The 128 Startups That Raised Funding From The DIPP’s Fund Of Funds

The 128 Startups That Raised Funding From The DIPP’s Fund Of Funds

A total of 128 startups have received funding worth about INR 600.5 Cr

The DIPP is aiming at maximum disbursal of the allotted funds till 2025

Detailed information is available only for 116 startups so far

Ever since the Centre launched the Fund of Funds for Startups (FFS) with a corpus of $1.5 Bn (INR 10K Cr) in January 2016, the DIPP (Department of Industrial Policy and Promotion), Small Industries Development Bank of India (SIDBI), and selected alternate investment funds (AIFs) have been aiming at maximum disbursal of the allotted funds till 2025.

Though the initial fund disbursement was low, since the beginning of 2018, the AIFs have accelerated startup investments under the Fund of Funds.

In early 2018, it was reported that DIPP has released $76.9 Mn (INR 500 Cr) to SIDBI in FY16 and $15.3 Mn (INR 100 Cr) in FY17.

These numbers were really low considering that the entire Fund of Funds corpus has been earmarked for allocation across two finance commission cycles (2015-2020 and 2021-2025).

However, in an April 6, 2018 circular, SIDBI claimed that it has committed $170.57 Mn (INR 1,136 Cr) to 25 VC Funds, who in turn have invested $85.44 Mn (INR 569 Cr) in 120 unique startups.

The circular further said that the modification of the definition of startups in May 2017 and improvements incorporated in the recognition process have helped reduce the time taken for grant of recognition certificates from 10-15 days previously to one-four days at present.

Note: The AIFs data shown above is as of March 2018

Other Key Facts Highlighted By SIDBI Circular

  • Compared to 797 startups in 2016-17, 7,968 startups received recognition in FY17-18, bringing the total number to 8,765 since the fund launch in January 2016.
  • Of the recognised startups, 15% are from IT services, 9% healthcare and life sciences, 7% education, 6% professional and commercial services, 4% agriculture among others. It was also revealed that 35% of all the startup directors are women.
  • 6,954 startups have reported employment generation for 81,264 people.
  • 88 startups have been certified for claiming tax exemptions by the inter-ministerial board.

This is an increase in all the previous metrics. Previously, Inc42 had reported that, as at December 2017, about $92 Mn (INR 605.7 Cr) was released to 17 AIFs by SIDBI, and 75 startups had benefited till that point in time.

Fund Of Funds Startup Portfolio: The Current Status

The disbursement of allotted funds under the FFS seems to have finally picked up speed and the DIPP’s efforts to smoothen out processes for the same are now more visible.

Recently, on July 2 this year, Union minister Suresh Prabhu tweeted that overall 128 startups have received a total funding of around INR 600.5 Cr.

Note: The Inc42 DataLabs team was able to collect detailed information on 116 unique startups only, funded by the 25 AIFs registered by SIDBI

A Quick Overview Of The 116 Startups Backed By AIFs Under Fund of Funds

The Inc42 Data Labs team, in its effort to get a bird’s eye view of the investments made under the Fund of Funds (part of Startup India Action Plan), further analysed the funded startups by the AIFs on basis of their launch date, location, and sector.

Here are the details:

Sector-Wise, The Focus Is On Technology

According to a December 2017 analysis done by Inc42 DataLabs, ecommerce as a category was leading the charts. However, this time, it has swapped places with enterprise tech and is now at number three.  This can be attributed to the increased volatility in the Indian ecommerce segment with companies facing a lack of profitability. With the majority of startups recognised under the DIPP being early-stage or growth stage, it looks like the AIFs are aiming to play more safe bets and they’re focusing on technology-based startups for now.

Which City Is Leading The AIFs’ List?

Bengaluru maintained its lead, while Delhi has been ranked third. Chennai, which captured the second spot in December 2017, has now shifted to the fifth position, with Mumbai taking its place. Owing to the continuous efforts of the government, Bengaluru is rising high on the AIFs’ list as a hunting ground for potential startups.

Launch Year-Wise breakdown

The AIFs continue to work with the motto of ‘low-risk, high returns’. The number of funded startups that were launched in 2015 has increased from 23 to 36. Also, there has been a significant increase in the number of funded startups launched in 2016 and 2017.

116 Startups That Raised Funding From AIFs Under Fund Of Funds

Note: The information on these startups has mostly been collected from available public sources and has been collated in an alphabetical manner. The funding amounts mentioned are the funds raised by each startup from their AIFs respectively.

AgNext Technologies

  • Registered As: Agnext Technologies Pvt Ltd
  • Founded In: 2016
  • Founder(s): Deepak Jaiswal, Mrigank Sharad  Taranjeet Singh Bhamra
  • Location: Mohali, Punjab
  • Funding Details: $1.2 Mn (INR 8 Cr) from Omnivore Partners India Fund II
  • Category: Agritech

AgNext is an agricultural sensing and solutions company. It provides a platform for analytics-as-a-service using agricultural imagery and IoT devices. It is currently focussed on horticulture, floriculture and plantation crops. The startup collects spatial, temporal and spectral data to provide sensing solutions across the agriculture and food value chain. AgNext currently has offices in IIT Kharagpur, Kolkata, NCR and Bengaluru.

Atomberg

  • Registered As: Atomberg Technologies Pvt Ltd
  • Founded In: 2012
  • Founder(s): Manoj Meena, Shibarata Das
  • Location: Mumbai
  • Funding Details: $810 K (INR 5.50 Cr) under Parampara Early Stage Opportunities Fund I
  • Category: Smart Appliances

Atomberg makes smart, affordable energy efficient home appliances such as ceiling fans. The aim is to make products that have the highest energy efficiency and are also the best on each and every parameter. Its flagship product, Gorilla, is an energy-efficient ceiling fan, which consumes only 28 Watt whereas a traditional fan consumes 75-80 Watt. The startup believes that its technology and services will give it a competitive advantage in the future.

Azuro

  • Registered As: Fittr Technologies Pvt Ltd
  • Founded In: 2015
  • Founder(s): Ayush Agrawal, Altaf Ahmad, Sudhanshu Mishra, Vishal Chauthmal, Sushant Kumar
  • Location: Mumbai
  • Funding Details: $170 K (INR 1.15 Cr) from Kae Capital Fund II
  • Category: Real Estate Management

Azuro finds tenants, takes care of maintenance and tenant issues, does periodic inspections, furnishes flats as required, and even provides house insurance. The startup has been rapidly building a property portfolio in suburban Mumbai and is growing across geographies swiftly.

Belong

  • Registered As: Askabat Technologies Pvt Ltd
  • Founded In: 2014
  • Founder(s): Rishabh Kaul, Saiteja Veera, Sudheendra Chilappagari, Vijay Sharma
  • Location: Bengaluru
  • Funding Details: $37 K (INR 25 Lakh) from IndiaQuotient 2
  • Category: Recruitment Solutions

Belong is a predictive outbound hiring solution startup. Belong helps organisations discover, engage with and hire candidates. The startup offers data-driven solutions that help hiring teams spot candidates who best fit their requirements and engage with them through personalised interactions. Its search and recommendation technology analyses profiles across social, Internet, and public sources to help companies discover potential candidates.

Bigphi Technologies

  • Registered As: Bigphi Technologies Pvt Ltd
  • Founded In: 2017
  • Founder(s): Rameswar Misra, Rohit Gupta, Anil Dhondalay, Alok Sharma
  • Location: Bengaluru
  • Funding Details: $24K (INR 16 Lakh) from Stellaris Venture Partners India I
  • Category: Advanced Wear

Bigphi designs, develops, and sells various wearables such as apparel, footwear, sportswear, and smartwatches under its brand name. The team believes that nanotechnology will help people look fresh, clean and confident.

Bizongo

  • Registered As: Smart Paddle Technology Pvt Ltd
  • Founded In: 2014
  • Founder(s): Aniket Deb, Ankit Tomar, Sachin Agrawal
  • Location: Mumbai
  • Funding Details: $510 K (INR 3.50 Cr) from Chiratae Trust
  • Category: B2B, Packaging Materials Marketplace

Bizongo helps companies cater to their procurement needs linked to products such as boxes, bags, containers, and disposable food containers, material handling, disposable plastics, and plastic raw materials, etc. Companies can also use the platform to put their own logos on the products they procure.

Blowhorn

  • Registered As: Catbus Infolabs Pvt Ltd
  • Founded In: 2014
  • Founder(s): Mithun Srivatsa, Nikhil Shivaprasad
  • Location: Bengaluru
  • Funding Details: $300 K (INR 2.04 Cr) from Chiratae Trust
  • Category: Logistics

Blowhorn is an aggregator that aims to streamline the fragmented logistics market in India. The tech-enabled platform connects customers to mini-truck owners, enabling intra-city, sub two-tonne deliveries through its website and mobile app. Blowhorn also has a comprehensive driver-training programme, wherein all its drivers are trained in customer service.

Bogorchid          

  • Registered As: MGH Labs Pvt Ltd
  • Founded In: 2016
  • Founder(s): Muthukumar P, Hemachandra B, Gokul R
  • Location: Chennai
  • Funding Details: $96 K (INR 65 Lakhs) from Ventureast Proactive Fund II
  • Category: Consumer Goods

Bogorchid is a device that can attract, catch, and kill mosquitoes naturally. With several patents filed in India, the product has gone through several test trials in Chennai. Led by IIT alumnae,  MGH Labs aims to translate advanced science and technologies into products for customers’ well-being.

Bonushub

  • Registered As: BonusHub Digital Solutions Pvt Ltd
  • Founded In: 2016
  • Founder(s): Pran Mehra, Lalit Mohan Mehra
  • Location: Delhi
  • Funding Details: NA
  • Category: Digital Solutions

BonusHub looks to simplify digital payments for merchants and provides them with a single-window alliance for acceptance of UPI and multiple wallets, as well as settlement and reconciliation.

