30 Startups To Watch: The Startups That Caught Our Eye In June 2020

30 Startups To Watch: The Startups That Caught Our Eye In June 2020

SUMMARY

Inc42 has curated a list of 30 early-stage startups that have shown the most promise over the past few months, even as the crisis has disrupted life everywhere

The selected startups were founded after 2018 and have gathered momentum through traction, investments and the right product-market fit

A whopping 63% of the startups in this month’s list have B2B models, while more than half are from fintech, enterprisetech, media & entertainment and agritech

Leveraging the boom for online gaming during the pandemic lockdown, the company amassed 10 Mn downloads in its first year for its signature game ‘Card Party’.Cofounder Sumit Ghosh noted that the platform was witnessing 100K downloads per hour. Overall, the company has registered 3 Mn downloads so far.GeoIQ’s system uses unique and granular datasets of 1,000+ location variables across demographic, socio-economic, infrastructure, financial, economic categories. It does this across India in 100 m x 100 m grids.It is currently operational in seven cities including in Singapore and plans to expand further into new countries while tapping big clients.Currently, Instasolv claims to have 7 Mn question and answers (Q&As) and says it answers almost 100K questions on a daily basis.It currently works with around 30 FPOs, which in turn represent almost 40,000 farmers, and 15 large private agri-enterprises like Britannia, Reliance and ITC, amongst others.Founded by serial entrepreneur Ganesh Raju in October 2019, Ken42 recently raised INR 11 Cr in funding from Turbostart, an accelerator programme for early-stage startups, and angel investors. It intends to have 1 Lakh students from over 30 colleges by September 2020.It provides companies with intelligent CloudOps automation, which claims to slash the monthly cloud computing bills by as much as 90%, while significantly improving the efficiency of the cloud infrastructure.So far, the startup is working on an order of 25 devices and also has a MOQ of 800 devices from south Indian states.Founded by Zomato co-founder Pankaj Chaddah and former Zomato exec Pooja Khanna, Mindhouse provides meditation and yoga courses and content in the form of live classes and a vast library of modules that can be consumed anytime by the user.Rohit Sen, CEO and cofounder of NIRA, said at the time of funding that the startup has been able to find a good product-market fit in 2019 and had been growing at 25% per month until the pandemic.It claims to be currently processing 3 Mn transactions per month for 16 banks across multiple countries, including SBI, ICICI, IndusInd, Canara Bank and others.Pidge founder Ratnesh Verma said that the tie-up is able to help around 500 people daily in the South Delhi region. It is also getting the support of local authorities for the initiative.It uses the format of chat messages to tell stories that keep the audience engaged and active throughout the duration.The app has already registered 50 Mn users, and claims to be the fastest Indian social media app to cross the milestone, with more than a million videos being created every month.The company has so far worked with advertisers such as Ab-InBev, Dominos, Kingfisher, P&G for native content as well as product placements.“As social connect becomes non-existent, and remote working/hiring takes charge, a solution like ours can clearly go beyond the traditional cookie-cutter approach,” he added.Within the first year of operation, TWID has brought 50+ brands and banks on board to its rewards pool, with over 3 Lakh+ merchant base accepting TWID as a mode of payment.With 12,000 signups, its current daily active user tally is at 230, with 2.1 hours spent on average per day per user.It currently has a client base of 500+ across 20+ cities. It also boasts of over 1.5 Mn transactions with over 20K stakeholders registered and claim to be adding over 60 customers every month.In the last ten months, it also claims to have achieved 100% month-on-month growth.The app has digitised newspaper delivery and kirana services and is already live in Bengaluru with 130+ communities and 15.000 subscribers.

The year 2020 is proving to be more catastrophic with every passing day. Businesses have not only had to go through the unprecedented Covid-19 pandemic, but also various natural calamities such as cylones, wildfires and earthquakes as well as locust swarms across parts of the world and now the India-China border clashes spilling over to the business world with India’s ban on some Chinese apps.

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