Over the past few years there were many companies which were started in India. But very few made some mark in today’s market. Here is a list of top 10 companies in India which made a mark in present technical market.
Founded in : September 2007
Registered in : Singapore
Operates in : India
Founder(s):Sachin Bansal, Binny Bansal
Flipkart is headquartered in Bangalore, Karnataka, India. It is an e-commerce company. Both Sanjay Bansal and Binny Bansal were part of Indian Institute of Technology, Delhi alumni and used to word with Amazon.com. Flipkart initially focused on online sales of books but gradually started dealing with electronic products and various other products. Now flipkart has more than 33000 employees and offer payment methods as Cash on Delivery, Debit and credit cards, Net banking, Gift voucher and also Card swipe on delivery.
Flipkart invested Rs 400000 to built their website and raised funding from different aspects. Flipkart is said to have sales report of 40 Million in Fiscal year 2008-2009, 200 Million in fiscal year 2009-2010, 750 Million in fiscal year 2010-2011. In fiscal year 2011-12 it crossed 5 billion. On an average flipkart sells 10 products per minute.
Founded in : February 2010
Operating in : India
Founders: Kunal Bahl, Sanjay Bansal
Snapdeal is one of the largest online marketplace with 10 million products of different categories. It is having a fun loving office head-quartered in Ohkla, Delhi, India. Snapdeal has a sale of $320 million in fiscal year 2013-2014. In 2014 Snapdeal is said to cross a sale of over 1 crore. Snapdeal is said to have a sales of over 3 billion dollars annually. From June 2011 till date Snapdeal acquired a number of online ventures as Grabbon.com, esportsbuy.com, Shopo.in, Doozton.com, Wishpicker.com, Smartprix.com, Exclusively.in, 20% stake in Gojavas.com, freecharge.com etc. Snapdeal collaborated with Gojavas in June 2015 for ‘90 mins reverse pickup’ initiative.
First investing partner was IndoUs Venture and Nexus venture partners in September 2009. Snapdeal received an investment of $627 million from Softbank, which is its largest investor. ‘Indian eRetail awards2012’ awarded Snapdeal as ‘eRetailer of the Year & Best Advertising campaign of the year’.
Founded in :December 2010
Founders: Bhavish Aggarwal, Ankit Bhati
Ola cabs started from Mumbai, now based in Bangalore is one of the most preferred mobile app for transportation. In 2014 it expanded and has a network of more than 200000 cars across 100 cities. Ola cabs provide services of both economic and luxury travels and provides both cash and cashless payments with Ola money. It is said that Ola cabs gets 150,000 bookings per day.
Ola cabs is among the fastest growing business in India and it accounts to 60% market share. Its initial funding of $330k was raised in April 2011. Series A funding was done by Tiger Global Management, Series B funding from Matrix Partners and Tiger Global, Series C funding from Steadview Capital, Sequioia Capital, Series D funding from Softbank Internet and Media Inc and its existing investors.
Ola cabs acquisition includes Taxi for sure or TFS in March,2015.
Founded in : July 2011
Founders: Sandeep Aggarwal, Sanjay Sethi
Shopclues is an online marketplace for everything we need starting from electronics, fashion, footwear to home appliances, baby products, jewelry etc. The company was founded in Silicon Valley, USA in 2011 and it is the Indian subsidiary of Clues Network Inc which was founded by an alumnus of Washinton University and Wall Street internet analyst Sandeep Aggarwal and eBay’s former Global Product head, Sanjay Sethi. It is headquartered in Gurgaon, India and registered office in Gujrat, India. Shopclues is having over 12,000 registered customers and over 200,000 procducts serving across 9500 locations in the country. Shopclues handles about 18 Lakhs transactions annually with around 42 million visitors per year.
Initially it raised funding from employees of Google, Netscape and other serial entrepreneurs from silicon Valley. In February 2012 it had its Series A investment from Nexus Venture partners. In Series B it had Helion and Nexus and a Japanese internet company as its investors. Company raised about $100 million in Series C funding from Tiger Global besides two of its existing investors.
Founded in :July 2012
Founders: Ashish Goel and Rajiv Srivatsa
Urban Ladder is an online marketplace for furniture as bed, sofas, dining, wardrobes, tables and chairs and other home decor products and also handles the delivery and installation of the products it offers. Urban Ladder performs across 12 cities in India, which plans to expand to 30 cities by 2016. Urban ladder is rapidly growing among Indian middle class by providing the high quality and beautifully crafted furniture with contemporary designs and functionality.
