India’s economy has been growing at a tremendous pace for the past 14 years. From 1997 to date, the average economic growth rate for the country has been 7 percent.
The millions of people lifted out of poverty and the new age entrepreneurs who have established startups that have conquered the world is evidence of what a country can achieve when all the systems are working right. The number of startups in India spans different economic sectors from banking, to technology, to agriculture and community-based enterprises.
Look at India’s “Silicon Valley” reveals promising startups that any Indian would want to work for.
This is a mobile ad platform founded in 2011 by Anurag Dod. Funded by Sequoia Capital, this mobile ad platform attracts about 2.5 billion impressions per month.
[Tweet “AdIQuity, it is the first real-time bidding platform in Asia”]
This makes it a perfect middleman between publishers and advertisers just like DoubleClick does in the United States. According to the founders of AdIQuity, it is the first real-time bidding platform in Asia.
This startup has a goal to modernize the vast agricultural sector in India. It was founded in 2009 by Venkat Subramanian on the supply chain platform concept. EFarm helps in solving logistical issues facing the agricultural sector in India by making inventory and supply chains easier to access and manage.
The reason why EFarm is huge, is because half of India’s working population depends directly on the agricultural sector according to the World Factbook. This startup was funded by Mumbai Angels.
Founded by Phanindra Sama in August 2006, Redbus is focused on offering bus travel services across India which is the second most populous country in the world.
The concept upon which Redbus is founded is simply travel booking. The reason Redbus makes up one of the top 10 startups is the fact that India has an emerging middleclass who find online travel booking particularly convenient and exciting.
It was funded by Helion Venture Partners.
This is a mobile ad network founded in 2007 by Naveen Tewari. Latest data reveal that the company has serviced over 60 billion impressions and has access to over 345 million customers in more than 165 countries in the world.
Its founders classify it as the largest independent mobile ad network in the world. It was funded from a number of sources which include SoftBank Capital, Sherpalo Ventures, Kleiner Perkins Caufield & Byers.
This is a hiring startup targeting small businesses. It was founded in 2008 by Raj Sheth, Raghuveer Kancherla and Girish Redekar.
This startup which is self-funded has positioned itself in a niche where small businesses find its services valuable.
With limited cash flows, small businesses find it difficult to manage incoming resumes as well as oversee correspondents with potential employees.
Recruiterbox makes this simple through a web-based application which has already been used by Levis India and Groupon China.
This is a company providing customer support for other businesses. Based on the concept of customer support software, FreshDesk was founded in 2010 by Shan Krishnasamy and Girish Mathrubootham. Over the years, the startup has been able to market its brand as an accessible and affordable customer support solution.
So far, it has managed to penetrate a rather competitive market with its cloud-based service which is appealing to many buyers of support software.
Amagi is in the business of localizing TV ad space. Founded in 2008, the company is one of the early players in this market which is considered underdeveloped. Based on the market forecasts, the local television advertising space in India is set to grow to about $993 million by 2015.
This provides a healthy plate for the founders of Amagi; Srividhya S, Baskar S and K.A. Srinivasan to dig into. It was funded exclusively by Anand Nadathur and N.S. Raghavan.
This startup aims to make content much easier to consume. Funded by Mumbai Angels and Accel Partners, Mobstac opened its doors in 2009 through its founders, Ravi Pratap and Sharat Potharaju.
The company makes content mobile-ready for tablets and Smartphones by providing analytics and access to the top ad markets.
The investors see Mobstac as one of the dominant global players involved in getting publisher content mobile ready without interfering with user experience.
The company has managed to bring on board 180,000 users on its platform who are in dire need of simple banking services. It has also secured backing from some of the top state-owned banks in India.
It has a vibrant money transfer system. It was funded by 4B Capital, Creating Investmentsand the Consultative Group To Assist The Poor.
In 2011 alone, Snapdeal managed to raise $52 million. Based on the concept of daily deals, this startup was founded in 2010 by Kunal Bahl.
The reason Snapdeal is an atatrctive place to work in is it has a competitive edge over Groupon India, its rival and may soon be a dorminant player in the industry.
[Tweet “Its user base has grown to 8 million from just a million six months earlier”]
Its user base has grown to 8 million from just a million six months earlier. The company has impressive expansion plans meaning growth for the workforce.
With many startups coming up, India will undoubtedly provide lots of employment opportunities both locally and intentionally.