. The founder, Vijay Shekhar Sharma, was named the youngest billionaire in the year 2017 after touching a net worth of $2.1 billion. 

The company gained a full throttle customer base after the Modi government’s demonetisation move in the year 2016.

Byju’s

Image Courtesy: The Unbiased Blog

The Bangalore based digital learning startup changed the face of the Indian education industry. From a primary CBSE course to an advanced training for the IAS examination, Byju’s specialises in delivering content by leveraging technology in education. The founder, Byju Raveendran, has a net worth of $2.3 billion. 

The company has so far received investments from companies like General Atlantic, chan Zuckerberg Initiative, etc. 

Oyo

Image Courtesy: Scroll.in

If you’re looking for a comfortable place to stay, at an affordable price, Oyo would be the perfect choice. The company was founded in 2013 and ever since has extensively expanded both domestically and internationally. With over 1.2 million hotel rooms in over 800 cities and 80 countries, Oyo has taken over the Indian hospitality market. With a net worth of $1.1billion, the founder Ritesh Aggarwal was labelled as the youngest Indian in the Hurun Global Rich List, 2020.