In recent years, advancements in technology have revolutionized the way we perceive transportation, giving rise to innovative solutions that offer unprecedented convenience and freedom. The introduction of self-driving car rental is one such innovative breakthrough that has completely changed our ideas about what it means to own and operate a vehicle.
With the rise in self-driving car rental, worries about fuel economy, insurance, breakdowns, and mileage have all been lifted. Imagine a world in which renting a car in any city is as easy as using a straightforward app on your phone, giving you the utmost freedom, privacy, and control when you’re on the road. Zoomcar, a ground-breaking platform that has revolutionized how people experience mobility, has made this vision a reality.
Established in 2013 by Greg Moran and David Back, Zoomcar has redefined urban mobility, offering driving convenience nationwide. With a user-friendly app, the platform simplifies the booking process, allowing users to effortlessly book a self-drive car for a seamless travel experience. Zoomcar eliminates the hassles of traditional car ownership, making travel more accessible and transforming the urban transportation landscape.
Read this article to know more about Zoomcar founders, business model, revenue model, growth, challenges faced, funding, and more.
Zoomcar, India’s leading car rental marketplace, pioneered personal mobility with car-sharing services in 2013, securing its position as the market leader. Zoomcar is dedicated to growing, transforming highways into open-air art galleries, and bringing the advantages of self-driving vehicles to additional communities. It sees mobility as an immersive experience that offers people unmatched autonomy, privacy, and freedom in the age of self-driving automobiles.
With a strong focus on the mobile experience, Zoomcar allows seamless car rentals by the hour, day, week, or month, eliminating worries about mileage, fuel costs, insurance, and breakdowns. Travelers can reserve a self-drive automobile in any location with ease thanks to the user-friendly software, which makes them feel at home wherever they go. Zoomcar has revolutionized driving convenience for tourists all across the country and is still growing quickly to satisfy the needs of urban mobility.
Zoomcar – How it Works
Zoomcar revolutionized the car rental industry in India in 2018 by launching the nation’s first peer-to-peer automobile marketplace and creating the sharedsubscription mobility model. With an amazing 90% market share as of August 2021, Zoomcar is leading the way in the digital revolution of the sector. Keyless entrance, complete sanitization, and digital customer assistance are just a few of the frictionless and secure experiences that the platform guarantees by utilizing cutting-edge technology like AI and IoT.
Zoomcar’s data-driven methodology, which uses vehicle monitoring and predictive analysis to determine driver scores based on variables like speed and distance, demonstrates the company’s dedication to innovation. This enhances customer safety, vehicle upkeep, and encourages cautious driving. Zoomcar is still influencing the self-drive mobility scene in India by prioritizing ease of use and security.
Travel with Zoomcar
Zoomcar – Industry
The car rental industry in India in 2023 was valued at $2.9 billion, with a projected growth to $3.8 billion, reflecting a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2023 to 2028.
This growth highlights the important part that automobile rental services play in providing for the wide range of mobility needs that customers have across the nation. A research analysis from Mordor Intelligence indicates that the market is expected to grow significantly because to factors like growing urbanization, consumers’ choice for quick and adaptable transportation options, and the continuous change in travel habits.
Zoomcar – Founders and Team
Zoomcar was founded by Greg Moran (co-founder and CEO) andDavid Back (co-founder and former President) in 2013.
Greg Moran, Co-Founder and CEO, and David Back, Co-Founder and Former President of Zoomcar (Left to Right)
Greg Moran
Greg Moran is the co-founder and CEO of Zoomcar. He is a seasoned professional with a history in international relations and finance. He graduated from the University of Pennsylvania with a BA in international relations and the USC Marshall School of Business with an MBA in finance and entrepreneurship.
Greg’s career includes jobs as an Analyst, Senior Analyst at Fieldstone Private Capital Group Ltd, followed by positions in financial analyst, business development at International Power America, Inc., and than Project Finance Consultant at Greg Moran Consulting.
David Back
David Back is the co-founder and former President of Zoomcar. The dynamic professional David Back graduated from the University of Pennsylvania with a BA in history. He then went on to Harvard Law School for his JD and the University of Cambridge for his MBA. Along the way, he has held positions as the Hydrogen Expedition’s Director of Government Relations, the Kauffman Foundation’s Researcher for the General Counsel’s Office, and a Summer Associate at Goldman Sachs and McKinsey & Company.
