Startup culture today is an essential part of the global economy. Countries all around the world are trying to create a good environment for startup companies to pop up. Many people have lots of misconceptions about startups, particularly about their size. Some believe that they are small and remain the same way for their entire lifespan. However, the truth is that startups begin small and then fastly evolve into major companies with millions in revenues.
In fact, fast growth is one of the main features of startups. They usually are formed as small enterprises with a high pace of development. As a result, the size of the company grows quickly with more employees and a bigger profit. Startup enterprises are usually devoted to their original idea from the very beginning till the end. They revolve around one concept, the main core of the company and try to make it as well-optimized and developed as possible. Despite this, a process called ‘pivoting’ is also widespread among them. In this context, making a pivot means that a startup gets off the track of the original concept and creates something new. Many companies have witnessed big success after pivoting.
Despite misconceptions, setting up a startup is still a long and tiring process. Being a fast-growing company does not essentially mean that the entire process will end overnight. It usually is the contrary since the majority of startups are created as very small companies in parents’ garages with some very limited resources. Thus, although the growth rate might be fast at a glance, turning an early-stage startup into a profitable company is still quite difficult. The general first stage of the process usually takes 1-2 years of enormous work and effort. Many give up shortly after getting started.
Startup culture technically started existence along with the development of the market economy. However, tech companies were the ones that added crucial significance to it. They became so successful that some of them exceeded the value of $1 billion. For such companies, the community came up with a special name – unicorn startups. They are now spreading in Asia as well as the latter is slowly becoming the leading market for innovation. Some of the most significant unicorns that are globally acknowledged include Airbnb and Uber. However, the industries in which startups easily flourish change every year. Thus, in this article, we have gathered the best startup industries in 2020.
The gambling industry has always been one of the most profitable ones. Casinos all around the world are making millions in profits while some cities are solely dependant on their income. Places like Las Vegas and Monaco have established themselves as ultimate meccas for players globally. Everyone wants to try themselves in front of slot machines in Las Vegas at least once in life.
However, the gambling industry is being transformed by technology. More and more online gambling platforms are popping up in different corners of the world, attracting an increasing number of people. Unlike physical venues, they often offer real money casino bonuses which makes them even more popular among players. Moreover, unarguably, they are much more efficient to run, as well as convenient for players. For these reasons, online gambling platforms are now highly competitive. They are gradually replacing physical casinos for many players while gaining new ones. Thus, this year, the online gambling industry, combining technology and entertainment is certainly the place to start a startup.
Sustainable Consumer Goods
The surge in environmental activism and increased awareness has boosted the sustainable products’ industry. A growing number of people refuse to purchase single-use items, such as plastic straws. However, it does not stop there. The global climate crisis comes at a cost of limiting plastic and fossil fuel use, but over 7 billion people on earth need a replacement for them.
Many people believe that sustainable consumer products are easy and simple to make. After all, they are usually associated with organic goods. However, the truth is that coming up with a sustainable, eco-friendly product that can be commercially successful is related to months and years of scientific research. High-tech companies are involved in the process, making important contributions to the development of this niche. As the demand for sustainable goods is ever-increasing, it is now the right time to establish a startup in this field.
Top 25 Startups In 2020:
1mg is India’s leading consumer health system. It seems to be a reliable health companion for many Indians. It must make healthcare available, clear, and affordable to get a thousand Indians. 1mg (previously Healthkart Plus) is an internet pharmacy community and generic medication engine. It empowers users to locate information regarding medications prescribed by physicians and buy them. Users may discover drugs by diseases, category, businesses, and manufacturers.
Acko General Insurance is an electronic insurance provider in India that provides insurance for those consumers. The business gives them killer costs, intense advantage, and stress-free maintains.
Bigbasket.com is an internet supermarket and food shop. You can navigate through their diverse selection of merchandise in BigBasket, arrange them, and make them be sent at your convenient time slot.
Bizongo could be defined as a stage for all packing. It is a comprehensive technology platform designed to support enterprises looking for solutions at any given set of the packing value-chain.
