Ritesh Agarwal's five-year-old hospitality player Oyo and former Myntra co-founder Mukesh Bansal's health and wellness firm Cure.Fit bagged the first and second spots in the LinkedIn's 2018 top 25 start-ups list for India.

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The world's largest professional network said in a statement that from consumer tech to health tech and logistics to hospitality, the 25 companies represent the thriving start-up landscape in India, which is the third largest start-up ecosystem in the world.

"The top start-ups list brings to light how these young companies are disrupting industries and attracting talent in India. The debut edition of the India list sees a diverse mix of consumer-driven businesses and business-to-business (B2B) start-ups across industries such as health and wellness, hospitality, fin-tech, and e-commerce," said Adith Charlie, editor - India, LinkedIn.

B2B companies comprise 50% of the list whereas 20% of the companies, Nineleaps (at number 10), Zapr Media Labs (17), BrowsterStack (18), SigTuple (20) and Exadatum (25) are deep technology companies. The annual ranking, LinkedIn said in a statement, is informed by the billions of actions taken by more than 50 million professionals on its network in India.

To be eligible, companies had to be independent and privately held, have 50 or more employees, be seven years old or younger and be headquartered in the country on whose list they appear. LinkedIn measured start-ups based on employment growth, engagement, job interest and attraction of top talent and the methodology time frame was from July 2017 through June 2018.

"Employment growth is measured as percentage headcount increase over one year, which must be a minimum of 15%. 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 start-up. Job interest counts what rate 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 LinkedIn Top Companies, as a percentage of the start-up's total workforce. Data is normalised across all eligible start-ups," LinkedIn said in the statement.

QUITE A DIVERSE MIX

  • The debut edition of the India list has a diverse mix of consumer-driven businesses and (B2B) start-ups  
  • B2B firms comprise 50% of the list whereas 20% of the companies are deep technology start-ups

Source: DNA Money