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The Top Startups 2022 India list was revealed by LinkedIn in the fifth edition of the Top Startups. CRED, a platform for paying bills, came in first place. UpGrad, an edtech startup, comes in second, followed by Groww, an online platform for mutual funds and demat trading. There are now 25 startups in total.
CRED rose from third place in 2021 to first place in 2022. The startup’s market value is $6.4 billion. It has become a well-known brand thanks to its quirky advertisements that feature celebrities from Bollywood and the sports world. But that wasn’t the only factor in its victory over the competition. CRED quickly climbed to the top spot thanks to its emphasis on employee welfare. A company that is truly of its time, CRED provides its staff with benefits like ElderCare, egg freezing, and one-on-one support for mental wellness.
Runners up UpGrad have also demonstrated fortitude and expansion during difficult times. UpGrad expanded into one of the largest online higher education platforms in the nation while the institutions were still closed because of COVID. View the full list of the 25 startups.
India’s Top Startups on LinkedIn in 2022
CRED
upGrad
Groww
Zepto
Skyroot Aerospace
MBA Chai Wala
Spinny
The Good Glamm Group
GrowthSchool
BluSmart
ShareChat
Ditto Insurance
Simpl
Rapido
Classplus
Park+
BlissClub
DealShare
Ultrahuman
Living Food
FamPay
AgniKul Cosmos
Stanza Living
Pocket FM
Zypp Electric
It’s interesting to note that 13 of the top 25 startups are based in Bengaluru, with the same city listing for 58% of the jobs in these startups.
“The Indian startup ecosystem displays great resilience as we continue to see the rise of new startups,” said Nirajita Banerjee, managing editor of LinkedIn News India. “68% of entrants on the list appear for the first time. By focusing on sustainable growth and adopting a more cautious approach to business scaling, these startups are navigating the unsteady macro environment. Young professionals are embracing India’s startup ecosystem, with 17% of new hires in the top 25 startups being under the age of 25, and 56% of all hires in those startups being under the age of 30. This list is a fantastic resource for job seekers who are motivated by the chance to invent, tackle challenging problems, and develop their skills within these startups.
The criteria used to compile the list were employment growth, engagement, job interest, and the ability to draw in top talent. Over the methodology time frame, an increase in employment growth as a percentage of headcount increase of at least 10% has been taken into account. Data was normalized for all startups that qualified. The time period for the methodology is July 1, 2021, to June 30, 2022.
The only businesses that qualify for the list are those that are fully independent, privately held, have 50 or more full-time employees, are 7 years old or younger, and have their headquarters in the nation. The following are not included on the list: staffing companies, think tanks, venture capital firms, law firms, management and IT consulting companies, non-profits and philanthropy, accelerators, and government-owned organizations. Additionally, start-ups that fired more than 20% of their staff during the specified time period were also disqualified.
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