Here are the top 20 booming startups in India in 2023, according to LinkedIn

Venture funding, layoffs and executive turnover have been hit hard by Indian startups over the past year amid economic woes.

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However, despite all the gloom, the country’s space technology startup ecosystem has reached new heights, artificial intelligence-focused companies are attracting investor interest, and electric vehicle (EV) startups are powering green vehicles at India Inc.

According to LinkedIn’s sixth annual Best Startups list, 20 young companies across the country “have led the way through recent economic and business challenges and managed to stand out to investors and top talent along the way.”

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In compiling this list, LinkedIn measured startups based on four pillars: job growth, engagement, job interest, and attracting top talent. The methodological period runs from July 1, 2022 to June 30, 2023, LinkedIn said.

Fintech startups continued to dominate the “LinkedIn Top Start-ups 2023” list for India. This year, four fintech startups made the LinkedIn list: Ditto Insurance, Fi, Jar and StockGro. Edtech is another big industry in this year’s list with companies like GrowthSchool (10), Teachnook (13), and AccioJob (17).

According to LinkedIn, recruiting firms, think tanks, venture capital firms, law firms, management and IT consulting firms, nonprofit and philanthropic organizations, accelerators and entities public were excluded from the list. Additionally, startups that laid off 20% or more of their workforce based on company announcements or reliable public sources between July 1, 2022 and the launch of the list were also excluded from the list.

Here is the complete list of top Indian startups in 2023:

1. ZEPTO

Full-time workforce: 1400+
Headquarter: Bombay
Year of foundation: 2021
What theyre doing: Zepto is a fast shipping company delivering groceries and daily essentials across 10 cities in India. The Mumbai-based startup raised $200 million in August and became India’s first unicorn of 2023.

2. BluSmart

Full-time workforce: 620
Headquarter: Gurugram
Year of foundation: 2018
What theyre doing: BluSmart offers electric ride sharing services in Delhi NCR and Bengaluru with its fleet of 4,500 electric cars. Founded in 2019, the startup plans to expand this fleet to 10,000 cars by the end of this year and invest further in setting up electric chargers across India.

3. Ditto insurance

Full-time workforce: 250+
Headquarter: Bengaluru
Year of foundation: 2018
What theyre doing: Founded in 2018, this insurtech startup helps people compare plans, understand policies, and buy insurance through its online platform.

4. FM pocket

Full-time workforce: 480+
Headquarter: Bengaluru
Year of foundation: 2018
What theyre doing: Audio series platform Pocket FM offers audio entertainment across multiple genres and Indian languages through its content library of over 100,000 hours. Founded in 2018, the company says it has 80 million listeners worldwide.

5. Skyroot Aerospace

Full-time workforce: 260
Headquarter: Hyderabad
Year of foundation: 2018
What theyre doing: Skyroot Aerospace, based in Hyderabad, specializes in the design and construction of futuristic space launch vehicles. With its inaugural Prarambh mission, the startup in 2022 became the first private Indian company to launch a rocket into space.

6. GoKwik

Full-time workforce: 275
Headquarter: New Delhi
Year of foundation: 2020
What theyre doing: GoKwik provides data and technology-driven solutions for e-commerce and D2C brands to improve customer experience across the purchase funnel and increase conversion rates and revenue growth .

7.Fi

Full-time workforce: 400
Headquarter: Bengaluru
Year of foundation: 2019
What theyre doing: Fi is a financial app with a built-in savings account that also offers investment options in mutual funds and other financial services such as personal loans in partnership with regulated entities.

8. Sprint

Full-time workforce: 150+
Headquarter: Bengaluru
Year of foundation: 2019
What theyre doing: Sprinto automates information security compliances and privacy laws for software-as-a-service companies and helps monitor entity-level risks and controls.

9. Supersourcing

Full-time workforce: 120
Headquarter: India
Year of foundation: 2020
What theyre doing: Supersourcing is a B2B AI-powered platform for remote engineering recruitment and provides pre-screened developers to medium and small businesses, corporates and funded startups.

10. Growth School

Full-time workforce: 180
Headquarter: Bengaluru
Year of foundation: 2021
What theyre doing: GrowthSchool partners with instructors to create cohort courses on personal and professional growth topics such as marketing, design, and business.

11. Jar

Full-time workforce: 180+
Headquarter: Bengaluru
Year of foundation: 2021
What theyre doing: Jar is an automated gold savings app that allows users to save currency from their online transactions and invest it in digital gold, and also offers manual and daily, weekly or monthly. Launched in 2021, the app currently has over 1.5 crore users.

12. Travel

Full-time workforce: 70
Headquarter: Gurugram
Year of foundation: 2019
What theyre doing: Shyft, formerly known as Mindhouse, is a wellness and life management and tracking platform that offers health, yoga, nutrition, and dermatology programs.

13. Learning Corner

Full-time workforce: 130+
Headquarter: Bengaluru
Year of foundation: 2021
What theyre doing: Online learning platform Teachnook offers students curated programs to help them upskill in topics such as Web3, Augmented Reality/Virtual Reality, Business Development and Performance Marketing.

14. StockGro

Full-time workforce: 60+
Headquarter: Bengaluru
Year of foundation: 2020
What theyre doing: StockGro aims to educate young investors about trading and investing. It allows users to develop their trading skills in a simulated environment, follow leading experts and investors, and also provides investment recommendations and portfolio management solutions.

15. Energy Exhibitor

Full-time workforce: 185
Headquarter: Bengaluru
Year of foundation: 2020
What theyre doing: This startup’s mission is to simplify energy for electric vehicles (EV) and offers a 15-minute fast charging solution for EVs.

16 hours

Full-time workforce: 100
Headquarter: Gurugram
Year of foundation: 2019
What theyre doing: Focused exclusively on millennials and working professionals, Housr offers luxury co-living and accommodation solutions across five Indian cities and over 75 properties.

17. AccioJob

Full-time workforce: 190
Headquarter: Gurugram
Year of foundation: 2018
What theyre doing: Led by IIT Delhi alumni, edtech startup AccioJob offers courses in full-stack web development and data analytics

18. TravClan

Full-time workforce: 190+
Headquarter: New Delhi
Year of foundation: 2019
What theyre doing: TravClan is a B2B platform providing business solutions to travel agencies, including flight and hotel bookings, travel websites, payment gateways and marketing materials.

19. DotPe

Full-time workforce: 450+
Headquarter: Gurugram
Year of foundation: 2019
What theyre doing: DotPe offers business solutions for omnichannel selling that include POS, e-commerce website, QR, payments and delivery. It offers a complete food technology offering to companies in the agri-food sector.

20. Fasal

Full-time workforce: 170*
Headquarter: Bengaluru
Year of foundation: 2018
What theyre doing: Fasal is a comprehensive platform for horticulture agriculture, which started with the mission to remove uncertainties from agriculture. Through its AI-powered platform, the company provides farmers with actionable advice specific to their farm, crop and crop stage; and helps them reduce the cost of cultivation and increase quality and yield.

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Here are the top 20 booming startups in India in 2023, according to LinkedIn