Beyond Zoomcar, after his exit in 2015, he has served as Entrepreneur In Residence at Idein Ventures, Chairman at Tattered Cover Book Store, Inc., Speaker at The London Speaker Bureau and than assumed the role at Icarus Ventures where he is Managing Partner.
Zoomcar has 201–500 employees, as per LinkedIn.
Zoomcar – Startup Story
David Back and Greg Moran met at the University of Pennsylvania’s hallways, which created the conditions for their business adventure. Greg got the concept in college—he’s always had a fascination for India. With a little cash and a great deal of guts, Greg relocated to Bangalore in 2012 to launch Zoomcar. Their goal was to make car rentals enjoyable and simple.
David assumed leadership roles as Zoomcar took off, but circumstances had other ideas. He chose to take a step back in 2012 in order to spend more time with his family. But don’t worry, Greg took the wheel. Having worked in clean technology, he founded Zoomcar with an emphasis on environmentally responsible transport. They were more than just car rental companies; they were revolutionizing transportation-related thinking.
The tale of Zoomcar is a great example of perseverance combined with environmental awareness. Greg’s passion for India and the founders’ aspiration to use tech-enabled ideas to better the world made Zoomcar remarkable. Now, Zoomcar looks out for the environment in addition to helping people rent automobiles. The Zoomcar journey goes on, snaking its way through the rapidly evolving narrative of India.
“The opportunities in India, I realized, would only be compounded over the years, and thus, it became imperative for me to be part of India’s growth story by introducing sustainable self-drive models that cater to the challenges in mobility at large”, says Greg Moran, CEO of Zoomcar.
Zoomcar – Mission and Vision
Mission: The mission of the company is simply stated on the company website: “We exist for a simple reason: we want to drive India’s transformation to sustainable transportation. Unlike other providers, Zoomcar is laser focused on creating self-drive solutions for the current mobility predicament. It’s still early days and while the road before us will certainly have many twists and turns, the sustainable light at the end of the tunnel is what motivates us day in, day out.
Vision:
“Our vision is to acquaint new-age customers with hassle-free car ownership. At Zoomcar, we have always empowered our customers with better mobility alternatives and will continue doing so at scale. This also positively affects the automobile industry as it eliminates the economic barrier to entry of various socioeconomic groups”, says Greg Moran, co-founder of Zoomcar, about the vision of the company.
Zoomcar – Name, Tagline, and Logo
Zoomcar Logo
The tagline of Zoomcar is Never Stop Living.
Zoomcar – Products and Services
The company offers a comprehensive suite of car rentals. From hatchbacks to sedans and premium vehicles, it offers users over 10,000 options as of 2020 to choose from at Zoomcar. These are made more attractive with exciting deals and promotions that the team comes up with on various occasions or long weekend breaks.
Zoomcar has also launched India’s first vehicle model agnostic Driver Score Tech Stack for the passenger car segment in October 2019. The AI-Powered algorithm with machine learning capabilities tracks the mechanical specs of the car being driven, the driving style of the customer, identifies critical events of driving and rates it on a scale of 0-100.
Over the past years, while Zoomcar has continued to rent out cars on an hourly basis, it has also brought in several changes. Today, one can have a car delivered to their location. It runs on a different business model, and the focus is on customers who want the freedom of having a car any time they require, for a longer duration.
“The only way we have been able to stay ahead of the curve is by keeping our laser-sharp focus on the vehicle rental space and business. Whether it is cars or two-wheelers, we believe that in personal mobility there is a shift from ownership. That will not move towards the taxi industry but more towards self-drive or rentals”, says Greg Moran.
Zoomcar – Market Share and Market Size
Zoomcar had 75% of the market share as of October 2021. In 2018, Zoomcar introduced India’s first peer-to-peer marketplace for cars with the launch of its shared subscription mobility model, and commands over 90% market share in this space as of August 2021. With the growth of the sharing economy across the globe, subscription-based car ownership is becoming an increasing trend.
The startup boasts of hitting a massive 15,000-car subscription run rate through its shared mobility platform as of September 2019. In the Electric Vehicles segment, the team has announced during end of 2020, its fleet of electric vehicles (EVs) has completed over 1 crore km. As of May 2023, Zoomcar boasted over 25,000 cars listed on its site by private vehicle owners.
