Delhi is the central hub for many emerging and newly founded startup companies constantly striving for innovation. Delhi provides facilities like incubation, resource allocation, funding opportunities, etc., for startups that have the potential to contribute to the growth of the country. Most startups conceived in a mega city like Delhi are exposed to more opportunities and resources, ultimately providing them with near-ideal working conditions. Here, we talk about some of the most prominent startups in Delhi.
Business landscape in Delhi
Delhi is a pivotal location for many reasons. The primary reason that makes Delhi such an excellent city for startups is the ample amount of human and material resources it has the potential to provide. Delhi is a city that never sleeps, similar to startups that have a never-stopping growth rate, given they have the potential to innovate and function properly. Another primary reason Delhi is such a good place for startups is the youth population in the city. Many tier 1 and tier 2 universities in Delhi provide innovative intellectuals with the proper resources to mitigate the ups and downs of a startup. More than 8,000 startups in Delhi are working towards innovating newer approaches for various problems.
List of top Startups in Delhi-NCR
Snapdeal
Industry– eCommerce
Company type– Private limited
Location– d1 272, Block D, Palam Extension, Mahavir Enclave, Delhi- 110075
Established in– 2010
The booming eCommerce company was once an infant startup in Delhi. The company raised $12 million in its initial funding round in 2011, which was a first among many startups in Delhi. The company started as an offline coupon store that then ventured into the eCommerce business, which had a lot of potential at that time.
Zomato
Industry– eCommerce
Company type– Limited
Location– Ground Floor, 12A, 94 Meghdoot, Nehru Place,. City
New Delhi– 110019.
Established in– 2012
Zomato was initially established as Foodiebay, an online platform for people to review and research restaurants and eateries. Soon enough, the company pivoted to being a food delivery platform catering to millions of postal codes throughout India, which was a giant step for the company. It is now India’s most significant food delivery company, delivering more than 3 million orders daily. The platform also provides services like making reservations, reviewing restaurants and grocery and commodity deliveries.
Stashfin
Industry– FinTech
Company type– private limited
Location– CRC-2, 1st Floor, Khasra No. 337, Mehrauli-Gurgaon Rd, Sultanpur, New Delhi- 110030
Established in– 2016
Stashfin is a digital lending platform that acts as a mediary for connecting individuals to lending services throughout India. The company focuses on digital means to lend money and to reduce the paper trail of monetary transactions amongst banks and loaning companies, thus focusing on reducing the overall carbon footprint they generate. The company focuses on application-based virtual loans based on a credit system that helps customers.
Hike
Industry– Blockchain, gaming
Company type– private limited
Location– 1, Nelson Mandela Marg, Shanti Kunj, B Block, Vasant Kunj II, Vasant Kunj, New Delhi- 110070
Established in– 2011
Hike is a popular cross-platform messaging application famous for its interface and compatibility. Hike became popular among youngsters due to its sticker-sharing feature, which enables users to send stickers to communicate humorously. Soon enough, the company ventured into the mobile gaming and blockchain technology sectors once they acquired enough funds.
CollegeDunia
Industry– Education
Company type– private limited
Location– 4TH FLOOR, Plot No. 418-419, AIHP SIGNATURE TOWER, Phase IV, Sector 18, Gurugram, Delhi- 122015
Established in– 2014
CollegeDunia is a popular platform for budding students to find a one-stop solution for anything related to college. Various moderators handle various aspects of the company, all of which focus on providing unadulterated content and information about more than 1,000 colleges across India. The startup also offers on-demand counselling and entrance exam forms that help students navigate the process of knowing what to choose.
Wingify
Industry– IT
Company type– private limited
Location– KLJ TOWER, 1104, North, Netaji Subhash Place, Pitampura, Delhi- 110034
Established in– 2009
Wingify was established in early 2009 and has soon become the SaaS hotspot for all your website needs. The company specialises in custom websites as a SaaS package for big and small businesses operating at any given scale. Wingify is one of the most innovative start-ups on this list that has grown from zero. The company’s vision is to offer top-class web optimisation tools to companies for a super competitive price.
