Mumbai, The City of Dreams. Mumbai is the wealthiest city in the country and among the wealthiest city globally. Headquarters of the most of the multiple financial institutions are located in Mumbai starting from the Bombay Stock Exchange, Reserve Bank of India, National Stock Exchange, and the Mint, to Indian business giants such as the Tata Group, Aditya Birla Group, Essel Group and Reliance Industries. It has also became the startup hub of India and has given rise to numerous startups recently. Here we have lsited down few successful startups in Mumbai.
Chillr connects multiple accounts of the customer and allow instant money transaction directly through the individual’s bank account through the app itself. The app allows you to recharge your phone and pay bills. Its a brand run and owned by Backwater Technologies Pvt Ltd. Mohamed Galib, Sony Joy, Lishoy Bhaskaran, Anoop Sankar started chillr in 2014.
PepperFry sells home décor and furniture. The company was launched in 2011 with the idea of making furniture shopping online convenient for married couples who aim to start their life afresh with a new home. The startup is facing tough competition from international FabFurnish.com and urbanladder.com
Ashish Shah, founder and Chief Operating Officer of PepperFry, is a graduate from Pune University and later did a diploma course in Ghaziabad and has 15 years work experience in the market
With growing economic opportunities, people are moving from small towns and districts into big cities to make their career and have a better livelihood. For this, people require accommodation. GrabHouse, launched in 2013, understands that Mumbai city requires PGs. It helps you rent an apartment, find a PG and a house where you can stay while you work or study in the city. The company has now been bought by Quikr and hence been names Quikr Homes. Hence, it has spread its wing across the country now.
Housing is an online platform available in more than 40 cities in India and was launched in 2012. The mind-work of 12 IITians brought this start-up to where it is today. Rahul Yadav, the co-founder, has given this start-up a unique look with interactive maps which allow the visitor to look deep into the real estate market. The company aims at giving people a variety of options to customers to choose from and informs them of various price ranges. The company started with Rs. 1.5 crores in its pocket and is now valued Rs. 1500 crores with 1500 employees across 45 cities.
Launched in 2014, the app brings world’s best cuisine to your doorstep. Saurabh Saxena, the founder, aims to bring to India flavour from all around the world in their original form. A graduate from IIT-Bombay, Saxena aims to make the eating experience better for customers. They raised around Rs. 2 crores from a company called India Quotient. We wish him all the luck and success with his business venture.
BookMyShow was launched in 1999 by Ashish Hemrajini, Parikshit Dar and Rajesh Balpande. They saw the online market before anybody else did and today have become the world’s largest online ticketing brand. In 1999, they began with a small office in Mumbai and now have spread themselves across India. Bigtree Entertainment Pvt. Limited is the parent company that guides them. The revenue of the company since 2010 has been more than Rs.100 crores.
India is known for its wedding celebrations and is known as the world’s largest destination for wedding marketing. Keeping this fact in mind, Sandeep Lodha, the founder, is a graduate of Wharton Business School and IIT-Delhi and has captured the biggest Indian market online with his commercial venture. The Indian wedding celebrations made easy with venues being put online to choose from. The soon-to-be-married couples can book venue, rooms and other wedding related items online quickly and fast. Clearly, the idea is well thought of and the company has a long way to go.
Found in the year 2013, the founders understanding Indian society and the need of Indian parents and children to do well in academics and in their job. Hemanth Goteti and Zishaan Hayath, graduates from IIT Bombay, have made studies fun with this app. It provides material to students from class 5th to 12th standard and also for students appearing for entrance examinations and scholarship exams.
Bajaao, a Mumbai-based company found in 2005 by Ashutosh Pandey who wishes to spread his love for music started his own commercial venture by selling instruments to young musicians and people who wish to take it up as a hobby. After this brand broke up, Ashutosh wished to continue work in the same spirit with the aim to spread good music across the city of Mumbai.
Aseem Khare, the founder of Taskbob, a graduate from IIT Bombay has got home service on your mobile phones, tablets and iPads. Making it easy for you to fix your laptop, tv remote, bathroom tiles, and plumbing system. Taskbob has made itself huge in the city of Mumbai and is competing with UrbanClap to climb up charts and make it mark across the country. We wish the start-up all the best.
Mukund Madras, the founder of Heckyl Technologies, is trying to get structured as well as unstructured data in real-time analytical products to financial institutions and corporates. Heckyl provides a Risk Early Warning System (EWS) Software Platform for managing credit risk. It gets millions of data as input for businesses from which it creates output to help credit risk team to identify potential defaulters.
TAC security is cyber-security solutions provider with a mission to anticipate, resolve, and mitigate cyber security risks and challenges. Trishneet founded TAC Security Solutions in 2013 at age 19. Trishneet has a strong inclination towards technology, gaming, and computers since he was a child. He is one of the youngest ethical cyber security experts in India. This indian startup provides network, application and web security solutions to corporates, banks, startups, governments and law enforcement agencies. Its current client portfolio includes names such as Reliance Industries Limited, Gujarat Police, Punjab Police, International Tractors Limited (Sonalika), AMUL, Avon Cycles, RALSON, and Central Bureau of Investigation (CBI), among others. Startup got funding from Vijat Kedia (MD, Kedia Securities).
These are the list for successful startups in Mumbai. If you know any other startups in Mumbai, please let us know in the comment. We will connect with them to feature their story.