India has at all times seen the emergence of quite a few startups yearly. Our nation has given start to 30 unicorn startups famend globally. Actually, final 12 months itself India added 09 new unicorn startups in its checklist.
Not too long ago, CB insights printed an inventory of 50 future unicorns during which these 03 Indian startups have been additionally talked about.
Moglix
Moglix is an Asia-based E-commerce firm, headquartered in Singapore. The corporate was based in 2015 by Rahul Garg and can also be backed by the industrialist Ratan Tata. It’s inclined in the direction of the B2B procurement of commercial provides. The corporate operates an industrial product market specializing in procuring and supplying utility-based merchandise comparable to fasteners, MRO (manufacture, restore, and working provides), electrical, pneumatics, {hardware} and security gadgets, and extra.
Moglix is predicated in Noida, India, and presently has 10 achievement facilities throughout twelve cities. Moglix caters to greater than 450 giant manufacturing homes and over 2,20,000 SMEs in India. The corporate has 10,000 suppliers throughout 25 states and in a number of international locations. In 2018, Moglix has been acknowledged as the highest agency in Deloitte’s know-how quick 50 lists. The corporate additionally gained the 11th version of SAP ACE Awards 2018 within the Sourcing Excellence class.
CRED
CRED, a Fintech Startup was launched in 2018 by Kunal Shah. This bank card funds app has been making a buzz ever since its launch. Cred is a bank card fee platform that lets cardholders pay their bank card invoice by means of the app and get a bouquet of advantages by way of Cred cash. Thes digital cash later will be redeemed throughout varied platforms comparable to espresso outlets, film theatres, e-commerce buying, and plenty of others.
Not too long ago, CRED has rolled out two new lending merchandise particularly CRED RentPay and CRED Stash. CRED RentPay permits its customers to pay recurring family bills and payments, and month-to-month lease funds utilizing bank cards. Whereas CRED Stash will provide a low-interest instantaneous credit score line, by means of a pilot with IDFC First Financial institution.
Vedantu
Vedantu, an Indian Edtech startup that’s an interactive on-line tutoring platform is the place academics present college tuitions to college students over the web, utilizing a real-time digital studying atmosphere named WAVE a know-how constructed in-house.
The startup was based in 2011 by a bunch of IITians Saurabh Saxena, Vamsi Krishna, Pulkit Jain, and Anand Prakash.