Boxx.Ai

  • Registered As: AIBOXX Solutions Pvt Ltd
  • Founded In: 2016
  • Founder(s): Ajay Kashyap, Prakhar Raj, Shitiz Bansal
  • Location: Bengaluru
  • Funding Details: $240 K ( INR 1.64 Cr) under Unicorn India Ventures Fund I
  • Category: AI, Analytics

Boxx.ai builds products that use artificial intelligence to solve critical analytics problems at an affordable cost. It is a plug-and-play omnichannel personalised tool that enables and empowers its clients to offer personalised experiences to their customers. AIDA is Boxx.ai’s first product. Its proprietary algorithms predict what each customer is likely to buy.

Care24

  • Registered As: Aeigis Care Advisers Pvt Ltd
  • Founded In: 2014
  • Founder(s): Garima Tripathi, Abhishek Tiwari, Vipin Pathak
  • Location: Mumbai
  • Funding Details: $1.01 Mn (INR 6.89 Cr) from IndiaQuotient 2
  • Category: Healthcare

Care24 offers professional care from trained caregivers who help the patient recuperate from various illnesses or procedures. The healthcare technology startup has built and trained expert teams to take care of the needs of patients with critical or chronic conditions.

Celes Care

  • Registered As: Patient Focus Pvt Ltd
  • Founded In: 2015
  • Founder(s): Raghu Bathina, Dr Rajah Koppala
  • Location: Bengaluru
  • Funding Details: $295 K (INR 1.98 Cr) under Ventureast Proactive Fund II
  • Category: Healthtech

Celes Care aims to provide telehealth services to women of all ages. The startup addresses women’s health issues such as fertility, pregnancy, thyroid, PCOS, weight control, menopause, etc. It allows users to connect with a trained female physician in less than a minute.

Clip

  • Registered As: Transversal Tech Pvt Ltd
  • Founded In: 2017
  • Founder(s): Nav Agrawal, Swapnil Upadhyay, Ashish Gupta
  • Location: Bengaluru
  • Funding Details: $980 K (INR 6.65 Cr) from IndiaQuotient 2
  • Category: Social network

Clip is a video app that enables users to create, watch, and download videos. It is an Indian video community where one can express themselves by sharing short video clips. The app supports Hindi, Gujarati, Marathi, Bengali, Tamil, Telugu, Kannada, Urdu, Malayalam, Punjabi, and English. Users can also share the created videos across various social media platforms.

Clootrack

  • Registered As: Clootrack Software Labs Pvt Ltd
  • Founded In: 2017
  • Founder(s): Shameel Abdulla, Subbakrishna Rao
  • Location: Bengaluru
  • Funding Details: $150 K (INR 1 Cr) under Unicorn India Ventures Fund I
  • Category: AI, Text Analysis

Clootrack is an adaptive market intelligence platform that helps brands identify what their customers want from conversations online and within enterprises. The team believes that user chatter contains valuable insights, including areas where a product can be improved, besides offering new ideas to further reach potential consumers in an influential manner. Clootrack helps its clients find these valuable insights and claims to improve their go-to-market metrics by 10X.

CrediFiable

  • Registered As: OneFiable Technologies Pvt Ltd
  • Founded In: 2017
  • Founder(s): Presha Paragash
  • Location: Bengaluru
  • Funding Details: $140 K (INR 97 Lakhs) from Kae Capital Fund II
  • Category: Online Lending

CrediFiable runs on a data-driven proprietary underwriting model, catering to borrowers who already have a credit history as well as those who are new to credit. CrediFiable services the entire supply chain from sourcing the customer, credit scoring, to conducting the verification process by leveraging the Indian digital stack.

Creditmate

  • Registered As: Urja Money Pvt Ltd
  • Founded In: 2016
  • Founder(s): Aditya Singh, Ashish Doshi, Jonathan Bill, Sunny Upadhyay
  • Location: Mumbai
  • Funding Details: $295 K (INR 2 Cr) from IndiaQuotient 2
  • Category: Fintech

Creditmate has developed technology for evaluating credit worthiness using customer data collected through loan applications and other credit verification documents. CreditMate is focused towards secured lending for the $27Bn used and new two-wheeler market in India. The startup aims to enable new to credit Indians to access means of productivity, freedom and transport.

Cure.Fit

  • Registered As: Cure Fit Healthcare Pvt Ltd
  • Founded In: 2016
  • Founder(s): Mukesh Bansal, Ankit Nagori
  • Location: Bengaluru
  • Funding Details: $3.3 Mn (INR 22.75 Cr) from Chiratae Trust
  • Category: Healthtech

Cure.Fit offers integrated health and fitness solutions. The startup provides these solutions through three verticals — Cult.Fit, Eat.Fit and Mind.Fit — via online and offline channels. It has also made five acquisitions so far, including CULT, Tribe Fitness, Seraniti, Kristys Kitchen, and yoga studio a1000yoga.

Curofy

  • Registered As: 911 India Healthcare Pvt Ltd
  • Founded In: 2014
  • Founder(s): Mudit Vijayvergiya, Nipun Goyal, Pawan Gupta
  • Location: Gurugram
  • Funding Details: $37 K (INR 25 Lakh) from IndiaQuotient 2
  • Category: Healthcare

Curofy is a medical networking app that enables communication and collaborations among doctors. The app helps doctors to find other doctors easily, call them with a single tap, and connect to collaborate on patient cases.

Doodhwala

  • Registered As: Banger Tech Pvt Ltd
  • Founded In: 2015
  • Founder(s): Aakash Agrawal, Ebrahim Akbari
  • Location: Bengaluru
  • Funding Details: $1.4 Mn (INR 9.8 Cr) from Omnivore Partners India Fund II
  • Category: Micro Delivery

Doodhwala is a subscription-based hyperlocal delivery startup that offers users a wide selection of grocery items, including fresh dairy milk, meat, vegetables, fruits, and shelf-stable products.Currently operational in Bengaluru and Pune, the startup makes sure that orders are delivered to users’ doorsteps before 7am every day.

DoubtNut

  • Registered As: Class 21A Technologies Pvt Ltd
  • Founded In: 2016
  • Founder(s): Aditya Shankar, Tanushree Nagori
  • Location: Delhi
  • Funding Details: NA
  • Category: Edtech

Doubtnut aims to leverage technology to make education accessible for all. The startup has created an App using which students can ask study math questions by clicking the picture of the problem or concept. Subject matter experts then create a Khan Academy style video to answer each doubt.

EarlySalary

  • Registered As: Social Worth Technologies Pvt. Ltd
  • Founded In: 2015
  • Founder(s): Akshay Mehrotra, Ashish Goyal
  • Location: Pune
  • Funding Details: $920 K (INR 6.30 Cr) under Chiratae Trust
  • Category: Fintech

EarlySalary is a mobile-first lending platform. It provides salary advances and instant cash loans and has developed a smart risk scoring system. These loans are similar to salary/cash advances or credit card cash withdrawal. The startup currently has operations in eight cities including Mumbai, Pune, Chennai, Bengaluru, Hyderabad, New Delhi, Jaipur, and Ahmedabad.

Fitternity

  • Registered As: Fitternity Health E- Solutions Pvt Ltd
  • Founded In: 2014
  • Founder(s): Neha Motwani
  • Location: Mumbai
  • Funding Details: $410 K (INR 2.80 Cr) under Saha Fund Scheme I
  • Category: Fitness, Discovery

Fitternity — the Zomato of gyms, health clubs, and yoga centres — helps people discover the best health destination. It also has exclusive tie-ups with the gyms and health clubs, and enables them to offer discounts to its members.

Flyrobe

  • Registered As: Omapal Technologies Pvt Ltd
  • Founded In: 2015
  • Founder(s): Shreya Mishra, Pranay Surana, Tushar Saxena
  • Location: Bengaluru
  • Funding Details: $1.03 Mn (INR 7.07 Cr) from Chiratae Trust
  • Category: Fashion Rental Marketplace

Flyrobe is a fashion rental service that offers users access to premium apparel and accessories at a fraction of the retail price. One can get access to a curated collection from designers such as Ritu Kumar, Masaba Gupta, Quirk Box, Outhouse, etc. It is currently operational in Mumbai and Delhi.

Ftcash

  • Registered As: Nomisma Mobile Solutions Pvt Ltd
  • Founded In: 2014
  • Founder(s): Sanjeev Chandak, Deepak Kothari
  • Location: Mumbai
  • Funding Details: $1.3 Mn (INR 9 Cr) under IvyCap Ventures Trust Fund II
  • Category: Mobile Payments

Ftcash provides seamless solutions for micro-merchants to accept payments through multiple payment instruments including debit cards, credit cards, and mobile wallets. It also provides short-term loans to these merchants.

Fynd

  • Registered As: Shopsense retail Technologies Pvt Ltd
  • Founded In: 2012
  • Founder(s): Farooq Adam, Harsh Shah, Sreeraman MG
  • Location: Mumbai
  • Funding Details: $1.3 Mn (INR 9 Cr) from Kae Capital Fund II
  • Category: O2O fashion ecommerce

Fynd functions on an O2O model and directly sources products across various categories — clothing, footwear, jewellery, and accessories — from prominent brands in the country. The startup optimises delivery time by sourcing products from the outlets nearest to the customer.

Get My Parking

  • Registered As: Agile Parking Solutions Pvt Ltd
  • Founded In: 2015
  • Founder(s): Chirag Jain, Rasik Pansare
  • Location: New Delhi
  • Funding Details: $420 K (INR 2.88 Cr) from IAN Fund I
  • Category: Mobile Parking App

Get My Parking is a mobile app for hassle-free and smart parking. The platform is organising the parking industry with technology and data and aims to help urban commuters save time, fuel and energy. gmP provides end-to-end parking digitisation — along with a real-time view of all parking information — to urban commuters, parking management companies, and the city administration.

