India's Top 10 Fintech Startups
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- เผยแพร่เมื่อ 15 ก.ค. 2024
- Fintech startups have exploded in India over the course of the last few years, and this dramatic rise in popularity is something that Indian entrepreneurs have been quick to capitalise on. In this video, we'll be telling you about India's top 10 fintech startups, and what they've been able to accomplish so far. 00:00
01:15 #10 Zerodha: Bangalore-based Zerodha was started as an online brokerage platform by two brothers, Nithin Kamath, and Nikhil Kamath, in 2010. Today, Nithin Kamath and Nikhil Kamath have managed to acquire 1.5 million clients to use their platform, making Zerodha one of the biggest brokers in India. What is more, Nithin Kamath and Nikhil Kamath have made the startup profitable and bootstrapped.
02:38 #9 Razorpay: Razorpay was founded by Harshil Mathur and Shashank Kumar in 2014. Bored with their jobs, both Harshil Mathur and Shashank Kumar quit and started building Razorpay from Harshil’s parent’s house in Jaipur. Today, Harshil Mathur and Shashank Kumar have managed to build Razorpay into a comprehensive end-to-end digital payments solution. A large part of this growth can be attributed to the support they have received from their investors, who have invested nearly $125 million.
03:50 #8 Capital Float: Capital Float was founded by Gaurav Hinduja and Shashank Rishyasringa in 2013. Capital Float partners with banks and NBFCs to offer easy access to working capital to Indian SMEs. Due to the fact that there are about 30 million SMEs in India, Gaurav Hinduja and Shashank Rishyasringa are solving a huge problem. Thanks to Gaurav Hinduja and Shashank Rishyasringa, Capital Float has managed to disburse more than $1 billion in loans to over 47,000 customers. The fintech startup has raised nearly $145 million from its investors.
04:45 #7 Acko: This fintech startup was founded by Varun Dua in 2017, and is a digital platform that offers its customers insurance for vehicles, smartphones, and travels. Before founding Acko, Varun Dua also founded Coverfox in 2013. Under the leadership of Varun Dua, Acko insures more than 45 million customers. The startup has also raised $143 million from its investors.
05:33 #6 CRED: This fintech startup was founded Kunal Shah in 2018, and is a platform that offers exclusive rewards, experiences, and upgrades to its users for timely payment of their credit card bills. Before CRED, Kunal Shah also founded Freecharge in 2010. Unlike other entrepreneurs, who believe in trying out an idea and pivoting, Kunal Shah believes in extensive research before moving forward with an idea.
06:26 #5 Lendingkart: Founded by Harshvardhan Lunia and Mukul Sachan in 2014, Lendingkart provides unsecured loans to SMEs in India. Harshvardhan Lunia and Mukul Sachan have ensured that their platform is accessible to people who don't speak English, by providing it in five regional languages apart from English. So far, the startup has disbursed loans to over 73,000 businesses, and Harshvardhan Lunia and Mukul Sachan couldn't be happier. So far, Lendingkart has successfully raised $200 million.
07:23 #4 Pine Labs: Rajul Garg and Tarun Upaday founded Pine Labs in 1998, and it took the startup 22 years to become a unicorn. However, neither Rajul Garg and Tarun Upaday got to experience this milestone, as both left the company in 2004. Today, Pine Labs processes payments worth $30 billion every year through its network of 140,000 merchants across 3,700 cities in India, Southeast Asia and the Middle East.
08:30 #3 PolicyBazaar: PolicyBazaar is India’s largest online insurance aggregator, and was founded by Yashish Dahiya, Alok Bansal, and Avaneesh Nirjar in 2008. Yashish Dahiya came up with the idea for PolicyBazaar when he realized that his father had been cheated by a policy agent. With his father's financial struggles as a key motivator, Yashish Dahiya made PolicyBazaar into what it is today: a fintech startup that sells 400,000 policies every month, while growing at the rate of 100% year-on-year, and having raised $500 million in funds so far.