Zostel
Industry– Hospitality
Company type– private limited
Location– 3rd Floor, The Circle, Huda City Centre, Sector 29, Gurugram, Delhi-122001
Established in– 2013
Zostel acts as a mediary lifesaver for budding travellers. The company owns stays in more than 40 locations across India and Nepal and aims to hit a goal of at least one stay in every single city by the end of 2023. Zostel is an innovative startup that aims to help travellers on a budget with super cheap hostel-like stays that provide unbeatable features at an unbeatable price point.
Delhivery
Industry– Logistics
Company type– Private limited
Location– Gurugran Sector 44, Delhi
Established in– 2011
Delhivery is another super successful venture born in Delhi, as the name suggests. The company is one of the only companies across India that is the prime choice for all logistical needs. Delhivery caters to businesses and customers for their parcels and offers cheap mass courier services. What makes Delhivery super cheap is its extensive network of franchised employees that help the company connect with even the most remote locations in India. The company focuses on speedy delivery for couriers and offers one-day and two-day deliveries.
TrulyMadly
Industry– Apps
Company type– Limited
Location– 2-A/3, Kundan Mansion, Asaf Ali Road, New Delhi- 110002
Established in– 2014
TrulyMadly is an online portal for people trying to enter the dating scene. TrulyMadly is India’s dating application that has also grown popular in the rest of South Asia.
OYO rooms
Industry– Hospitality
Company type– Private Limited
Location– Primary OYORooms.com HQ 9th Floor, Spaze Palazo, Southern Peripheral Road Sector-69, Gurugram, Delhi- 122001
Established in– 2013
OYO Rooms is another innovative startup that has given a makeover to more than 80% of India’s hotels. The company is the world’s third-largest and India’s largest hospitality chain, which was once a small hotel chain in Delhi and its neighbouring cities. Since its emergence, OYO has innovated a franchising model for their company that involves low-cost hotel chains to be a part of the company by rebranding themselves. This helps small-scale hotel owners join a much bigger chain that maintains assured quality checks and affordable prices. In turn, OYO gets a small share of the revenue generated by these hotels in exchange for using their name.
Commercial and real estate demand in Delhi
The commercial and real estate demand in Delhi is maintained by the ever-growing number of companies in Delhi, but also the fact that the city is a harbour for many hardworking individuals working full time for these startups.
Real Estate– Once these startups skyrocketed into the big leagues, they soon expanded their physical footprint to be present outside Delhi. These companies ensure the balance of commercial and real estate demand stays proportionately. This leads to a more even distribution of real estate spaces in the city.
Commercial Estate– The commercial space in Delhi is flourishing due to its exposure to top-level colleges and universities that shelter the brightest and most innovative individuals.
Impact of startups in Delhi
Delhi is the country’s second-largest startup city, with over 6,500 startups in the last two years alone. These startups have contributed significantly to single-handedly increasing the employment rate, the literacy rate, and the average per capita income. This is also due to the presence of universities like IIT and Delhi University, which harbour only the brightest persevering students.
FAQs
Which is the largest startup in Delhi?
Zomato, OYO, and Snapdeal are among Delhi's most successful startups.
Which startup in Delhi generated the most revenue?
Zomato and OYO are two of the biggest earning startups in Delhi.
How many startups are in Delhi?
There are currently more than 6,000 startups in Delhi.
Which is the hotel chain startup from Delhi?
OYO was established in 2012 and founded by CEO Ritesh Agarwal.
Is Delhi a good place for startups?
Delhi is amongst India's top three startup cities.
Which sector has the most startups?
The technology sector is seen to have the most number of startups in India.
Which is the best startup city in India?
Delhi, Bangalore, Hyderabad, Chennai, Mumbai are amongst the top startup cities in India.
Which startup is the richest in India?
Byju's is the richest startup in India, valued at $22 billion.
Which is the biggest food startup in India?
Zomato is India's most prominent food delivery services company, which started as a small-scale review portal out of Delhi.
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