The Indian market has become a thriving hub for startups. Here's a list of the top 10 most profitable startups in India, based on their FY23 revenues:
10. TBO Academy (Revenue: Rs 10.72 billion): It is an online learning platform for travel agents and tour operators.
9. Rent Alpha (Revenue: Rs 4 billion): It provides equipment rental solutions to large & mid-sized Corporates.
8. Honasa Consumer (Revenue: Rs 15.15 billion): It produces multi category beauty products and records an annual profit of Rs 1.51 billion.
7. Infra Market (Revenue: Rs 118.91 billion): It is an online platform that offers purchasing of construction materials.
6. Oxyzo (Revenue: Rs 57.05 billion): Provides micro loans for businesses. It made an annual profit of Rs 1.98 billion.
5. Intellect Design Arena (Revenue: Rs 228.26 billion): It provides cloud-based solutions for banking management.
4. Epsilon Carbon ( Revenue: Rs 301.69 billion): It is a manufacturer of coal tar derivatives.
3. Ofbusiness (Revenue: Rs 1,565.86 billion): It offers a wide range of industrial materials for businesses.
2. Gameskraft (Revenue: Rs 273.21 billion): It is a provider of skill-based gaming platform for mobile and computer games.
1. Zerodha (Revenue: Rs 687.71 billion): It is a provider of equity investments, industrial broking, retail services, currencies and commodities trading platform.