Revolution in Tech: Top 10 Startups in Bangalore

Ever thought why Bangalore is known as the tech city or considered the Silicon Valley of India? The talent pool and positive startup ecosystem make it a hub for tech startups. The city is a home for global startups. Let us take a look at the top 10 startups in Bangalore who are on the rise as the top players to revolutionize the tech scene! Bangalore Top Startups and Their Story we will Cover!

Top 10 Tech Startups in Bangalore.

Here are some of the leading innovative global startups in Bangalore that are disrupting different industries.

Yellow.ai

Yellow. ai (formerly Yellow Messenger), a global leader in AI-led enterprise customer service tools. They provide an AI-powered chat bot for various mediums to help their clients deliver hassle-free customer services and enhance customer retention. They are based on their annual multi-LLM training with 16B+ conversations.

Founded back in 2016 by Raghu Ravinutala (CEO), Rashid Khan (CPO), and Jaya Kishore Gollareddy (CTO), the platform has risen to prominence as one of Bangalore's unicorn AI startups. In 2024, they followed up a big milestone of attaining over 1 million users within 4-5 months post launch Post their rebranding, they raised Series A funding of $4 Million and 4Xed their revenue (source).

Razorpay

Razorpay — The first financial platform in India to offer all the financial services a business needs to accept, process and disburse finance. They are among the most successful fintech start-ups in Bangalore dealing with UPI’s, credit cards, debit cards, net banking, and top online wallets. Fintech companies also offer different APIs for easy integration to meet all the financial needs of a business while ensuring compliance.

Many such big returns are recorded in startup business, one of them is Razorpay which founded in 2014 by Harshil Mathur and Shashank Kumar. With a total funding of $742 Million (over 11 rounds since the first raised in 2015 [source]) raised by Razorpay, it is leading the fintech market of Bengaluru.

Rapido

Rapido is the leading startup in India in the field of ride-hailing service-providing. Known for last mile connectivity, they are also an affordable mode of commute in urban areas. Rapido has revolutionized commuting to be faster and cheaper with their tech-based bike taxi services, while it also has its auto and cab hailing service. They want to incorporate the EV in their startup model, making them Bangalore's most prominent name in sustainable startups. This was recently mentioned by the company in an interview, where they also stated that they will be converting all of their bike taxis to EVs in cities including Delhi.

Founded in 2015 by Rishikesh S R, Pavan Guntupalli, and Aravind Sanka, Rapido has raised a total of $559 Million up to date in 12 funding rounds.

Unacademy

Unacademy is yet another one of the top unicorn EdTech based in Bangalore and one that provides tech led education to students across the county. Unacademy is a platform that has technology-driven courses from recorded classes to live sessions on specialized courses from competitive exams like NEET, JEE, CAT, UPSC, CLAT, to a few more. They are also a social network for teachers and students and their parents.

Unacademy was founded in 2010 by Gaurav Munjal as a YouTube channel. But the trio of Gaurav Munjal, Hemesh Singh, and Roman Saini formalized things in 2015 when they co-founded the startup. They are funded by $880 Million to date.

Udaan

One of the prominent unicorn B2B e-commerce startup in Bangalore, Udaan has a nationwide presence. Focus on providing a service where small businesses can grow their business. Their hold on eB2B is a 70% market share. They have a pan-national network of suppliers and retailers in genres like FMCG, staples, pharma etc.

Udaan was started in 2016 by Amod Malviya, Sujeet Kumar, and Vaibhav Gupta. They raised funds in a total of 18 rounds, totaling to $1.95 Billion.

Ather Energy

Ather Energy is a unicorn that has gained a lot of popularity and recognition in the sustainable startup ecosystem in Bangalore. In fact, they were one of the pioneers of doing so and also had a great technology at that time to build solid battery and charging network for their EV scooters.

The company was started in 2013 by Tarun Mehta and Swapnil Jain. They are one of the very few hardware suppliers for EVs known for the tech innovations at Bangalore. The tech-sustainable startup was founded and has raised total funding of $502 Million over 19 rounds since its inception.

Increff

Increff is focused on bringing tech innovations in inventory and supply chain management in Bangalore. An innovative startup based in Bangalore, they provide data-driven retail software as a service (SaaS) solution that help businesses maximize their operations and make data-backed decisions from insights captured through Increff.

