Top Indian Startups To Watch Out For

Introduction

At the turn of the 21st Century, Information Technology came of its age and became the go-to industry for the budding young generation. Getting into a multi-national company was the solitary objective of graduates in India. The trend has changed; today youngsters want to run their own businesses. Pointless to say, with the desire to offer something inventive, young entrepreneurs are coming with up with groundbreaking and superb out-of-the-box ideas. While we are seeing a host of start-ups coming up, some of them have tremendous potential with their innovative ideas!

India is gradually seeing a multitude of inventive start-ups. There are people who say the startup bubble in India would burst soon, but we are seeing a host of MNCs and Indian companies investing in these start-ups. So as long as the money is flowing, the start-up party is on. With Tier 2 and 3 cities pitching into the economic growth, Indian market which as per industry experts could be $40–50 billion market by 2020. Even the rural and semi-rural markets are catching up to the trend, no wonder the likes of internet startups are pulling out all their stocks to acquire customers with hefty discounts and schemes. However, while all this might seem very recent, it all started a while ago.

The Saga of Indian Start-ups

The start-ups in India have done extremely well thanks to the big number of exciting ideas from entrepreneurs and funding from venture capitalists. A business translates into a brand when it effectively bonds with its customers either logically or passionately. The image of the product that a business is selling permits the business to secretly make a place for itself in the hearts and minds of the customers. Although the Indian startup scene is somewhat new when compared to the one in Silicon Valley, numerous start-ups have accomplished to become major brands in less than a decade.

Most blogs look into either top 5 or 10 startups; we have taken a new route. In this article, we will look into multiple industries like healthcare, e-commerce etc and in each of these lines of businesses we will look into top 2 or 3 companies. For example, in the business of e-commerce, we will look into top 2 or three start-ups. This blog will also look into start-ups which are 5 to 6 years old.

Top 5 Sector with start-ups

We will look into top 5 Industries which is thriving with start-ups

  • Healthcare
  • BFSI
  • Education
  • E-commerce
  • Travel and Hospitality

Healthcare

While a lot has been already said and done in the Internet of Things space, unfortunately, the common man still associates IoT with luxury. But fortunately, this isn’t the real picture. The technology actually has a great potential in sectors like healthcare, especially in a country like India where a majority of good hospitals are located in the urban areas. In order for this technology to become mass accepted by consumers will have to see the real value in them.

Relisys Medical Devices Limited

Relisys Medical Devices Limited is a provider of end-to-end solutions for designing, developing and manufacturing critical care devices like Stents, Catheters and Stent Systems used to treat cardiovascular, peripheral vascular, neurovascular (stroke) and other life-threatening diseases. Relisys is an ISO 13485 company with large-scale integrated facility based in Hyderabad, India. Relisys is one of the leading medical devices company in South Asia with a mission to develop innovative, therapeutic platforms for India, emerging markets and developing countries.

Key Features:

  1. Strong R & D team with expertise in Material Science, Polymers and Pharma.
  2. The quest to expand into many variants among stents and catheters to service the invasive and non-invasive forms of treatments.
  3. With its capability to design, develop and manufacture customized devices in the stents and catheters segment, Relisys is a valuable OEM partner as Stent Manufacturers and Catheter Manufacturers.

1mg

1mg is India’s leading consumer health platform with over 5 Million downloads. It aspires to be the trusted health partner for all Indians and its mission is to make healthcare accessible, understandable and affordable for a billion Indians.

It enables consumers to learn more about their medicines and also find more cost-effective substitutes. 1mg’s doctor platform aims to revolutionize how a consumer finds the right healthcare professional for his needs. It’s recently launched diagnostics service brings transparency and price-effectiveness to lab tests.

Attune

Attune Technologies is a next-generation healthcare IT company that has forged Cloud based products designed to assist the complete healthcare ecosystem. Attune’s solutions flawlessly integrate Labs, Hospitals, Pharmacies, Blood Banks, Radiology, Medical Devices (IoT), Insurance Companies, and Accounting resulting in augmented revenues and operational competence. Attune’s solutions can be deployed across the range of organizations — starting from single physician clinics to a network of healthcare providers making it the principal Cloud based healthcare IT service provider in the region.

Banking, Financial Services and Insurance (BFSI)

FinTech

Financial Technology or FinTech start-ups are the answer to customers various daily struggles. By utilizing the most advanced systems, they manage to figure out the easiest and simplest ways to deal with everyday issues. FinTech start-ups also offer an array of business solutions and facilitating out the general masses. Let us take a look at this list of FinTech startups in India that are effectively helping out businesses and customers on a daily basis:

Citrus Pay

Citrus Pay is a payment gateway for merchants and a digital wallet for consumers. Merchants can be guaranteed their transactions are safe and payments can be easy. Citrus Pay is compatible with all devices running on IOS, Android, Windows, etc. Being a cherished app by its clienteles, Citrus Pay secured its spot in as one of the top FinTech start-ups in India.

Payjo

Payjo, is an Artificial Intelligence Banking Platform, driving six top private banks globally. The groundbreaking platform allows every discussion between a bank and its customers to be extremely tailored, intellectual, providing round the clock real-time automatic support just like a bank representative. With more than 2 decades of experience and proficiency in the Internet and financial services domain signifying constancy and achievement, Payjo is operating from global IT destinations.

BankBazaar

BankBazaar, true to its name, enables users to search and compare financial products for free before applying. Members can apply for loans for their car, education, home, etc. They also offer applications for debit and credit cards along with insurance and investments. Providing a one-stop solution to all banking queries, they’ve earned their spot as one of the best in our list of FinTech startups in India.

Insurance

The Indian insurance market is a huge opportunity waiting to be harnessed. According to the industry reports, the total market size of insurance sector is expected to grow to US$350–400 billion by 2020. With the second-largest population in the world a host of demographic factors like growing middle class, young insurable population, higher per capita savings, etc., is making the sector lucrative for investments.

So it’s no surprise that the sector has seen a whole lot of startups recently. However, most of the startups are in the business of insurance aggregator rather than underwriting. InsurTech, short for Insurance Technology which is the use of innovative technology in the insurance sector, has seen the highest number of startups after payments systems in India.

These startups are disrupting the way insurance companies acquire customers i.e., instead of cold calls and insurance agents they are using analytics, big data, machine learning to bring insurance products to every individual via the internet. So without further ado, here is the list of companies who are all poised to change the face of the insurance industry in India.

Acko

Acko is the first online-only general insurance company in India. Acko is designed as a solely digital proceeds on insurance in India. Not only they want to operate online and cut the cost of a brick and mortar footprint, Acko is targeting to unbundle insurance in India to make it both more reasonable and applicable to consumers. Insurance in India is pegged to be $ 10 billion annually, the aim is to take insurance to a new segment of customers.

Easy Policy

Launched in 2011 as an online life insurance aggregator Easy policy is a Noida based startup which offers products in both segments, life insurance and general insurance, with customized products like car insurance, term insurance, health insurance, child plans, retirement plans and pension plans. The solution helps customers to compare and get quotes from various insurance companies. Further, the platform also allows users to make price, feature comparisons, view numerous insurance plans, and apply for plans online.

SecureNow

SecureNow is a technology focused insurance broker which provides customized general insurance solutions, especially to SMEs. The company which is based in Delhi helps institutional clients purchase employee benefits, property, and liability insurance solutions. With unique features such as instant quotes for bespoke products, it has quickly made a name for itself.

Education

A vast number of startups have popped up in past couple of years who are focused on the education sector. Today, students have access to interactive videos and textbooks, on-demand classrooms, customised learning modules, access to top-quality lessons and content from some of the best universities in the world, and all of this — available and accessible via today’s’ smart phones. Traditional Education systems are undergoing tectonic shifts as both students and educators are rapidly embracing the convenience, personalization and agility offered by Edutech firms.

Newer innovations such as MOOCs or Massively Open Online Courses are gaining widespread acceptance among the student population. Hallowed institutions such as Harvard and Oxford as well as bureaucratic organizations such as the Indian Government have bet big on MOOCs. The Indian Government via the HRD Ministry has launched its Swayam initiative to offer over 200 e-courses with another 10,000 e-courses under the AICTE planned over the next 2–3 years.

Nayi Disha

Nayi Disha engages the pre-schoolers in various learning models. They make different involving educational applications for students all over the world. They build educational games which can be played on the computer for pre-schoolers to promote learning while playing using motion sense technology.

Nayi Disha, is serving 50 schools across the nation including several schools in metros like Delhi, Bengaluru and non-metros and non-tier I cities like Jaipur and Baroda. As far as a number of applications are concerned, they claim to have created 30 children friendly apps by now. The concept of motion sense technology alleviates the teachers from the burden of bringing kids to study as they are themselves more involved in the friendly process of education.

Qriyo

Qriyo offers avenues for personal growth and development, by delivering a wide range of courses at home. Qriyo offers 300+ courses in academics, co-curricular, hobby classes and Yoga & general fitness categories.

The underlying idea behind QRIYO is to provide semi-customized courses at the residence of the learners by employing the trained instructors or Qriyo Gurus. If we view from the society’s interest, the start-up solves twin objective of generating employment and giving an opportunity to people at a large to develop the skill of their interest. Qriyo aims to make learning at home convenient and affordable. It employs freelance teachers and provides the learning at the doorstep of the recipient.

Qriyo currently operates 6 cities including Jaipur, Jodhpur & Ahmedabad. Qriyo has dedicated apps for its 6000+ registered gurus and 2000+ customers. Through the app Home Tutors & Customers can Apply, Book and manage their courses and bookings.

Vedantu

Are you looking for online personalized teaching website while sitting at home? If yes, Vedantu may be the right one to cater your needs. Vedantu aims to provide online tech-based education to students of grade 6 to 12 coming from various backgrounds. The distinctive feature about Vedantu is the choice available to students to choose from a number of teachers accessible.

Users have the option to choose from a variety of tools like whiteboard, use of audio and video technology for smooth intake of lectures. One can book any free demo session with any tutor before starting to avail the services. Even after depositing the fees, there is a provision of 100% cash back if the user isn’t satisfied with the quality of sessions.

E-commerce

Entire world appears to be observing on eagerly as India rapidly develops to be a major e-commerce player. With the middle and lower middle class getting empowered consumerism is constantly on the rise in India, crafting a tailor made playground for all businesses looking to stake a claim in the multi billion-dollar E-Commerce trade. Moreover, business has moved into of the mobile era, which suits E-Commerce companies very well. It is predicted that in the next two years 50 percent of all consumers will be making transactions using. E-Commerce startups are creating their own customized business models on mobile applications with amazing user experience designs to meet customer requirements.

UrbanClap

UrbanClap is a mobile services local marketplace. Its solution assists people in finding the correct service provider for daily undertakings such as carpentry, plumbing, wedding planner, yoga teacher etc from one’s local market. The complete process is very simple and anyone can book a service in 3 easy steps

Place a request

Get quotes from urbanclap service providers

Chat with them and choose the one which suits your requirement and pricing

Unlike other local market search engines, they only partner with trusted professionals who are verified by them. Presently they are providing services in four cities- Delhi, Mumbai, Bangalore and Chennai

Twigly

Twigly is food provider Startup Company. Twigly offers international cuisine specifically made by their expert chefs with fresh ingredients which are also cost effective compared to popular fast food chains. Their fresh menu includes sandwiches, pasta, salads, snacks and desserts at reasonable pricing are becoming extremely popular and talk of the town. Their menu is changed on daily basis, which gives more variety to customers and they also have a flat 45 minutes delivery promise. At present they cater to customers in Gurgaon and Delhi only. But they have plans to expand it to other cities.

HomeStudio

Homestudio.com is a home furnishing website that offers thousands of German inspired and manufactured furniture range at just a click of your mouse. Their product line includes modular kitchens, beds, TV units, wardrobes, shelves, kid’s furniture, shoe cabinets, wall units, desks etc. HomeStudio has a joint venture with German based company to manufacture their furniture range. They also offer free interior designing services and takes just 3–4 days in installing entire home furniture. All of their services are carried out by well-qualified professionals and workers. Their furniture range has unmatched quality with German designs and is available at lesser prices than exported furniture.