09:45 #2 PhonePe: Sameer Nigam and Rahul Chari founded PhonePe in 2015, and the mobile payments startup was acquired by Flipkart in April 2016, bringing Sameer Nigam and Rahul Chari back into Flipkart, where they used to work. PhonePe has come a long way since the day Sameer Nigam and Rahul Chari wrote the first lines of code back in 2015: today, more than 5 million merchants are using PhonePe to accept payments, and the app crossed 5 billion transactions in December 2019.
11:00 #1 Paytm: Vijay Shekhar Sharma started Paytm, India's most valuable unicorn, in 2010. What is more, Vijay Shekhar Sharma started Paytm's parent company One97 back in 2000 and had to convince the board of directors at that company that Paytm was worth creating. Today, this gamble has paid off for Vijay Shekhar Sharma, as Paytm has over 350 million users and has raised $4.4 billion to date.
#fintech #backstagewithmillionaires #bwm
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since this video....its oct 2020
1.zerodha become unicorn with $3b
2.razorpay become unicorn $1b.
3.pine labs become unicorn
Seems like we need to do an update video in 2021 😁 -Caleb
👍👍 awesome analysis
@@backstagewithmillionaires you should do
3. Google pay India = 67 million users
2. Phonepay = 250 million users
1. Paytm = 350 million users
Wow! Great video with lots of useful information.
I didn't know that there so many fintech startups in India. I liked CRED the most!
Thanks a lot UppLabs! We're glad that you enjoyed the video - yes, fintech is taking off here in India! CRED is definitely am interesting one, as the founder, Kunal Shah, did a ton of research before deciding to found the company. -Caleb
that wa a great video, really interesting topic, very well reserch plus well edited, please keep up this videos
Hi Robin, thanks a lot! Really glad that you found it informative and interesting. We'll keep posting every week so stay tuned! -Caleb
fintech startups in india - a very good educative highlight- thanks mr. caleb friesen -
Amazing content
Loved the list along with its articulating host
Don't Stop making videos
Hi Abhijeet, we're really happy that you enjoyed the video, and we will absolutely keep making videos 🙂 thanks for the comment! -Caleb
Your channel is under rated with the quality of content you have created. Thanks I was looking for this kind of content
Thank you for the kind words Vjendra! Hopefully we aren't underrated for too much longer 🙂 -Caleb
This video enabled me to gain an extensive insight into the Fintech startups. Thanks a lot!
Hi Vijay, I'm really happy to hear that 😁. -Caleb
Insightful list Caleb, Bharatpe is another UPI Payments player that is growing at an incredible pace.
Hey Avjit, you're right about that! We discussed their Series C in our most recent news video (ep. 6), and we would love to have them on the show at some point too to talk about their story.
💲🎬📽🎞
Good information
Bhart pay is a very all venture with only 20 employees and small no of business users.
Gjgh HV
Watching these videos sitting in Toronto
Really like the background and details given in the video
Keep making more videos
I'm jealous! Missing the 6 🙂 would be nice to live there someday, grew up between Ottawa and Vancouver. Hoping to incorporate some Indian-Canadian news into our channel at some point down the road - if you're connected with the startup ecosystem in Toronto, would love to get in touch! -Caleb
Good Info mate
Great work. very informative
Thanks a lot! We're glad that you enjoyed it. -Caleb
Very motivated
Very informative video, thanks
We are glad that you liked it Himanshu!
-Varun
A very informative presentation. Can you please make a presentation comparing the Indian fintech startups with the Chinese fintech startups.
Would like so see more fintech videos
Brother, India is "accelerating" day by day.......you need latest data.....
Well, great work 😎👍👍💯💯
Keep it up ...
Hey Vaibhav, which data are you referring to that's not latest? I think we used all the latest data for this video.
Also, we agree India is definitely accelerating and fintech has been one of the primary beneficiaries.🙂
-Varun
THANKS A LOT...
Of course Abhishek! 🙂 Thank you for watching. -Caleb
Information provided is at par. Great job.
Can you please provide the source of data?
u should mention few other notable startups other than top ten like BharatPe, khatabook etc...loving ur content
That's a good idea! We could add notable mentions for companies that didn't make the cut, but still deserve to be added to the list in some capacity.
Thanks 🙏
I have been using some of these apps but I didn't know what is fintec (Financial technology ) means. But you explain very well by using the background visal.