Founded in 2016 by Rajul Jain (CEO), Anushuman Agarwal (COO), Vishal Raj (CTO) and Romil Jain, Increff. They have raised $17.1 Million across 3 funding rounds

Ninjacart

Ninjacart is mixing the Bangalore tech world with agriculture to link farmers and consumers. The agritech start-up aims to provide a dependable agri-trade market online to enable farmers to earn better and help customers get fresh groceries. They provide a wide range of products that cater to various needs in the agriculture market.

The company was founded in 2015 by Kartheeswaran KK, Vasudevan C, Sharath Loganathan, Ashutosh Vikram, Thiru Nagarajan and Sachin Jose. They have raised $508 Million across 10 rounds.

Practo

However, Practo is one of the most adopted and one of the prime health tech startups in Bangalore. They act as an intermediary between patients and doctors providing a service for digital consultation, checkups, and medical records. Practo is at the forefront of healthcare accessibility.

Founded in 2008- Practo was co-founded by Shashank ND0 (CEO) and Abhinav Lal (CTO) Healthcare startup HealthTap has raised $228 Million in 9 rounds of funding.

Scripbox

4) Scripbox: Scripbox is one of the most successful fintech startups in Bangalore that is providing financial and mutual fund management all over the country. They assist people in investing in various means to generate revenue digitally.

The company was founded in 2012 by Atul Shinghal and Sanjiv Singhal. They have raised a total of $80.5 Million in 12 rounds.

Are you interested in discovering tide-turning startups around Bangalore? Startup events can get you acquainted with the Banglore tech ecosystem and the

ecosystem! One such startup event is Global Startup Summit by 21BY72 The startup networking event for the startup, entrepreneurs, investors and industry experts is the Global Startup Summit. For industry awareness and connections, we conduct exhibitions, pitching events, panel discussions, and experts speaking sessions. DON'T MISS OUT: Performers can get an early bird discount to our Bharat’s Leading Startup Summit Season 4 by 21BY72 at our website!

Conclusion

Bangalore is the Silicon Valley of India and the tech capital with hundreds of tech startups. So we have filtered out the top 10 tech companies in Bangalore that are disrupting their respective industries such as edtech, fintech, agritech, customer management, etc. Go through this blog to know the most innovative startups in Bangalore.

FAQs

1. Why Bangalore is called Silicon valley of India?

Chennai and Bangalore are nicknamed as the Silicon Valley of India due to housing 10k+ startups that are technology-dependent. They have government policies that support the startup ecosystem, a talented workforce in creative/technical domains, and entrepreneurs that are looking to push the envelope. Their technical strength has made them the centre of tech startups. Add to this significant venture capital funding, an intense research and development culture and top engineering institutions such as IISc and IIT Bangalore and you are bound to have a city that is a true blue tech capital of the world.

Which industries have the maximum presence in Bangalore?

Bangalore is the hub for various industries. But the basis of each of the top industries in Bangalore is technology. A few key sectors include SaaS, FinTech, EdTech, AgriTech, HealthTech, AI, E-commerce and EVs. Bangalore ecosystem focuses more on building compelling and result oriented startups which is beneficial for the society.

Who are the successful entrepreneurs in Bangalore?

Top entrepreneurs of India is created from Bangalore. Unacademy (Gaurav Munjal, Hemesh Singh and Roman Saini) had an EdTech disruption, Flipkart (Sachin & Binny Bansal) an e-commerce wave. Digital payments became seamless thanks to Harshil Mathur & Shashank Kumar (Razorpay), and Tarun Mehta & Swapnil Jain (Ather Energy) are leading India’s EV revolution. Sriharsha Majety (Swiggy) broke the food delivery quadrilateral. Bangalore becomes home to these entrepreneurs who have contributed to this hub of startups attracting global investors and creating a culture of innovation.

How do startups get investor in Bangalore?

Network with venture capitalists to find investors in Bangalore. Platforms such as Indian Angel Network and Lets Venture enable startups to reach out to angel investors. Other sources of validation and mentoring include attending incubators and accelerator programs like NSRCEL (IIM Bangalore), 10,000 Startups (NASSCOM). You can also attend networking events like TiE Bangalore and 21by72’s Global Startup Summit to pitch and get funding from investors.