The Economy of Bangalore is an important part of the economy of India as a whole and contributes over 87% to the Economy of the State of Karnataka, accounting for 98% of the Software Exports of the State. Earliest start-ups that flourished in the city in the 90s are multi-billion-dollar market capitalized companies on global stock exchanges like Infosys, Wipro Technologies, Mindtree being popular ones and smaller ones include Teja’s Networks and so on.
On the real estate edge, Several Venture Capital funded start-ups like housing.com, nest away, commonfloor.com (acquired by the Unicorn, Quikr) are disrupting the rental marketplace in India. Several listed real estate brands have their origins in the city like Prestige Developers, Brigade Enterprises, Total Environment and Sobha Developers.
With the pleasant garden city the technology and its sectors grew vast and past the surroundings of Bengaluru outskirts. Not only the corporate industries but many other sectors such as Food, space, Transportation, Grocery, Retail, Fintechs, Beverages, beers and spirits. Healthcare evidently are quite enormous in number and a listed set of business.
Balancing the lifestyles, there are many sports facility aggregators where consumers can book indoor courts or swimming pool slots like Playo. Many entrepreneurs are setting up sports facilities due higher interest in fitness. There is a fitness chain called CureFit, invested in by early entrepreneurs and restaurants attached like EatFit.
When was the Flipkart started?
India’s dynamic e-commerce ecosystem. Since starting up in 2007 from a two-bedroom apartment in Koramangala, Bengaluru, Flipkart’s founders Sachin Bansal and Binny Bansal have built an e-commerce bellwether that has held the torch aloft for a generation of Indian start-ups. Each year, Flipkart has fought off competition with path-breaking innovation aimed at solving for India.
After 2007, post 20 shipments that year, Flipkart is in business.
In 2014, the company raised over USD 1.2 billion from both existing and new investors, while it attracted an additional USD 550 million the following year. This year, the company was rated as having an investment value of USD 11 billion, according to Morgan Stanley.
HackerEarth provides enterprise software solutions that help organisations with their innovation management and technical recruitment needs. HackerEarth has conducted 1000+ hackathons and 10,000+ programming challenges till date. Since its inception, HackerEarth has built a developer base of over 2 million+.
The IT company specializes in providing recruitment solutions to corporate and it has an impressive list of clients, including names like Adobe, Wipro, InMobi, Symantec, and others. In 2014 HackerEarth made it to the finals of the Seedstars World startup competition that is held in Switzerland and they will be hosting the world’s largest developer confluence, IndiaHacks 2016.
Bigbasket is the largest online grocery supermarket in India. It was launched in 2011, quite about the time when e-commerce was in its nascent stage in the country. Bigbasket was founded by Hari Menon, VS Sudhakar, V S Ramesh, Vipul Parekh and Abhinay Choudhari. This March, the company has already managed to raise USD 150 million in funding from investors and it plans to add 8 more cities to its area of operations, which presently cover 18 cities across the country.
bigbasket.com allows you to walk away from the drudgery of grocery shopping and welcome an easy relaxed way of browsing and shopping for groceries. Discover new products and shop for all your food and grocery needs from the comfort of your home or office. No more getting stuck in traffic jams, paying for parking, standing in long queues and carrying heavy bags – get everything you need, when you need, right at your doorstep.
Food shopping online is now easy as every product on your monthly shopping list, is now available online at bigbasket.com, India’s best online grocery store!
Zoomcar is a self-drive car rental company headquartered in Bangalore, India. The company was founded in 2013 by David Back and Greg Moran .As of April, the company operates in 45 cities across the country. Since its establishment in 2013, the company has raised over USD 20 million and there are plans to raise an additional USD 50 million this year to facilitate expansion plans to other cities. The company which started out with a fleet of just 7 cars has already experienced tremendous growth. Today, Zoomcar as a fleet of over 2,000 cars and 50 Nanos were added to this, through a partnership with Tata Motors.
The advantages of having the rentals:
- Doesn’t include your fuel costs
- No hidden charges
- 24*7 Roadside Assistance
- Damage Insurance
- Go anywhere with preset of damage insurance.
In early 2016, Housejoy was in competition with UrbanClap and QuikrServices for customers; these companies all made money by collecting a percentage of the money paid to the service providers. Housejoy pursued a strategy of rapid growth through acquisitions of companies that focused on segments within its market, and by expanding to additional cities. By 2017 it had expanded to twelve cities.
The startup was aimed at providing home services to consumers online, with a variety of offerings including home repairs and maintenance, plumbing, electrical services, cleaning, computer repairs, laundry, and lots more. Specialized beauty and bridal make-up services are also part of their growing portfolio.
Desi game maker Moonfrog Labs has raised $15 million in Series A from Tiger Global and Sequoia Capital. This new round of funding makes the total raised amount by Moonfrog Lab to $16 million. Sequoia had earlier invested $1 million in the startup. Moonfrog Labs was on of the Tech30 company in 2014.
Tanay Tayal, founder of Moonfrog told YourStory “We plan to focus on new game development across new game genres. We plan to grow the technology platform (backend, engines, analytics) as well along with the games and work towards strong distribution relationships”.
Established by Mukesh Bansal along with Ashutosh Lawania and Vineet Saxena; Myntra sold on-demand personalized gift items. It mainly operated on the B2B (business-to-business) model during its initial years. In 2011, Myntra began selling fashion and lifestyle products and moved away from personalisation.
As the company continued to grow it was finally acquired by Flipkart for a whopping USD 330 million in May 2014. This remains the biggest deal to date in the Indian online consumer space. Myntra has set a target of March 2017 to achieve operation profitability and has a gross sales target of USD 1 billion for the fiscal year.
In early 2008, Shashank ND was frantically getting together his father’s medical records and scanning them. He wanted to get a second opinion from an American physician, for an operation that his father was about to undertake.
Practo Ray has 10,000+ doctors on the system. Over 10 million electronic patient records (doubling every year) have been created, over 7.5 million unique patients and over 7 million appointments are being made every year. In Singapore, Practo Ray is also the largest online clinic management software provider in terms of market share, reaching this milestone less than 2 years after launch.
Bootstrapped till January 2015, the foodtech startup has come a long way. Launched only 4 years ago, Swiggy today is one of India’s fastest growing internet companies and has one of the greatest success stories to boast about. Among the 18 Indian unicorns, out of which 8 including Swiggy joined the club in 2018, the food ordering and delivery platform’s vision and business strategy have impressed the investors the most.
Coming from diverse backgrounds, Sriharsha Majety, Nandan Reddy and Rahul Jaimini had faced their share of failures before trying their luck with Swiggy. The first two are BITS-Pilani graduates who have together built a technology product called Bundl in 2013 to connect courier companies across India. However, they soon had to shut shop and decided to explore the food-delivery space.
The company initially started as an apartment management solution provider and went on to be a real estate platform that combines property search, apartment management and vendor management.
CommonFloor has raised 4 rounds of funding from three investors. The most recent one being of around $10M from Google Capital, just three months after receiving $30 million funding from Tiger Global. After 8 years and 4 rounds of funding CommonFloor is providing property search services in more than 120 cities across India. CommonFloor is listed in 33 startups by Tech in Asia.
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