Here is a list of the top Bengaluru startups for 2019 based on how well they fared in their respective funding rounds this year. Some of these companies also participated in more than one funding rounds and also crossed other financial milestones.
Bengaluru has single-handedly put the Indian sub-continent on the world startup map with its lucrative business environment and diverse range of startups. The ecosystem has been dubbed as the ?Silicon Valley of India’ and has brought home considerable investments in the recent years. The city is known not just for the high quality of tech talent but also for being one of the most affordable tech talent as well, giving rise to several tech startups in the region.
Top Bengaluru Startups to Watch out for in 2019
Leading the list of top Bengaluru startups for 2019 is one of the highly funded startups of this year BYJU?s. The edtech company’s growth and funding activities in recent years has got the Bengaluru based startup noticed internationally. BYJU’s has created an interactive and high impact online tutoring app that is changing the way students learn. It raised a total of $422.6 million in private equity from two rounds and acquired Math Adventures this year. The total funding of the Bengaluru based startup stands at $666.6 million with three acquisitions since its inception. The company is the brainchild of Byju Raveendran and Divya Gokulnath who set it up in 2008.
Bengaluru based startup BigBasket is an online food and grocery store with operations in over 15 Indian cities. Its last round of funding was in February 2018, in which it raised $300 million at a pre-investment valuation of $650 million. The venture capital funding round for this top startup in Bengaluru was led by the Alibaba Group and featured Sands Capital Ventures, Bessemer Venture Partners, Abraaj Group, and International Finance Corporation as participant investors. The company plans to become one of the top Bengaluru startups for 2019 and is in talks to conduct new funding rounds to raise more funds and get a new investor on board. BigBasket may soon join the unicorn club once the deal is finalized. The Bengaluru based startup was co-founded by Abhinay Choudhari, Hari Menon, Vipul Parekh, and VS Sudhakar in 2011 and has made four acquisitions till date.
The next company on our list of top Bengaluru startups for 2019 is Udaan which is one of the unicorn companies in the city. Udaan was founded by former Flipkart employees Amod Malviya, Vaibhav Gupta, and Sujeet Kumar in 2014. It is a B2B trade platform that is helping small and medium-sized ventures run their businesses smoothly. The Bengaluru based startup has a user-friendly app that allows its users to connect, buy & sell, and grow with other users of the app. The company is a top startup in Bengaluru in this area and has raised $225 million from its Series C round in September 2018. The round was led by Lightspeed Venture Partners and DST Global.
A top startup in Bengaluru today, ShareChat is an Android-based content sharing app that was co-founded by Ankush Sachdeva,? Bhanu Singh, and? Farid Ahsan in 2015. Till date, the Bengaluru based startup has participated in seven funding rounds picking total investments worth $122.8 million. ShareChat participated in two funding rounds this year raising $117 million and entered the club of the top Bengaluru startups for 2019. The last round was the Series C round which was led by Shunwei Capital with the support of seven participant investors. The completion of the Series C round increased the company?s evaluation by seven times at $460 million.
PhonePe is one of the youngest companies in our list of top Bengaluru startups for 2019. It was founded in 2015 and is a digital payments app that seeks to do away with the practice of carrying cash or cards. The Bengaluru based startup has been the stepping stone for Flipkart to enter the financial services market after it acquired the fintech company in 2017. PhonePe is a top startup in Bengaluru that has partnered with some of the major companies in India. It rose to fame owing to the secure and easy to use channel it offers to make it more convenient to pay for a variety of things and to transfer money at a peer-to-peer level.
Bengaluru based startup LivSpace is an online home design company that has completed its Series C round this year. LivSpace raised $70 million from TPG Growth and Goldman Sachs who led the round with the support of Jungle Ventures,? Helion Venture Partners, and Bessemer Venture Partners. This trailblazing top startup in Bengaluru has completed four funding rounds since its inception, and the total investments raised amounts to $97.6 million. Ramakant Sharma and Anuj Shrivastav co-founded LivSpace in 2012 which after 3 acquisitions and four impressive funding rounds has become a leading ecommerce company among the top Bengaluru startups for 2019.
Meesho is helping several small scaled entrepreneurs and homemakers become financially independent through its social selling platform. The Bengaluru based startup is an alumnus of Y Combinator and closed its Series C round at $50 million in November 2018. The round was led by Shunwei Capital, RPS Ventures, and DST Partners with the support of Y Combinator, SAIF Partners, Sequoia Capital India, and Venture Highway. Meesho is one of the few top Bengaluru startups for 2019 that have had more than one round of funding this year. The company was founded by Sanjeev Barnwal and Vidit Aatrey in 2015 and is helping sellers reduce overhead costs with their ecommerce solutions.
Bengaluru based Shadowfax Technologies is leading the way as the country?s first multi-modal logistics platform for various modes of transport. The company picked $22 million from NGP Capital (lead investor), Qualcomm Ventures, Mirae Asset Financial Group, and Eight Roads Ventures in its Series C round of funding this year. The closing of this round has helped the company get the financial nudge it needed to grow further making it one of the top Bengaluru startups for 2019.? Shadowfax Technologies was co-founded by Abhishek Bansal and Vaibhav Khandelwal in 2015 and has total funds worth $41 million in its kitty. The Bengaluru based startup plans to get more business and delivery partners on board and scale up with the funds received.
One of top Bengaluru startups for 2019 from the edtech sector, Unacademy is a high impact and dynamic online learning platform that has more than 1.3 million users and also boasts of running one of the most prominent educational channels on YouTube. Gaurav Munjal, Roman Saini co-founded the Bengaluru based startup, and Hemesh Singh in 2015 to make educational material more accessible for all. 2018 has been an important year full of milestone financial activities that have made Unacademy one of the top Bengaluru startups for 2019. This year it acquired online education and career portal WifiStudy following the Series C round in which it raised $21 million from lead investors Sequoia Capital India and SAIF Partners.
Harshil Mathur and Shashank Kumar co-founded Bengaluru based startup Razorpay in 2013 with an aim to make online transactions smoother and faster. It has raised $31.6 million so far, and its largest funding round till date was closed at the beginning of the year. This was the Series B round led by Tiger Global Management and also featured Matrix Partners ad Y Combinator which helped this top startup in Bengaluru raised 20 million. The company?s services are trusted by some of the top ecommerce brands including some of the top Bengaluru startups for 2019 featured here.
This year has seen some phenomenal funding activities that have helped the city maintain its status as one of the top ecosystems globally. Bengaluru was also featured among the top startup in the Global Startup Ecosystem Report 2018? by Startup Genome that has recognized its soaring tech sector.
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