India is a land of opportunities, and the government has been providing various schemes to the startups in India. With the help of these schemes, startups can easily start their business and grow it.
Many things need to be considered before starting a business in India. The first thing is to find out if there is any restriction on the type of business you want to create.
Then you should find out what are the requirements for starting up your business, and then you should also find out about all the benefits of starting up your own company in India.
Startups in Mumbai mainly focus on solving problems locally rather than globally. They also focus on industries like healthcare, education, and agriculture.
Also Read: top 10 profitable business in india, manufacturing business ideas & business ideas for women
Startups in Mumbai
1. Acko
Founded in November 2016, Acko General Insurance is a joint venture between Iffco-Tokio Marine (ITM) and the Acko Group.
Acko General Insurance is a private sector general insurance company in India.
Acko General Insurance provides comprehensive cover for life, health and other risks.
It also offers personal accident coverage and vehicle insurance for cars, two-wheelers, and commercial vehicles.
It also offers access to a wide range of products and services from leading Indian and international insurers and convenience for any time/anywhere access for their policies.
Acko's total funding, including the latest round, stands at $450 million. Its existing backers include Amazon, Accel, Elevation Capital, Ascent Capital, Intact Ventures, Munich Re Ventures and Flipkart's co-founder Binny Bansal, among others.
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2. Bookmyshow
Bookmyshow is the most significant event ticketing company in India.
It was started by three friends, Ashish Hemrajani, Parikshit Dar, and Rajesh Balpande, in 1999.
The company’s website offers ticketing services for events such as concerts, sports matches, and theatre performances.
Bookmyshow also provides ticketing services for the Indian Premier League (IPL), a cricket tournament played between 8 teams across India.
In 2012, Bookmyshow acquired TicketNew, a Mumbai-based online ticketing service provider with clients from the Bollywood film industry and the Indian Premier League (IPL).
This acquisition helped them offer tickets for various other events such as concerts and sports matches.
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3. BabyChakra
BabyChakra is a parenting website that provides a balanced view for parents.
It offers guidance from experts and parents and insights from the ancient wisdom of Ayurveda to give you a complete picture of your baby’s needs.
The site has been designed by an expert in Ayurveda who has over 25 years of experience in the field.
The website also features articles written by other experts and parents, giving you access to their expertise and
knowledge on various topics such as parenting styles, sleep advice, feeding tips, and more.
Parents can use the BabyChakra app to track their baby’s development and health and get advice from professionals on how best to raise their child. This is an excellent way for parents to balance traditional wisdom and modern science.
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4. Ola
Ola Cabs is an Indian multinational ride-sharing company headquartered in Bangalore.
It also operates in other business areas such as food delivery and electric scooters.
Founded in 2011 by Bhavish Aggarwal and Ankit Bhati, the company has expanded to over 100 cities across India, Australia, New Zealand and Sri Lanka.
In 2018 Ola announced that its fleet of electric vehicles would grow to more than 6 million by 2020.
Ola Cabs is backed by investors such as SoftBank Group, Tiger Global Management, Tencent Holdings, and DST Global.
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5. BOX8
BOX8 is a company that provides healthy and refreshing food to its customers. Their products are gluten-free, vegan and organic.
In 2012, Anshul Gupta and Amit Raj founded BOX8 as a small outlet in a corporate cafeteria. They wanted to provide healthy and refreshing food to their customers.
They started with only one product - a vegan protein shake - but now they have expanded their selection of products from salads, wraps, soups and smoothies to include gluten-free bread and snacks.
It has grown to be one of India's most successful food delivery startups, with operations in more than 20 cities and offices in India, Singapore, Dubai, and Hong Kong.
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6. Cleartrip
Cleartrip is a global online travel company headquartered in Mumbai.
The company operates an online travel aggregator that provides information on air, train, and bus bookings and deals and offers on hotel rooms.
Deep Kalra founded the company in 2000. In 2005, it launched its airline ticketing service and started to offer hotel bookings the following year.
In 2007, it became the first Indian online travel agency listed on NASDAQ.
In 2010, the company's headquarters was moved to Mumbai from Bangalore, and it launched its mobile app for iOS users in India. The following year, it acquired the European-based Travelport's portfolio of websites under the Web.
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7. JioSaavn
JioSaavn is an Indian online music streaming service and a digital distributor of Hindi, English, Malayalam, Bengali, and Kannada.
