Did you know that India is home to over 99,000 startups, making it the world’s startup hub? If you are a student aspiring to be an entrepreneur, you might be wondering which of these startups are the most promising and innovative in 2024. Well, you are in luck, because in this blog post, we will introduce you to the top 10 startup companies in India in 2024 for food, tech, healthcare, cosmetics, and clothing.
These startups are not only disrupting their respective industries but also creating a positive impact on society and the environment. You will learn about their founders, their vision, and what services or products they offer.
By the end of this blog post, you will have a clear idea of the potential and opportunities of the Indian startup scene, and maybe even get inspired to start your venture. So, without further ado, let’s dive into the list of the top 10 startup companies in India in 2024.
Here Are The Top 10 Startup Companies in India
Food Industry
The food industry in India is one of the largest in the world. It is estimated to reach $125 billion by 2029. India’s food industry produces and processes various food items, such as fruits, vegetables, dairy, meat, fish, grains, and confectionery. The industry contributes to the country’s economy, exports, and employment.
It also has a huge potential for growth and innovation. India’s food industry’s output is expected to reach $535 billion by 2025-26. The government supports the industry through various schemes and initiatives, such as Mega Food Parks, Cold Chain Units, and Nivesh Bandhu Portal.
The industry faces some challenges, such as low processing levels, infrastructure gaps, and quality standards. However, it also has many opportunities, such as rising demand, online food delivery, and value-added products. The food industry in India is poised for massive growth and can become the largest producer of food in the world.
1. Dil Foods
- Founder: Arpita Aditi
- Foundation Year: 2022
- Market Revenue: Rs 7 Crore
Dil Foods is one of the most innovative startup companies in India. Founded in 2022 by Arpita Aditi, a biotech engineer from MIT, it stands out with a distinguished background.
Having previously worked at Himalayan Drugs, Reliance Capital, and Swiggy, Arpita Aditi embarked on her entrepreneurial journey. Her vision was clear: to establish a virtual restaurant operator that empowers small eateries through its diverse brands.
Moreover, Dil Foods manages eight virtual food brands, each delivering an authentic taste of regional India. Beyond mere profit, the company’s mission aims to build a sustainable restaurant ecosystem.
This ecosystem is specifically designed to maximize revenue, capacity, and reach for underutilized kitchens. At the core of Dil Foods lie its values — quality, innovation, and customer satisfaction, which consistently guide the company’s every endeavor.
Dil Foods offers a unique service to startup companies in India. It partners with local restaurants and provides them with pre-packed food. The restaurants reheat the food and deliver it to customers online. Dil Foods pays them for this service, which becomes their additional income.
Dil Foods also creates and manages its virtual food brands, such as Dil Punjabi, Aahar, The Chaat Cult, House of Andhra, Bihari Bowl, Bhole ke Chole, and Khichdi Bar. These brands cater to different tastes and preferences of Indian customers.
2. Tagzfoods
- Founder: Anish Basu Roy and Sagar Bhalotia
- Foundation Year: 2019
- Market Revenue: Rs 23 Crores
Tagzfoods is a Gen Z healthy snacks brand, founded in 2019 by Anish Basu Roy and Sagar Bhalotia. Seeking to offer healthier alternatives to conventional fried and baked chips, they also aimed to create a diverse portfolio of products, including dips, chocolates, and cookies.
Aligned with their mission to help urban Gen Z consumers eat healthily and lead a more active lifestyle, their values center around innovation, quality, and customer satisfaction. Notably, Tagzfoods stands out as one of the most successful startup companies in India, boasting a revenue of Rs 23 crore.
Moreover, the company’s commitment to fostering a healthier lifestyle sets it apart in the competitive market. They also secured funding from Shark Tank India, where they impressed three investors with their unique proposition.
The startup makes popped potato chips with 50% less fat, gourmet dips, and center-filled cookies. It uses food technology to create tasty and nutritious products. Tagz Foods also has a range of premium bar snacks, such as nuts and seeds.
The startup wants to become one of the fastest-growing food brands among startup companies in India. It also aims to take an Indian snacking brand international. Tagz Foods impressed the investors on Shark Tank India and secured funding.
