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Tag: Quikr homes

  • NestAway Success Story – Home Rental Has Now Become Easier!

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by NestAway.

    The home rental has been a pretty rigid segment, particularly in India. Homeowners have qualms about hiring tenants and it’s not a smooth sail for the latter either. Unrealistic advance deposit demands, lack of proper amenities and facilities, and turbulent rental agreement fiasco are just some of the problems that hamper the entire process.

    NestAway, a Bengaluru-based startup has identified this crisis and is now setting things right. This is a detailed article about NestAway, how the startup came into being, and how it is operating to simplify the process of finding rented accommodation.

    NestAway – Company Highlights

    Startup Name NestAway
    Headquarters Bengaluru
    Founders Amarendra Sahu, Smruti Parida, Deepak Dhar, And Jitendra Jagadev
    Sector Real Estate , Home Improvement
    Founded 2015
    Total Funding $109.1 mn (2021)
    Valuation $330 mn (2019)
    Parent Organisation NestAway Technologies Pvt. Ltd.

    NestAway – Latest News
    About NestAway and How it works
    NestAway – Founders and Team
    NestAway – Startup Story | How It Began
    NestAway – Mission and Vision
    NestAway – Name, Tagline and Logo
    NestAway – Services
    NestAway – Business Model
    NestAway – Revenue Model
    NestAway – Funding And Investors
    NestAway – Revenue/Annual Turnover
    NestAway – Growth / Valuation
    NestAway – Partners
    NestAway – Acquisitions And Mergers
    NestAway – Challenges
    NestAway – Competitors
    NestAway – Awards and Achievements
    NestAway – Future Plans
    NestAway – FAQs

    List of Top Rental Startups in India | Exhaustive Llist 2020
    Startups based on rental apps (for handheld devices and computers) provideservices to people for leasing cars, bikes, rooms, homes or heavy equipment.Rental startups are built to facilitate a way for people to experience something without the need of owning it. One can thus think of driving that…
    StartupTalkyVidhi Punamiya

    Nestaway – Latest News

    January 19, 2021 – NestAway sold off the society and apartment management platform, ApnaComplex to Anarock Group within a year of its acquisition.  

    About NestAway

    NestAway is a concept. It’s a solution. It’s fixing something that’s grossly wrong. Actually, it’s a concoction of the three. It is a new concept for homeowners, a solution for tenants, and it’s fixing the youth housing crisis in cities.

    Founded in 2015, NestAway Technologies Pvt. Ltd. is headquartered in Karnataka. It is an online aggregator of fully furnished and well-maintained rooms and flats for rent. NestAway homes are present across 16 cities in India, including Bangalore, Delhi, Faridabad, Ghaziabad, Noida, Greater Noida, Gurgaon, Hyderabad, Mumbai, Navi Mumbai, Pune, and Thane.

    The app helps the users find, book, and move into a rental home of their choice across various Indian cities. One can move in, ask for services from tap leakage to broken door locks, pay rent, and finally move out. The Nestaway app is available for Android and iOS.

    NestAway has also forayed into the co-living segment. In 2019, it officially announced the launch of its independent subsidiary, Hello World. Hello World, focuses on co-living and student housing and is present in 15 Indian cities. Hello World claims to have 10,000 beds and 90% occupancy rate. It will be led by NestAway co-founder Jitendra Jagadev.

    Coliving startups Bangalore Delhi and Mumbai
    Moving away from the hometowns to settle in big cities can be difficult. On topof that finding a good place to stay can be quite a daunting task. With limitedfacilities in college and university hostels, there is a need for budgetaccommodation within the vicinity. Also, the nightmare of dealing w…
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    NestAway – Founders and Team

    NestAway was co-founded by Amarendra Sahu, Smruti Parida, Deepak Dhar, and Jitendra Jagadev in 2015. It was an aggregator of shared and furnished apartments for bachelors in the beginning before adding full homes for families in its catalog.

    NestAway Founders 

    Amarendra Sahu

    Amarendra Sahu is the CEO of NestAway. He is a Computer Science engineer from NIT Surathkal and has an MBA from IIM-B. Amarendra has past experience of working at Alcatel-Lucent, Juniper Networks, and Cisco as a Software Engineer and Senior Software Engineer after which he co-founded BrizzTV Media Labs Pvt Ltd. Sahu is now a Co-founder of BrizzTV along with serving as a Co-founder and CEO of NestAway.

    Jitendra Jagadev

    Jitendra Jagadev is currently known as the Co-founder and Board Member of NestAway and has earlier served as the COO of the startup. He graduated from NIT Karnataka and has previously worked with companies like Philips, Cisco, and Ojas Venture Partners, before joining the founding team of NestAway. Jagadev is also the CEO of Helloworld Technologies India Pvt. Ltd.

    Smruti Parida

    Smruti Parida was the Co-founder of NestAway, and had also served as the CTO of the startup. Smruti is an IT graduate from NIT Karnataka. He was with Microsoft and United Online and worked as the Software Design Engineer and Program Manager 2 and Senior Software Engineer respectively before devoting himself to the company. Smruti quit NestAway on October 23, 2019. Smruti had also co-founded Zero Heights Technologies Pvt Ltd. previously and is currently working as a Founder at AutoSave.

    Deepak Dhar

    Deepak Dhar is an IT graduate from NIT Karnataka. Being a co-founder, Deepak was responsible for the product and user experience divisions at NestAway before leaving the startup in June 2019. Before joining NestAway, he worked with companies like Aceva Technologies, Fidelity Investments, and Royal Bank of Scotland. He also led Citruspay (acquired by PayU) as a Founding Member and Operations Head. Deepak Dhar quit Nestaway in June 2019 to startup a fintech venture but he will continue to be a director in the company. He co-founded Repute in October 2019.

    NestAway owners Amrendra, Smruti, Deepak, and Jitendra are all serial entrepreneurs. Amrendra and Jitendra co-founded Brizztv, Deepak was a part of the founding team of Citrus Payment Solutions, and Smruti founded ‘Sen6’—an art marketplace. NestAway has anywhere between 200-500 employees, according to the latest records.

    NoBroker Success Story – Business Model | Revenue | Founders | How it Works
    The content in this post has been approved by the organization it is based on. Anything that has to do with real estate, specifically as a purchaser, isconvoluted and often, annoying. The constant nagging by middlemen and sellers,lack of fluid communication, and running helter-skelter to get the …
    StartupTalkyChayanika Goswami

    NestAway – Startup Story | How It Began

    When Amarendra Sahu came to Bangalore in 2004, he had trouble finding a house to rent. Unmarried individuals are never the first choice of the house owners. Besides, renting in decent localities is not always reasonable.

    Amarendra wanted to solve this problem and went about setting up NestAway with the help of friends. In June 2014, his friend Jitendra Jagadev’s house in Whitefield became the site of an experiment.

    Amarendra recollects, “We took furnishing from Furlenco, took some pictures of the house, and posted it on Facebook. There were four beds in the 2 BHK – all sold in a day. Out of the seven girls who came to visit, six wanted it and four got it.”

    This was the story behind NestAway’s inception which has established itself in a surprisingly short amount of time.

    NestAway – Mission and Vision

    Nestaway’s core vision is “to provide young people value-for-money spaces with convenient solutions and amenities.” The steering vision was to make living easy and hassle-free.

    Nestaway is fueled with a mission to provide homes for everyone, without discrimination. The mission of the company was not just to find homes, but to help the youth set up in a new city without any hassles.

    With the onset of the new year 2022, NestAway has come up with a new tagline that goes “New Year, New Home.”

