1.Razorpay:
Description: Razorpay is a Bengaluru-based fintech company that provides payment solutions for businesses in India.
Founders: Harshil Mathur and Shashank Kumar founded Razorpay in 2014.
Services: It offers a wide range of payment products, including payment gateway, payment links, recurring payments, and more.
Funding: Razorpay has raised funding from investors like Sequoia Capital, Tiger Global Management, and others.
| Aspect | Details |
|---|---|
| Founded | 2014 |
| Founders | Shashank Kumar, Harshil Mathur |
| Headquarters | Bangalore, India |
| Core Services | Payment gateway, subscriptions, invoicing, instant settlements |
| Valuation | $7.5 billion (as of latest funding round in 2021) |
| Key Investors | Sequoia Capital, Tiger Global Management, Ribbit Capital |
Razorpay is known for its comprehensive suite of payment solutions tailored to meet the needs of businesses and startups.
Founded in 2014 by Shashank Kumar and Harshil Mathur, Razorpay is a comprehensive payment solution platform offering services such as payment gateway, subscriptions, invoicing, and instant settlements for businesses.
Also Read:top 10 healthtech startups in India
2.PolicyBazaar:
Description: PolicyBazaar is India’s largest online insurance marketplace, providing a platform for users to compare and purchase various insurance products.
Founders: Yashish Dahiya, Alok Bansal, and Avaneesh Nirjar founded PolicyBazaar in 2008.
Services: It offers a wide range of insurance products including health insurance, life insurance, motor insurance, and more.
Funding: PolicyBazaar has raised significant funding from investors like SoftBank, Tencent, and InfoEdge.
| Aspect | Details |
|---|---|
| Founded | 2008 |
| Founders | Yashish Dahiya, Alok Bansal, Avaneesh Nirjar |
| Headquarters | Gurgaon, Haryana, India |
| Core Services | Online insurance comparison and purchasing platform |
| Funding Raised | $674 million |
| Key Investors | SoftBank, Info Edge, Temasek, Tiger Global |
PolicyBazaar is recognized as India’s leading digital insurance marketplace, offering a wide range of insurance products from top insurers.
Established in 2008, PolicyBazaar is an online insurance aggregator that provides a wide range of insurance policies including health, life, and vehicle insurance. The platform simplifies insurance comparison and purchasing.
Also Read:top 10 fintech startups in inida
3.PhonePe:
Description: PhonePe is a digital payments platform and financial technology company headquartered in Bangalore, India.
Founders: Sameer Nigam and Rahul Chari founded PhonePe in December 2015.
Services: It provides services like UPI-based payments, money transfers, bill payments, recharges, and more.
Acquisition: PhonePe was acquired by Flipkart, an e-commerce company, in 2016.
| Aspect | Details |
|---|---|
| Founded | 2015 |
| Founders | Sameer Nigam, Rahul Chari, Burzin Engineer |
| Headquarters | Bangalore, Karnataka, India |
| Core Services | Digital payments, money transfers, bill payments, recharges, investments |
| Funding Raised | $1.01 billion |
| Key Investors | Walmart, Tencent, Tiger Global Management |
PhonePe is a leading digital payments platform in India with a vast user base and a wide array of financial services.
Launched in 2015 by Sameer Nigam, Rahul Chari, and Burzin Engineer, PhonePe is a digital payments platform offering services like money transfers, bill payments, recharges, and investments. It has over 280 million registered users.
Also Read:top 10 agritech startups in india
4.Cred:
Description: Cred is a credit card management platform that rewards users for paying their credit card bills on time.
Founder: Kunal Shah founded Cred in 2018.
Services: It allows users to manage multiple credit cards, track expenses, and earn rewards and discounts for bill payments.
Funding: Cred has raised funding from investors like Sequoia Capital, Ribbit Capital, and others.
| Aspect | Details |
|---|---|
| Founded | 2018 |
| Founder | Kunal Shah |
| Headquarters | Bangalore, Karnataka, India |
| Core Services | Credit card bill payment rewards, personal finance management |
| Valuation | $4.01 billion (as of latest funding round in 2021) |
| Key Investors | Sequoia Capital, Tiger Global Management, Ribbit Capital |
Cred is known for incentivizing timely credit card bill payments with a range of rewards and benefits, and is expanding into broader personal finance services.
Founded by Kunal Shah in 2018, Cred rewards users for paying their credit card bills on time. It offers a range of rewards and is also expanding into personal finance management.
Also Read:top 10 cleantech startups in india
5.Groww:
Description: Groww is an online investment platform that allows users to invest in mutual funds, stocks, and other financial products.
Founders: Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal founded Groww in 2017.
Services: It offers a user-friendly platform for investing in various financial instruments with zero commission fees.