India's largest music streaming service, with over 100 million monthly active users.
The company was launched in 2008 by Raghu Krishnamoorthy. He was working for Nokia and was looking for a way to make his music available to mobile users.
The company is headquartered in Mumbai and has offices in London, Los Angeles, New York City and Austin.
In 2016 JioSaavn raised $150 million from Tiger Global Management LLC with participation from Bertelsmann Asia Investments Ltd., which led to a post-money valuation of $1 billion.
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8. Coolberg
Coolberg is India’s first non-alcoholic beer. And it is here to redefine the drinking experience.
It is a team of young entrepreneurs who are passionate about making a difference in people's lives by providing an alternative to alcohol.
It makes it easier for people to enjoy themselves without compromising their health and wellness.
The drinks are malt-based, crafted beers without alcohol, which can be enjoyed by both men and women with friends and family in a social setting.
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9. Chillr
Chillr is a mobile banking app that allows users to access their bank accounts when they are not near any of the banks.
This app was launched by Sony Joy in 2014 and is available for Android and iOS. It was designed to eliminate the need for cash transactions.
Chillr provides its users with an easy-to-use interface, customized features and a secure data transfer system.
This app has been downloaded by more than 10 million people in India, and it has helped them save time and money.
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10. Pepperfry
Pepperfry was founded by Deep Kalra and his wife Radhika in 2012.
The company has grown to be one of India's most oversized furniture and home décor retailers.
Pepperfry has been able to grow so quickly because it has reached a customer base of over 30 million people.
Pepperfry’s rapid growth can also be attributed to its focus on customer experience, which is why it offers a 100-day return policy with no questions asked on all items
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11. Toppr
Toppr is an adaptive test preparation platform for students preparing for various entrance exams in India.
At first, Toppr only focused on the JEE and NEET exams, but now it has expanded to cover other competitive exams such as CAT, MAT, XAT and GMAT.
The Toppr app provides a personalized study plan to help students achieve their goals.
It also offers them a series of adaptive tests which helps them identify their strengths and weaknesses.The app also provides students with personalized feedback on how they are performing.
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12. Nykaa
Nykaa is an Indian e-commerce company founded by Falguni Nayar in 2012 and headquartered in Mumbai.
It sells beauty, wellness and personal care products. Nykaa is a leading online retailer of beauty, wellness and personal care products in India.
It offers over 10,000 products across categories such as makeup, skincare, haircare, fragrances etc.
More than 500 brands on Nykaa’s platform include international brands like Estee Lauder and L'oreal to Indian brands like Lakme and Kaya Skin Clinic.
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13. Faasos
They have grown tremendously since its incorporation in 2004 and now has over 1000 employees and more than 200 restaurants partnering with them.
Faasos is a food on-demand service that was incorporated in 2004.
It is one of the brands owned by the online food delivery company, Swiggy. Faasos offers a variety of cuisines from various restaurants around India.
The name Faasos means "fast" in Hindi, and it was chosen to represent their goal of delivering food to customers as quickly as possible.
They have grown tremendously since its incorporation in 2004 and now has over 1000 employees and more than 200 restaurants partnering with them.
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14. Grabhouse
Grabhouse is a Mumbai-based digital marketing company that provides content marketing, social media management, and website design services.
Grabhouse was founded by Pankhuri Shrivastava and Prateek Shukla in 2013. It was soon after the two had moved to Mumbai from Delhi.
The company is one of the few that has successfully combined content marketing with social media management and website design services.
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15. Housing
Housing.com is a leading search portal for real estate, catering to around 40 Indian cities, including the metros of Mumbai, Delhi, Chennai, and Bengaluru.
It offers a range of innovative features that help users find their dream homes quickly and easily.
Housing.com was founded in 2013 by two Indian entrepreneurs - Rahul Yadav and Nitin Gupta.
The company raised $1 million in seed funding from investors like Ratan Tata and Bhavin Turakhia. Housing.com has been listed on the NASDAQ since January 2015.
Housing is one of the most sought-after services in India today, with more than 60% of people looking for a home every year, as per statistics by Cushman & Wakefield India.
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16. Craftsvilla
Craftsvilla is an Indian e-commerce portal that sells ethnic apparel, footwear, fashion accessories, beauty products, and handicrafts.
Craftsvilla was founded in 2007 by Ms. Priya Sethi and Mr. Ashish Gupta to provide a platform for ethnic Indian women to buy the latest international trends of fashion at affordable prices.