    NestAway new Logo
    NestAway new Logo

    SimplyGuest – Coliving, PGs and rented apartments in Bangalore
    Today, with everything available on the touch of our fingertips, finding a houseis yet a particularly difficult task. Subbu Athikunte, Ambareesha Athikunte,Mayank Pokharna thought of making it hassle-free and consistent experience. Soin 2015, they came up with their startup SimplyGuest to make b…
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    NestAway – Services

    NestAway is India’s fastest growing “Home Rental Network” which provides better rental solutions via design and technology. The units are ready-to-walk in homes and with different schemes based on the tenant’s requirement—a bed, a room, or a complete house. From 1 BHK flats to 8 BHK luxury villas with state-of-the-art facilities, the company caters to all kinds of customer needs. Homes come with cot, mattress, sofa, TV, fridge, washing machine, and a furnished kitchen. Besides, fully furnished apartments, semi-furnished and unfurnished apartments are also listed on NestAway.

    Some major USPs of NestAway are:

    • Guided house visits: Tenants are given a guided tour of the house they are interested in.
    • Rent on time: Ensures timely rent every month.
    • Zero paperwork: The company does all the paperwork such as agreement creation.
    • House safety: The company ensures that the house stays in good condition.
    • House maintenance: It provides on-demand and periodic house repairs. By subscribing to NestAway Assure, house owners can avail the facility of 100% free maintenance, cleaning, and repairing services.
    • Marketing and promotion: It promotes the properties registered with it through ads and other rental platforms.
    • Easy move-in and move-out policy: NestAway allows easy move-in and move-out facilities to tenants. Tenants can simply visit the website or use the app and schedule move-in or move-out dates according to their convenience. The move-out policy allows tenants to leave before the license end date. They can shift to the new house by notifying just two days before the planned move-in date.
    • Zero Deposit: NestAway has tied up with agencies to provide zero deposit offers, whereby tenants can move in by paying the booking amount without any advance deposit.
    • Pet-friendly: It allows animal lovers to find pet-friendly homes.
    • Open guest-hosting policy: It allows tenants to host guests responsibly without causing inconvenience to fellow tenants.

    The lock-in period is of 6 months. Unless mentioned otherwise in the agreement, the minimum stay is 6 months. However, this may vary in different cities. NestAway does not impose any move-out charges. However, if a person moves out before completion of the lock-in period, he has to pay one month’s rent as move-out charges.

    The rent is determined considering the given factors:

    • Area and location of the house.
    • Tenancy type, i.e whether a full house, a room, or a bed is taken for rent.
    • Condition of the house.
    • Size of the house.

    The best part for the homeowners is that the company ensures that the rent is paid before the 5th of every month.

    RentLite Success Story – Get Office Furniture on Rent
    The office ambiance and décor plays a very important role in the analysis anddefinition of the experience of employees and clients in the 21st century. As abusiness, the ability to display an edge and personality has become aprerequisite. To instill a communicative and collaborative aesthetic to …
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    NestAway – Business Model

    NestAway has a sound business model. It is a one-stop service provider for tenants and house owners where neither has to pay any brokerage fee.

    The company serves as a broker and property manager for homeowners by helping find tenants, collect rent, and manage the property over its lifetime in exchange for a percentage share of the rental stream.

    Amarendra explains the business model, “You can rent just a room, or the whole house. Our area manager will arrange the visit according to your preference. Once you are satisfied with the house, you can book it online. If you stay in the house for three days and don’t like it for any reason, we refund with full deposit. NestAway’s popularity grew mainly through word-of-mouth, with digital marketing spend in the early days being less than 10 percent of total expenses.”

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    The business of real estate is serious business and today, it is almost become agold mine. Truth be told, there are many entrepreneurs[https://startuptalky.com/tag/entrepreneurs/] who have tapped into it and aremaking millions. People are always on the lookout to buy houses and buildingsand are …
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    NestAway – Revenue Model

    NestAway runs on a very simple revenue model. It manages a homeowner’s rental property throughout the rental life cycle, from showing the house to a prospective tenant and closing the rental agreement, to collecting rent on the owner’s behalf and assisting the tenant and owner during move-out.

    For all these services, the company charges the owners a fixed percentage of 12.5% of the total rent generated from the home as its commission. NestAway does not charge any brokerage or charges from the tenants apart from rent

    PropStory – Data-Driven Platform for Real Estate Buyers & Investors
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    NestAway – Funding & Investors

    NestAway Technologies has raised over $109.1 Million in funding from 9 rounds of funding it saw to date. In the latest round, it raised a funding of $4.70 Million from Goldman Sachs on September 17, 2019.

    Date Stage Funding Amount Investors
    September 17, 2019 Series D $4.70 Million Goldman Sachs
    May 13, 2019 Series D $10 Million Tiger Global Management & Chiratae Ventures
    October 17, 2018 Venture Undisclosed InnoVen Capital
    August 7, 2018 Venture Undisclosed Epiq Capital
    March 1, 2018 Series D $51 Million Goldman Sachs
    April 15, 2016 Series C $30 Million Tiger Global Management
    February 28, 2016 Venture Undisclosed Ratan Tata
    July 21, 2015 Series B $12 Million Flipkart, Tiger Global Management
    March 16, 2015 Seed $1.2 Million Undisclosed

    Flipkart, Tiger Global Management, Ratan Tata, Goldman Sachs, InnoVen Capital, Epiq Capital, Chiratae Ventures are some of the Investors in NestAway. Also, NestAway is in talks with multiple investors including Fosun International and Shunwei capital for $100 Million that it might be seeing ahead.

    RentoMojo Company Profile – Business Model | Competitors | Funding | Founder
    Millennials today only believe in sharing rather than owning. Be it workspaces,cabs, or even furniture. As we move forward through the years, we see more andmore modernization of the things that were done quite traditionally by oldergenerations. To bring the air of contemporary change in the rent…
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    NestAway – Revenue/Annual Turnover

    According to Wikipedia, NestAway registered lower growth in revenue in 2017-2018 as compared to 2016-2017. Its revenue increased by 533% in 2016-2017 whereas, in 2017-2018, it increased by only 28.7%. As per ROC filing, its revenue from operation in FY 2018 is Rs 46.98 crores. Again, the losses increased from Rs 134.24 crore in 2016-2017 to Rs 203.79 crore in 2017-2018.

    The company claimed to earn $2 million worth of revenue each month, as of 2019’s reports.

    NestAway – Growth/Valuation

    NestAway is currently present in over 16 Indian major cities, as of September 2020. It is managing over 60,000 homes across the country. Over 10,600 house owners and 72,400 tenants are registered with it. About 40% of the new bookings now come from the family segment with the ratio being at 65:35 for shared versus family rental houses.

    In Bengaluru, where typically rental advances are of 10 months, the company offers homes on two-month deposits. The company claims to earn a monthly revenue of around $2 Million. NestAway gets a commission of 12.5% in each rental agreement.

    After a Series D funding of $51 million raised in March 2018, NestAway’s valuation was at about $200 million. It raised two more rounds of funding after that. However, the exact net worth or valuation has not been confirmed by the company.

    In 2019, NestAway ventured into the co-living and student housing segment by launching a new brand, ‘Hello World‘. ‘Hello World’ which began in May 2019, currently has a capacity of around 10,000 beds and is operational in 16 cities, including Bengaluru, Hyderabad, Delhi-NCR, Pune, Kota, and Dehradun. The startup boasts 90% occupancy rates. Hello World charges zero brokerage and one-month rent for a security deposit. NestAway has plans to introduce ‘Hello World’ in nine more cities, thus increasing the number of beds to over 50,000.

    In the wake of COVID-19, Bengaluru-based home rental startup NestAway has taken a host of measures to support its users and property owners. To start with, the company has reduced the onboarding charges by 50% for anyone who had planned to move into Nestaway’s properties before the lockdown was put in place.

