India’s Top Industries for New Startups

India’s startup ecosystem continues to evolve, showcasing a dynamic landscape ripe with innovation and entrepreneurial ventures. Among the myriad industries, certain sectors have emerged as hotbeds of creativity, growth, and entrepreneurial success. Hurun India’s “India’s Top 200 Self-made Entrepreneurs of the Millennia 2023” report sheds light on the top 10 industries that have provided a nurturing environment for new startups in India.

Financial Services

Topping the list is the Financial Services sector, which has witnessed the rise of 46 startups led by visionary entrepreneurs like Hashil Mathur and Shashank Kumar of Razorpay, revolutionizing online payments with innovative solutions.

Retail

Following closely is the Retail sector, with 30 startups making their mark. Radhakishan Damani, the founder of Avenue Supermarts, stands out as a notable figure in this domain.

Healthcare

Healthcare comes third, attracting 26 startups driven by entrepreneurs like Abhay Soi, the brain behind Max Healthcare.

Software & Services

The Software & Services industry has welcomed 21 startups, with Deep Kalra of Make My Trip being a prominent name among startup founders.

Transportation & Logistics

Ranked fifth, Transportation & Logistics has seen the emergence of 16 startups, including Deepinder Goyal’s Zomato, a standout success story in this field.

Education

At sixth place, the Education sector has inspired 10 successful ventures, with founders like Chaitanya Kalipatnapu and Ashwin Damera of Eruditus leading the way.

Consumer Goods

The Consumer Goods sector occupies the seventh spot, boasting 7 startups, with Ravi Modi of Vedant Fashions showcasing remarkable achievements.

Media & Entertainment

In the eighth position is Media & Entertainment, nurturing 8 startups, with Bhavit Sheth and Harsh Jain’s Dream11 making significant strides.

Services

With 7 thriving startups, the Services sector secures the ninth spot, with Urban Company’s founding team of Abhiraj Singh Bhal, Varun Khaitan, and Raghav Chandra making waves.

Hospitality

Finally, the Hospitality industry completes the list with 6 startups, spearheaded by Ritesh Agarwal of Oyo, a visionary entrepreneur in the hospitality domain.

These industries not only reflect the diverse entrepreneurial spirit in India but also offer promising avenues for startups to flourish and contribute to the nation’s economic growth.