Indian startup space has seen a healthy increase in funding and innovation in the past few years. However, there is a serious dearth of capital to fuel the growth of tech companies.
Lack of venture capital funding and a hostile market have led many tech companies to shut down. Despite this, the Indian tech industry is growing at an exponential rate.
It’s not easy to find an ecosystem that is as progressive as the one in India. The country has come a long way in the past few years because of its digital transformation.
With this transformation, companies are now able to reach out directly to Indian customers with ease. This has led to a boom in the number of tech companies operating in the country.
Here we list the top 10 tech companies operating out of India, so if you’re looking for some new tech-savvy friends, look no further!
1. Flipkart
Flipkart is one of the biggest e-commerce companies in India and perhaps the world. Founded in 2007, it was started as an online bookstore. Since then, it has expanded its services and now counts as one of the world’s largest e-commerce companies.
The company is backed by investors like Accel Partners, eBay Inc., IEX, and Tiger Global. Flipkart is famous for its amazing offers and exclusive products. Over the years, it has grown from a single product store to a retail platform with over 100 million products and a customer base of over 16 million unified users.
2. Zomato
Zomato is an online restaurant discovery and food ordering service. It has grown to become one of the largest food ordering platforms in India. Founded in 2007 by Deepinder Goyal, the company was started as an online restaurant guide.
Over the years, it has expanded to offer a variety of services. Food ordering has been the big focus of the company, and it offers both the online and offline ordering services.
With over 67 million monthly users and offering over 3 million dishes, Zomato is all set to take the Indian food industry by storm.
3. Hero Corporate Services
Hero Corporate Services (HCS) is an IT services and solutions company based out of India. Founded in 2003, it has come a long way from its humble beginnings.
The company offers outsourcing services, digital transformation, and IT managed services. In a nutshell, it’s a one-stop shop for all your digital transformation needs. With offices in India and US, it’s also a top player in the outsourcing space. With more than 50,000 clients, including Fidelity, Vodafone, etc., HCS’s reach is pretty impressive.
4. Hello Cabs
Hello Cabs is an on-demand cab service founded in 2013 in the city of Bengaluru. It’s an autonomous app that helps connect passengers with cab drivers.
The app is currently available in Bengaluru, Mumbai, Delhi, Kolkata, and Chennai. It works on a commission model where the driver gets Rs 3 for every trip. The app is currently owned by RCom.
After the insolvency of RCom and the inclusion of Hello Cabs in the list of top 10 tech companies in India, the company has become a household name in the country.
5. Paytm
Paytm is a popular digital wallet service that is available across the country. It allows users to send and receive money using their mobile number.
The wallet service was started in 2010 by One97 Communication Pvt. Ltd. and is currently owned by the Alibaba Group. Currently, the company has over 300 million registered users and offers services across various categories like travel, food, shopping, health, etc. With its presence across more than 500 merchants, Paytm seems to be a firm favourite among the Indian consumers.
6. InMobi
InMobi is a mobile ad network that lets mobile apps monetize their content. Founded in 2009, the company currently has more than 2,000 clients, including Facebook, Shoutme, King, etc. InMobi’s ad network allows clients to monetize their content through pre-scheduled ads.
When an ad is played, the ad network pays the ad server and the app owner. Currently, the company has more than 2 billion ad impressions and 500,000 app installs per day.
7. Microsoft India Limited (MSIL)
Microsoft India Limited is one of the ten biggest tech companies in India. Founded in 1981, it operates as a subsidiary of the US-based company.
It’s a top player in the IT industry with presence in almost all segments like Enterprise, CyberSecurity, Cloud, Mobility, Embedded, etc.
Microsoft India Limited has hosted over 63,000 successful dev events, reached more than 14 million developers, and made more than 4 million apps available.
8. Google India Pvt. Ltd. (GIPL)
Google is one of the most visited websites in world and also one of the top 10 tech companies operating in India. Founded in 1998, it is currently owned by the US-based company Alphabet Inc.
Google is a leader in the internet sector and offers various online services, like search, mail, documents, maps, online video streaming, etc. The company has more than 1 billion monthly active users and is available in over 200 languages.
9. Amazon India Services Pvt. Ltd. (ASPSL)
Amazon is one of the most popular e-commerce websites in India. It’s an online retailer that sells a range of products, like books, electronics, fashion accessories, grocery items, etc.
The company was founded in 1995 and is currently owned by the US-based company. With more than 230 million products, Amazon is India’s top e-commerce website.
10. Snapdeal
Launched in 2008, this company has been an important part of the Indian e-commerce ecosystem. As the name suggests, the company sells products that are discounted or on sale. The products are delivered to the customer’s doorstep at a cost lesser than the original price.
The company has also introduced a platform for education, which allows the delivery of books, e-books and other study material for various courses. The platform is named as CampusMojo. In 2016, the company was acquired by Flipkart
Conclusion
While the list of top 10 tech companies in India is impressive, it’s important to remember that the list is only based on the presence of tech companies in India. India is known for its talent pool and the list certainly shows it.
The evolution of the digital economy in the country has been nothing short of impressive, and it’s set to change the way we interact with each other and companies in the country.
With the right guidance and support, the Indian tech industry can grow at a rapid pace, and these companies are certainly leading the way.