The company has built a strong reputation for providing its customers with fashionable, trendy and affordable products from across the globe without compromising the quality or authenticity of the products.
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17. Weddingz
Weddingz is an online wedding planner and marketplace that helps couples find the perfect wedding planner.
Weddingz has been growing at a rapid rate, with over 25,000 members.
They have also raised above $500,000 in funding from investors like Google Ventures, 500 Startups and others.
The startup was founded by Sandeep, who had a background in product design before he started Weddingz.
He wanted to create a platform where couples could easily find the best wedding planners without spending hours on research and interviews.
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18. PharmEasy
PharmEasy is one of India's most trusted online pharmacy & medical stores offering pharmaceutical and healthcare products.
It is a company that has been in the market for over a decade.
PharmEasy is one of India's most trusted online pharmacy & medical stores offering pharmaceutical and healthcare products.
It is a company that has been in the market for over a decade.
PharmEasy provides an unparalleled range of medicines, health supplements, and health care products at an affordable price with the convenience of home delivery.
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19. Impact Guru
Impact Guru is a donation-based crowdfunding platform that offers global crowdfunding solutions for NGOs and social enterprises.
Impact Guru is a new way for people to donate to the causes they care about.
Impact Guru has the potential to fund more projects than ever before by making it easy for people to give money and share their stories.
The Impact Guru platform will also provide access to data on the success of projects, which will help with fundraising and decision-making in the future.
Impact Guru has been designed with simplicity in mind, making it easy for anyone who wants to start a campaign or contribute funds to one.
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20. Guiddoo
Guiddoo World is a travel company that offers customized travel packages to Chinese and Indian travel agencies.
The company provides experiential, customizable and unique packages for its clients. The packages are designed to suit the needs of their target audience.
Many Chinese and Indian agencies turn to Guiddoo World because it is affordable and gives them the freedom to customize their packages without any constraints.
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21. BAJAAO
Ashutosh Pandey, the founder of BAJAAO, started as a musician in Delhi, and now he has grown into an entrepreneur.
He is a self-taught guitar player who started his band Xenon. BAJAAO is a labor of love for musician and entrepreneur Ashutosh Pandey.
Bajaao is not just about selling products but also about connecting artists with their audience.
It helps artists reach out to new audiences by providing them with an opportunity to share their work on social media platforms such as Facebook and Instagram.
Bajao is one of India's leading online musical instruments and accessories retailers, offering over 40,000 products from over 1,200 brands at unbeatable prices.
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22. ITHAKA
ITHAKA was founded in 1995. It is a nonprofit organization that works with governments, corporations, and individuals to expand access to knowledge and education.
Ithaka has helped establish over 350 public libraries worldwide and has contributed significantly to the development of digital libraries.
The mission of ITHAKA is “to expand access to knowledge and education around the world through innovation, collaboration, and partnerships”.
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23. PaisaDukan
PaisaDukan is the solely owned marketplace of BigWin Infotech which the Department of Industrial Policy duly recognized.
It is a platform that provides best-in-class digital marketing solutions to its clients, with over 300+ clients and 7,000+ employees.
The company has provided best-in-class digital marketing solutions to its clients by taking advantage of AI technology and other innovative platforms.
PaisaDukan is an online marketplace that helps sellers and buyers find each other on its platform. It also provides various features like pricing, quality, reviews, and ratings for both the seller and buyer to ensure they get what they want.
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24. Purple Squirrel
Purple Squirrel is a content-creation platform that allows users to create high-quality articles quickly.
It was founded in 2016 and has been growing steadily since then. Purple Squirrel is one of the many AI writing assistants emerging in the market.
The company's mission is to provide quality content at scale by using AI and automation to generate content ideas.
The company was founded by IIT Mumbai alumni Aditya Gandhi and financial analyst Sahiba Dhandhania.
They have managed to achieve this by using AI and automation tools such as machine learning algorithms and natural language processing software.
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25. Heckyl
Heckyl Technologies is a global leader in information analytics for worldwide financial markets.
Heckyl aims to be a global leader in information analytics for worldwide financial markets.
Heckyl Technologies is a company that wants to make its mark on the world and change the way people think about data analysis and decision-making by providing them with an accurate, reliable, and transparent view of their investments.
Heckyl Technologies has recently launched its ICO to raise USD 50 million through pre-sale and public sales. The company has already raised USD 1 million during its pre-sale phase, held on September 8th, 2018.
