Top 10 Most Profitable Startups in India
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- Опубліковано 17 чер 2024
- In today’s video, we will look at top 10 most profitable Indian startups.
00:00 Introduction
00:53 #10 Wakefit
01:58 #9 Lenskart
02:52 #8 Cashfree
03:56 #7 BrowserStack
05:15 #6 Aye Finance
06:21 #5 Lendingkart
06:56 #4 OfBusiness
08:19 #3 CarTrade
09:12 #2 Boat Lifestyle
10:30 Honorable Mentions
12:46 Zerodha
#10 Wakefit: Founded by Chaitanya Ramalingegowda and Ankit Garg in 2015, Wakefit started selling mattresses online and were already making a profit within six months of operations. Today, this D2C mattress startup is selling 1,500 mattresses to their 500,000 customers every day - raking in a revenue of $26.5 million and making a profit of $1.3 million in FY20.
#9 Lenskart: Founded by Peyush Bansal in 2010, Lenskart offers an omnichannel platform for selling eyewear and lenses through their online platform and offline stores. The company has been investing heavily in setting up new physical stores - taking the number of offline stores to over 750. This is why the startup took a decade to reach profitability. In FY20, Lenskart made a revenue of $130 million with a profit of $2.4 million.
#8 Cashfree: Cashfree is a digital payments gateway platform that offers more than 100 payment methods to over 50,000 businesses around the world with a team of just 130 employees. Their ability to stay lean has not only enabled them to scale but also remain profitable from the get-go. Their profit increased 14X from just $190,000 in FY18 to $2.6 million in FY20.
#7 BrowserStack: India’s most valuable SaaS startup BrowserStack enables developers to test their apps remotely using their cross-browser testing platform that has more than 2,000 devices and is being used by over 50,000 businesses across the world. The company has been profitable since day one and they did that by never spending a single penny on marketing and investing all their earnings back into the company to build better products for their customers. In FY20, BrowserStack raked in a profit of $3.8 million.
#6 Aye Finance: SME lending startup Aye Finance has been profitable for the last three consecutive years and has disbursed loans worth more than $538 million to more than 200,000 small businesses. Aye Finance’s profits have increased to $5.3 million in FY20.
#5 Lendingkart: Founded in 2014, Lendingkart has disbursed loans worth $741 million to more than 100,000 small businesses. This fintech startup first achieved profitability in FY19 and their profits stand at $5.6 million in FY20.
#4 OfBusiness: B2B e-commerce and lending startup OfBusiness uses purchase financing - providing businesses with a loan that they can use to purchase raw materials from their e-commerce platform. The company saw huge losses at the beginning as the profits from interests hadn’t come in yet. But once those profits starting coming in, OfBusiness started making money and they are now on their way to becoming a unicorn. Their profits jumped 73X from just $150,000 in FY18 to a healthy $80 million in FY20.
#3 CarTrade: Founded in 2009, CarTrade is the only profitable online used car marketplace. This decade-old startup has already filed for an IPO and is expected to hit the stock markets soon. The company significantly decreased its losses from $20 million in FY16 to just $2 million in FY17. They first turned profitable in FY18 and they did this through internal restructuring, key acquisitions and cost-cutting measures. Today (FY20), they are making a healthy profit of $11.5 million.
#2 Boat Lifestyle: Indian consumer technology startup Boat started in 2016 by selling charging cables and were able to hit profitability within the first year as the market was flooded with Chinese smartphones. Next, the company started launching more products like earphones, headphones and smartwatches with quality and affordability in mind to target value-minded Indian consumers. This strategy only accelerated their growth. Boat’s profit’s increased by 30X from just $225,000 to $6.6 million in FY20.
#1 Zerodha: India’s largest stockbroking platform started in 2010 with the goal of making investing in stocks painless and simple. Zerodha has managed to change the entire stock trading industry single-handedly and they did it without even raising any external funding or marketing their product. Today, Zerodha charges just Rs 20 (or 0.03% as commission - whichever is lower) from their customer for every intraday trade. Thanks to that, Zerodha earned a solid $135 million in profits in FY21.
