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Hottest Indian startups of 2020, Paytm, Dreams 11 lead the charge: Wizikey Report

 


Paytm has topped the list of the 100 hottest startups of 2020, according to a report conducted by Wizikey, a PR- SaaS startup.

Interestingly, as per the The Hottest Startups of 2020 report, all the top ten startups on the list are unicorns, namely Paytm, Dream11, Zomato, Ola, Swiggy, Big Basket, Oyo, Byjus, Snapdeal, and Unacademy (mentioned according to rank).

Wizikey said Paytm tops the list in terms of creating the most consistent buzz throughout the year while Dream11 bags the title for prominence of its brand.

Further, 19 of the top 100 startups are from the Fintech industry. The fairly new entrant in the startup world Cred swiftly found a spot at number 11 in a short span of time.

The B2C e-commerce industry, especially beauty, also made a splash in 2020 with players like Nykaa and Purplle. Big Basket found itself leading the sectoral list but ranking overall at number 6, above Grofers which is ranked at 15.

“Fintech is clearly doing it right and is leading the ranks, having found maximum prominence in our list. Furthermore, as we deep dive into sectors, while the top players continue to lead the way, it is exciting to see some new names surface to the list,” said Anshul Sushil, CEO & Co-Founder, Wizikey.

The report was created with Wizikey’s proprietary AI and ML technology, data mining and analysis within startups and unicorns in the ecosystem. A total of 5 million news articles crawled over the year, and have been used for analysis in this report. These articles are spread across 500+ distinct publications.

"We have considered the top 100 Startups and Unicorns according to the amount of funding received by them. Wizikey has extensively studied the data and has applied NLP, Data Mining, Text Analytics and relevant statistical concepts to formulate the data points that we present in this report," the company said.

Enterprise-tech, another stable industry, did not see any player from its segment getting featured in the top 20. Leading the pack is Freshworks at rank 37.

Having witnessed a boom in investments and consumer interest, the Edtech industry reimagined itself to match up to the demand for education via the digital medium. Byjus and Unacademy at 8 and 10 rank took the hotspots in the category. Both the unicorns were abuzz for diverse reasons - from funding to expansions and acquisitions, the company said.

Sandip Ginodia , CEO

ALTIUS INVESTECH PVT LTD

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For latest prices visit : www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .

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