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Download The List of the 100 Highest-Valued Unicorns

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The Founder's Handbook

Top 6 Startups in Kerala in 2024

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There’s no doubt that the startup scene in Kerala is unique.

The city has created dozens of successful startups, over the years.

Some of them are already worth billions of dollars.

So whether you’re looking to start your own business, or just interested in learning about fast-growing startups from Kerala, here’s an extensive list of 6 startups founded there.


6 Startups in Kerala

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1,016 Unicorns

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1) IBS Software Services

IBS Software Services

IBS Software is a leading global provider of next-generation IT solutions for the Travel, Transportation, and Logistics industries.

Details of the startup:

  • Started in: 1997
  • Founders: Valayil Mathews
  • Industries: Information Services, Information Technology, Software
  • Number of employees: 1001-5000
  • Funding: $223,500,000
  • Funding rounds: 2
  • Number of investors: 2 (General Atlantic, Blackstone Group)

You can find their website here.

2) Kalyan Jewellers

Kalyan Jewellers

The company's roots are in textile retailing and wholesaling, and it has over a century of experience in the industry.

Details of the startup:

  • Started in: 1993
  • Founders: TS Kalyanaraman
  • Industries: Fashion, Jewelry, Product Design
  • Number of employees: 5001-10000
  • Funding: $277,152,517
  • Funding rounds: 2
  • Number of investors: 1 (Warburg Pincus)

You can find their website here.

3) Entri

Entri

Entri is a platform for teachers and students to learn vernacular languages.

Details of the startup:

  • Started in: 2015
  • Founders: Mohammed Hisamuddin, Rahul Ramesh
  • Industries: E-Learning, Education, Higher Education, Language Learning
  • Number of employees: 51-100
  • Funding: $4,300,000
  • Funding rounds: 6
  • Number of investors: 5 (LearnLaunch Accelerator, Innospark Ventures, Good Capital, Kashyap Deorah, Hari T.N)

You can find their website here.

4) FarmersFZ

FarmersFZ

FarmersFZ is an online store that sells fresh and safe produce and agricultural items.

Details of the startup:

  • Started in: 2015
  • Founders: Pradeep PS
  • Industries: Agriculture, AgTech, Farming, Fruit, Organic Food
  • Number of employees: 11-50
  • Funding: $475,859
  • Funding rounds: 2
  • Number of investors: 5 (IAN Fund, Artha India Ventures, Nagaraja Prakasam, Nativelead Foundation, P K Gopalakishnan)

You can find their website here.

5) BuildNext

BuildNext

IT-Enabled Construction is a new concept in the construction industry.

Details of the startup:

  • Started in: 2015
  • Founders: Finaz Naha, Gopi Krishnan
  • Industries: B2B, B2C, Building Material, Construction, Information Technology, Logistics, Procurement, Project Management, Supply Chain Management
  • Number of employees: 51-100
  • Funding: ₹35,500,000
  • Funding rounds: 1
  • Number of investors: 1 (Konglo Ventures)

You can find their website here.

6) Duroflex

Duroflex

Duroflex Pvt. Ltd. is a private limited company based in India. Ltd. is a major mattress manufacturer.

Details of the startup:

  • Started in: 1963
  • Industries: Consumer Goods, Manufacturing
  • Number of employees: 1001-5000
  • Funding: $22,000,000
  • Funding rounds: 1
  • Number of investors: 1 (Lighthouse Funds)

You can find their website here.

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