Startups founded by IITians have made remarkable contributions across technology and e-commerce to healthcare, finance, and sustainability. This article introduces you to the 10 most successful startups by IITians.

Ever wondered who made your life this easy? The food you order online, the cabs you book online, and the products you buy online are all somewhere a huge company that succeeds in fulfilling your every day to day needs. This article will surprise you with the names when you will realize those companies are startups by the Indian IITians.

Startups founded by Indian Institutes of Technology (IIT) alumni have gained considerable attention and recognition in recent years, both within India and on the global stage. A growing number of IITians have ventured into the world of entrepreneurship, bringing forth innovative ideas and disrupting various industries.

Zomato

Zomato is an Indian multinational Online food delivery company. The company was founded by Deepinder Goyal (IIT Delhi notable alumni) and Pankaj Chaddah in 2008. Zomato has successfully made it to the hearts of people by fulfilling their taste buds. Zomato lists menus, user reviews, and restaurants as well as provides food delivery options from partner restaurants in more than 1,000 Indian cities and towns, as of 2022-23. Zomato was founded as FoodieBay in 2008 and later renamed to Zomato in 2010. On 24 June 2022, Zomato acquired Blinkit (formerly Grofers) as well.

Company Overview

Founded YearJuly 2008
LocationGurugram, Haryana, India
IndustryOnline Food Ordering
Revenue7,079 Crore
FoundersDeepinder Goyal
Pankaj Chaddah
Zomato Company Overview

Flipkart

Flipkart Private Limited, one of the most successful startups by IITians, is an Indian e-commerce company. The company is headquartered in Bengaluru, Karnataka, India, and incorporated in Singapore as a private limited company. Flipkart was founded in October 2007 in Mumbai by Sachin Bansal and Binny Bansal (IIT Delhi notable alumni).

In its initial days, Flipkart was an online book store before expanding into other product categories such as consumer electronics, fashion, home essentials, groceries, and lifestyle products. Flipkart rivals another successful E-commerce company -Amazon. Flipkart also operates many of its house brands like Citron(home appliances) and Digiflip.

Company Overview

Founded Year2007
LocationBengaluru, Karnataka, India
IndustryE-Commerce
Revenue₹61,836 crore
FoundersSachin Bansal
Binny Bansal
Flipkart Company Overview

OLA

Ola Cabs is another to the list of successful startups by IITians which is an Indian multinational ride sharing company. The OLA cabs revolutionized the world of transportation.

Ola Cabs provides ride-hailing services ranging from economic to luxury travel throughout the world. Ola Fleet, Ola Foods, Ola Dash, and Ola Financial Services are some of the more expanded businesses under the same company.

Company Overview

Founded Year3 December 2010
LocationBengaluru, Karnataka, India
IndustryTransportation
Revenue₹983 crore
FoundersBhavish Aggarwal
Ankit Bhati
OLA Company Overview

Quikr

Quikr is an Indian online marketplace and classified advertising company. Quikr’s launch made household products easy and accessible to buy and resell. It was founded by Pranay Chulet and Jiby Thomas in 2008. Quikr is a free marketplace that helps users sell, buy, rent, or discover anything across India. It lists products in categories such as mobile phones, household goods, cars, real estate, jobs, services, and education.

Quikr was initially launched as Akshay Mote India in August 1996 and later re-branded as “Quikr”, which was jointly owned by Matrix Partners and eBay Inc. Quikr provides even the smallest of the services of instant messaging and missed calls.

Company Overview

Founded Year2008
LocationBengaluru, Karnataka, India
IndustryAdvertising marketplace, E-commerce
RevenueUS$1.5 billion (2019)
FoundersPranay Chulet
Quikr Company Overview

Tata 1mg

Tata 1mg is a healthcare e-commerce platform. The platform made it easy to do all health-related check-ups, diagnostics, and purchasing medicines easier than it has ever been. It was founded in April 2015 by Prashant Tandon (CEO), Gaurav Agarwal(CTO), and Vikas Chauhan. In 2012, BLPL (Bright Lifecare Private Limited) started a digital health platform called HealthkartPlus. In 2015, Healthkart Plus separated from BLPL to form 1MG Technologies Private Limited.

