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Nivedita Bhattacharjee · · 4 min read

Forget Flipkart and Ola. Here are the other richest startups in Bangalore.

Photo Credit: David Joyce

Photo Credit: David Joyce

“I don’t think building this scale would be possible if I didn’t move base to Bangalore,” Ola CEO Bhavish Aggarwal recently said at an event.

He should know. Bhavish moved his scrappy cab-hailing startup from Mumbai to Bangalore in around 2012, and grew his little business into the US$5 billion behemoth it is today. Quikr, the listing website that just gobbled up CommonFloor, shifted to the city in 2014, and Paytm has been talking about doing so as well.

“Bengaluru (the official name for the city, which no one but government officials use) is to tech what Mumbai is to Bollywood,” Paytm CEO Vijay Shekhar told the Economic Times.

The reasons are simple. Long the tech hub of the country, Bangalore first saw “startups” like Infosys and Wipro grow to put Indian IT on the world map. Then came Flipkart, and with it, an entire industry of investors, tech talent, advisors and more entrepreneurs. Success bred success, and Bangalore soon became the melting pot of all things startup in the country.

We all know about the Flipkart and Ola stories. Let’s take a look at the other successful startups that call Bangalore home.

Swiggy

Photo credit Alpha

Photo credit Alpha

Swiggy is the freshest in the lot of startup successes here, rising to the top layers after a US$ 35 million round of funding from some of the best known names in the investor market. The food delivery company has already taken away considerable market share from Zomato, Tinyowl and others that have been around longer. Unlike other food delivery startups, Swiggy owns its delivery fleet, allowing them better control over logistics. With no minimum order requirements but a fee, well trained delivery boys, and a strong backend tech, Swiggy turned the tide in food tech this year, when everyone thought the sector was toxic. The company is now believed to be worth around US$125 million.

Jabong

Jabong funding

Screen grab from website

Jabong was the Myntra competitor before Flipkart and Myntra got together, and Jabong ran into a bunch of problems. The company has seen its founder quit, gotten a new chief, and cleaned up some of its business mess, but is not out of the woods completely.

Local media reports suggest it is up for sale, but can’t find a buyer. It is said to be valued at around US$200 million.

Bigbasket

Photo credit: Ali Karimian

Quikr

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Community Writer

Nivedita Bhattacharjee

Associate Editor, TIA India. Love good apps, tech, books and food. Believer in brevity. Old school in matters of ethics. Tips @tweetsfromnivi or nivedita@techinasia.com