Gold jewellery has always held a special place in India, admired as a mark of grace and timeless charm. Whether it’s a wedding ceremony, festive season, or even a long-term investment, gold jewellery often plays a vital role in every Indian household.
India stands as the second-largest consumer of gold globally. What’s leading this growth? Rising incomes, changing lifestyles, and a clear shift in preference toward trusted and branded jewellery. Moreover, jewellery franchises have now become one of the most rewarding business ventures in India, offering not just steady returns but also the credibility that comes with an established brand.
If you have been exploring investment options in this space, let’s take a closer look at the top jewellery franchise opportunities in India for 2025.
Innovation and Emerging Trends in the Indian Jewellery Market
As we look ahead to 2025, the Indian jewellery market is poised for continued growth, driven by evolving consumer preferences and a thirst for innovation. Personalized and bespoke jewellery is becoming increasingly popular, with customers seeking pieces that reflect their individuality and style. To stay ahead, brands will need to focus on innovative designs, cutting-edge materials, and distinctive concepts.
Collaborations with international designers are likely to rise, creating a fusion of global trends with India’s rich traditional aesthetics. At the same time, new materials like titanium, tungsten, and lab-grown diamonds are gaining traction, offering consumers more sustainable, durable, and versatile options.
Benefits of Investing in a Jewellery Franchise in India
Advantages of Jewellery Franchise in India
Strong Brand Recognition: India has a deep-rooted love for jewellery, and well-known brands enjoy immense trust among consumers. By joining a reputed franchise, you instantly gain access to an established customer base, reducing the challenges of building a brand from scratch.
Diverse Product Range: Franchise brands offer a wide variety of jewellery in gold, diamonds, platinum, and even bespoke designs. This allows franchise owners to cater to different tastes, budgets, and occasions, attracting a broader customer segment.
High Profit Potential: Jewellery is considered a valuable investment that retains value. Franchisees benefit from high-profit margins, repeat customers, and steady demand, making it a financially rewarding business.
Cultural Relevance & Evergreen Demand: In India, jewellery plays a central role in festivals, weddings, and life milestones. Its cultural significance ensures consistent demand, making the jewellery business a reliable and evergreen industry for entrepreneurs.
List of the Best Jewellery Franchises in India
Kalyan Jewellers
Foundation Date
1993
Investment Required
INR 1–3 Crore
Space Needed
1000–3000 sq. ft.
Franchised Units
150+
Kalyan Jewellers – Best Jewellery Franchises in India
Kalyan Jewellers has grown into a household name, admired for its transparent pricing and customer-first policies. The brand’s strong presence in South India, coupled with a successful IPO, showcases its strength and trust in the market. With a wide selection of gold, diamond, and platinum pieces, it offers franchisees a profitable business model backed by brand credibility.
Tanishq
Foundation Date
1994
Investment Required
INR 1–3 Crore
Space Needed
2000–5000 sq. ft.
Franchised Units
200+
Tanishq – Best Jewellery Franchises in India
Tanishq, a part of the Tata-backed Titan Company, has earned its reputation as one of India’s most trusted jewellery brands. Known for its breathtaking bridal collections and everyday wear designs, Tanishq combines traditional artistry with contemporary flair. Its wide customer base and consistent brand campaigns make it a safe bet for franchise investors.
PC Jeweller
Foundation Date
2005
Investment Required
INR 1–3 Crore
Space Needed
1000–2500 sq. ft.
Franchised Units
100+
PC Jeweller – Best Jewellery Franchises in India
PC Jeweller has become synonymous with luxury and timeless craftsmanship. Specializing in gold and diamond jewellery, the brand has expanded rapidly with modern showrooms across India. Its strength lies in creating pieces that celebrate personal milestones, making it a strong contender in the franchise space.
Malabar Gold & Diamonds
Foundation Date
1993
Investment Required
INR 1–2 Crore
Space Needed
400–1000 sq. ft.
Franchised Units
400+
Malabar Gold & Diamonds – Best Jewellery Franchises in India
One of India’s fastest-growing jewellery retailers, Malabar Gold & Diamonds, is recognized globally for its innovative approach and strong digital presence. The brand focuses on blending traditional designs with modern aesthetics, catering to both Indian and international customers. With stores spread across 10+ countries, it offers franchise partners a chance to join a truly global brand.
Senco Gold & Diamonds
Foundation Date
1938
Investment Required
INR 1–2 Crore
Space Needed
1000–3000 sq. ft.
Franchised Units
170+
Senco Gold & Diamonds – Best Jewellery Franchises in India
Senco Gold & Diamonds is one of India’s oldest jewellery brands, especially dominant in Eastern India. Known for affordable yet premium jewellery, Senco has made its mark by offering handcrafted pieces that combine traditional artistry with modern trends. With over 100 stores across the country, it provides franchisees with an established network and brand visibility.
Bluestone disrupted the traditional jewellery market with its digital-first approach and customizable designs. Today, it caters to modern buyers with a wide range of stylish jewellery, including rings, earrings, bangles, and bracelets. With both online and offline presence, Bluestone has become a go-to choice for younger customers seeking contemporary designs.
Gitanjali Jewels
Foundation Date
1966
Investment Required
INR 1–2 Crore
Space Needed
500–1000 sq. ft.
Franchised Units
70+
Gitanjali Jewels – Best Jewellery Franchises in India
Gitanjali Jewels is known for its vast portfolio of gold, diamond, and lifestyle jewellery. With a wide range of collections catering to different customer preferences, franchise owners get the benefit of serving multiple segments under one brand. Its diversified product mix makes it an attractive option for investors.
Nakshatra Diamonds
Foundation Date
2000
Investment Required
INR 1–3 Crore
Space Needed
500–900 sq. ft.
Franchised Units
40+
Nakshatra Diamonds – Best Jewellery Franchises in India
Nakshatra Diamonds is celebrated for its elegant diamond jewellery collections that embody both beauty and value. Positioned as a premium brand, it appeals to urban customers looking for exclusive, high-quality pieces. For franchise owners, Nakshatra offers a niche opportunity to specialize in diamonds, a segment with growing demand in India.
CaratLane
Foundation Date
2000
Investment Required
INR 50 Lakhs
Space Needed
250–500 sq. ft.
Franchised Units
30+
CaratLane – Best Jewellery Franchises in India
A pioneer in the online jewellery space, CaratLane has transformed how millennials buy jewellery. Now a subsidiary of Titan, the brand combines sleek, modern designs with budget-friendly pricing. Its unique “phygital” model, where customers can browse online and experience in-store, makes it a trendsetter in the industry.
Kisna Jewellers
Foundation Date
2005
Initial Investment
INR 1 Crore
Space Needed
500–1500 sq. ft.
Franchise Units
40+
Kisna Jewellers – Best Jewellery Franchises in India
Kisna Jewellers, founded in 2005, offers a wide range of beautiful jewellery for all occasions. The brand focuses on variety and innovative designs, giving franchise owners a chance to cater to different customer tastes and preferences.
Conclusion
Jewellery franchises in India are an opportunity to embark on an entrepreneurial journey that blends tradition with modern success. With a rich cultural heritage, a wide and diverse customer base, and high-profit potential, these franchises offer a solid path to long-term growth.
By partnering with a trusted brand, franchise owners gain access to established systems, marketing support, and loyal customers, reducing the risks of starting from scratch. As trends like digital shopping, personalized designs, and sustainable jewellery continue to grow, the potential for innovation and expansion in this sector is immense. For anyone looking to invest in a business that combines passion, culture, and profitability, jewellery franchises in India shine as a rewarding opportunity.
What are the emerging jewellery trends in India for 2025?
Key jewellery trends in India for 2025 include personalized jewellery, lab-grown diamonds, sustainable materials, fusion designs with global influences, and digital-first shopping experiences.
How much space is required to open a jewellery franchise showroom?
The space requirement for a jewellery franchise showroom varies from 250 sq. ft. to 5000 sq. ft., depending on the brand’s positioning and product range.
In India’s vast and traditional jewellery market, few names shine as brightly as Gaurav Singh Kushwaha. He didn’t just enter the industry, but reimagined it through his visionary approach.
At a time when buying gold or diamonds was often associated with hesitation, skepticism, and limited access, he recognized an opportunity to bridge the trust gap between customers and jewellers.
With a keen eye for technology and a deep understanding of consumer behaviour, he set out to build a digital-first, customer-focused brand that could make jewellery shopping seamless, transparent, and modern.
His journey, marked by bold ideas, calculated risks, and relentless perseverance, stands as a compelling example of how innovation and determination can take over even the most traditional industries.
Gaurav Singh Kushwaha – Biography
Full Name
Gaurav Singh Kushwaha
Nationality
Indian
Education
B.Tech in Computer Science from the Indian Institute of Technology, Delhi
Current Role
Founder & CEO, BlueStone.com
Achievements
-Built BlueStone into one of India’s leading online jewellery brands – Recognized as a pioneer in digital jewellery retail – Featured in leading business publications for innovation
Gaurav Singh Kushwaha’s journey began with a computer science degree from IIT Delhi, which equipped him with analytical skills and a problem-solving mindset. He started his career at Amazon, gaining firsthand experience in e-commerce operations and consumer behaviour.
However, driven by a desire to modernize the traditional jewellery industry, Kushwaha ventured into entrepreneurship. A pivotal moment in his journey was a conversation with industrialist Ratan Tata, whose advice to focus on building a scalable and innovative business deeply resonated. This mentorship became a guiding light for Kushwaha, shaping BlueStone’s growth strategy and future success.
Gaurav Singh Kushwaha – The Vision Behind BlueStone
Founded in 2011, BlueStone is an online jewellery brand with the vision of Gaurav Singh Kushwaha to transform how people experience fine jewellery. At a time when jewellery shopping was largely confined to physical stores, Kushwaha imagined a platform that would combine the convenience of e-commerce with the elegance of premium-quality jewellery. His idea was simple yet revolutionary: offer a seamless, personalized, and transparent shopping experience that caters to the modern consumer. Today, BlueStone enables customers to browse and purchase a wide range of gold, diamond, and platinum jewellery; all from the comfort of their homes, while ensuring trust and quality at every step.
Kushwaha’s entrepreneurial foresight was instrumental in aligning BlueStone with the evolving needs of India’s digital-savvy shoppers. He recognized that today’s customers value convenience, transparency, and customization, and built a platform that delivers on all three. This vision has not only propelled BlueStone to the forefront of the online jewellery industry but also established Gaurav Singh Kushwaha as a pioneer in digital jewellery retail.
Bluestone’s journey from a small online venture to one of India’s leading jewellery e-commerce brands is a testament to Gaurav Singh Kushwaha’s strategic foresight and leadership. By spotting market trends, embracing new technologies, and consistently adapting to customer needs, he has positioned Bluestone as a trusted, modern brand in a traditionally conservative industry.
Significant investments have further fueled the company’s growth, allowing Bluestone to enhance its technology, product offerings, and customer service. Today, the brand enjoys a loyal following while continuing to attract new customers with its innovative, customer-first approach, making Bluestone a shining example of how vision and perseverance can transform an industry.
Key growth milestones include:
Over 1,000,000 unique monthly visitors on the BlueStone platform.
International expansion, with shipping now available to the US, UK, Canada, and Australia.
Recognized as the Best Online Jewelry Portal by the India Bullion and Jewellers Association.
Surpassed 2,000,000 unique monthly visitors, showing significant growth in user engagement and popularity.
A major milestone in this journey was BlueStone’s IPO, with Kushwaha holding a 17.7% stake. His initial investment of INR 117 crore grew to over INR 1,340 crore, reflecting the company’s strong market valuation and highlighting the potential of online-first jewellery retailers.
Gaurav Singh Kushwaha – Innovation and Customer-Centric Approach
Under Gaurav Singh Kushwaha’s leadership, Bluestone has continually redefined what it means to shop for jewellery online. One of the brand’s most groundbreaking innovations is its ‘Make Your Own’ feature, which allows customers to design personalized jewellery pieces by choosing the metal, design, and stones they prefer. This level of customization ensures that every purchase becomes a truly personal experience, turning ordinary jewellery into something deeply meaningful.
