Top 10 Profitable Indian Startups: Startups are the leaders of economic growth in the present era. Now startup investors are making a lot of money. India has witnessed the establishment of many startups in the country. The total investment of the startups is 6.6$ Billion in 2018, $10 Billion in 2020, and in 2021 it increased up to $36 Billion. Out of the many startups in our country, there have been some which have stood out from the rest and made the most profits. Here we have compiled the list of most profitable Indian startups.
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Top 10 Profitable Indian Startups:
Table of Content:
Startup India: An initiative of the Indian Government
1. Oxyzo
2. Amagi
3. Games24*7
4. MamaEarth
5. CredAvenue
6. Mu Sigma
7. ShipRocket
8. Infoedge
9. CoinSwitch
10. Lenskar
Startup India: An Initiative of the Indian Government
Startup India: An initiative of the Indian Government
1. Oxyzo
2. Amagi
3. Games24*7
4. MamaEarth
5. CredAvenue
6. Mu Sigma
7. ShipRocket
8. Infoedge
9. CoinSwitch
10. Lenskar
Startup India: An Initiative of the Indian Government
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The government of India has initiated the Startup India campaign by the Prime Minister of India Narendra Modi on August 15, 2015. The action plan of Startup India is divided into the following areas:
- Simplification and hand holding
- Funding Support and incentives
- Industry-Academia Partnership and incubation
The main goal of Startup India is the innovation and development of the services and products and also to increase the employment rate in India. Under this initiative government of India has launched the I-MADE program that helps the Indian Businessman to start 10 Lakh mobile app startups and also the Mudra Bank provides micro-credit at low-interest rates to entrepreneurs who are from low socio-economic backgrounds.
Read More: Top 15 Programmatic Advertising Platforms in India
1. Oxyzo:
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Head office
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Gurgaon
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Founders
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Ruchi Karla
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Year of Foundation
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2021
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Total funding
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$200Million
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Oxyzo has a deep knowledge of SMEs' business needs. Its main aim is to provide funds to small and medium firms and transform them into a large one. With the help of the fund, small firms buy raw materials and increase their capacity for manufacturing. With collateral-free credit options, low-interest rates, 72 hours of loan processing, and collateral-free credit options have transformed the Oxyzo into a prime lending company for SMEs in India. This is one of the Profitable Startups in India.
2. Amagi:
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Head office
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New York
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Founders
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Baskar Subramanian
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Year of Foundation
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2008
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Total funding
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$240.2 Million
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Amagi is a progressive media technology firm. It provides broadcast and cable TV networks, content owners, and OTT platforms. It is a global leader in cloud-based SaaS technology for connected TV and broadcast. They enable content owners to distribute, launch and monetize live linear channels on connected SVOD and TV platforms. Moreover, Amagi has 500+ content brands and manages 2000+ channel deliveries. Also, with deployments in approx. 40 countries. The presence of the company is in New York, Toronto, Los Angeles, London, Singapore, Paris, New Delhi, and Bangalore. This is one of the Top 10 Profitable Indian Startups
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3. Games24*7:
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Head office
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Mumbai
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Founders
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Bhavin Pandya, Trivikraman thampy
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Year of Foundation
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2006
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Total funding
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$75 Million
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Games24*7 was founded by Bhavin Pandya in 2006 who has studied economists from New York University and Trivikraman Thampy. It’s an Indian online gaming company that includes both casual games like Ultimate games and skill games like RummyCircle and My11Circle. This company has 70 million users and promises to be the best online rummy site. Moreover, it is going to launch exclusive games to the US market. Also, it will be the first RMG company to launch Made in India casual games in the USA. In the Credit Suisse report, Games24*7 was named as one of India’s 100 unicorns. It started from rummy in 2009 and then moved towards the casual games and is valued at $2.5 billion. This is one of the best startups in India.
4. MamaEarth:
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Head office
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Gurgaon, Haryana
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Founders
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Varun Alagh and Ghazal Alagh
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Year of Foundation
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2016
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Total Funding
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$110.8 Million
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Mamaearth is a cosmetics company creating cosmetics with natural products which are less harmful. Nowadays people are always worried about the chemicals that are used in cosmetic products. But now Mamaearth has produced several cosmetic products that are chemical-free with organic products. As it is devoid of harmful chemicals and toxins, it is safe for our hair, skin, gut, and overall health. In the cosmetic market, it has become a promising business with the American Made Safe Certification. Moreover, Mamaearth is the first Unicorn of 2022 which is valued at $1.2 billion after raising $52 million. This is one of the fastest-growing startups in India.
5. CredAvenue:
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Head Office
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Chennai
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Founders
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Gaurav Kumar
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Year of Foundation
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2017
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Total funding
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$226.7 Million
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CredAvenue, a debt marketplace that assists businesses and organizations in obtaining debt from lenders, announced on Sunday that it has joined the unicorn club as the fastest Indian fintech firm.
A $137 million Series B financing round for the two-year-old company was headed by Insight Partners, B Capital Group, and Dragoneer. According to the company, CredAvenue, which was founded by Vivriti Capital co-founder Gaurav Kumar, is now valued at $1.3 billion, up from $410 million in September last year.