    Also, Nestaway is allowing all the frontline workers to stay at its properties with 100% off on onboarding charges. For property-owners, which are tied-up for more than two years, the startup has set up an INR 50 Lakh fund to support them in these hard times.

    For migrants struck in Kota, Nestaway has provided free stay and food under the ‘Hello World’ initiative. More than 30 migrants and 30 healthcare staff have lived at Hello World’s properties since the COVID-19 outbreak. One building in Kota has been dedicated to healthcare staff with food and basic facilities. Furthermore, NestAway has also extended canteen services for doctors and guards and hostel managers.

    NestAway – Partners

    NestAway uses Localitics, a real estate statistical data science platform that not only predicts where rental demand is going to grow, but also where new houses are going to spring up. Today, Localitics is used for evaluating all the cities in India where the company is present and churns out data to help them target the next set of cities.

    Fabrento Success Story – Why Buy When You Can Rent Furniture!
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    NestAway – Acquisitions And Mergers

    NestAway has acquired 3 organizations. Their most recent acquisition was StayAbode on Mar 2, 2020. However, it has later sold ApnaComplex, which makes the proptech startup the owner of the 2 other companies, Zanify and StayAbode.  

    It acquired a smaller rival Zenify (City Synapse Information Pvt. Ltd) for an undisclosed amount in May 2017. This move will help them expand their offerings for families.

    In February 2020, the company acquired the apartment management platform ApnaComplex. ApnaComplex is a 10-year-old startup and the platform offers tools to manage various aspects of the residential complexes like organizing public events, raising complaints, society billing/accounting, and much more. The company will now provide home services like cleaning, painting, pest control services, etc. to the registered users of ApnaComplex. However, within a year of its acquisition, the proptech startup decided to let ApnaComplex be acquired by Anarock on January 19, 2021.

    Acquiree Name Acquired Date Price
    StayAbode March 2, 2020 –
    ApnaComplex February 13, 2020 –
    Zanify May 7, 2017 –

    NestAway – Challenges

    One of the major challenges for the company was finding the right investors because it was the first business in this arena and some skepticism. Now, it is one of the highest funded Indian startups.

    In the initial stage, earning the house owner’s trust and convincing them to register was difficult. To solve this issue, it started offering a ‘rental default guarantee’ that guaranteed NestAway paying the house owner rent in case the tenant did not pay on time.

    Some house owners don’t consent to give their house for rent with two months’ rent as deposit money and expect more. However, this scenario has been bettered with the arrival of NestAway where the users need to pay two months’ rent as the tenant and the company pays the difference.

    NestAway – Competitors

    There are many companies and websites like this that list properties for rent. The Major competitors of NestAway are:

    What sets NestAway apart from its rivals is that it provides end-to-end solutions to tenants and house owners by taking care of everything—creating the rent agreement, rent collection, house maintenance, etc. In short, it mediates throughout the rental life cycle.

    NestAway – Awards and Achievements

    NestAway has been conferred upon a list of awards and recognitions throughout the years. One of the proudest moments for NestAway was when the founders of the company achieved the Comeback Kid Award on August 18, 2017.

    NestAway – Future Plans

    NestAway is planning to introduce ‘Smart Homes’ by launching the Smart Lock service for all homes. Smart Lock is a safety locking system that ensures security for people staying in their homes, especially for women. This service will be available on their app for both Android and iOS devices. The company is planning to venture into the women’s housing and senior housing sector by 2020.

    Another area of focus for NestAway will be student housing. With 10.4 million migrant students and only 6.1 million beds as the current official supply, there is an increase in demand for student housing which continues to increase day by day. Cashing in on this opportunity, it is strongly focusing on student housing and aims to start operations in Kota (Rajasthan) followed by Delhi (North Campus), and Bangalore. NestAway is also looking to expand PAN India and conversations are going on with progressive builders for exclusive properties earmarked for students.

    The brand continues to concentrate on the concept of co-living, wherein it takes up the entire building including the shared facilities such as gym, libraries, common areas, game room, and others. Through this concept, NestAway Technologies is trying to create a community for members with common interests to engage in yoga/salsa classes, have talk sessions from seasoned entrepreneurs/sportspersons, entrepreneurial knowledge sharing meets, and collaborate on other exciting avenues.

    NestAway – FAQs

    Who are the Founders/Owner of NestAway?

    NestAway was co-founded by Amarendra Sahu, Smruti Parida, Deepak Dhar, and Jitendra Jagadev in 2015.

    What is NestAway?

    NestAway is an online aggregator of fully furnished and well-maintained rooms and flats for rent. NestAway homes are present across 16 cities in India, including Bangalore, Delhi, Faridabad, Ghaziabad, Noida, Greater Noida, Gurgaon, Hyderabad, Mumbai, Navi Mumbai, Pune, and Thane.

    Who is the CEO of NestAway?

    Nestaway CEO and Co-founder is Amarendra Sahu.

    Who are the Top Investors of NestAway?

    Flipkart, Tiger Global Management, Ratan Tata, Goldman Sachs, InnoVen Capital, Epiq Capital, Chiratae Ventures are the Investors in NestAway.

    How much Funding did NestAway raise till date?

    NestAway Technologies has raised over $109.1 Million in funding from 9 rounds. In the latest round, it raised funding of $4.7 Million from Goldman Sachs in September 2019.

  • Mumbai Based Startups | Entrepreneurs & Startups in Mumbai [Exhaustive List 2021]

    Mumbai is the financial hub of India and among the wealthiest city globally. Headquarters of most financial institutions like the Bombay Stock Exchange, RBI, National Stock Exchange, and the Mint are located in Mumbai. Even the HQs the giant business groups like Tata Group, Aditya Birla Group, Essel Group, and Reliance Industries are situated in this city. It has also become the startup hub of India and has given rise to numerous startups recently. Here we have listed down a few successful startups in Mumbai.

    Also, read – If you are looking for a list of startups in Mumbai here is our exhaustive list of all recently funded startups in Mumbai and other cities.

    We have also covered startups from Pune, Nagpur, and other major cities of India.

    List of Startups in Mumbai

    1. BOOKMYSHOW
    2. Ola
    3. Cleartrip
    4. Jio Saavn
    5. Chillr
    6. PepperFry
    7. Toppr
    8. Nykaa
    9. Faasos
    10. GrabHouse
    11. HOUSING
    12. Weddingz
    13. ImpactGuru
    14. Guiddoo
    15. BAJAAO
    16. Ithaka
    17. PaisaDukan
    18. Heckyl Technologies
    19. Fruzzante
    20. Tsara
    21. SpiceTree Design Agency
    22. TAC Security
    23. Monk Entertainment

    FAQs

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    Mumbai Based Startups

    List of Startups in Mumbai

    BOOKMYSHOW

    Founders: Ashish Hemrajani, Parikshit Dar & Rajesh Balpande
    Year Founded: 1999
    Industry: Ticket Booking
    Funding: $224.5 Million

    mumbai based startups
    Bookmyshow Logo | Startups in Mumbai

    BookMyShow is India’s largest online entertainment ticket booking brand. People can easily buy movie and shows’ tickets on their website. BookMyShow has also helped less popular theatres and their artists to gain an audience. The company provides ticket management software to cinemas. Along with that, the company promotes movies and shows on their website which generate good revenue for them.

    BookMyShow was founded by Ashish Hemrajani, Parikshit Dar, and Rajesh Balpande. In 1999, they began from a small room in Mumbai and now have spread themselves globally. BookMyShow acquired 7 startups including MastiTickets, Townscript, Burrp, and Nfusion.

