In addition to IT startups, the startup ecosystem in Bangalore boasts a variety of other companies. Some examples of companies in this city include BlueStone, DailyRounds, ZoomCar, MoneyTap, Zivame, Groww, Zerodha, BYJU's, Cred, Razorpay, Khatabook, etc.
Listed below are some of the best startups in Bangalore. They have done a tremendous job in their niche, and most of them are expected to have a bright future.
Did you know?
Bangalore contains 67000 registered IT organisations, making this city among the biggest hub of Information Technology in India.
List of Startups in Bangalore
Bengaluru is the technological epicentre of India. Because of its status as India's main information technology (IT) centre, it is known as the Silicon Valley of India and the IT capital of India. Google Maps will show you one of the company's offices in Bangalore, whether it's a major corporation or a startup. Because of Bangalore's popularity among tech companies, it's more likely that the company's headquarters will appear. Bangalore has a significant role to play in India's inclusion on the list of desirable locations for incubators and the startup ecosystem around the world. Bangalore, according to a 2019 estimate, boasts the world's third-highest number of tech startups. Now let us see the most popular startups in Bangalore.
1. BlueStone: An E-commerce Startup
In the list of top startups in Bangalore, BlueStone is our first choice. In mid-2011, Vidya Nataraj and Gaurav Singh Kushwaha founded BlueStone Interactive. Before this, Vidya was a senior strategy consultant at Price Waterhouse Coopers India and had built Landmark Ltd, one of India's largest lifestyle retail brands, which TATA Trent later acquired.
Kushwaha, a graduate of IIT Delhi, co-founded Chakpak in 2007 and then worked for four years at Amazon and Tavant Technologies. After successfully launching its online store, BlueStone is now in a position to expand its sales network and increase its customer base.
The company's current revenue run rate is around ₹80-100 crores per year, and the company has grown 150% on a year-on-year basis. This growth rate is attributed to the fact that Indian consumers are more willing to buy jewellery online than they were a year ago. The e-commerce ecosystem has made consumers more trusting of the e-commerce sector. It also plans to open an offline store soon.
Bluestone is expanding its operations across India and has recently opened new stores in several cities. While it still has a long way before it reaches its full potential, it is making steady progress toward achieving its goals.
Also Read: Best Low-cost Business Ideas in Bangalore
2. DailyRounds: An Academic Network for Doctors
DailyRounds, an app that connects doctors in Bangalore, builds the next generation of exceptional physicians. The company recently raised nearly ₹3.85 crores in seed funding from Kae Capital and Teruhide Sato investors.
With the help of its daily news feed and quizzes, doctors can learn more about new research, clinical cases and how to improve patient care. The Daily Rounds app has a strong partner network, including Stanford University and the Harvard School of Medicine.
While digital learning solves an academic gap in medicine, it will not completely replace clinical rounds. Digital learning platforms, such as DailyRounds, will allow doctors to share information and publish images and articles from their clinical experiences.
The resulting knowledge repository will be a valuable resource for established doctors and students. Moreover, it will help doctors connect in their professional circles.
3. ShieldSquare: A Mobile-Based Payments Company
Among the top startups in Bangalore, MoneyOnMobile is the third choice. It's a payment platform backed by a Bangalore-based startup called ShieldSquare. Consumers can pay with their mobile phones by scanning barcodes on store receipts.
The company also uses high-frequency sound to validate the information in payments. In a two-month pilot, 24,000 transactions were made. The startup has since expanded to other countries, including the US, UK and a few in Europe.
The FintechLabs accelerator programme focuses on developing new financial products and solutions to provide easy access to finance for millions of people worldwide. Its flagship product LoanCircle delivers a one-stop solution for individuals and businesses to avail of loans at the best possible rates.
Other startups in the fintech space include Connect a Bank, a lead generation portal for financial products and AasaanPay, which provides mobile POS end-to-end solutions. Also, no matter which company you select for a startup, improve your communication skills.
4. UpGrad: An E-commerce Startup
This choice is among the top startup software companies in Bangalore. Based in Bangalore, UpGrad is a consumer-focused e-commerce company. The startup was founded by ex-media baron Mayank Kumar, Phalgun Kompalli and Ravijot Chugh and has raised ₹1427 crores from external investors.
The company is 100 % owned, making it capital-efficient and attractive to investors. In addition to Screwvala, UpGrad has also hired Rahul Karthikeyan as the head of digital marketing.
The company has grown to employ almost 500 people across the globe, and it has been listed on LinkedIn's list of the best Indian startups for the past two years.
