Learning platform Unacademy has topped the 2021 LinkedIn Top Startups India list, followed by B2B e-commerce platform Udaan, and fintech firm CRED, for firms and consumers alike to primarily remote reality during the pandemic accelerated digital transformation is as. Determined by the actions of over 76 million professionals in India on the platform, the annual LinkedIn Top Startups list reveals the 25 young, emerging companies India wants to work for right now.
To put together this year’s rankings, LinkedIn looked at platform data from July 2020 to June 2021 into four pillars: employee growth; job seeker’s interest; Member engagement with the Company and its employees; And how well these startups pulled talent from LinkedIn’s list of top top companies. To be eligible, companies must be seven years of age or younger, have at least 50 employees, be privately held, and be headquartered in India. Unacademy topped the list, raising its valuation to $3.44 billion, as the platform explores new learning avenues for upskilling, hiring and creator-led courses.
Following suit was Udaan, India’s largest B2B e-commerce platform, and CRED (third), an Indian fintech company that aims to make payments easier for credit card holders and various e-commerce transactions. With these top three unicorns, and nearly 60 per cent of the 2021 LinkedIn Top Startups India list based out of Bengaluru, the city has cemented its reputation as the “Silicon Valley of India”. Others in the top 10 include Upgrade (4th), Razorpay (5th), Meesho (6th), Skyroot Aerospace (7th), Boat (8th), Urban Company (9th) and Agnikul Cosmos (10th).
“The 2021 LinkedIn Top Startups list demonstrates the dominance of consumer Internet startups, and shows how digital transformation is an important growth lever for companies today. Ankit Vengurlekar, India Managing Editor, LinkedIn News, said, “The companies on the list are what lie ahead for employees promoting greater flexibility, deeper engagement and better wellness offerings,” said Ankit Vengurlekar, India Managing Editor, LinkedIn News. Vengurlekar went on to say that “the pandemic has changed how we think about our careers and lives, and these companies are brimming with job opportunities and innovative plans to change how we see the future of work.”
The report further states that amid the digital boom, India remains bullish on upskilling, with Unacademy, upGrad, and LIDO (19th) appearing as the top ed-tech and mentorship players. The list also depicts the rise of fintech players as the top three contactless payment solutions on the list include CRED, RazorPay and FamPay (24th). While edtech, fintech and cloud-based platforms lead the show, digitization and increased investor interest have fueled the expansion of agri-tech startups such as Nutrition.Farm (14th) and Ninjacart (22nd). AI-powered customer service startups Cogno AI (17th) and Verloop.io (20th), and space-tech players Skyroot Aerospace, BOAT and Agnikul Cosmos also feature in this year’s list.
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