Technology Fast 50 50 2020

Technology Fast 50 India 2020 winners report

March 2021 Technology Fast 50 | India 2020 winners report

Foreword

Deloitte Touche Tohmatsu India LLP is technology companies, we source key data thrilled to present the 16th edition of from qualifying businesses across India. the Deloitte Technology Fast 50 India The resulting rankings bear testimony to programme. The programme recognises, the achievement of the fastest-growing 50 honours, and encourages businesses technology businesses (private or public) in and entrepreneurs who have achieved India, based on their revenue performance remarkable revenue growth rates by over the past three financial years. harnessing technology, innovations, and skilled human resources. This year, the overall winner with 7,295 percent growth in revenue is Rupeek We are proud that the programme that Fintech Private Limited (Rupeek), followed started in 2005 has now become a pre- by Camden Town Technologies Private eminent event that recognises excellence in Limited (ZestMoney) with 2,706 percent technology in India. We are overwhelmed growth. Roinet Solution Private Limited is at by the participants’ appreciation and the third place with 2,167 percent growth in continued enthusiasm over the years. revenue over the past three years.

To maintain the comprehensiveness We congratulate the winners on their and quality of rankings for high-growth outstanding achievement.

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16 years and counting

2005 2006 2007 2008 2009 2010

ACL Wireless Limited Drishtee Dot Com Limited RateGain IT Solutions Private Radiant Info Enzen Global Solutions FatPipe Networks 2,102% 1,187% Limited Systems Limited Private Limited India Limited • Technology Fast 50 India • Nominations to 2,641% 2,252% 1,847% 1,765% programme launched Technology Fast 50 India • Collective average growth • The programme • Signs of downturn • Media and entertainment, • It was one of the initial started increasing rate of top 50 winners crossed received the appeared but top 50 and internet-based moves to recognise India's • Winners achieved a 450 percent largest number of winners continued on their businesses made it to technological potential growth rate of over 100 • The winner that ranked 50 nominations to date growth paths top 50 percent recorded a three-year average growth rate of over 150 percent 2016 2015 2014 2013 2012 2011

GreyCampus Edutech F1 Info Solutions & Brain4ce Education Ardom Telecom Private Limited Online Recharge Services Ubona Technologies Private Limited Services Private Limited Solutions Private Limited 12,023% Private Limited Private Limited 1,622% 3,961% 2,768% • Year of many firsts for the Tech Fast 5,227% 1,353% • Top 30 recorded three-year • The overall winner • Deloitte Technology Fast 50 programme in India • High growth rates • Average growth rates average revenue growth of recorded the third highest 50 India celebrated its • First time a winner crossed the rebounded and we were lower, but signs more than 200 percent, which growth rate ever in the past 10th anniversary 10,000 percent growth mark were tempted to ask: of stability among fast- was last seen in 2009 11 years • Over 50 percent of top • Internet-enabled businesses “Downturn, where?” growing technology • 27 repeat winners and 23 new • Top 25 recorded 200 50 winners recorded marked their dominance as growth • First time a top 50 companies entrants percent plus growth rate more than 200 percent leaders India winner recorded • Businesses in tier • 6 repeat winners (featured in • 31 repeat winners; of growth rate • Highest-ever collective average a three-year average 2 cities give tough top 50 four times or more) which, 12 improved on growth rate of top 50 winners at growth rate in excess of competition to those in their prior rankings over 650 percent 5,000 percent metro cities

2017 2018 2019 2020

Polestar Solutions and Services India LLP Mogli Labs (India) Private Limited Smartpaddle Technology Private Limited Rupeek Fintech Private Limited 805% 11,836% 8,271% 7,295 % • 36 repeat winners, including 18 first- • The company was featured in top • Top six companies crossed the thousand • Top seven companies crossed the time winners from 2016 50 for the second time; the top two percent mark in three-year average growth thousand percent mark per three-year • 10 businesses repeated their win (four companies in 2018 crossed the 10,000 rate average growth rate. times or more) percent mark in revenue growth • Combined three-year average growth rate • Combined three-year average growth • Combined three-year average growth • 20 repeat winners of top 50 companies was 617 percent rate of top 50 companies is 559 percent. of top 25 was over 322 percent with top • New age businesses were • Niche technology and technology-enabled • Four of the top six winners operate in 39 individually recording more than 100 established businesses are taking prime spots in the the Fintech space. percent three-year growth list of winners 04 05 Technology Fast 50 | India 2020 winners report Technology Fast 50 | India 2020 winners report