Technology Industry
The technology industry in India is one of the world’s largest and fastest-growing. It provides IT and BPO services to global clients, as well as digital products and solutions to domestic consumers. The industry generated approximately $245 billion in revenue in 2023. India’s tech industry is expected to reach $421.59 billion in the coming 5 years. The government supports the industry through various schemes and initiatives, such as Digital India, SIPP scheme, and Aspire. The industry faces some challenges, such as skill gaps, infrastructure bottlenecks, and cyber threats. However, it also has many opportunities, such as rising demand, innovation, and convergence of IT and operational technology. The technology industry in India is poised for tremendous growth and can become a global leader in digital transformation.
3. Altor Smart Helmet
- Founder: Shamik Guha
- Foundation Year: 2018
- Market Revenue: Rs 4.34 Crores
Altor Smart Helmet, founded by Shamik Guha, is a pioneering smart helmet manufacturer. With a vision to provide connected helmets for motorcycle riders, the company has introduced a range of helmets equipped with speakers, microphones, sensors, swipe pads, and switches.
Moreover, Guha’s mission is clear – to enhance the safety and convenience of riders on the road. Guided by values such as technology, quality, and customer satisfaction, Altor Smart Helmet stands out as one of the most innovative startup companies in India, boasting a substantial revenue of Rs 12 crore.
He also secured funding from Shark Tank India, where he wowed two investors with his smart device. It is one of the most popular startup companies in India in the technological sector.
The startup manufactures smart helmets for motorcycle riders. It uses machine learning to create connected and safe devices. Altor Smart Helmet also has a range of features, such as speakers, microphones, sensors, swipe pads, and switches.
The startup aims to become one of the most innovative startup companies in India. It also wants to enhance the safety and convenience of riders.
4. WOL3D
- Founder: Rahul Chandalia and Pradeep Jain
- Foundation Year: 2016
- Market Revenue: Rs 48 Crores
WOL3D a 3D printing company founded by Rahul Chandalia and Pradeep Jain, aimed to make 3D printing more accessible and affordable for the Indian market.
Providing high-quality and reliable 3D printers, filaments, pens, and services, they are dedicated to bridging the gap between ideation and manufacturing through cutting-edge research and innovation.
With values centered around excellence, customer satisfaction, and constant improvement, WOL3D stands out as one of the biggest startup companies in India. Moreover, their widespread presence in 14+ cities and a customer base of 50,000+ attests to their success.
The startup offers 3D printing products and services, utilizing advanced technology to create high-quality and reliable 3D printers, filaments, pens, and resins. WOL3D also features premium brands like Fila-tech, Itouch, Itech, and Hismart.
They serve as the official master distributors for international brands such as Flashforge, Creality 3d, Bambulabs, Phrozen, and Elegoo. The startup aims to make 3D printing more accessible and affordable for startup companies in India and aspires to become a leader in the 3D printing market through cutting-edge research and innovation.
Healthcare Industry
The healthcare industry in India is one of the largest sectors in terms of revenue and employment. It comprises of hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment. The industry is growing rapidly due to its strengthening coverage, services, and increasing expenditure by public and private players. Moreover, the industry is benefiting from technological advancements, the emergence of telemedicine, rapid health insurance penetration, and government initiatives like e-health. The hospital sector in India is expected to reach Rs 18,348.78 billion by FY 2027, growing at a CAGR of 18.24%. The telemedicine market is also expected to touch $5.5 billion by 2025, growing at a CAGR of 31%. India has the world’s largest health insurance scheme (Ayushman Bharat) and is investing heavily in medical education. India also offers medical value travel for foreign patients seeking quality and affordable treatment.
5. Eva Scalp Cooling System
- Founder: Raghuveer Surupa
- Foundation Year: 2020
- Market Revenue: Rs 25 Crores
Eva Scalp Cooling System is a startup company in India, founded in 2020 by Raghuveer Surupa. He was inspired by his aunt’s battle with ovarian cancer and wanted to help cancer patients prevent hair loss due to chemotherapy. His flagship device, the Eva Scalp Cooling System, accomplishes exactly that.
