A start-up company, as the name suggests, is an entrepreneurial venture that gives rise to a new idea into profitable venture. While, the thrust of start-up is not just on earning profit, but also on making people and the target users understand its relevance in the current scenario.
When an entrepreneur commences a new business idea, his success is dependent on various factors such as the leadership abilities of the entrepreneur, the team hired to run the venture, amount of capital invested in the business and execution of the idea.
Keeping in view all these factors, if they run in harmony and become synchronous, success is guaranteed in terms of the revenue earned by the start-up company.
In this article, we have prepared a list of top 10 start-up companies of 2016, which are running successfully in terms of revenues earned. Take a look at the list of start-ups and find out various business ideas that have been incorporated recently in the market space.
Industry - P2P Lending, FinTech
Location - Gurgaon
Founder(s) - Rajat Gandhi, Vinay Mathews & Nitin Gupta
Headcount – 23 employees
Services Offered - Faircent.com has become one of the leading Fintech Companies in India. It is a marketplace for borrowers and lenders to connect directly. Faircent empowers consumers who are burdened with high interest rates and lenders who end up with returns that fall shy of beating prevailing inflation. Faircent.com's platform allows for both auction and reverse auction.
2. Wow! Momo Foods Pvt Ltd
Industry - Food & Beverage
Location - Headquartered in Kolkata, operational in Delhi, Bangalore, Chennai, Kochi & Pune
Founder(s) - Sagar Daryani & Binod Kr. Homagai
Headcount - Over 700 employees
Services Offered - Wow! Momo is a quick service food chain that serves large variants of delicious momos and Tibetan cuisine in a dine-in, delivery and takes away format. A popular item on their menu list is ‘Chocolate Momo’.
Industry – Travel and Tourism
Location - San Francisco
Founder(s) - Anoop Goyal and Prakash Sikchi
Headcount – 15 employees
Services Offered - Inspirock is a very helpful app that helps people plan holidays with the help of technology. It is said that at a technology level this app is immensely complicated. For example, a planned itinerary for a 10 day trip to France will have a trillion possibilities and the number of permutations. What makes Inspirock different is that it is able to churn out plans based on logic and according to preference within seconds.
Industry - Education, Ecommerce
Location - New Delhi
Founder(s) - Ishan Gupta
Headcount – 50 employees
Services Offered – This venture is backed by investors like Yuvraj Singh, EduKart helps a student right from the time he or she decides to pursue a course to the time the enrollment is completed. This platform facilitates students to enroll in a degree, diploma, certificate, entrance coaching and school education courses, thus catering to the entire education life cycle of an individual, making it a unique platform in the Indian education industry.
5. Chaayos (Sunshine Teahouse Pvt Ltd)
Industry - Cafe, Chai
Location - New Delhi
Founder(s) - Nitin Saluja & Raghav Verma
Headcount - Over 250 employees across Delhi and Mumbai
Services Offered - Chaayos is a contemporary interpretation of the 'chai adda'. Chaayos offers more than 25 varieties of tea, customizable in 12,000 ways. Chaayos delivers Tea in Delhi, Gurgaon and Noida - orders can be placed by using the Chaayos App or by calling them up. It also allows customers to prepare tea at home by using the packaged 'chai patti' available in Chaayos cafes and on e-commerce sites like Amazon.in.
Industry - E-commerce
Location - Gurgaon, Haryana
Founder(s) - Rohan & Swati Bhargava
Headcount – 60 employees
Services Offered - CashKaro.com is a cashback and coupons website. Members can get up to 50% extra cashback on their online shopping at over 1000 sites when they shop via CashKaro. All Cashback can be paid to users' bank accounts as real cash.
Industry - E Commerce
Location - Gurgaon-based, present across 6 cities
Founder(s) - Abhiraj Bhal, Varun Khaitan, Raghav Chandra
Headcount – 300 employees
Services Offered- UrbanClap is another booming start up that helps its users in finding the right service professionals for the activities required by them. All types of perfessional and personalized services are available through UrbanClap Services ranging from decoration of your home to pre-wedding and wedding photography, make-up artists, plumbers and electricians all are available at your doorbell. This venture helps you fulfill all your service needs. UrbanClap's vision is to use technology and smart processes to organise the highly unorganized services market in India and emerging markets. At present, UrbanClap is available in 6 cities and has plans to launch in 5 more cities.
8. TrulyMadly Matchmakers Pvt Ltd
Industry - Dating and Lifestyle
Location - New Delhi
Founder(s) - Sachin Bhatia, Rahul Kumar, Hitesh Dhingra
Headcount - 50 employees
Services Offered - TrulyMadly has customized its offering by building a trustworthy and exciting platform for the young Indian Millennials to meet new people. TrulyMadly promises 100% verified profiles to its users. The app's compatibility matching algorithm also shortlists highly compatible matches and makes finding great people to hang out with a lot easier. The TrulyMadly system uses a proprietary tool called that uses trust-based scores to verify its users.
9. Consure Medical
Industry - Medical Device
Location - New Delhi
Founder(s) - Nish Chasmawala, Amit Sharma
Headcount - 14 employees
Services Offered - Consure is focused on developing and commercializing novel critical care devices for 80% of global citizens that do not have access to subsidized healthcare. The startup's flagship technology is the Qora Stool Management Kit. Qora is the only stool management device that integrates a hygienic applicator to deploy a diverter inside the rectum by a minimally trained care provider or a motivated family member.
10. Amigobulls Inc
Industry – Finance, E-commerce
Location - Bangalore
Founder(s) - Chandu Sohoni, Poorna Nayak, Mandeep Makkar
Headcount -11 employees
Services Offered - Amigobulls offers investment advice and news to Stock market investors in the US through a patent pending video generation technology. The startup has filed a patent for a technology, which allows any user to create and upload videos about a stock.
We hope that the list of top 10 start-ups of 2016 was enlightening and provided you rich insights about the ventures that have come up in the economy in various industries.
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