Top Startups / March 16, 2022
Asaf Fybish

Asaf is an investor and startup growth advisor. He specializes in organic marketing and he's our Chief of Stash

Top Indian Startups To Watch in 2022

Figures show that Indian startups have exploded in recent years, with a total investment of $6.6 Billion in the industry in 2018, raising to $10 Billion in 2020 and in 2021, raising all the way up to $36 Billion. This shows that there are a lot of top startups in India, owing to this VC presence, the strength of entrepreneurship in the country and the fact that the Indian economy is rapidly growing, giving a great foundation for Indian startups to thrive.


1. TradeX

Year Founded: 2021

HQ: New Delhi, India

Size: 1-10

Founders: Divij Goyal, Ankit Shrivastava

TradeX is an Indian startup that was founded in 2021 and is currently based in New Delhi, India. The company operates in the fintech market and provides its users with a market trading platform that uses predictions to help users to make trades based on opinions that matter to them and they can earn rewards for correct predictions.

Since the company was founded, it has gone through a Seed Funding round, which was worth 70 Million Indian Rupees. This funding round and the total investment was supported by a group of nine investors that are hoping that TradeX will a force to be reckoned with for years to come.

2. IppoPay

Year Founded: 2020

HQ: Chennai, India

Size: 11-50

Founders: Jai Kumar, Mohan Karuppiah, Thangaraj Sofiya

IppoPay is a startup in India that was founded in 2020 and is currently based in Chennai, India. The company makes its money through the provision and deployment of digital payment gateways that make it easy for SMEs, freelancers and home-based businesses to take payments, the most important part of the business.

Since the company was founded, it has gone through a pair of funding rounds, with one in 2021 and another in 2022. These funding rounds were supported by a group of seven investors, which ultimately resulted in IppoPay raising a figure of $2.4 Million to help it with the next stage of its growth and development.

3. Refyne

Year Founded: 2020

HQ: Bengaluru, India

Size: 11-50

Founders: Apoorv Kumar, Chitresh Sharma

Refyne is an Indian startup that was founded in 2020 and is currently based in Bengaluru, India. The company itself makes its money through the provision of a platform that allows employers to release Earned Wage Access to their employees, which helps to prevent stress and improve the financial literacy of those that are employed by Indian companies.

The company has done very well in terms of attracting investment support, with funding rounds in 2020, 2021 and 2022. These funding rounds have attracted the attention of a group of eight investors that have pledged a mammoth $102.1 Million to help the business to continue growing and expanding.

4. AarogyaAI

Year Founded: 2019

HQ: New Delhi, India

Size: 1-10

Founders: Avlokita Tiwari, Praapti Jayaswal

AarogyaAI is a startup in India that was founded in 2019 and is currently based in New Delhi, India. The company provides medical technology powered by artificial intelligence to help with the early detection and diagnosis of drug-resistant TB. This improves care outcomes for patients and allows them to get rapid access to treatment.

The company has seen a good amount of support from investors, with it going through four successful rounds of funding. From these funding rounds, the company received support from a group of four investors, to the tune of $855,500.

5. Glamplus

Year Founded: 2020

HQ: Bengaluru, India

Size: 11-50

Founders: Divyanshu Singh

Glampus is an Indian startup that was founded in 2020 and is currently based in Bengaluru, India. The company provides a SaaS platform that acts as a beauty product marketplace for beauty salons so that they can get access to the things that they need to do their jobs, like invoicing, appointment tracking and more.

Since being founded, the business has gone through a pair of funding rounds, with one in 2021 and 2022 respectively. The result of these funding rounds was that the group of nine investors pledged their support to the business. This support came to the value of 71.7 Million Indian Rupees.

6. Unbox Robotics

Year Founded: 2019

HQ: Bangalore, India

Size: 11-50

Founders: Pramod Ghadge, Shahid Memon

Unbox Robotics is an Indian startup that was founded in 2019 and is currently based in Bangalore, India. The company aims to improve the efficiencies and profitability of logistics operations by using AI-powered robot solutions specifically for use within warehouses. Companies will be able to improve their order processing with this technology.

Since the business was founded, it has already gone through seven rounds of startup funding. Through these seven rounds of funding, the company has managed to attract the support of twenty-two investors, which has allowed the business to raise a figure of $9.1 Million since being founded.

7. Rupifi

Year Founded: 2020

HQ: Bengaluru, India

Size: 11-50

Founders: Ankit Singh, Anubhav Jain, Jawaid Iqbal

Rupifi is a startup in India that was founded in 2020 and is currently based in Bengaluru, India. The company provides a B2B fintech services that make it easier for smaller companies to raise the capital that they need through the provision of working capital and payment services along with loans.