    OLA

    Founders: Bhavish Agarwal & Ankit Bhatia
    Year Founded: 2010
    Industry: Taxi Aggregator
    Funding: $4.3 Billion

    mumbai based startups
    Ola Logo | Mumbai Startups

    Ola is a taxi aggregator and bridges the gap between cab owners and commuters. Ola doesn’t own any cars but partners with a number of taxi drivers and owners. The company also owns the food startup “Foodpanda”. Owned by ANI Technologies Pvt. Ltd, Ola was started in Mumbai, it is now headquartered in Bangalore. Ola has continuously been expanding its range of services. Ola has its own e-wallet called Olamoney which makes it convenient for riders to pay for the rides.

    The startup was founded by Bhavish Agarwal and Ankit Bhatia in 2010. You can read our Ola Startup Story to know more about the startup.

    Cleartrip

    Founders: Stuart Crighton, Hrush Bhatt & Matthew Spacie
    Year Founded: 2006
    Industry: Travel booking
    Funding: $56.4 Million

    mumbai startup companies
    Cleartrip logo | Startups in Mumbai

    Cleartrip is an online travel booking company. It lets travelers book anything from flights to hotels. The startup started in Mumbai but now has offices in Bangalore, Gurgaon, and Dubai too. Along with B2C services, Cleartrip provides B2B services like “Cleartrip for Business”. A corporate travel management tool. AgentBox is another B2B tool for travel agents.

    Cleartrip was founded by Stuart Crighton, Matthew Spacie, and Hrush Bhatt in 2006. It has raised a total of $56.4 million of funding from Concur Technologies Inc., DAG Ventures, and Gund Investment Corporation.

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    Jio Saavn

    Founders: Rishi Malhotra, Vinodh Bhat, & Paramdeep Singh
    Year Founded: 2007
    Industry: Music Streaming
    Funding: $131.6 Million

    Mumbai Startups
    JioSaavn logo | Mumbai Startups

    Saavn is a music streaming freemium service which offers songs in Hindi, English, and other regional languages. It works on the freemium model. With the free version, there are ads and some limitations whereas, in the paid version, there will be better streaming quality and many other features. The company has the rights to over 50 million songs. Later, saavn was acquired by Jio for more than $1 billion and it became JioSaavn.

    The startup was founded by Rishi Malhotra, Vinodh Bhat, and Paramdeep Singh in 2006 as “BODVOD Network”. Before it was acquired, Saavn had raised funding of a total of $110 million.

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    Chillr

    Founders: Mohamed Galib, Sony Joy, Lishoy Bhaskaran & Anoop Sankar
    Year Founded: 2013
    Industry: Fintech
    Funding: $7.5 million

    Mumbai Startups
    Chillr | Mumbai Startups

    Chillr allows instant money transactions directly through the individual’s bank account through the app itself. However, after the launch of the UPI system, Chillr is has nothing new to offer. But as Chillr was already running a kind of “UPI” system from 2013, they have a lot of Banks as their partners.

    Its a brand run and owned by Backwater Technologies Pvt Ltd. Mohamed Galib, Sony Joy, Lishoy Bhaskaran, and Anoop Sankar together started Chillr in 2014.

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    PepperFry

    Founders: Ashish Shah
    Year Founded: 2011
    Industry: Furniture
    Funding: $245.3 Million

    Pepperfry | Startups in Mumbai

    Pepperfry was founded with an idea to make furniture shopping online convenient for married couples who aim to start their life afresh with a new home. The company sells sells home décor and furniture. Launched in 2011, Pepperfry is facing tough competition from FabFurnish and Urbanladder.

    Ashish Shah, founder, and CEO of PepperFry is a graduate of Pune University. He later did a diploma course in Ghaziabad and has 15 years of work experience in the market.

    Toppr

    Founders: Hemanth Goteti and Zishaan Hayath
    Year Founded: 2013
    Industry: E-Learning
    Funding: $112.1 Million

    list of entrepreneurs in mumbai
    Topper logo | Mumbai Startups

    Toppr is an e-learning app trying to make studies fun with its interactive content. It provides study material to students from class 5th to 12th standard and also for students appearing for entrance examinations and scholarship exams.

    The ed-tech startup was founded by Hemanth Goteti and Zishaan Hayath, graduates from IIT Bombay. Toppr has raised a total of $65.1 million of funding mainly from Milestone Trustee Services and Alteria Capital.

    Nykaa

    Founder: Falguni Nayar
    Year Founded: 2012
    Industry: Beauty Products
    Funding: $341.9 Million

    list of entrepreneurs in mumbai
    Nykaa Logo | Mumbai Startups

    Nykaa is one of the top from the list of entrepreneurs in Mumbai. It is an e-commerce website that offers beauty and wellness products from all the leading brands such as Lakmé, Kaya Skin Clinic, L’Oréal Paris, M.A.C, Bobbi Brown, Clinique, Estee Lauder, and many more. Nykaa follows inventory–led model. It has inventory spaces in Delhi, Mumbai, and Bengaluru.

    Falguni Nayar who founded Nykaa in 2012, is a former managing director of Kotak Mahindra Capital Company. Nykaa has 35 stores. Nykaa launched its collection of in-house beauty products in 2017.

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    Faasos

    Founders: Jaydeep Barman and Kallol Banerjee
    Year Founded: 2011
    Industry: Food Delivery

    Faasos | Startups in Mumbai
    Faasos | Startups in Mumbai

    Faasos is a “food on demand” service. You can order the delicacies of your choice through its app or website. Faasos operates in more than 15 cities of India and 200+ locations. The company promises to provide a refund of up to INR 200 in case of late delivery. It shows how committed Faasos is towards giving customers the best service.

    Faasos was founded by Jaydeep Barman and Kallol Banerjee in 2011. This Mumbai-based startup has raised $60 million in funding. Faasos is rapidly growing in India with the help of social media influencers.

    GrabHouse

    Founders: Prateek Shukla & Pankhuri Shrivastava
    Year Founded: 2013
    Industry: Real Estate
    Funding: $13 Million

    Mumbai Startup
    GrabHouse Logo | Mumbai Startups

    With growing economic opportunities, people are moving from small towns and districts to big cities. For this, people require accommodation. GrabHouse helps people rent an apartment, find a PG, and a house where they can stay while working or studying in the city. What was unique in GrabHouse was that they provided fully furnished sharing or private homes with only 2 months security deposit. This is what attracted everyone towards the company.

    The startup was founded by Prateek Shukla and Pankhuri Shrivastava in 2013. In 2016, Quikr acquired GrabHouse for $10 million and rebranded it as QuikrHome. Now, the website of GrabHouse redirects users to Quikr’s website.

    HOUSING

    Founders: Rahul Yadav + 11
    Year Founded: 2012
    Industry: Real Estate
    Funding: $147.8 Million

    Mumbai Startup
    Housing.com Logo | Startups in Mumbai

    Housing is a marketplace platform that has interactive maps allowing the visitor to look deep into the real estate market. People get a huge option of property on the website and can contact the owner to make the deal. Launched in 2012, the company claims to have more than 6,000 brokers with 1500 employees across 45 cities.

    Housing.com is the mind-work of Rahul Yadav along with his team of 11 Co-founders. The startup acquired Indian Real Estate Forum in 2015 for $1.2 million. They also acquired HomeBuy360 in the same year for $2 million. Later, housing merged with PropTiger.

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    Weddingz

    Founders: Sandeep Lodha
    Year Founded: 2015
    Industry: Wedding
    Funding: Acquired

    Mumbai Startup
    Weddingz Logo | Mumbai Startups

    India is the world’s largest destination for wedding marketing. Keeping this fact in mind, Weddingz was founded to make it easier to choose the wedding venue online. The soon-to-be-married couples can book a venue, rooms, and other wedding related items online quickly and fast.