Hi Arif, even I didn't know much about fintech before we launched this channel 1.5 years ago - that's the whole point of the channel, to educate and explain, so I'm very glad that you enjoyed the video and learned something from it as well 🙂. -Caleb
Good insight
Thanks Kayode!
Perfect
Very good video. Starting my own Fintech company in Kenya. Very good insight of India Fintech space
Good luck Edward! How's the startup ecosystem over there in Kenya? From what I've understood, Nairobi is essentially the Silicon Valley of Africa. -Caleb
@@backstagewithmillionaires I think u should also check out well funded fintach startup ZestMoney ... I'm impressed with there service...
Very nice ........
Thanks a lot Sanjib!
-Varun
Thanks ;)
Don't you think by the definition of fintech, GOI is the biggest fintech player in Indian ecosystem right now. With the great initiatives as well world's largest DBT program. GOI is propelling the fibre h culture in Indian ecosystem.
You're probably right about that Shivam! None of the growth and innovation in the fintech space would have been possible if the Government of India hadn't been open to change, and hadn't supported and facilitated that change. Even looking beyond fintech, the Government of India seems to be doing everything that it can to position India as one of the world's two largest economies as quickly as possible. If positive changes like what we are seeing in the fintech space continue to happen the way that they have been for the last couple of years, then I think in 5 to 10 years, India will rise to a position of prominence and power on the world stage in a way that hasn't ever happened in the country's history. That's one of the reasons I feel excited and happy to live here! -Caleb
@@backstagewithmillionaires doing some research on few more reasons to make you happy as we usher into new age of digital lending by some really exciting new initiatives taken by GOI and thought leaders.
Appreciate your response and Let me know if you'd want to connect for some content on this space.
Could you please tell me on which basis u have listed these companies in your illustration?
What about Belgium electronic accounting surveillance terminal?
Excellent work , thank you for the information, i was wondering how could i get my presentation better - By watching your video i am very confident.
Hi suhasaify, thank you! So happy to hear that our video is going to help you in your presentation, and that you got so much value out of it 🙂! -Caleb
nice
Cleartax is another company in the same segment ... Growing very well ... I saw its founder Archit in one of the pictures you added
You are right Swetlina, Cleartax is definitely one of the most promising fintech startups in India. We might have to create an updated list for next year.
-Varun
Just wanted to know how Capital Float made into this list just saw their google reviews 12 reviews in total with 12 One star rating
It's a really knowledgable video. I appreciate the work you're doing here. I am an entrepreneur, I have faced a lot and I know things gonna be tough for me in future, But As they say, "Entrepreneurs never quit, they always create a way".
Hi Nishant, glad that you enjoyed the video 🙂 there's a lot of other content on our channel that I think you'll be able to benefit from and be inspired by. Also, best of luck with your venture - I know that this is a difficult time for most entrepreneurs, so hang in there and yes, entrepreneurs always create a way. I'm sure that you will too, one way or another. -Caleb
Woah! I work at Razorpay ❤️
Oh wow, The Roadster!
How is it working at Razorpay? You guys just became a unicorn, congrats 🙂
We would absolutely love to interview Harshil and Shashank someday!
-Varun
Please run a review of talkcharge...
Technopine solutions must be in the list
great video you deserve more subscribers
Thanks k k, I appreciate that! We'll get there someday 🙂. -Caleb
Could you please make a video on HealthTech startups😄
Thanks for the request Swati! This is actually the Top 10 video that we're hoping to release next: *Top 10 Healthtech/Biotech Startups* or something to that effect, so stay tuned. -Caleb
Great idea! We are also interested in this topic.
Great video
But I would have placed zerodha, policybazar, paytm and pinelabs on top rather than cred, phonepe because they spend more and generate less revenue.
Forget about profit.
Thanks a lot Akshay.
Yeah, we can probably make a few changes in the rankings but it seemed appropriate. But I agree about Zerodha, it might just be a hidden beast among other fintech startups.
-Varun
In Oct 2020, India's UPI transactions worth ₹3.86 lakh crore or US$ 53 billion. Imagine how UPI txn has revolutionised the fintech scenario.
