Best Startups to work for - 2023

Startups are pushing the future towards a new dawn of the Aspiring Business Empires
India has rich cultural heritage with having ample amount of natural resources for its people to use them. The country is having a strong line of advanced scientists who are working round the clock to pull up the economic condition through digitization and globalization. After meeting the goodness of globalization many aspiring entrepreneurs are coming up with new ideas which are making our country proud in the foreign lands and extracting hefty profit and enriching our GDP.

Startups in India:Startups are the business ventures which are at their initial stage of foundation and started by one or more aspiring entrepreneurs. The funding for the capital of the business comes from their accumulated wealth or they find some investors or venture capitalists so that their ideas get executed retaining their mission and vision. In startups innovative ideas and upgradation of technology and thoughts are always welcomed. Business startups come with lot of risks of failure and loss, it create an atmosphere of stress to finish his job and maintaining a good profit margin. Surviving in this ever-increasing competitive industry is the paramount importance for any startup owner.

Market value of startups in India: India has emerged as the 3rd largest startup ecosystem globally, with over 77,000 startups across 656 districts of the country. With 45 startups turning unicorn in 2022, there are now 107 Unicorn Startups in India. Based on the survey report of top 50 startups in Mumbai, it was unearthed that these companies are making nearly $200 million annually, whereas in India the total revenue of India from startups have increased $1.6 billion in 2023 which was $8.3 billion in 2021.

Revenue of Startups in Bengaluru: Being the tech hub of India, the garden city Bangalore's tech ecosystem is valued nearly $105 billion which is higher than Singapore with $89billion and Tokyo with $62billion. In FY2021 Bangalore based startup has raised an amount of $20.8billion funding. Total unicorn companies listed is 22 in 2022 as compared to 46 in 2021 and raised around $160billion before the unicorn round.

Revenue of startups in Mumbai: Mumbai is known for its strong venture capitalist community, it is a popular spot for startups, but is also widely considered the most demanding arena. Mumbai is known as one of wealthiest city in India and known as "the financial capital of India" having nearly 9469 startups. In last two years total 6,406 new startups have laid their foundation in the business industry of Maharashtra out of which 84 percent of them are collectively from Mumbai and Pune. Based on the survey report of top 50 startups in Mumbai, it was unearthed that these companies are making nearly $200 million as annual turnover. Besides, 21 unicorn companies came up in the market and raised around $25 billion funding.

Revenue of Startups in Kolkata: Kolkata is always remembered for its rich cultural heritage, historical buildings, and charming faces. It has third largest economy after Mumbai and Delhi, so it is quite a profitable place for setting-up business after scrutinizing the market. Kolkata has nearly 2,103 tech startups. Kolkata is the 9th best startup ecosystem in India. The economy of Kolkata has reached to 1$50.1 billion.

Revenue of Startups in Hyderabad: Hyderabad has nearly 245 active startups which is 7 percent of the total across India. Hyderabad, famous for its pearl, has a potential to grow more in upcoming days. Recently, it got its name and fame from the raised funding of Hyderabad startups, it has reached till 107 million. The total GDP contribution of Hyderabad is $886 million which was $371 million in 2020.

Startupcity,in this issue presents a list of '10 Best Startups to work for - 2023' who have leveraged their extensive industry expertise and experience in providing excellent services. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board.