Kushwaha also understood that in the online jewellery space, trust and transparency are paramount. To address customer concerns, Bluestone offers a 30-day return policy and free lifetime exchange, setting a new standard for customer service in the industry. Every jewellery piece comes with certification from reputable institutions, giving buyers confidence in the authenticity and quality of their purchase. By putting the customer first, Bluestone has transformed the way Indians shop for jewellery online.
Gaurav Singh Kushwaha – Sustainability and Ethical Practices
Beyond innovation, Gaurav Singh Kushwaha has made sustainability and ethics central to Bluestone’s operations. The company works closely with responsible suppliers who adhere to ethical sourcing and production practices, ensuring that diamonds are conflict-free and metals are responsibly sourced.
Kushwaha has also championed eco-friendly initiatives, from sustainable packaging to efforts in reducing the company’s carbon footprint. These steps highlight his vision of building a business that not only delivers high-quality jewellery but also contributes positively to society and the environment.
Gaurav Singh Kushwaha – Future Outlook and Strategic Plans
Under Gaurav Singh Kushwaha’s leadership, BlueStone is gearing up for major growth and expansion in the coming years. Here’s what’s on the horizon:
Upcoming IPO
BlueStone plans to raise around INR 2,000 crore ($240 million) through its upcoming IPO, which will involve 10–15% of its equity, including both fresh shares and an offer for sale from existing investors. The company intends to file its draft red herring prospectus later this year, with a public listing expected soon after.
Expansion Across Stores and Cities
Store Growth: BlueStone currently operates about 220 offline stores and plans to expand to 400 stores within the next 12–18 months, strengthening its omnichannel presence.
Geographic Reach: The company is focusing on urban and tier-2 cities, tapping into the growing demand for jewellery and catering to consumers who prefer a seamless online-to-offline shopping experience.
Financial Performance and Profitability Goals
Revenue Growth: The company’s operating revenue rose 67% to INR 771 crore in FY23 from INR 461 crore in FY22, with FY24 expected to reach around INR 1,200 crore.
Profitability Targets: BlueStone aims to achieve EBITDA profitability by March 2025, having already reduced losses significantly from INR 1,268 crore in FY22 to INR 167 crore in FY23.
Technology and Innovation
Digital Enhancements: The company is integrating AI for personalized recommendations and AR for virtual try-ons, creating a smooth and interactive shopping experience.
Continuous Innovation: BlueStone plans to invest further in technology, upgrading its online platform and introducing advanced features to stay ahead of changing consumer behaviour.
Gaurav Singh Kushwaha – Awards and Recognition
Gaurav Singh Kushwaha has garnered significant recognition for his contributions to the jewellery and e-commerce sectors:
Fortune India’s 40 Under 40: In 2015, he was featured in this prestigious list, highlighting his leadership in transforming the online jewellery market. Board
Luxury e-Retailer of the Year: He was awarded at the 4th Indian Retail & e-Retail Awards in 2014, reflecting Bluestone’s excellence in the luxury e-commerce space.
FAQs
Who is Gaurav Singh Kushwaha?
Gaurav Singh Kushwaha is the Founder and CEO of BlueStone.com, one of India’s leading online jewellery brands.
What is the educational background of Gaurav Singh Kushwaha?
Gaurav Singh Kushwaha holds a B.Tech in Computer Science from IIT Delhi, which laid the foundation for his strong analytical and problem-solving skills that later shaped his entrepreneurial journey.
When was BlueStone founded?
BlueStone was founded in 2011 by Gaurav Singh Kushwaha.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations.
BlueStone is a renowned online jewelry brand that has revolutionized the way consumers shop for fine jewelry in India. With a focus on quality and design, BlueStone ensures that each piece is crafted with precision, using ethically sourced materials. The brand’s user-friendly platform allows customers to customize designs, making the jewelry shopping experience personal and engaging.
This StartupTalky article explores BlueStone’s journey, innovative business model, and its impact on the Indian jewelry market.
Since its launch in 2011, BlueStone has grown into one of India’s go-to destinations for elegant, high-quality jewelry. Whether you’re looking for something timeless or trendy, they’re here to elevate your jewelry experience with a blend of creativity, quality, and personalized service.
They offer a dazzling collection of over 8,000 unique designs—each one crafted with meticulous care and attention to detail. What makes them stand out? You have the freedom to tailor your jewelry exactly to your liking. Adjust the gold purity, color, or diamond clarity to fit your style and occasion with a motto of ‘Your vision, your jewelry!’
Their stores are more than just a place to shop—they’re designed to offer an immersive experience. With a welcoming atmosphere, knowledgeable staff, and the sparkle of their stunning collections, each visit is a memorable one. Team BlueStone strives to make every customer feel at home while exploring the brilliance of their jewelry.
Behind each piece is their award-winning design team, ensuring that every product you pick up is a masterpiece. Leveraging cutting-edge technology and innovative craftsmanship, they bring you jewelry that shines as bright as your special moments. Whether you’re buying for yourself or a loved one, BlueStone promises excellence in every detail.
BlueStone – Industry
India’s jewelry industry plays a vital role in the nation’s economy, contributing around 7% to its GDP as of early 2022, and employing approximately 5 million people. The sector, especially known for its gold and diamond trade, has immense growth potential, making it a key focus for export promotion. Recent initiatives by the government, such as allowing 100% Foreign Direct Investment (FDI) and signing the Comprehensive Economic Partnership Agreement (CEPA) with the UAE, have further boosted this potential by enhancing global market access and encouraging investment.
Despite a slight decline in exports in FY24, India’s gems and jewelry industry remains strong, with its market size expected to reach $100 billion by 2027. The future growth will likely be driven by the rise of organized retail brands, which bring innovation, diverse products, and expanded market reach. Additionally, relaxed gold import restrictions, stabilizing gold prices, and low-cost gold loans are set to fuel further expansion in the sector. India’s status as a hub for jewelry manufacturing, with over 450 organized players, ensures it will continue to play a significant role in global markets.
BlueStone – Founders and Team
Gaurav Singh Kushwaha
Gaurav Singh Kushwaha – CEO and FOunder, BlueStone
CEO and Founder Gaurav Singh Kushwaha, the visionary founder and CEO of BlueStone, has reshaped India’s fine jewelry market with his innovative approach to blending the digital and physical shopping experience. An IIT Delhi alumnus, Gaurav’s entrepreneurial journey spans over two decades, during which he pioneered India’s first Web 2.0 portal, tapping into the early wave of social media and carving out a name as a forward-thinking leader.
Before launching BlueStone, Gaurav Singh Kushwaha co-founded Chakpak, an online entertainment portal, in 2007. Under his leadership, Chakpak secured two rounds of funding, marking his first entrepreneurial success. Before his ventures, Gaurav gained valuable experience working at Amazon, both in the USA and India, where he honed his skills in tech and business strategy. These experiences laid the foundation for his entrepreneurial journey, ultimately leading him to establish BlueStone and revolutionize the fine jewelry industry.
Sudeep Nagar
Sudeep Nagar – COO, BlueStone
Sudeep Nagar, the COO of BlueStone, has been a driving force behind the company’s evolution into a leading omnichannel fine jewelry brand in India. A graduate of IIM Ahmedabad, Sudeep brings a wealth of experience from his work in tech, sales, and luxury real estate, skills he has skillfully applied to BlueStone over the past decade. Before his pivotal role at BlueStone, Sudeep Nagar served as the Deputy General Manager of Sales Strategy and Planning at the Lodha Group. He has also worked at Computer Sciences Corporation (CSC) and HCL Technologies. His strategic insights and experience in this position helped shape his understanding of market dynamics and customer needs.
BlueStone – Startup Story
Gaurav Kushwaha is more than just the founder and CEO of BlueStone Jewellery; he’s a trailblazer who identified the immense potential within the online jewelry sector. A daring entrepreneur at heart, Gaurav excels in creating businesses that challenge the norm while achieving profitability.
His entrepreneurial path began at the young age of 27 when he launched his first website in 2006 – Chakpak. It was a popular movie review platform where users could engage, debate, and share their views on films. Within just three years, it rose to become one of the top 50 websites in India, showcasing its widespread appeal.
Building on this success, founder Gaurav Kushwaha, along with Vidya Nataraj, ventured into the world of fine jewelry by starting BlueStone in 2011. BlueStone quickly gained recognition as a leading online destination for exquisite jewelry, offering customers high-quality, customizable pieces with a seamless shopping experience.
One of its remarkable achievements includes securing a personal investment from Ratan Tata, a distinguished figure in Indian business.
The first meeting with Tata in Mumbai was a noteworthy moment in Gaurav’s journey. Rather than simply pursuing financial support, Gaurav sought to learn from the respected entrepreneur. Tata’s guidance was straightforward yet impactful: prioritize creating value for customers and strive to build an outstanding product, service, and workplace culture. This mantra has been instrumental for Gaurav and his team at BlueStone.
BlueStone – Mission and Vision
Mission Statement: At BlueStone, the mission is to deliver exquisite jewelry that resonates with every individual’s unique style and occasion. Each piece is individually crafted and undergoes rigorous quality checks to ensure that it meets the highest standards of purity and authenticity before it reaches your doorstep. Whether you’re looking for plain gold, dazzling diamonds, or vibrant gemstone jewelry, BlueStone offers a design to suit every mood and budget.
Vision: The vision of BlueStone revolves around building trust and transparency in the jewelry industry. They are committed to maintaining ethical practices across social, environmental, and business dimensions, ensuring no compromise on integrity. By allowing customers to personalize their jewelry choices, BlueStone fosters a lifelong relationship, offering a seamless exchange experience and a commitment to customer satisfaction that extends far beyond the initial purchase.
BlueStone – Name, Tagline and Logo
BluesStone Logo
The BlueStone logo is a stunning embodiment of luxury and elegance, featuring a harmonious blend of blue and white hues. The glossy finish of the logo reflects sophistication, instantly capturing the eye and conveying a sense of refined quality. The deep blue symbolizes trust and reliability, while the crisp white accentuates purity and clarity, echoing the brand’s commitment to authenticity in every piece of jewelry. This striking logo not only represents the essence of BlueStone but also resonates with customers seeking exquisite craftsmanship and a touch of elegance in their jewelry choices.
BlueStone – Business Model
BlueStone has carved a niche for itself in the online jewelry retail industry with a forward-thinking eCommerce business model. By integrating technology, craftsmanship, and customer engagement, the brand has become a dominant player in this competitive space. Here’s a closer look at how BlueStone operates:
Online Retail Focus: Customers can easily browse, customize, and purchase jewelry from the comfort of their homes.
B2C Model: Eliminates the need for middlemen, enhancing cost efficiencies and providing a personalized shopping experience.
Extensive Product Range: Offers over 8,000 unique designs, including rings, bracelets, and everyday accessories, catering to diverse customer preferences.
Money Return Guarantee: Provides a 30-day money-back guarantee to build trust and confidence in purchases.
Customization Options: Customers can tailor their jewelry to their liking, enhancing engagement and satisfaction.
Quality Assurance: Ensures that every piece meets high-quality standards with full transparency in pricing and materials.
Physical Retail Presence: Maintains physical stores alongside the online platform to offer a comprehensive shopping experience.
Quick Delivery Options: Includes next-day delivery to enhance customer convenience.
Try-at-Home Service: Allows customers to try jewelry from home, avoiding crowded retail environments.
Customer Incentives: Offers Blue Cash, discounts, and subscription plans to foster customer loyalty and engagement.
BlueStone – Revenue Model
The revenue model of BlueStone is strategically designed to maximize earnings through multiple streams. By focusing on product sales, customization, and innovative subscription plans, BlueStone ensures a sustainable and profitable business. Here’s how BlueStone generates revenue:
Product Sales: The primary source of income comes from the sale of jewelry items via both online and physical stores.
Customization Fees: Additional charges apply to customers who choose to personalize their jewelry, contributing to revenue growth.
