To have your own business is the dream of every individual. However, it is not easy to set up your startup as many factors need to be kept in mind. Through this article, we will share the list of those startups that combated numerous challenges but never gave up and are known to be the fastest-growing startups. This content is purely based on the information of Fastest Growing Startup In India 2024 along with the details of existing startups in India as well as new startups. As we all know, India is moving towards the fastest-growing major economy in the world. The vision of India is to lead the 2024 market along with generating employment within the country.
By keeping this vision in mind, the Central government launched the initiative of “Make In India” in September 2014. The primary vision behind this initiative is to build an ecosystem that promotes the growth of startups while also driving long-term economic growth and producing large-scale employment. Here is the list of the top 10 “Fastest Growing Startups In India 2024” who are contributing to economic growth and transforming the business industry in India. But don’t forget to read about other new startups in India that have been recently launched.
Top 10 Fastest Growing Startup In India 2024
1. Zepto
It is an Indian Q-commerce company that laid its foundation in 2021. The two drop-outs of Stanford University, Kaivalya Vohra and Aadit Palicha started the company to bring a rapid revolution in the food and grocery delivery industry. Soon the startup turned into the first Indian unicorn of 2023 after raising $200 million in August. As of now, this startup in India provides its services across 10 cities in India. This startup deserves to be on the list of “Fastest Growing Startup in India 2024”.
Headquarters: Mumbai
Established: 2021
Revenue: Rs 2,024 Crore
2. Udaan
In 2016, Flipkart veterans Vaibhav Gupta, Sujeet Kumar and Amod Malviya laid the foundation of Hiveloop Technology. Udaan is the product of Hiveloop Technology which does B2B business. The startup in India picks up products from sellers and manufacturers in 800-100 cities and delivers across 800-900 towns and cities. Udaan is among the fastest-growing startups in India with a valuation of $3.1 billion.
Headquarters: Bengaluru
Established: 2016
Revenue: Rs 5, 629 Crore
3. CRED
Kunal Shah, founder of CRED laid down the foundation of this startup in India with a vision to address the issue of credit card debt while providing users with a premium experience. This startup permits users to manage their credit cards, pay bills and earn rewards. This startup brought a revolution in the credit card industry and took no time to be known as one of the fastest growing startups in India. This startup in India has raised over $800 million in funding and is valued at over $4 billion.
Headquarters: Bengaluru
Established: 2018
Revenue: Rs 1,484 Crore
4. BluSmart
The next startup we are adding to the list of “Fastest Growing Startup In India 2024” is BluSmart. The startup in India offers ride-hailing services in Bengaluru and Delhi NCR with its 4,500-strong electric car fleet. This startup was introduced by Punit K Goyal, Puneet Singh Jaggi, and Anmol Singh Jaggi with a vision of helping transform Indian cities by building a holistic and comprehensive electric on-demand mobility platform. \
Headquarters: Gurugram
Established: 2018
Revenue: Rs 400 Crore
5. Skyroot Aerospace
It’s been 5 years since the startup laid down its foundation. Known to be a top Indian private aerospace manufacturer and commercial launch service provider, the startup in India has launched a rocket into space. The operating revenue of the company is listed in the range of Under 1 cr for FY23. It became the first private company in India to introduce the rocket.
Headquarters: Hyderabad
Established: 2018
Revenue: Rs 55.2 Crore
6. Jar
It is the first Indian app that comes up with an innovative solution to save money daily and invest in digital gold. As per the claim by Jar, a person can grow their wealth with 24K gold, and buy and sell digital gold, at ChangeJar Technologies Pvt. Ltd. Currently more than 1.5 crore people are using this app and investing their money in it. As per the reports, Jar hit $31.8M in revenue in 2023.
Headquarters: Bangalore
Established: 2021
Revenue: $31.8M
7. PharmEasy
Founded by Dhaval Shah and Dharmil Sheth in 2015 with the initial seed funding. It is an e-pharmacy startup in India that sells medicines, diagnostics and telehealth online. It is one of the fastest growing startups in India in 2024 that raised over $900 million in funding. In FY23, the startup in India made a revenue of $830 Million.
Headquarters: Mumbai
Established: 2015
Revenue: Rs 6,644 Crore
8. Pocket FM
This startup in India was introduced with the vision of letting audio content become a mainstream format for sharing knowledge and experiences. These platforms entertain in the form of audio across numerous genres and Indian languages via its 100,000+ hour-strong content library. According to the startup, they have 80 million listeners all around the world.
Headquarters: Bengaluru
Established: 2018
Revenue: Rs 131 Crore
9. ShopHealthy.in
It is an online marketplace that began its services in 2013. This startup in India delivers health and beauty products directly to customers. The startup has boasted over 1 lakh genuine products across Unani, Ayurveda, Herbal, Homoeopathy, Natural formulations and beauty products sourced directly from authorised distributors globally. This startup in India bagged the Times of India She Unltd Award in 2020.
Headquarters: Bangalore
Established: 2013
Revenue: Est. $100K-5.0 M
10. DotPe
Last but not least, DotPe is the “fastest growing startup in India 2024” which has accumulated a huge revenue within a short period. The company was founded in 2019 by Shailaz Nag. It is a QR-based payment space positioned against PhonePe and Paytm, among other such platforms. The startup in India laid the foundation with an initial seed of around $8 million. This startup in India made a huge profit in the fiscal year of 2023.
Headquarters: Gurgaon
Established: 2019
Revenue: Rs 36.9 Crore
Also Read :- Everything you Entail to Perceive before starting a Startup
Conclusion
These are only a few examples of the fastest growing startups in India that are effectively boosting the Indian economy as well as generating new job opportunities. The government has also introduced numerous schemes to encourage more startups in India. In the upcoming years, more new startups will be establishing and creating an enormous startup ecosystem. With no time, India will become a hub of new startups soon.