Zoomcar – Business Model
Zoomcar has positioned itself competitively in the volatile shared mobility market by offering two resilient business models: long-term subscriptions and short-term rentals. Customers can readily choose hourly or daily prices for short-term needs; pricing is based on the type of vehicle selected.
Taking a bold step forward, Zoomcar transitioned to an asset-light, marketplace model, redefining its approach. With the help of this creative approach, people list their own vehicles on Zoomcar’s online marketplace with ease. With this proactive step, the firm hopes to quickly grow its fleet of vehicles across the country.
This move not only demonstrates Zoomcar’s dedication to sustainability, but it also represents a clever and successful move in the ever-changing shared mobility market. With this change in approach, Zoomcar is now positioned to compete in the market and demonstrate its flexibility and vision in responding to the evolving needs of consumers in the shared mobility area.
Zoomcar strategically maximizes its revenue through a multifaceted approach:
Flexible Packages: Zoomcar’s primary source of income is its provision of adaptable rental car packages. Clients can select packages based on how long they need a car—days or hours—so they just have to pay for the time they need it.
Varied Car Options: Since different cars have varied rental prices, the customer’s choice of automobile has an impact on revenue. With this tiered pricing structure, income is guaranteed to represent the wide range of client choices and preferences.
Advertising and Campaigns: Zoomcar aggressively advertises and runs campaigns to draw in a wide range of clients by promoting its services. The maintenance of visibility and competitiveness in the automobile rental market is contingent upon the implementation of strategic marketing initiatives.
Zoomcar – Challenges Faced
The personal mobility segment in India is fast growing and the co-founders saw it to be a segment that needed the most disruption, but the journey has most certainly has had its challenges. There is always a learning curve involved when one is introducing a new category. Car rentals were something that was truly unheard of when Zoomcar commenced its operations, said Greg Moran, who further continued,
“I remember how cumbersome a task it was to comply with regulations for number plates of the fleet, simply because of the unprecedented opportunity. It has been a learning experience to educate and sensitize the authorities and our customers alike, about the perks of car rentals”, when asked about the challenges faced.
To start car rentals, Zoomcar first had to get a license, but it could not get one. This was primarily because the Contract Carriage Permit needed them to have yellow board license plate vehicles. Zoomcar did not have a fleet and it needed to tie up with an owner of a fleet soon. By this time, the company had already raised seed funding and had tied up with several car makers. Greg had put in all his savings also, and it was suddenly a make-or-break situation.
The only way out was to work with an existing player that already had a license. At that point in time, there were five of those (in Bengaluru). Four rejected Zoomcar outright, and it was down to the wire as the founders met with Ramesh Tours and Travels. If that did not work, it meant going back to the US. Greg had one final meeting with Ramesh. They agreed on the terms and worked out a licensing agreement.
“I did not book a return ticket (to India) before the meeting. I went back to the US the next day, but I could come back and that was a relief. It was extremely nerve-wracking and very stressful because it would have been awful to return money to investors before starting a business”, recalls Greg about how Zoomcar was saved.
Zoomcar – Funding and Investors
Till now, Zoomcar has raised around $287.2 million across 24 funding rounds.
Here are some of the funding details of Zoomcar:
Date
Stage
Amount
Investors
February 22, 2023
Convertible Note
$21.3 million
–
October 20, 2022
Debt Financing
$10 million
Ananda Small Business Trust
October 19, 2022
Venture Round
–
–
November 9, 2021
Series E
$92 million
SternAegis
July 12, 2021
Series E
$17.6 million
SternAegis
May 12, 2021
Corporate Round
$5.5 million
–
March 11, 2021
Series E
$75 million
SternAegis
February 8, 2021
Venture Round
$4 million
–
January 20, 2020
Series D
$30 million
Sony Innovation Fund
December 3, 2019
Corporate Round
$4.8 million
–
September 17, 2019
Corporate Round
$1.9 million
–
Zoomcar – Growth
Zoomcar has experienced significant growth. Some of the growth highlights are:
Zoomcar operates in more than 50 cities globally (majorly in India) and has 3 million+ active users as per news report of January, 2024.
It is operating in three countries India, Indonesia, and Egypt, as per news report of December, 2023.
