Startups are a great way for investors to make profits, where there is no fierce competition and the creators of an idea can realize it with the support of influential and wealthy people. New products and developments appear in the world regularly, but the most successful of them have already made a place for themselves in the business world. We decided to present to you the Top 10 Most Profitable Startups in India.

Startup India Initiative By Government Of India

Startup India is an initiative of the Government of India. The campaign was first announced by Indian Prime Minister, Narendra Modi during his speech on August 15, 2015.

The action plan of this initiative focuses on three areas:

  • Simplification and Assistance.
  • Funding support and incentives.
  • Industry-Academia Partnership and incubation.

Another area related to this initiative is the removal of restrictive policies of the state government in this area such as License Raj, Land Permissions, Foreign Investment Proposals, and Environmental Clearances. It was organized by the Department of Promotion of Industry and Internal Trade (DPI&IT).

A startup is defined as a company that has its headquarters in India, opened less than 10 years ago, and has an annual turnover of fewer than Rs 100 crores (US$14 million). Under this initiative, the government has already launched the I- MADE program to help Indian entrepreneurs start 10 lakh (1 million) mobile app start-ups and the MUDRA Bank program (Pradhan Mantri Mudra Yojana), an initiative aimed at providing micro-credit at low-interest rates to entrepreneurs from low socio-economic backgrounds. The initial capital of Rs 20,000 crores (equivalent to Rs 230 billion or US$3.2 billion in 2019) has been allocated for this program.

Refer Wikipedia.Org To Learn More About Startup India Project.

most-profitable-startups-in-india

10 Most Profitable Startups in India

1. Zerodha

  • Head Office: Bengaluru, Karnataka, India
  • Founded Year: 2010
  • Founders: Nithin Kamath, Nikhil Kamath
  • Valuation: $2 Billion
  • Total Funding: $0

India’s largest stockbroking platform launched in 2010 with an aim to make investing in stocks painless and easy. Zerodha has managed to single-handedly change the entire stock trading industry, and that too without even raising any external funding or marketing their product. Today, Zerodha charges just Rs 20 (or 0.03% as commission – whichever is lower) from its customers for each intraday trade

Total Profit in FY21:  Rs 1000 Crore

2. Boat Lifestyle

  • Head Office: New Delhi, Delhi, India
  • Founded Year: 2016
  • Founders: Aman Gupta, Sameer Mehta
  • Valuation: $300 Million
  • Total Funding: $116.3 Million

Indian consumer technology startup Boat began selling charging cables in 2016 and broke even in its first year as the market was flooded with Chinese smartphones. Next, the company began launching other products such as earbuds, headphones, and smartwatches, focusing on quality and affordability to appeal to value-oriented Indian consumers. This strategy only accelerated their growth.

Total Profit in FY20: Rs 48.85 Crore

3. Car Trade

  • Head Office: Mumbai, Maharashtra, India
  • Founded Year: 2010
  • Founders: Vinay Sanghi
  • Total Funding: $307.4 Million Before IPO
  • Market Cap: Rs 6,790 Crore
  • Ticker Symbol: CARTRADE

Founded in 2009, CarTrade is the only profitable online marketplace for used cars. The ten-year-old startup has already filed for an IPO and is expected to go public soon. The company has significantly reduced its losses from $20 million in FY16 to just $2 million in FY17. The company became profitable only in FY18, which was achieved through internal restructuring, key acquisitions, and cost-cutting measures.

Car Trade is Currently Listed in Indian Stock Exchanges.

Total Profit in FY21: Rs 85 Crore

4. OfBusiness

  • Head Office: Gurgaon, Haryana, India
  • Founded Year: 2015
  • Founders: Asish Mohapatra, Bhuvan Gupta, Ex Chandranshu Sinha, Nitin Jain, Ruchi Kalra, Srinath Ramakkrushnan, Vasant Sridhar
  • Valuation: $1.5 Billion
  • Total Funding: $353.1 Million

Indian consumer technology startup Boat began selling charging cables in 2016 and broke even in its first year as the market was flooded with Chinese smartphones. Next, the company began launching other products such as earbuds, headphones, and smartwatches, focusing on quality and affordability to appeal to value-oriented Indian consumers. This strategy only accelerated their growth.

