Gurgaon has emerged as a hub for innovative startups in India. Its strategic location, proximity to major business centres and skilled workforce have fostered a nurturing startup environment. The symbiotic relationship between these startups and the real estate market is palpable. As these ventures grow, the demand for office spaces, research hubs and corporate offices has surged, reshaping the real estate landscape.
See also: Top advertising agencies in Gurgaon
Business landscape in Gurgaon
Gurgaon stands tall as a dynamic IT and business services hub. It is home to numerous IT parks and tech-driven businesses and has become an epicenter for technological innovations. Additionally, Gurgaon is witnessing a surge in healthcare, e-commerce and service-oriented startups, solidifying its position as a diverse business ecosystem.
Top Startups in Gurgaon
Paisabazaar.com
Industry: Fintech
Company type: Public
Location: Sector 32, Gurgaon, Haryana – 122002
Founded in: 2014
Paisabazaar.com, established in 2014, is a pioneering fintech platform in India. It serves as the largest online marketplace for a wide array of financial products. This includes loans, credit cards and other personal finance offerings. With an innovative approach to financial services, Paisabazaar.com has become a trusted platform for millions of users seeking expert financial advice and tailored products.
Urban Company
Industry: Home Services
Company type: Private
Location: Sector 65, Gurgaon, Haryana – 122018
Founded in: 2014
Urban Company, founded in 2014, has revolutionised the home services industry. Operating as a private entity, it caters to various household needs. From plumbing and electrical work to salon services and wellness, Urban Company provides a seamless platform for users to connect with reliable and certified service professionals. Its commitment to quality service has earned it a prominent position in the market.
CARS24
Industry: Automotive
Company type: Private
Location: Sector 18, Gurgaon, Haryana – 122015
Founded in: 2015
CARS24, established in 2015, stands at the forefront of the automotive sector. This private enterprise has redefined the process of buying and selling used cars. Through a technology-driven approach, CARS24 offers a hassle-free experience to users. The platform ensures transparency, convenience, and fair pricing, making it a preferred choice for individuals looking to trade pre-owned vehicles.
RentOk
Industry: Real Estate
Company type: Private
Location: DLF Phase 2, Gurgaon, Haryana – 122002
Founded in: 2020
Launched in 2020, RentOk addresses a critical aspect of the real estate industry. This private venture focuses on simplifying the rental management process. By leveraging technology, RentOk offers solutions that benefit both landlords and tenants. Its platform streamlines tasks related to property rentals, creating a seamless experience for all stakeholders.
Tartan
Industry: Artificial Intelligence
Company type: Private
Location: Sector 44, Gurgaon, Haryana – 122002
Founded in: 2018
Tartan, established in 2018, is an AI-driven platform that specialises in credit underwriting. With a focus on leveraging artificial intelligence and machine learning, Tartan provides innovative solutions for assessing creditworthiness. This private enterprise is dedicated to enhancing lending practices by introducing cutting-edge technology into the financial sector.
Disprz
Industry: EdTech
Company type: Private
Location: Sector 44, Gurgaon, Haryana – 122002
Founded in: 2015
Founded in 2015, Disprz is a leading player in the EdTech sector. This private entity offers a comprehensive learning and development platform tailored for enterprises. Disprz enables organisations to provide continuous learning opportunities to their employees. With a suite of advanced features, it empowers businesses to enhance the skills and knowledge of their workforce.
1mg
Industry: Healthcare
Company type: Private
Location: DLF Phase 5, Gurgaon, Haryana – 122002
Founded in: 2012
1mg, established in 2012, has emerged as a frontrunner in the healthcare sector. This private enterprise operates as a comprehensive healthcare platform, offering services such as online pharmacy and health information. 1mg’s commitment to quality and authenticity has garnered trust among users seeking reliable healthcare solutions.
Grofers
Industry: E-commerce
Company type: Private
Location: Sector 18, Gurgaon, Haryana – 122015
Founded in: 2013
Founded in 2013, Grofers has made a significant impact in the e-commerce space. This private venture specialises in online grocery delivery, catering to the daily needs of consumers. With a robust network and efficient delivery mechanisms, Grofers has become a preferred choice for individuals seeking convenient and reliable grocery shopping.
Better.com
Industry: Fintech
Company type: Private
Location: DLF Phase 2, Gurgaon, Haryana – 122002
Founded in: 2016
Better.com, established in 2016, is a private digital mortgage lender. It has redefined the home buying process by leveraging technology to streamline and simplify mortgage transactions. Better.com’s user-centric approach and commitment to transparency have positioned it as a leading player in the fintech and real estate sectors.