Gingercrush

  • Registered As: Swadesh Essfil Pvt Ltd
  • Founded In: 2015
  • Founder(s): Saumya Nidhi, Rajvi Makol
  • Location: Gujarat
  • Funding Details: $1 Mn in Pre Series A round led by Saha Fund
  • Category: Online Merchandising And Product Customisation

Gingercrush is an on-demand retail platform where consumers can shop and customise products. The products include mugs, T-shirts, coasters, mobile covers, canvas prints, bathroom sets, shot glasses, etc.

GoCoop

  • Registered As: GoCoop Solutions & Services Pvt Ltd
  • Founded In: 2011
  • Founder(s): Siva Devireddy
  • Location: Bengaluru
  • Funding Details: $400 K (INR 2.75 Cr) under Saha Fund Scheme I
  • Category: Ecommerce Enabler

GoCoop is an ecommerce enabler for rural producers and cooperatives. It provides a technology-led platform that offers an online global marketplace for cooperatives and community-based weavers and artisans.

GoComet

  • Registered As: Hyperflux Solutions Pvt Ltd
  • Founded In: 2015
  • Founder(s): Ayush Lodhi, Chitransh Sahai, Gautam Prem Jain, Mehul Katiyar
  • Location: Mumbai
  • Funding Details: $150 K (INR 1 Cr) from IndiaQuotient 2
  • Category: Logistics

GoComet helps businesses move their shipments internationally. It is a platform that enables international B2B freight service providers and clients manage everything from booking containers to tracking and custom clearances, all from a single dashboard.The startup also takes the responsibility of managing all necessary paperwork to ensure end-to-end cargo delivery internationally, through road, sea, and air. The Comet marketplace offers a technology-enabled system to move, track, and manage its cargo across the globe.

GoMechanic

  • Registered As: Targetone Innovations Pvt. Ltd.
  • Founded In: 2016
  • Founder(s): Amit Bhasin, Kushal Karwa, Nitin Rana, Rishabh Karwa
  • Location: Gurugram
  • Funding Details: $130 K (INR 90 Lakhs) under Orios Venture Partners Fund II
  • Category: Automotive services platform for cars

GoMechanic aims to leverage technology to assist Indian car-owners to find automobile repair and maintenance service providers in their vicinity and provides spare parts for all the services booked at its partner service centres. The startup also ensures availability of spare parts in a timely manner through personalised procurement. In addition to that, it also offers a guarantee on all spare parts for up to three years.

GrabOnRent

  • Registered As: GrabOnRent Internet Pvt Ltd
  • Founded In: 2015
  • Founder(s): Manish S Sugandhi, Shubham Jain, Aditya Sharma
  • Location: Bengaluru
  • Funding Details: $810 K (INR 5.50 Cr) each from IvyCap Ventures Trust Fund II and Unicorn India Ventures Fund I
  • Category: On-Demand Rental Platform

GrabOnRent was ideated with the vision to provide accessibility to all kinds products to people, irrespective of their capacity to buy it. It enables users rent products online in categories such as furniture, cool gadgets, appliances, and more. The major focus of the company is to generate awareness towards the viability of renting products.

Hansel.Io

  • Registered As: Hansel Software Pvt Ltd
  • Founded In: 2015
  • Founder(s): Varun Ramamurthy Dinakar, Parminder Singh, Mudit Mathur
  • Location: Bengaluru
  • Funding Details: $230K (INR 1.6 Cr) from Chiratae Trust
  • Category: Mobile App Management

Available for both Android and iOS, Hansel.io enables app developers to manage major production issues during runtime, with a five-minute integration process requiring no changes in code. It provides a toolkit that automatically reproduces issues, allows them to fix crashes during runtime, and enables them to dynamically communicate with users at an issue level. It further helps developers make the app bug-free, secure, and UI-fresh and reduce drop-off points as end users don’t have to go through an update for fixes.

Halaplay Technologies

  • Registered As: Halaplay Technologies Pvt Ltd
  • Founded In: 2016
  • Founder(s): Swapnil Saurav, Prateek Anand
  • Location: Bengaluru
  • Funding Details: $295 K (INR 2 Cr) from Kae Capital Fund II
  • Category: Sports Platform

HalaPlay is a Daily Fantasy Sports (DFS) platform that enables sports enthusiasts to play cash-based games. DFS is a shorter version of fantasy sports where users can create a team, enter leagues and win cash prizes. The startup aims to increase fan engagement and improve viewership for sports by making matches interesting.

Holachef

  • Registered As: Holachef Hospitality Pvt Ltd
  • Founded In: 2014
  • Founder(s): Anil Gelra, Gaurav Srivastava, Saurabh Saxena
  • Location: Mumbai
  • Funding Details: $1.1 Mn (INR 7.34 Cr) from IndiaQuotient 2
  • Category: Food Delivery

Holachef acts as an aggregator and connects customers with chefs across the city. Customers can order via its mobile app or desktop site. The startup offers a new menu selection every day. The meals are provided in a single-person meal format in recyclable packaging and there’s an option for the customer to choose delivery times.

Hypernova

  • Registered As: Hypernova Innovention Technology Pvt Ltd
  • Founded In: 2015
  • Founder(s): Mayur Bhimjiyani, Huzaifa Arab
  • Location: Bengaluru
  • Funding Details: $220 K (INR 1.50 Cr) from Kae Capital Fund II
  • Category: Online Gaming

Hypernova was started with a simple idea: Where is the DotA/League of Legends of mobile? These are multiplayer online battle arena (MOBA) games that have gained huge popularity globally in last few years. The startup has launched two games so far — War Tanks and Space Titans.

Iimjobs

  • Registered As: Highorbit Careers Pvt Ltd
  • Founded In: 2010
  • Founder(s): Tarun Matta
  • Location: New Delhi
  • Funding Details:  $295 K (INR 2 Cr) from IndiaQuotient 2
  • Category: Recruitment Solutions

iimjobs.com is an online job search platform for mid-to-senior level managers. iimjobs.com focuses on providing premium job opportunities and an enhanced job seeking experience. The startup works with recruiters from sectors such as banking and finance, consulting, sales and marketing, HR, IT and operations, BPO, and legal, to help them recruit great managerial talent.

Infivention Technologies

  • Registered As: Infivention Technologies Pvt Ltd
  • Founded In: 2015
  • Founder(s): Aatur Mehta, Bhavya Gohil
  • Location: Mumbai
  • Funding Details: $440 K (INR 3 Cr) from IndiaQuotient 2
  • Category: IoT, Gaming

Infivention is a robotics-based gaming startup that aims to connect the virtual and real worlds. It creates connected board games that are also injected with humanity and personalities. The team believes that it can change the way people play, learn, and explore by fusing emerging technology with the latest innovations in robotics.

InfiVention’s latest product is Square Off — a smart chess board. Players can connect with friends or family over a game of chess, no matter how far away they are or can challenge the AI and play with the board.

InnerChef

  • Registered As: InnerChef Pvt Ltd
  • Founded In: 2015
  • Founder(s): Rajesh Sawhney, Sanjeev Singhal, Bal Dighent
  • Location: Gurugram
  • Funding Details: $340 K (INR 2.30 Cr) under Saha Fund Scheme I
  • Category: Foodtech

InnerChef is an online fresh food ordering platform. InnerChef offers ready-to-eat meals, gourmet do-it-yourself recipe kits (InnerChef DIY gourmet), detox cleanses, and healthy eats (InnerChef+), as well as decadent desserts (Indulge by InnerChef). Indulge by InnerChef is a first-of-its-kind hyperlocal desserts marketplace where talented home bakers and neighbourhood bakeries can offer their products to millions of customers across the country. InnerChef is currently delighting foodies in Delhi-NCR, Bangalore, Hyderabad, and Mumbai.

Innovcare Lifesciences

  • Registered As: Innovcare Lifesciences Pvt Ltd
  • Founded In: 2014
  • Founder(s): Lalit Wadhawan, Dipin Varma, Chandan Rajmane, Vijay Dubey
  • Location: Mumbai
  • Funding Details: $1.3 Mn (INR 9 Cr) from Kae Capital Fund II
  • Category: Healthcare

Innovcare Lifesciences is involved in marketing and sales of branded nutraceuticals, cosmeceuticals, and functional foods with an aim to protect and augment human health against various lifestyle-oriented diseases.

Innov4sight

  • Registered As: Innov4sight Health & Biomedical Systems Pvt Ltd
  • Founded In: 2014
  • Founder(s): Balachander Agoramurthy, Geetha Sanjay, Vijaygopal Rengarajan
  • Location: Bengaluru
  • Funding Details: $440 K (INR 3 Cr) from Kitven Fund III
  • Category: Healthcare

Innov4sight uses information technology, analytics, bioinformatics, biotechnology, biomedical engineering, and educational technology in the healthcare sector to reduce errors, do away with second guesses, and improve effective fertility and cancer care. The team has developed solutions such as ParSight and Vyabl to generate accurate cancer data cells.

Jiva Digital Services

  • Registered As: Jiva Digital Services Ltd
  • Founded In: 2017
  • Founder(s): Anuradha Pothula, Nandagopal Pothula
  • Location: Hyderabad
  • Funding Details: $9.5 Mn (INR 65 Cr) from Aavishkaar Bharat Fund
  • Category: IT

The startup maintains websites of other firms and creates multimedia presentations for other firms etc.

