India has always seen the emergence of numerous startups every year. Our country has given birth to 30 unicorn startups renowned globally. In fact, last year itself India added 09 new unicorn startups in its list.
Recently, CB insights published a list of 50 future unicorns in which these 03 Indian startups were also mentioned.
Moglix
Moglix is an Asia-based E-commerce company, headquartered in Singapore. The company was founded in 2015 by Rahul Garg and is also backed by the industrialist Ratan Tata. It is inclined towards the B2B procurement of industrial supplies. The company operates an industrial product marketplace focusing on procuring and supplying utility-based products such as fasteners, MRO (manufacture, repair, and operating supplies), electrical, pneumatics, hardware and safety items, and more.
Moglix is based in Noida, India, and currently has 10 fulfillment centers across twelve cities. Moglix caters to more than 450 large manufacturing houses and over 2,20,000 SMEs in India. The company has 10,000 suppliers across 25 states and in several countries. In 2018, Moglix has been recognized as the top firm in Deloitte’s technology fast 50 lists. The company also won the 11th edition of SAP ACE Awards 2018 in the Sourcing Excellence category.
CRED
CRED, a Fintech Startup was launched in 2018 by Kunal Shah. This credit card payments app has been creating a buzz ever since its launch. Cred is a credit card payment platform that lets cardholders pay their credit card bill through the app and get a bouquet of benefits via Cred coins. Thes virtual coins later can be redeemed across various platforms such as coffee shops, movie theatres, e-commerce shopping, and many others.
Recently, CRED has rolled out two new lending products namely CRED RentPay and CRED Stash. CRED RentPay allows its users to pay recurring household expenses and bills, and monthly rent payments using credit cards. While CRED Stash will offer a low-interest instant credit line, through a pilot with IDFC First Bank.
Vedantu
Vedantu, an Indian Edtech startup that is an interactive online tutoring platform is where teachers provide school tuitions to students over the internet, using a real-time virtual learning environment named WAVE a technology built in-house.
The startup was founded in 2011 by a group of IITians Saurabh Saxena, Vamsi Krishna, Pulkit Jain, and Anand Prakash.