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CORRECTION: At 01:54, we have incorrectly mentioned Wakefit’s revenue as their profit - their *actual profit is $1.3 million, while $26.5 million is their revenue.*
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Cashfree's Profitability Story (July 2020): entrackr.com/2020/07/payment-gateway-cashfree-consistently-clocks-profits/
Cashfree's website: www.cashfree.com/
where is the cash free thing you said about at 3:19 ?
@@iky__ Hi DarkWarrior, thanks for reminding us! With so many things to do before a video goes live, we forgot to add this. It is there now. -Caleb
What about a video on Quizziz.
Their 0 marketing budget with such a large user base is amazing.
@@backstagewithmillionaires Np it happens when in a very busy schedule.
Make video on top Drone manufacturers and top 30 defence manufacturers in India
boAt is really amazing. I knew its making huge profits but never knew it was Indian lol
It uses almost all chinese manufactured products. So I don't think even being Indian it's worthy.
boAt is actually in the process of shifting a majority of its manufacturing from China to India, thanks to the GOI's proposed product linked incentive (PLI) scheme for wearable makers. In Jan of 2021, they raised $100 million investment from Warburg Pincus and are using the capital to make this happen. -Caleb
@@backstagewithmillionaires That's good news :)
Boat , Boult, mivi, noise all are indian brands
boat is next micromax but will survive because there is no incentive for chinese to go full power in so low profit products
Man seriously Zerodha was Revolutionary in India Stock Market Investments. If people knew Brokerages were high, a lot of people wouldn't have Entered the Stock Market
we value your and BWM's team's hard work. Not a single second of it is boring for a startup culture lover. You keep doing the work, and we will keep supporting it. Thank you
You have no idea how much your channel benefits & how AMAZING it is...
Keep the work BWM team 💪💪
Most of the profitable startups are making products or lending one that's what I learned from this video
Kudos to you BWM
Thanks for the list , I was looking for kinda list for some time and finally got one thanks for the hard work.😉
So glad we were able to provide you with the list you've been searching for Carbon Ur buddy! 🙂 -Caleb
Man the research that goes into these videos is truly amazing. Always have a good time watching your videos. Keep it up Caleb and the BWM team. Stay safe.....
Thank you SV5! 😁 So happy to know you're enjoying our videos, and that you appreciate the efforts that we're putting. -Caleb
Great Job. It is heartening to see that there are profitable startups. Normally you come across the loss making ones. Could you provide some stats in your next video about the success and failures of these startups over the last 5 years. Thanks
No problem bro, the videos are really great. Jus continue what your doing now. All the best for the future growth!!!
Again another awesome content. Hats off to your dedication to memorise and practice those sentences so many times.
Thank you Revolutionary Teachers, these videos are certainly difficult to make, but seeing so many amazing comments from people like yourself makes it all worthwhile in the end 🙂 -Caleb
Great work brother kudos to you! Keep going... ❤️
Awesome content brother, thanks for putting in all the hard work.
Thank you Santosh 😁 glad the hard work is appreciated. -Caleb
Just the video i was looking for!!💯🙏
wonderful!
Thanks Vansh 🙂 -Caleb
Brilliant Stuff, loved it!
This is the most amazing and informative video I have ever seen on UA-cam. You guys are killing it. Keep posting these videos. I would love to share with my friends and groups. Please let me know how I can help you more.
Thank you for the kind words Vyom, and for the effort you're putting to help us! 🙂 Initiating interesting discussions in the comments (much easier said than done haha) is one thing that helps us grow. We've noticed that the videos with multiple big comment threads tend to perform the best - the more engagement and views we get, the faster BwM will grow! -Caleb
@@backstagewithmillionaires All the best to you guys.
Your vids are soo educational man.
The work you guys are doing is soo worthy.
I wish you growth and more success.
Hey Sumith, thank you for such kind words. It's great seeing you in the comments every week. :)
I am hoping we can all grow together as a community.
-Varun
I am really liking this guys video, I really hope he starts doing detailed videos on more Indian startups.
Thank you for bringing such amazing content.Although we miss your case studies.
Caleb, we enjoy your presentation, content. Its never like feeling boring.... We can keep listening you 😊
Awesome! Thank you Satyaketu Sanjay - Vansh (video editor)
Glad to hear that Satyaketu 🙂 then I'll keep making videos as I have been! Thanks. -Caleb
Really liked it.. well researched video... Quality is impressive.. keep doing it...
Hello Caleb! Just found your Channel, and it's like I've found a hidden treasure chest. What a wonderful Channel to gain knowledge about Indian Entrepreneur world and all the companies. All the interviews with the Entrepreneurs and CEOs are just gold and you get to learn so much from your wonderfully curated interviews. Just WOW!!! Keep up the amazing work Caleb. I don't see any other Channel anywhere near you. Love your videos my friend!
Wow A S O, so glad you discovered our channel! 😁 That is what Prithvi and I always hoped people would think when they found out channel in the future - when we filmed those interviews, we were getting almost no views, maybe a few hundred here and there, but we would always tell ourselves that we weren't doing it for today, we were doing it so that future viewers could look back and learn from those interviews. And now that is happening! 🙂 Thanks for the encouragement, and please stick around for more interviews - we have big plans for when the pandemic has dissipated and people are willing to come on to do in-person interviews again. -Caleb
@@backstagewithmillionaires I'm not just sticking around, I'm hugging your channel like those Koalas hug the trees! LOL. I'm on a Binge Streak of Backstage With Millionaires right now. I've got into this loop and unable to find a way out, which I don't want to if you ask me haha. Keep up the Godly work Caleb! You'll find my comments on every video now LOL!
Absolutely brilliant!
Caleb is one of the best presentors on UA-cam !
Lot to learn from his way of speaking!
Wow Ankur, thank you for saying that 🥲 super happy to know that you enjoy my presentation style, and are enjoying our videos. -Caleb
we love your channel keep making these kind of videos
and thanks for starting a channel like this
Thank _you_ Pankaj, for the encouraging comment and for watching our video 🙂 will definitely continue to make such videos. -Caleb
Great one...really appreciate the effort...cheers...you are the best ❤️
You do an amazing job Caleb, cheers.
You are good man. This sort of research and video editing require a lot of work. Great Job. I love your channel.
Yes I did enjoy the content you are providing. You definitely have put lot of effort. I can see your tired eyes haha ..which really shows the hard work you have undergone to make this video ! So yeah I want to acknowledge your efforts ! Keep up buddy ! We expect a lot of more videos from you ! Kudos to the whole team 👏
The research that you guys go through for your videos is commendable! Caleb and the entire BWM team. So when are you guys planning on going IPO. 😜
Nice video caleb 👍 appreciate your hardwork good job
Thanks a lot Tribe! Glad you're enjoying our videos. -Caleb
I loved it, we all keep our ppt in front during our presentation :)
I am loving your content. I appreciate the effort that goes into the research and video making
Thank you, Harshith :)
-Varun
❤️Loved the content and the way you deliver it... Such a premium content.. Thank you..
Loved it, really appreciated your work, keep enlightening us man.
Thanks Amartya! Glad you enjoyed the video, will surely continue to make more, so stay tuned! 🙂 -Caleb
Your video is amazing...
I appreciate your efforts Caleb bro😌✌🏼
I am glad to found this channel❤️just amazing✨
The best UA-cam channel for Startups and entrepreneurs ❤️❤️
Awesome stuff BWM..keep up the great work
Superb video! No complaints!! Not boring at all
kudos to the team. keep making great videos!
hey boss,
you are not boring. you are explaining India startup company which sometimes we do no know, we all love u
Great research ..and good concept. Making...