JoulesToWatts

  • Registered As: JoulesToWatts Business Solutions Pvt Ltd
  • Founded In: 2015
  • Founder(s): Priti Sawant
  • Location: Bengaluru
  • Funding Details: $220 K (INR 1.50 Cr) under Saha Fund Scheme I
  • Category: Staffing Solutions

JoulesToWatts is a business solutions and consulting company that delivers client-focused and multi-disciplinary solutions. The startup provides GIC consulting and solutions, IT solutions, talent collaboration solutions and sales and process outsourcing, among other services.

Ketchupp

  • Registered As: DI Infosolutions Pvt Ltd
  • Founded In: 2015
  • Founder(s): Abdul Khalid, Chirag Taneja, Narender Kumar
  • Location: New Delhi
  • Funding Details: $150 K (INR 1 Cr) from IndiaQuotient 2
  • Category: Food Recommendation Platform

Ketchupp is a metasearch engine for online food ordering. Ketchupp recommends the best dishes driven by its AI-based algorithm. It neither takes online orders, nor is it a delivery-based company. The team believes that with today’s on-the-go user being spoilt — and confused — for choice, a meta search engine is the need of the hour.

KWIK24

  • Registered As: Savis Retail Pvt Ltd
  • Founded In: 2016
  • Founder(s): Neeraj Ray, Samir Duggal
  • Location: Bengaluru
  • Funding Details: $22 K (INR 15 Lakh) from Stellaris Venture Partners India I
  • Category: Food Retail

KWIK24 has introduced check-out free Smart Connected Stores in offices, apartments, and colleges. These stores are operated through the KWIK24 Mobile App that lets its users check what is in each smart store, interact, and pick up the products that they like — meals, snacks and beverages. Stores are stocked with both hot and cold food and groceries. No check-out is necessary as payment is processed in the background.

Lavelle Networks

  • Registered As: Lavelle Networks India Ltd
  • Founded In: 2014
  • Founder(s): Shyamal Kumar, Karthik Madhava
  • Location: Bengaluru
  • Funding Details: $480 K (INR 3.30 Cr) from Idea Spring Capital- Future Now
  • Category: Software Defined Networking

Lavelle Networks offers an SDN platform that connects multiple locations over the Internet in a secure manner. It also offers a user interface that can manage a 10-10k node network with less than four operational steps. The startup has offices in Bengaluru, Singapore, Dubai, and California. Its flagship service — Xpedition — provides ‘Pvt.Internet.Network-as-a-Service’ that connects users to applications anywhere, anytime.

Learntron

  • Registered As: Heuristix Digital Technologies Pvt Ltd
  • Founded In: 2016
  • Founder(s): Subbu Viswanathan, Kuljit Chaddha
  • Location: Chennai, Mumbai
  • Funding Details: $440 K (INR 3 Cr) from Kae Capital Fund II
  • Category: Edtech

Learntron is a B2B edtech startup that offers different kinds of enterprise courses, ranging from k-12 institutions to corporates to brick-and-mortar training or tutorial ventures. Enterprises such as Mahindra Group, Britannia, Scope International, and Delhivery are customers of Learntron. In the education space, they serve companies such as TalentEdge, DPS Doha, Birla Schools Kolkata, and GD Goenka Schools.

Leixir Labs

  • Registered As: Leixir Resources Pvt Ltd
  • Founded In: 2011
  • Founder(s): Harmeet S. Bindra
  • Location: Gurugram, Canada
  • Funding Details: $6.91 Mn (INR 46.91 Cr) from Stakeboat Capital Fund
  • Category: Hospital and Healthcare

Leixir Dental Laboratories are full-service dental labs that offer a complete range of dental products. The labs are strategically located with the aim of providing quality services to the maximum number of dentists. The startup offers dental consults, crown and bridge implants, surgical guides, dentures, and oral scanners. The CAD/CAM systems enable dentists to create dental restorations, from the initial design to the completed case.

LetsMD

  • Registered As: Medbay India Pvt Ltd
  • Founded In: 2016
  • Founder(s): Prakhar Gupta
  • Location: Delhi
  • Funding Details: NA
  • Category: Healthcare

LetsMD enables users to discover and compare the costs and services of various medical procedures offered by healthcare networks and hospitals. At the same time, the startup also provides facilities for healthcare loans for 10-24 months.

ListUP

  • Registered As: Gijutsu Solutions Pvt Ltd
  • Founded In: January 2016
  • Founder(s): Sumit Gupta, Pulkit Gupta, Saurabh Jain
  • Location: Mumbai
  • Funding Details: $360 K (INR 2.44 Cr) from Kae Capital Fund II
  • Category: P2P Marketplace

ListUP aims to disrupt age-old classifieds in India. ListUp is focused on the P2P exchange of second-hand goods, which aims to bridge buyers and sellers using the location-based discovery of products and social approach to classifieds.

Little Black Book

  • Registered As: Iluminar Media Pvt Ltd
  • Founded In: 2012
  • Founder(s): Suchita Salwan, Dhruv Mathur
  • Location: New Delhi
  • Funding Details: $130 K (INR 88 Lakh) from Chiratae Trust
  • Category: Media And Entertainment

Once a Tumblr blog, Little Black Book has grown to an independent recommendation platform for users to share and discover local businesses across the categories of food, shopping, events, and activities. It is currently operational in eight cities including Delhi/ NCR region, Bengaluru, Kolkata, Mumbai, Goa, Pune, Gurugram, and Chennai.

Limo

  • Registered As: Raftaar Technologies Pvt Ltd
  • Founded In: 2015
  • Founder(s): Anshul Khandelwal, Siddharth Sharma, Vivek Choksi
  • Location: Mumbai
  • Funding Details: $295 K (INR 2 Cr) from IndiaQuotient 2
  • Category: Bus Pooling App

Limo runs chartered buses for corporates and individuals for office commute and provides services such as WiFi, app-enabled payments, flexible timings, and live tracking of buses. The bookings are done via advance payments.The team at Limo believes that a smart bus system can solve the world’s urban mobility problems today, without any additional investments in infrastructure or technology.

Loadshare Network

  • Registered As: Loadshare Network Pvt Ltd
  • Founded In: 2017
  • Founder(s): Rakib Ahmed, Raghuram Talluri, Pramod Nair, Tanmoy Karmakar
  • Location: Bengaluru
  • Funding Details: $1.92 Mn (INR 13.98 Cr) from Stellaris Venture Partners India I
  • Category: Logistics

Loadshare provides a technology platform to logistics companies to form an uninterrupted delivery solution. It works with small logistics players to create an analytics-driven platform.

Its network is spread primarily across all the metros, the northeast, and eastern India, apart from Karnataka, Kerala, UP, Rajasthan, and Gujarat. LoadShare offers order fulfilment solutions, last-mile deliveries, third party fulfilment, and modular logistics software solutions.

LoanSimple

  • Registered As: Unogrowth Technologies Pvt Ltd
  • Founded In: 2017
  • Founder(s): Sanny Chaudhary, Daman Kohli
  • Location: Gurugram
  • Funding Details: $7.4 K (INR 5 Lakh) from Stellaris Venture Partners India I
  • Category: Fintech

LoanSimple is a financial services company that provides small unsecured business loans based on credit/debit card sales. It is a technology-enabled lending business that provides non-collateral-based loans to small retailers in India. These loans are repaid by future card receivables. The amount of the loan is between INR 1-5 Lakh.

LoanTap

  • Registered As: Loantap Financial Technologies Pvt Ltd
  • Founded In: 2016
  • Founder(s): Satyam Kumar, Vikas Kumar
  • Location: Mumbai
  • Funding Details: $660 K (INR 4.50 Cr) from Kae Capital Fund II
  • Category: Fintech

LoanTap is an online personal loan company. It follows an agency-based collection model and enables users to make flexible single and bulk payments of loans.

Loanzen

  • Registered As: Loanzen Technologies Pvt Ltd
  • Founded In: 2016
  • Founder(s): Madhu Sudhan, Ritesh Kadmawala, Venkatesh Sankararaman
  • Location: Bengaluru
  • Funding Details: $650K (INR 4.43 Cr) from Kae Capital Fund II
  • Category: P2P Lending Marketplace

Loanzen provides a platform for lenders, using technology and data to score credit applications in real-time. For this purpose, it accesses data from a variety of sources such as banking and accounting, as well as public and social data, etc. The lenders lend to companies based on this credit scoring model, thereby saving on costs and the effort of finding, evaluating, and credit-scoring borrowers.

MagicPin

  • Registered As: Samast Technologies Pvt Ltd          .
  • Founded In: 2015
  • Founder(s): Anshoo Sharma, Brij Bhushan
  • Location: Gurugram
  • Funding Details: NA
  • Category: Ecommerce

MagicPin is a platform where users and merchants in a locality discover, interact, and transact. The startup runs real-time promotions, loyalty programmes, and provides content updates for merchants. For users, magicpin helps them discover interesting people to connect with and attend events/merchants to go to.

MeraDoctor

  • Registered As: mHealth Ventures Pvt Ltd
  • Founded In: 2010
  • Founder(s): Ajay Nair, Gautam Ivatury
  • Location: Mumbai
  • Funding Details: $220 K (INR 1.51 Cr) from IndiaQuotient 2
  • Category: Healthcare

The healthcare startup provides a platform for live chat consultations with doctors. The focus is on quickly getting users high-quality medical advice from licensed, screened, and trained doctors. By focusing on chat, MeraDoctor aims to give people a convenient and easy way to get advice.

mFine

  • Registered As: Novocura Tech Health Services Pvt Ltd
  • Founded In: 2017
  • Founder(s): Ashutosh Lawania, Prasad Kompalli
  • Location: Bengaluru
  • Funding Details: $1 Mn (INR 6.84 Cr) from Stellaris Venture Partners India I
  • Category: Healthcare

mFine offers patients access to online consultations and care programmes from different hospitals. The startup is collaborating with hospitals such as Cloudnine, Ovum Hospitals, and Femiint Health to increase its reach and provide standardised care for patients. Mfine’s AI platform helps improve doctor productivity and the quality of diagnosis. The startup enables doctor consultations, sample collections for lab tests, and buying medicine from the comfort of the user’s home.

