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Here are the top 10 highest-funded startups in India

Updated : May 29, 2019 04:39 PM IST

Food delivery service Swiggy was the highest-funded startup in India in 2018, collecting $1.31 billion in three financing rounds. Tencent, DST Globe, and Naspers, Meituan-Dianping and Hillhouse Capital were among the backers. Swiggy is joining delivery ventures UberEats, Zomato (also in the top 10) and Foodpanda in a well-funded portion of the Indian startup market. With more players in the segment, market consolidation is becoming more likely. The startups second and third on the list deal in hotels (Oyo) and online education (Byju's) and the rest of the bunch is also an eclectic mix of different industry segments. Chinese ecommerce giant Alibaba is dabbling in the Indian market, backing Paytm Mall and Zomato, while Japanese player Softbank is bankrolling Oyo and the majority of the Paytm Mall account. Paypal stayed in their lane and invested into fintech startup Pine Labs. 2018 funding turned Udaan and Cure Fit into unicorns. Both ventures were built by former Flipkart executives, pointing to a new era in the Indian startup circuit where more experience founders are moving on to new ventures.

Source: Statista

10. Cure Fit, Healthcare: Funds Raised: $130 million. Cure.fit is a mobile app that takes a holistic approach towards health and fitness by bringing together all aspects of a healthy lifestyle on a single platform. Cure.fit offers both online and offline experiences across fitness, nutrition, and mental wellbeing through its four products, i.e, cult.fit, eat.fit, mind.fit and care.fit. (Image: Company)
10. Cure Fit, Healthcare: Funds Raised: $130 million. Cure.fit is a mobile app that takes a holistic approach towards health and fitness by bringing together all aspects of a healthy lifestyle on a single platform. Cure.fit offers both online and offline experiences across fitness, nutrition, and mental wellbeing through its four products, i.e, cult.fit, eat.fit, mind.fit and care.fit. (Image: Company)
9. Grey Orange, Robotics: Funds Raised: $140 million. GreyOrange is a multinational technology company that designs, manufactures and deploys advanced robotics systems for automation in warehouses, distribution and fulfillment centers. The company is headquartered in Singapore with offices in India, Japan, Germany and the US, and three state-of-the-art research and development centres in the US, Singapore, and India. (Image: Company)
9. Grey Orange, Robotics: Funds Raised: $140 million. GreyOrange is a multinational technology company that designs, manufactures and deploys advanced robotics systems for automation in warehouses, distribution and fulfillment centers. The company is headquartered in Singapore with offices in India, Japan, Germany and the US, and three state-of-the-art research and development centres in the US, Singapore, and India. (Image: Company)
8. PolicyBazaar, Online Insurance: Funds Raised: $200 million. PolicyBazaar is an online insurance platform that helps its customers compare different products available on its platform and helps them choose the appropriate one. (Image: Stock Image)
8. PolicyBazaar, Online Insurance: Funds Raised: $200 million. PolicyBazaar is an online insurance platform that helps its customers compare different products available on its platform and helps them choose the appropriate one. (Image: Stock Image)
7. Pine Labs, Fintech: Funds Raised: $207 million. Pine Labs, with its cloud-based, unified point-of-sale (POS) platform, focuses on creating a product and services platform that widens access, accelerates commerce and automation for merchants in local markets. The company has a presence in 3,700 cities and towns across India and Malaysia and other parts of Asia. (Image: Company)
7. Pine Labs, Fintech: Funds Raised: $207 million. Pine Labs, with its cloud-based, unified point-of-sale (POS) platform, focuses on creating a product and services platform that widens access, accelerates commerce and automation for merchants in local markets. The company has a presence in 3,700 cities and towns across India and Malaysia and other parts of Asia. (Image: Company)
6. Udaan, Ecommerce: Funds Raised: $275 million. Udaan is a network-centric B2B trade platform, designed specifically for small and medium businesses in India. It brings traders, wholesalers, retailers and manufacturers in India on to a single platform. With Udaan, traders can reach out to more than 1,50,000+ buyers and sellers from 29 states across the country. (Image: Company)