TravelTech

Travel sector in India had been dormant for more than a decade now. However, with the growth of the internet and information exchange across the globe, this industry has witnessed a second coming. As awareness emerged regarding the delights that different places had to offer, the number of people bitten by the travel bug also grew. This recent travel fad has resulted in several interesting pop culture quirks. An increase in the sale of Royal Enfield bikes, DSLR cameras and people posting on social media networks, pictures of themselves at iconic locations with the words “Wanderlust” usually scribbled somewhere along. And of course, as the need for travel grew, so did an explosion of travel and travel based start-ups. These start-ups take care of customer’s travel lists, travel arrangements, foreign exchange and the back-operations of travel. Here’s a list of the top travel startups in India.

Thrillophilia

Thrillophilia focuses on an activity based travel rather than passive sightseeing. Branding themselves as an “adventure travel company”, they seek to provide an experience in tune with their name for thrill seekers who want that adrenaline rush, with curated and exclusive best local experiences to provide customers a comprehensive offbeat experience. Their operations started back in 2009 and since then have grown from strength to strength. Initially, they offered eco and activity based tours but soon included corporate tours, honeymoon trips with adventurous activities, weekend and wildlife getaways. Their most popular offerings are white water rafting, Skydiving, waterfall rappelling, Scuba diving, bungee jumping, etc.

ExTravelMoney

Most travel companies address the instant and apparent needs of a traveler. ExTravelMoney is an exclusive idea that attempts to be of fineness in a niche market for money exchange. With ExTravelMoney, a traveler can easily buy foreign currency before the trip and encash left-over forex after the trip. Customers can also buy forex travel cards and send money from India to a foreign country. ExTravelMoney has tied up with major RBI approved exchange houses and serves as an aggregator. Instant messages from closest money changers are displayed so that travelers can make a comparison and select the option they want. The truly extraordinary thing about ExTravelMoney is that there are more than 4000 forex stores spread across India having tie-ups with them. By using this portal, travelers can gain access currency exchange nearly anywhere in India. ExTravelMoney also provides travelers, the option of receiving forex delivered or picked up, wherever they are.

GoMowgli

GoMowgli claims to be India’s first flexible bus network for travelers. Customers can hop on and off their network of travel buses at any time during their travel. By purchasing a GoMowgli pass with a fixed number of days, travelers can use the pass to travel within a state on any GoMowgli travel bus. A single call to GoMowgli will assist customers to recognize the bus nearest to their location and organize a suitable pickup. Their buses offer unconventional experiences and exploit activities that come along with the passes. The passes typically have a validity of 180 days, so customers can schedule your travel anytime within that period.

The idea of traveling as a way of life rather than as an exclusive pastime for the rich is widely gaining acceptance in India. Realizing the market potential that such a vast and populous country with incredible travel vistas to boot can offer, these top travel startups in India have jumped into the fray to emerge as the most promising in a market untapped

Not done yet

The above-mentioned companies are a just small list. There are a number of start-ups that have sprung up across multiple sectors of businesses. They are not only providing some intelligent solutions but they are also providing employment and help the economy rolling. Below are some companies that we think are awesome

  • Let’s Barter India
  • Inspirock
  • Cleartax
  • PassItOn
  • Bolt
  • EduKart
  • Unacademy
  • NestAway
  • TripHobo
  • Tripoto
  • Zoho
  • Faircent
  • Staqu
  • Freshtohome
  • Freshmenu
  • Capital float
  • Unbxd
  • Healthifyme
  • Flyrobe
  • Finomena
  • Canvasflip

We have not considered companies like Flipkart, Snapdeal, Paytm, Ola as start-ups they are already billion dollar companies and have been in business for nearly a decade now.

Conclusion

The start-up industry in India has done extremely well thanks to the country’s great number of entrepreneurs and venture capitalists. The advantage here is that they can transform the outlook and learning of different categories of audiences. The most obvious is the corporate executive who can plot his/her career graph and acquire skills at his/her own pace to meet goals. College students preparing for industry readiness can also benefit by acquiring both technical and soft skills such as interview behavior before they start their job quest. High school students can explore career options and even experience workplace situations through AI and virtual reality before embarking on a course or program.

The last aspect is probably one that has far reaching consequences for nations like India. With the complexities of our socio-economic position and the diversity of our people, startups that have the flexibility to bring new solutions to each customer and enable them to achieve their individual goals — in learning, banking, healthcare or micro-entrepreneurship — will be those that truly add value. And a new generation of start-ups solving social problems of the day is awaited as India moves towards transformation.