Pristyn Care
Industry: Healthcare
Company type: Private
Location: Sector 44, Gurgaon, Haryana – 122002
Founded in: 2018
Pristyn Care, founded in 2018, is a private healthcare venture specialising in advanced surgical care. With a focus on patient comfort and rapid recovery, Pristyn Care has gained recognition for its innovative approach to healthcare. The company’s commitment to providing high-quality surgical solutions has made it a trusted choice for patients seeking specialised medical care.
Oyo
Industry: Hospitality and Travel
Company type: Private
Location: 9th Floor, Spazz Palazo, Sector 69, Gurugram, Haryana, 122101
Founded in: 2014
OYO is a popular name when it comes to hotels for about millions of customers worldwide. It is a global hotel chain that is known for its budget and mid-range accommodations. Over the past eight years, the startup has quickly risen towards success and has also earned a title of being one of the world’s largest hotel chains.
Hector Beverages
Industry: Food and Beverage
Company type: Private
Location: B-82, South City 1, Gurgaon – 122001 (Near Signature Towers)
Founded in: 2014
Hector Beverages, also widely known as Paper Boat, offers a taste of nostalgia and cultural flavours to its consumers through its traditional and regional beverages. Through this strategy, the company has gained a loyal consumer base. It has also captured the attention of many with the help of their creative marketing campaigns.
Rivigo
Industry: Logistics and Transportation
Company type: Private
Location: Plot No. 90, Sector – 44, Gurugram, Haryana – 122003
Founded in: 2013
Rivigo, a tech-enabled logistics company, primarily focuses on improving the efficiency and reliability of the transportation industry, particularly in trucking and supply chain solutions. The company has a diverse client base that includes e-commerce giants and manufacturing companies.
Commercial real estate demand of Gurgaon Startups
Office space: The burgeoning startup scene in Gurgaon has spurred a significant demand for office spaces, prompting developers to create innovative co-working and collaborative work environments.
Rental property: The influx of professionals seeking startup opportunities has increased demand for rental properties in Gurgaon. This has propelled the development of residential complexes near major business hubs.
Impact: The startup ecosystem has revitalised Gurgaon’s real estate market. The demand for mixed-use developments has led to the creation of vibrant neighbourhoods that cater to the needs of both professionals and residents.
Impact of Gurgaon Startups
The influx of startups in Gurgaon has elevated the city’s economic stature and redefined the real estate landscape. The city has witnessed a surge in demand for innovative office spaces and residential complexes, creating a dynamic and self-sustained urban environment.
FAQs
How many startups are there in Gurugram?
Gurgaon is home to over 8,500 startups, making it a vibrant hub for entrepreneurial ventures in India.
Is Gurgaon a startup hub?
Yes, Gurgaon is considered a significant startup hub in India. It boasts a thriving ecosystem with a high concentration of startups across various industries, including technology, e-commerce, fintech, health tech, and more.
How many unicorns are there in Gurgaon?
Gurgaon is home to several unicorns, privately held startups valued at over $1 billion. Some of the well-known unicorns based in Gurgaon include PolicyBazaar and Paytm.
What industries do Gurgaon startups primarily focus on?
Gurgaon startups primarily focus on industries such as technology, e-commerce, FinTech, healthcare and real estate.
What is the driving force behind the success of Gurgaon startups?
The strategic location, availability of a skilled workforce and a conducive business environment are key factors contributing to the success of startups in Gurgaon.
How do Gurgaon startups impact the real estate market?
Gurgaon startups have increased demand for office spaces and residential properties, driving innovation in real estate developments.
What are some notable achievements of Gurgaon startups?
Gurgaon startups have achieved significant milestones, including successful funding rounds, technological innovations and expansions into international markets.
How do Gurgaon startups contribute to employment generation?
Gurgaon startups play a crucial role in generating employment opportunities and attracting talent from various parts of the country.
What role does the government play in supporting Gurgaon startups?
The government provides various incentives, such as tax benefits and funding opportunities, to nurture and support the growth of startups in Gurgaon.
How does Gurugram compare to other Indian cities in terms of startup activity?
Gurugram is one of the leading startup hubs in India, alongside cities such as Bangalore, Mumbai and Delhi. It boasts a vibrant ecosystem with a high concentration of innovative startups.
How does the presence of startups impact the local economy in Gurugram?
Startups in Gurgaon contribute significantly to the local economy by creating jobs, driving innovation and attracting talent and investment to the region.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