Subscription Plans: Offers programs like the Gold Mine 10+1 Plan, providing members with exclusive discounts and offers, and encouraging repeat business.
Strong Customer Service: Committed to exceptional customer experience, which drives repeat purchases and increases overall sales.
User-Friendly Interface: An easy-to-navigate platform that enhances customer satisfaction and boosts conversion rates.
Quality and Authenticity: The brand’s commitment to high standards ensures customer trust, leading to increased sales and referrals.
BlueStone – Challenges Faced
The jewelry industry has traditionally lacked the incentive to embrace technological advancements due to its fundamentally different business model, as noted by Gaurav Singh Kushwaha, founder and CEO of BlueStone. While the Indian eCommerce market has rapidly expanded, creating an illusion of permanence in online shopping, many consumers were still in college when Flipkart launched just a decade ago. The evolution of Indian eCommerce began with commoditized products like books and electronics, eventually branching out into more personal categories such as apparel and jewelry.
In contrast to conventional jewelers, who maintain substantial inventories for customers to explore in-store, BlueStone operates with a vast catalog of over 6,000 designs that are made to order. To address this unique challenge, BlueStone invested significantly in technology and logistics—not merely for website functionality like most eCommerce platforms but specifically for the manufacturing processes of the jewelry they sell. By establishing its manufacturing facility that is closely integrated with its website, BlueStone has innovated across the entire production chain, enabling it to create products within a three to five-day timeframe. This operational model aligns more closely with companies like Lenskart, which manufactures glasses on demand, rather than traditional marketplaces such as Flipkart or Amazon.
BlueStone – Funding and Investors
Since its founding, BlueStone has reached impressive milestones. The company attracted a substantial investment of INR 100 crore from Nikhil Kamath, co-founder of Zerodha. With manufacturing facilities in Mumbai and Jaipur, BlueStone has successfully enhanced its production capabilities.
Following several funding rounds from both emerging and established investors, the company’s valuation skyrocketed to around $970 million.
Date of Funding
Funding Amount
Round Name
Investors
August 22, 2024
INR 900 crore
Series F
Peak XV Partners, Prosus, Think, Pratithi Investments Steadview
BlueStone is positioning itself as a key player in India’s jewelry market, competing with major brands like Titan’s Tanishq, Kalyan Jewellers, and Senco Gold. Founded by Gaurav Singh Kushwaha and Vidya Nataraj in 2011, BlueStone has expanded its operations to include over 203 physical stores across 86 cities in 26 states and union territories in India as of June 30, 2024.
The company offers a catalog of over 7,000 unique jewelry designs. BlueStone manufactures its jewelry in Mumbai, Jaipur, and other locations. Initially an e-commerce brand, BlueStone ventured into offline retail with its first store in Delhi’s Pacific Mall in 2018 and has since expanded to multiple locations across the country.
BlueStone – Financials
BlueStone Financials
FY25
FY24
Operating Revenue
INR 1770 crore
INR 1266 crore
Total Expenses
INR 2050 crore
INR 1446 crore
Profit/Loss
Loss of INR 222 crore
Loss of INR 142 crore
BlueStone Financials
The company’s sole revenue stream was the sale of diamond, gold, platinum, gemstone, and pearl jewelry, with an average order value (AOV) of INR 47,671 in FY25. This growth was steered by increasing store maturity and a broader product portfolio. The Bengaluru-based company operated 275 stores across 117 cities in 26 states and union territories by March 2025.
Meanwhile, online sales contributed only 6.66% of the total sales, while the rest of the income came from stores and other channels.
On the expense side, Bluestone’s cost of materials remained its largest expense head, which increased by 46% to INR 1,098 crore and accounted for 54% of total expenses. Employee benefit expenses rose 47% to INR 203 crore, while advertising costs stood at INR 159 crore, up 28% from FY24.
Other operational expenses and finance costs contributed another INR 643 crore. Overall, total expenses rose 42% to INR 2,050 crore in the last fiscal year (FY25) from INR 1,446 crore in FY24.
BlueStone – IPO
BlueStone has received approval from the Securities and Exchange Board of India (SEBI) for its upcoming Initial Public Offering (IPO). The IPO will include a fresh issue of shares worth INR 1,000 crore and an Offer For Sale (OFS) of up to 23,986,883 equity shares by existing shareholders.
The company intends to allocate INR 750 crore from the fresh issue to fund working capital requirements and for general corporate purposes. The offering will follow a book-building process, with at least 75% of the net offer reserved for Qualified Institutional Buyers (QIBs), up to 15% for Non-Institutional Investors (NIIs), and up to 10% for Retail Individual Investors (RIIs).
BlueStone – Online and Social Media Presence
BlueStone employs a multifaceted digital marketing strategy that leverages the strengths of both online marketing and social media to craft a comprehensive promotional plan. By collaborating with well-known actresses, celebrities, and influencers, the brand effectively targets its desired audience, creating a direct connection that resonates with potential customers. Their commitment to cultivating a robust following across various social media platforms has significantly enhanced engagement and bolstered brand visibility. Campaigns featuring prominent Indian figures, like Alia Bhatt, exemplify their approach, further solidifying their allure among consumers.
Recognizing the importance of deeper engagement with their audience, BlueStone has strategically focused on the modern Indian woman, whose interest in jewelry is driven more by fashion and aspiration than by investment value. To address this, the brand has developed captivating social media campaigns tailored to resonate with its audience, successfully capturing attention and igniting interest in its diverse jewelry offerings.
To maximize the effectiveness of its messaging, BlueStone has seamlessly integrated its campaigns across email communications and below-the-line (BTL) initiatives, ensuring a consistent and cohesive brand narrative throughout all channels. Additionally, the company has produced engaging web film scripts to raise awareness about its services, demonstrating its commitment to enhancing customer interaction. Through these innovative digital marketing approaches, BlueStone continues to solidify its position as a trendsetter in the jewelry industry.
Outstanding e-Retail Performance: BlueStone’s excellence in the online retail space.
Best Online Jewellery Portal: Awarded by the India Bullion and Jewellers Association.
Luxury e-Retailer of the Year: Awarded at the 4th Indian Retail & e-Retail Awards in 2015.
Fortune India’s “40 Under 40”:Gaurav Kushwaha, CEO of BlueStone, was featured in this list, recognizing him as one of India’s top young entrepreneurs driving innovation and growth in the jewelry sector.
BlueStone – Competitors
Bluestone’s close competitor, CaratLane, which is owned by Titan, reported impressive financial results for FY24, with INR 3,081 crore in revenue and a INR 79 crore profit. Other competitors:
Bluestone is focusing on aggressive expansion, both online and offline, to solidify its position in the jewelry market. They plan to grow their store network, enhance their omnichannel presence, and leverage technology for a seamless customer experience. The company also plans to launch an IPO to raise capital for these expansion plans and for general corporate purposes.
FAQs
What is BlueStone?
Established in 2011, BlueStone is India’s leading destination for high-quality fine jewelry with strikingly exquisite designs. It is one of India’s largest eCommerce portals for fine jewelry.
Who is the founder of BlueStone?
Gaurav Singh Kushwaha is the founder of BlueStone.
When was BlueStone founded?
BlueStone was founded in 2011.
Who are the main competitors of BlueStone?
The main competitors of BlueStone include CaratLane, Tanishq, Joyalukkas, Kalyan Jewellers, Mellora, and more.
Omnichannel jewellery brand BlueStone has received approval from the Securities and Exchange Board of India (SEBI) to launch its Initial Public Offering (IPO). The Bengaluru-based company plans to raise INR 1,000 crore through a fresh issue and offer for sale (OFS) by existing investors.
The IPO move is aimed at expanding operations, increasing store count, and strengthening the brand’s position in India’s fast-growing jewellery market.
IPO Structure and Investor Exit Plans
Bluestone’s IPO includes a fresh issue of shares worth INR 1,000 crore and an OFS of up to 2,39,86,883 equity shares. This will allow early backers to partially or fully exit. Accel, Iron Pillar, and Sunil Kant Munjal will dilute their stakes, while firms like Saama Capital, Kalaari Capital, and IvyCap Ventures are set to make a full exit.
Bluestone has also been backed by prominent angel investors like Deepinder Goyal (Founder, Zomato) and Nikhil Kamath (Co-founder, Zerodha), adding strong credibility to its cap table.
The face value of each share is INR 1. Axis Capital, IIFL Capital, and Kotak Mahindra Capital are the book-running lead managers. KFin Technologies is the registrar for the issue.
BlueStone’s Growth and Expansion Strategy
Founded in 2011, BlueStone has grown into one of India’s top lifestyle jewellery brands. It offers designs in diamonds, gold, platinum, and other precious stones under the “BlueStone” brand.
As of June 30, 2024, BlueStone had 203 retail outlets across 86 cities in 26 states and union territories. The brand operates three manufacturing units in Mumbai, Jaipur, and Surat. It also runs a special design lab in Mumbai to develop product prototypes.
The company has reported strong financial growth. Revenue from operations increased to INR 1,265.84 crore in FY24, up from INR 770.73 crore in FY23. It posted a net loss of INR 52.22 crore in Q1 FY25, while its operating revenue stood at INR 359.19 crore.
With the IPO funds, BlueStone plans to open new stores, invest in marketing, and boost working capital. The brand is focused on both online and offline retail, aiming to strengthen its omnichannel presence.
The SEBI nod marks a major milestone for BlueStone as it prepares to enter the public market. With a clear growth plan, rising revenues, and a strong retail footprint, the company is well-placed to attract investor attention during its IPO launch.
BlueStone Shareholding
Here is a detailed overview of BlueStone’s shareholding pattern as of January 2025, as sourced from Tracxn:
The omnichannel jewellery business Bluestone has submitted its first initial public offering (IPO) draft red herring prospectus (DRHP) to market watchdog SEBI. An offer-for-sale component of up to 2.40 Cr equity shares and a new issue of shares valued at INR 1,000 Cr will make up the IPO. During the IPO, current investors Accel and Kalaari Capital will sell their shares. Saama Capital would sell 41 lakh shares, while Kalaari will sell up to 79.78 lakh shares through two funds. Accel India will sell 30.27 lakh shares, and IvyCap Ventures will sell 31.26 lakh shares. 17.53 lakh shares would be dumped by Iron Pillar. Sunil Kant Munjal, the chairman of Hero Enterprise, would also sell 40 lakh shares through the OFS.
The issue’s book-running lead managers are Kotak Mahindra Capital Company, IIFL Capital Services, and Axis Capital. It is suggested that the equity shares be listed on both the BSE and the NSE.
How Company Plans to Utilise Proceeds
The company’s working capital needs and other corporate goals will be funded with the new IPO revenues. INR 750 Cr of the entire new issue will be used to cover working capital needs. The remaining INR 250 Cr will be used for a variety of general business objectives, including partnerships and joint ventures, strategic initiatives, shop openings, loan repayment and prepayment, and more. Purchasing fixed assets like furniture and fixtures, paying back franchisee debts, and handling marketing, maintenance, insurance, and administrative costs are all included in general corporate operations.
In the fiscal year 2023–2024 (FY24), BlueStone‘s operating revenue increased 64% to INR 1,265.8 Cr, while its net loss decreased 15% year over year (YoY) to INR 142.2 Cr. Additionally, the business revealed its financial results for the first three months of FY25 (Q1 FY25). In the first quarter of FY25, it reported a net loss of INR 52.22 Cr on INR 359.19 Cr in operating revenue. INR 418.14 Cr was spent in total for the quarter that ended in June 2024.
How Brand Operates?
BlueStone, an omnichannel jewellery firm founded in 2011 by Kushwaha and Vidya Nataraj, offers over 8,000 designs for rings, pendants, earrings, and other items. Some of its retail locations are owned by it, while the others are run as franchises. It asserts that it has more than 200 retail locations nationwide. BlueStone has competition from established jewellery businesses such as GIVA and CaratLane. Neo Markets provided the business with INR 100 Cr in debt capital in June. To date, BlueStone has raised more than $200 million in total fundraising.
