ET Startup Awards 2021: Nominees for Startup of the Year


The award will aim to pick the startup that has the potential to become a blue-chip corporation. The ET Startup of the Year will be characterised by breakthrough innovation, top-class execution and fast-paced growth. The quality of the founding and management team was an important component in decision making.

PharmEasy

PharmEasyET Tech

Founded In: 2015

Founders: Siddharth Shah, Dharmil Sheth, Dhaval Shah, Harsh Parekh and Hardik Dedhia

Based In: Mumbai

Key Investors: Prosus Ventures, Temasek, B Capital, Tiger Global, TPG, Orios Venture Partners

What it does: PharmEasy, run by API Holdings, offers medicine delivery, diagnostic services and online doctor consultation, apart from having a business-to-business (B2B) pharma distribution vertical. It’s been on an acquisition spree to scale up its non-medicine delivery business with acquisitions like pathology chain Thyrocare and hospital supply chain startup Aknamed. The number of doctors and pharmacists on its platform has doubled in the last year.

ALSO READ TECH NEWSLETTER OF THE DAY

Paytm founder’s pre-IPO windfall; Google sues CCI

IPO-bound Paytm, which recently increased its employee stock options pool from around 24 million to around 61 million, has given almost half of the new options to its founder as a reward for taking the company public.


Read Now


Nykaa

Falguni NayarET Tech



Founded In: 2012

Founders: Falguni Nayar and Adwaita Nayar

Based In: Mumbai

Key Investors: Fidelity, TPG Growth, TVS Capital, Steadview Capital, Lighthouse

What it Does: Nykaa is an omni-channel beauty and personal care products retailer that has filed for an IPO later this year. It would be the first profitable unicorn ecommerce firm going for a listing in India. Nykaa’s gross merchandise value (GMV) jumped over 50% to almost Rs 4,046 crore in FY21. It is also expecting strong growth in the current financial year.

See also  More people hit China roads in first major holiday since coronavirus easing

Byju’s

byjuET Tech



Founded In: 2011

Founders: Byju Raveendran and Divya Gokulnath

Based In: Bengaluru

Key Investors: Blackstone, ADQ, B Capital, Sequoia Capital, UBS Group

What it Does: Byju’s is the largest online education firm in India as well as the most valued startup at $16.5 billion. It has seen cumulative downloads of over 100 million, with 6.5 million of them being paid subscribers. It has spent well over $2 billion on acquisitions this year. The startup is expanding aggressively in the United States and other global markets.

Deepinder GoyalET Tech



Founded In: 2010

Founders: Deepinder Goyal and Pankaj Chaddah

Based In: Gurugram

Key Investors: Info Edge, Ant Group, Tiger Global, Sequoia Capital, Temasek

What it Does: Zomato is one of the leading online food delivery firms and became the first large new-age consumer internet startup to go public in India this year, setting the stage for a whole bunch of companies to tap the domestic IPO market. Its other businesses include table booking for dining out, fresh supplies to restaurants and a customer loyalty programme.

BrowserStack

BrowserStackET Tech



Founded In: 2011

Founders: Ritesh Arora and Nakul Aggarwal

Based In: Mumbai

Key Investors: Accel, Bond Capital, Insight Partners, The White Rabbit

What it Does: BrowserStack offers a subscription-based web and mobile app testing platform. The startup was bootstrapped till 2018 when it first raised venture funding from Accel. Earlier this year, it raised $200 million more and was valued at $4 billion. It eventually wants to do an IPO but is currently aiming to become the largest testing platform in the world with a 50% market share.

See also  Karnataka allows e-commerce firms to ship all goods



READ SOURCE

LEAVE A REPLY

Please enter your comment!
Please enter your name here