Mumbai, previously known as Bombay, is the largest city in India and is fondly called as the city of dreams. Almost all the cities in India have start-ups and almost all the start-ups are unique in their own way. Here, through this article, we are trying to share insights about top startups in Mumbai.
Top 12 Startup Companies in Mumbai 2022
1. Pepperfry
Pepperfry was founded in 2011 in july month by Ambareesh Murty and Ashish Shah. It is one of the biggest names in the Indian E-Commerce Sector. It offers a variety of lifestyle products to consumers. However, Now the company has evolved into a seller of furniture and home décor products. They have created their own niche in the market. Pepperfry was initially funded by founders but they raised the amount of $100 million in the year 2015. The company raised $8 million in a series B funding round in 2013.
2. InCred
InCred Finance, a Non-Banking Finance Company, focuses on various types of loans such as education loans, Home loans, Consumer loans, etc. The company has headquarters in Mumbai, Maharashtra. The company was founded by Bhupinder Singh, ex-head of the Corporate Finance division of Deutsche Bank. InCred finance had acquired in the year 2015 the company named InstaPaisa.com. The company go the funding of Rs. 500 crore in a debt funding round from public sector banks and other financial institutions.
3. Haptik
Haptik was founded in august 2013. Haptik is the Business to Business (B2B) Chatbot solution for enterprises, founded by Aakrit Vaish and Swapan Rajdev. The company launched its first product which is the Haptik app in March 2014. The company had added 125 chat experts by September 2014. Reliance Industries Limited invested around $100 million claiming around 87 percent stake in the startup.
4. ClearTrip
ClearTrip, an online travel agency, is the platform that allows people to book the tickets. They give all the details about prices, location and such things on their website. The company has a good interface that is easily accessible from all the devices. The company was started in Mumbai, Maharashtra, and now has offices in Bangalore, Dubai, and Gurgaon. It was founded in July 2006 by Stuart Crighton, Hrush Bhatt, and Matthew Spacie. The company raised $56.4 in funding from Concur Technologies Inc., Gund Investment Corporation, and DAG Ventures.
5. Toppr
Over the time, e-learning platforms have become the most popular as they provide education at the best prices and also at the comfort of the house. Toppr is one of the popular e-learning platform. The company was founded in April 2013 by Zishaan Hayath and Hemnath Goteti. Both the founders are graduated from IIT Bombay. The company raised $65.1 million from the Alteria Capital and Milestone Trustee Services.
6. Nykka
Nykka is an Indian e-commerce website, which was founded in the year 2012. The company was founded by Falguni Nayar and is headquartered in Mumbai, Maharashtra. The company is the best seller in beauty, wellness and fashion products. The company became the first Indian unicorn startup headed by a woman. The company follows an inventory-based model. The warehouses are located in mumbai, new delhi, Pune, Haryana, Kolkata,and Bangalore.
Read More: Coverself, A SaaS startup in Healthcare Industry raises Funding
7. Fynd
Fynd is an Indian e-commerce company, which provides an omnichannel, online to the offline platform for fashion retailers. It was founded by Farooq Adam, Harsh Shah, and Sreeraman MG. In 2015, the company launched its mobile application for android and ios users and started fulfilling the orders through fashion stores. After that, they started a technology platform to manage the sales of merchants across multiple saleschannels.
8. Weddingz
Weddingz was founded in the year 2015 by Sandeep Lodha. In India, People invest a lot of money in weddings and take weddings very seriously. The company allows all the couples to search the best suitable wedding venues, rooms and every other importants things of wedding. It was designed to solve all the problems revolving around wedding services such as makeup artists, mehandi artists, caterers, decorators, cinematographers, wedding, etc.
9. Bookmyshow
Bookmyshow is a ticket booking platform for movies, parties and events. The company was founded in the year 1999 by Ashish Hemrajani, Parikshit Dar & Rajesh Balpande. The start up was acquired by OYO in the year 2018. it was initially known as Bigtree Entertainment pvt limited at the time of its inception. The company over the time has acquired seven start ups namely MastiTickets, Townscript, Burrp, and Nfusion, etc
10. OLA
OLA was founded in the year 2010 by Bhavish Agarwal & Ankit Bhatia. The company owns a food start-up namely, Foodpanda. The company was started in Mumbai, Maharashtra and now it is headquartered in Bangalore. The company also has its own e-wallet namely Olamoney. this makes it easier for the riders to pay for the services received from OLA. It is considered India’s 2nd most valuable startup. It is owned by ANI group of Technologies Pvt. Ltd.
11. Chillr
Chillr was founded in the year 2013 by Mohamed Galib, Sony Joy, Lishoy Bhaskaran & Anoop Sankar. The app of the company allows instant transactions from the bank account. Although, after the launch of UPI, Chillr has nothing new to offer to the customers in the Market but it has many banks as its partners. The app was listed in the ‘ App Store Best of 2015’
12 Faasos
Faasos was founded in the year 2011 by Jaydeep Barman and Kallol Banerjee. It is a food delivery service. It is operating in almost more than fifteen cities in India. The company promises to provide the best service to the customers by committing to pay Rs. 200 as a refund in case of late delivery.
Conclusion
Mumbai is an affluent city and has a lot of opportunities to offer young People. These above listed startups have been started in Mumbai, maharashtra. Mumbai has contributed a lot in Startup Indian Eco System as it has great connectivity with other countries and cities. Mumbai has a lot of prominent venture capital firms and this is making it easier for startups. These above listed startups are not the only startups of Mumbai but few of the most popular startups.
