Top 10 Fastest Growing Startups
With the continuance of the fourth revolution known as the digital revolution, there have been seen a high degree of transformation in the performance of businesses globally. The upcoming years are predicted to be the years of entrepreneurship or as defined as the wave of startups. Startups are more reliable and convenient to perform because it is the fruit of one’s own mind, creation and innovation are the major pillars of it.
Startups are diverse in nature as they fall into various series of categories – tech, food services, logistics and education etc. In last few years, the world has witnessed a spark growth in the funding of some of the Startups, who are performing drastically commendable.
Here is the list of some Startups giant worldwide, standing in the queue to become a unicorn.
1. Preply
5 year’s search growth: 1900%
Received funding: $50.6M (Series B)
What it is all about:
It is a one-to-one language tutoring service, built upon a marketplace model like Upwork. Under it, Students can select tutors from over 180 countries to help them learn anything from Chinese to English.
Also, it promotes human learning by providing placement tests with AI voice recognition, interactive vocabulary exercises and many more. It was founded in 2012, Brookline, Massachusetts. As of 2022, Preply connects over 140,000 tutors teaching 50 languages in 203 countries.
Accolades
In May 2020, Preply won “The Revenue Hack of 2020” at the Ukrainian Startup Awards. In July 2021, Preply was the finalist for the 2021 Europas award for “Hottest EdTech Startup in Europe”.
2. Linktree
5 year’s search growth: 9600%
Received funding: $165.7M (Series B)
What it is all about:
It is a formulated in such a way to help the content creators and influencers to share their content across the platforms via a free bio link tool. It was founded in 2016, Melbourne and Sydney (Australia). The basic idea behind the startup is the developers’ annoyance with social
media that can’t allow multiple hyperlinks in profiles. The most interesting thing is that it was created in six hours.
Accolades
In 2019, Linktree is included in CNBC’s Upstart 100 list of “brightest, most intriguing, young startups promising to become the great companies of tomorrow”. In March 2020, Fast Company placed Linktree as fourth place in the Most Innovative Companies of 2020′ list in the social media category for making Instagram’s “link in bio” into a sleek menu for sharing articles, merch or paid partnerships. Apart from it, it got featured in Forbes, Entrepreneur and Digital Trends, Linktree continues to expand its wings through the features like Payments and Shopify integration.
3. Fandom
5 year’s search growth: 408%
Received funding: $145.4M (Series E)
What it is all about:
It is a wiki hosting service company which hosts wikis mainly on entertainment (i.e., video games, movies and entertainers). Its domain is operated by Fandom, Inc., a for-profit Delware company founded in October 2004 by Jimmy Wales and Angela Beesley. It is situated in San Francisco, California. It stands with 315M rabid fans across 250K communities from Halo to Game of Thrones interact with the site on a monthly basis. Over 1.2B gaming questions are answered every month with a user base of 125M gaming users across the world.
4. Lalamove
5 year’s search growth: 983%
Received funding: $2.5B (Series F)
What it is all about?
Technology based company provides delivery services by connecting users with delivery drivers on their Android and web apps. In 2021, Lalamove connected over 7 million customers and with a giant pool of 700,000 delivery drivers. It was founded in 2013 by Shink Yuk Chow in Hongkong. After its establishment, the company expanded immensely spreading its markets reaching Singapore in 2014 and Bangkok and Taipei in 2015. In 2019, Lalamove remained successful in raising US$300 million in a Series D round of funding.
5. Labster
5 year’s search growth: 771%
Received funding: $103.5M (Series C)
What it is all about?
It is a virtual learning software-based platform founded in 2011, provided virtual labs to students to experiment anything and everything. What make it more convenient to use is that Labster simulation can be played without installing any browser plugins. An idea platform to the students globally to build a scientific temperament, stimulate their natural curiosity, knowledge retention and outcomes with a far-reaching effect.
6. Oura Ring
5 year’s search growth: 5200%
Received funding: $148.3M
What it is all about?
Oura ring is a tool used conveniently get fit in your fingers to measure your heartbeat sleep cycle, activity and temperature of your body. A company founded in 2013 in finland, provides us health with fashion, an amazing combination. Recently Oura Ring partnered with Gucci to launched $950 smart rings, which will help it to expend its marketplace. One of its biggest competitors is Go2Sleep Rings, which is quite less expensive and worthful to buy. It would be heart throbbing to watch how the industry marks its glory in the upcoming wave of entrepreneurship.
7. Clockify
5 year’s search growth: 99X+
Received funding: Undisclosed
What it is all about?
Clockify provides a software which track time and timesheet apps which will help you to track work hours across projects. Time tracking is the need of every time conscious person, and one must say that clockify solved the algorithm and turned their ideas into innovation. It is used by Disney, Sony, Amazon and more. The startup founded in 2017, in California and among the fast- growing startups in the world.
8. Sharechat
5 year’s search growth: 2500%
Received funding: $1.4B
What it is all about?
Sharechat is among the largest social media apps gaining importance with each passing day. The app in progress with 250 million monthly active users and in particularly country like -India, it supports 15 different languages spoke in India. With its growing popularity, it attracted various rounds of funding among the top investors and got the funding of $1.4B. Sharechat is among those startups who has revolutionized the process of social interaction worldwide.
9. AppZen
5 year’s search growth: -14%
Received funding: $100.6M
What it is all about?
Appzen manage the way team works, automating spend approvals and provide insights that help people to reduce their spendings, comply with policies and streamline process. It is trusted by numerous finance teams at leaders like Airbus, Salesforce, Nielsen, Chase.
10. Deeper
5 year’s search growth: $1333%
Received funding: $23.8K%
What it is all about?
A company make smart devices from the everyday used objects used in sports and outdoor activities. Deeper’s smart sonar devices are sold in more than 50 countries, which is world’s first wireless echo sounder compatible with iOS and android devices. It produces various sonar systems, multiple fishing accessories etc. The product called Fish Deeper useful in fish findings are one of the best products of Deeper. It was founded in 2012, Vilnius, Lithuania.
After knowing about the all the tech startups, it would be a delight to the eye to see these startups performing in the increasing web of competition. Let see which would gain the abundance of popularity and investment among the investors and emerge as a unicorn in the business world.