The business has been incredibly active in raising money to grow and develop, with eight funding rounds being completed in less than two years. These funding rounds have attracted the attention of seventeen investors that see the potential of the business. This has culminated in the company raising a figure of $30.8 Million

8. OneDios

Year Founded: 2019

HQ: Noida, India

Size: 11-50

Founders: Amit Sharma

OneDios is an Indian startup that was founded in 2019 and is currently based in Noida, India. The company makes its money through the provision of a platform for aggregating customer requests. This means that businesses using their platform will be able to improve their sales and marketing approach by taking on board the feedback and requirements of their customers.

Since being founded, the company has gone through a single Seed Funding round in January 2022. In this round of funding, the company secured support from a total of five investors, which allowed it to raise a figure of $1.2 Million in startup funding.

9. Skippi Ice Pops

Year Founded: 2020

HQ: Hyderabad, India

Size: 1-10

Founders: Ravi Kabra

Skippi Ice Pops is a startup in India that was founded in 2020 and is currently based in Hyderabad, India. The company aims to address problems of sustainability and environmental impacts from these tasty treats by creating healthy alternative products,

Since being founded, the company has gone through a single Seed Funding Round in December 2021. From this funding round, the company has managed to attract the support of five investors. These investors have collectively backed the business with 10 Million Indian Rupees in funding.

10. Groyyo

Year Founded: 2021

HQ: Haryana, India

Size: 11-50

Founders: Subin Mitra, Ridam Upadhyay, Pratik Tiwary

Groyyo is an Indian startup that was founded in 2021 and is currently based in Haryana, India. The company has provided a solution for B2B manufacturing and automation. This allows businesses within this sector to improve the efficiencies of their operations, which ultimately has a positive impact on the bottom line of these companies.

Since being founded, the business has gone through a sole Seed Funding round in January 2022. This funding round attracted the attention of seven investors, with a blend of angels and institutions. Collectively, these backers have invested $4.6 Million into Groyyo.

11. Bambrew

Year Founded: 2019

HQ: Bangalore, India

Size: 1-10

Founders: Vaibhav Anant

Bambrew is a startup in India that was founded in 2019 and is currently based in Bangalore, India. The company is aiming to change the packaging industry and make it more environmentally friendly by developing the technology and packaging products to ensure that the industry is less wasteful and is better for the planet.

Since the company was founded, it has gone through two rounds of funding, with one in 2020 and another in January 2022. These funding rounds have allowed the company to gain support from a total of eight investors. These investors have backed Bambrew with a total of $2.4 Million.

12. Tournafest

Year Founded: 2021

HQ: Jaipur, India

Size: 11-50

Founders: Ayush Agarwal, Kaustubh Trivedi

Tournafest is an Indian startup that was founded in 2021 and is currently based in Jaipur, India. The company has created a one-stop shop for gamers to enhance their skills and take part in competitions in a motivating, safe and fun manner. The platform has been created by gamers for gamers.

The business has gone through a single round of startup funding in December 2021, which allowed the company to gain support from a total of six investors. These investors are helping Tournafest to reach the next level by investing 30.5 Million Indian Rupees.

13. Healthquad

Year Founded: 2019

HQ: Gurgaon, India

Size: 11-50

Founders: Deepak Bhardwaj

Healthquad is an Indian startup that was founded in 2019 and is currently based in Gurgaon, India. The company is behind the development and release of a comprehensive health and fitness platform that offers an enhanced fitness experience by providing insights and data to customers.

Since being founded, the company has gone through a single Seed Funding round in December 2021, which was supported by a sole investor. This investor has pledged a total of 75 Million Indian Rupees to the company.

14. BikeWo

Year Founded: 2021

HQ: Hyderabad, India

Size: 11-50

Founders: Vidhyasagar Reddy

BikeWo is a startup in India that was founded in 2021 and is currently based in Hyderabad, India. The company provides support and services for two-wheeled vehicles in the EV industry providing repair and other expertise for charging ports and other infrastructure items for the market as a whole. With the growth of the EV market, BikoWo has come at a perfect time.

Since it was founded, the company has already gone through an Angel Round of funding, which was supported by a single investor. This resulted in an unspecified amount of funding being raised by the company.

15. Mainstreet

Year Founded: 2019

HQ: Mumbai, India

Size: 11-50

Founders: Vedant Lamba

Mainstreet is an Indian startup that was founded in 2019 and is currently based in Mumbai, India. The company provides a platform where users can buy a vast array of premium clothing and accessories which includes shoes, among other pieces of apparel.