M.Paani

  • Registered As: mPaani Solutions Pvt Ltd
  • Founded In: 2014
  • Founder(s): Akanksha Hazari
  • Location: Mumbai
  • Funding Details: $300 K (INR 2.03 Cr) under Saha Fund Scheme I and $160 K (INR 1.09 Cr) from Chiratae Trust
  • Category: Rewards and loyalty program

m.Paani is a marketing and data analytics startup that enables local retailers to attract customers with a mobile-based loyalty programme. It develops impact-focussed loyalty programmes that leverage mobile technology as a platform to provide key products and services to local retailers and businesses. It does this by connecting their spends with important loyalty points.

NestAway

  • Registered As: Nestaway Technologies Pvt Ltd
  • Founded In: 2015
  • Founder(s): Amarendra Sahu, Smruti Parida, Deepak Dhar, Jitendra Jagadev
  • Location: Bengaluru
  • Funding Details: $1.02 Mn (INR 6.98 Cr) from Chiratae Trust
  • Category: Home Rentals

NestAway is an online marketplace for home rentals that turns unfurnished houses into fully furnished ones and managed apartments, offering them at affordable prices to pre-verified tenants. Additionally, the company also provides rental solutions for singles in the cities. It is operational across cities such as Bengaluru, Delhi NCR, Pune, and Hyderabad.

NeuroEquilibrium Diagnostic

  • Registered As: NeuroEquilibrium Diagnostic Systems Pvt Ltd
  • Founded In: 2016
  • Founder(s): Rajneesh Bhandari, Dr Anirban Biswas, Dr Anita Bhandari
  • Location: Jaipur
  • Funding Details: $220 K (INR 1.50 Cr) under Unicorn India Ventures Fund I
  • Category: Healthtech

NeuroEquilibrium Diagnostic is a super-speciality healthcare chain of vertigo and balance disorders clinics. It aims to cater to the gap that exists between the huge number of vertigo, dizziness, and balance disorder patients and the lack of targeted treatment in India.

NIRAMAI

  • Registered As: NIRAMAI Health Analytix (P) Ltd
  • Founded In: 2016
  • Founder(s): Dr Geetha Manjunath, Nidhi Mathur
  • Location: Bengaluru
  • Funding Details: $480 K (INR 3.25 Cr) under Pi Ventures Fund I
  • Category: AI, Healthtech

NIRAMAI stands for Non-Invasive Risk Assessment with Machine Learning. It is working on a non-invasive, radiation-free, painless and low-cost, cancer-screening solution. NIRAMAI is on a mission to create a universal cancer screening method that can save lives by detecting breast cancer at an early stage. The startup was also selected to be part of Axilor Ventures’ accelerator programme for the Summer 2017 batch.

Noticeboard

  • Registered As: 930 Technologies Pvt Ltd
  • Founded In: 2016
  • Founder(s): Vishal Gahlaut, Vishesh Dahinwal, Sarath Chandran
  • Location: Bengaluru
  • Funding Details: $950 K (INR 6.50 Cr) from Stellaris Venture Partners India I
  • Category: Saas, HR Communications

Noticeboard is a communications platform aimed at facilitating information flow between the employees of a company. With a focus on frontline staff, it enables organisational communication through digital platforms for frontline staff such as delivery boys in logistics, retail storefront employees, warehouse staff, drivers, etc. The platform looks to facilitate efficient transmission of information relating to updates, feedback, and other items of notice within an enterprise.

Nua

  • Registered As: Lagom Labs Pvt Ltd.
  • Founded In: 2017
  • Founder(s): Projjol Banerjea
  • Location: Mumbai
  • Funding Details: NA
  • Category: Consumer Goods

Nua is a consumer-centric brand in the female care space. The startup aspires to be the leading online-led femcare brand by building a tech-enabled company that truly cares for every woman’s needs.

Numberz

  • Registered As: Paradime Technologies Pvt Ltd
  • Founded In: 2015
  • Founder(s): Aditya Tulsian, Rajeev Chari, Baskar Ganapathy
  • Location: Gurugram
  • Funding Details: $1.1 Mn (INR 7.30 Cr) from Kae Capital Fund II
  • Category: Fintech

Numberz is simplifying running the business (cash-flow) by integrating business workflows with banking services. According to its official website, the startup offers business owners a common-sense approach to cash flow management.

Oakter

  • Registered As: Riot Labz Pvt Ltd
  • Founded In: 2015
  • Founder(s): Shishir Gupta, Varun Gupta
  • Location: New Delhi
  • Funding Details: $180 K (INR 1.25 Cr) from IndiaQuotient 2
  • Category: Home Automation Products

Oakter is an Internet-enabled, plug-and-play home automation solution startup. The startup strives towards innovating new products regularly that are compatible with its smart home hub and app so as to enhance users’ smart home experience and improve their home management productivity.

Onco

  • Registered As: Netdox Health Pvt Ltd.
  • Founded In: 2016
  • Founder(s): Rashie Jain, Dr Amit Jotwani
  • Location: Bengaluru
  • Funding Details: NA
  • Category: Healthcare

Onco.com is trying to build a virtual cancer hospital for the world. Through its network of oncologists, the startup aims to provide unbiased consults to cancer patients at every stage of their disease so they can take the right decisions.

Pandorum Technologies

  • Registered As: Pandorum Technologies Pvt. Ltd.
  • Founded In: 2011
  • Founder(s): Tuhin Bhowmick
  • Location: Bengaluru
  • Funding Details: $1.3 Mn (INR 9 Cr) from IAN Fund I and $370 K (INR 2.5 Cr) from Kitven Fund III
  • Category: Biotechnology

Pandorum Technologies is a biotechnology company with a focus on tissue engineering and regenerative medicine. The startup, with its distinct synergy of life science, engineering, and clinical competencies, designs and manufactures three-dimensional functional human tissues, intended for medical research and therapeutics.

Pharmarack

  • Registered As: Pharmarack Technologies Pvt Ltd
  • Founded In: 2015
  • Founder(s): Pradyumn Singh, Anupam Sarwagi, Bhavik Parmar, Kushal Bhandari
  • Location: Pune
  • Funding Details: $510 K (INR 3.50 Cr) under Unicorn India Ventures Fund I
  • Category: SaaS, Healthtech

Pharmarack is a SaaS-based application that creates impact across the value chain of the pharmaceutical Industry. The highly versatile application is working on integration with billing software, CRM, marketing software, or any other business support application.

PhotographAI

  • Registered As: Convulation Artificial Technologies Pvt Ltd
  • Founded In: 2017
  • Founder(s): Mikhil Raj, Jitendra Gadhwal, Karan Varshney
  • Location: Bengaluru
  • Funding Details: $22 K (INR 15 Lakhs) from IndiaQuotient 2
  • Category: Image classification and analytics APIs

PhotographAI is a technology platform for ready-to-use machine learning solutions for business use. The startup helps businesses use image resources such as image classification tasks, text analytics solution, and video analytics technology intelligently at a minimal cost for maximum returns.

Playshifu

  • Registered As: Mobilizar Technologies Pvt Ltd
  • Founded In: 2016
  • Founder(s): Dinesh Advani, Vivek Goyal
  • Location: Bengaluru
  • Funding Details: $480 K (INR 3.25 Cr) under Parampara Early Stage Opportunities Fund I
  • Category: AR Gaming

PlayShifu is a gaming company that creates an augmented reality-based play experience. The startup aims to transform the process of learning by merging the physical and digital mediums.

PopiCorn

  • Registered As: Timla Foods Pvt. Ltd.
  • Founded In: 2016
  • Founder(s): Prashanth Gowriraju, Arun Sahlam, N V Prasad, Naveen Alzapur
  • Location: Mumbai
  • Funding Details: $590 K (INR 4 Cr) from Kae Capital Fund II
  • Category: Ready-to-eat food brand

PopiCorn is ready-to-eat, 100% natural, GMO-free, wholegrain popcorn that contains no preservatives, transfats, or artificial colours. The product is manufactured completely in India in small batches and is seasoned by hand. It is available online on its website and other online platforms such as BigBasket.

Roadpiper

  • Registered As: Roadpiper Technologies P Ltd.
  • Founded In: 2015,
  • Founder(s): Puneet Bagla, Saurabh Singh
  • Location: Mumbai
  • Funding Details: $440 K (INR 3 Cr) from Kae Capital Fund II and $380 K (INR 2.60 Cr) from IndiaQuotient 2
  • Category: Logistics

Roadpiper is a mobile application that helps fleet managers assign their vehicles to projects and trips. It aspires to be a tech-enabled network in the inter-city logistics space and source vehicles for transporters from reliable truck-owners at competitive prices.

S-Cube Futuretech

  • Registered As: S-Cube Futuretech Pvt Ltd
  • Founded In: 2013
  • Founder(s): Sajit V Nair, Viswas Date
  • Location: Mumbai
  • Funding Details: $730 K (INR 5 Cr) under Parampara Early Stage Opportunities Fund I
  • Category: Engineering Automation

S-Cube offers software solutions to the structural and civil engineering industry. It has developed products for automating structural planning and design. S-Cube clients include Tata Consulting Engineers, Sterling Engineers, Engineers India, and Toyo Engineering.

ShareChat

  • Registered As: Mohalla Tech Pvt Ltd
  • Founded In: 2015
  • Founder(s): Ankush Sachdeva, Bhanu Singh, Farid Ahsan
  • Location: Bengaluru
  • Funding Details: $1.03 Mn (INR 7.08 Cr) from IndiaQuotient 2
  • Category: Social Network

ShareChat is an Indian regional language social platform. It allows users to create, discover, and share content with each other much like people do on Tumblr and Instagram. Users can follow other users who are either content creators or friend on the platform for regular updates. ShareChat is available in 10 languages — Hindi, Punjabi, Gujarati, Marathi, Bengali, Odia, Telugu, Tamil, Malayalam, and Kannada.