Prior to delaying its initial plans to go public in 2022, the company raised money from private equity (PE) firms. In the world’s second-largest market for gold jewellery after China, BlueStone is establishing itself as a major player alongside listed behemoths like Titan’s Tanishq brand, Kalyan Jewellers, Senco Gold, and Tribhovandas Bhimji Zaveri, among others.
In order to assist with its intended $250 million (INR 2,000 crore) initial public offering by the second quarter of next year, the new-age jeweller startup BlueStone has reportedly recruited Axis Capital, IIFL Securities, and Kotak Mahindra Capital Co., according to a media source.
The company plans to submit its papers later this year, according to a media report, and the IPO is expected to be between $200 and $250 million in size, with a valuation of $1 to 1.5 billion. If all goes according to plan, the IPO will probably be the first by a new age jewellery company.
Pre-IPO Funding of BlueStone
A media site reported that BlueStone closed an INR 900 crore pre-IPO investment round in August, more than doubling its worth to $970 million. One of the early investors, Kalaari Capital, sold a portion of its stock in the round, which consisted of a combination of primary and secondary transactions. In February, BlueStone intended to go public with an IPO for INR 2,000 crore.
Competing with Melorra, Giva, and CaratLane, it is operated under the parent company’s name, BlueStone Jewellery and Lifestyle Pvt Ltd. The last year has seen a surge in investment activity in India’s new-age jewellery market. While Giva concluded a INR 255 crore fundraising round earlier this week, Melorra got a bid to be acquired by Kolkata-based jeweller Senco Gold Ltd., which went public last year. In February, Titan acquired the remaining shares of CaratLane, converting it into a fully owned subsidiary.
Growing voluntary incomes and a growth in the number of young middle-class people are driving investor interest in this industry. In contrast to traditional enterprises like Malabar Gold & Diamonds and Kalyan Jewellers, who still control a large portion of the wedding jewellery market, this has helped new-age businesses.
Expansion Curve of BlueStone
BlueStone was founded in 2011 by Gaurav Singh Kushwaha, Sudeep Nagar, and Ganesh Krishnan. The company sells jewellery, including nose pins, bangles, bracelets, rings, earrings, chains, and pendants. Prior to opening shopfronts in 2018, the business exclusively operated online. It already operates more than 200 stores around India, and as more people use hybrid payment options, the number will rise. The company has been able to tighten cost management by localising design, manufacturing, and production.
From INR 787.8 crore in FY23 to INR 1,303.4 crore in FY24, BlueStone’s revenue increased by 65%. Its INR142.2 crore loss narrowed by nearly 15%. The largest institutional investor in the Bangalore-based startup is Accel; other backers include Prosus, Iron Pillar, Peak XV Partners, and Steadview Capital. In June, Motilal Oswal produced a report estimating the value of India’s retail jewellery market for FY24 at approximately $80 billion. Regional and pan-Indian businesses made up organised retail, which accounted for roughly 36-38% of the industry.
In the constantly shifting business landscape, a handful of figures stand out as much as Deepinder Goyal, the brilliant mind behind Zomato. Goyal’s experience as an entrepreneur and investor has been nothing short of inspirational. After successfully navigating the obstacles of creating and developing Zomato, he has smoothly shifted into a role beyond his own companies. His passion for encouraging innovation and helping emerging entrepreneurs has shown itself through an excellent portfolio of startup investments.
Deepinder Goyal is the co-founder and CEO of Zomato, India’s most prominent restaurant aggregator and food delivery service. Zomato operates in more than ten thousand cities in India and twenty-four other countries worldwide.
Deepinder Goyal was born on January 26, 1983, in Muktsar, Punjab, India. He graduated from the Indian Institute of Technology, Delhi, with a degree in Mathematics and Computing in 2005. In addition to his academic background, Deepinder Goyal is well-known for his tremendous professional achievements, both in the field of gastroenterology and in the business field.
While working at Bain & Company, Deepinder Goyal noticed that customers were waiting in long lines to order meals, which gave him the idea to launch Zomato. When he and his colleague Pankaj Chaddah saw that this issue needed to be solved, they began the business in 2008 under the name Foodiebay. The company first offered restaurant listings and recommendations on its platform, which eventually grew to include food delivery and restaurant discovery services.
Deepinder Goyal has made investments in a number of businesses. His investment portfolio is diverse, spanning consumer and enterprise applications, health technology, and more. It includes companies such as:
Airblack
Startup Name
Airblack
Industry
Skill development
Founded
2019
Airblack – Deepinder Goyal Funded Startup
Airblack is India’s largest outcome-driven skill development brand. It was established in 2019 by Pulkit Pujara and Jaiswal. Airblack aims to assist micro-entrepreneurs and creators by providing access to courses from verified beauty and culinary arts specialists. The company has over twenty-five thousand students from over five hundred cities enrolled in these courses. Most of them are women who have gone on to work as independent contractors, web content writers, or owners of home salons. Deepinder Goyal is the largest investor of Airblack, which has raised 6.7 million US dollars in investments.
Allo Health
Startup Name
Allo Health
Industry
Healthcare
Founded
2021
Allo Health – Deepinder Goyal Funded Startup
Allo Health is India’s first clinic exclusively devoted to sexual health. It is a digital health clinic that aims to normalize sexual wellness by providing personalized, judgment-free, and private healthcare. Prioritizing the patient’s needs is their primary objective. Allo Health’s experts will guide you through each stage of the process that has been developed with science-based solutions in mind. They provide you with unlimited consultations until you see results and are satisfied with them. Allo Health raised 4.4 million dollars in its seed round of raising funds on January 13, 2022, with Deepinder Goyal as one of the top angel investors.
Animall
Startup Name
Animall
Industry
Livestock Trading
Founded
2019
Animall – Deepinder Goyal Funded Startup
Deepinder Goyal invested in Animall, a livestock trading company started by Kirti Jangra, Anurag Bisoi, Neetu Yadav, and Libin V Babu. Animall was first created in June 2019 as part of an internal hackathon at Pratilipi (a storytelling platform), where it won both the jury and audience awards. It is a top-tier Venture Capital-backed firm developing an internet platform to benefit millions of dairy producers. Animall has made it easier for dairy farmers to begin their farms by providing quick and simple access to high-quality cattle through an “easy-to-use” mobile application.
WEH Ventures, Omnivore, Beenext, Rocketship, and individual investors such as Deepinder Goyal, Sahil Barua, Vidit Attrey, Sanjeev Kumar, and Mohit Kumar also participated in the fundraising, which spanned across five rounds and valued at 24.7 million dollars.
Bira91
Startup Name
Bira91
Industry
Beverage
Founded
2015
Bira91 – Deepinder Goyal Funded Startup
Bira91 paved the way for the emergence of Craft Beer into the Indian beverage scene. Founded by Ankur Jain in 2015, Bira 91 is supported by Sequoia Capital India and is run by a vibrant staff of over six hundred enthusiastic beer connoisseurs. With five breweries dotted over India, it has produced an extensive selection of multiple-award-winning beers. Over the course of 18 rounds, Bira 91 has raised a total of 340 million dollars in investment from two-hundred-six investors, including Sofina, Kalyan Krishnamurthy, Rohit Bansal, Deepinder Goyal, and Anicut Capital.
Bluestone
Startup Name
Bluestone
Industry
Jewellery
Founded
2011
Bluestone – Deepinder Goyal Funded Startup
BlueStone, founded in 2011, is India’s largest destination for high-quality fine jewelry, offering over 800 breathtakingly stunning styles for customers to choose from. It was founded by Gaurav Kushwaha, Sudeep Nagar, and Vidya Nataraj. Bluestone guarantees complete transparency for all their products and has earned a trustworthy certification. Bluestone has been funded by fourteen investors and has raised $100.1 million. Notable invested individuals included Nikhil Kamath, Sunil Kant Munjal, Amit Jain, Deepinder Goyal, and others.
ChefKart
Startup Name
ChefKart
Industry
At-home cooking service platform
Founded
2020
ChefKart – Deepinder Goyal Funded Startup
ChefKart is a platform that allows users to hire verified and trained chefs for their everyday requirements. With a ChefKart subscription, you can access skilled and verified home chefs in your area, hire and replace house chefs easily, and enjoy hygienic, delicious, and healthy meals prepared in your kitchen. Their objective is to ensure every one of the homes in the country has access to high-quality food. With more than four thousand five hundred skilled chefs, they have catered to over 10,000 homes. Chefkart offers a range of services for different use cases, including on-demand and subscription options.
Chefkart raised $2 million in funding from noteworthy investors, including Pravega Ventures, Blume Ventures, Deepinder Goyal, Titan Capital, Kunal Shah, and others.
Gabit
Startup Name
Gabit
Industry
Health & Wellness
Founded
2023
ChefKart – Deepinder Goyal Funded Startup
Gabit is a healthcare firm launched by Gaurav Gupta, a former executive and co-founder of Zomato, that provides solutions for all health and wellbeing needs. It offers clear but comprehensive, goal-oriented answers to important health-related issues like acne, healthy aging, weight control, etc. Gabit secured 9.5 million dollars in seed funding from angel investors such as Kunal Shah, Amit Agarwal, and Deepinder Goyal.
Geniemode
Startup Name
Geniemode
Industry
Supply Chain Platform
Founded
2021
Geniemode – Deepinder Goyal Funded Startup
Geniemode is a one-stop sourcing and supply chain solution provider with an innovative technology-based platform for retailers and suppliers of fashion and home living products. Amit Sharma and Tanuj Gangwani launched the company in March 2021. Through the use of Geniemode’s platform, anyone can create and find catalogs, connect with suitable suppliers, and guarantee a seamless, start-to-finish procedure. Across three rounds of funding, Geniemode raised a total of 36.8 million dollars.
Mainstreet
Startup Name
Mainstreet
Industry
Marketplace
Founded
2019
Mainstreet – Deepinder Goyal Funded Startup
Vedant Lamba launched Mainstreet Marketplace out of a YouTube channel in 2017. Then, he leveraged it to develop into one of India’s biggest marketplaces for streetwear clothing and shoe dealers. It offers brands like Yeezy, Jordan, Adidas, Supreme and more. The organization grew its business by focusing on two key areas: awareness and accessibility. Mainstreet acquired funding from renowned investors, such as Karandeep Anand, Deepinder Goyal, and Anuppam Mittal, as well as entrepreneurs and celebrity names, like Zakir Khan and Kanan Gill.
Multiplier
Startup Name
Multiplier
Industry
Employment Platform
Founded
2020
Multiplier – Deepinder Goyal Funded Startup
Multiplier is a premier global employment platform that handles international teams’ employment, payroll, and compliance. Sagar Khatri, Amritpal Singh, and Vamsi Krishna established the company in 2020. Since then, it has rapidly established itself as the top global job marketplace, making it simple for businesses to hire teams internationally. With a presence in 150 countries, Multiplier enables its clients to tap into global talent pools, allowing them to focus on growing their businesses. Multiplier has raised 77.2 million dollars in funding from investors such as Surge, Picus Capital, Deepinder Goyal, Amrish Rau, and others.
Park+
Startup Name
Park+
Industry
Parking Industry
Founded
2019
Park+ – Deepinder Goyal Funded Startup
Amit, well-versed in the challenges faced by country commuters, came up with the concept for Park+ after finding it difficult to obtain a parking space in time to get to work. It not only helps drivers find parking, but it also lets you rent out any empty spots you may have. Park+ offers services for both two-wheelers and four-wheelers. It was established in 2019 by Amit Lakhotia and Hitesh Gupta. Over the course of six investment rounds, Park+ has raised a total of 54.3 million dollars. The investor portfolio includes Kunal Khattar, Rohit Bansal, Deep Kalra, Deepinder Goyal, and Venture Catalysts.