Funding: Groww has raised funding from investors like Sequoia Capital, Ribbit Capital, and others.
| Aspect | Details |
|---|---|
| Founded | 2016 |
| Founders | Lalit Keshre, Harsh Jain, Neeraj Singh, Ishan Bansal |
| Headquarters | Bangalore, Karnataka, India |
| Core Services | Investment platform for mutual funds, stocks, ETFs, IPOs |
| Valuation | $3 billion (as of latest funding round in 2021) |
| Key Investors | Sequoia Capital, Tiger Global Management, Ribbit Capital, Y Combinator |
Groww is an online investment platform that allows users to invest in various financial instruments with a user-friendly interface.
This investment platform, founded in 2016, allows users to invest in mutual funds, stocks, ETFs, and IPOs with a user-friendly interface.
Also Read:top 10 insurtech startups in India
6.Lendingkart:
Description: Lendingkart is a fintech company that provides working capital loans and other financial products to small and medium-sized enterprises (SMEs) in India.
Founders: Harshvardhan Lunia and Mukul Sachan founded Lendingkart in 2014.
Services: It offers quick and hassle-free loans to SMEs through its online platform, leveraging technology for credit assessment.
Funding: Lendingkart has raised funding from investors like Fullerton Financial Holdings, Bertelsmann India Investments, and others.
| Aspect | Details |
|---|---|
| Founded | 2014 |
| Founders | Harshvardhan Lunia, Mukul Sachan |
| Headquarters | Ahmedabad, Gujarat, India |
| Core Services | Providing working capital loans to small and medium enterprises (SMEs) |
| Valuation | $1 billion (approx., as of latest funding rounds) |
| Key Investors | Fullerton Financial Holdings, Bertelsmann India Investments, Saama Capital, India Quotient |
Lendingkart leverages technology and analytics to provide quick and efficient loans to SMEs, supporting their growth and financial needs.
Established in 2014, Lendingkart focuses on providing working capital loans to small and medium enterprises (SMEs) using a data-driven approach for credit evaluation.
Also Read:top 10 legaltech startups in India
7.MoneyTap:
Description: MoneyTap is a Bengaluru-based fintech startup that offers a line of credit to consumers through its mobile app.
Founders: Anuj Kacker, Bala Parthasarathy, and Kunal Varma founded MoneyTap in 2015.
Services: It provides instant personal loans to users, allowing them to borrow money as per their requirements.
Partnership: MoneyTap has partnered with various banks and financial institutions to offer its line of credit services.
| Aspect | Details |
|---|---|
| Founded | 2016 |
| Founders | Bala Parthasarathy, Kunal Varma, Anuj Kacker |
| Headquarters | Bangalore, Karnataka, India |
| Core Services | Instant personal loans, line of credit |
| Valuation | Not publicly disclosed |
| Key Investors | Sequoia Capital India, New Enterprise Associates (NEA), Prime Venture Partners |
MoneyTap offers a flexible line of credit to users, providing instant personal loans with a user-friendly app targeting underserved customers in Tier 2 and Tier 3 cities.
Launched in 2016, MoneyTap offers instant personal loans through a flexible line of credit, targeting underserved customers in Tier 2 and Tier 3 cities.
Also Read:top 10 govtech stratups in India
8.KreditBee:
Description: KreditBee is a digital lending platform that offers short-term personal loans to salaried individuals in India.
Founders: Madhusudan Ekambaram founded KreditBee in 2018.
Services: It provides small-ticket loans ranging from a few thousand rupees to a few lakhs, with a quick and paperless application process.
Funding: KreditBee has raised funding from investors like Azim Premji’s PremjiInvest, and others.
| Aspect | Details |
|---|---|
| Founded | 2018 |
| Founders | Madhusudan Ekambaram, Karthikeyan Krishnaswamy, and Wan Hong |
| Headquarters | Bangalore, Karnataka, India |
| Core Services | Instant personal loans, credit line, EMI loans |
| Valuation | Over $700 million (as of 2021) |
| Key Investors | Premji Invest, Mirae Asset, Alpine Capital, Arkam Ventures |
KreditBee provides quick and convenient personal loans to salaried and self-employed individuals through its user-friendly app, offering flexible repayment option.
Founded in 2018, KreditBee provides instant personal loans to salaried and self-employed individuals with quick approval and disbursement processes.
Also Read:top 10 retailtech stratups in India
9.Clear (formerly ClearTax):
Description: Clear (formerly ClearTax) is a fintech company that offers online tax filing services, GST compliance solutions, and investment-related services.
Founders: Archit Gupta, Ankit Solanki, and Srivatsan Chari founded ClearTax in 2011.
Services: It provides individuals and businesses with tools and platforms to file their taxes online, manage GST compliance, and invest in mutual funds and other financial instruments.
Funding: Clear has raised funding from investors like Y Combinator, Sequoia Capital, and others.
| Aspect | Details |
|---|---|
| Founded | 2011 |
| Founders | Archit Gupta, Ankit Solanki, Srivatsan Chari |
| Headquarters | Bangalore, Karnataka, India |
| Core Services | Tax filing for individuals and businesses, GST, TDS return filing, e-invoicing |
| Valuation | Approximately $700 million (as of latest funding round) |
| Key Investors | Y Combinator, Sequoia Capital India, Composite Capital, Founders Fund |
Clear offers a comprehensive suite of financial solutions including income tax filing, GST compliance, and investment management, serving millions of users across India.