SecurAX

  • Registered As: Securax Tech Solutions (I) Pvt Ltd
  • Founded In: 2012
  • Founder(s): Prasanna Kotha, Deepak N Belavadi, Praveen Gongireddy
  • Location: Bengaluru
  • Funding Details: $220 K (INR 1.50 Cr) under Parampara Early Stage Opportunities Fund I
  • Category: SaaS

SecurAX is a B2B SaaS-based biometric attendance and biometric access solutions provider. The startup aims to eliminate fixed costs and reduce operational overheads with a pay-as-you-go pricing model, and its cloud-based solutions.

Selltm

  • Registered As: Newfangled Internet Pvt Ltd
  • Founded In: 2017
  • Founder(s): Rohan Thakur, Prakhar Saxena
  • Location: Mumbai
  • Funding Details: $292 K (INR 1.98 Cr) from IndiaQuotient 2
  • Category: Sales Channel

Selltm is a direct distribution platform for services and products. It is building a sales channel and empowering individuals to become sales entrepreneur using their smartphones.

Sequretek

  • Registered As: Sequretek IT Solutions Pvt Ltd
  • Founded In: 2013
  • Founder(s): Anand Naik, Pankit Desai
  • Location: Mumbai
  • Funding Details: $320 K (INR 2.2 Cr) under Unicorn India Ventures Fund I
  • Category: Cyber Security

Sequretek focuses on two major areas in security services — building IPs in the security space and offering security-linked services in the market space. The startup offers a suite of security solutions for enterprises named Avatar and Kawach besides integrated managed cybersecurity solutions. The solutions claim to provide all round protection against threats and vulnerabilities.

Shoptimize

  • Registered As: Not applicable
  • Founded In: 2012
  • Founder(s): Mangesh Panditrao, Vivek Pathak
  • Location: Pune
  • Funding Details: Category: Ecommerce SaaS

Shoptimize helps merchants set up, operate, manage, and grow their sales. A ‘mobile first’ company, Shoptimize claims to bring together the benefits of social commerce, search engine optimisation (SEO), search engine marketing (SEM), quick payment technologies, and aesthetics.

Shumee

  • Registered As: Shumee Toys Pvt Ltd
  • Founded In: 2014
  • Founder(s): Meeta Sharma Gupta
  • Location: Bengaluru
  • Funding Details: $22 K (INR 15 Lakhs) from Stellaris Venture Partners India I
  • Category: Toys

Shumee toys are designed, developed, and manufactured with the aim of empowering children to explore, discover, and develop at their own pace, in the most natural manner.

SigTuple

  • Registered As: SigTuple Technologies Pvt Ltd
  • Founded In: 2015
  • Founder(s): Tathagato Rai Dastidar, Rohit Kumar Pandey, Apurv Anand
  • Location: Bengaluru
  • Funding Details: $230 K (INR 1.56 ) from Chiratae Trust and $940 K (INR 6.44 Cr) from Pi Ventures Fund I
  • Category: Healthtech

SigTuple aims to create a data-driven, machine-learned, cloud-based solution for detection of abnormalities and trends in medical data for disease diagnosis. The startup looks to revolutionise the global medical diagnostic space through data-driven intelligence. SigTuple’s solutions allow labs and hospitals to scale by implementing a hub-and-spoke model where the medical experts can operate from ‘hubs’ and devices can be installed in ‘spokes’.

Skedool.It

  • Registered As: NA
  • Founded In: 2015
  • Founder(s): Deepti Yenireddy, Naveen Varma Alluri
  • Location: NA
  • Funding Details: NA
  • Category: AI, Smart Assistant

Skedool.it is a B2B smart assistant startup, powered by artificial intelligence, which automates repetitive everyday tasks for business executives, sales, and recruiting professionals. The AI assistant is named as Alex, uses natural language processing (NLP) and machine learning, supervised by humans to enable customers to communicate with the service via e­mail just as they would with a human executive assistant. It is currently available for Gmail and Outlook365 and integrates with CRM, marketing and recruiting tools.

SmartCoin

  • Registered As: SmartCoin Financials Pvt Ltd
  • Founded In: 2016
  • Founder(s): Rohit Garg, Amit Chandel, Vinay Kumar Singh, Jayant Upadhyay
  • Location: Bengaluru
  • Funding Details: $480 K (INR 3.25 Cr) under Unicorn India Ventures Fund I
  • Category: MicroLending

SmartCoin is a data-driven microlending startup. It is a mobile app-based lending platform that claims to assess the risk profile of a prospective borrower in real-time with the use of data science and machine learning algorithms.

Snapmint

  • Registered As: Snapmint Credit Advisory Pvt. Ltd.
  • Founded In: 2015
  • Founder(s): Anil Gelra, Nalin Agrawal, Rahul Agarwal
  • Location: Mumbai
  • Funding Details: $520 K (INR 3.5 Cr) from Kae Capital Fund II
  • Category: Fintech

Snapmint provides simplified EMI options without a credit card. The startup looks to revamp the lending process in India, personalising loans for its customers.

Stelae Technologies

  • Registered As: Khemeia Technologies Pvt Ltd
  • Founded In: 2012
  • Founder(s): Aruna Schwarz, Maria Shiao, Pierre Fraisse, Sandeep Raizda
  • Location: Chennai, Bengaluru
  • Funding Details: $150 K (INR 1.02 Cr) under Saha Fund Scheme I
  • Category: Content Management

Stelae Technologies is a content management and segregation software product company. The startup is known for its patent-pending software KhemeiaTM, which detects content elements in documents similar to the human eye, using AI-based pattern recognition and content analysis algorithms. The software transforms unstructured content into structured, categorised, searchable, and analysable information. It uses techniques such as content mining, cognitive learning and content management solutions such as IBM Watson, IBM Cognos, SAP Business Objects, and PTC Arbortex.

Sugar Cosmetics

  • Registered As: Vellvette Lifestyle Pvt Ltd
  • Founded In: 2012
  • Founder(s): Madhukar Sinha, Kaushik Mukherjee, Vineeta Singh
  • Location: Mumbai
  • Funding Details: $790 K (INR 5.35 Cr) from IndiaQuotient 2
  • Category: Online Cosmetics Store

Sugar Cosmetics is a makeup brand based in Mumbai. The startup offers beauty products across hair, makeup, skincare, bath and body, fragrance, etc.

Tagbox

  • Registered As: Tagbox Solutions Pvt Ltd
  • Founded In: 2016
  • Founder(s): Adarsh Kumar, Saumitra Singh, Sameer Singh
  • Location: Bengaluru
  • Funding Details: $98 K (INR 67 Lakhs) under IAN Fund I
  • Category: Cold Chain Monitoring

Tagbox enables organisations to create reliable and sustainable cold chains using IoT, advanced analytics, and automation. It helps organisations improve their cold chains by providing real-time visibility and predictive insights for an end-to-end cold chain health at any level of granularity. Ex. Box, pallet, cold room, refrigerated vehicle or retail store/pharmacy.

ten3T

  • Registered As: Ten3T Healthcare private ltd
  • Founded In: 2014
  • Founder(s): Sudhir Borgonha, Rahul Shingrani, Prasad Bhat
  • Location: Bengaluru
  • Funding Details: $97K (INR 66 Lakhs) from Pi Ventures Fund I
  • Category: Wearable Healthtech

ten3T builds wearable medical devices that collect and integrate medical-grade data in realtime. It has developed its first wearable medical device Cicer, with the aim of making cardiac health easily accessible to everyone. Besides, manufacturing the devices, ten3T also deploys, manages and analyses the data with predictive functioning.

Thirdwatch

  • Registered As: Thirdwatch Data Pvt Ltd
  • Founded In: 2016
  • Founder(s): Adarsh Jain, Shashank Agarwal
  • Location: Gurugram
  • Funding Details: $35 K (INR 24 Lakhs) under IAN Fund I
  • Category: Anti-fraud Solutions

Thirdwatch offers a product named Mitra, which evaluates and flags every transaction as fraudulent or genuine in real-time, on the basis of a trust score. Ecommerce players and merchants can integrate their applications with Mitra API, which automatically blocks fraudsters on a large scale, without having to hire additional staff to review any frauds.

Touchkin (Wysa)

  • Registered As: Touchkin Eservices Pvt. Ltd.
  • Founded In: 2016
  • Founder(s): Ramakant Vempati, Jyotsana Aggarwal
  • Location: Bengaluru
  • Funding Details: $660 K (INR 4.5 Cr) from Kae Capital Fund II
  • Category: Healthcare

Touchkin (Wysa) is an AI-based predictive healthcare service provider for the elderly that uses mobile-based social sensing to offer proactive personalised care. Touchkin’s proprietary prediction engine relies on machine learning to discern patterns in behaviour that may signify mental or physical ill health. The platform also connects users with direct support to ensure early identification of symptoms in case of mental illness or age-related disorders. The brainchild of Touchkin Founder(s), Wysa is envisioned as a virtual therapist facilitating emotional wellness via anonymous conversations.

TranZact

  • Registered As: FCB Technologies Pvt Ltd
  • Founded In: 2016
  • Founder(s): Ritesh Kumar, Rohan Sen Sharma, Sharad Sen Sharma
  • Location: Mumbai
  • Funding Details: $420 K (INR 2.88 Cr) from Kae Capital Fund II
  • Category: Fintech

TranZact is a cloud-based peer-to-peer business network facilitating all kinds of transactions between businesses including discovery, end-to-end procurement, and supply chain financing.