Pristyn Care
Startup Name
Pristyn Care
Industry
Healthcare
Founded
2018
Pristyn Care – Deepinder Goyal Funded Startup
Pristyn Care, founded in 2018 by Harsimarbir Singh, Dr. Vaibhav Kapoor, and Dr. Garima Sawhney, is a cutting-edge healthcare company streamlining a patient’s complete surgery journey. It ensures that the patient’s experience, from finding the correct doctor to the follow-up appointment following surgery, is stress-free and caring. Pristyn Care uses a unique full-stack care delivery strategy to provide high-quality surgical care to patients at a reasonable cost. Over the course of five funding rounds, Pristyn Care has raised a total of 177 million dollars from Deepinder Goyal, Winter Capital, Hummingbird Ventures, Sequoia Capital, Kunal Shah, and many other investors.
Raise
Startup Name
Raise
Industry
Financial Services
Founded
2021
Raise – Deepinder Goyal Funded Startup
Raise Financial Services is a Mumbai-based fintech business founded in 2021 by Pravin Jadhav Bhimrao. Raise’s initial offering, Dhan, an investment platform for long-term and super traders, launched in November 2021. In September, it made the service’s early access available. Sujeet Kumar, Deepinder Goyal, Amod Malviya, Girish Mathrubootham, Jitendra Gupta, and others invested 22 million dollars in the firm during a funding round.
Shiprocket
Startup Name
Shiprocket
Industry
Logistics
Founded
2017
Shiprocket – Deepinder Goyal Funded Startup
Shiprocket is a technologically advanced logistics platform offering micro, small, and medium-sized enterprises cost-effective options that allow them to sell online and anywhere. They offer packaging, warehousing, and other associated services. Saahil Goel and co-founders Gautam Kapoor, Vishesh Khurana, and Akshay Ghulati set up Shiprocket in 2017. Throughout 12 fundraising rounds, investors, including McKinsey & Company, Lightrock, BEENEXT, Deepinder Goyal, 500 startups, and many more, have invested 399.1 million dollars in Shiprocket.
Terra.do
Startup Name
Terra.do
Industry
Climate Education
Founded
2020
Terra.do – Deepinder Goyal Funded Startup
In 2020, Anshuman Bapna, Mayank Jain, and Dr. Kamal Kapadia built Terra.do, a global career platform for climate change. The institution provides educational programs on climate change and ways to contribute to the solution. Terra.do also helps students find careers in the climate sector. Terra.do has raised a total of 8.4 million dollars for its seed round. Among the many investors in the company are Deepinder Goyal, Stanford Angels and Entrepreneurs, BEENEXT, Rainmatter Capital, Avaana Capital, and a lot more.
The Signal
Startup Name
The Signal
Industry
Business Newsletter
Founded
2020
The Signal – Deepinder Goyal Funded Startup
The Signal is India’s top technology and business newsletter for emerging leaders, offering insightful analysis of economic trends, businesses, and technological breakthroughs. Podcasts about the various fields are also available on the platform. It was founded in 2020 by Dinesh Narayanan and Rajneil Kamath. The Signal has raised 436 thousand dollars from several investors, including LetsVenture, Rainmatter, Capital A, and Deepinder Goyal.
Threado
Startup Name
Threado
Industry
Artificial Intelligence
Founded
2020
Threado – Deepinder Goyal Funded Startup
Pramod Rao and Abhishek Nalin founded Threado in 2020. It is an AI-powered co-pilot designed to help you offer the most excellent support possible to your community and customers across all of your digital platforms. Threado allows users to evaluate engagement, gain deep insights, and automate operational tasks all from one dashboard. Its features let users identify who’s actively participating and who needs to be pushed, and they can employ member activity triggers to put communication processes on autopilot. Threado has secured a total of 3.27 million dollars in two rounds from investors, including Deepinder Goyal, Aneesh Reddy, Tonmoy Shingal, Vertex Ventures, and others.
Ultrahuman
Startup Name
Ultrahuman
Industry
Health & Fitness
Founded
2019
Ultrahuman – Deepinder Goyal Funded Startup
Ultrahuman is a global health and fitness platform that helps users attain their full physical and mental potential. Mohit Kumar and Vatsal Singhal launched it in 2019. Its products include Blood Vision, a preventive blood testing platform with the ground-breaking UltraTrace technology, Ultrahuman M1, a continuous glucose monitoring platform, and the Ultrahuman Ring AIR, the world’s lightest wearable sleep tracking system. Over the course of three investment rounds, Ultrahuman has raised a total of 25.1 million dollars. There are 27 investors in the company, including Deepinder Goyal, Ishan Bansal Dean, Harsh Jain, and Nexus Venture Partners.
Unacademy
Startup Name
Unacademy
Industry
Education
Founded
2015
Unacademy – Deepinder Goyal Funded Startup
Unacademy is an e-learning platform designed to build an online knowledge resource for multilingual education. Gaurav Munjal, Roman Saini, and Hemesh Singh launched the edtech platform in Bengaluru in 2015. It was first launched in 2010 as a YouTube channel before developing into a feature-rich platform for educational technologies. Unacademy has raised a total of 838.5 million dollars from forty-three investors, including Mirae Asset Venture Investment, General Atlantic, Deepinder Goyal, Sandeep Tandon, Sachin Tendulkar, and Ritesh Agarwal.
Conclusion
Deepinder Goyal’s contribution to the startup ecosystem is undeniable. His strategic investments have fostered innovation and growth in several types of businesses across India. His approach to backing businesses extends beyond financial support, where Goyal actively mentors and guides the founders, bringing unique insights and expertise to the table. Moreover, the investing portfolio displays an in-depth understanding of emerging trends and a willingness to take risks on breakthrough concepts. Deepinder Goyal’s impact will undoubtedly have a long-lasting effect on the startup landscape as these companies grow and bring revolutions in their respective industries.
FAQs
Who is Deepinder Goyal?
Deepinder Goyal is the co-founder and CEO of Zomato.
What are the companies Deepinder Goyal has invested in?
Some of the notable companies that Deepinder Goyal has invested in are:
Shiprocket
Unacademy
Bluestone
Raise
Bira91
What is the net worth of Deepinder Goyal?
The current net worth of Deepinder Goyal is Rs. 2,030 Crore.
Bangalore, also known as Bengaluru, is the center of India’s tech industry. It is famously referred to as the Silicon Valley of India and the IT capital of India because of its position as the nation’s leading information technology (IT) hub. Be it a large MNC or an emerging startup, Google Maps will show you one of its offices in Bangalore. More often than not, it’s going to be the company’s headquarters that would show up; that’s how popular Bangalore is with the tech organizations. Bangalore has a major role to play in India’s induction in the list of favorable destinations worldwide for incubators and the startup ecosystem. In fact, according to a 2019 report, Bangalore has the third-highest number of tech startups in the world.
Therefore, it’s imperative for StartupTalky to cover the popular startups in Bangalore.
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Zoomcar, a Bangalore-based startup,is the first company in India to focus on self-drive car rental. It was launched in 2012 by David Back and Greg Moran. The company gives people the freedom to rent vehicles for one or more days. The customers are charged on an hourly or per-day basis depending on their requirements. Zoomcar is dedicated to giving its customers mobility, convenience, and independence. The company operates in more than 15 Indian cities, including Bangalore, Pune, Delhi NCR, Hyderabad, Mumbai, and Chennai.
Zoomcar raised a total of $3o million in funding from various sources. The company recently introduced a new service called PEDL, a bicycle-based rental service.
The MoneyTap app, launched in partnership with RBL Bank and several NBFCs, issues collateral-free credit up to a limit of INR 5 lakhs. People can choose from several repayment options for time – ranging from 2 to 36 months.
MoneyTap was founded by Bala Parthasarathy, Kunal Varma, and Anuj Kacker who are IIT and ISB alumni. MoneyTap raised a seed funding of $12.3 million from Sequoia India, New Enterprise Associates, and Prime Venture partners in June 2017.
Zivame is an online lingerie store featuring hundreds of styles of intimate wear for women. Zivame offers a wide range of products for women—lingerie, activewear, pyjamas, boxers, housecoats, etc.
Zivame was founded by Richa Kar and Kapil Karekar in 2011. It is India’s leading online lingerie platform, offering more than 5,000 styles, 50 brands, and 100 sizes. Zivame raised a total of $57.5 million in funding from different sources.
Lalit Keshre (CEO), Harsh Jain, Neeraj Singh, and Ishan Bansal
Industry
Digital investment platform
Founded In
April 2016
Groww – Bangalore Startup
Founded in the year 2016, Groww is headquartered in Bangalore, Karnataka, and acts as a mutual fund investment platform that helps users invest in mutual funds and stocks. Through this platform the users can directly invest in mutual funds, stocks, initial public offerings, digital gold, and exchange-traded funds.
The company has been founded by the former employees of Flipkart and had already raised $140 million as per the reports in April 2021. Next billion Technology is the principal owner of the company. The company is currently valued at over $1 billion.
Zerodha Broking Limited is an Indian financial services company that promises retail and institutional brokerage, trading services of currencies and commodities, mutual funds, and bonds. Zerodha boasts of an online website with detailed information on stock trading and capabilities.
The brand joined the unicorn club with a self-assessed valuation of over $1 billion in June 2020 and became the first Indian brokerage firm to achieve such a feat!
BYJU’s was founded in 2011 in Bangalore, named under Byju Raveendran, who started the company with his wife, Divya Gokulnath, as an online learning provider to offer the best and the most interactive and effective courses for students from grade 1 to those who are looking to crack competitive exams.
BYJU’s has been quite successful in growth and acquisitions and received equally laudable funding as well, which made it the world’s highest-valued educational technology company, valued at $16.5 billion, as of June 2021.
Credit card management and bill payments have become easier with CRED, which helps its members to manage their credit cards and pay their bills online and get exclusive rewards for their payments. Kunal Shah founded Cred in 2018. Know more about Cred’s Business Model and Revenue Model here.
Razorpay is a payments platform founded in 2014 that acts as a payment gateway for businesses to be integrated into their business process or with their websites to accept their payments. Furthermore, with the premium suite from Razorpay, the businesses can not only accept payments but process them and disburse them as well.
Razorpay accepts all kinds of payment modes that we can find today, including UPI, PayZapp, JioMoney, Mobikwik, Airtel Money, Freecharge, Ola Money, and more, which makes it further easier for all businesses and customers to enjoy the service seamlessly.
Khatabook is one of the fastest-growing Indian Fintech Saas companies that extends powerful and effective digital financial tools and solutions for micro, small and medium businesses, and enterprises. Available in 11+ languages and with a registered user base of over 20 million users, Khatabook is contributing significantly to increasing efficiency and reducing overall costs, thereby bringing in safe and secure business and financial solutions. Khatabook received the award for the “Best Innovative MobileApp” 2020 at the India Digital Awards in February 2020.
RentoMojo was founded in 2014 as an online rental platform that offers furniture, electronic appliances, and other appliances on a monthly rental basis to the end-users. As buying everything becomes quite expensive for young working professionals earlier in their job, Rentomojo understands their inconveniences and offers easy and affordable renting options for both small and large furniture and appliances.
Dailyhunt is a popular Indian content and news aggregator application based out of Bangalore, which provides content in local languages. The platform is currently well-versed in 14 Indian languages in which it delivers its contents in the form of new and current updates on trending topics.
GingerCup is a creative advertising agency. It specializes in coffee and teacup branding. The company helps brands engage and interact with their target audience by printing marketing messages on paper cups. GingerCup enables brands to reach out to their target group during tea breaks at offices and colleges.
Deepak Bansal and Devleena Neogi founded GingerCup. The couple came up with the idea of leveraging paper cups for branding and launched a startup centered on it in 2015. GingerCup’s client base includes companies such as BookMyShow, OYO, Nestaway, and Uber. GingerCup is backed by Sanket Gupta and Rahul Shah, two famous angel investors.
Colive is a Bangalore-based co-living space provider. It offers ready-to-move-in homes equipped with modern tech-enabled safety features. All the homes are fully serviced and professionally managed, not to mention the flexible offers and affordable options directed towards urban living. The spaces are designed specifically for single professionals and young couples who prefer living in a social community comprising like-minded millennials.
