Top 10 Startups In Karnataka In 2024
 

Karnataka's Booming Startup Scene
Karnataka has been a major centre for Indian startups, especially in Bangalore, the state capital. A vibrant ecosystem that has been nurtured in the area has given rise to many prosperous startups, some of which have expanded into billion-dollar businesses. Ten well-known Karnataka startups that perfectly capture this dynamic entrepreneurial culture are highlighted below.

1. Razorpay
Harshil Mathur and Shashank Kumar founded Razorpay, a well-known platform for processing payments, in 2014. It helps companies receive, process, and distribute payments. With substantial support from investors such as Tiger Global Management and Sequoia Capital India, Razorpay has secured $366.6 million in seven funding rounds and now employs 1,001 to 5,000 people.

2. BigBasket

The popular online grocery delivery service BigBasket was founded in 2011 by Abhinay Choudhari, Hari Menon, and other individuals. It provides a large selection of home and personal goods that are delivered right to clients' homes. With significant investors including Alibaba Group and Bessemer Venture Partners, the company has raised over $1.1 billion and employs over 5,000 people.

3. Unacademy
Founded in 2015, Unacademy is a well-known EdTech platform that offers online courses, video lectures, and tests. Founded by Gaurav Munjal, Hemesh Singh, Roman Saini, and Sachin Gupta, it employs 251–500 people and has raised $398.5 million in capital from investors including Facebook and SoftBank Vision Fund.

4. Ola
Ankit Bhati and Bhavish Aggarwal launched Ola, one of India's top ride-hailing services, in 2010. With significant funding from companies like as Tencent and SoftBank, Ola has raised close to $3.81 billion and now has over 5,000 employees. It keeps growing the range of mobility and transportation services it offers.

5. Licious
Abhay Hanjura and Vivek Gupta established the online meat and seafood delivery business Licious in 2015. With $158.6 million raised, the company guarantees fresh supplies to clients and employs between 1,001 and 5,000 individuals. Investors like Mayfield Fund and Vertex Ventures support it.

6. CRED
Kunal Shah introduced CRED, a credit card payment management software, in 2018. It has raised $471.2 million and serves as a reward for paying bills on time. With between 251 and 500 workers, the firm is backed by investors such as DST Global and General Catalyst.

7. Groww
Groww is an investment platform that specializes in equities and mutual funds. It was founded in 2017 by Harsh Jain, Ishan Bansal, Lalit Keshre, and Neeraj Singh. It employs between 251 and 500 people and has raised $142.3 million. Y Combinator and Sequoia Capital India are notable investors.

8. Jumbotail
Established in 2015, Jumbotail is an online grocery marketplace run by Ashish Jhina and Karthik Venkateswaran. With backing from Kalaari Capital and Nexus Venture Partners, it has raised $55.3 million and employs 101–250 people.

9. Slice
Deepak Malhotra and Rajan Bajaj started Slice, a competitor credit card firm, in 2016. It has raised $53.7 million in investment and provides a distinctive method of earning rewards and paying expenses. With the support of investors like Northern Arc and InCred, the company employs between 251 and 500 people.

10. InMobi
In 2007 Abhay Singhal, Amit Gupta, Mohit Saxena, Naveen Tewari, and Piyush Shah founded InMobi, a mobile advertising platform. With $320.6 million in investment, investors including SoftBank Capital and Kleiner Perkins support InMobi, which employs 500–1,000 people.

These businesses showcase Karnataka's thriving startup scene and its significance as a major participant in India.