Cred, upGrad, Groww top 3 startups in India: LinkedIn

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Credit card invoice cost platform Cred, led by Kunal Shah with a market valuation of $6.4 billion, reached top place on the LinkedIn’s ‘Top Startups’ listing, from the third spot in 2021, the skilled networking platform stated on Wednesday.

Higher on-line schooling platform upGrad, run by Ronnie Screwvala, was on the second place and Lalit Keshre’s homegrown on-line funding platform Groww was third on the annual listing.

Satya Nadella, Chairman and CEO of Microsoft, lately joined Groww as an investor and advisor.

“The Indian startup ecosystem displays great resilience as we continue to see the rise of new startups with 68 per cent of entrants on the list appearing for the first time,” stated Nirajita Banerjee, Managing Editor at LinkedIn News India.

It’s additionally nice to see younger professionals embrace India’s startup ecosystem, “with 56 per cent of all hires in the top 25 startups being aged below 30, and 17 per cent aged below 25, at the time of joining,” she added.

To put together this 12 months’s listing, LinkedIn checked out platform information from July 2021 to June 2022 throughout 4 pillars — worker progress, jobseeker curiosity, member engagement inside the firm and its workers, and the way properly these startups pulled expertise from its flagship aLinkedIn Top Companies’ listing.

The listing additionally options new entrants, together with e-grocery firm Zepto (at 4th spot), full-stack automobile shopping for platform Spinny (seventh), and insurtech startup Ditto Insurance (twelfth).

Fitness platform Ultrahuman and natural meals market Living Food additionally debuted on this 12 months’s listing.

With 13 out of the top 25 startups primarily based out of Bengaluru, the town affirms its status because the aSilicon Valley of India’.

Other startups on the listing are Skyroot Aerospace, MBA Chai Wala, BluSmart, ShareChat, Rapido, AgniKul Cosmos, Pocket FM and Zypp Electric, amongst others, in response to LinkedIn.

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