LinkedIn has released its list of India’s top 2022 startups for India, revealing the top 25 startups that have shown resilience in an uncertain market environment and continue to innovate in 2022. Topping this year’s list is the unified payment interface CRED, followed by upGrad and Groww in second and third place respectively.
Valued at $6.4 billion, CRED has maintained its podium spot on LinkedIn’s Top Startups list, moving from third in 2021 to first in 2022. In addition to the popularity of its quirky ads over the past two years, CRED is putting It also sets new benchmarks for employee wellbeing by offering benefits such as ElderCare, egg freezing and personalized support for mental wellbeing to its employees.
The second highest ranked companies on the list include upGrad, one of India’s largest online higher education companies that operates massive upskilling opportunities for professionals and students, followed by Groww, an online investment platform that provides an objective evaluation of various investment opportunities through of stocks and mutual funds.
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This year’s list also includes newcomers, including e-grocery company Zepto, full-stack auto-buying platform Spinny and insurtech startup Ditto Insurance – all of these are online platforms that make finance, mobility and essentials more accessible to consumers in India from Today . Fitness platform Ultrahuman and organic food market Living Food also debuted on the list this year by empowering consumers to lead conscious and healthy lifestyles.
LinkedIn Top Startups 2022 India Ranking:
5. Skyroot Aerospace
6. MBA Chai Wala
8. The Good Glamm Group
9. Growing school
12. Ditto insurance
15. Class Plus
17. Bliss Club
20. Live Food
22. AgniKul Kosmos
23. Stanza Life
24. Pocket FM
25. Zypp Electric
With 13 of the top 25 startups from Bengaluru, the city is confirming its reputation as the ‘Silicon Valley of India’. A staggering 58 percent of all job postings posted to LinkedIn by these startups in the same period from August 1, 2021 to July 31, 2022, were from Bengaluru.
To compile this year’s list, LinkedIn looked at platform data from July 2021 to June 2022 across four pillars: employee growth; job seeker’s interest; member involvement within the company and its employees; and how well these startups pulled talent off their flagship LinkedIn Top Companies list.
Nirajita Banerjee, Managing Editor at LinkedIn News India, said of the list: “The Indian startup ecosystem shows great resilience as we continue to see the emergence of new startups with 68 percent of the list participants appearing for the first time. These startups are navigating the uncertain macro environment by optimizing their businesses for sustainable growth and taking a more cautious approach to scaling their business.It’s also great to see young professionals embracing India’s startup ecosystem, with 56 percent of all employees in the top 25 startups who are under 30 and 17 percent under 25 at the time they join. This list is a great resource for job seekers excited about the opportunity to innovate, big problems and increase their skills within these startups.”
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