LinkedIn said fintech innovators thrive as funding recovers, while Edtech players benefit from India’s learning wave
LinkedIn, the professional network platform, on Wednesday released the 2023 LinkedIn Top 20 Indian Startups List – an annual ranking of the emerging companies where professionals want to work, globally, based on LinkedIn data. Leading the pack in this year’s Top Startups list is Zepto (#1), a next-door e-commerce grocery app, which was placed 4th in 2022.
Founded in 2021, Zepto’s meritocratic growth trajectory has been nothing short of phenomenal, LinkedIn said.
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In August, the company achieved unicorn status – India’s first of 2023 – with $200 million in fresh funding.
According to LinkedIn, the Top Startups list helps professionals discover emerging companies across a wide range of industries, and arms them with the information they need to know before applying for their next job.
This Top Startups list is fuelled by LinkedIn data based on billions of actions taken by the 950+ million members on LinkedIn across four core areas: employee growth, jobseeker interest, member engagement within the company and its employees, and how well these startups have pulled talent from the flagship LinkedIn Top Companies list.
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Full list; 2023 LinkedIn Top Startup List India
1. Zepto
2. Blusmart
3. Ditto Insurance
4. Pocket FM
5. Skyroot Aerospace
6. GoKwik
7. Fi
8. Sprinto
9. Supersourcing
10. GrowthSchool
11. Jar
12. Shyft
13. Teachnook
14. StockGro
15. Exponent Energy
16. Housr
17. AccioJob
18. TravClan
19. DotPe
20. Fasal
BluSmart (#2), the electric ride-sharing company, which has made it in the list for three years in a row, emerged second on the list this year. Another EV startup Exponent Energy (#15) was a new entrant on the list.
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Fintech continues to dominate India’s Top Startups list in 2023, with four startups making it to this year’s list – Ditto Insurance (#3), Fi (#7), Jar (#11), and StockGro (#14). This reflects the resilience of the sector and how it remains a bright spot for investors despite challenging market conditions, LinkedIn said.
Edtech is another a prominent industry in this year’s list with companies like GrowthSchool (#10), Teachnook (#13), and AccioJob (#17). Their presence underscores the continued demand for upskilling among professionals and students with rapid changes due to technologies such as AI.
Nirajita Banerjee, head of editorial, LinkedIn India, said, “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. This list serves as a unique and actionable resource for professionals who are eager to work in new companies that are revolutionising the industry and where one can acquire new skills.”
“These startups are looking to hire talent right now so it’s a great opportunity to be part of the growth story of India’s vibrant startup ecosystem,” Banerjee added.
