Recently, Fast Company released its annual report regarding the 50 most innovative companies in the world and homegrown JioSaavn featured 28 on its list. It seems as though the merger between Saavn and Jio has been a hit, as this product has managed to capture the eye of Fast Company. With over 40 million tracks, the app has more than 38 million monthly active users. It offers music in 15 different regional languages, making it a highly inclusive app.
The ten most innovative companies to come out of India
Fast Company named Jio as one of the most innovative companies to come out of India, placing it in the first position on the list. OYO bagged the second rank in the same list for expanding its offerings in order to appeal to business travelers. Paytm and InMobi were ranked in last year’s top 10, but did not feature in this year’s list.
This year, Fast Company has named quite a few other Indian brands. Saathi, a biodegradable brand of sanitary pads bagged the 3rd position on the list. RupeeCoin is another country that made it to the top 5. This company uses AI tech in order to help create credit scores for non-bank users. While Ola grabbed the 5th position in this year’s list, Swiggy captured the 8th position on the list. Other Indian brands to make the list were ShareChat, ChaiPoint, and Dream 11. They were ranked at 7, 9, and 10th position.
The fifty most innovative companies in the world
Within the global list, JioSaavn was the only Indian company that ranked on the list. Meituan-Dianping and Grab led this list, followed by NBA (a New York-based gaming firm), Walt Disney Company, and Stitch Fix. JioSaavn ranked 28 on this list.
The top 5 companies of the world – Apple, Amazon, Netflix, Square, and Tencent) were not featured in the top 10 segments of Fast Company’s list.