India's Startup
Companies, Decoded
Founders, funding, valuation and plain-language business breakdowns for the startups reshaping how India shops, pays, invests and moves.
Food Delivery & Quick Commerce
Zomato, Swiggy and Zepto — the apps that reshaped how India eats and shops.
Zomato
Food delivery to Blinkit quick commerce — how Zomato found its profitable path.
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Swiggy
Instamart, Snacc, and Swiggy's fight to catch Zomato after its IPO.
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Zepto
How two 19-year-olds built India's fastest-growing quick commerce startup.
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Apna Mart
Scaling quick commerce grocery in India with a fresh ₹120 crore Series C round.
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Plazza
Pharmacy-focused quick commerce backed simultaneously by Accel, Elevation Capital, and Nexus Venture Partners.
Read analysis →Fintech & Payments
Paytm, PhonePe, BharatPe and CRED — the companies that built India's digital payments and consumer credit rails.
Paytm
Post-RBI crackdown recovery, profitability path, and Vijay Shekhar Sharma's vision.
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PhonePe
Dominating UPI volumes, insurance, mutual funds, and the super-app ambition.
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BharatPe
Post-Ashneer Grover drama, new leadership, and BharatPe's recovery story.
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CRED
Credit card rewards to lending and payments — CRED's business model, funding history, and Meta's $900M Series H.
Read analysis →Wealthtech & Investing
Groww and Veriqus Group — from mutual-fund apps to AI-led wealth platforms for India's HNIs.
Groww
From mutual funds to stocks and F&O — Groww's business model, funding history, and ₹6,632 Cr IPO.
Read analysis →Veriqus Group
Built by ex-Julius Baer and HDFC AMC veterans — an AI-led wealth platform for HNIs and family offices.
Read analysis →Neo Group
Back-to-back ₹350 Cr (Peak XV) and ₹550 Cr (TVS Capital) rounds for India’s growing wealth management platform.
Read analysis →E-commerce & Retail
Flipkart, Lenskart and Meesho — online retail at national scale.
Flipkart
India's e-commerce battle with Amazon, Big Billion Day, and IPO plans.
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Lenskart
From online glasses to 2,000+ stores — Peyush Bansal's global expansion.
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Meesho
Zero-commission sellers and value pricing — how Meesho built India's social commerce marketplace, from seed to IPO.
Read analysis →Consumer & D2C Brands
Nykaa, MamaEarth, BoAt, Vaaree and BlissClub — digital-first brands that built household names.
Nykaa
Falguni Nayar's IPO journey, Nykaa Fashion, and premium beauty market growth.
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MamaEarth
D2C to offline expansion, IPO listing, and the natural beauty market in India.
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BoAt
How BoAt made Indian youth ditch Chinese headphones and built a homegrown brand.
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Vaaree
Bengaluru's fast-growing home décor marketplace, backed by Hero Enterprise and Cap Alpha Ventures.
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BlissClub
From Instagram-first activewear label to institutionally-backed D2C powerhouse.
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Promom
Wearable, hands-free breast pump startup from Lucknow, backed by Fireside Ventures, expanding into maternal and baby care.
Read analysis →Atomberg Technologies
BLDC fan pioneer converts to a public company ahead of a planned ₹1,500-2,000 Cr IPO.
Read analysis →Mobility & EV
OLA, River Mobility and Matel — India's EV vehicle makers and the component suppliers behind them.
OLA
Bhavish Aggarwal's pivot from cab aggregator to electric scooter manufacturer.
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River Mobility
One of India's largest EV scooter rounds in 2026, taking on Ather and Ola Electric.
Read analysis →Matel
Building the electric motors and drivetrain systems powering India's EV shift.
Read analysis →EdTech
Physics Wallah and Imarticus Learning — affordable K-12 prep and professional upskilling.
Logistics & Supply Chain
Shadowfax and LEAP India — last-mile delivery networks and the supply chain infrastructure behind them.
Shadowfax
What TPG's secondary share sale signals about India's established logistics unicorns.
Read analysis →LEAP India
Pallet and crate pooling for FMCG and retail, raising ₹371 Cr pre-IPO from GIC.
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Fixxly
Quick commerce for building materials — fast delivery of construction supplies, competing with IBO and Material Depot.
Read analysis →C2C Recommerce
HomeRun — a structured marketplace for India's growing secondhand goods economy.
Deeptech & Robotics
Adiabatic and Solinas Integrity — specialized hardware for robotics, drones and water infrastructure.
Adiabatic
Powering India's robotics, autonomous mobile robots, and drone industry with specialized batteries.
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Solinas Integrity
IIT Madras robotics startup fixing India's water pipes, already deployed in 35 cities.
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Dhruva Space
First-ever investment from India's ₹1,600 Cr sovereign spacetech fund — satellites, ground stations, and full-stack space infrastructure.
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Raghu Vamsi Aerospace
$40M Series B for India's aerospace and defence-tech ambitions, alongside players like Skyroot and Agnikul Cosmos.
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Yaanendriya
Indigenous navigation controllers and inertial sensors for robots, deployed across defence, surveillance, and agriculture.
Read analysis →Foodtech & Nutraceuticals
Amigo and Arboreal Bioinnovations — from Kolkata meal delivery to speciality food ingredients.
Amigo
A Kolkata foodtech startup taking on Zomato and Swiggy with AI-driven healthy meal delivery.
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Arboreal Bioinnovations
Lucknow's nutraceutical ingredients startup, co-led by EAAA (Edelweiss) and Omnivore.
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Anmasa
Made-to-order flour, oils, and spices delivered in 90 minutes via neighbourhood micro-factories — 23x growth in 12 months.
Read analysis →Enterprise AI & SaaS
Superleap — the AI-native CRM already handling millions of records for Razorpay and Aakash.
Superleap
An AI-native CRM built by ex-Unacademy operators, led by Peak XV's Surge programme.
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Reo.Dev
AI-native go-to-market platform for companies selling to engineers, backed by Elevation Capital.
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Vorflux
Rippling's former CTO Prasanna Sankar raises an unusually large $15M seed to automate the software development lifecycle.
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Emergent
India's sixth unicorn of 2026 — AI software startup crosses the $1 billion valuation threshold.
Read analysis →Climate Tech & Insurtech
Mitti Labs and InRisk Labs — satellites and AI for climate-smart farming and disaster risk.
Mitti Labs
Using satellites and AI to change how India grows rice, backed by Saudi Aramco's VC arm.
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InRisk Labs
Betting on climate disasters before they happen — risk analytics for insurers and enterprises.
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SolarSquare
MS Dhoni-backed rooftop solar installer raises $53M Series C led by B Capital.
Read analysis →B2B Commerce & Fintech
OfBusiness — India's B2B ecommerce unicorn, eyeing an $800 million IPO.
OfBusiness
Procurement marketplace plus embedded SME financing, targeting a DRHP filing by November 2026.
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Zetwerk
SEBI clears Zetwerk's path to a $450M listing after $793M+ raised — manufacturing unicorn's business model and IPO timeline.
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Naturis Cosmetics
Contract manufacturer behind Nykaa, Purplle, Colorbar and 50+ beauty brands — first institutional round led by Sharrp Ventures.
Read analysis →Proptech & Housing
House of Student — booking and managing student accommodation across global education destinations.