Among the company's backers are Sequoia Capital India, Lightspeed Venture Partners, TVS Capital, Lightrock, Vivriti Capital, and Indian fintech CRED. So far, it has raised more than $227 million. When a firm seeks to raise capital, it faces a number of challenges, including a lack of interest rate transparency.
6. Mu Sigma:
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Head office
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Bangalore
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Founders
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Dhiraj Rajaram
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Year of Foundation
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2004
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Total Funding
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$211.4 Million
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Mu Sigma is a Big Analytics and decision Sciences Company. The company name consists of Mu i.e. “µ” and Sigma i.e. “σ”. The headquarter of Mu Sigma is in Bengaluru and it was founded by Dhiraj Rajaram who is a former strategy consultant. Mu Sigma received its first institutional investment of around $ 30 million in the year 2008. They work with approx. 140 fortune 500 companies. Moreover, they have currently 3500 Decision Scientists located worldwide. They have been honored as the preferred analytics Microsoft partner and also the recognized Supplier of the year for Walmart on 4 separate occasions. This is one of the Top 10 Profitable Indian Startups.
7. ShipRocket:
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Head Office
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New Delhi
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Founders
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Saahil Goel
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Year of foundation
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2012
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Total Funding
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$280 million
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Shiprocket is the only automated shipping solution for eCommerce in India. It gives you the choice of 17+ courier partners, tracking orders, print shipping labels. Moreover, it processes returns from an integrated dashboard. Shiprocket also offers negotiated freight prices with its top-rated shipping partners, such as FedEx, Bluedart, Delhivery, and Ecom Express, in addition to shipping automation. The prices start at Rs. 20/500g*, and you have a choice of delivery modes, including surface and air. Amazon, eBay, Magento, Opencart, Shiprocket 360, and over 6 more websites and marketplaces can all be combined. This is a Profitable Startups in India with various features.
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8. Infoedge:
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Head Office
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Noida
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Founders
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Sanjeev Bikhchandani
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Year of Foundation
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1995
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Total Funding
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$51 Million
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Infoedge was founded in 1995 which was initially replicates classified ads from the newspaper to its official website. After that in 1998, it launched Jeevansathi.com. Also, in the year 2005, it launched 99acres.com and in 2008 it launched Shiksha.com. In the year 2006 Info Edge changed into “Naukri and more than 70 percent of the company’s revenue in 2018 comes from the Naukri.com job portal. Infoedge was also the earliest investor in Zomato which was previously known as FoodieBay. Now it’s the leading company operating Naukri.com, 99acres.com, Jeevansathi.com, AmbitionBox.com, and Shiksha.com. This is one of the best profitable startups in India.
9. CoinSwitch
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Head Office
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Bengaluru
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Founders
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Govind Soni
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Year of Foundation
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2017
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Total Funding
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$300.6 Million
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CoinSwitch is India’s largest Crypto investing app and also a great place to work. It is also a new unicorn in India with the help of the two corporations Andreessen Horowitz and Coinbase Ventures which invested $260 million in this Bangalore-based startup. Moreover, TechCrunch also reported that both the companies are in talks to invest in an Indian startup with a $1.9 billion valuation. This is a 4-year-old company which had collected approx. $300 million in its total funding.
10. Lenskart:
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Head office
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New Delhi
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Founders
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Peyush Bansal
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Year of foundation
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2010
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Total Funding
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$ 1 billion
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Lenskart has secured $100 million (Rs 760 crore) in a new round from Alpha Wave Ventures, according to regulatory records. According to documents filed with the Registrar of Companies, Lenskart Solutions Pvt Ltd has approved a special resolution to sanction 36,41,646 Series I shares at an issue price of Rs 2087.52 per share by Alpha Wave Ventures to raise Rs 760 crore (RoC). In May of last year, Lenskart raised $95 million in a funding round led by private equity firm KKR & CO Inc. It became a unicorn after obtaining $275 million from SoftBank Vision Fund in December 2019. A unicorn is a company with a market capitalization of more than $1 billion. Steadview Capital, a Hong Kong-based hedge fund, and Epiq, a tech investment business, had previously invested in Lenskart. This was the last startup on the list of Top 10 Profitable Indian Startups.
Which is the most profitable startup in India?
1. Oxyzo
2. Amagi
3. Games24*7
4. MamaEarth
5. CredAvenue
6. Mu Sigma
7. ShipRocket
8. Infoedge
9. CoinSwitch
10. Lenskart
2. Amagi
3. Games24*7
4. MamaEarth
5. CredAvenue
6. Mu Sigma
7. ShipRocket
8. Infoedge
9. CoinSwitch
10. Lenskart
Which are the top 10 successful startups in India?
1. Oxyzo
2. Amagi
3. Games24*7
4. MamaEarth
5. CredAvenue
6. Mu Sigma
7. ShipRocket
8. Infoedge
9. CoinSwitch
10. Lenskart
2. Amagi
3. Games24*7
4. MamaEarth
5. CredAvenue
6. Mu Sigma
7. ShipRocket
8. Infoedge
9. CoinSwitch
10. Lenskart
Which type of startups are most profitable?
- Social Media Consulting
- Online Courses
- Logo design
- Delivery service
Which industry is most profitable?
Miscellaneous financial services, Laboratory analytical instruments, and Investment services are the most profitable.