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26. Fruzzanté
Fruzzanté is a sparkling alcoholic beverage that is available in a variety of flavors and varieties.
It comes in various sizes and can be purchased at retail stores, bars, or online. Fruzzanté offers an assortment of sparkling alcoholic beverages such as raspberry, grapefruit, and orange flavors.
They also offer non-alcoholic options for those who prefer to enjoy the beverage without the alcohol content.
Fruzzanté was created by two friends looking for something new to do with their time after college. They wanted to create something different from what they had been doing with their careers, so they made Fruzzanté.
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27. Tsara
Tsara provides a human touch to AI writing assistants by providing a personal assistant to write content for you. They are available in the form of chatbots and virtual assistants.
Tsara is the brainchild of dynamic husband-wife duo Tarun and Natasha Jagwani, who are into the jewel.
The couple started Tsara because they wanted to create an AI writing assistant to help them with their content writing needs.
The idea behind Tsara was to create an easy-to-use platform that would allow marketers to create content as effectively as possible while also making it easy for them to measure their performance in terms of ROI on time spent.
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28. SpiceTree Design Agency
SDA is a digital agency that has been in the business for more than two decades.
They have seen the industry change and grow, adapting to the latest trends, technologies, and changes in customer behavior.
SDA has a team of experienced copywriters who have been writing content for different industries such as finance, technology, business management, and marketing.
The agency also has an in-house creative team that helps them develop unique ideas for their client's businesses.
Spice tree Design Agency is a guiding star in the digital universe for reaching and acquiring with a fantastic customer retention rate of more than 95%.
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29. TAC Security
The tunnel industry has been in existence since the early 1800s, and it has seen many innovations over the years.
One such innovation is the use of grout injection technology to seal tunnels.
TAC Security, a leading provider of tunnel construction services in Australia, was founded in 1973.
With 40 years of experience in providing quality services to its clients, TAC Security is an industry-renowned Backfill Grout Injection specialist with over 40 years of experience in providing tunnel engineer services.
Our services include stone grouting, concrete grouting, polymer grouting, CCTV, access control, fire detection, intruder detection, etc.
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30. Monk Entertainment
Monk Entertainment is a company that specializes in the production of video content. They have created a new model for the industry, which has led them to become one of the largest production houses in India.
The company started with four people and now has over 100 people on its team.
Their team consists of some of the best craftsmen in the industry, who are experts in their respective fields.
Monk Entertainment is based out of Mumbai, India and has offices worldwide. They have produced over 1000 videos so far and plan to keep up with that pace for years to come.
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Conclusion
The city has attracted many entrepreneurs and investors because of its fast pace of development and its low cost of living.
The startup in Mumbai concludes with the following points:
- There is a lot of potential for startups in India.
- The government should work on making the country more attractive to investors.
- Entrepreneurs should be able to get funding easily.
- The government should also create an ecosystem that would make it easier for entrepreneurs to start their businesses and grow them into successful startups.
Frequently Asked Questions
1. Which startup is best in Mumbai?
Mumbai is the city of dreams and aspirations. It is the place where you find successful startups that are not just in India but across the world.
Multiple companies have an impressive success rate and have grown to be some of the best startups in their respective industries. These startups are Purple Squirrel, InMobi, OlaCabs, MakeMyTrip, Zomato, Myntra, Quikr, Grofers, and more.
2. Is Mumbai good for startups?
Mumbai has been called the Silicon Valley of India, and this city is home to over 20,000 startups. This makes Mumbai an attractive destination for entrepreneurs looking for new opportunities in the country, so add Mumbai to your list of places to visit.
3. How many startups are there in Mumbai?
Mumbai has always been a hub of innovation and entrepreneurship. It is the heart of more than 500 startups and numerous accelerators, incubators, and investors.
The number of startups in Mumbai increased by 22% in 2017 compared to 2016, which is impressive considering that it's a city with just over 20 million people.
4. Which startup is best in India?
In the last decade, India has seen a tremendous boom in startups. As you can imagine, thousands of startups have emerged in India and have made their way to the top.
Some of these startups include Flipkart, Ola Cabs, Paytm, and Zomato. They are constantly innovating and trying to provide better services to their users.
Here are my best startups in mumbai:
Also Read: Check out my reviews of the best image editing software, the top choices for video editing software, and my full guide to start a blog for beginners.
