Indian Economy News

CRED, upGrad, Groww claim top spots in LinkedIn's Indian startups ranking

  • IBEF
  • September 29, 2022

On September 28, 2022, the online professional network LinkedIn published a list of the top 25 startups in India that have sustained amid a shaky economic climate and are planning to innovate in 2022.

CRED, a unified payments interface, comes in first place this year. This young start-up, valued at US$ 6.4 billion, kept its top rank on LinkedIn's list of top startups, climbing from third place in 2021 to first place in 2022.

UpGrad, one of India's major online higher education companies that curates a wide range of upskilling options for professionals and college students, holds the second spot on the list, with Groww coming in third.

New entrants to the list this year include the fourth-ranked e-grocery company Zepto, the seventh-ranked full-stack car-buying platform Spinny, and the twelve-ranked insurtech start-up Ditto Insurance. These online platforms are making financial, mobility, and essentials more accessible for consumers in India today.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.