Rank Winner Location Three-year Past wins Deloitte Technology Fast 50 average (year, growth rate rank) JustCall Slabs Technologies Private India 2020 ranking 8 Ghaziabad 965% 2019 (5) Limited www.justcall.io Rank Winner Location Three-year Past wins AeoLogic average (year, Aeologic Technologies growth rate rank) 9 Ghaziabad 676% Private Limited Rupeek www.aeologic.com Rupeek Fintech 1 Bengaluru 7,295% InstaSafe Private Limited Instasafe Technologies 2019 (17), www.rupeek.com 10 Bengaluru 574% Private Limited 2018 (49) ZestMoney instasafe.com Camden Town Technolgies 2 Bengaluru 2,706% Moglix Private Limited Mogli Labs (India) Private 2019 (6), www.zestmoney.in 11 Ghaziabad 503% Limited 2018 (1) ROINET www.business.moglix.com Roinet Solution Private 3 Gurgaon 2,167% 2019 (10) Razorpay Limited Razorpay Software Private roinetsolution.com 12 Bengaluru 465% 2018 (2) Limited DataBeat www.razorpay.com DataBeat Consulting Private 4 1,349% Limited The Math Company Private www.databeat.io 13 Limited Bengaluru 457% 2019 (2) www.themathcompany.com Cashfree Cashfree Payments India Successive Technologies 2019 (37), 5 Bengaluru 1,293% Private Limited 14 Private Limited Ghaziabad 434% 2017 (32), www.cashfree.com www.successive.tech 2016 (30) Infinite Uptime NoPaperForms Infinite Uptime India Private Nopaperforms Solutions 6 1,270% 15 Gurgaon 429% Limited Private Limited www.nopaperforms.com www.infinite-uptime.com Sankey Business Solutions Motadata Mindarray Systems Private 2019 (4), 7 Private Limited Thane 1,109% 16 427% www.sankeysolutions.com Limited 2018 (11) www.motadata.com

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Rank Winner Location Three-year Past wins Rank Winner Location Three-year Past wins average (year, average (year, growth rate rank) growth rate rank) Urban Company SCIKEY Urbanclap Technologies 26 SRkay Consulting Group LLP Pune 196% 17 Gurgaon 368% 2019 (8)

India Private Limited www.scikey.aiTM www.urbancompany.com VMukti 2018 (29), 2019 (27), TM Vmukti Solutions Private White Rivers Media 27 VMukti TM Ahmedabad 188% 2015 (2), 2018 (25), LimitedVMukti 18 Solutions Private Limited 368% 2014 (22) 2017 (10), www.vmukti.com www.whiteriversmedia.com 2016 (42) 2019 (29), Cedcoss Technologies Vedantu 2018 (22), 28 Private Limited 177% Vedantu Innovations Private 2017 (46), 19 Bengaluru 365% www.cedcoss.com Limited 2016 (34) www.vedantu.com To The New xoxoday 29 TO THE NEW Private Limited Ghaziabad 175% Nreach Online Services www.tothenew.com/ 20 Bengaluru 343% 2017 (9) Private Limited 2019 (45), www.xoxoday.com Tiger Analytics India LLP 2018 (36), 30 169% Panacea Infosec Private www.tigeranalytics.com 2017 (16), 21 Limited New Delhi 245% 2016 (10) www.panaceainfosec.com 2019 (25), Valueleaf Services India Uniphore 2018 (32), 2015 (10), 31 Private Limited Bengaluru 165% Uniphore Software Systems 2017 (20), 22 Chennai 235% 2014 (27), www.valueleaf.com Private Limited 2016 (29) 2012 (17) www.uniphore.com Trinity Mobility Private Zessta Software Services 32 Limited Bengaluru 163% 23 Private Limited Hyderabad 208% www.trinitymobility.com www.zessta.com Happay RateGain VA Tech Ventures Private 33 Bengaluru 161% RateGain Travel Limited 24 Ghaziabad 200% 2019 (43) Technologies Private Limited www.happay.com rategain.com Izealiant Technologies 2019 (30), 34 Private Limited Pune 158% 2019 (14) leadsquared 2018 (18), www.izealiant.com MarketXpander Services 25 Bengaluru 199% 2017 (5), Private Limited EdGE NETWORKS 2016 (26), AVR Edge Networks Private 2017 (25), www.leadsquared.com 35 Bengaluru 153% 2014 (17) Limited 2016 (22) www.edgenetworks.in

