Jaipriya K S,
Content Writer, siliconindia

The Indian Startup landscape is an avalanche of innovation, transformation, and technology, and presents a kaleidoscope of trends, opportunities, and challenges about funding, profit, net worth, & scalability. The year 2023 witnessed a smooth-sailing year for startups with 1, 17,254 DPIT registered startups which have generated more than 12.42 lakh direct job opportunities in the country.

Similarly, as of April 2024, the numbers increased to 127,000 & cultivated a huge expectation to foresee a significant financial impact in the country. According to the key findings of the Nasscom study, around 60% of startups reported profitability & 10-15% of Indian startups succeeded in their respective fields.

Indian startups secured over 11 billion funding in 2023 & to be continued. Powered with potential accelerators, investors, incubators, financial guidance, mentorship, access to prospective resources, & the ongoing generative AI wave, the Indian Startups are taking flight & reaching miles in achieving profits. So, let us uncover the 5 Pioneering Startups in India booming with exclusive profit prospective.

Startup: Housr

Industry: Real Estate (Co-living)

Key Management: Deepak Anand and Kalpesh Mehta, Co-Founders

Identifying the gap between the requirements of the current working professionals & the offerings provided by the traditional players in the co-living sector, Housr was established in 2018 to cater to the evolving accommodation demands of working professionals. After spending an extended period of 5 years studying & understanding the co-living landscape, the founders of a startup with a deep entrepreneurial spirit started a venture to provide high-standard & business class accommodation with excellent experiences.

Wholly, Housr specializes in offering the most contented, associated & personalized way of living style for working forces for the millennial cohort, where the residents can revel in all the amazing, contemporary amenities & civilized community experiences under one ceiling. In a short period, the company experienced extreme growth & today it sprawls in 70+ world-class properties in key metropolitan cities of India. In 2023, the startup registered revenue of about Rs. 70 crore & projects to exceed Rs. 100 crore in FY24.

USP: Soulful music nights, art therapy, football tournaments, night standups, and furry therapy.

“I studied the co-living market very thoroughly and realized that many players in this business were more interested in increasing their revenue than improving the product”, shares Deepak, Co-Founder & CEO, Housr.