Online skilled community LinkedIn on Wednesday launched an inventory of the highest 25 start-ups in India which have proven resilience in an unsure market atmosphere, and are persevering with to innovate in 2022.
Topping this yr’s checklist is unified funds interface CRED. Valued at USD 6.4 billion, this younger start-up maintained its podium place on the LinkedIn Top Startups checklist, shifting from the third spot in 2021 to primary in 2022.
“Besides gaining popularity for its quirky ads in the past two years, CRED is also setting new benchmarks for employee well-being by offering benefits such as ElderCare, egg freezing, and one-on-one support for mental wellness to its employees,” a LinkedIn assertion famous.
The second spot on the checklist is taken by upGrad, one among India’s largest on-line increased training corporations that curates huge upskilling alternatives for professionals and faculty college students, adopted by Groww in third place.
Groww is a web-based funding platform that gives an goal analysis of assorted funding alternatives by way of shares and mutual funds.
This yr’s checklist additionally options new entrants together with e-grocery firm Zepto (4th), full-stack automobile shopping for platform Spinny (seventh), and insurtech start-up Ditto Insurance (twelfth) – all of that are on-line platforms which can be making monetary, mobility, and necessities extra accessible for customers in India right now.
Fitness platform Ultrahuman (nineteenth) and natural meals market Living Food (twentieth) additionally debuted on this yr’s checklist.
With 13 of the highest 25 start-ups based mostly out of Bengaluru, town affirms its status because the ‘Silicon Valley of India’.
In reality, 58 per cent of all jobs posted by these start-ups on LinkedIn throughout the interval from August 1, 2021 to July 31, 2022 have been based mostly out of Bengaluru.
Managing Editor at LinkedIn News India, Nirajita Banerjee, stated the Indian start-up ecosystem shows nice resilience because the nation continues to see an increase of latest start-ups with 68 per cent of entrants on the checklist showing for the primary time.
These start-ups are navigating the unsure macro atmosphere by optimising their companies for sustainable development and taking a extra prudent method in direction of scaling their enterprise, she stated.
“It’s also great to see young professionals embrace India’s start-up ecosystem, with 56 per cent of all hires in the top 25 start-ups being aged below 30, and 17 per cent aged below 25, at the time of joining,” she added.
The 25 corporations that made it to the checklist, so as of rating are: CRED, upGrad, Groww, Zepto, Skyroot Aerospace, MBA Chai Wala, Spinny, The Good Glamm Group, GrowthSchool, BluSmart, ShareChat, Ditto Insurance, Simpl, Rapido, Classplus, Park+, BlissClub, DealShare, Ultrahuman, Living Food, FamPay, AgniKul Cosmos, Stanza Living, Pocket FM and Zypp Electric.
“To compile this year’s list, LinkedIn looked at platform data from July 2021 to June 2022 across four pillars: employee growth, job seeker interest, member engagement within the company and its employees, and how well these startups pulled talent from its flagship LinkedIn Top Companies list,” the assertion stated.
