Verified List of Startup Companies in Bangalore
Known as the Silicon Valley of India, Bangalore is home to many successful tech startups.
Bangalore, also known as Bengaluru, has become a major hub for entrepreneurship, earning it the nickname of India's Silicon Valley. From wealth management services to grocery delivery, startups here are active in nearly every sector, and many have attracted the attention of major venture capital firms. Below, we've compiled a list of startup companies helping to fuel the city's momentum.
List of Top Startup Companies in Bangalore
1.Udaan: Founded by several former Flipkart executives, Udaan brings together manufacturers, traders, retailers, and wholesalers on one platform. The company helps streamline the B2B marketplace process, where small businesses can easily source from a vast collection of products, while manufacturers and farmers can market their products across the country. According to its website, the startup serves over 3 million retailers and small businesses, and has tied up with thousands of brands, including Coca-Cola, PepsiCo, and Procter & Gamble.
2. Ninjacart: Flipkart-backed Ninjacart connects retailers and restaurants with farmers and traders on its online marketplace. The company is considered India's largest fresh produce supply chain platform, ensuring farmers better prices for their fruits and vegetables on one hand, and quick and efficient delivery of food to retailers on the other.
3. Flipkart: Flipkart is one of India's largest e-commerce platforms, competing fiercely with Amazon for the top spot. Over the years, the company has received backing from prominent investors, including Walmart, Tiger Global, and SoftBank Vision Fund 2, and it has made several investments in various India-based startups. Flipkart's main headquarters are in Bangalore, and it has several other offices across the country.
4.PhonePe: PhonePe is a digital payments and financial services company that lets users pay their bills, invest, send money, and shop on a single app. Backed by companies like Walmart and General Atlantic, PhonePe is a pioneer in transactions on the Unified Payments Interface (UPI). It is a network created by an alliance of retail banks in India that has now become the most popular way for Indians to transact money online. In 2023, the startup launched its app store, establishing itself as a direct competitor to Google Play Store, which has dominated the bulk of mobile apps available in the country for years.
5. Bolt: Bolt. Earth provides charging infrastructure and software solutions for two-wheeler and three-wheeler electric vehicles. Founded in 2017, the startup started out as a startup to build connected devices called REVOS. Since then, it has become one of the largest companies providing charging infrastructure for electric vehicles in India, offering fast and slow charging outputs ranging from 3.3 kW to 240 kW. The company has thousands of charging points in India and neighbouring countries, and has plans to expand to new markets in Asia, Europe, and South America.
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6.CoinSwitch: CoinSwitch is a platform where users in India can buy and sell over 100 different cryptocurrencies, including Bitcoin, Ethereum, and Ripple. The app is based on Rupee and offers customer support in five regional languages apart from English, including voice assistance, app explainers, and live chat in Hindi, Kannada, Tamil, Bengali, and Marathi. CoinSwitch is India’s largest crypto app, with over 19 million users, according to the company’s website, and its investors include Andreessen Horowitz, Tiger Global, and Sequoia Capital India.
7. Perfeos: Fintech Perfeos offers real-time credit underwriting services for banks and non-banking financial institutions, allowing them to automate their lending decisions, assess customers’ financial eligibility, and aggregate data for APIs. Leveraging AI and machine learning technologies, the platform is also capable of self-learning and can forecast trends in new markets. Perfeos is backed by Indian private equity firms Kedaara Capital, Warburg Pincus, and Bessemer Venture Partners, and operates in over a dozen geographies across India, the Middle East, and Southeast Asia. The startup reportedly plans to go public by 2025.
8. CRED: CRED is an app that gives its users access to exclusive rewards and experiences from leading brands when they pay their credit card bills on time. This members-only platform also lets users analyse their credit score and manage multiple cards, track their due date reminders, spending patterns, and other usage statistics using artificial intelligence. CRED is backed by VC giants such as Tiger Global, Insight Partners, and GIC, and reportedly processes about a third of all credit card payments in India.
9. Fi.Money: Fi. Money is a financial app with a built-in savings account provided by its banking partner, Federal Bank. Founded by a team of former Google Pay executives, the platform also lets users invest in mutual funds and high-interest products, track their spending, and earn rewards for engaging in positive financial behavior. The startup also has its credit card, with benefits like no fees on minimum balance, cashback rewards, and airline miles.
10. Zepto: Founded in 2020 by two Stanford University dropouts, Zepto has made a name for itself in the grocery delivery industry by receiving investments from Nexus Venture Partners, Y Combinator, and others. Zepto is one of the many grocery delivery startups in India, competing with major names like Swiggy and Dunzo. But what makes it special is that it can deliver food to customers in 10 minutes or less, thanks to its network of dark stores in the cities it operates in. The company is headquartered in Mumbai and has major offices in Bangalore, Hyderabad, Delhi, and Chennai.
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11. Navan: Navan is a software company that makes corporate travel and expenses easier. The company claims to have deep local expertise for the travel market. The company is hiring for its India offices, and its Bengaluru team is based in the Ashok Nagar area.
12. Clio: Clio builds a platform for the supply chain ecosystem, integrating processes integral to business across manufacturing, wholesale, distribution, logistics, and transportation sectors. The platform relies on extensive integrations and APIs to provide streamlined and optimized process management in logistics-related complex industries.
13. Unacademy: Online learning platform Unacademy helps students prepare for competitive college and postgraduate entrance exams. Students can watch live video lectures taught by professional teachers, and later attend virtual sessions to review topics in more detail, as well as take practice exams. The startup started its journey as a YouTube channel in 2010, and now has a net worth of around $3 billion, backed by Tiger Global, General Atlantic, and SoftBank Vision Fund 2.
14. Buyhatke: Buyhatke is a product discovery and price comparison platform, and it is available as a browser plug-in. Users can track the price of any product over the last 90 days to know the best time to buy, automatically find and apply coupons, and get alerts when the item they want is cheapest. The startup partners with hundreds of stores, including major retailers like Flipkart, Puma, and Amazon.
15. Motive: Motiv provides software solutions for companies that operate physically. This means users get a single system to manage expenses related to their equipment, vehicles, drivers, and fleets. The company's employees have access to a co-working office based in Bengaluru.
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16. Scripbox: Scripbox is a wealth management company that uses AI to provide customized investment solutions that help users meet their specific financial goals. With customers in over 2,500 cities across India, the app's offerings range from mutual funds to Indian and international equities. It also offers several calculator tools to help users make better decisions about their savings, investments, and retirement strategies.
17. Local: Local is a news app that makes local news in India more accessible and digitally focused, targeting India's over 900 million non-English speaking users. The company has a network of freelance journalists who do original reporting in their regional language on current affairs in local towns and cities. Local also has a classifieds section, a job search tool, and a dating service where users can match based on caste, location, and common interests. The Y Combinator-backed startup operates in India's three most densely populated states: Andhra Pradesh, Telangana, and Uttar Pradesh.
18. Slick:
