 "A look at some of the richest startups in Bengaluru")
Ola CEO Bhavish Aggarwal moved his scrappy cab-hailing startup from Mumbai to Bengaluru in around 2012, and grew his little business into the $5 billion behemoth it is today. Quikr, the listing website that just gobbled up CommonFloor, shifted to the city in 2014, and Paytm has been talking about doing so as well.
The reasons are simple. Long the tech hub of the country, Bengaluru first saw “startups” like Infosys and Wipro grow to put Indian IT on the world map.
Here is a look at a few successful startups that call Bengaluru home.
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Swiggy
Swiggy is the freshest in the lot of startup successes here, rising to the top layers after a $ 35 million round of funding from some of the best known names in the investor market. The food delivery company has already taken away considerable market share from Zomato, Tinyowl and others that have been around longer.
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The company is now believed to be worth around $125 million.
Jabong
Jabong was the Myntra competitor before Flipkart and Myntra got together, and Jabong ran into a bunch of problems. The company has seen its founder quit, gotten a new chief, and cleaned up some of its business mess, but is not out of the woods completely.
Local media reports suggest it is up for sale, but can’t find a buyer. It is said to be valued at around $200 million.
Bigbasket revolutionised the way Indians shop for groceries when it allowed shoppers to buy everything they need online, and at reasonable prices. This Bengaluru-based startup is now operational in about 15 cities, and valued at around $400 million.
This is an excerpt from Tech in Asia. You can read the full article here.