For small suppliers, TranZact offers free e-invoicing, faster payments, and visibility into account receivables. It enables big buyers to have more control and visibility into their entire procurement work so that they can work more efficiently and economically. TranZact essentially aims to change how businesses do transactions with each other.

Tripshelf

  • Registered As: Tripshelf Technologies Pvt Ltd
  • Founded In: 2015
  • Founder(s): Jai Raj Gupta
  • Location: New Delhi
  • Funding Details: $15 K (INR 10 Lakh) from Stellaris Venture Partners India I
  • Category: Online Travel Marketplace

Tripshelf is an online marketplace for leisure travellers to discover, compare, and buy holiday packages from different tour operators. The startup uses automation, natural language processing-based chatbots, machine learning (ML), and customer intelligence to calculate customer willingness scores, algorithmic online marketing, and a team of travellers.

Truebil

  • Registered As: Paix Technology Pvt Ltd
  • Founded In: 2015
  • Founder(s): Suraj Kalwani, Himanshu Singhal, Rakesh Raman, Ravi Chirania, Ritesh Pandey, Shanu Vivek, Shubh Bansal
  • Location: Mumbai
  • Funding Details: $1.2 Mn (INR 8 Cr) from Kae Capital Fund II
  • Category: Online Used Car Marketplace

Truebil helps consumers buy and sell used cars in the simplest way possible. It works with sellers to ensure that the buyers get all the data points required to make an informed decision. Added to that, its partners play a pivotal role in providing end-to-end auxiliary services.

Trupay

  • Registered As: Protinus Infotech Pvt. Ltd.
  • Founded In: 2015
  • Founder(s): Rahul Gochhwal, Vivek Lohcheb, Narender Kumar
  • Location: Gurugram
  • Funding Details: $440 K (INR 3 Cr) from Kae Capital Fund II
  • Category: Fintech

Trupay facilitates transactions between users and various businesses. It recently launched a mobile payment app, based on Unified Payments Interface (UPI), which enables users to send and receive money from their bank accounts with only a phone number.

Unacademy

  • Registered As: Sorting Hat Technologies Pvt Ltd .
  • Founded In: 2010
  • Founder(s): Gaurav Munjal, Hemesh Singh, Sachin Gupta
  • Location: Gurugram
  • Funding Details: NA
  • Category: Edtech

Unacademy is a free education initiative. The startup makes high-quality educational videos available for free to everyone. The platform provides videos covering a vast variety of topics and in multiple languages.

Unbxd

  • Registered As: Unbxd Software Pvt Ltd.
  • Founded In: 2011
  • Founder(s): Pavan Sondur, Prashant Kumar
  • Location: Bengaluru
  • Funding Details: Not applicable
  • Category: Ecommerce

Unbxd is an ecommerce product discovery platform that applies artificial intelligence (AI) and advanced data sciences to connect shoppers to the products they are most likely to buy. The startup enables personalised site search, navigation, product recommendation, and merchandising for leading online retailers.

Upwards Fintech

  • Registered As: Upwards Fintech Pvt Ltd
  • Founded In: 2017
  • Founder(s): Nimesh Verma, Abhishek Soni
  • Location: Mumbai
  • Funding Details: $340 K (INR 2.34 Cr) from IndiaQuotient 2
  • Category: Fintech

Upwards provides quick loans online to salaried individuals without any credit history. The startup aggregates user data from different mediums and uses various data points to come up with a credit report.

WealthTrust

  • Registered As: Evolusolve Technologies Pvt Ltd
  • Founded In: 2015
  • Founder(s): Jasmin Gohil, Nisarg Gandhi
  • Location: Mumbai
  • Funding Details:  $240 K (INR 1.65 Cr) from IndiaQuotient 2
  • Category: Fintech

WealthTrust, earlier known as Wealthee, is a zero-commission wealth manager. The wealth management platform helps users manage their wealth and provides an option to invest in various mutual fund schemes. The app offers features such as Top Funds, Smart Savings, Manager Portfolio, and Transact with ease. The app offers three plans: Free, Premium plan priced at INR 39/month, and an Advisory plan at INR 999/year.

WhoDat

  • Registered As: WhoDat Tech Pvt Ltd
  • Founded In: 2013
  • Founder(s): Sriram Ganesh, Kaushik Das
  • Location: Bengaluru
  • Funding Details: $540 K (INR 3.70 Cr) from Idea Spring Capital-Future Now
  • Category: Augmented Reality

WhoDat is into building products that harness the power of technologies to help people visualise products to consumers so that they can make informed decisions. The company caters to both B2B and B2C customers and is building a proprietary hybrid SLAM (Simultaneous Localisation and Mapping) system that will allow it to create visualisations for indoor environments.

Wholesalebox

  • Registered As: Wholesalebox Internet Pvt. Ltd.
  • Founded In: 2015
  • Founder(s): Rohit Dangayach, Chandan Agarwal, Madhur Bhaiya, Rakesh Shekhawat
  • Location: Jaipur
  • Funding Details: $440 K (INR 3 Cr) from Orios Venture Partners Fund II
  • Category: B2B Ecommerce

Wholesalebox helps shops promote their business by broadcasting Wholesalebox designs to their customers with marked-up retail pricing and taking customer opinions even before buying, thereby reducing deadstock. It also helps merchants develop products according to customer demands and brand their online showrooms in a similar manner.

We Organise The Unorganised (WOTU)

  • Registered As: Wotu Technologies Pvt Ltd
  • Founded In: 2015
  • Founder(s): Dhruv Sawhney, Mihir Mehta
  • Location: Mumbai
  • Funding Details: $660 K (INR 4.5 Cr) from Kae Capital Fund II
  • Category: B2B Marketplace

Wotu is a platform that directly connects farmers, processors, and manufacturers with last-mile F&B outlets, starting from standalone restaurants and pubs to largescale hotels and food chains. The platform enables deep supply chain integration with farmers and processors, a strong technology platform, an extensive product range, a warehousing facility and platform-integrated logistic capabilities.

Wydr

  • Registered As: Techwider Network (P) Ltd
  • Founded In: 2016
  • Founder(s): Devesh Rai G, Hitha Uchil, Varun Guru
  • Location: Gurugram
  • Funding Details: $940 K (INR 6.40 Cr) from Stellaris Venture Partners India I
  • Category: Mobile B2B Marketplace

Wydr is an app-based marketplace that connects manufacturers, wholesalers, and retailers across categories such as fashion, home, automotive, and electronics.

Yourquote

  • Registered As: Yourquote Solutions Pvt Ltd.
  • Founded In: 2016
  • Founder(s): Ashish Singh, Harsh Snehanshu
  • Location: Bengaluru
  • Funding Details: Not applicable
  • Category: Online Journal

Founded by IIT alumnus, Yourquote is a journal helping its users read, write, and share content. It saves your effort and create a portfolio of your work.

Zenatix

  • Registered As: Zenatix Solutions Pvt Ltd
  • Founded In: 2013
  • Founder(s):  Rahul Bhalla, Vishal Bansal, Amarjeet Singh
  • Location: Gurugram
  • Funding Details: $440 K (INR 3 Cr) under Pi Ventures Fund I
  • Category: Internet of Things

Zenatix provides an energy management product. It uses advanced machine learning-based models and delivers up to 30% energy efficiency to large commercial consumers of electricity. Last year, in September, Zenatix launched its new product, WattMan, with the aim of helping retail and BFSI businesses save up to 20% of their energy bills.

Zipgo

  • Registered As: Zipgo Technologies Pvt Ltd
  • Founded In: 2015
  • Founder(s): Jitender Sharma, Pritesh Gupta,
  • Location: Bengaluru
  • Funding Details: $2 Mn (INR 13.4 Cr) under Ventureast Proactive Fund II
  • Category: Bus Pooling App

ZipGo offers on-demand AC and shuttle bus services to local commuters. All the vehicles are GPS-enabled and provide real-time tracking, route search, and easy-to-book options.

Zo Rooms

  • Registered As: Zostel Hospitality Pvt. Ltd.
  • Founded In: 2013
  • Founder(s): Dharamveer Chouhan, Akhil Malik, Abhishek Bhutra, Chetan Singh Chauhan, Tarun Tiwari, Paavan Nanda, Siddharth Janghu
  • Location: New Delhi
  • Funding Details: $2.93 Mn (INR 20.01 Cr) from Orios Venture Partners Fund II
  • Category: Budget Hotel Chain

Zostel Hospitality Pvt Ltd, Zo Room’s parent company, was founded with an initial investment of $30K (INR 20 Lakh). The startup has two brands — ZO Rooms and Zostel. It was in December 2014 that Zostel entered the budget hotel space with Zo Rooms, a chain of premium budget hotels, which grew to over 750 properties across 51 cities in India within 10 months of its launch. Amid lack of funds and OYO’s indecisiveness towards the acquisition, the startup pulled down its website in February 2016. OYO recently announced that it’s no more in the acquisition talks with Zo Rooms. The status of Zo Rooms after the failure of the acquisition talks remains a question.

Zyla Health

  • Registered As: Zyla Health Pvt Ltd.
  • Founded In: 2017
  • Founder(s): Tanmay Patil, Khushboo Aggarwal
  • Location: New Delhi
  • Funding Details: NA
  • Category: Healthcare

Zyla is creating a personalised engagement platform between chronic patients and a multi-disciplinary care team, coupled with an intelligent risk assessment engine. The startup aims to help patients and their families achieve the best health outcomes.