Moreover, his mission is to provide affordable and effective solutions for cancer care, with values centered on compassion, innovation, and excellence. As India’s first scalp cooling system manufacturer, the Eva Scalp Cooling System has installed its device in 12 hospitals across 5 states.
Additionally, it has conducted 1000 successful sessions in the past year and secured a joint deal of Rs 30 lakh from three investors on Shark Tank India, making Eva Scalp Cooling System a promising and revolutionary startup company in India.
The startup produces India’s first scalp-cooling device, aiding cancer patients in preventing hair loss from chemotherapy. Eva Scalp Cooling System employs medical innovation to create effective solutions and also provides support and guidance to cancer patients.
The startup aims to improve the quality of life for cancer care and strives to become one of the leading startup companies in India. Moreover, the Eva Scalp Cooling System impressed investors on Shark Tank India and secured a joint deal.
6. Janitri
- Founder: Arun Agarwal
- Foundation Year: 2016
- Market Revenue: Rs 62 Crores
Jainitri, a healthcare startup founded in 2015 by Arun Agarwal, aims to reduce maternal and neonatal mortality in India.
By creating devices that monitor the vitals of both the mother and the unborn baby, Arun endeavors to fulfill his mission: ensuring that no mother or child dies during pregnancy. Guided by values such as innovation, affordability, and impact, Jainitri stands out as one of the most promising startup companies in India.
The company has garnered support from prestigious organizations; moreover, it has received grants from BIRAC, the Bill & Melinda Gates Foundation, and the Government of Karnataka. It also secured an investment of Rs 1 crore from Namita Thapar on Shark Tank India.
The startup provides wearable and AI-enabled devices for pregnancy monitoring, using medical technology to ensure the safety and accuracy of the mother and the baby. Janitri also has a smart app for tracking the baby’s kicks and connecting the devices.
Additionally, the startup aims to reduce maternal and neonatal mortality among startup companies in India and plans to expand its reach to other developing countries. Notably, Janitri impressed the judges on Shark Tank India and received investment.
Cosmetic Industry
The cosmetic industry in India is growing rapidly due to changing lifestyles and increased awareness. It is expected to be worth $6.45 billion in 2024, and a CAGR of 2.68% with bath and shower products leading the way. The market is dominated by a few global players like Unilever, L’Oréal, and Procter & Gamble, as well as local brands like MamaEarth, Khadi Essentials, and Sugar Cosmetics. The demand for natural, vegan, and cruelty-free products is rising among consumers, especially millennials and Gen Z. Online platforms and social media are also influencing the purchase decisions and preferences of Indian cosmetic buyers.
7. Recode Studios
- Founder: Dheeraj Bansal and Rahul Sachdeva
- Foundation Year: 2018
- Market Revenue: Rs 50 Crores
Recode Studios, a cosmetics brand, and online marketplace, was founded by Dheeraj Bansal, Rahul Sachdeva, and four others. Passionate about providing affordable and high-quality beauty products to the middle-class market segment, they set out on a mission to become the nation’s largest platform selling multiple beauty and lifestyle brands. Guided by values such as excellence, creativity, and customer loyalty, Recode Studios stands as a testament to their commitment.
Additionally, they have received recognition from various media outlets and influencers for their innovative products. Moving forward, Recode Studios aims to revolutionize the beauty industry in India by offering personalized solutions for every skin, fusing tradition with innovation, and empowering confidence through beauty.
Recode functions as both a cosmetics brand and a marketplace. Not only does it sell its products, such as lipsticks, eyeliners, nail paints, palettes, brushes, shower gels, and more, but it also features products from other brands. Some of these include Wow Skinscience, Colorbar, Riyo Herbs, and Ofra.
Whether you prefer online or offline shopping, you can purchase these products from Recode’s website, app, or stores. Leveraging technology and research, Recode consistently delivers quality products at affordable prices. It also imports some of its products from Thailand, Germany, and China.