Company Overview

Founded Year2015
LocationGurugram, Haryana, India
IndustryHealthcare E-commerce
ServicesPrashant Tandon
Gaurav Agarwal
Vikas Chauhan
FoundersPrashant tandon
Gaurav Agarwal
Vikas Chauhan
Tata 1mg Company Overview

Myntra

Myntra is a widely popular fashion e-commerce company. The company is headquartered in Bengaluru, Karnataka, India. Initially, the company was founded in 2007-2008 to sell personalized gift items and later turned into a fashion and beauty e-commerce company. Myntra operated on the B2B (business-to-business) model during its initial years.

In May 2014, Myntra.com was acquired by Flipkart in a deal valued at ₹2,000 crore.

Company Overview

Founded Year2007
LocationBengaluru, Karnataka, India
IndustryE-commerce
SubsidiariesFitiquette, Roadster
FoundersMukesh Bansal
Vineet Saxena
Ashutosh Lawania
Myntra Company Overview

Dehlivery

Delhivery was established in May 2011 as SSN Logistics Ltd. Initially it was a hyperlocal express delivery service provider for offline stores. Then in August 2011, Delhivery switched completely to offering logistics services to many e-commerce companies. Sahil Barua is the CEO of Delhivery and Co-Founder Kapil Bharati is the CTO of Delhivery. Sandeep Barasia, Managing Director was appointed as the Chief Business Officer in December 2018. As of November 2021, the largest stakeholders in the company are SoftBank Group (22.78%) and Nexus Venture Partners (9.23%).

Company Overview

Founded YearMay 2011
LocationGurugram, Haryana, India
IndustryLogistics
Revenue₹7,225 crore
FoundersSahil Barua
Mohit Tandon
Bhavesh Manglani
Suraj Saharan
Kapil Bharati
Dehlivery Company Overview

Housing.com

As the name suggests, Housing.com is a real estate search portal that allows customers to search for housing based on geography, number of rooms, and various other filters. It is a Mumbai-based company.

A group of twelve students from the Indian Institute of Technology, Bombay founded Housing. co.in June 2012. The company lists properties submitted by users, brokers, or owners, on an interactive map. The company made the buying and selling of property with the utmost ease at our fingertips.

Company Overview

Founded Year3 December 2010
LocationMumbai, Maharashtra, India
IndustryE-commerce, Real estate, Classifieds
CEODhruv Agraval
FoundersRahul Yadav
Housing.com Company Overview

Shopclues

ShopClues is an Indian online marketplace, owned by Clues Network Pvt. Ltd. The company was established in July 2011 by Sanjay Sethi, Sandeep Aggarwal, and Radhika Aggarwal. ShopClues provides home and kitchen, fashion, electronics, and daily utility items. In June 2016, the online marketplace reached half a million sellers on its platform, claimed to be the highest in the Indian e-commerce industry.

Sanjay Sethi is the Co-Founder and Chief Executive Officer (CEO) of Shopclues. Sandeep Agarwal is the Co-Founder and Chief Operations Officer (COO) and Radhika Aggarwal is the Co-Founder and Chief Business Officer (CBO).

Company Overview

Founded YearJuly 2011
LocationGurugram, Haryana, India
IndustryE-commerce
Area ServedIndia
FoundersSanjay Sethi
Shopclues Company Overview

Snapdeal

Snapdeal is another production of IIT alumni. It was founded on 4 February 2010 as a daily deals platform, before expanding to become an online marketplace in October 2011. Snapdeal is an Indian e-commerce company, based in New Delhi, India. It was founded in February 2010 by Kunal Bahl and Rohit Bansal. It is one of the largest online marketplaces in India.

Company Overview

Founded Year2010
LocationNew Delhi, India
IndustryE-commerce
Revenue₹510 crore
FoundersKunal Bahl
Rohit Bansal
Snapdeal Company Overview

Some More Successful Startups by IITians

Here is an expanded list of the successful startups by the IITians from different IITs.

StartupFounder’s IIT
InfosysIITB
Swiggy IITKGP
Udaan IITKGP, IITD
Policy Bazaar IITD, IITKGP
InMobi IITK
upGrad IITD
Grofers IITB, IITD
InShorts IITKGP, IITD
Vedantu IITRookee, IITB
ixigo IITK
MPL IITK
Rupeek IITB
NoBroker IITK, IITB
WebEx IITB
Rapido IITKGP
AcadBoost IITB
IIT RoorkeeIITM
Next Education IITKGP
Classplus IITRookee
Innovaccer IITKGP
Toppr IITB
cure.fit IITK
CarWaleIITM
HomeLaneIITM
Successful startups by IITians