AIFS funded startups under fund of funds which got acquired

Sendd

  • Registered As: Crazymind Technologies Pvt Ltd
  • Founded In: 2015
  • Founder(s): Nav Agrawal, Sumeet Wadhwa, Sargun Singh
  • Location: Mumbai
  • Funding Details: $380 K (INR 2.6 Cr) from Kae Capital Fund II
  • Category: On Demand Shipping

Sendd is an on-demand shipping services startup, allowing users to send parcels. The company launched its B2C product in April and had later pivoted to B2B in August 2015. The startup got acquired by Craftsvilla, an ecommerce marketplace for handicraft products, for about $4.5 Mn in February 2016. After the acquisition, Sendd was to help Craftsvilla strengthen and streamline its logistics capabilities. According to the terms of the deal, the startup was to continue operating independently and selling its products to other ecommerce firms and marketplaces.

Handyhome

  • Registered As: Handy Home Solutions Pvt Ltd
  • Founded In: 2015
  • Founder(s): Aditya Gupta, Akash Goel, Bonish Gandhi, Harmin Shah, Kartikeya Datt, Manthan Shah
  • Location: Mumbai
  • Funding Details: $460 K (INR 3.15 Cr) from Kae Capital Fund II
  • Category: After-sales Service

Handyhome allowed users to book brand-authorised repairs and other services for electronic appliances online. It has more than 40 brands of home appliances on its platform. The startup got acquired by hyperlocal service provider UrbanClap in January 2016.

Vanity Cube

  • Registered As: Vanity Cube Mobile Spa & Salon Pvt Ltd
  • Founded In: 2014
  • Founder(s): Renu Bisht, Pragya Upadhyay
  • Location: New Delhi
  • Funding Details: $400 K (INR 2.70 Cr) from Unicorn India Ventures Fund I
  • Category: Hyperlocal Service, Beauty & Wellness

Vanity Cube operated as a B2B and B2C platform. The startup had Jabong, Knowlarity, Hindustan Times, and Big FM among its regular corporate clients. Company’s B2C model deployed freelance beauticians and charged a 30% commission on the freelancer’s earning. However, its B2B model involved permanent employees and generated revenues directly from services. It got acquired by VLCC in April 2017.

AIF-funded startups under Fund of Funds (FoF) which shut down

Ample Wholesale

  • Registered As: Imli Technology Pvt. Ltd.
  • Founded In: 2015
  • Founder(s): Tanmay Patil, Varun Verma
  • Location: Mumbai
  • Funding Details: $560 K (INR 3.80 Cr) from Orios Venture Partners Fund II
  • Category: Ecommerce

Ample Wholesale aimed at building a next-generation ecommerce business with technology at its core. The startup was shut down in November 2016, according to Inc42 sources. Among the founder(s), Tanmay Patil is now the co-founder of healthtech startup Zayla Health while Varun joined Deliveroo, a London-based food delivery company. However, according to his LinkedIn profile, he is no more associated with it.

Kaaryah

  • Registered As: Kaaryah Lifestyle Solutions Pvt Ltd
  • Founded In: 2014
  • Founder(s): Nidhi Agarwal
  • Location: New Delhi
  • Funding Details: $470 K (INR 3.20 Cr) under Saha Fund Scheme I
  • Category: Fashion Ecommerce

Kaaryah provides trendy western outfits for professional women with a focus on the Indian body type. The startup claims to be a technology-enabled and data analytics-driven apparel brand that caters to women’s western wear category in India. It differentiates itself from others by its modus operandi. The startup spends a substantial amount on its research team, which uses process re-engineering backed by home-coded technology to help the company stand out.

Roder (Earlier InstaCab)

  • Registered As: Vecto Technologies Pvt Ltd
  • Founded In: 2014
  • Founder(s): Abhishek Negi, Ashish Rajput, Siddhant Matre
  • Location: Gurugram
  • Funding Details: $110 K (INR 75 Lakhs) from Unicorn India Ventures Fund I
  • Category: Intercity Cab Aggregator

Roder offered intercity on-demand cabs. The startup was focused on revolutionising one-way travel between cities by offering cabs at almost half the fare than market rates. According to reports, Roder shut down its operations in September 2017 due to rising acquisition costs and low repeat rate for outstation travel.

After the shutdown of Roder, Abhishek is now leading an end-to-end agritech startup named KrishiGo (since July 2017); Ashish is the CEO and co-founder of AI-driven sales platform Flinkhub (since March 2017); and Siddhant is now VP, Strategy and Sales, at Pharmarack Technologies Pvt Ltd (since July 2017).

Frankly.Me

  • Registered As: Pochi Mobile Pvt Ltd
  • Founded In: 2014
  • Founder(s): Abhishek Gupta, Nikunj Jain
  • Location: Noida
  • Funding Details: $390 K (INR 2.62 Cr) from Kae Capital Fund II
  • Category: Social Network

Frankly.me was launched as India’s first video-only social network. From Arvind Kejriwal to Javed Akhtar, many celebrities have used frankly.me to interact with their fans through video blogs (more popularly known as velfies or vlogs). However, despite gaining in popularity, the startup was unable to achieve a sustainable product-market fit. As a result, the founder(s) shut down Frankly.me in February 2016.

While Abhishek is now leading NavGurukul and Zohem as co-founder and CEO. Nikunj has also made investments in several startups such as Drivezy, Jobspire, Tripoto, and more. Nikunj is also the co-founder of Nash Ventures.

KleverKid

  • Registered As: Perspectful Advisory Services Pvt Ltd
  • Founded In: 2013
  • Founder(s): Shabnam Aggarwal
  • Location: New Delhi
  • Funding Details: $75 K (INR 51 Lakhs) under Saha Fund Scheme I
  • Category: Edtech

KleverKid served as a marketplace for parents to find after-school tutors, workshops, and programmes for their children. It closed its operations in December 2016. The founder, Shabnam Aggarwal, is now working as an independent consultant and advisor. She has also authored a book entitled Failure & Entrepreneurship published by HarperCollins, which is set to release in June 2018.

Qyk

  • Registered as: Qyksell Technologies Pvt Ltd
  • Founded In: 2014
  • Founder(s): Deepak Singhal, Sangharsh Boudhh, Shobhit Singhal, Anubhav Sahoo
  • Location: Bengaluru
  • Funding Details: $790 K (INR 5.40 Cr) from Orios Venture Partners Fund II
  • Category: Professional Services Marketplace

Qyk collaborates local data and competitive quotes from the most relevant service-providers to enable customers to compare and hire quality service providers, saving them time and money. The app uses algorithms to intelligently match demand and supply based on parameters like specific requirements, location, availability, budget, etc.

The website is currently out of service and seems to have shut down sometime in 2016. According to the founders’ LinkedIn profiles, they dropped out of the startup after a year of launch and are currently leading a real estate startup PaperToStone.

Additionally, Inc42 is also one of the funded startups under Startup India’s Fund of Funds.

Inc42                    

  • Registered As: Ideope Media Pvt Ltd
  • Founded In: 2014
  • Founder(s): Pooja Sareen, Utkarsh Agarwal, Vaibhav Vardhan
  • Location: New Delhi
  • Funding Details: $310 K (INR 2.08 Cr) from Unicorn India Ventures Fund I
  • Category: Media and Information Platform

Inc42 is an Indian media and information platform producing data-backed news and analysis on all the vital elements of the Indian startup ecosystem at the intersection of technology, startups, and business. The startup aims to help Indian businesses navigate through the impact of the technological revolution by focusing on important issues and by providing a deep understanding of the world of technology based on data-driven insights and connections.

Startup Action Plan: The Development So Far

Since the launch of the Startup Action Plan in January 2016, a number of measures have been taken to facilitate early-stage startups in India in setting up their operational infrastructure.

For instance, startups are eligible for an 80% rebate in patent filing fees and a 50% rebate in trademark filing fees. They are also eligible for free facilitation along with fast-track examination of patent applications.

“423 patent facilitators and 596 trademark facilitators have been nominated for this purpose. This scheme has benefited 671 patent applicants, 941 trademark applicants along with 144 expedited examinations,” as stated by the DIPP.

Another important step taken by the DIPP to encourage the startup culture in India is setting up of Startup India Hub. Launched in June 2017, Startup India Hub is a single point of contact for the entire startup ecosystem to enable knowledge exchange and access to funding for startups.

Since its inception, the Hub claims to have:

  • Addressed 88,566 queries over the phone, email, and social media.
  • Facilitated 494 startups in business plan formulation, fundraising, and Policy 2 advocacy
  • Entered into partnerships with 25 corporates to offer mentorship, acceleration, and pro-bono services to startups and entrepreneurs.
  • Registered more than 41,000 users and visits from over 4.4 Mn users.
  • Enabled startups to connect with 260 mentors and investors, 140 incubators, and 10 government agencies through its platform.
  • The Hub also offers the Startup India Learning Programme, an online programme that assists entrepreneurs in building effective business plans and launching their businesses. More 2 Lakh persons have registered for this programme so far.

Richard Branson, founder of Virgin Group once said, “You don’t learn to walk by following rules. You learn by doing and falling over.”

The Indian startup ecosystem is going through a similar phase. While the start was slow, the stakeholders have been quick to catch up and are working to mitigate the existing gaps in the ecosystem by reaching out to startups which have a potential to bring in effective solutions in their respective domains. Such support, in the form of funding, mentorship, and in other areas, is sure to help India achieve its goal of becoming a true startup nation.

This list was compiled with the help of Utkarsh Gupta, who interned with Inc42 recently.

Author

Meha Agarwal

Inc42 Staff
Meha has engineering and MBA degrees, but she has always been a writer at heart. It was the perfect combination of utilising her research and analytical skills and her enthusiasm for writing that sparked her interest in writing about the Indian startup ecosystem – the latest tech and gadgets and the startups that create them. She is always on the lookout for industry-specific stories in niche areas of interest such as ecommerce, fintech, greentech and more.
Responses
https://inc42.com/buzz/digit-insurance-raises-44mn-from-fairfax-holdings/

Upcoming Events