    Weddingz.in was founded by Sandeep Lodha. Sandeep is a graduate of Wharton Business School and IIT-Delhi. The startup was acquired by OYO in 2018. OYO bought 100% stakes of Weddingz in a cash-and-stock deal.

    ImpactGuru

    Founders: Piyush Jain & Khushboo Jain
    Year Founded: 2014
    Industry: Crowdfunding
    Funding: $4.5 million

    Mumbai Startup
    ImpactGuru | Mumbai based Startups

    ImpactGuru provides complete crowdfunding solutions to empower individuals, NGOs, and social enterprises to raise funds for medical emergencies, personal needs, creative projects, or any social cause. It is also the first crowdfunding platform in India to launch a smartphone app for customers with an AI-supported story builder. Over 20,000 patients have benefited from 2 lac donors with ImpactGuru. Also, over Rs, 150 crores / $20 million has been mobilized across 15 countries on this online platform.

    The startup was founded by Piyush Jain and Khushboo Jain. ImpactGuru has raised a total of $2.5 million from various investors.

    Guiddoo

    Founders: Vineet Budki, Nidhi Varma, Prashant Choudharya & Biswajeet Karmakar
    Year Founded: 2014
    Industry: Travel guide
    Funding: $1.1 million

    startup mumbai
    Guiddoo | Startups in Mumbai

    Guiddoo is a platform to discover and book in-destination experiences. It was initially started as an audio guide. Later, it turned into an app pivoted to tours and activities booking. The app helps travelers to discover and book in-destination activities across 15 countries.

    This Mumbai based startup was founded by Vineet Budki, Nidhi Varma, Prashant Choudharya, and Biswajeet Karmakar. They have raised a funding of $1.1 million to expand their services in other countries.

    BAJAAO

    Founders: Ashutosh Pandey
    Year Founded: 2005
    Industry: ECommerce
    Funding: Bootstrapped

    Bajaao Logo | Startups in Mumbai

    Bajaao, a Mumbai-based e-commerce startup that sells musical instruments and other equipment online. The company also provides the servicing of musical instruments.

    The startup was founded by Ashutosh Pandey in 2005. Aashutosh is himself a music lover and wishes to spread his love for music. So, he started his own commercial venture by selling instruments to young musicians and people who wish to take it up as a hobby.

    Ithaka

    Founders: Rahul Singh & Mithilesh Said
    Year Founded: 2015
    Industry: Travel
    Funding: $325k

    startup mumbai
    Ithaka Logo | Mumbai Startups

    Ithaka is a chat-based travel planning app, that covers destinations from Thailand, Bali, Europe, UAE, Singapore, Malaysia, and Turkey. The startup was launched as an in-destination experience booking website but later pivoted to travel planning. This free platform is for the people who want to plan and execute their own trips and not to book a pre-made package.

    Ithaka was founded by Rahul Singh & Mithilesh Said. Both the founders love to travel and found inspiration for their startup while traveling. Rahul is the CEO of the company while Mithilesh is the CTO.

    PaisaDukan

    Founders: Rajiv M Ranjan & Neeta Ranjan
    Year Founded: 2018
    Industry: Peer to Peer Platform for Lending
    Funding: $1.1 million

    startup mumbai
    PaisaDukan Logo | Mumbai Startups

    PaisaDukan is a Peer-to-Peer (P2P) lending platform. PaisaDukan acts as a mediator between borrowers and investors. The company serves as a digital marketplace to enable borrowers to meet their financial needs, provide investors a safer and smarter investment option, and aid financial inclusion.

    A creditworthy individual can borrow money for a variety of purposes like education, health care, marriage, small business, etc at a rate of interest as low as 12% p.a. And an investor (online money lender) can lend to borrowers at an interest rate which can be as high as 24% p.a. through an alternative financial channel. Investors can choose and fund borrowers based on their risk appetite.

    Heckyl Technologies

    Founders: Mukesh Madras
    Year Founded: 2010
    Industry: Tech
    Funding: $7.5 Million

    startup mumbai
    Heckyl Technologies Logo | Mumbai Startups

    Heckyl Technologies is trying to get structured as well as unstructured data in real-time analytical products to financial institutions and corporates. Heckyl provides a Risk Early Warning System (EWS) Software Platform for managing credit risk. It gets millions of data as input for businesses from which it creates output to help the credit risk team to identify potential defaulters.

    Heckyl Technologies was founded by Mukesh Madras in 2010. The startup has received a total of $7.5 million in funding.

    Fruzzante`

    Founders: Priyanka Save & Nagesh Pai
    Year Founded: 2010
    Industry: Wine
    Funding: Bootstrapped

    list of startup companies in mumbai
    Fruzzante` | Mumbai Startups

    Fruzzante` is the world’s first and only producer of a cider-style alco beverage made from Sapodilla (chikoo) extracts. Fruzzante` is also the only company producing fruit-based (non-grape) bottled products in the wine category that is commercially available. It is both vegan and gluten-free which makes it a healthy choice. The company also makes wines in other flavours like mango, pineapple, and spice garden.

    The startup was founded by Priyanka Save & Nagesh Pai in 2010.

    Tsara

    Founders: Tarun Jagwani and Natasha Jagwani
    Year Founded: 2012
    Industry: Jewellery
    Funding: Bootstrapped

    Tsara is a jewellery designing and manufacturing company. The main focus of Tsara is destination jewellery. The company has four lines of jewellery to complement various occasions and events and launches a new collection every few months.

    The startup was founded by the couple, Tarun Jagwani, and Natasha Jagwani. The story behind this idea is that Natasha once lost her precious jewellery. So, the couple realised how important destination jewelries are. You can read the Tsara’s Startup Story to know more about them.

    SpiceTree Design Agency

    Founders: Shiraz Khan
    Year Founded: 2004
    Industry: Digital Marketing
    Funding: Bootstrapped

    SpiceTree Design Agency is a digital marketing firm that provides services in all the areas of digital marketing. Some of its services are web designing, print, social media design, SEO, SMO, re-targeting, etc.

    SpiceTree Design Agency was founded by Shiraz Khan in 2004. The company was started with Shiraz’s saving of Rs. 1,00,000. You can read the Startup Story of SpiceTree Design Agency to know more about it.

    TAC Security

    Founders: Trishneet Arora
    Year Founded: 2013
    Industry: Cyber Security
    Funding: $1.5 Million

    TAC Security is a cyber-security solutions provider with a mission to anticipate, resolve, and mitigate cybersecurity risks and challenges. This Mumbai-based startup provides network, application, and web security solutions to corporates, banks, startups, governments, and law enforcement agencies.

    Trishneet Arora founded TAC Security Solutions in 2013 at the age of 19. Trishneet has a strong inclination towards technology, gaming, and computers since he was a child. He is one of the youngest ethical cyber security experts in India. Its current client portfolio includes names such as Reliance Industries Limited, Gujarat Police, Punjab Police, AMUL, Avon Cycles, RALSON, and Central Bureau of Investigation (CBI), among others. TAC Security raised a funding of $500k from Vijat Kedia, MD, of Kedia Securities.

    Monk Entertainment

    Founders: Ranveer Allahbadia & Viraj Seth
    Year Founded: 2017
    Industry: Digital Marketing
    Funding: Bootstrapped

    list of startup companies in mumbai
    Monk Entertainment | Startups in Mumbai

    Monk Entertainment or Monk-E is a digital marketing startup that works with influencers and manages their marketing. Brands also connect with them and the company finds the most suitable influencers for them. Along with that, they provide video production to influencers and brands.

