CRED, upGrad & Groww – top start-ups of this year

CRED, upGrad & Groww

LinkedIn, Online professional network on Wednesday released a list of the top 25 start-ups in India that have shown resilience in an uncertain market environment, and are continuing to innovate in 2022.

Unified Payments Interface CRED, topping this year’s list. Valued at USD 6.4 billion, this young start-up maintained its podium position on the LinkedIn Top Startups list, moving from the third spot in 2021 to number one in 2022.

Also read: upGrad to invest $40mn more in Harappa Education

According to a a LinkedIn statement, “Besides gaining popularity for its quirky ads in the past two years, CRED is also setting new benchmarks for employee well-being by offering benefits such as ElderCare, egg freezing, and one-on-one support for mental wellness to its employees.”

Groww is an online investment platform that provides an objective evaluation of various investment opportunities through stocks and mutual funds.

This year’s list also features new entrants including e-grocery company Zepto (4th), full-stack car buying platform Spinny (7th), and insurtech start-up Ditto Insurance (12th) – all of which are online platforms that are making financial, mobility, and essentials more accessible for consumers in India today.

In fact, 58 per cent of all jobs posted by these start-ups on LinkedIn during the period from August 1, 2021 to July 31, 2022 were based out of Bengaluru.

The Indian start-up ecosystem displays great resilience as the country continues to see a rise of new start-ups with 68 per cent of entrants on the list appearing for the first time, said Nirajita Banerjee, Managing Editor, LinkedIn News India,.