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Zepto is the top startup to work for in India in 2024, according to LinkedIn. LinkedIn released its seventh annual top startups list for India, showcasing the country's emerging companies based on data from the professional social-networking site. In fact, India has the third-largest startup ecosystem in the world, according to official government site Startup India. In addition, the report noted the number of startups in India rose 71.5% from about 20,000 startups in 2021 to over 34,000 startups 2023. These are the top 10 emerging startups in India, according to LinkedIn:
Persons: Zepto, Lee Organizations: LinkedIn, Startup, Lee Kuan Yew, of Public, National University of Singapore Locations: India, U.S, China
Invesco, a minor shareholder in Swiggy, in May valued the Indian company at around $5.5 billion, it said in a filing. Swiggy had initially considered raising $800 million to $1 billion via the IPO, banking sources who worked on it in early 2022 have said. Swiggy, JP Morgan and Morgan Stanley did not respond to requests for comment, while Bank of America declined to comment. The three sources said Swiggy is aiming to list between July-September 2024 which would be after national elections in India due by May. Swiggy in May said its core food delivery business had turned profitable, nine years after starting operations, even as its newer grocery delivery service, Instamart, continues to make losses.
Persons: Niharika Kulkarni, Swiggy, Morgan Stanley, JP Morgan, Zomato's, Sriram, Aditya Kalra, Jane Merriman Organizations: Bombay Stock Exchange, REUTERS, Bank of America, Thomson Locations: Mumbai, India, MUMBAI, Swiggy
LinkedIn has released its annual list of top companies in India to work for and "a vast majority" of them are in either financial services or banking. According to the professional networking platform, 10 out of 25 companies are from that space this year — a shift from last year's list which was dominated by tech companies. "In India, the accounting and financial services sector witnessed a significant growth during the pandemic," said Pooja Chhabria, LinkedIn career expert and head of editorial for APAC. India's "LinkedIn Top Companies 2023″ list also saw 17 companies making their debut — an indication of "strong momentum" in the country's business ecosystem, Chhabria said. One of such companies is Zepto, which was also part of the "LinkedIn Top Startups list" last year — a testament to its "significant scale and growth," LinkedIn added.
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