Zoomcar officially went public with the formation of Zoomcar Holdings, initiating trading on Nasdaq under the symbol ZCAR on December 29, 2023.
Company has covered 2 billion+ kilometers as of June, 2023.
It boasts more than 20,000 hosts and more than 5 million visitors as of June, 2023.
It has over 25,000 cars listed by individual vehicle owners on its platform as of May, 2023.
Zoomcar records average 60,000 rental transactions every month on its platform as of October 2022.
Financials
Zoomcar Financials
Zoomcar Financials
FY22
FY23
Operating Revenue
Rs 95 crore
Rs 69 crore
Total Expenses
Rs 359 crore
Rs 322 crore
Profit/Loss
Loss of Rs 74 crore
Loss of Rs 237 crore
Expenses
Zoomcar total expenses reduced to Rs 322 crore in FY23 from Rs 359 crore in FY22.
EBITDA
Zoomcar FY22-FY23
FY22
FY23
EBITDA Margin
-11%
-242%
ROCE
-41%
–
Expense/Rs of op revenue
Rs 3.78
Rs 4.67
Zoomcar – Advertisements and Social Media Campaigns
Zoomcar Campaign
Zoomcar campaign beautifully captures the warmth of the host-guest connection, aiming to enhance user understanding of the marketplace model. The campaign embodies Zoomcar’s ideals, from presenting a variety of cars and keyless entry to emphasizing the value of user reviews and enabling two-way contact. It also encourages aspiring business owners to host their vehicles on Zoomcar as a means of earning extra money, reaffirming the platform’s dedication to promoting both deep connections and entrepreneurial prospects.
Zoomcar – Advisors and Mentors
Mahindra has been a tremendous partner. Electric mobility was something they always wanted to push out and continue to develop over the next decades. This is a long game they are playing, and in that way, their long-term interests are very much aligned with Zoomcar.
“I think if you look at them they have certainly been visionaries in mobility in India and Anand Mahindra, hat’s off to him, especially because he was able to see out into the future way back when they started to partner more deeply with REVA, which they acquired way back in 2010. Mahindra was always a cornerstone”, says Greg about Mahindra.
Zoomcar – Awards and Achievements
The company has received several different awards including Top Place to Work, Top Brand Marketing Campaign, among others. Each year, it receives several marketing-related awards – CIDCA Award for excellence in Digital Advertising and Marketing, ACEF, Best ATL Campaign for a Cause award at the mCube 2019 etc.
Zoomcar – Competitors
Zoomcar has numerous competitors when it comes to its core business as a mobility service provider. Some of the Zoomcar competitors include:
Zoomcar envisions a robust future plan as it seeks to triple its current fleet size as it has over 25,000 cars listed by individual vehicle owners on its platform, aiming to host a minimum of 60,000 cars on its platform by the end of the calendar year 2023 as per news report of May, 2023. Zoomcar is committed to providing flexible and accessible transportation solutions to satisfy the increasing demand from individual vehicle owners, and this ambitious growth is a reflection of that dedication.
Zoomcar – FAQs
When was Zoomcar founded?
Zoomcar was founded by Greg Moran and David Back in 2013.
What is the operating revenue of Zoomcar?
Zoomcar operating revenues in FY23 were Rs 69 crore were in FY22 revenue was Rs 95 crore.
What is Driver Score Tech Stack?
Zoomcar launched India’s first vehicle model agnostic Driver Score Tech Stack for the passenger car segment. The AI-Powered algorithm with machine learning capabilities tracks the mechanical specs of the car being driven, the driving style of the customer, identifies critical events of driving and rates it on a scale of 0-100.
How many cars does Zoomcar own?
It has over 25,000 cars listed by individual vehicle owners on its platform as of May, 2023.
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.
800+ stories, thousands of founders, and millions of visitors. Want to be the next?
StartupTalky is where founders, entrepreneurs, startups and businesses hang out and look up to for inspiration. If you have the means, we have the medium! Inviting founders and startups who are building sustainable solutions from ground zero! Startups who run the show, StartupTalky will let the world know!
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:
Zoomcar is the first self-drive car rental firm in India. ZoomCar operates on a strategy in which it borrows money from banks to acquire 75% of the cars in its network, with the other 25% leased from major firms like Avis Budget Group.
Zoomcar was founded by Greg Moran and David Back in April 2012. In this article, you will find some intriguing information about the life of David Back.