    The startup was co-founded by a popular YouTuber, Ranveer Allahbadia. He has a YouTube channel called “Beerbiceps” and his friends help him with managing it. So, he and his co-founder, Viraj Seth came up with the idea to help other fellow influencers. The startup is bootstrapped and was founded in 2017.

    LabelBlind

    Founders: Rashida Vapiwala
    Year Founded: 2018
    Industry: Health Tech
    Funding: Bootstrapped

    LabelBlind is a digital platform that gives out information about the nutritional value of food products. The main purpose of the platform is to provide nutrition literacy to the people. The platform reviews and rates food items so that customers can choose healthier food options for themselves after examining the value of different food products.

    The company was founded by Rashida Vapiwala, an expert nutritionist in the year 2018. This startup is bootstrapped and has been one since its formation. Over 8000 packaged food labels reviews and ratings can be found here for the consumers to decide and choose from.

    CoinDCX

    Founders: Neeraj Khandelwal and Sumit Gupta
    Year Founded: 2018
    Industry: Cryptocurrency
    Funding: $109 Million

    CoinDCX is a company that gives Cryptocurrency related financial services. It is a cryptocurrency trading network that ensures its customers a quick, risk-free, and effortless trading experience. It is said to be the largest and safest cryptocurrency legal exchange platform, where buying and selling of various types of cryptocurrency are possible.

    Neeraj Khandelwal and Sumit Gupta, two graduates from IIT Bombay decided to try their hand in the cryptocurrency industry when they realized that Bitcoin has gained quite a momentum in the world. Both of them decided to use Blockchain technology to deal with financial inclusions and now it has received$109 Million of funding.

    MailIt

    Founders: Mahesh Shirodkar
    Year Founded: 1987
    Industry: Mailroom Management
    Funding: Bootstrapped

    MailIt is a company that deals with dispatch aggregating and work on dispatching various types of packages and all types of mailroom management service. Apart from that, they also provides services involving dispatch of bulky documents and parcels nationally and internationally as well.

    It was founded in the year 1987 by Mahesh Shirodkar. The company recently got funded by Ratan Tata in the year 2021, although the amount was not disclosed. The headquarters is situated in Mumbai, India. Many leading corporations are relying on the services of MailIt.

    Cube Wealth

    Founders: Satyen Kothari
    Year Founded: 2016
    Industry: Fintech
    Funding: $500000

    Cube Wealth is a automated wealth technology application that helps people investing in a simple manner. All these are done under the guidance of well known Investment manager. All the investment of the user are managed in this app and one can do that without facing any problem.

    Cube Wealth was founded in the year 2016 by one of the most successful  person from the fintech industry in India that is Satyen Kothari, the person who founded Citrus pay. He is also the current CEO of Cube Wealth.

    ePayLater

    Founders: Akshat Saxena, Aurko Bhattacharya and Uday Somayajula
    Year Founded: 2015
    Industry: Fintech
    Funding: $180 Million

    ePayLater provides people an option to buy now and pay later like a credit card card from online portals. Basically it is a platform that provides an instant credit limit where one can buy whatever they want quickly with just a single click and pay for that item later.

    ePay Later was formed in the year 2015 and is now on the path to simply the customer experience with their innovations. Recently the company has raise $2.5 Million by Pravega Ventures in the February of 2021.

    Dream11

    Founders: Harsh Jain and Bhavit Sheth
    Year Founded: 2008
    Industry: Fantasy Gaming
    Funding: $1.62 Billion

    This is an application that allows its users to creat imaginary team and play matches with them, through which they can also win money if the players performs well in the actual matches. The games that can be played here are Cricket, Football, Kabaddi and Basketball.

    It is India’s biggest sports gaming platform and have over 140 million users. Both of the founders Harsh Jain and Bhavit Seth are an ardent sports lover and they founded the sports gaming platform in 2008. Recently the company has collabed with popular TiktOk star Khaby Lame in their new campaign #Dream11PeDimaagLagaNa.

    Acko

    Founders: Varun Dua and Ruchi Deepak
    Year Founded: 2016
    Industry: Insurance
    Funding: $458 Million

    This is a private insurance company in India and offers its customers insurance facilities, products and commissions. It is a digital platform and everything that is done here is online. It has become the first digital service provider in the country, India.

    It was founded in the year 2016 by Varun Dua and Ruchi Deepak, the company has received fundings from Catamaran Ventures, Accel Partners, SAIF Partners. The current CEO is Varun Dua and the headquarters of the insurance company  is located in Mumbai, India.

    Apna

    Founders: Nirmit Parikh
    Year Founded: 2019
    Industry: Employment
    Funding: $193.5 Million

    Apna Jobs is all about providing job opportunities to the people of India. Unemployment is a big concern in this huge country so digital recruitment can help in solving that, that is what the motive is. It is a job platform where one can find jobs and mingle with the community.

    Through this app one can find job as per their skills. It was founded in the year 2019 by former Apple executive, Nirmit Parikh and with its work it was able to become the fastest Unicorn in the country.

    This is the list of startup companies in Mumbai. Hope you liked it.

    If you know any other Mumbai-based startups, please contact us. We will connect with them to feature in the list of startups in Mumbai.

    FAQs

    How many startup companies are there in India?

    India has about 50,000 startups India in 2018; around 8,900 – 9,300 of these are technology-led startups 1300 new tech startups were born in 2019 alone implying there are 2-3 tech startups born every day.

    How can I get startup benefits in India?

    Benefits of Startup India Scheme:

    • Self Certification under Labor and Environmental Laws.
    • Tax Exemption for Three Years.
    • Tax Exemption on Investment Above Fair Market Value.
    • Easy Winding Up of Company.
    • Startup Patent Application and IPR Protection.
    • Relaxation in Public Procurement Norms.
    • SIDBI Fund of Funds.

    Is Oyo a startup?

    Oyo Hotels and Homes are raising $1.5 billion from founder Ritesh Agarwal, SoftBank Group Corp. Agarwal, who founded Oyo in 2013, has built it into India’s second-most valuable startup with a valuation of about $10 billion. Its service covers 1.2 million rooms in over 80 countries, including 590,000 rooms in China.

    What are the top Mumbai based startups in India?

    Some of the top mumbai based startups are:

    • BookMyShow
    • Ola
    • Chillr
    • Grabhouse
    • Pepperfry
    • Housing
    • Ola Cab
    • Toppr
    • Nykaa
    • Impactguru

    Is Mumbai good for startups?

    Mumbai is an attractive startup hub which is contributing highly in Indian startup eco-system. It has great connectivity with other countries and a growing number of co-working spaces. The presence of prominent venture capital firms in Mumbai makes it best for startups.

  • Startups Funded by Omidyar Network India

    Usually investment firms only fund a startup when they see potential to grow their money. However philanthropic investment firms fund in startups that help achieve their philanthropic endeavors like solving a country’s problems or empowering the civil society.

    One such philanthropic investment firm and a non-profit organization is Omidyar Network India, which was established in 2004 by the eBay founder Pierre Omidyar and his wife Pamela Kerr. Omidyar Network India is part of the US based Omidyar Group which is a diverse collection of companies, organizations and initiatives that are dedicated in creating opportunity for people to improve their lives.

    Omidyar Network India has its headquarters in Mumbai, Maharashtra with over a 50 employees in the country. Omidyar Network invests in innovative organization and bold entrepreneurs that will eventually catalyze economic, social or political change. As of 2017, the firm had invested in more than 60 companies within a decade, and raised more $350 million by 2020.

    So far the organization has committed over $992 million to profit, nonprofit and public companies that aim in fostering economic advancement and that are trying to solve the problems of India’s hardest and most difficult problems and challenges.