Since being founded, the company has gone through a single round of startup funding. During this round of funding, the business received funding support from eight investors. The end amount of funding from this round has not been disclosed.

16. Lahori

Year Founded: 2021

HQ: Mohali, India

Size: 11-50

Founders: Saurabh Munjal

Lahori is a startup in India that was founded in 2021 and is currently based in Mohali, India. The company makes its money through direct-to-consumer sales of a range of different beverages. These drinks are healthier than a lot of alternatives on the market.

Since being founded, the company has gone through a single funding round in January 2022. This funding round has helped the company to attract the attention of a sole investor that has backed Lahori with $15 Million.

17. Living Food

Year Founded: 2018

HQ: Bangalore, India

Size: 11-50

Founders: Akash Sajith, Niranjan Satheesbabu, Shikha Lakhanpal

Living Food is an Indian startup that was founded in 2018 and is currently based in Bangalore, India. The company makes its money through the operation of an online e-commerce platform that allows its users to get access to fresh produce that is locally sourced, reducing carbon footprints for users on the platform.

Since Living Food was founded, it has gone through three rounds of startup funding. These funding rounds have led to the company receiving investment from six sources. These investors have backed Living Food to the value of $7.5 Million.

18. Nestasia

Year Founded: 2018

HQ: Kolkata, India

Size: 11-50

Founders: Aditi Murarka, Anurag Agrawal

Nestasia is a startup in India that was founded in 2018 and is currently based in Kolkata, India. The company provides handcrafted goods and items that are globally sourced from suppliers that use environmentally-friendly materials.

Since being founded, the company has gone through a single round of startup funding in December 2021. Throughout this funding round, the business received support from a total of six investors. The end result of this investment was that Nestasia has raised $4 Million.

19. Deciwood

Year Founded: 2018

HQ: Delhi, India

Size: 11-50

Founders: Ananya Meena

Deciwood is an Indian startup that was founded in 2018 and is currently based in the city of Delhi, India. The company has entered the audio technology market by creating speakers made out of wood and specific tubes to enhance the quality of the sound. This also makes sure that the speakers are more environmentally friendly and are partly recycable.

Since being founded, Deciwood has gone through a Seed Funding Round in December 2021. This funding round attracted the support of five investors that have collectively backed the business with a figure of 15 Million Indian Rupees for growth and development.

20. Minko

Year Founded: 2017

HQ: Sanquelim, India

Size: 11-50

Founders: Sanket Shendure, Sanmati Shendure

Minko is a startup in India that was founded in 2017 and is currently based in Sanquelim, India. The company provides a retail fintech solution in the form of its platform which allows small business owners like shops and other retail brands to get access to much-needed credit facilities so that they can grow their business.

Minko went through its first round of funding in December 2021, which allowed the business to gain the support of thirteen investors. The end result of these investors joining is that the company managed to raise a figure of $1.5 Million.

21. ZobHunger

Year Founded: 2020

HQ: Ghazipur, India

Size: 1-10

Founders: Sachin Kr Sahu, Shailesh Kumar Sahu

ZobHunger is an Indian startup that was founded in 2020 and is currently based in Ghazipur, India. The company helps other businesses with their marketing by providing expert support on marketing plans, bringing products to market and consulting on other aspects of the marketing process.

ZobHunger has gone through two rounds of startup funding since it was founded and these funding rounds have attracted the attention of a pair of investors. These investors have collectively pledged a figure of $4.1 Million.

22. Mentor Match

Year Founded: 2020

HQ: Chennai, India

Size: 10-50

Founders: Rohit Raheja, Sachit Dugar and Rayhaan Shaik

MentorMatch

Mentor Match, an Indian Ed-tech startup, has raised $1 million in its pre-seed round of funding from Sapient Fund, a US-based seed-stage venture fund led by Mr Karthik Sundaram.

It is a self-study platform that helps students of classes 8-12 connect directly with expert mentors/tutors instantly through a 1 on 1 video call. Their unique model is to provide students with a 24/7 study buddy at the tap of a button.


FAQs

How Many Startups Are There In India?

Current figures from the Indian government show that there are around 50,000 startups in the country.

What Is The Average Investment in India?

Exact figures of this nature are hard to find, however, it should be noted that Indian startups have raised a total of $36 Billion during 2021.

What Are The Strongest Industries in India?

Some of the strongest industries in India are metalwork, automotive, IT, banking, insurance and more.

Top Indian Startups To Watch...
Asaf Fybish

Asaf is an investor and startup growth advisor. He specializes in organic marketing and he's our Chief of Stash

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