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Last week, Fast Company, a monthly American business magazine published its list of the World’s Most Innovative Companies for 2019. JioSaavn along with other Indian companies such as Dream 11, Chai Point, Ola have made it to the list.

The list honours the businesses making the most profound impact on both industry and culture, showcasing a variety of ways to thrive in today’s volatile world. Half of the companies on this year’s MIC 50 list are appearing for the first time.

#1 Jio Saavn

Jio Saavn is a music streaming app formed post merger of Jio Music and Saavn and offers more than 40 million tracks in 15 regional languages for 38 million monthly active users, has been ranked 1st in the list of top 10 Indian firms in Most Innovative Company on a country basis.


#2 OYO

Gurgaon-headquartered budget accommodation firm OYO, which recently got a Unicorn stats, has got the 2nd position in the list. Fast Company chose OYO for its coveted place for expanding its hotel options to appeal to business travellers. Oyo, which resembles US-based Airbnb, is a network of properties that include free Wi-Fi, free breakfast, white linens, and other hotel features for a fraction of the cost of a normal hotel.

#3 Saathi

Amedabad-based Saathi Eco Innovations  [Feature Story] makes biodegradable sanitary napkins for rural women in India and has coveted the 3rd position for the most innovative companies from India.

Last year, in Cleantech Open Global Forum held in Los Angeles Saathi was announced winner for developing a technology to make fully biodegradable and compostable sanitary pads made from waste banana tree fibre.

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#4 RupeeCoin

Hyderabad-based RupeeCoin, the first entry in the list has secured the 4th position. It is a blockchain solution startup which allows people without a bank account or a credit card to engage in the digital economy.

#5 OLA

Bangalore-based cab-hailing firm Ola, which recently got massive $900 million investment from Flipkart co-founder Sachin Bansal, grabbed the 5th rank. It has expanded to a network of more than 1 million vehicles–cabs and autorickshaws–across 169 cities.

#6 Chakr Innovation

Delhi-based Chakr Innovation has secured the 6th position. The innovative startup has developed the world’s first retro-fit emission control device for diesel generators. It uses technology to reduce emissions from diesel generators and bring down air pollution levels.

#7 ShareChat

Bangalore-based ShareChat is a social networking and regional content platform for the fast growing Internet users in India. With ShareChat one can share videos, jokes, GIFs, audio songs and funny images from India in Indian languages like Hindi, Telugu, Marathi, and Malayalam.

#8 Swiggy

The food delivery company that recently raised $1 billion infunding has got 8th position for excellent food delivery service.

#9 Chai Point

A Harvard alumnus founded company, ChaiPoint made the entry for the first time and received the 9th position. It is India’s largest organized Chai retailer and caters to corporations with a cloud-based beverage service called BoxC, an IoT-enabled automatic tea dispenser.

#10 Dream11

Mumbai-based Dream11 made its entry for the first time and got the 10th rank. It offers Indian sports fans a platform to showcase their sports knowledge. Fans can create their own team of real-life players from upcoming matches, score points based on their on-field performance and compete with other fans.

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Recently, International Council of Cricket (ICC) has signed a deal with Dream11, India’s biggest sports gaming platform, to make it its “Official Fantasy Game Partner” till 2023.

Top Featured Image by Vivek Doshi on Unsplash.com

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