Wowbro ...your videos are awesome knowledge able
Your content is great, no complaints at all. Atleast for now. 😁👍Awesome
I am very much delighted see people of foreign national intrested so much in indian economy
You are doing great work bro..keep going.
Recently came across ur channel, it's getting additives day by day 🤔
Very informative video , it brings so much information.. u all work so hard. Thank you .. Amin
Thanks a lot Ami! 😁 Really appreciate the encouraging words. -Caleb
Really Helpful and Informative........Thanks.......!!!!!!!!!!!!!!!!!!!!
Your work is amazing keep going your hardwork worth it
Keep growing ❤️
Support your efforts 🙏🏼
This format is pretty good Caleb!
Appreciate your research and hard work. Take care of your health brother.
Thanks Shanmon 🙏🏻 health is always #1 - without good health, nothing else goes smoothly 🙂 -Caleb
Yor hardworks pays. We are getting valuable info and wishing all the best👍💯
You make great informative videos, keep up the good work. Just though to mention that you might want to invest in a mini teleprompter. It will drastically cut down your recording time so you can read off the prompter while recording. There should be something to go with your phone or camera to maintain eye contact.
Amazing as always🥳👍💥
awesome..keep it up buddy
Your videos are never boring, your content is priceless bro, Thank you so much for doing this😊
Such an informative n mind blowing information.
Thank you for covering the indian startup scene
Really awesome 👍 informative please make a video on Indian innovative startups n also Indian overseas startup..
Thank you for sharing this!
When you know the Zoho story and feel proud to be indian 🇮🇳❤️
Great work man!!👍🏻
Thank you Vinit! 🙏🏻🙂 -Caleb
Amazing ,Great video 💖💖💖
This man is brilliant
Thank you Pravesh 😁 -Caleb
I love u brother...best information I get from your show
Good stuff man... Kudos
Most valuable start up content award goes to you bwm ☺😊
You are just awesome.. big fan.. may you and your team soar new heights this year 💪🏻👍🏻
Thank you so much Shalin - Vansh (video editor)
You guys are awesome. Love your episodes :)
Thank you, Lalit :)
-Varun
Superb content🥂
You are one of the best researcher.
Fab vdo... Thank you for your effort
Thank you Ajay, glad you enjoyed it 🙂 -Caleb
Thanks for sharing this video Caleb.
15:14 Would love to see a Behind the scenes video of Backstage With Millionaires!
Maybe someday 😋 perhaps when we hit 200k we can do something like this? -Caleb
❣️ all the best ..I can understand, u can do it ... take care
Loved 🙏🔥🔥 ur video
Appreciated your efforts 👏
using boat headphones for this video! great video
You are goat for young entrepreneurs
I don't think anyone finds this boaring ❤️❤️
Very nice details...😄😄👏👏👏
Good work :)
Your really doing great video
good job!!! pls make more!!
Thank you, Neerraj :)
We are working on more.
-Varun
You are truly amazing!
You guys are great....
Great work guys
Appreciate your efforts 😇🙏
Amazing video ❤️
Great work man !
Thank you Himanshu! -Caleb
Thanks for sharing 👏👏👏
Your way of speaking is very goooooooood
Thanks a lot leoL! 🙂 -Caleb
Thank you for this valuable information 🙏
Sure thing Pratik! Glad you enjoyed the video. -Caleb
For your effort and content, subscribed. Suggestion keep the intro as short as possible.
Thanks for the suggestion Mrigendra, and for subscribing! 🙂 -Caleb
Awesome as usual🤘🏻👍🏻
Thank you Sara! 🙂 -Caleb
Most Startups have seen revenue increase after 2016 due to digitalization of Jio
awesome research
Your videos are never boring
i love these videos