MUMBAI: LinkedIn, the world’s largest professional network, today launched the second edition of the LinkedIn Top Startups List for India, as determined by the actions of more than 60+ million professionals on the platform. The list reveals the 25 hottest Indian startups to work for in 2019 and how these companies influence growth and opportunity for the country’s workforce and the economy.
This year, the world’s third-largest hospitality chain, OYO Hotels and Homes (#1) has retained its pole position on the list by expanding its services across 80 countries and becoming a decacorn in 12 months. With its foray into international markets and $100 million in annual revenue within three years of inception, health and fitness startup Cure.Fit (#2) has also maintained its rank, coming in second after the hospitality chain. Breaking the pattern, the list welcomes online consultation platform TapChief at the (#3) spot. Alongside TapChief, the top 10 features three new entrants this year, Bounce (#5), the world’s fastest growing bike sharing startup, Playment (#6), an AI-driven crowdsourced marketplace, and mfine (#9), an online doctor consultation platform.
Consumer Internet startups retain their dominance on this year’s list, and showcase the emergence of healthcare, wellness, and e-learning startups that are embracing AI to offer accessible medical, wellness, and upskilling solutions for consumers. Making their debut on the list, startups like mfine (#9) and Pristyn Care (#21) are providing AI-driven doctor-consultation and affordable surgical access with instant online access to doctors. As Indian companies invest in future-proofing their talent by proactively working towards bridging the skills gap, e-learning platforms InterviewBit (from #22 in 2018 to #10 in 2019) and upGrad (from #21 in 2018 to #14 in 2019) have made significant strides on the list.
“India is the world’s second largest startup ecosystem and this made it incredibly exciting to curate the second edition of the Top Startups list. The list is symbolic of the thriving ecosystem, and features companies that are vanguards of key trends in e-learning, healthcare, and financial services. In terms of creating opportunity, the startup ecosystem continues to flourish by fulfilling employment needs across various industries in the midst of the economic slowdown. Our data shows that these 25 companies collectively created about 18,000 jobs in the past year, and are expected to create more than 19,000 new employment opportunities in the coming 12 months,” says Adith Charlie, India Managing Editor, LinkedIn.
Nearly 50% of the companies on the 2019 Top Startups List for India are Bengaluru-based, including firms such as Cure.Fit (#2), TapChief (#3), Bounce (#5) and Udaan (#11), which further endorses Bengaluru’s status as the startup capital of India.