David Back is one of the two co-founders of Zoomcar which is India’s first car rental company specialising in “western-style” self-drive rentals. With seven cars, Zoomcar commenced operations in Bangalore in February 2013. It had expanded to roughly 1,500 automobiles in six locations by the time Back departed day-to-day administration at the end of May 2015.
The company is still expanding, with over 9,000 automobiles in over 45 Indian cities. Zoom is assisting India’s cities in becoming smarter and more sustainable by providing a variety of transportation solutions to meet a variety of demands. Today Zoomcar is having its existence in five countries and 100+ places.
The idea to India was unique and Zoomcar did not have to initially struggle for investments. Their advisors include Former Infosys CFO Mohandas Pai, British politician and entrepreneur Lady Barbary Judge, Former US Treasury Secretary Larry Summers, and academics from Wharton, Harvard Law School, and Cambridge University’s Judge School of Business.
David Back graduated magna cum laude from the University of Pennsylvania and cum laude from Harvard Law School, where he held teaching fellowships on the history and prospects of globalisation under Niall Ferguson and Larry Summers. He was given a full scholarship to study for an MBA at Cambridge University’s Judge School of Business. But fortunately and unfortunately he quit out after one term to start Zoomcar in India.
David Back with Greg Moran
David Back has worked in various organizations. Some of them include a consultant for McKinsey & Co., an investment manager for Goldman Sachs, and a research analyst for the Kauffman Foundation’s General Counsel too. He also has worked and contributed to The Hydrogen Expedition. This was a campaign to raise awareness about alternative fuels by circumnavigating the world on a hydrogen fuel cell-powered boat. David is exceptional with his career and serves on the boards of advisers for a number of start-ups in the US, India, and the UK.
David Back also edited, 365 Of The Wittiest, Most Cutting Insults From History. It is a page-a-day desk calendar sold to Barnes & Noble Publishing. It features, among other things, critiques from Winston Churchill, Mark Twain, Voltaire, and Mahatma Gandhi too.
David Back’s Journey with Zoomcar
By late 2012, the two founders Greg Moran and David back had collected a significant amount of money, and David and Greg had quit their professions in the United States and relocated to Bangalore, India.
They intended to establish Zoomcar as an hourly rental platform at first. However, it now functions not just on a short-term rental basis, but also on a long-term subscription basis.
Zoomcar is the market leader in India’s self-drive sector, with approximately 10,000 automobiles in its fleet. The company’s golden era began in 2018, when its income topped Rs 155 crore, before skyrocketing to Rs 259 crore the following year. That isn’t to say it didn’t hit some roadblocks along the way. Challenges were unavoidable when launching a whole new company model, from forming a partnership with a fleet vehicle owner to obtaining licence plates for the fleet of automobiles.
David’s Exit from Zoomcar
David Back, the co-founder of Zoomcar, resigned from the self-drive car rental startup in 2015 and returned to the United States for personal reasons. According to paperwork submitted with the Registrar of Companies, Back left ZoomCar India Pvt. Ltd on May 12, 2015.
“It’s been a smooth move for David,” said Greg Moran, co-founder and CEO of Zoomcar. Back’s departure, according to Moran, was prompted by both personal and professional factors. “David has always prioritised early-stage prospects and will do so in the future.”
“I’ve been the company’s CEO since the inception, and his departure will have no influence on the company’s growth trajectory,” he continued. Back will retain his stake and board seat in Zoomcar Inc., the parent company of Zoomcar India, according to Moran. But David never returned to Zoomcar again.
Today, David says that “I was a co-founder of India’s first automobile rental firm. I’m now based in Denver. I am the Chairman of Tattered Cover, the greatest bookstore in the Western Hemisphere.” People like David create a revolution. Zoomcar is one such revolution for our country. There is no denying that India has a market for automobile rentals. However, it has a long way to go before it reaches the maturity of a European or American market. Nonetheless, David continues to grow his life in different spheres and will continue the same ahead in future.
FAQ
Who is David Back?
David Back is the co-founder of Zoomcar, who is now a chairman of Tattered Cover Book Store.
Why did David Back resign from Zoomcar?
David Back exited Zoomcar in 2015 and returned to the United States for personal reasons.
