Cred, upGrad, and Groww are the top three start-ups in the country, as per the recently revealed 2022 LinkedIn Top Startups List for India.
The list reveals the top 25 start-ups that have shown resilience in an uncertain market environment, and are continuing to innovate in 2022.
As per the professional networking platform, to compile this year’s list it looked at platform data from July 2021 to June 2022 across four pillars: employee growth; jobseeker interest; member engagement within the company and its employees; and how well these start-ups pulled talent from its flagship LinkedIn Top Companies list.
At the top of this year’s list is unified payment interface CRED (#1). LinkedIn said that valued at $6.4 billion, this young start-up maintained its podium position on the LinkedIn Top Startups list, moving from #3 in 2021 to #1 in 2022.
Besides gaining popularity for its quirky ads in the past two years, CRED is also setting new benchmarks for employee well-being by offering benefits such as ElderCare, egg freezing, and one-on-one support for mental wellness to its employees.
The next highest-placing businesses on the list include upGrad (#2), the online higher education company that curates upskilling opportunities for professionals and college students, followed by Groww (#3), an online investment platform that provides an objective evaluation of various investment opportunities through stocks and mutual funds.
This year’s list also features new entrants including e-grocery company Zepto (#4), full-stack car buying platform Spinny (#7), and insurtech start-up Ditto Insurance (#12) – all of which are online platforms that are making financial, mobility, and essentials more accessible for consumers in India today.
Fitness platform Ultrahuman (#19) and organic food marketplace Living Food (#20) also debuted this year’s list by enabling consumers to lead a conscious and healthy lifestyle.
With 13 out of the top 25 startups based out of Bengaluru, the city affirms its reputation as the ‘Silicon Valley of India’. In fact, 58% of all jobs posted by these start-ups on LinkedIn during the same period from August 1, 2021 to July 31, 2022 were based out of Bengaluru.
Here’s a list of the 25 companies that made it to the LinkedIn Top Startups 2022 India list, in order of ranking:
5. Skyroot Aerospace
6. MBA Chai Wala
8. The Good Glamm Group
12. Ditto Insurance
20. Living Food
22. AgniKul Cosmos
23. Stanza Living
24. Pocket FM
25. Zypp Electric
Nirajita Banerjee, Managing Editor at LinkedIn News India, said, “The Indian start-up ecosystem displays great resilience as we continue to see the rise of new start-ups with 68% of entrants on the list appearing for the first time. These start-ups are navigating the uncertain macro environment by optimising their businesses for sustainable growth and taking a more prudent approach towards scaling their business. It’s also great to see young professionals embrace India’s start-up ecosystem, with 56% of all hires in the top 25 start-ups being aged below 30, and 17% aged below 25, at the time of joining. This list is a great resource for job seekers excited by the opportunity to innovate, solve big problems, and grow their skills within these start-ups.”