According to LinkedIn, these are the top 10 emerging startups in India in 2024.
India's top emerging companies were highlighted in LinkedIn's seventh annual list of top startups for the country, based on data from the professional social-networking site.
The report emerges during a thriving entrepreneurial climate. Specifically, India ranks third globally in terms of its startup ecosystem, as stated on the Startup India government website.
According to an August report from the Lee Kuan Yew School of Public Policy at the National University of Singapore, as of 2022, India had the second-highest number of unicorns, surpassing China in 2020.
The number of startups in India increased by 71.5% from approximately 20,000 startups in 2021 to over 34,000 startups in 2023, according to the report.
The list was created by analyzing LinkedIn data from a one-year period, which included tracking employment growth, engagement, and interest in jobs among top talent. Only companies based in India, with no parent company, were privately held, had at least 50 full-time employees, and were no more than 5 years old were included in the list.
These are the top 10 emerging startups in India, according to LinkedIn:
1. Zepto
Industry: Technology, information and internet
Headquarters: Mumbai, India
Full-time headcount: 2,500+
Most common skills: Third-party logistics, cataloging, inventory management
Most common job titles: Software engineer, business operations manager, category manager
2. Sprinto
Industry: Software development
Headquarters: Bengaluru, India
Full-time headcount: 200+
Most common skills: Lead generation, account management
Some common job titles include full stack engineer, customer experience manager, and business development representative.
3. Lucidity
Industry: Software development
Headquarters: Bengaluru, India
Full-time headcount: 70+
Most common skills: Data structures, lead generation, Java
Most common job titles: Software engineer, cloud consultant
4. GrowthX
Industry: Social networking platforms
Headquarters: Pune, India
Full-time headcount: 50+
Most common skills: Video editing, content strategy, market research
Most common job titles: Software engineer, curriculum developer, video editor
5. Jar
Industry: Financial services
Headquarters: Bengaluru, India
Full-time headcount: 300+
The most common skills are design thinking, critical thinking, and proficiency in Kotlin (a programming language).
Most common job titles: Software engineer, product manager, mobile application developer
6. Wiingy
Industry: Internet marketplace platforms
Headquarters: Bengaluru, India
Full-time headcount: 50+
Most common skills: Teaching, e-learning, critical thinking
Most common job titles: Teacher, technical support representative, mathematics tutor
7. SourceBae
Industry: Internet marketplace platforms
Headquarters: Indore, India
Full-time headcount: 50+
The most common skills in the field of human resources include Bootstrap (Framework), screening, negotiation, and other related tasks.
Most common job titles: Web developer, software engineer, talent acquisition specialist
8. BiofuelCircle
Industry: Software development
Headquarters: Pune, India
Full-time headcount: 50+
Most common skills: Customer relationship management, business analysis, digital marketing
Most common job titles: Business development manager, sales executive
9. Supersourcing
Industry: Technology, information and internet
Headquarters: Indore, India
Full-time headcount: 100+
Most common skills: Recruiting, Bootstrap (Framework), human resources
Most common job titles: Software engineer, talent acquisition specialist, product manager
10. Battery Smart
Industry: Transportation, logistics, supply chain and storage
Headquarters: Gurugram, India
Full-time headcount: 400+
Most common skills: Third-party logistics, negotiation, operations management
Most common job titles: Business operations manager, software engineer, sales executive
According to Nirajita Banerjee, head of editorial for LinkedIn India and career expert, the software and tech sector continues to dominate the startup scene, as evidenced by the fact that "most of the startups in the top 10 are in this space." Banerjee specifically mentioned companies such as Zepto, Sprinto, and Lucidity, which all landed in the top three.
According to a report released on Wednesday, these companies are not only expanding rapidly and attracting investors and job seekers, but they are also developing groundbreaking solutions that are transforming the future of their respective industries.
This year, four of the top 10 startups are based in Bengaluru, further solidifying the city's reputation as a global hub for startups.
Banerjee stated that while Bengaluru remains India's "Silicon Valley," there is a growing diversification with startups emerging from Tier 2 cities such as Indore and Pune.
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