Hey Black King, yeah these numbers are impressive. It's hard to imagine that UPI has only been around for four years. UPI has definitely made digital transactions so much easier and most of all free. I always hated having to first add money to my Paytm wallet and then do the transactions.
-Varun
I am surprised how you didn’t mention Bharat Pe.
😮😯
India has great population, which means it also has great internet population too if India hurrys and take care of this huge data with home grown techs before The big tech giants starts to poaching . Already Google, Facebook is in a monopoly and could say majority of their money will be from India in near future. Shouldn't let that happen in future
mesmerised
😊👍
How many Bansal's did you see?
bharat pe
Where is zeta?
Hi Caleb,
If u required any helping hand for data analysis, i would love to work with u without any fee.
Hey Shashi, you can send us an email at backstagewithmillionaires@gmail.com. We can talk more about this there and do let us know how can you help and what are your expertise.
-Varun
Hello I am French and I have two online banks in Europe, as a Frenchman can I open an online bank In the United States or in India? And above all, how long does it take? Thank you Cyril
Not sure about the US, but for India, I believe you’ll need to visit India and spend some time here before you’re allowed to open an account - probably 180 days of the year is the minimum. Opening it while outside of India, online, won’t be possible I think. -Caleb
@@backstagewithmillionaires do you have online banking? in which country ?
I'm French and it's long and you need a lot of papers to open a bank in France, apparently in the United States it's also very complicated, there are banks who refuses you, especially for a stranger
For a European online bank you can open it in just half an hour and I was wondering if it's the same for online banks outside Europe
Billdesk is missing
Oops, thanks for the suggestion Dhiraj! In future videos we may add a "notable mentions" section to talk about companies that we weren't able to add to our top 10.
Please add subtitles if possible
Hey Omar, we plan on including subtitles in the future but it is a little difficult for us right now due to a small team size. Since a lot of people have asked for them, we will try to figure out a way soon. :)
-Varun
CRED has now joined the Unicorn Club.
Yes! 🙂 I sometimes go through our older videos and it amazes me how much has changed in the ecosystem in such a short time. -Caleb
VERY GOOD INFRMATIVE VIDEOS. I WAS SEARCHING FOR ONE OF YOUR VIDEO WAS ABOUT ZESTMONEY COULD YOU PLEASE WRITE ME WHICH VIDEOW TITLE WAS IT ?
Lazypay and PayU.
Why don't I see ads on your videos??
Are you using AdBlock?
@@backstagewithmillionaires I am watching on TH-cam app so no ad block.
Strange. We're not sure why you wouldn't be seeing ads, as we do have then enabled.
@@backstagewithmillionaires Hi Caleb, even I haven't noticed any Ads while watching your channel till date. Congrats to TH-cam for that!!
Technopine labs
What about BHIM App?
Hi Parihar, great question! The BHIM app was launched by NPCI, the National Payments Corporation of India, which is a Not for Profit Company created by the RBI and the Indian Banks' Association. In other words, it isn't a startup, so that's why we didn't include it in this list. But I would like to some day make a video about how and why the NPCI and specifically UPI were created, because they're really transforming the way Indians transact! -Caleb
@@backstagewithmillionaires Yup. In Oct 2020, India's UPI transactions worth ₹3.86 lakh crore or US$ 53 billion.
Did you release any new version of this video in 2021?
at the bottom right at the calendar is a photo of fidel castro 11:29 but why
Google pay is not there “Shocked “
Hi Rajat, we had considered including Google Pay in this list, but decided not to, as it isn't an Indian company - you are right though, Google Pay has made a huge impact on India.
so flipkart acquired by ?? walmart...
Modi hai to munkin hai🚩🚩
phonepe is not indian
In TDM Infrastructure Private Limited v UE Development India Private Limited, Arbitration Application No. 2 of 2008, the Supreme Court of India held that a company's nationality is determined primarily by its place of incorporation, and is not affected by the company's "central management and control" being located outside India. -Caleb
Why only India Startup shows china startup
Hey Karan,
It wouldn't make much sense to show Chinese startups after calling our video 'India's top 10 fintech startups'. Also, since we are all based in India, we know more about India and are more interested in Indian startups.
Do let us know, if you want us to cover something more about Indian startups that we haven't covered yet. We would love to do that.
-Varun
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