Urban Ladder started with a seed capital of $1 million from Kalaari capital in august 2012. Then it raised $5 million in Series A invested by SAIF Partners and its existing investor. In Series B funding it raised $21 Million from Steadview Capital, Saif partners and Kalaari Capital. After that it received a personal investment from Ratan Tata, Tata Sons. Lately in April 2015 it raised $50 Million funded by Sequoia Capital and TR Capital.
Founded in :October 2010
Founders: Sulakshan Kumar and Sitakanta Ray
MySmartPrice is headquartered in Hyderabad, India and it is an affiliate site that brings the best of prices of e-commerce in India on a single website. It is well known that e-commerce in India is a huge opportunity and there is a large contribution of affiliate sites. MySmartPrice provides the best price for leading categories in Mobile phones, other Electronics, Lifestyle products, Clothing etc. It lists 200+ product categories and serves more than 20 million users per month. MySmartPrice also offers Deals section with exclusive deals or special discounts applicable for short duration which sometimes the stores also misses out. MySmartPrice has resulted in India’s leading price and service comparison research. It also provides with the android app which has over 1 million downloads.
MySmartPrice raised its Series A funding of $1 million from Helion Venture partners and Accel Partners in January 2014.
Birds Eye Systems
Incorporated in : 2010
From : India
Founder(s): Brijraj Vagnani and Ravi Khemani
Birds Eye Systems Pvt. Ltd. is based in Mumbai, India and provides real time traffic monitoring solutions by its website Traffline.com launched in 2012. It provides services to Mumbai, Delhi NCR, Hyderabad, Bangalore, Kolkata, Chennai, Pune in India. Traffline also provides Traffic updates via email, social media and SMS and also help commuters to book their taxi using their phones. Traffline is integrated with Mumbai Traffic Police’s official website. Traffic data is collected from GPS fitted taxis and other public transport vehicles.
Initial capital was from founders own savings of 35-40 lakhs INR and since then they raised capital from various institutions and investors as Center for innovation (Seed investment of 20 lakh), Incubation and Entrepreneurship , Indian Angel Network. Birds Eye System received its Series A funding from Matrix Partners in 2013 and Series B investment from Qualcomm Ventures.
Founded in : July 2012
From : India and U.S
Founder(s): Arun Prabhakar, Cherian Thomas, Dan Hauk, Chris Luscher
What Tumblr , WordPress, Blogger is to blogging, CucumberTown is to food blogging. It gives the cooks or food bloggers an online recognition. The other recipe sites like AllRecipes, Cooks etc. do not focus on the user where as cucumbertown focuses on its users and present them in a beautiful manner, crafting out every recipe in a structured way providing with pictures. The astonishing part is Cucumbertown has been built by 4 employees in 3 countries who have not met each other.
In 2014 the company grew in US and European region. This site attracted huge investors and raised $300K from Farmville co-creator Sizhao Zao Yang, Naval Ravikant – AngelList, Google Adsense, Manish Arora of MightyText, Richard Chen – ex-Google PM, Sonique Player co-creator Tabreez Verjee & Mokriya CEO Sunil Kanderi. The company has been acquired by Japnese Cookpad. CucumberTown has two offices one in Bangalore, India and Bay area.
Founder(s): Currently 9 founders
Housing.com is a real estate search portal which is currently having 5 founders from Indian Institute of Technology, Bombay, India. The domain housing.com and the number 03-333-333-333 was bought in September 2013 for $1 million. Housing.com provides the customers with the portal to search for housing based on locations, landmarks, society etc. It serves 40 cities across India and has more than 6000 brokers. Housing.com has mapped more than 650,000 houses in India.
Housing.com acquired Indian Real Estate Forum (IREF) and Realty Bi for $1.2 and $2 million respectively. The seed capital of $2.5 million was funded by Nexus Venture Partners. The next funding of $18 million was received by Helion Venture Partners. It further raised $19 million from Helion Venture Partners, Qualcomm Ventures and Nexus Venture partners. Housing.com raised a highest of $100 million from SoftBank capital.
Founded in : December 2010
Launched in: February 2013
Founder(s): Greg Moran and David Back
David Back and Greg Moran graduated from University of Pennslvania and launched Zoom in February 2013 in Bangalore. Zoom started with seven cars. Zoom is a concept of booking a self-drive car online in India where you can simply rent a car by the hour, day, week or month. Currently it operates in Bangalore, Hyderabad, Delhi NCR, Pune, Mumbai and Chennai.
Zoom’s board of directors include co-founder of Empire Angels, Graham Gullans. Zoom’s Board of Advisors includes former United States Treasury Secretary and former Director of the United States National Economic Council, Larry Summers and Chair of the United Kingdom’s Pension Protection Fund and former US SEC Commissioner Lady Barbara Judge. Zoom raised a seed capital of $1.5 million led by New York investment network Empire Angels. It also raised a $3 million in equity capital.