Company Name: Lenskart
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ETtechPeyush Bansal, founder & CEO, Lenskart
Founded In: 2010
Founders: Peyush Bansal, Amit Chaudhary, Ramneek Khurana, Neha Bansal
Based In: Gurugram
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Key Investors: Abu Dhabi Investment Authority, Chiratae Ventures, Temasek, Alpha Wave, SoftBank Vision Fund
What it does: Lenskart specialises in selling prescription eyewear as well as sunglasses to consumers through its online platform and offline stores. It has also set up a Thrasio-style venture, Neso, to invest in new-age eyewear brands and sell them through its platform globally. Lenskart began as an online business, but its offline stores have also become a major sales channel today.
Company Name: Mamaearth
ETtech(L to R) Ghazal Alagh and Varun Alagh, cofounders, Mamaearth
Founded In: 2016
Founders: Ghazal Alagh, Varun Alagh
Based In: Gurugram
Key Investors: Peak XV Partners, Fireside Ventures, Stellaris Venture Partners
What it Does: Beauty and skincare brand Mamaearth started out as an online brand, but now operates across channels. Its parent Honasa Consumer is an omnichannel direct-to-consumer FMCG firm that has built other brands such as The Derma Co and Aqualogica. The IPO-bound Hanasa sells a range of beauty and skincare products through its own platform, ecommerce marketplaces as well as offline retail channels, including its own stores.
Company Name: OfBusiness
ETtech(From left, clockwise) Nitin Jain, Asish Mohapatra, Vasant Sridhar, Ruchi Kalra and Bhuvan Gupta, cofounders, OfBusiness
Founded In: 2015
Founders: Asish Mohapatra, Ruchi Kalra, Bhuvan Gupta, Vasant Sridhar, Nitin Jain
Based In: Gurugram
Key Investors: SoftBank Vision Fund, Alpha Wave Global, Tiger Global, Matrix Partners India
What it Does: OfBusiness is a B2B ecommerce platform for raw material procurement. Through its platform, users get access to more than 100 raw material product categories such as steel, iron and chemicals. OfBusiness also provides tech-enabled services for customers to submit bids for tenders from 190 countries besides offering project financing and matchmaking services for JVs.
Company Name: Groww
ETtech(Clockwise from top-left) Ishan Bansal, Harsh Jain, Neeraj Singh and Lalit Keshre, cofounders, Groww
Founded In: 2017
Founders: Lalit Keshre, Harsh Jain, Neeraj Singh, Ishan Bansal
Based In: Bengaluru
Key Investors: Peak XV (Sequoia India), Ribbit Capital, YC Continuity, Tiger Global, Satya Nadella
What it Does: Groww is a wealthtech startup that offers investors mutual funds, trading in stocks (as a stockbroker) and fixed income investment options such as fixed deposits. Over the last year, Groww has diversified into payments through Groww Pay, which runs on UPI, and consumer loans. It recently entered the asset management space by acquiring Indiabulls Asset Management, and received approval for its first new fund offering.
Company Name: Icertis
ETtech(L to R) Samir Bodas and Monish Darda, founders Icertis
Founded In: 2009
Founders: Samir Bodas, Monish Darda
Based In: Bellevue, Washington, US
Key Investors: Silicon Valley Bank, SoftBank Vision Fund, B Capital Group, Premji Invest, Greycroft
What it Does: Icertis provides an intelligent contract lifecycle management software that helps businesses manage their contracts, identify risks and reduce their compliance burden. The company, which has emerged as one of the largest software companies helmed by Indian founders, in terms of revenue, has been actively focusing on integrating Generative AI in its product suite.