India has one of the fastest and largest startup ecosystems in the world. Indian startups are going on a healthy curve.
Highlights
- India has been promoting startups a lot with the new union budget.
- India is third ranking country in the world in terms of the startup ecosystem.
- Since the pandemic hit, India has been promoting a lot of startups.
- There are many startups that have recently started.
India is promoting startups in India after the release of the Union Budget 2022. India has been growing in creating an ecosystem for startups to start.
In terms of the startup ecosystem, India currently ranks as the 3rd largest country in the world. The Indian government’s Drone Shakti is one of the initiatives that help startups that are related to the IT industry.
Indian Startups List:
1-Aarna Networks
Aarna networks is a startup which was founded in 2018 by Amar Kapadia and Sriram Rupanagunta. It is a B2B business model. Its headquarters are in Bengaluru.
Aarna networks are startups that provide multiple licensed software to help manage all 5G and Edge computing issues.
Its main purpose is to provide services to other businesses dealing with cloud-based data and 5G network services.
It has received funds of around $3.5 million from various investors. The key investors are SVquad, RiSO Capital, and Inventus Capital.
2-BharatX
BharatX is a startup that was founded in 2020 by Mehul Nath Jindal, Eeshan Sharma, Shyam Murugan, and Siddharth Venu. It is a B2B2C model. Its headquarters are in Bengaluru.
It is a startup that provides loans to those whose appeals to the bank were rejected due to either insufficient documents or the amount being too low to be considered by the banks.
BharatX has a 45% load approval rate, which is higher than other institutions, which usually have 30%.
BharatX has collected $250,000 in funding from various sources, but its main investors were Java Capital, Anupam Mittal, and Faiz Mayalakkara.
3-Hirect Indian Startups
Hirect is a startup that was founded in 2020 by Raj Das. Its business model is B2B2C. Its headquarters are in Bengaluru.
Hirect is a startup that aims to bridge the gap between the company that is hiring and the personnel by providing the employers and employees (or future employees) with a means to contact each other.
Hirect has a mobile application where any company or startup can post an opening and can directly interact with the people wanting to join their company.
App has many features like in-app chat and interview options and etc.
The funding which they received has been kept secret, and the investors are also secret. It is a direct competitor to Naukri.com, indeed, and Monster.com.
4-Courseplay Indian Startups
Courseplay is a startup that was founded in 2016 by Arjun Gupta. Its business model is B2B. Its headquarters are in Mumbai.
Courseplay is a startup that provides an AI-powered platform where businesses can get an intelligent insight into their business. The AI also provides a training module according to the data it receives.
Courseplay has a yearly subscription model, which depends on the company’s size. Its clients are mostly from India and the Middle East.
The startup gained momentum after the pandemic hit and has been doing great business. Some of its main clients are Amazon, SpiceJet, and Carat Lane.
5-91Squarefeet
91Squarefeet is a startup that was founded in 2018 by Amit Bansal, Amit Mishra, and Puneet Bansal. Its business model is B2B. Its headquarters are in Delhi NCR.
91Squarefeet is a startup that provides a service that will help people who want to open a physical shop in India. It helps in providing the data on where to open a store and you can select the layout, color, and almost everything about the store. It will provide different vendors and service providers to help you build it.
It has raised $1 million as a fund and its main investors are YCombinator, Nikhil Vora, Mukund Kulashekharan, and Rannvijay Singh.
Note: There are many other startups in India that are growing fast as well. These five have shown major growth, in my opinion.
