Thanks to the abundance of skilled professionals and the government’s push to the business scope in varied spaces, India is currently bustling with tech startups popping from every nook and corner of the nation. To establish their organization, youngsters are coming up with some ideas to have Startups in Mumbai. No doubt the most preferred choice for setting up tech firms in Bengaluru, thanks to its flourishing corporate culture, but Mumbai has grabbed a significant amount of prominence. It is mainly because of its high-end lifestyle, mushrooming investor focus, and intellectual background.
Pranay Chulet established the startup back in 2008, and it is one of the most successful Startups in Mumbai. Ideally, it is an online classified advertising platform that is now headquartered in Bangalore. From investors such as Tiger Global Management, Matrix Partners, Norwest Venture Partners, eBay, Nokia Growth Partners, it has raised $350 million.
The in the Indian e-commerce sector, Pepperfry is one of the biggest names. Ambareesh Murty and Ashish Shah established it back in 2012. It becomes a household name in most of India’s big cities as the company sells furniture and home décor products, creating its own niche in the market. Back in 2015, the company managed to raise $100 but was initially funded by the founders themselves.
Bhavish Aggarwal and Ankit Bhati founded India’s most favorite ride-hailing startup back in 2010. The company is India’s 2nd most valuable startup as it has reached the $6.2 billion valuation mark. Matrix Partners India and Tiger Global helped the company independently raised INR 400 crore besides other investors.
For students preparing for various entrance exams, the adaptive test preparation platform is a boon, and it is scaling up quickly, expanding the geographical footprint. In 2013, Zishaan Hayath had founded the platform, and it has seen 2x growth in the last 12 months. SAIF Partners gave the company $2 million seed funding.
One of the Startups in Mumbai, which the entire nation knows about, and it is also India’s largest online entertainment ticketing brand. On their website, people can easily buy movie and show’ tickets. The startup has helped less famous theatres and their artists to enhance their audience. Besides that, the company also promotes films and shows on their website, which helps in earning fantastic revenue for them. In 1999 Ashish Hemrajani, Parikshit Dar, and Rajesh Balpande founded the platform.
An online platform that allows travelers to book anything from flights to hotels as it is travelers book anything from flights to hotels. The company now has offices in Bangalore, Gurgaon, and Dubai, too, even though the startup started in Mumbai. Besides B2C services, Cleartrip offer B2B services like a corporate travel management tool. In 2006, Stuart Crighton, Matthew Spacie, and Hrush Bhatt founded the company. DAG Ventures and Gund Investment Corporation have helped the company raise a total of $56.4 million of funding.
A freemium music streaming service, Saavn is offered songs in Hindi, English, and other languages, and it mainly works on the freemium model. There are ds and some limitations with the free version, while, in the paid version, there will be better streaming quality and a plethora of other features. Rishi Malhotra, Vinodh Bhat, and Paramdeep Singh founded the startup back in 2006.
From the list of entrepreneurs in Mumbai, Nykaa is one of the tops. The e-commerce website provides all types of beauty and wellness products from all the leading brands, including Lakmé, Kaya Skin Clinic, L’Oréal Paris, M.A.C, Bobbi Brown, Clinique, Estee Lauder, etc. the company mainly depends upon inventory–led model having inventory spaces in Delhi, Mumbai, and Bengaluru. Back in 2012, the company was founded by Falguni Nayar, and she is a former managing director of Kotak Mahindra Capital Company. In 2017, the company launched its collection of in-house beauty products.
People move from small towns and districts to big cities with growing economic opportunities, and people require accommodation. The main agenda of the platform helps find a PG and a house where they can stay while working or studying in the city or rent an apartment. With only two months, security deposit made the platform unique as they provided fully furnished sharing or private homes. In 2013, Prateek Shukla and Pankhuri Shrivastava founded the startup. For $10 million, in 2016, Quikr acquired Grabhouse.
It is one of the unique Startups in Mumbai as the marketplace platform features interactive maps that allow the visitors to understand the real estate market. On the website, people can get an enormous option of property, and also to make the deal, and they can connect with the owner. In 2012, the company was launched, and it claims to have at least 6,000 brokers with 1500 employees having 45 cities. Rahul Yadav is the founder of the platform.
One of the world’s largest destination for wedding marketing in India. With the same mindset, Weddingz was established to make it easier to choose the wedding venue online. The couples can choose to book a venue, rooms, and some related items online quickly and fast. Sandeep Lodha founded the company. In 2018, OYO acquired the company.
To empower individuals and NGOs, ImpactGuru provides complete crowdfunding solutions. For medical emergencies, personal needs, creative projects, or any social cause, the enterprises can raise funds. Additionally, the app is the first crowdfunding platform in India that has launched a smartphone app. Piyush Jain and Khushboo Jain founded the company, and from investors, it has launched a total of $2.5 million. From 2 lac donors, at least 20,000 patients have benefited.
These are some of the amazing. Startups in Mumbai you must read about. The city is the financial hub of India. It is globally one of the wealthiest cities having some financial institutions, including Bombay Stock Exchange, RBI, National Stock Exchange, etc.
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Business Talk is a digital business magazine that caters to CEOs, Entrepreneurs, VC, and Corporates. While working with entrepreneurs and business executives, we focus not only on their achievements. Our mission is to shed light on business entities, including their innovations, technological benchmarks, USPs, and milestones/accolades.
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