6. Udaan, Ecommerce: Funds Raised: $275 million. Udaan is a network-centric B2B trade platform, designed specifically for small and medium businesses in India. It brings traders, wholesalers, retailers and manufacturers in India on to a single platform. With Udaan, traders can reach out to more than 1,50,000+ buyers and sellers from 29 states across the country. (Image: Company)
5. Zomato, Food Delivery Service: Funds Raised: $410 million. The food delivery app gathers information from every restaurant on a regular basis for its customers around the world. The widely used app helps customers choose a restaurant of their choice from the reviews and photos shared on the platform by a vast community of food lovers. (Image: Reuters)
5. Zomato, Food Delivery Service: Funds Raised: $410 million. The food delivery app gathers information from every restaurant on a regular basis for its customers around the world. The widely used app helps customers choose a restaurant of their choice from the reviews and photos shared on the platform by a vast community of food lovers. (Image: Reuters)
4. Paytm Mall, Ecommerce: Funds Raised: $445 million. An extension of the fintech app Paytm, the Paytm Mall is an ecommerce platform that offers a wide variety of shopping options to its customers. (Image: Reuters)
4. Paytm Mall, Ecommerce: Funds Raised: $445 million. An extension of the fintech app Paytm, the Paytm Mall is an ecommerce platform that offers a wide variety of shopping options to its customers. (Image: Reuters)
3. BYJU's, Online Education: Funds Raised: $540 million. BYJU’S - The Learning App is the popular brand name for Think and Learn Private Ltd., a Bengaluru-based educational technology (edutech) and online tutoring firm founded in 2011 by Byju Raveendran. In March 2019, it was the world’s most valued edutech company at $5.4 billion (Rs 37,000 crore). Launched in August 2015, it serves visual and personalised educational content mainly to school students from classes 4 to 12. Besides, the company trains students for competitive examinations in India such as IIT-JEE, NEET, CAT, Civil Services as well as for international examinations such as GRE and GMAT. (Image: Company)
3. BYJU's, Online Education: Funds Raised: $540 million. BYJU’S - The Learning App is the popular brand name for Think and Learn Private Ltd., a Bengaluru-based educational technology (edutech) and online tutoring firm founded in 2011 by Byju Raveendran. In March 2019, it was the world’s most valued edutech company at $5.4 billion (Rs 37,000 crore). Launched in August 2015, it serves visual and personalised educational content mainly to school students from classes 4 to 12. Besides, the company trains students for competitive examinations in India such as IIT-JEE, NEET, CAT, Civil Services as well as for international examinations such as GRE and GMAT. (Image: Company)
2. Oyo Hotels and Homes: Funds Raised: $1 billion. Oravel Stays Private Limited, trading as Oyo, is India's largest hospitality company, consisting mainly of budget hotels. It was founded in 2013 by Ritesh Agarwal and has since grown to over 230 cities in India. On May 27, Agarwal said that Oyo has become the sixth largest hotel group in the world by capacity, at Skift Forum.
2. Oyo Hotels and Homes: Funds Raised: $1 billion. Oravel Stays Private Limited, trading as Oyo, is India's largest hospitality company, consisting mainly of budget hotels. It was founded in 2013 by Ritesh Agarwal and has since grown to over 230 cities in India. On May 27, Agarwal said that Oyo has become the sixth largest hotel group in the world by capacity, at Skift Forum.
1. Swiggy, Food Delivery Service: Funds Raised: $1.31 billion. An initiative that started in 2014 with just a few restaurants on board limited to Koramangala in Bengaluru, Swiggy is now India’s leading food ordering and delivery platform. Starting off with just two neighbourhoods in Bengaluru, Swiggy is now present in over 60 locations pan India with more than 50,000 restaurant partners. (Image: Company)
1. Swiggy, Food Delivery Service: Funds Raised: $1.31 billion. An initiative that started in 2014 with just a few restaurants on board limited to Koramangala in Bengaluru, Swiggy is now India’s leading food ordering and delivery platform. Starting off with just two neighbourhoods in Bengaluru, Swiggy is now present in over 60 locations pan India with more than 50,000 restaurant partners. (Image: Company)
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