INDIA 100 - Top startups with gravity-defying momentum in 2015
When YourStory started chronicling the startup ecosystem in 2008, few companies, including the ones in our INDIA 100 2015 list, were known beyond their immediate circles; seven years down the line, these companies have grown to become not just India’s best-known names but have also attracted global attention to India and its maturing fast-startup ecosystem.
In 2012, Bangalore ranked 19th within the world’s startup ecosystem. By 2015, the city moved up four spots to 15th place, but 6th in terms of access to funding. The year has been epochal. Prime Minster Narendra Modi made startups the central theme of his Republic Day speech. Entrepreneurship has gone mainstream; spreading to every corner of the country– even the marriage market is more accepting of founders, who are the new celebrities in town! And for the very first time in the history of Indian startups, Flipkart’s Sachin and Binny Bansal have made it to the top 100 in the prestigious Forbes list.
The INDIA 100 ranking shows the 100 hottest companies that have demonstrated their ability to scale up and seized opportunities through 2015. These are the startups that stayed in the news through the year and grew substantially. These 100 companies have already demonstrated the ability to achieve various levels of scale; some have been around for more than half-a-decade. Aside from these every year YourStory showcases 30 of the most promising tech start-ups you need to watch out for.
YourStory discovers and showcases emerging tech startups that might eventually go on to achieve similar ‘success’ as the TECH30 at our flagship event TechSparks each year.
Also, early next year, YourStory is coming up with Young Workplace Awards – India’s only Definitive Startup Workplace award - which will chronicle the best of the workplaces in the ecosystem.
INDIA 100 - METHODOLOGY: We took around 1000 startups that have raised over $1 million and who were in the news during 2015. We put these names through our internal ranking system to evaluate them against three parameters: growth, revenue and funding. The next step was to partner with Mattermark to get their GrowthScore for each. Once we had 100 startups, we then re-ranked them using four equally weighted variables from Mattermark: growth score, mindshare score, employees’ month-over-month growth and total funding. (More about GrowthScore here).