Clear simplifies tax filing for individuals and businesses, offering services like ITR filing, GST, and investment management.
Also Read:top 10 proptech startups in India
10.Turtlemint:
Description: Turtlemint is an online insurance marketplace that helps users compare and purchase various insurance products.
Founders: Dhirendra Mahyavanshi and Anand Prabhudesai founded Turtlemint in 2015.
Services: It offers a platform for users to buy health insurance, life insurance, motor insurance, and other types of insurance policies from leading insurance companies.
Partnerships: Turtlemint has partnered with several insurance providers to offer a wide range of insurance products to its customers.
| Aspect | Description |
|---|---|
| Name | Turtlemint |
| Type | Insurtech Startup |
| Founders | Dhirendra Mahyavanshi, Anand Prabhudesai |
| Founded | 2015 |
| Headquarters | Mumbai, India |
| Services | Online insurance marketplace, distribution |
This insurance platform, founded in 2015, connects customers with insurance advisors to help them choose the best insurance plans. It has onboarded over 45 insurance companies and serves millions of customers across India.
These startups are driving innovation in India’s fintech space, offering diverse solutions ranging from digital payments and lending to insurance and investment management.
Also Read:top 10 foodtech stratups in India
(FAQs) along with their answers for each of the mentioned startups:
1.Razorpay:
Q: What payment options does Razorpay support?
A: Razorpay supports various payment options including credit/debit cards, net banking, UPI, wallets, and more.
Q: Is Razorpay safe to use for online transactions?
A: Yes, Razorpay employs robust security measures to ensure safe and secure online transactions for both businesses and customers.
2.PolicyBazaar:
Q: Can I purchase insurance policies directly through PolicyBazaar?
A: Yes, PolicyBazaar provides a platform where users can compare and purchase insurance policies directly from insurance providers.
Q: Is it free to use PolicyBazaar’s services?
A: Yes, PolicyBazaar’s services are free for users. The platform earns revenue through commissions from insurance providers.
3.PhonePe:
Q: How does PhonePe ensure the security of transactions?
A: PhonePe uses industry-standard encryption and security protocols to safeguard user transactions and personal information.
Q: Can I transfer money internationally using PhonePe?
A: No, PhonePe currently supports only domestic money transfers within India.
4.Cred:
Q: What are Cred coins?
A: Cred coins are rewards points that users earn for paying their credit card bills on time. These coins can be redeemed for various rewards and discounts.
Q: Is Cred available for all credit card users?
A: No, Cred is currently available only for select credit card users. Users need to meet certain eligibility criteria to join Cred.
5.Groww:
Q: Does Groww charge any fees for investing?
A: Groww does not charge any commission fees for mutual fund investments. However, there may be expense ratios associated with the mutual funds.
Q: Can I invest in stocks through Groww?
A: Yes, Groww allows users to invest in stocks through its platform.
6.Lendingkart:
Q: What types of loans does Lendingkart offer?
A: Lendingkart offers working capital loans, term loans, and other financial products for small and medium-sized enterprises (SMEs).
Q: How quickly can I get a loan approval from Lendingkart?
A: Lendingkart provides quick loan approvals, often within a few days of application, thanks to its technology-driven credit assessment process.
7.MoneyTap:
Q: How does MoneyTap determine my credit limit?
A: MoneyTap evaluates various factors including credit score, income, and repayment history to determine the credit limit for users.
Q: Can I use MoneyTap for making online purchases?
A: Yes, MoneyTap provides users with a virtual credit card that can be used for online transactions.
8.KreditBee:
Q: What is the maximum loan amount I can get from KreditBee?
A: The maximum loan amount depends on various factors including income, creditworthiness, and loan tenure.
Q: How quickly can I receive the loan amount from KreditBee?
A: KreditBee offers instant loan approvals, and once approved, the loan amount is disbursed within a few hours.
9.Clear (formerly ClearTax):
Q: Can I file my income tax returns online through Clear?
A: Yes, Clear offers an easy-to-use platform for individuals to file their income tax returns online.
Q: Does Clear provide assistance with GST compliance for businesses?
A: Yes, Clear offers GST compliance solutions for businesses including GST registration, return filing, and reconciliation services.
10.Turtlemint:
Q: Can I renew my existing insurance policies through Turtlemint?
A: Yes, Turtlemint provides a platform for users to renew their existing insurance policies conveniently.
Q: How does Turtlemint help me choose the right insurance policy?
A: Turtlemint offers tools and resources to help users compare different insurance policies and choose the one that best suits their needs and budget.
Also Read:
top 10 healthtech startups in India
top 10 fintech startups in inida
top 10 agritech startups in india
top 10 cleantech startups in india
top 10 insurtech startups in India
top 10 legaltech startups in India
top 10 govtech stratups in India
top 10 retailtech stratups in India
top 10 proptech startups in India
