India’s startup industry is expanding faster than we could have predicted. They are now paving the way for India’s future.
Many of our problems have been solved thanks to these profitable startups in India. Along with this, they have made significant progress themselves. Startups in India are now generating significant revenue and seeing an increase in valuation.
The last two years have been a roller coaster ride. During the pandemic, many businesses struggled to keep up. Many, on the other hand, became the most profitable startup in India.
Startups like Byjus, Zerodha, Zoho, Chai Sutta Bar, and many more did really well for themselves as well as for the country. The Indian startup industry has expanded like never before in the last two years.
Here are some profitable Startups in India:
- Nykaa
Falguni Nayar founded an Indian e-commerce platform in 2012 named Nykaa. The company sells its products through three channels: the website, the app, and physical stores. It sells a wide range of beauty, wellness, and fashion items.
In 2020, Nayar’s company becomes the first Indian unicorn startup led by a woman. It has also announced revenue of INR 3,773 crores for the fiscal year 2022.
2. BYJU’s
BYJU’s is one of the most popular and profitable startups in India. It is a global ed-tech startup that was founded in India in 2011. The platform is known for providing students all over the world with adaptive, engaging, and effective learning solutions.
As of FY 2022, the startup BYJU’s had revenue of INR 3039.4 crores.
3. OYO
OYO is a multinational Indian online travel agency for homes and hotels. It was established in 2012. The OYO platform provides hotel rooms at low prices throughout South Asia. It also provides services such as complimentary breakfast, holiday packages, rewards, and so on.
People’s travel experiences have become more convenient and affordable thanks to the platform. In 2021, it has generated INR 4,157 crores as revenue.
4. Pharmeasy
It is an Indian online drug delivery startup that was founded in 2014 and became one of the most profitable startups in India. The Pharmeasy application sells medicine and healthcare products while also connecting users with local medical stores and diagnostic centres to meet their medical needs.
Pharmeasy improves the pharmaceutical supply chain by digitising the entire process. In FY21, its revenue is INR 2,360 crores.
5. Zomato
It is an online food ordering and delivery service that was founded in 2008. From menus to reviews, the platform gives you all the information you need about its partnered restaurants and delivers delicious food to your door.
It was the first Indian startup to list on the stock exchange. With a revenue of INR 4192.4 crores in the Fiscal Year 2022, the Zomato Unicorn is considered one of India’s most profitable startups. It has also announced a gross order value of INR 5,500 crores for the third fiscal quarter of 2022.
Conclusion
India is a fantastic base camp from which to conquer the world for businesses seeking exponential growth. Indian startups are setting the standard in a variety of fields, most notably technology. India also has the world’s third-largest startup ecosystem, with over 100 unicorns.