Colive was founded by Suresh Rangarajan, Arun Singh, and Saurav Swami. Suresh is the CEO of Colive, Arun is the chief investment officer, and Saurav is the vice president. Colive raised $12 million from Salarpuria Sattva Group, Ncubate Capital Partners, and some angel investors.
Zefo is a Bangalore-based online startup offering a marketplace for used goods. Zefo also works as a factory marketplace for furniture and appliances where it runs exchange programs for other companies like Urban Ladder. The team is also working with Flipkart on an appliances exchange program.
Zefo was founded in August 2015 by Rohit Ramasubramanian, Karan Gupta, Himanshu Joshi, and Arjit Gupta. It boasts Sequoia Capital, Beenext, and Helion Ventures as its backers.
StayAbode offers beautiful, fully furnished living spaces for young professionals. These are designed such that the residents have their own private spaces along with shared spaces for working, dining, etc. Thus, residents enjoy their private space amid a community of like-minded people that ensures they don’t feel lonely and left out in the city.
It leases out complete buildings–from the basement to the terrace–and turns them into co-living spaces. The StayAbode team then puts together the furniture and the common-room setup, ensuring the space has everything that a tenant needs with add-ons like community kitchens, study areas, reading spaces, and even barbeque grills in some properties. StayAbode received funding from Voyage Group, Akatsuki, and Incubate Fund. The company was acquired by NestAway in June 2020.
Amagi Media
Bangalore Startup
Amagi Media
Founders
A Srinivasan, Baskar Subramaniam, Srividhya Srinivasan
Amagi Media is a Bengaluru-based company that sells advertisement spots on English, Hindi, and Kannada TV channels. It allows advertisers to target cable TV subscribers across cities and regions by leveraging various TV channels. Outside India, it provides in-house technology to TV networks to assist them in delivering targeted ads and content.
Amagi Media Labs Pvt. Ltd. is the brainchild of KA Srinivasan, Baskar Subramaniam, and Srividhya Srinivasan. It was launched in 2008. Amagi successfully raised $45.2 million via 4 rounds of funding in 11 years.
HappyLocate is a one-stop relocation solution. It automates and enables corporates to manage end-to-end employee relocation through mouse clicks, enhancing the efficiency and experience of new hires joining with an in-built approval system while maintaining 100% policy-compliant migrations. With over 4,000+ relocation requests catered to for date, HappyLocate is currently one of the most preferred relocation partners in India. HappyLocate is available across 15,000+ PIN codes across India.
HappyLocate was founded by Ajay Tiwari in 2017. Before starting HappyLocate, Ajay worked with companies like Teleperformance, Nokia, and Vodafone in their HR department. HappyLocate is the preferred relocation partner for some of India’s most prominent enterprises like Coca-Cola,Nokia, ITC Infotech, OYO Rooms, and ACKO Insurance.
Corefactors provides all-in-one business management solutions. It integrates cross-functional responsibilities of marketing, sales, front desk, account management, and overall communication. The offering is a cloud-based, device-agnostic product that inculcates personalized bulk SMS, bulk email, landing pages, click-to-call, and voice record campaigns. Supported by a cohesive, formidable tech team since 2012, Corefactors handholds the client from lead capture to lead conversion. The startup enables enterprises/SMEs to segment contacts, run multi-channel campaigns, and increase their ROI monthly.
Corefactors was founded by Sharmila and Vimal. Sharmila is the CEO of the company, whereas Vimal leads business development. The company is funded by FHS Accelerator, AMNYK Group Inc, and Sesh Shankar, an individual investor.
Ezetap is a mobile-based payments company that collects electronic payments from debit and credit cards. Ezetap retails a pocket-sized point of sale (PoS), pin, and magnetic strip scanner. It not only reads the magnetic strips on credit and debit cards but can also convert mobile devices such as smartphones, tablets, and even Windows desktop PCs into PoS terminals.
Ezetap has seen an aggressive progression in the last two years and has now launched the ‘Chota ATM’ in partnership with SBI (State Bank of India). Sanjay Swamy, managing partner at AngelPrime Partners, invested in the company and came on board as a co-founder and chairman. Ezetap was founded by Abhijit Bose and Bhaktha Keshavachar.
Amit Gupta, Naveen Dachuri, RK Misra, Hemant Gupta
Industry
Electric Vehicles
Founded In
2017
Yulu | IoT – Machine Learning – AI – Startups in Bangalore
YULU provides seamless, shared, and sustainable first and last-mile connectivity using Micro Mobility Vehicles (MMV) through a user-friendly mobile app. YULU vehicles are designed for shared micro-mobility for Indian climatic and road conditions. YULU provides a user-friendly app that uses IoT, Machine Learning & AI, and Cloud Computing.
YULU has 8,500 bikes (known as Yulu Move) and closes to 2500 e-bikes (known as YULU Miracles). YULU now has 1.5 million registered users. YULU currently functions in Bengaluru, New Delhi, Greater Mumbai, Pune, and Bhubaneswar. Yulu had raised $ 7 million in seed funding till October 2019.
PurpleRain
Bangalore Startup
PurpleRain Technologies
Founder
Sathish Ganesh
Industry
SaaS
Founded in
2010
PurpleRain Technologies Logo | B2B Startups in Bangalore
PurpleRain provides two B2B tools called Limecalls and OutreachPlus. PurpleRain’s team is 100% remote with over 50 people from more than 20 countries. Founded by Sathish Ganesh in 2010, this Bangalore-based startup is bootstrapped and has its presence in India, London, and California. Thousands of B2B users globally rely on PurpleRain products for sales automation, cloud communication, and big data.
Bluestone sells an unmatched collection of certified jewellery. It has become one of the fastest growing online players, consistently achieving 2.5X revenues relative to the previous year. BlueStone claims to have grown by 150 per cent year on year.
Gaurav Kushwaha launched BlueStone in 2011 when online shopping was garnering pace in India. It raised $66.7 million from various capital ventures. One of its investors is Ratan Tata, the man credited for the Tata Group’s success.
YouPlus
Bangalore Startup
YouPlus
Founder
Shaukat Shamim
Industry
Video Search Engine
Founded In
2014
YouPlus | Startups in Bangalore
YouPlus is a video opinion search engine. The company filters videos produced and published online and give out valid opinion on these videos to the public. YouPlus leverages keyword matching to generate perspectives, similar to what Google does in the global market with its search engine. YouPlus was founded in 2014 by Shaukat Shamim. It received funding from numerous ventures but has not disclosed any financial details.
HackerEarth | IT/Software Startup Company in Bangalore
HackerEarth is a management software company that helps companies in the recruitment of candidates. The company has around 200 employees and aims to become better and larger with time.
HackerEarth was founded in 2012 by Vivek Prakash, a graduate of the Indian Institute of Technology, Roorkee. With its roots in Bangalore, HackerEarth has now shifted its headquarters to California.
Tookitaki
Bangalore Startup
Tookitaki
Founder
Abhishek Chatterjee
Industry
Marketing
Founded In
2012
Tookitaki | Startups in Bangalore
Tookitaki focuses on data intelligence with consumer behavior discovery and prediction being the pitch. It deals with media platforms and does planned marketing for its clients. Tookitaki ensures the target audience is involved in the discussion and focuses on building content on those lines.
Tookitaki was launched in 2012 by Abhishek Chatterjee. This Bangalore-based startup has raised more than $8.5 million in 5 rounds of funding.
Exotel
Bangalore Startup
Exotel
Founders
Shivkumar Ganesan, Ishwar Sridharan, and Siddharth Ramesh
Exotel helps build reliable connections with customers over voice and SMS. The company primarily focuses on phone calls and SMS(s) to save clients from the pain of investing in building a system specifically for such requirements. Exotel provides sales tools, marketing tools, support tools, productivity tools, and business intelligence services.
The trio of Shivkumar Ganesan, Ishwar Sridharan, and Siddharth Ramesh founded Exotel in 2011. Exotel raised $705,900 in funding from prominent organizations.
DailyRounds
Bangalore Startup
DailyRounds
Founders
Nimmi Cherian and Deepu Sebin
Industry
Forum
Founded In
2013
DailyRounds | Analytics Startups in Bangalore
DailyRounds is an academic network for doctors. It came into existence in 2013 through the efforts of Nimmi Cherian and Deepu Sebin. DailyRounds comprises a team of doctors and coders dedicated to building an ecosystem that fulfills the academic needs of medical professionals. DailyRounds is currently working on doctor analytics, sentiments, and case studies for the pharmaceutical and medical devices industry.
Sanjoe Jose, Jobin Jose, Subramanian K, and Tom Jose
Industry
SaaS
Founded In
2017
TalView – Bangalore Startup
TalView offers an online platform where users can conduct video interviews for pre-screening candidates as part of the recruitment process. Salient features of the product include the setup of interview invites, adding and sharing questions, and giving verdicts on the chosen individuals. Talview was founded by Sanjoe Jose, Jobin Jose, Subramanian K, and Tom Jose in 2017. The company has not disclosed any information about its 3 rounds of funding.
Simplilearn is an online platform for professional training. The company offers more than 400 courses in the areas of IT, programming, digital marketing, and project management. It also provides classroom workshops and online classes for businesses and enterprises, some of which are renowned Fortune 500 companies. Krishna Kumar came up with the Simplilearn initiative in 2009. Simplilearn raised $31 million through 4 rounds of funding.
Systemantics
Bangalore Company
Systemantics
Founder
Jagannath Raju
Industry
Robotic Technology
Founded In
1995
Systemantics – Startup in Bangalore
Founded in 1995, Systemantics is a robotics firm building industrial robots for the manufacturing sector. It designs, manufactures, and markets factory automation components and systems. The company’s products include a pick-and-place robot used for small parts feeding and assembly.
Systemantics has received funds from capital Accel Partners, Infosys’ co-founder Nandan Nilekani, and Blume Ventures. Systemantics has tied up with Titan and Hindustan Aeronautics (HAL) for robotic initiatives.
InstaScribe is a medium for creating e-books. InstaScribe provides a WYSIWIG editor and intuitive ways of directly editing the e-book. It hands over the control of format and semantics without having to worry about the technical details. The user can import content, directly edit and format it, auto-create TOC, easily fill up metadata, upload a cover, and export the e-book to various formats in one click.
Instascribe was founded by Abhaya Agarwal in 2013. Abhaya is an IIT Kanpur graduate and is also the co-founder of another startup called Pothi.com.
Blackbuck provides surface transport logistics services. It coordinates delivery trucks going between different cities using technology and operational processes. The company claims to be the largest trucking platform.
Blackbuck was founded by Rajesh Yabaji in 2014. Blackbuck received $285 million in funding from different ventures in 6 rounds.
Flutura
Bangalore-based Company
Flutura
Founders
Krishnan Raman, Srikanth Muralidhara, and Derick Jos
Industry
Industrial IoT
Founded In
2012
Flutura – Bangalore based IoT company
Flutura is an industrial IoT intelligence company emphasizing machine-to-machine Big Data Analytics. Flutura’s IoT intelligence platform, Cerebra, streams machine signals and derives actionable insights to optimize asset, process, and operational efficiency using diagnostics, prognostics, and asset assessment.
Flutura was the combined idea of Krishnan Raman, Srikanth Muralidhara, and Derick Jose in 2012. It evolved out of Bangalore but is now headquartered in Palo Alto, US. The development centre still functions out of Bangalore.
CueMath
Bangalore Startup
CueMath
Founder
Manan Khurma
Industry
Edtech
Founded In
2013
cuemath – Bangalore-based edtech startup
CueMath helps students interestingly learn mathematics and lets them overcome the difficulties related to the traditional blackboard learning method. It offers mathematics courses designed for a continuum of students, from kindergarten to high school. CueMath uses mathematics worksheets curated under the supervision of trained and certified teachers to ensure a rigorous curriculum that is fun at the same time. Teachers who join the platform can also make money through it; it won’t be wrong to call CueMath a freelancing platform for teachers!
Manan Khurma started CueMath in 2013. CueMath is available in five major Indian cities including Chennai and Pune.
