LinkedIn, the world’s largest professional network, has unveiled the highly anticipated 2023 LinkedIn Top 25 Indian Startups List, a comprehensive ranking of the most promising emerging companies where professionals aspire to work.
This annual list, derived from unique LinkedIn data, offers a deep dive into the rapidly evolving startup landscape, aiding professionals in identifying prospective employers across diverse industries and making informed career decisions.
The Top Startups ranking is powered by a wealth of distinctive LinkedIn data, aggregated from the actions of over 950 million members worldwide. The evaluation focuses on four key criteria: employee growth, jobseeker interest, member engagement within the company and its employees, and the startups’ ability to attract talent from the prestigious LinkedIn Top Companies list.
Visit the LinkedIn India 2023 Top Startups list here.
Zepto, a burgeoning e-commerce grocery app, has clinched the top spot in this year’s Top Startups list, exhibiting an exceptional growth trajectory since its inception in 2021. Having achieved unicorn status with a remarkable $200 million in fresh funding in August, Zepto stands as India’s first unicorn of 2023, exemplifying the immense potential and innovation within the nation’s startup ecosystem. Zepto also secured a place on the LinkedIn Top Companies list for 2023.
BluSmart, India’s pioneer in electric ride-sharing, claims the second position, marking its third consecutive appearance on the prestigious list. Additionally, Exponent Energy, a new entrant and an electric vehicle (EV) startup, emphasizes the robust growth witnessed in the EV sector within India, bolstered by the ‘Make in India’ initiative.
In the ever-evolving landscape of Indian startups, Fintech asserts its dominance, with four startups making a significant impact on this year’s list – Ditto Insurance (#3), Fi (#7), Jar (#11), and StockGro (#14). The resilience of the Fintech sector and its continued allure for investors, despite challenging market conditions, are reflected in their notable presence.
Edtech also emerges as a prominent industry in the 2023 list, featuring companies like GrowthSchool (#10), Teachnook (#13), and AccioJob (#17). This underscores the ongoing demand for upskilling among professionals and students in the face of rapid technological advancements, notably artificial intelligence.
Nirajita Banerjee, Head of Editorial at LinkedIn India, emphasized the list’s significance by stating, “It’s truly remarkable that 14 of the 20 startups featured on this year’s list are new entrants, underscoring the immense potential and astonishing pace of innovation in India’s startup space.”