8. CosIQ
- Founder: Kanika Talwar and Angad Talwar
- Foundation Year: 2021
- Market Revenue: Rs 48 Lakhs
CosIQ is an intelligent skincare brand founded in 2021 by Kanika Talwar and Angad Talwar. Identifying a gap in the market for effective and affordable skincare products, they aimed to create a brand that communicates clearly and honestly with its customers.
Additionally, their mission is to make skincare intelligent and empower people with healthy skin. Furthermore, the core values of CosIQ are integrity, science, and results. As one of the most innovative startup companies in India, CosIQ offers a range of clinically proven products. They have also secured funding from Shark Tank India, where they impressed two investors with their breakthrough formulas.
CosIQ sells skincare products based on science and technology. The brand provides services such as personalized skin analysis, online consultations, and product recommendations. CosIQ delivers its products through its website and other online platforms, such as Amazon and 1mg.
Additionally, CosIQ partners with ePharmacy.com.np to distribute its products in Nepal. The product line includes face cleansers, face serums, face moisturizers, sun protection serums, and peel exfoliators. Moreover, CosIQ’s products are cruelty-free, affordable, and effective, designed to address various skin concerns.
Clothing Industry
The clothing industry in India is one of the oldest and most diverse in the world. It produces various types of woven and knitted clothing, using ancient techniques and cultural traditions. India is the second-largest producer and consumer of cotton and the third-largest exporter of textiles and apparel globally. The industry contributes to 2.3% of the country’s GDP, 13% of industrial production and 12% of exports. It also employs up to 100 million people directly and indirectly. The industry is adapting to the changing preferences and demands of the urban and western markets and is set to achieve $250 billion in production and $100 billion in exports by 2030.
9. TURMS
- Founder: Surender Singh Rajpurohit
- Foundation Year: 2016
- Market Revenue: Rs 42 Crores
TURMS is an intelligent apparel fashion brand, founded in 2016 by someone else. Surender Singh Rajpurohit, former CXO of Volvo-Eicher CV, South Africa, acquired the brand in 2022 and successfully revived it.
TURMS offers apparel for men and women, featuring characteristics such as anti-stain, anti-odor, and no wash. His mission is to revolutionize the garment industry with innovation and technology.
His values include quality, sustainability, and customer delight. He also secured funding from Shark Tank India, where he convinced Azhar Iqubal with his distinctive product range. Importantly, the brand is also promoted by celebrities such as MS Dhoni.
The startup sells intelligent apparel for men and women, utilizing green nanotech and red aloe vera to create garments with features like anti-stain, anti-odor, and no wash. Additionally, TURMS offers travel-friendly socks that stay fresh for a week.
Noteworthy among TURMS’ bestsellers are Stylish & Comfortable Chinos for Men, Travel-friendly socks, and Tie & Dye Polo Neck T-shirts.
10. TWEE IN ONE
- Founder: Niti Singhal
- Foundation Year: 2017
- Market Revenue: Rs 45 Lakhs
Twee In One is a reversible and convertible clothing brand founded by Niti Singhal. She aimed to create functional and practical apparel that could transform looks 360 degrees. Singhal also aimed to promote the ideology of ‘Less is more’ and break the cycle of fast fashion.
Her mission is to redefine sustainability by reducing waste in landfills. Singhal’s values are creativity, quality, and customer satisfaction. Twee In One is also one of the most innovative startup companies in India, having been featured at various fashion weeks, including the New York Fashion Week.
Twee In One is a startup that offers reversible and convertible clothing. Moreover, it sells garments that can be worn on both sides, featuring two different styles in one. Additionally, it delivers its products online through its website and other platforms.
Notably, its bestseller is the reversible dress, which can be worn as a formal or casual outfit. The startup aims to promote sustainability and reduce wastage in the fashion industry.
Conclusion
In this blog post, we have introduced you to the top 10 startup companies in India in 2024. Moreover, these startups are disrupting the food, tech, healthcare, cosmetics, and clothing industries with their innovative products and services.
Additionally, they are creating a positive impact on society and the environment with their vision and values. We hope you enjoyed reading this blog post and found it informative and inspiring.
India is undeniably a hub of entrepreneurship and innovation, and these startups are solid proof of that. Thank you for reading, and stay tuned for more updates on the Indian startup scene.
