Introduction:
It has been a great loss for the big companies in business as the financial structure being affected due to the pandemic for the last three years. Most of entrepreneur’s businesses ideas have lost hope to explore in various platforms. As a result, the economic structure of India becomes down and at the same time, new investors lose their chances to increase their amount. When big investors fall and business ideas fall, the structure of finances stands up with the support of startup businesses. Today we will check out those startups that raises the fund even in the tough situation.
What are called startup?
Startups mean the combination of some new companies under unique business ideas that developed unique products, and services for the market. It thus, an irresistible and irreplaceable option for customers. In India, there are lots of startups available which are promisingly doing marketing and arising funds on a huge scale. Today we are here to present some of the startups.
Fincover :
Fincover is a fintech startup based in Chennai existing from 2020. It is a one-stop platform for all things to finance leveraging the power of technology. Their mission is to provide every customer with an affordable and seamless digital premium financing experience and ensure they become financially empowered. Fincover provides a platform that enables the user to search and locate the best financial products suited to their needs and wants. They have partnered with India’s leading insurers (23 insurance),50+ banks and NBFCs, and 35 + Mutual Fund companies to distribute their products.
Within a year from inception, they have disbursed more than Rs. 100 crore secured and unsecured loan amounts from various banks and NBFCs in the last financial year and over 10000+ Insurance policies. The company is targeting a 5X growth in the upcoming year and aims to cross Rs. 500 crores annualized disbursal run rate. Point of Salespersons (PoSP) can use their App or Web portal to assist customers in their financial
journey.
website: – https://www.fincover.com/
Cred:
CREAD is a Bangalore-based startup company that was founded in 2018. It is a digital platform that is eco-friendly to pay credit card bills. This is available as an application on the phone. This platform helps to pay credit bills at the same time we can get credit coins that are redeemed after buying products and things. According to a media report, CRED is the youngest startup which began with an endorsement of $ 2.2 million. Within 2 years it gained more than 6 million customers and 22% of cardholders. The CEO of the startup Mr. Kunal Shah is more influenced to grab more customers in the upcoming days.
website : https://cred.club/
PharmEasy:
In our day-to-day life medicine is an essential good that is all we need. At this point, the online pharmacy company PharmEasy opens a golden opportunity to get your medicine at your door. It provides OTC products, diagnostic tests, and medical instruments. It was founded in 2015 in Maharashtra and it has become the very essential startup company all over the country.
During the pandemic, it becomes more essential support for the country, and at the same time, earning helps to increase the company’s financial growth. There are more pharmacy startups available in the online market but PharmEasy has become the first Epharmacy that has raised a massive structure of $ 350 million. The founders of the company Dharmil Sheth and Dr. Dhaval Shah both started their startups to make more than 100000 pharmacies all over the country.
website : https://pharmeasy.in/
Digital Insurance:
The online insurance company Digital Insurance was founded in 2016 by Chairman Ramesh Goyal in Bangalore. The company aimed to change the view of people over insurance products. It provides illness insurance and other insurance for malaria, chikengunya, dengue, and others. This insurance company provides insurance at a low operating cost and it’s a well-structured business method. As per the report during covid-19, more than 20 Lacks Indians bought illness insurance from Digital Insurance. By the year 2020-21, the Digital Insurance Company has received many awards and expanded 30% of the business in comparison to other companies.
Website : https://www.godigit.com/
Meesho:
Another digital reseller Platform MEESHO is the best option for the new startup business. This startup company provides all kinds of homepreneurs products through various applications such as WhatsApp, Facebook, and Instagram. The company was founded in 2015 by a group of IT graduates. It is now becoming a big e-commerce distribution where people can buy anything essential products for their day-to-day life.
This platform brings an opportunity for those small businesses who want to expand their business all over the country. It provides facilities such as groceries, electronic gadgets, makeup equipment, cloth materials, kitchen essentials, and many more items under one platform. By the year it has gained more than $68 million all over the world.
website : commons.wikimedia.org
Groww:
The Groww is an investment platform that was founded in 2016 by some ex-employees who worked under another company. Their startup is based on investing in stocks, ETFs, Mutual Funds, IPOS, and many other investments. One of the founders Lalit Keshre shares how many challenges they have found while investing in India, so, they have decided to create an opportunity for other investors so that they can find investment easy as well as safe. The company has raised a fund of $83 million all over the country in 2021. They are also planning to re-invest their fund to find more new products, recruit new talent, and education platform in investing.
website : https://groww.in/
Nykaa:
The girls love to make themselves more pretty than they are. Nowadays it is very easy to get your favorite beauty products at your door and this is made easy by the fashion platform Nykaa. It was founded in 2012 by Falguni Nayar and a former investment banker. They have created this platform with thousands of product options. It is a retail product market and it provides more than 500 brands through its personal websites and small stores. As per the report, this fashion and beauty platform has gained $3.5 billion by the year 2022.
website : https://www.nykaa.com/
PhonePe:
The digital payment platform PhonePe has made transactions easy in our day-to-day life. It is of the leading payment app that made the payment option easy and safe. Using this payment app we can transfer, recharge our mobiles, can pay electricity bills also can make cashless transactions while purchasing, and many more important investments. It requires a UPI number to enable the transaction. It also provides cash-back offers and discounts on various purchases or payments. It is the safest way to utilize your money without any hazel. The application is available for both Android and iOS platforms.
website : https://www.phonepe.com/
Licious:
Nowadays, online meat and seafood sites have become the essential platform for those people who like to enjoy seafood and meat without visiting the fish or meat market. The Licious is one of the leading platforms that provide us with the best quality seafood and meat without visiting the market. They provide ready to cook fishes, seafood, meats, and other fish products with the help of technology in the major cities. For this digital fish market people who are far from their homes or miss their local fish items, they are now able to get all their things at their doors.
website : https://www.licious.in/
PolicyBazaar:
Another leading startup company is presenting an online insurance provider that made it easy to have insurance policies, health insurance, life insurance, car insurance, travel insurance, and more. The company PolicyBazaar was founded in 2008 and still provides the best offers on insurance across the country. It expended services that include loans and credit cards along with insurance.
website : https://www.policybazaar.com/
Conclusion:
That’s all about trending startup in our country India. As soon as new startup will arise we will get you all the information here.
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