In this article, we discuss the top 5 emerging companies in India. If you want to read our detailed analysis of the Indian startup culture and the outlook for the Indian economy in 2021 and beyond, go to Top 15 Emerging Companies In India.
5) Snapdeal
Indian e-commerce sector is bustling, and everyone is coming to get their share of the pie. Snapdeal is no other exception. Founded in 2010 as a daily discount website, Snapdeal has grown into a local eBay (NASDAQ: EBAY). After receiving initial funding from venture capitalists and eBay, Snapdeal has become a billion-dollar company valued at $5 billion. The company has, however, been investigated for labor issues as well as for allegedly selling pirated and counterfeit goods through its platform. Still, with an annual revenue grossing $130 million, Snapdeal’s future looks bright and it continues to serve as a reliable e-commerce platform for years to come.
4) BYJU
Currently valued at $11.1 billion, BYJU is an educational technology company that teaches students through its website and app using animation videos. Its founder, Byju Raveendran, started this company with his students back in 2011. Today, more than 40 million students across India learn from BYJU. BYJU offers courses for grades 1 to 12 as well as offers preparatory classes for competitive exams such as IIT, IAS, GRE, GMAT, etc. BYJU plans to launch its international version for English-speaking students.
3) ReNew Power
ReNew Power is the largest green energy producing company in India with stakes in wind and solar power generation. It develops, builds, owns, and operates renewable energy production facilities with the utility-scale wind, utility-scale solar, and rooftop solar projects. Hailed as a market leader in India for its innovation and industry practices, ReNew has been the recipient of several accolades including S&P Global Platts Global Rising Star Company of the Year. It was founded in 2012 and with preliminary funding from Goldman Sachs (NYSE: GS), it now employees 1300 people and has entered the ranks of Global Unicorns. The company has a current capacity of 8 GW.
2) Ola Cabs
Dubbed as Uber (NYSE: UBER) of India, Ola cab is a ride-sharing company that provides food delivery and vehicle-for-hire services. Its operation covers more than 5 international destinations including UK, Australia, and New Zealand. The company is valued at more than $6.5 billion and generates a profit of more than $300 million. Its network comprises more than 1.5 million registered drivers across the globe.
1) Paytm
Paytm is an online e-commerce payment system operated by One97 Communications. Currently, Paytm is valued around $16 billion. The company has big hedge funds and investors as its shareholders and backers, including Berkshire Hathaway (NYSE: BRK.A) and Alibaba Group. The company provides an online transaction facility in a manner similar to PayPal (NASDAQ: PYPL). Its payment system is being used by many platforms such as Uber and Indian Railways. Paytm also operates several malls which offer products ranging from electronic to fashion clothes.
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