Interested individuals can find remote jobs in Bangalore at this e-commerce startup, specialising in software development and has a large presence in the region. Another e-commerce startup in Bangalore is Udaan, which hires mostly management and offers remote jobs in Bangalore. A complicated arrangement of technologies powers the UpGrad website.
The website uses 111 technologies, which are distributed among 48 technology products. These technologies include jQuery, Google Analytics, HTML5 and iPhone mobile compatibility. The startup probably spends ₹772 lakhs on maintaining its website every year.
5. Fasal: A Water-Saving Startup
The startup's founders have a background in agriculture, as both of them worked for a tech company in Bengaluru. They discussed issues they saw on farms and decided to tackle them scientifically.
After a long research period, they finally decided to try farming in Himachal Pradesh. They began by researching the horticultural industry. They discovered that irrigation was a multi-faceted problem, requiring many variables to balance.
Fasal operates in several states with its full-stack offering, including Maharashtra, Madhya Pradesh, Tamil Nadu and Andhra Pradesh. They are currently working on other crops, including mango, tea, and coffee.
Shortly, the startup plans to expand to Southeast Asia. If all goes well, it will have expanded its service offerings across the country. The solution saves farmers 30 to 50 % in irrigation costs, and Fasal also claims to improve yields and quality by five to 10%.
The startup has already installed Fasal irrigation technology in Kuppam, the constituency of Andhra Pradesh Chief Minister N. Chandrababu Naidu, and Grover-Zampa, India's largest vineyard. It has reduced the water stress in the vineyard, and farmers are happy with the results.
The startup was founded in HSR, Bangalore, and has a seven-person team. The team works across various departments, including product development, R&D and AI/ML.
They plan to hire more data scientists and expand into more states. They are currently looking for a seed fund to help them continue their mission and make their ideas a reality. And shortly, they plan to launch in several other Indian states.
6. Foxmula: An Edtech Company
If you want to know the best startups in Bangalore for edtech, then Foxmula can be the best choice. The founders of Foxmula have developed an online learning platform aimed at higher education and have created a curriculum for students that tests their calling.
The company's educational programs are based on cutting-edge domains, resulting in advanced careers and promoting brain function. Aspirants in the digital era can take advantage of the technology, and the company is based in Bangalore.
The company is headed by Ayush Bansal and Shubham Sharda and was founded in 2009. Both are batch mates from MSRIT and the Ramaiah Institute of Technology (MSRIT). The two co-founders were inspired by their respective mentors, who responded to their learners' unique learning needs. These mentors also addressed their curiosity, which increased their interest in a particular field.
Ayush Bansal and Shubham Sharda were college classmates who came up with the idea for Foxmula during their third years of engineering. The two men developed the concept and set it in a team setting, considering every last detail.
The two co-founders of Foxmula are a young couple from the city who were originally from the same demographic as their target customers. They decided to start an edtech company to help these students learn. This innovative education platform has been built using WAVE technology, which creates a real-time virtual learning environment. The team also works on games for mobile and online play.
Also Read: Know All About Unicorn Startups in India
The founders, Anand Prakash and Vamsi Krishna Pulkit Jain, founded Vedantu in 2014 with an already-existing passion for mentoring. Contrary to most Bangalore startup companies, Vedantu aimed to offer live online classes taught by the most experienced teachers in real-time.
It was initially created for students in classes 6-12 and to prepare for entrance exams. It now offers live streaming to students in classes 1-12 and for preparation for NEET and JEE.
So what happens if you're a woman? With the launch of Zivame in 2011, Richa Kar dispelled all myths concerning women not being entrepreneurs. There are a lot of startups located in Bangalore Zivame was the initiative to change the Indian lingerie industry through its online store.
Kar spent several years working in IT and management of retail areas before moving into the startup world. The company's vision is to allow women to shop for intimate clothes without fear and defy conventional rules.
An IIT Roorkee alumni startup, Razorpay, was founded by Shashank Kumar and Harshil Mathur in 2013 in Bangalore. The fintech company has revolutionised online payment with easy integration and user-friendly APIs. A few years ago, the Bangalore-based startup was the first and only integrated payments company.
Meesho boasts of the world's top reselling app. Also, Meesho means My Shop, and Vidit Aatrey and Sanjeev Brahmwal established it in 2015. The Bangalore-based startup company hopes to offer a virtual store for entrepreneurs looking to start their businesses. Meesho now has hundreds of sellers across 700 towns/cities across India.
Meesho's ingenious selling methods were why it attracted the giant of social media, Facebook's focus. It's no wonder that it was recognised as being the very first Indian company to receive the support of Facebook.
This was the list of top startups in Bangalore. These success stories can inspire many entrepreneurs to put effort into converting dreams into reality. Business handling mostly depends on the budget, profit and loss.
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