Ritesh Agarwal-led OYO has made it to the top of LinkedIn’s list of top 25 startups to work for in 2019. The 2019 LinkedIn Top Startups list reveals the 25 hottest companies where Indians want to work now.
This list, LinkedIn said in a blog post, brings forth companies that are ‘growing massively, scrambling industries, shifting talent flows around the world and, often, altering how we work and live’. It also looks at how these companies influence growth and opportunity for the country’s workforce and the economy.
"It's a big day for all of us at OYO today as we have once again topped the prestigious list of LinkedIn Top Startups in India 2019…I want to congratulate every OYOpreneur who is the custodian of our company's culture and the driver of our success at every level for their continued commitment to the company's mission. Growing talent across different roles, regions and geographies continues to be one of our top five priorities for this year, and with this honour, I am certain that we will continue to attract good talent, with diversity in thought and passion for excellence. We also have a robust, resilient and diversified group of leaders, that have stood by the organization and personified distributed leadership in true sense, the key to OYO’s fast-paced growth and success,” Aditya Ghosh, CEO, India & South Asia, OYO Hotels & Homes said.
While OYO made it to the top by expanding its services across 80 countries and becoming a decacorn in 12 months, Cure.Fit comes second with its foray into international markets and $100 million in annual revenue within three years of inception.
Online consultation platform TapChief stood third while Razorpay comes fourth. Apart from TapChief, the top 10 features three new entrants this year, Bounce (5th), the world’s fastest growing bike sharing startup, Playment (6th), an AI-driven crowdsourced marketplace, and mfine (9th), an online doctor consultation platform. Rivigo (7th), Acko General Insurance (8th) and InterviewBit (10) make up the rest of the top 10.
"We are thrilled to be a part of this ranking and would like to thank the team at LinkedIn for acknowledging our hard work…As we scale, we are looking at hiring across all disciplines. Through such accolades, we hope to attract passionate individuals to be a part of our journey in transforming the commute in India,” Vivekananda HR CEO & Co-Founder, Bounce said in a statement.
The entire list is available on LinkedIn’s blogpost.
Nearly 50% of the companies on the 2019 Top Startups List for India are Bengaluru-based, including Cure.Fit, TapChief, Bounce and Udaan.
“I am delighted that Bizongo is part of 2019 LinkedIn Top Startups list. This recognition reflects the journey that started in 2015 with my co-founders Sachin Agrawal and Ankit Tomar. We brought different things to the table but the underlying theme was the urge to create an organisation where we put people first, listen to them and enable them to take ownership and make an impact. This approach has worked well for Bizongo since its inception and being part of the list validates our thought process. I am sure that our values of Collaborations, Upscaling, Learning and Transparency will hold us in good stead in the future also,” Aniket Deb, Co-founder & CEO of Bizongo said. Bizongo, an online multicategory packaging platform in the B2B space ranked 23rd in the list.
LinkedIn’s study also shows that AI is disrupting the healthcare and wellness industry. Another find it that Skilling is key and Indian companies are future proofing their talent pools by proactively working towards bridging the skills gap in the current workforce. “This explains why e-learning platforms InterviewBit (from #22 in 2018 to #10 in 2019) and upGrad (from #21 in 2018 to #14 in 2019) have jumped to higher spots on the list, while WhiteHat Jr (#22) marks its debut this year,” LinkedIn said in a statement.
“The list is symbolic of the thriving ecosystem, and features companies that are vanguards of key trends in e-learning, healthcare, and financial services. In terms of creating opportunity, the startup ecosystem continues to flourish by fulfilling employment needs across various industries in the midst of the economic slowdown. Our data shows that these 25 companies collectively created about 18,000 jobs in the past year, and are expected to create more than 19,000 new employment opportunities in the coming 12 months,” says Adith Charlie, India Managing Editor, LinkedIn.
These startups were chosen based on data on employment growth, engagement with the company and its current employees, job interest and attraction of top talent.