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Rank Winner Location Three-year Past wins Rank Winner Location Three-year Past wins average (year, average (year, growth rate rank) growth rate rank) iMerit Neebal Imerit Technology Services 2019 (20), Neebal Technologies Private 36 149% 44 Mumbai 94% 2019 (48) Private Limited 2018 (21) Limited www.imerit.net www.neebal.com BRIDGEi2i Qburst 2017 (15), 2015 (36), Bridgei2i Analytics Solutions Qburst Technologies Private 37 Bengaluru 135% 2016 (16), 45 Trivandrum 92% 2013 (36), Private Limited Limited 2015 (13) 2012 (29) www.bridgei2i.com www.qburst.com Innoviti Arcon Techsolutions Private Innoviti Payment Solutions 46 Limited Mumbai 92% 2018 (37) 38 Bengaluru 131% Private Limited https://arconnet.com www.innoviti.com Incture Technologies Private DigitalAPICRAFT 47 Limited Bengaluru 86% 2015 (24) Digitalapicraft Private 2019 (7), incture.com 39 Bengaluru 123% Limited 2018 (10) Phonon www.digitalapicraft.com Phonon Communications 2019 (3), 48 86% Nadhi Information Private Limited 2016 (47) 2017 (36), 40 Technologies Private Limited Chennai 113% www.phonon.io 2016 (36) www.cosmican.com Arrka Infosec Private Limited Algoworks 49 Pune 84% 2019 (36) 2015 (35), www.arrka.com Algoworks Technologies 41 Algoworks Ghaziabad 110% 2014 (35), Private Limited Lekha Wireless Solutions 2017 (38), 2013 (22) www.algoworks.com 50 Private Limited Bengaluru 76% 2014 (36), www.lekhawireless.com 2013 (7) Srijan Technologies Private 42 Limited New Delhi 109% www.srijan.net 2019 (46), 2018 (41), ZIFO RnD 2017 (24), Zifo Technologies Private 2016 (40), 43 Chennai 106% Limited 2015 (27), www.zifornd.com 2014 (39), 2013 (35), 2012 (21)

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About Deloitte About Deloitte Technology

All the facts and figures that talk to society to achieve remarkable goals, solve Fast 50 India programme our size and diversity and years of complex problems or make meaningful experiences, as notable and important as progress. Deeper still, it’s in the beliefs, they may be, are secondary to the truest behaviors and fundamental sense of The Technology Fast 50 India programme operate in different areas of technology measure of Deloitte: the impact we make purpose that underpin all that we do. was launched in 2005 by Deloitte Touche ranging from internet, biotechnology, in the world. So, when people ask, “what’s Deloitte globally has grown in scale and Tohmatsu India LLP (DTTILLP). It is a part medical, and scientific to computers/ different about Deloitte?” the answer diversity—more than 312,000 people in of an integrated Asia Pacific programme hardware. The programme recognises the resides in the many specific examples of 150 countries, providing multidisciplinary recognising India’s fastest-growing and fastest-growing technology companies in where we have helped Deloitte member services yet our shared culture remains most dynamic technology businesses India based on their percentage revenue firm clients, our people, and sections of the same. (both public and private). These businesses growth over the past three financial years.

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Contact

Rajiv Sundar Kapil Bellubi Programme Director Director, Technology Fast 50 India Deloitte Touche Tohmatsu India LLP Partner, [email protected] Deloitte Touche Tohmatsu India LLP [email protected] [email protected] [email protected]

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