Company name: Zepto
ETtechZepto 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
ETtechVidit 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
ETtechFounded 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
ETtechSandeep 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
PTIOla 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
ETtechFounded 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.