As India’s startup ecosystem continues to thrive, the 2024 edition of LinkedIn’s Top Startups highlights the 20 emerging companies making waves in their respective industries. These startups are not just scaling rapidly but are also shaping the future of business with innovative solutions like instant electric vehicle (EV) battery swapping and salary-on-demand services. This list is built upon LinkedIn’s exclusive data across four key pillars: employee growth, jobseeker interest, internal engagement, and talent acquisition from Top Companies.
To qualify for this prestigious list, companies must be headquartered in India, fully independent, privately held, have a minimum of 50 full-time employees, and be no more than five years old. The startups on this list are redefining industries such as technology, finance, and transportation, making them the ones to watch in 2024.
Here’s a look at the top 10 Indian startups that are paving the way for the future:
1. Zepto
- Industry: Technology, Information, and Internet
- Headquarters: Mumbai
- Founded: 2021
- Employees: 2,613
India’s first unicorn of 2023, Zepto, is an e-grocery platform that is rapidly expanding across Indian cities. With a fresh $665 million in funding at a $3.6 billion valuation, Zepto is revolutionizing the grocery industry with quick deliveries and top-tier logistics solutions.
2. Sprinto
- Industry: Software Development
- Headquarters: Bengaluru
- Founded: 2019
- Employees: 240
Sprinto automates security compliance for fast-growing SaaS companies, making it easier to navigate privacy laws and security frameworks. The company’s expertise in simplifying compliance makes it a critical partner for tech firms globally.
3. Lucidity
- Industry: Software Development
- Headquarters: Bengaluru
- Founded: 2021
- Employees: 78
Focused on creating “smart storage” solutions, Lucidity helps businesses migrate to cloud storage, optimizing data management and storage through advanced cloud-native tools.
4. GrowthX
- Industry: Marketing and Education
- Headquarters: Pune
- Founded: 2021
- Employees: 50
GrowthX is building a powerful community of founders and professionals from product, marketing, and business backgrounds. Its exclusive membership platform offers curated learning experiences and supports professionals in achieving tangible outcomes in their careers.
5. Jar
- Industry: Financial Services
- Headquarters: Bengaluru
- Founded: 2021
- Employees: 316
Jar aims to encourage micro-savings with a unique “piggy bank” concept that allows users to invest in digital gold. The app also offers features like daily savings and instant loans, making saving easy and accessible for the masses.
6. Wiingy
- Industry: Internet Marketplace Platforms
- Headquarters: Bengaluru
- Founded: 2021
- Employees: 55
Wiingy is an online tutoring platform offering courses and tutorials in more than 100 subjects, from mathematics to computer science. Its growing network of 1,000+ tutors delivers personalized learning experiences to students across India.
7. SourceBae
- Industry: Internet Marketplace Platforms
- Headquarters: Indore
- Founded: 2019
- Employees: 52
SourceBae leverages artificial intelligence to streamline the hiring process for remote engineers. By using advanced AI for talent matching and candidate assessment, the platform ensures a seamless hiring process for tech companies.
8. BiofuelCircle
- Industry: Software Development
- Headquarters: Pune
- Founded: 2020
- Employees: 80
BiofuelCircle operates a marketplace and supply chain service focused on biomass and biofuel. Its platform connects businesses and simplifies the procurement and sales processes, contributing to sustainable energy practices in India.
9. Supersourcing
- Industry: Technology, Information, and Internet
- Headquarters: Indore
- Founded: 2020
- Employees: 126
Supersourcing offers an AI-powered recruitment platform for software developers, providing strategic hiring solutions for companies. From on-site to remote work models, Supersourcing supports various hiring needs across the tech industry.
10. Battery Smart
- Industry: Transportation and Logistics
- Headquarters: Gurugram
- Founded: 2019
- Employees: 426
Battery Smart is building a nationwide network of battery-swapping stations for electric two- and three-wheelers. With over 1,200 stations across 30 cities, its battery-as-a-solution approach is transforming how EV owners stay powered on the go.
End Note
These startups are not only contributing to the economic landscape but also introducing cutting-edge solutions across industries. From sustainable energy to next-gen financial services, these companies are creating a ripple effect that is sure to impact India’s future.