Every Middle-class person has a dream to buy a car. People in India think owning a car is a matter of prestige, while people don’t think that today it’s just an extra burden upon your expenses. Gone are those days when a car was considered a luxury.
Greg Moran and his partner David Back established Zoomcar, a self-drive car rental firm that allows users to hire vehicles on an hourly, daily, or weekly basis, to modify and cultivate this mindset.
University of Pennsylvania, University of Southern California
Title
CEO & Co-founder of Zoomcar
Greg Moran: Personal Life
Greg Moran was born in the New York City of America. His parents had a love marriage; his mother was an Italian lady who shifted to New York after her marriage.
Greg did his early schooling in New York and went to Philadelphia for his graduation at the University of Pennsylvania. He studied International relations. Greg is also fond of cooking and his specialties are pasta in fresh pesto or meatball, coconut curry with prawn or chicken, salads, and chocolate cheesecake. Not only he tells about his cooking but has a craze to visit a Dosa eating competition sometime.
Greg has a lot of hobbies that include playing piano and hitting the golf links. When he is not doing work and zooming around he goes to visit different golf fields.
He is also researching sustainable development to create a sustainable economic zone for the people around the globe.
Greg Moran: Career
After graduating from the University of Pennsylvania, he began his career at Cerberus Capital Management as Summer Associate from July 2006 to August 2006. In 2007 he joined Fieldstone Private Capital Group Ltd as a Financial Analyst. After doing the job for several years, in 2011 he opened up his firm Greg Moran Consulting.
With the failure of his consulting company, in 2013 he and David Back founded Zoomcar, a self-drive rental car-based company in India. David returned to the US in 2005 after his marriage and Greg continued with Zoomcar and services in India.
Greg has also worked in the worldwide energy and infrastructure industries in a variety of financial, operational, and strategic capacities. Greg was involved with projects worth over $12 billion on six continents at this time. Solar power, wind power, and energy storage were among his major focus areas within the industry. Zoomcar is also a model of sustainable development that also caters to the self mobility needs of people in India.
Greg Moran: About Zoomcar
The Self Drive Car rental company was initiated in Bangalore in 2013. It was first started with an initial investment of $215,000 and a pack of seven cars. Zoomcar was a new concept in 2013 as there was a rise in Ola and Uber that were providing a chauffeur-based service, whereas Zoomcar was one offering a 100% pure-play, self-drive car rental service in India.
In India, that was a big step forward. It was understood that there would be demand for this kind of service, it also had the potential to grow and blow up the Indian markets.
Zoomcar services allow customers to hire a car and drive it whenever they want, and they also provide a large selection of automobiles to meet an individual’s demands at the touch of a button.
Zoomcar provides their customer a hassle-free experience by saving a lot of money without any long-term commitments. Greg came up with advancements for Zoomcar as technology progressed, such as the ability for customers to check availability and reserve a car of their liking with the touch of a button on their smartphones.
Greg Moran: Vision
Greg is always passionate about sustainability and has a dream to create a better sustainable economic development model for people all around the world. He also once said in an interview that ‘If not Zoomcar, I would likely have been an investor in technology companies within the sustainability domain.’
Although Zoomcar’s business strategy is based on sustainability, it also responds to the market’s demand for easy self-drive transportation. However, Zoomcar has always succeeded in carving a niche for the disruptive offering.
Several startups and taxi aggregators have followed Zoomcar’s lead and entered the self-drive mobility market, which only serves as confirmation of our goals. One of the focus areas is by adding more and more vehicle models which will be offered to the customers on a subscription basis.
A survey has shown about 50-60% majority in the demand for premium hatchback in 2019 but as of now, it has gone up by 70-80% in the recent 3-4 months of post-Covid-19 lockdown. The company will now be attentive to the subscribed customers and will provide additional benefits to satisfy their needs.
Even nevertheless, the need for mobility service is as pressing as ever. Because individuals would avoid taking public transportation to stay safe from the virus, the demand for rental vehicles will only increase. This industry is looking at various car subscription models to serve the needs of the customers and increase the business in the car rental industry.
FAQ
What is the education qualification of Greg Moran?
Greg Moran has completed his B.A in International Relations from University of Pennsylvania.
When did Greg Moran founded Zoomcar?
Greg Moran and David Back founded Zoomcar in 2012.
Damini Bhandary
Vidhi Punamiya