    Omidyar Network India makes equity investments upcoming companies and provide grants to non-profit organizations in the areas of Digital Identity, Education, Emerging Tech, Financial Inclusion, Governance and Citizen Engagement, and Property Rights. The organization invests in 3 levels which are :

    • Supporting new and upcoming market innovators,
    • Help in building institutional & market infrastructure and
    • Working with the Indian Government to promote inclusion, entrepreneurship, competition, and ensure necessary safeguards and protections.

    Quikr
    HealthKart
    Dailyhunt
    1mg
    Scripbox
    Transerve
    Vedantu
    ZestMoney
    Credflow
    WhiteHat Jr
    Newslaundry
    Frequently Asked Questions

    Pierre Omidyar – Net worth, Business idea, Education and more
    Pierre Omidyar is an American Entrepreneur and a software engineer who foundedthe successful online auction platform, eBay in 1995. He was the Chairman of thecompany from 1998 to 2015. He soon became a billionaire as soon as eBay issuedan Initial Public Offering (IPO) in 1998. As of 2021, he has …
    StartupTalkyMegha Rani

    Here are some of the startups funded by Omidyar Network India

    Quikr

    Quikr is the India’s top online classifies platform that helps people of a particular city meet, trade, buy and sell household goods, cars, bikes, local services and even find jobs, among other services. Quikr was founded in 2008 by Pranay Chulet and has its headquarters based in Bengaluru, Karnataka.

    The company is currently has its footprint in 1000 different cities around the world. Quikr aims on empowering people to independently connect with different buyers and sellers. The company has so far raised over $350 million in 7 rounds in order to fulfill its dream of disrupting the ecommerce market in country and empower people.

    In 2009, the company raised over Rs 200 million in their second round of funding which was led by Omidyar Network and Matrix Partners India. Quikr has a long list of investors like Tiger global, Kinnevik, Matrix Partners, Omidyar Network, Norwest Venture, Nokia growth Partners, Warburg Pincus and eBay, etc.

    HealthKart

    HealthKart is known to be India’s largest online nutrition and fitness platform that offers products, services and even expert advice or assistance to fitness enthusiasts. The company also has leading subsidiaries like MuscleBlaze for (sports and fitness) and Healthkart for (health).

    HealthKart sells everything from protein supplements to vitamin smoothies at affordable prices. The company has it’s headquarters in Gurgaon and sells more than 200 brand products and authorized vendors that is listed on their website. It is known for nutrition products that are sold especially to elderly people, personal care, chronic care, eye and skin care.

    The startup raised over Rs 27 crore in their second round of funding from their existing investor Sequoia Capital and Omidyar Network India. With this the company expanded its product portfolio and is also developing an online magazine about health and fitness.

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    Dailyhunt

    Dailyhunt is one of the top news and local language content app in India. Currently, the company has over 150 plus million app installations with more than 100,000 news articles that are available in 14 different languages.

    The company was founded in 2007 by Virendra Gupta and its parent company is Verse Innovation. Dailyhunt claims to have 150 million monthly users and 27 million daily users. It also has 650 publication partners, while their content is created by machine learning algorithm that delivers real time personalized content.

    The company raised over Rs 24.61 crore in series E2 funding from Omidyar Network India, Sequoia Capital and the Renu Sehgal Trust. Omidyar also funds other news aggregators like Pratilipi and Helofy. The competitors of Dailyhunt are NewsDog which is backed by Tencent and Helo backed by Toutiao.

    1mg

    1mg website
    1mg Website

    1mg is one of the top online pharmacy and integrated health application in India and is known for its wide range of medicines, health products, online consultation, booking lab tests and providing information on doctors, clinics, diagnostic centres, pharmacies, etc.

    The company promotes transparency around medicine information and is the one stop shop for medical search and transaction experience. During the pandemic, the platform has become popular as it delivers medicines and health products at the safety of the homes in more than 1000 cities across India from Licensed pharmacies.

    In 2016, 1mg raised over $15 million in their series B funding round from Maverick Capital Ventures, Sequoia Capital and Omidyar Network India. The company at that time said that it was going to use the funds to expand their online pharmacy and diagnostics and also launch personalized health feeds for their consumers.

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    Scripbox

    Scripbox is an online mutual funds platform, which was founded by Sanjiv Singhal in 2012. The company has its headquarters in Bengaluru, Karnataka and uses proprietary algorithms to curate a portfolio out of 8000 other mutual funds in country, they are then divided into equity, debt and tax savings.

    The company aims to educate young working professionals to save and grow their wealth and also encouraging people to explore inflation beating instruments rather than the usual inflation par instruments like fixed deposits and gold. As according to E R Ashok Kumar, the CEO of Scripbox, equities will give people over 15% returns than compared to the traditional forms of investing.

    The company raised an undisclosed amount in their series B round investment from Omidyar Network India and Accel partners. The company joins Omidyars’s other investment made in the sector of personal savings such as Juntos from US and Tandem from UK. Scripbox was planning to expand to 1000 cities by 2020 with its funds.

    Transerve

    Transerve is a platform that offers geospatial tech based SAAS solutions. The platform allows solutions for sustainable growth and urban planning. Transerve is used by both individuals and companies for visualizing and sharing spatial data and map visualization through Map APIs.

    The platform is a data collector, has location intelligence and helps in mapping precisely so the companies can geo locate data and then make smart and accurate decisions. The company also built many apps and platforms like CityOS in order to solve problems which are related to urban setup, Watsan for waters supply and sanitation solutions and deploys Lidar for heritage restoration and highway engineering.

    The company aims in providing solutions to modernize a city’s municipal information system, which is why it went on to raise $1.6 million in Series A funding from IL and FS Investment Managers and Omidyar Network.

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    Vedantu

    Vedantu Website
    Vedantu Website

    Vedantu is a well-known Ed tech company that allows teachers to provide Live tuitions to students online. The online tutoring platform has more than 500 of India’s best curated teachers and over 1 million hours to over 40,000 students across 1000 plus cities from 30 countries.

    Vedantu uses a built in technology known as WAVE to create a marketplace model for teachers, where students can browse, discover and choose to learn from a particular teacher. So far the app offers teaching classes for 6th to 12th grades and also for co-curricular and competitive examinations.

    Vedantu raised $11 million in Series B funding round from Omidyar Network in 2018. It also went on to raise $12.5 million in Series C-1 round of funding from Legend Capital and Omidyar’s Ohana Holding in 2020.

    ZestMoney

    ZestMoney is India’s fastest growing Fintech startup that was founded in 2015 by Lizzie Chapman, Priya Sharma and Ashish Anantharaman. ZestMoney uses mobile technology, AI and digital banking facilities to make life more affordable to millions of Indians by managing their credit for them and helping them pay in affordable EMIs.

    The platform was made with the aim of improving lives of the people who don’t have an access to credit card or other financial option due to insufficient credit history.

    The Bengaluru based digital lending startup raised over $20 million funding in Series B round from Quona Capital, Reinventure, Omidyar Network, Ribbit Capital and PayU. The company is said to use these funds for expanding their platform with EMI-based financing for e-commerce and for other online purchases.

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    Credflow

    Credflow is a New Delhi based Fintech startup, that offers small and medium enterprises (SMEs) solutions for cash flow management. With the help of the platform SMEs can manage their finances better with timely insights of pending amounts by customers, sending regular payment reminders, validating invoices and negotiating discounts for early payment, among others.  

    So far over 5000 SMEs are said to have used Credflow to process invoices that are worth over Rs 70,000 crore. The main aim of Credflow is to help small businesses grow exponentially by managing their banking, payments, and treasury.

