In the last decade, India has seen the entry of 83 startups in the unicorn club and secured the rank of third-largest unicorn hub behind the US and China. Out of 83 whopping 42 startups have made it to the list in just the previous year of 2021. Thousands of startups start their journey every year but only a handful can achieve success (like Unicorns).
What differentiates these successful startups from other not-so-successful startups?
Highly scalable business models or simply the scalability of startups is what makes the gap. The scalability of the business is its readiness to handle growth. Scalability demonstrates the startup’s ability to increase production or accommodate more customers without compromising the smoothness of business operations. It means a startup needs to have a well-organized plan for the scaling of the business and maintain profitability in the long run.
A startup having a solid business plan, the right team and the right tech is likely to be scalable. Startups that can scale up as they grow are more attractive to investors, as it is likely to generate more returns for the investors. There are many examples of scalable startups, some of the well-known scalable startups are- Facebook, Twitter, Instagram, Amazon, Flipkart, McDonald’s etc.
There are multiple start-ups in India and particularly in Tamil Nadu that have performed incredibly over the years and are looking to expand their reach further. After extensive research and analyzing multiple startups, we've come up with the top 5 most scalable start-ups in Tamil Nadu.
1. Pepul
Pepul is a new age interest-based social networking platform from India, where people share their beautiful life stories & skills on their interests. It was established in 2020 and is headquartered in Chennai, Tamil Nadu. Mr. Suresh Kumar is the founder and CEO of the company.
Pepul is the world's 1st ever social network, which introduces the online KYC submission to verify every user's profile authenticity on the platform which makes it the safest social network to share stories, positivity, skills, happiness and love with the world. All thanks to this unique feature, Pepul has achieved unprecedented popularity and scalability in recent times.
With their "Privacy-first" approach and hyperlocal connectivity, users can easily be able to connect safely with nearby like-minded authentic profiles and create real-life communities based on their likes & interests.
Pepul is optimized in such a manner as to minimize irrelevant, negative and loathing content in your feed. Users get immersed personalized content feed, which is recommended based on users interests and common groups. Pepul also respects user privacy by safeguarding user data in the first place and never selling or sharing user data with other parties. Pepul app is available on Playstore, Apple app store & Product hunt.
2. Jinglebid
Jindlebid is one of the most popular e-commerce platforms in India. It was established in May 2020 and is headquartered in Chennai, Tamil Nadu. Mr. Krishnan Naranpatty is one of the founders and also the Chief Executive Officer of the company.
Their core mission is to save customer’s time and money with their decentralized marketplace. Jinglebid refines the best sellers around customer location and onboards sellers who care the most about their customers.
Jinglebid's scalability can be attributed to the following exclusive features:
● Reverse Auction
Reverse Auction is an auction method where the roles are reversed, meaning the sellers of a product are the actual bidders. This essentially means that several sellers are bidding for a sale with one customer. This will benefit the customers and give them an edge to bargain price in their favor.
● Demand-Driven Strategy
Jinglebid lists products that are most rated by customers and based on the demand, the sellers are identified. This makes it more efficient for both the buyers and the sellers.
● Bridging the Buyer-Seller Gap
Conventional online shopping platforms have widened the gap between buyers and brick and mortar stores, whereas Jinglebid bridges this gap by connecting buyers with genuine nearby sellers.
3. GoFloaters
GoFloaters is a leading booking and scheduling service provider for coworking spaces. It is headquartered in Chennai, Tamil Nadu. Mr. Shyam Sundar is the founder and CEO of the company.
GoFloaters aims to foster a dynamic and vibrant community of start-ups, entrepreneurs, freelancers and business professionals. They believe that the 'Future of Office' can be anywhere and everywhere. To realize this idea, they're trying to solve one of the biggest problems of setting office space for startups, freelancers, independent consultants and many such people.
The question is 'Why hire a cubicle which you may not always use?' With GoFloaters companies can discover new ways of managing workspace and can achieve high levels of productivity and creativity. GoFloaters provide complete office solutions for on-demand workspace, conference rooms and training rooms that will help companies to focus on their core business. GoFloaters is a very cost-effective rental solution provider with their innovative "pay as you use model".
4. DigiNadu
DigiNadu is among the most scalable digital marketing and technology companies in India. It is headquartered in Chennai, Tamil Nadu. Mr Thangavel Puhal is the CEO of DigiNadu.
DigiNadu believes in doing things differently and coming up with the best ideas and customized strategies that are unique and in line with your brand image. They aim to bring your brand to life by weaving your brand story and connecting it with the audience. Their aim, as a digital marketing and technology company, is to create interactive content that boosts your brand reach and yields desired results.
They combine brands and technology to provide their client with a high-end user experience. They provide explainer videos and product photography of products, social media management services, Facebook & Instagram marketing, Google ads, SEO & Local SEO, Amazon & Flipkart Ads and digital marketing training.
DigiNadu has a vibrant team of experienced digital enthusiasts that do well-rounded market research and provide out-of-the-box ideas and solutions for their clients. They are result-oriented consultants who ensure sales growth.
Apart from digital marketing they provide web designing, web development services, mobile app development, e-commerce and product designing services to their clients.
5. Ippopay
Ippopay is a Chennai-based premier fintech startup established in 2020. Mr. Mohan K is the CEO and Co-Founder of IppoPay.
Ippopay provides payment infrastructure to small businesses to collect and distribute payments from their customers and vendors. They provide a comprehensive technology for online and offline businesses to accept payments of any kind. They focus mainly on small businesses, freelancers, homepreneurs, women entrepreneurs, and merchants in Tier 2 and Tier 3 towns of the Indian market, promising consistent support and administration in their choice of language. IppoPay helps retail stores to accept all QR payment apps such as Paytm, PhonePe, Google Pay, BHIM and 150+ other UPI apps.
Ippopay provides neo banking solutions and integrated APIs for a faster and risk-free digital experience. Ippopay also provides e-commerce solutions to online businesses. With just a few clicks clients can bring their business onboard and receive payments online from a super custom checkout page. Looking at their past growth and scalability it is no wonder that Ippopay recently raised $2.1 million from seed funding from multiple venture capitalists and other angel investors.
India has come a long way in becoming one of the fastest-growing startup ecosystems from just having a handful of companies to now thousands of new ventures joining every year. Today we have discussed the top 5 most scalable startups in Tamil Nadu. All these startups are leading players in their respective domains and are likely to maintain their scalability for many years to come.
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