Emerging startup companies in India: Global Data reports that from January to August 2024, startups have secured a total of USD 7.5 billion in venture capital investment.
LinkedIn Emerging Indian Startups 2024 List: Launched by the Government of India(GOI) on January 16, 2016, the Startup India initiative aims to nurture an ecosystem for innovation and startups while fostering investments in the country’s startup ecosystem.
In 2018, India solidified its position as the world’s third-largest startup ecosystem, showcasing a significant annual growth rate of 15%. Moreover, the Department for Promotion of Industry and Internal Trade (DPIIT) has noted an 11% increase in the quantity of incubators and accelerators.
By 2030-31, $7 trillion is the expected GDP of India as compared to $3.6 trillion in fiscal 2023-24. Moreover, according to S & P Global Market Intelligence, by the year 2030, India is anticipated to become the third-largest economy in the world.
The seventh annual list of the best startups in India has been released by LinkedIn, with emerging companies being identified based on its data. The leading startup cities in India were found to be Bengaluru and Mumbai. Notably, a place in the top 50 Startup cities globally has also been earned by Bengaluru and Mumbai.
Top 10 Emerging Startup in India 2024
In 2023, a billion-dollar valuation in less than a year was achieved by Zepto, an e-grocery startup, making it the first startup in the country to do so, and is currently known as LinkedIn’s top Indian startup of 2024.
The other noteworthy fact is that the two founders of Zepto, Kaivalya Vohra & Aadit Palicha, have been featured in the list of India’s youngest billionaires with net worths of INR 3,600 crore and INR 4,300 crore, respectively.
According to the annual list by LinkedIn, the top Indian emerging startup for 2024 are experiencing rapid growth by attracting interest from investors and job seekers, along with developing innovative solutions, thus influencing the future of their industries.
Presented are the leading 10 emerging startup companies in India, for the year 2024
| Rank | Company | Industry | Headquarters | Year Founded |
|---|---|---|---|---|
| 1 | Zepto | Technology, Information, and the Internet | Mumbai, India | 2021 |
| 2 | Sprinto | Software Development | Bengaluru, India | 2019 |
| 3 | Lucidity | Software Development | Bengaluru, India | 2021 |
| 4 | GrowthX | Social Networking Platforms | Pune, India | 2021 |
| 5 | Jar | Financial Services | Bengaluru, India | 2021 |
| 6 | Wiingy | Internet Marketplace Platforms | Bengaluru, India | 2021 |
| 7 | SourceBae | Internet Marketplace Platforms | Indore, India | 2019 |
| 8 | BiofuelCircle | Software Development | Pune, India | 2020 |
| 9 | Supersourcing | Technology, Information, and the Internet | Indore, India | 2020 |
| 10 | Battery Smart | Transportation, Logistics, Supply Chain and Storage | Gurugram, India | 2019 |