75F is a building controls company that makes smart-building automation affordable and easy to deploy; all of this while improving occupant productivity through enhanced comfort and indoor air quality. 75F’s Building Intelligence System uses IoT and smart algorithms in the cloud to not only optimize energy efficiency but also uses the input from sensors to proactively adjust HVAC, indoor air quality, and lighting settings to optimize occupant comfort.
Practo is the world’s leading healthcare platform that connects millions of patients with hundreds of thousands of healthcare providers around the world and helps people make better healthcare-related decisions. Practo is one of the fastest-growing Silicon Valley SAAS startups.
Practo provides a singular platform that helps consumers with all of their healthcare requirements–finding the healthcare provider, booking an appointment, online doctor consultation, getting their tests done, and even ordering medicines. Practo also makes software products that help healthcare providers (ranging from clinics to hospitals) digitize and deliver high-quality healthcare to millions of patients around the world every day. The company has seven offices: Mumbai, Delhi, Bengaluru, Chennai, Hyderabad, Pune, and Singapore.
KredX was founded in 2015 with the aim to solve challenges related to cash flow. KredX now stands as one of the biggest invoice discounting marketplaces from India that helps the businesses get access to working capital quickly, within 24-72 hours at maximum, which they can achieve by selling their unpaid receivables. Furthermore, KredX also brings numerous opportunities for investors to earn higher returns with lower risks via unique short-term investment schemes.
KredX sees its funding coming primarily from Sequoia Capital, Tiger Global, and Prime Venture Partners and has raised around $33M in its 3 funding rounds.
Housejoy was founded in 2014 and is headquartered in Bangalore. It is home construction, painting, renovation, interior designing, maintenance, sanitization, and fumigation services company that also provides at-home beauty and make-up services, packing and moving, and home delivery services, through which it delivers essential daily needs.
Housejoy has received $30.2 million in funds to date and is planning its next funding round that would infuse around Rs 150 cr.
Ather is an automotive manufacturing company founded in 2013 and has its headquarters in Bangalore. Ather is a company well-known for the manufacturing of electric vehicles. It has manufactured 2 scooters – Ather 450X and the Ather 450 Plus, launched in 2020, which it markets all around the country and has manufactured more than 40,000 vehicles to date. Ather is prominently funded by Flipkart, Hero MotoCorp, and Tiger Global, and has raised close to $102.2 million till now.
Get My Parking is a Platform-as-a-Service company that works on a B2B model. Headquartered in New Delhi, Get My Parking integrates all the different parking equipment together and connects with on the mobile or cloud helping businesses and individuals to park their vehicles seamlessly.
Get My Parking has raised a total amount of $10.4M in its fundings over 5 rounds. IvyCap Ventures and Indian Angel Network are the leading investors in the company.
Scaler Academy is a Bengaluru-based ed-tech startup that focuses on the students who are eager to pursue advanced online computer science programs. Scaler Academy has framed a 6-month online course, which is effectively designed to enhance the coding skills of professionals with exposure to the latest technologies.
The students who take up the course in Scaler Academy are mentored by experienced tech experts and subject matter experts who have experience in working with leading organizations like Google, Facebook, Twitter, and others. Scaler Academy has received funding only in its seed round.
Mphasis is an IT services company that helps transform businesses with the use of cutting-edge technology that it provides. Mphasis focuses on the primary needs of the enterprises to become fast, innovative, and personalized to keep pace with the age of digital disruption. The company uses the X2C2TM framework and adopts the value chain/customer-in-view and helps enterprises scale new horizons through the all-new power of cognitive technologies and rich data resident in the enterprises. Mphasis was acquired by Blackstone Group on Apr 5, 2016.
Lo! Foods was founded by Sudarshan Gangrade, senior OLA executive in early 2019 as a food and beverage manufacturing and distribution company. Lo! Foods believes in catering to the Indians with low-carb food products to make their diets healthy and tasty. With their unique range of healthy food items Lo! Foods strive to help both the followers of the Ketogenic diet and others who simply want to eat healthily and stay fit.
India accounts for a considerable number of diabetic and heart patients in the world most of which occurs due to our diets and habits and Carbohydrates play an infamous role in that. Here’s where the company strives to stand out with the help of its natural, low-carbohydrate food items. By 2023, Lo! Foods are aiming to reduce the likelihood of Obesity, Cardiac, and Diabetes-related diseases by 5 million.
Nexhop is equipped with the power of the internet, which the company leverages to help the retailers get the benefit of online marketing. The Bangalore-based retail technology company empowers the retailers of now to embrace the internet to build their online presence and acquire, engage and retain their online customers.
Fabulyst is an AI and ML-driven mobile application that helps retailers get the best of technologies to improve their sales and conversion rates. Fabulyst helps the retailers to speed up, explore more style parameters, and build more informative and engaging content that will generate more accurate and comprehensive search results for them, thereby improving the rates of conversion and maximizing sales.
On March 23, 2020, Fabulyst was acquired by BetterPlace Safety Solutions for an undisclosed amount.
Xoxoday aims to build engaging and happy workplaces. Creating a motivated workforce is a challenge that every enterprise faces and with Xoxoday they can do just that. Xoxoday brings in Empuls that the business can now leverage to wipe out critical challenges associated with employee turnover, attrition, employee productivity, and employee happiness.
Furthermore, it has also designed Plum, which will further help the enterprises of today to simplify their digital rewards and recognition program across employees, channels, or consumers. This will help create better employee experiences to better customer experiences.
Ezyhaul was founded in 2016 by Mudasar Mohamed, Raymond Gillon as Ezyhaul Private Limited. It is a prominent digital road freight platform with full-fledged services in South Asia and promises B2B domestic short haul, long haul
, and cross-border shipments. The clients can book Ezyhaul services through their online platform. Furthermore, the clients can choose any marketplaces they prefer, and they can rest assured of the security and convenience of Ezyhaul.
Appriffy was founded on January 1, 2015, and acts as an IT hub with its headquarters in Bangalore, which helps individuals, startups and other enterprises build cutting-edge tech products. It is a digital marketplace from where individuals or enterprises can hire developers on an hourly basis, project basis, or on-demand.
Fanzart Fans was founded in 2012 as an online marketplace that offers a wide range of unique and classy electric pedestal and ceiling fans. Fanzart Fans list a wide array of designer fans that one can install in their dining rooms, bathrooms, kitchen, drawing rooms, offices, and more. Fanzart is looking to gain a share of around 20% of the Designer Fan Segment of the country.
Founded in 2015, Enguru was developed as a learning application, supported by all the latest mobiles and models that help the users to learn English. Enguru aims to help the users learn the English language through a combination of interactive games and conversations and thereby, is distinguished from its rivals.
Ankur Aggarwal, Dalvir Suri, Kabeer Biswas, Mukund Jha
Industry
Delivery, Ecommerce
Founded in
2015
Dunzo – Bangalore-based Startup
Dunzo is a delivery and eCommerce service providing company that is headquartered in Bangalore and provides its services in Bengaluru, Delhi, Gurugram, Pune, Chennai, Jaipur, Mumbai, and Hyderabad. The company also operates its Bike Taxi service in Gurugram.
Dunzo offers promising delivery of goods including packages, groceries, food, medicines, and more. It further pledges to boost the retail landscape with cutting-edge digital tools and solutions to streamline and facilitate eCommerce sales for MSME enterprises (MSMEs) and others. Read about the Marketing Strategies of Dunzo.
FindMyHealth is an AI-powered healthcare platform that offers effective healthy, herbal solutions to change the food habits and the lifestyle of the users for good. This is done by analyzing the selfies of the customers with powerful assessment tools powered by AI and suggests personalized herbal combinations and supplements.
Kapture CRM is a Saas-based computer support platform and cloud telephony solution that helps individuals, startups, and medium-scale companies to solve their queries faster and automate their processes for faster and more effective solutions.
Kapture CRM makes it easier to sort through a large volume of calls where the companies can keep a track of all the calls coming through, make a list of all answered and unanswered calls, available agents, along with all the relevant information of each of them.
Money View is a user-friendly mobile-operated application that helps users track and organize their expenses, bills, account balances, and more. This app derives important information from SMSes. Furthermore, Money View also helps the users to set and follow budgets, set reminders for bill payments and other money-saving options.
Woofwoofnow is a global pet consulting company founded in 2018. It started initially from pet taxi services and now offers a range of facilities for pets including online vet consultation, medical record management, mobile medical dispensary, pet merchandise, and more. The facility of non-emergency consultation and other benefits for pets are a couple of features that make Woofwoofnow a big hit! Pet owners can contact Woofwoofnow via its app and avail of all these services 24/7.
Factoreal is an automation tool or platform, designed to give the marketers an extra edge, eyeing the overall growth of the brand. The software operates as a classic Saas example and is built on 3 foundational principles – Simple, Intelligent, Effective. With its powerful automation technology, Factoreal promises to automate and thereby transform the customers’ journey and that of the marketers’.
KipStay is a tech-enabled, budget-friendly homestay accommodation network located in the unexplored countryside of India. Kipstay operates a collection of homestays within a two-five hour drive from major urban cities and outfits them with the comforts of home. It then rents them by night. Kipstay is designed to redefine short vacations. The experience, location, and design of Kipstay homestays are created in a way that helps guests unplug and detox from the stress of daily life and rejuvenate.
Kipstay launched its first property in Chikmagalur and received a great response from the customers. In the first week of the launch, Kipstay sold 3 months of weekends, and winter bookings were made 4 months in advance. Kipstay received funding from the alumni of IIM Ahmedabad and a group of HNIs.
Healthy Master strives to deliver healthy food products to its customers. The company believes in replacing all the unhealthy and junk food items with healthy ones. It wishes to emerge as a one-stop counter for all the health needs of the end-users. Healthy Master not only offers quality products but also assures timely deliveries, powered by quality customer support, along with providing exhaustive diet help for people with diabetes, and the followers of gluten-free and keto diets.
Cashfree is a fintech company from Bangalore that helps Indian businesses in making and accepting payments. Cashfree boasts of having more than 50000 businesses under their wing, whom they help in payment collections, vendor payouts, wage payouts, instant loan disbursements, and more.
Leading internet companies like Cred, BigBasket, Zomato, HDFC Ergo, Ixigo are some of Cashfree’s leading customers among others!
De Space is an interior designing startup headquartered in Bangalore. De Space caters to the residential homeowners with the help of skilled laborers, contractors, designers, carpenters, and supervisors to bring transforming turnkey designs. FHD Group India, Dreamspace India, Asense Interiors are some of the competitors that De Space has in the market.
Ninjacart is a B2B supply-chain initiative focused on fresh produce headquartered in Bangalore. The company aims to connect the farmers, manufacturers, and brands directly to the retailers. With the help of the Ninjacart platform vegetables and fruits can be distributed to the retailers directly and to the restaurants across the country.
Foxmula is a community-based ed-tech company that focuses on offering its users training, certifications, networking internships, jobs, and workforce. The company claims to be more than just an e-learning platform as it also goes ahead to focus on industry-oriented learning, career building, industrial hiring, and workforce management and thereby addressing unemployment issues.
GrabOnRent believes in providing easy access to furniture, appliances, and fitness equipment for everyone. One can simply browse through their exhaustive list of products, compare prices and delivery times among them and as soon as they select their product and make the payment online, they can get the particular item delivered right to their doorsteps.
ZestMoney is a consumer lending fintech company of India that helps people avail the benefit of digital EMIs without the need of reviewing the credit card or credit score. The company believes that EMI should be made available to all irrespective of whether the customers hold credit cards or manage healthy credit scores.
ZestMoney helps its customers pay for their flights, mobile, clothes, household appliances, holidays, TV, laptop, and more via EMI.
One of the largest marketplaces in India for bike and car sharing, Drivezy helps people turn their vehicles into earning members of their companies. Through its platform, people can book scooters, motorcycles, and cars from others who live around them. Starting in 2015, Drivezy currently boasts of 1500 owners tied to their network.