Total Profit in FY20: Rs 584 Crore

5. Lendingkart

  • Head Office: Ahmedabad, Gujarat, India
  • Founded Year: 2014
  • Founders: Harshvardhan Lunia, Mukul Sachan
  • Valuation: $253 Million
  • Total Funding: $257.5 Million

Founded in 2014, Lendingkart has disbursed $741 million worth of loans to more than 100,000 small businesses. This fintech startup achieved profitability for the first time in FY19

Total Profit in FY20: Rs 40 Crore

6. Aye Finance

  • Head Office: Gurgaon, Haryana, India
  • Founded Year: 2014
  • Founders: Sanjay Sharma, Vikram Jetley
  • Valuation: $230 Million
  • Total Funding: $261.2 Million

SME lending startup Aye Finance has been profitable for the past three consecutive years, disbursing more than $538 million worth of loans to more than 200,000 small businesses.

Total Profit in FY20: Rs 39 Crore

7. Browser Stack

  • Head Office: Mumbai, Maharashtra, India
  • Founded Year: 2011
  • Founders: Ritesh Arora, Nakul Aggarwal
  • Valuation: $4 Billion
  • Total Funding: $250 Million

India’s most valuable SaaS startup BrowserStack enables developers to test their apps remotely using their cross-browser testing platform that has more than 2,000 devices and is used by over 50,000 companies across the globe. The company has been profitable since day one and they have done this by not spending a dime on marketing and reinvesting all revenue back into the company to build better products for their customers. In FY20, BrowserStack made a profit of $3.8 million.

Total Profit in FY20: Rs 27.82 Crore

8. Cashfree

  • Head Office: Bengaluru, Karnataka, India
  • Founded Year: 2015
  • Founders: Akash Sinha, Reeju Datta
  • Valuation: $200 Million
  • Total Funding: $40.9 Million

Cashfree is a digital payment gateway platform that offers more than 100 payment methods to over 50,000 businesses around the world with a team of just 130 employees. Their ability to stay lean has allowed them to not only scale but also stay profitable from the beginning

Total Profit in FY20: Rs 18.98 Crore

9. Lenskart

  • Head Office: Faridabad, Haryana, India
  • Founded Year: 2010
  • Founders: Amit Chaudhary, Peyush Bansal, Sumeet Kapahi
  • Valuation: $2.5 Billion
  • Total Funding: $774 Million

Founded in 2010 by Peyush Bansal, Lenskart provides an omnichannel platform for selling eyewear and lenses through its online platform and offline stores. The company has invested heavily in setting up new physical stores – taking the number of offline stores to over 750. This is the reason why it took the startup a decade to reach profitability.

Total Profit in FY20: Rs 17.53 Crore

10. Wakefit

  • Head Office: Bengaluru, Karnataka, India
  • Founded Year: 2016
  • Founders: Ankit Garg, Chaitanya Ramalingegowda
  • Valuation: $400 Million
  • Total Funding: Rs 250 Crore

Founded by Chaitanya Ramalingegowda and Ankit Garg in 2015, Wakefit started selling mattresses online and made a profit after just six months. Today, this D2C mattress startup sells 1,500 mattresses every day to its 500,000 customers

Total Profit in FY20: Rs 9.49 Crore

Updated As On Sep 1st Latest Among All – Note: Current Data May Vary.

 

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Hi Guys 👋, I am Mohanraj, Budding Digital Marketer and Aspiring Entrepreneur With a Vision to Make People Around the World Understand How Businesses Works and Earns in a Simplified Way.

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