By FMTeam Just a decade ago, there used to be only a few hundred startups in India, but look at the startup scene now, it is just amazing to look at. Some small startups even went on to become the unicorn businesses of India, we all witnessed that, right? And that’s still the case because there are a lot of startups that are literally growing super fast and making India proud on a global stage. That’s the very reason why we are here to take a good look at the top 10 fastest-growing startups in India as of 2024. So yes, let’s have a look, shall we?
1. Zepto
Imagine having groceries delivered faster than anything else, like just in a few minutes or so, and your browsers are there right in front of you, sounds like a sci-fi thing, right? Nah, Zepto has made it literally a reality. That’s exactly what Aadit Palicha and Kaivalya Vohra’s 2021 startup Zepto worked on and now it’s nearly perfect. Early in their twenties, these young entrepreneurs saw a chance during the COVID-19 lockdowns when regular grocery stores closed and online delivery systems were delayed. Zepto swooped in promising ten-minute supermarket deliveries! With operations in seven main cities and an astounding $665 million in capital, Zepto is headed rapidly toward even further expansion, you know?
2. BluSmart
You may be hearing a lot about BluSmart in the headlines recently, right? Well, that’s for some very good reasons actually, you see, established in 2018 by Punit Goyal and Anmol Singh Jaggi, this business with its electric ride-hailing platform is revolutionizing urban mobility, and that’s RIGHT NOW. Think Uber, but, green and neat. BluSmart leases its fleet instead of owning it so it may grow without running afoul of expenses. To address the EV infrastructure issue, they even built their own charging stations. BluSmart is fast headed toward a sustainable future with $487 million raised and expansion ambitions headed for Dubai.
3. Ditto Insurance
Right now, insurance can be somewhat complicated. But that’s not the case when you are a customer of Ditto Insurance. Originally started by the people behind Finshots, Ditto seeks to demystify the insurance purchase process. They cut through the jargon to give you objective, simple counsel that will guide your decisions. Ditto’s advisers provide individualized assistance, unlike demanding brokers, thereby guaranteeing great customer happiness overall. Supported by Zerodha, this business aims to simplify and make available insurance.
4. Pocket FM
Although long commutes can be a pain, Pocket FM offers the perfect antidote: serialized audio, you know? Originally started in 2018 by Rohan Nayak, Nishanth, and Prateek, Pocket FM provides inspiring self-help as well as engaging fiction. Called the “Netflix for Audio,” their daily updates and changing library for sure excite hundreds and thousands of listeners. Though, now, Pocket FM is changing audio entertainment with a $196.5 million overall budget and an expanding worldwide audience.
5. Skyroot Aerospace
Actually, Skyroot Aerospace is aiming skyward. That’s the simplest way to put it. Established in 2018 by former ISRO engineers Pawan Kumar Chandana and Naga Bharath Daka, this firm is the response to SpaceX from India. And yes, because of them, the launch of Vikram-S, India’s first privately developed rocket, marked history. All in all, Skyroot is poised to make space more approachable with new propulsion systems and a $95 million war fund.
6. GoKwik
GoKwik is ensuring none of the carts are left behind as e-commerce is exploding, you know? Started in 2020 by Chirag Taneja, Ankush Talwar, and Vivek Bajpai, GoKwik uses smart tech solutions to address payment issues and abandoned carts. They enable e-commerce companies to maximize their sales by leveraging data science and artificial intelligence, that’s what they do. As of July 2024, GoKwik is on a roll having over 80 million consumers served and more than $1 billion in GMV enabled.
7. Fi
If you use the internet in India, then you may have already seen the ads put out there by Fi, right? Yes, we are talking about that Fi card which was a perfect solution for many, especially the students. Originally developed by Sujith Narayanan and Sumit Gwalani, former Google Pay executives, Fi is a millennial and Gen Z personal finance app. For those who don’t know, you see, it offers one elegant bundle including loans, savings, and investments. Fi simplifies financial management with tools including automatic savings and goal-based investments.
8. Sprinto
Though compliance can be a nightmare, Sprinto is here to make it a dream. Originally started in 2020 by Girish Redekar and Raghu Challa, Sprinto automates tech company security compliance. From SOC 2 to GDPR, Sprinto’s platform manages it all so companies may concentrate on expansion. And now, having Series B money of $20 million, they are stretching the limits of artificial intelligence and intelligent automation.
9. Supersourcing
While it can be difficult, finding excellent remote engineers is not with Supersourcing, not at all. Launched in 2020 by Mayank Pratap Singh and Aditi Chaurasia, this Indore-based startup matches companies with screened remote IT expertise using artificial intelligence. Right now though, their amazing clientele consists of over 500 businesses and 28 unicorns. With a 20% month-on-month increase rate, Supersourcing is changing the remote hiring scene to reach a $3 million ARR, you know? All in all, whether your company is a giant or a startup, they have the talent you need.
10. Growth School
Last on the list, established by Vaibhav Sisinty in 2021, GrowthSchool provides industry professionals’ taught cohort-based learning opportunities. From business to marketing, their classes combine theory with useful knowledge. All in all, the cohort model promotes deep involvement and teamwork, therefore transforming learning from a passive to an active process, you know? And yes, it was a growing list of excellent teachers and strong funding that helped GrowthSchool to rapidly become popular in the edtech scene.
Conclusion
That’s all for now. Though, keep in mind one thing, this list is literally ever-changing, but why exactly? Well, in this startup growth race, there are a lot of startups that continuously surpass one another in the growth rate, and that happens every single year. So yes, keep returning to this post because we will keep you posted with the updates.