In this video, we talk about Top 10 Startups from Mumbai - financial capital of India.

0:00 Intro
0:56 PepperFry
2:25 Jupiter
3:46 Zepto
5:38 Purplle
7:37 LEAD School
9:04 Acko
10:58 upGrad
12:14 Rebel Foods
14:31 CoinDCX
15:57 Pharmeasy

#10: PepperFry: The startup was founded by two former eBay employees, Ambareesh Murty and Ashish Shah, back in 2011 as Trendsutra Platform Services. In the beginning they were selling all e-commerce products, but they realised in early 2013 that if they were gonna succeed as a startup, they were gonna need to focus in on one product category, and that category ended up being furniture. Their last valuation was $462 million, during their Series F round in February of 2020.

#9 Jupiter: The company was started by Jitendra Gupta whose first big startup success was fintech startup Citrus Pay. They offer their customers legitimate bank accounts, and with these bank accounts, they can also offer products like Jupiter Edge which is a sort of buy now, pay later credit hybrid, a salary advance account, and a traditional debit card as well. They have raised $155 million at a valuation of $711 million.

#8 Zepto: It was started by two teenagers Aadit Palicha and Kaivalya Vohra. They first started
KiranaKart, a Mumbai-based grocery delivery startup that partnered with kiranas to deliver items to customers, but they quickly realised that being the middle-man between kiranas and customers wasn’t a scalable model so they launched Zepto in April 2021. Zepto is a soonicorn, they were last valued at $900 million back in May of 2022, and their investors have poured $360 million into the company.

#7 Purplle: This company was incorporated in 2011 as Manash Lifestyle Private Limited, by three IITans, Manish Taneja, Rahul Dash, and Suyash Katyayani and it is a omnichannel beauty startup like Nykaa. Purplle follows a marketplace model as oppose to Nykaa's inventory model. They have over 600 foreign and Indian brands on their marketplace, and were last valued at $1.1 billion in June of 2022, making them a unicorn.

#6 LEAD School: Started by Smita Deorah and Sumeet Mehta back in 2012, LEAD School is actually a B2B SaaS play - when a school signs up with LEAD, they gain access to LEAD’s international standard curriculum, their backend SaaS systems which allow faculty to manage things like admissions, students, classrooms, grades, all from a single online platform. They’ve got upwards of 3,500 schools signed up with them in more than 400 cities, and in 2022 they achieved a valuation of $1.1 billion.

#5 Acko: It was started by Varun Dua and Ruchi Deepak as a new insurance provider that would make the process of buying and claiming insurance fast, easy, and affordable. They got a licence to sell insurance in 2017, and today, they’ve sold car, taxi, bike, and health insurance to 50 million unique customers and they are currently valued at $1.1 Billion.

#4 upGrad: It was started by Mayank Kumar, Phalgun Kompalli, Ravijot Chugh, and Ronnie Screwvala, in March of 2015. Company focuses on higher education and upskilling and they were valued at $1.2 billion last year.

#3 Rebel Foods: It began with a single offline QSR restaurant in Pune, Faasos, in 2003 by Jaydeep Barman and Kallol Banerjee and today, Faasos has 500 restaurants across 10 countries making it the largest global Indian-origin quick service restaurant. Rebel Foods is a cloud kitchen startup, they operate something called internet kitchens, basically these are kitchens specifically catering to people ordering online using platforms like Swiggy or Zomato.

#2 CoinDCX: Founded by two friends Neeraj Khandelwal and Sumit Gupta in 2018, it is India’s first ever crypto unicorn. Today, they’re one of the leading crypto exchanges in India with more than 13 million users, and they’ve raised a total of $244 million from their investors at a $2 billion valuation as of August of 2021.

#1 Pharmeasy: Dharmil Sheth and Dhaval Shah, started this company in 2015 with a really simple, yet powerful goal: make healthcare completely doorstep deliverable in India. Pharmeasy acts as a middle-man between pharmacies and customers - a customer orders prescription medicine on Pharmeasy, Pharmeasy verifies the authenticity of that prescription, and then they place an order at the nearest pharmacy to that customer, and then Pharmeasy’s delivery driver picks the medicine up and delivers it to the customer. They are valued at $5.4 billion as of October of 2021.

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