Startup: ET Startup Awards 2024: Nominees for Startup of the Year

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The ET Startup of the Year will be characterised by breakthrough innovation, top-class execution and fast-paced growth. The quality of the founding and management team was an important component in decision making.

Company name: Zepto

Co-founder & CEO, Aadit Palicha along with Co-founder & CTO, Kaivalya Vohra, ZeptoETtech

Zepto cofounders Aadit Palicha (left) and Kaivalya Vohra

Founded in: 2020

Founders: Aadit Palicha, Kaivalya Vohra

Based in: Mumbai

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Key investors: Glade Brook Capital, Nexus Venture Partners, General Catalyst, Mars Growth Capital, Lightspeed

What it does: Zepto, through its dark stores, makes rapid delivery of goods. It has emerged as the busiest consumer internet startup in recent years. Currently, it is present in over a dozen cities, and has expanded in places like Ahmedabad, Chandigarh and Panvel. In the last two months, Zepto has racked up $1 billion to take on Zomato’s Blinkit and Swiggy’s Instamart.

Company name: Meesho

Vidit Aatrey, cofounder & CEO of MeeshoETtech

Vidit Aatrey, cofounder & CEO of Meesho

Founded in: 2015

Founders: Vidit Aatrey, Sanjeev Barnwal

Based in: Bengaluru

Key investors: Prosus, SoftBank, Peak XV Partners, WestBridge Capital

What it does: Meesho is an ecommerce marketplace that specialises in selling low-priced products. The firm sells apparel, accessories, footwear, home and kitchen goods and electronics. Known for selling unbranded products, it has also started Meesho Mall for branded goods. It is well entrenched in non-metro markets, which drive a majority of its sales.

Company name: Lenskart

LenskartETtech

Founded in: 2010

Founders: Peyush Bansal, Amit Chaudhary, Ramneek Khurana, Neha Bansal

Based in: Gurgaon

Key investors: Abu Dhabi Investment Authority, ChrysCapital, SoftBank, Temasek, Alpha Wave, Fidelity

What it does: Lenskart specialises in selling prescription eyewear as well as sunglasses to consumers through its online platform and offline stores. It has doubled down on its omnichannel play, taking the total count of its physical stores to 2,000, with the majority in India.

Company name: Innovaccer

xccelerate-innovaccerNapa2024Headshots-18 (1)ETtech

Sandeep Gupta, Abhinav Shashank and Kanav Hasija

Founded in: 2014

Founders: Abhinav Shashank, Kanav Hasija, Sandeep Gupta

Based in: San Francisco

Key investors: Mubadala, Tiger Global, Steadview, Dragoneer Investment, WestBridge Capital

What it does: Healthcare-focused software-as-a-service (SaaS) firm Innovaccer helps US healthcare firms digitise patient data records and unifies previously unorganised data to help them offer better quality care at lower cost. It has over 39 million patient details on its ‘health cloud’ and works with more than 96,000 healthcare providers.

Company name: Ola Electric

**EDS: RPT WITH DESIGNATION CORRECTION, TO GO WITH STORY** New Delhi: Ola Electr...PTI

Ola Electric founder and CMD Bhavish Aggarwal (PTI Photo/Subhav Shukla)

Founded in: 2017

Founder: Bhavish Aggarwal

Based in: Bengaluru

Key investors: Publicly listed

What it does: Ola Electric is an equipment manufacturer for electric scooters, started as a subsidiary of Bhavish Aggarwal’s ride-hailing business ANI Technologies. Riding the electric vehicle wave in India, Ola Electric has become one of the fastest startups to list on the bourses. With a significant pop post-listing, it crossed $7 billion market capitalisation.

Company name: Go Digit

Kamesh Goyal Digit FounderETtech

Founded in: 2017

Founders: Kamesh Goyal

Based in: Bengaluru

Key investors: Publicly listed

What it does: Go Digit offers general insurance products like vehicle insurance and two-wheeler insurance and provides fire and marine cover to business establishments. It works with a large distributor and agent network to sell policies.



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