Multibhashi, as the name suggests, is a language learning app from Bangalore, India, which aims to be a huge help to Indian language enthusiasts around the country. These learning courses are designed by the linguistics experts of the company, which is imparted to the users via Cloud LMS, cloud telephony, streaming video, real-time chat, experiential learning, gamification, and interactive evaluation. This further leads to adaptive learning by the user.
ADmyBrand is an analytics-based omnichannel for ATL advertising. This ad marketplace helps in advertising on outdoor media, mobiles, radios, televisions, hoardings, newspapers, and other media via programmatic advertising and other disruptive technologies and thereby empowering the brands and marketing professionals of the age.
Luxaire is a fan manufacturing company that produces premium quality, decorative and eccentric ceiling fans to suit the growing needs of households and offices. Every fan from Luxaire is crafted with quality and with the disruptive technology that they are powering them. Initially starting with Punjab, UP, Sri Lanka, and the Maldives, Luxaire had already opened their eCommerce store with growing demands each day.
Strata is a Bengaluru-based company established in 2019, which is founded as a fractional real estate investment platform to invest in commercial real estate properties without any hassles. Furthermore, it ensures that all these investments in properties are affordable and transparent.
Bonito helps in bringing interior and exterior designing solutions for residential buildings, offices, and commercial buildings. Every member of Bonito takes care of the designing projects that come their way and promise their unique outputs in making the overall stand out from the rest.
Billed as India’s first online shopping marketplace, Voonik offers stylish hand-picked items for women. Furthermore, Voonik also offers numerous style advice and other fashion-related recommendations for their customers. Voonik merged with Bangladesh-based ShopUp on February 19, 2020.
Spoonshot emerges as a personal discovery platform, which aims to replicate human cognition in the food and beverage industry. The company leverages the all-new artificial intelligence technology to bring innovation to the food industry. Furthermore, the cutting-edge technology that the company uses helps them to predict upcoming trends and opportunities for innovation, revealing the future of food. Today, Spoonshot is supporting the world’s best-known brands in meeting the future needs of their customers. Spoonshot has received $712,000 from HNI, Zeroth.AI, Techstars, and Arts Alliance.
Refrens is a marketplace for business service providers that boasts of a network containing freelancers and agencies and acts as a bridge between them and the customers. It thus encourages the freelancers as well as the end-users to get the ultimate work done. The company is headquartered in Bangalore.
AttainU focuses on helping students make a career out of software engineering. It serves as a huge full-time, live online college alternative education platform for computer enthusiasts who want to explore the possibilities of software engineering. AttainU offers interactive and promising Live and Online full stack development courses to train the users and help them get hired and pay only when they get their jobs.
An intra-city logistics provider from Bangalore, Blowhorn was founded in 2014 and has grown up to be one of the leading names in the industry. It is distinguished by the forward, reverse logistics that it provides for first, middle, and last miles. Whether you want to transfer 1g or 1Ton weight of goods, Blowhorn is your destination.
Fatema Hussain, Mohammed Zeeshan, Ruhan Naqash, Sameer Ramesh
Industry
Education, E-Learning
Founded in
2013
MyCaptain – Bangalore-based Edtech Startup
MyCaptain is an online e-learning platform that exposes its students to one of India’s largest learning communities and thereby, helps students discover and pursue their passions. The company was founded in 2013 by Fatema Hussain, Mohammed Zeeshan, Ruhan Naqash, Sameer Ramesh and is headquartered in Bangalore.
CamfyVision is a video analytics company powered by AI, which develops intelligent computer vision algorithms using the combination of AI and deep learning. Headquartered in Bangalore, CamfyVision explores a wide range of functionalities like ANPR, traffic management, parking detection, detecting illegal parking, vehicle counting, speed estimation of vehicles, and more.
CamfyVision was founded by Vedpal Singh. The man has done his B.Tech from UPTU and has an M.Tech degree from Kurukshetra University. He did his Ph.D. from Universiti Teknologi PETRONAS in Malaysia. Before starting CamfyVision, he worked with Mindtree as a technical lead in computer vision and artificial intelligence assignments. The CamfyVision skeleton crew consists of nine people
Docttocare is founded as an online healthcare service provider, which offers easy consultation with the best doctors, clinics, hospitals, and more. Docttocare fosters excellent relationships between doctors, clinics, and patients and helps create better user experience and engagements by offering the options of virtual walkthroughs for the patients even before they land in a particular healthcare center.
Arzooo is a prominent retail technology platform, which acts as a B2B tech retail platform and a marketplace for the users who want to buy laptops, computers, and small or large electronic appliances. It is one of the fastest growing B2B retail tech platforms.
With a view of empowering coliving, Grexter Living helps its users find well-designed, safe, and affordable places to live. The key motto of the company is to locate good communities with commendable amenities for people to live in via a transparent process and without hassles.
Vedantu is an Indian e-learning platform built to ease tutoring and learning online. The platform helps to bring the tutors and the students on a level plane that helps them connect effortlessly and experience all the benefits of face-to-face learning online. WAVE (Whiteboard Audio Video Environment), a technology built by the company in-house, helps the students and the teachers enjoy a real-time virtual learning environment that makes online learning more interactive and interesting than ever. Know about the marketing strategies adopted by Vedantu.
GamesKraft is a gaming company that engages in developing games to be played online and through mobile gaming apps. The company has assisted numerous games and played a significant part in developing and scaling mobile apps for Bellwether Technology startups like Goibibo, Grofers, Myntra, Flipkart, and more. Prithvi Singh founded GamesKraft in 2017 and it is headquartered in Bengaluru, Karnataka.
LegalDesk.com is a game-changing platform that acts as a DIY platform for Indian users to help them create various legal documents and contracts online. All that the users need to do with legaldesk.com is to fill up their requirements along with all the relevant information, preview their legal documents and download the same as per their convenience. Furthermore, they can also opt for the hard copies of the documents to be delivered to their doorstep.
LegalDesk team comprises legal consultants, product designers, software engineers, content creators, salespersons and true blue digital marketers, customer engagement specialists, and more.
Capital Float
Bangalore Startup
Capital Float
Founders
Gaurav Hinduja, Sashank Rishyasringa
Industry
Financial Services, Fintech
Founded in
2013
Capital Float – Startup in Bangalore
Capital Float was founded in 2013 with a view to empower small and medium-sized enterprises and companies by offering them the working capital finance that they require. Furthermore, the company also offers short-term loans that are flexible for the budding companies and startups with which they can purchase inventory, optimize cash cycles, service new orders, expand their businesses, and more without any worries.
The users who are interested in applying for loans can do it in minutes now with Capital Float just by choosing their desired repayment terms and they will receive the funds they have applied for, credited to their bank accounts within 7 working days if everything goes alright.
Recko
Bangalore Startup
Recko
Founders
Prashant Borde, Saurya Prakash Sinha
Industry
Saas, Finance, Fintech
Founded in
2017
Recko is a financial operations platform that helps internet businesses and companies to analyze and manage financial data and makes financial workflows like calculating commissions, reconciliation, payout creation, and reporting easier than ever before. It is one of the best digital platforms for businesses to track and manage their account money seamlessly from end to end.
Mobile Premier League or MPL is an eSports platform that enables its users to delve into their favorite games and win real cash prizes. It is a skill-based online sports platform that brings in a wide variety of games to suit the growing needs of the gamers of today and help them join with their friends and showcase their talents along with opportunities of winning amazing cash prizes.
Embibe is an educational platform powered by personalized educational feedback services for students. Founded in 2012 by Aditi Avasthi, Embibe seeks to improve the educational standards of the students by leveraging personalized feedback.
Embibe is currently acquired by Reliance Industries, which acquired around 73% stakes in the company in 2018.
Zeta
Bangalore Startup
Zeta
Founders
Bhavin Turakhia, Ramki Gaddipati
Industry
Banking, Financial Services, Fintech
Founded in
2015
Zeta – Startup in Bangalore
Zeta can be described as a banking tech company for the modern societies that offer Modern Core and Processing for banks and financial institutions and Embeddable Banking for fintech and distributors.
Tachyon suite and Fusion are two of the best software that helps banks and fintech to get the best out of Zeta’s services. Founded in 2015, Zeta is currently available in India and even for banks, fintech, and enterprises in other parts of the world.
BuyHatke
Bangalore Startup
BuyHatke
Founders
Gaurav Dahake, Prashant Singh
Industry
E-commerce
Founded in
2012
buyHatke – Startup in Bangalore
A user in his/her usual journey to buy a specific product has to undergo a series of steps before landing on the specific product. BuyHatke, on the other hand, is one such company that aims to wipe out all the unnecessary steps that are there in between to trouble the users and help them get what they want with a simple search.
A dynamic product and price discovery platform, BuyHatke accumulate all the results it can get from different online shopping portals and extends the best deals to their customers, who can then go for the best deal they want and complete the purchase. The website currently displays an exhaustive list of products from over 40 promising eCommerce websites like Flipkart eBay, jabong, yatra, and more, which includes all kinds of products.
Chumbak
Bangalore Startup
Chumbak
Founders
Subhra Chadda
Industry
Shopping, Lifestyle, Ecommerce
Founded in
2009
Chumbak – Startup in Bangalore
Chumbak is a Bangalore-based Indian gifting startup that is basically an eCommerce website loaded with products that can serve all kinds of gifting purposes. Whether the users are looking for gifting their friends on their marriage, birthday, work anniversary, baby showers, and more, Chumbak will let them get the gift they want without any hassles.
Elocals Dakoo App is a hyperlocal eCommerce startup based in Bangalore. It was founded in 2017 by a team of IIT Kharagpur and IIM Kozhikode alumni—Avkash, Amit, and Kuldeep. The team is building a digital bridge between the local merchants and customers. Elocals is empowering local merchants and resolving issues regarding both online and offline modes of shopping. Through Elocals, small and medium sized enterprises affected by the dominance of the ecommerce giants can compete and grow against their online peers. As a result, customers are enjoying quick deliveries and good services at lower prices. Elocals currently operates in Bangalore but is planning to serve other Indian cities sometime soon.
Conclusion
This was our list of Top Startups and entrepreneurs in Bangalore. We hope this post on the Bengaluru-based startups has awakened the entrepreneur in you. Contact us to get featured in this list of Bangalore-based Startups.
FAQs
What are the best food and beverage manufacturing companies in Bangalore?
Here are the best food and beverage manufacturing companies in Bangalore:
Eatfit
Ola Foods
United Breweries
Tata Consumer Products
Hindustan Coca-Cola Beverages
Tata Coffee
United Spirits
Amrut Distilleries
Eagleowl
Xook
Orinko
Biggies Burger
Teabox
What are some Bengaluru-based tech companies?
Bengaluru-based IT companies list includes:
IBM
Infosys
Wipro
TCS
Amazon
Cognizant
Wipro
Deloitte
Capgemini
Oracle
What are some common online shopping companies in Bangalore?
Some of the well-known online shopping companies in Bangalore are:
Flipkart
Bigbasket
ShopX
Shophunk
Craftsvenue
Which digital marketing startups in Bangalore are some of the popular ones?
Some of the digital marketing startups in Bangalore are:
Digibaap
The Words Edge
Einfach Digital
Upword Media
Wytti
Techconnectr
Mind Blue
Social Panga
What are some prominent Bangalore software companies?
Some of the prominent Bangalore software companies are:
Wipro
Infosys
Accenture
TCS
IBM
Oracle
Cognizant
Capgemini
Cisco
Mindtree
HCL
Amazon
Dell
HP
Tech Mahindra
SAP
Honeywell
Mphasis
What are the business opportunities in Bangalore?
Bangalore offers numerous business opportunities for freelancers, businessmen, business professionals and other individuals. Here are 8 most profitable business opportunities in Bangalore:
Catering service
Retailing Online
Mobility Services
Packing and Moving Services
Furniture Rental Services
Childcare Services
Real Estate Broking
Food Delivery Services
Which are the top Startups in Bangalore?
Some of the most successful Bangalore-based startups are:
Nitin Konde
