Successful Indian Startups that Stemmed from Mumbai

The ‘Make in India’ campaign has given fresh energyto this culture of startups. Here are 15 enormously successful Indian startups that trace their origins back to Mumbai:

1. Purple Squirrel

Purple Squirrel is the brainchild of IIT, Mumbai, alumni Aditya Gandhi, along with financial analyst, Sahiba Dhandhania. The company’s goal has been to bridge the disconnect between India’s college campuses and actual trends and dynamics of various industries. The Mumbai-based startup now acts as a bridge, providing industry-driven education. It connects students with various sectors, through site visits, workshops and projects, in collaboration with industry experts and campuses. With an annual revenue of Rs. 3 crore, the company, which was founded just 3 years ago, already has a presence in 12 cities and works in collaboration with more than 350 businesses and 100 educational institutes.
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2. Chillr

Chillr was launched by Sony Joy in 2014 and is a multi-bank mobile banking app. Aimed at eliminating the need for cash, credit cards, and mobile wallets, Sony created Chillr as a peer-to-peer app for money transfer and recharges. Users can send funds to anyone on their phone’s contact list through the app, without the need for any of their bank account information. The app, which is linked to the user’s bank account, also allows users to pay utility bills, recharge their phones, and lots more. The startup has already managed to get banks like HDFC and Bank of Baroda on board. In just one round of funding in 2015, the company managed to raise USD 7 million in funding from investors.
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3. Grabhouse

Grabhouse was founded by Pankhuri Shrivastava and Prateek Shukla in 2013, soon after the two had moved to Mumbai. Their initial struggles with housing and rentals in the big city were the inspiration for Grabhouse. The startup is aimed at helping consumers find rental flats without having to deal with demanding brokers. Landlords and tenants can interact directly on their platform, which also gives house-hunters added convenience. The listings on their site are well-organized, with photographs, information on amenities and neighborhood, and preferences. The company is operational in 4 major cities and has already secured more than Rs. 65 crores in funding in the past year alone.
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4. Doormint

Doormint is a local consumer service provider that connects users with utility services on demand. The startup was launched in January 2015 by 3 IITians, Naman Lahoty (IITB), Abhinav Agarwal (IITB) and Piyush Ranjan (IITK). The startup now provides home-owners and business in Mumbai with a single platform where they can request the services of various specialists from electricians and plumbers, to carpenters and mechanics. The company also does thorough background checks and seeks police verification before taking any service provider on board. This adds to their appeal, as safety is a huge concern for consumers. The company has already received around Rs. 16 crores in funding, to finance its expansion plans to cities like Delhi, Gurgaon, and Bengaluru.
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5. Quikr

Quikr is one of the most successful startups to have emerged from Mumbai. The online classified advertising platform was established by Pranay Chulet in 2008, after he had worked in the United States and witnessed the dotcom boom. Inspired by the success of Craiglist there, he saw no reason why the idea should not work in India, but investors at the time were reluctant. Since then, the market has changed drastically and Quickr has grown exponentially, as one of pioneers in India’s startup economy. The company is now valued at USD 1 billion and last year attracted funding of USD 150 million from existing investors like Tiger Global Management and Steadview Capital Management.
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6. Pepperfry

Pepperfry is one of the biggest names in the ecommerce sector, but it was only launched in 2012. The startup was founded by Ambareesh Murty and Ashish Shah to offer consumers a variety of lifestyle products. It then evolved to sell furniture and home décor products, creating its own niche in the market. The company is now a household name in most of India’s big cities and its huge inventory includes more than 80,000 products in various furnishing and home décor products. All of these are sourced from merchant partners that include SMEs, artisans, and big brands. The company has a reputation for its customer service and for the craftsmanship of products marketed on the platform. Initially funded by the founders themselves, the company managed to raise USD 100 million in 2015.
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7. Housing is a leading search portal for real estate, catering to around 40 Indian cities, including the metros of Mumbai, Delhi, Bengaluru, Kolkata, and Chennai. The Mumbai-based startup was launched in 2012 by a group of 12 enterprising IITians, including co-founders Rahul Yadav, Advitiya Sharma, and Suvir Sajan. has enjoyed tremendous success because of its innovative approach to the online real estate sector, featuring interactive maps, photographs of every listed property, information on the rooms, restrictions, amenities, and lots more. Users can look for various properties listed by individuals, landlords, and brokers, and can use various search parameters and filters to get the best results. After starting out with initial funding of Rs. 1.5 crores the company now has a team of 1,500 people across 45 cities and is valued at over Rs. 1,500 crores.
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Author: Girraj

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