founded in: 2015
founded by: Siddharth Shah, Dharmil Sheth, Dhaval Shah, Harsh Parekh and Hardik Dedhia
based in: Mumbai
Major Investors: Prosus Ventures, Temasek, B Capital, Tiger Global, TPG, Oreos Venture Partners
What it does: PharmEasy, powered by API Holdings, offers drug delivery, diagnostic services and online doctor consultations apart from being a business-to-business (B2B) pharma distribution vertical. It is on an acquisition spree to grow its non-drug delivery business with acquisitions such as pathology chain Thyrocare and hospital supply chain startup Aknam. The number of doctors and pharmacists on its platform has doubled in the last one year.
Also read tech news of the day
more tech
founded in: 2012
founded by: Falguni Nayar and Adwaita Nayar
based in: Mumbai
Major Investors: Fidelity, TPG Growth, TVS Capital, Steadview Capital, Lighthouse
What it does: Nykaa, an omni-channel beauty and personal care products retailer, filed for an IPO later this year. It will be the first profitable unicorn ecommerce firm to go for listing in India. Nykaa’s Gross Merchandise Value (GMV) grew by more than 50% to about Rs 4,046 crore in FY21. Strong growth is expected in the current financial year as well.
byju’s
more tech
founded in: 2011
founded by: Byju Raveendran and Divya Gokulnath
based in: Bangalore
Major Investors: Blackstone, ADQ, B Capital, Sequoia Capital, UBS Group
What it does: Byju’s is India’s largest online education firm as well as the most valuable startup with $16.5 billion. It has seen cumulative downloads of over 100 million, of which 6.5 million are paid subscribers. It has spent more than $2 billion on acquisitions this year. The startup is expanding aggressively in the United States and other global markets.
more tech
founded in: 2010
founded by: Deepinder Goyal and Pankaj Chaddah
based in: Gurugram
Major Investors: Info Edge, Ant Group, Tiger Global, Sequoia Capital, Temasek
What it does: Zomato is one of the leading online food delivery firms and has become the first major consumer internet startup to go public in India this year, setting the stage for a whole bunch of companies in the domestic IPO market. Its other businesses include booking tables for eating out, fresh supplies at the restaurant, and a customer loyalty program.
more tech
founded in: 2011
founded by: Ritesh Arora and Nakul Agarwal
based in: Mumbai
Major Investors: Accel, Bond Capital, Insight Partners, The White Rabbit
What it does: BrowserStack provides a subscription-based web and mobile app testing platform. The startup was bootstrapped until 2018 when it first raised venture funding from Accel. Earlier this year, it raised more than $200 million and was valued at $4 billion. It eventually wants to do an IPO but currently aims to be the largest testing platform in the world with 50% market share.