    Credflow raised $2.1 million in their seed round of funding from Stellaris Venture, Omidyar Network and Flourish Ventures. The company said that they would use the funds to develop its platform, strengthen its technology and come up with new products in order to expand their customer base.

    WhiteHat Jr

    WhiteHat Jr Website
    WhiteHat Jr Website

    WhiteHat Jr is a Mumbai based Edtech startup that offers live online 1:1 classes on coding and math. The platform is also built on the foundational skills like literacy and numeracy from an early stage.

    WhiteHat Jr helps in connecting top certified teachers that can teach children topics such as e-learning, coding, early childhood education, computational thinking, logic, algorithmic thinking, etc. After learning the kids are encouraged to come up with creative outcome like animations and apps.

    The startup raised over $1.3 million in a seed funding round from Nexus Venture Partners and Omidyar’s Network India in 2018. It also raised $10 million in their Series A funding round by their existing investors Nexus Venture Partners and Omidyar’s Network India in 2019. The company said that they would use the funds to strengthen their platform and expand their curriculum and marketing to increase consumer awareness.

    Newslaundry

    Newlaundry is a well-known independent news media company that provides its readers with media critique, reportage, satirical commentary, podcasts, documentaries, comics and animation content. The media company was founded by former journalists Abhinandan Sekhri, Madhu Trehan and Prashant Sareen in 2012.

    Newslaundry was also the first subscription based website in India, as unlike other news websites like The Wire, The Quint, Scroll, etc the company relies on public subscriptions for revenue instead of advertisements. In 2016, the media company raised Rs 3.1 crore from Omidyar Network, Omidyar now owns 18.4% stake in the company.

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    Conclusion

    Over the years Omidyar Network Indian helped in driving empowerment and social impact at a big scale, by investing in startups and entrepreneurs who aim in providing solutions to solve Indian chronic problems. Even during the Covid 19 pandemic, Omidyar Network funded over Rs. 10.75 crores to 67 projects out of 2000 under the Rapid response funding initiative in 2020. The investment firm will continue to help many upcoming startup grow and bolster a vibrant entrepreneurial ecosystem.

    Frequently Asked Questions

    What is Omidyar Network India?

    Omidyar Network India is part of the US based Omidyar Group which is a diverse collection of companies, organizations and initiatives that are dedicated creating opportunity for people to improve their lives.

    Who is the founder of Omidyar Network India?

    The philanthropic investment firm and a non-profit organization was founded by Pierre Omidyar (also the founder of eBay) and his wife Pamela Kerr.

    What are the areas that Omidyar Network India funds?

    The areas in which Omidyar Network India funds are Digital Identity, Education, Emerging Tech, Financial Inclusion, Governance and Citizen Engagement, and Property Rights.

    What are some of the Top startups funded by Omidyar Network India?

    The startups funded by Omidyar Network India are Newslaundry, WhiteHat Jr, Credflow, ZestMoney, Vedantu, Transerve, Scripbox, Dailyhunt, 1mg, HealthKart and Quikr.

  • Top 10 Real Estate Websites: Finding Home Is Easy

    According to a survey done by top 10 real estate websites in 2017, 51% of the total home buyers found their home on the internet. In fact, people do depend and trust on real estate websites to make a purchase. So, here are the top 10 real estate websites that you can refer to before buying a property.

    You can use these top 10 real estate websites if you are searching for a new real estate website provide. These sites will provide with resources to help potential buyers as well as sellers. Let’s get to know about these websites.

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    99Acres

    free property sites in india_startuptalky
    99Acres

    In India, 99Acres is one of the top real estate websites that provides for real estate agents, brokers and customers. It helps the user to find a property in more than 50 cities. With a user-friendly website and a mobile application, this website has won GSF Mobile Appies Award Winner 2015 under the real estate category. It also has become the 2nd largest property portal with an Alexa ranking of 140 in India.

    MagicBricks

    MagicBricks is not only one of the top 10 real estate websites but also deemed the most preferred property website in India. This has been reported by an independent survey. At present, this website has over 7000 properties for sale. A venture of Times Of India, this website is managed by Bennett, Coleman & Co. Ltd.

    top 10 real estate websites_startuptalky
    MagicBricks

    It also features a number of new projects according to the user’s choice. Not only that, but the user can also get information about home loans, legal, taxation, home insurance, and government policies related to private properties.

    Housing.com

    best property websites_startuptalky
    Housing.com

    One of the most verified property listing websites, it currently has over 1 lakh sellers on its website. Founded in 2012 and known to have a commanding presence in Mumbai, Maharashtra. As it supports both Android as well as iOS users, it is capable of catering a vast audience all over the country. It has presented over 40 cities in India with an Alexa ranking of 318.

    Sulekha Properties

    real estate india_startuptalky
    Sulekha Properties

    With an Alexa rank 99, Sulekha Properties comes under the top 10 real estate websites to refer. Its features include regularly upgrading of  their database. It also uses a few strategies to ensure smooth communication between brokers and home buyers. Learn about price trends as well as a few best investments projects in your chosen location.

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    NestAway

    real estate india_startuptalky
    NestAway

    NestAway claims themselves to be ‘India’s fastest-growing managed home network.’ It was founded in January 2015 by four Bengaluru based entrepreneurs Amarendra Sahu, Deepak Dhar, Jitendra Jagadev and Smruti Parida. They ensure the user a very easy and user-friendly way to find a living environment for everyone seeking for a house.

    Quikr Homes

    Best real estate websites_startuptalky
    Quikr Homes

    One of the top 10 real estate websites that have been a game-changer in the aspect of the realty business. The website offers its user to independently connect with buyers and sellers online. The versatile interface has made Quikr grow really fast. Besides real estate, Quikr also offers service in various other fields as well. An all-rounder, ready to serve with just a click.

    CommonFloor

    If you are looking to buy or rent a property in top tier cities, then CommonFloor is your option. It has a connection in cities like Bangalore, Mumbai, Pune and New Delhi.

    real estate india_startuptalky
    CommonFloor

    This one is relatively a new website founded by IITians it has an exclusive feature added. It allows the user to get an experience of the live visit to the properties. This feature is known as CommonFloor Retina, which is blended with a unique virtual reality technology. Selecting a property is much easier which makes it one of the top 10 real estate websites.

    IndiaProperty

    Another website in the list, IndiaProperty is also known for its unique way to serve the user. It ensures end to end assistance before buying the property. But this is not the end. They provide assistance even after you are done with your buying process.

    top 10 real estate websites in india 2020_startuptalky
    IndiaProperty

    IndiaProperty also enables its user to experience a built-in technology for 3D floor plans and virtual tours. These ensure that the buyers get a personalized feel while visiting their selected properties online.

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    OyoLife

    Started as hotel website, Oyo is really growing its branches and has added its name among the top 10 real estate websites very quickly. It has offered a much versatile service and has updated accommodation for the users.

    top 10 real estate websites in india 2020_startuptalky
    OyoLife

    Currently, OyoLife has a presence around 11 cities in India. It provides the buyers with basic amenities like housekeeping, internet, kitchen, etc that are available in every house they provide.

    PropTiger

    top 10 real estate websites in india_startuptalky
    PropTiger

    One of the best home buying websites that allow its user to have the best experience to its clients. It also helps in assisting them with matchless guidance throughout the journey. Their basic services include discovering, buying, renting, selling and financing a home. They operate throughout the country. Although people finding a resident in places like Mumbai, Bangalore or Pune will get a better experience.

    These top 10 real estate websites will help you reach up to the best and suitable property you are looking for. It is important to get acquainted with the features that are available in each site. Although all these websites are highly user-friendly, you will still get better options if you know how to browse into the corners to get the best results.