The Silicon Review - Best Business Review Magazine 10 Best Startups of the Year 2019 Asia | Page 41

The company launched many new initiatives like QR-code
technique to allow customers to scan the product, browse
information, and make purchases online via the Paytm Mall app.
• Zomato
While many firms were aiming to reach for the top, Zomato, the
food delivery app made it happen and set its foot on the way to
success with achievements and developments one after the other in
the Indian food-tech space. Its market valuation crossed $1 billion
when it raised $200 million in a funding round led by Ant Small and
Micro Financial Services Group. Zomato worked hard throughout
the year to improve its marketing and delivery services and has
also launched various key offers and packages for its customers.
Zomato used to operate in fifteen Indian cities in the beginning
of 2018, but today it has expanded its presence to more than a
hundred cities across India.
• Swiggy
One more firm that has made its mark in the food delivery space
and the Indian unicorn club is Swiggy. Founded in 2013, the
food delivery app raised $201 million in Series H round led by
South Africa’s Naspers. With over ten million app downloads,
Swiggy’s demand has reached to around 50 cities in the country.
It has acquired two on-demand delivery app, namely Scootsy and
SuprDaily to strengthen its operations. Over the course of the year,
Swiggy has been focusing on its hyperlocal expansion in India.
• PolicyBazaar
PolicyBazaar joined the unicorn club after raising a funding of $200
million in June 2018. The online insurance aggregator platform
has scaled its fast growth over the course of 2018 with its new
investment in the health tech sector.
• Freshworks
Freshworks was started by the ex-ZOHO executive and is
headquartered in San Bruno, California. Its offices are set
up in India, the UK, Australia and Germany. The Chennai-
based firm has raised $100 million from existing investors
like Sequoia Capital, Accel Partners and CapitalG. Some
of the clients betting on its global expansion are Honda,
Hugo Boss, Toshiba, etc.
• Udaan
Growing at a very fast rate as a B2B firm, Udaan
made it into the unicorn list in just two years of
its inception. Early in 2018, Udaan raised $50
million in series B funding and in September,
it raised $225 million funding from DST
Global and Lightspeed Venture Partners.
SR