The world’s largest online professional network, LinkedIn has released its 2022 LinkedIn Top Startups List for India, revealing the top 25 startups that have shown resilience in an uncertain market environment, and are continuing to innovate in 2022.
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To compile this year’s list, LinkedIn looked at platform data from July 2021 to June 2022 across four pillars: employee growth; jobseeker interest; member engagement within the company and its employees; and how well these startups pulled talent from its flagship LinkedIn Top Companies list.
Key points:
- Topping this year’s list is the unified payment interface CRED (#1). Valued at $6.4 billion, this young startup maintained its podium position on the LinkedIn Top Startups list, moving from #3 in 2021 to #1 in 2022.
- The next highest placing businesses on the list include upGrad (#2), one of India’s largest online higher education companies that curates vast upskilling opportunities for professionals and college students, followed by Groww (#3), an online investment platform that provides an objective evaluation of various investment opportunities through stocks and mutual funds.
Here’s a list of the 25 companies that made it to the LinkedIn Top Startups 2022 India list, in order of ranking:
- CRED
- upGrad
- Groww
- Zepto
- Skyroot Aerospace
- MBA Chai Wala
- Spinny
- The Good Glamm Group
- GrowthSchool
- BluSmart
- ShareChat
- Ditto Insurance
- Simpl
- Rapido
- Classplus
- Park+
- BlissClub
- DealShare
- Ultrahuman
- Living Food
- FamPay
- AgniKul Cosmos
- Stanza Living
- Pocket FM
- Zypp Electric
The Startups Chosen For The Ranking?
- LinkedIn measures startups based on four pillars: employment growth, engagement, job interest and attraction of top talent.
- Employment growth is measured as a percentage headcount increase over the methodology time frame, which must be a minimum of 10%.
- Engagement looks at non-employee views and follows of the company’s LinkedIn page, as well as how many non-employees are viewing employees at that startup.
- Job interest counts rate at which people are viewing and applying to jobs at the company, including both paid and unpaid postings.
- Attraction of top talent measures how many employees the startup has recruited away from any global LinkedIn Top Company, as a percentage of the startup’s total workforce.
- Data is normalised across all eligible startups. The methodology time frame is July, 1 2021 through June 30, 2022.
- To be eligible, companies must be fully independent, privately held, have 50 or more full-time employees, be 7 years old or younger and be headquartered in the country on whose list they appear.
- All staffing firms, think tanks, venture capital firms, law firms, management and IT consulting firms, nonprofits and philanthropy, accelerators and government-owned entities are excluded.
- Startups which have laid off 20% or more of their workforce within the methodology time frame are also ineligible.
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