5 Indian Startups that rose to fame amidst Covid 19 pandemic
2020 has been a year of upheaval as the COVID-19 pandemic swept across the globe, upending both business and personal plans. At the same time, for many startups, COVID-19 came as a blessing in disguise. These difficult times not only enabled them to pivot their business operations, but also grow their business.
Following startups are on an upward growth spree and setting excellent examples –
1. Zomato –
Foodtech Unicorn Zomato has delivered a total of 9.2 crore orders since March 23, 2020, and claims to have zero reported cases of COVID-19 transmission through food delivery, or through the food delivery agents, Zomato’s Founder and CEO Deepinder Goyal announced in a tweet.
According to him, “Food delivery is one of the safest recreational options available to our customers during the pandemic. Going forward, we anticipate the food delivery sector to continue to grow at 15 to 25 percent m-o-m for the foreseeable future,”
The company was last valued at $3.6 billion following $195 million in funding in November.
2. BYJU –
BYJU’S began in 2011 as an offline tutorials company by the name of Think & Learn Pvt Ltd. The founder would travel across cities and conduct live classes with tens of thousands of students in auditoriums and stadiums. However, its growth has been one of the most prominent narratives of the pandemic.
It has acquired a number of companies, one of them is WhiteHat Jr, a 2018-founded startup, which, after just about 18 months of operations, got acquired by Indian edtech decacorn BYJU’S for $300 Mn, the biggest acquisition deal in the Indian edtech sector to date.
It raised $800 million in 2020 and its valuation surges to $12 billion
3. Urban Clap (Urban Company) –
4. Bigbasket –
5. Pharmeasy –
The Indian Startup culture has now taken a new route with Atmanirbhar Bharat Abhiyaan or Self-reliant India campaign, which is a vision of a new India envisaged by the Hon’ble Prime Minister Shri Narendra Modi. With initiatives like Make in India, VOcal for Local, the objective is to boost startup culture and create an environment of entrepreneurship in India.