BlackBuck (ZINKA) is an internet market for logistics trades, helping clients transfer anything from everywhere to everywhere.
BYJU’S — The Learning App BYJU’S is currently India’s most prominent Ed-tech firm and the founder of India’s most significant K12 learning program, which offers exceptionally flexible and engaging and effective training applications for pupils in courses 4-12 (K-12) and competitive assessments, including JEE, NEET, CAT, IAS, GRE, and GMAT.
7. Capital Float
Capital Float is an internet system that provides working capital funds to SMEs from India.
CARS24 is a technician enabled used automobiles disruptor. CARS24 makes purchasing a vehicle a simple, reasonable, and speedy experience. CARS24’s mission is to revolutionize how used automobiles are offered in India. CARS24 generates an efficient and dependable way for auto owners to market their used cars at the Best Price.
CarDekho is India’s top automobile search enterprise, which helps users purchase automobiles that are ideal for them. CarDekho assists its customers with auto search, finance, insurance, used cars, and some other aspects prices via its unique tie-ups with auto manufacturers, insurance, and finance businesses.
CleverTap helps user brands keep their customers. It’s a potent mobile advertising and marketing solution that brings together consumer information from offline and online channels on a single targeted platform.
CloudCherry is another generation Experience Control SaaS platform that’s interrupting how organizations hear the Voice of Client.
Coverfox is the most extensive InsurTech system in India. Coverfox provides easy, fast, and easy online insurance broking services. Coverfox has now partnered with 35+ insurance companies to extend the very best policies and strategies in the most significant possible premiums.
CropIn Technology is a top “Full-Stack AgTech” company that offers SaaS options to agribusinesses worldwide. CropIn is an intuitive yet smart, self-evolving system which provides future-ready farming alternatives to the whole agricultural industry.
CureFit is Indian wellness and physical fitness company offering offline and digital adventures across nutrition, fitness, and psychological well-being. CureFit will undoubtedly be an advanced mixture of participation, delivery, and coaching using various online and offline channels.
Dailyhunt is India’s #1, News and local language material program together with over 227 Million program installs with over 250,000 posts consumed daily from 14 languages accredited from more than 1500+ book spouses.
Daily Ninja is an internet hyper-local shopping startup that caters to individuals’ every day needs daily on their doorstep.
Delhivery is currently India’s most significant e-commerce enablement business. Delhivery’s mission will be to meet each one of India’s internet consumption requirements through best-in-class industry options, domain experience, and pan-India operations.
Drivezy is now India’s biggest automobile sharing platform, which helps individuals turn their automobiles into earning members of their loved ones.
Dream11 is currently India’s Largest Sports Game, using 30 million+ customers enjoying Fantasy Cricket, Football, Kabaddi, and NBA.
Droom is the 3rd most significant E-commerce business in India concerning GMV and the most significant online automobile market for buying and selling new and used cars, with over 65% market share of their card transactions online.
Dunzo is a program that links you with the closest available shipping spouse to pick up or send things for you. Dunzo is an all-in-one 24X7 shipping platform that brings everything and anything inside the city while still assuring super-quick deliveries.
EarlySalary is a salary advance portable program that allows Indian customers to borrow cash on urgent cash requirements until they obtain their monthly salary. EarlySalary intends to help people who confront month-end and mid-month financial catastrophe by giving small loans until they get their wages.
Ebutor – B2B eCommerce firm serving the supermarket demands of Kirana shops across India.
Ebutor: It is the intelligent distribution system of India. Ebutor is a coordinated distribution system helps manufacturers to distribute consumer products into mom-and-pop retail shops.
Elemential is a Blockchain Development Platform To Style, Run & Scale Blockchain Networks.
EKincare is a patent-pending incorporated health advantages platform that helps organizations save around 25% health care expenses and decrease their health insurance premiums. EKincare enables you to control your health by allowing you to monitor crucial medical information and help it become accessible anyplace.