StartUp
Start-Ups – With the gen-next cool trend to start working on new and innovative ideas, India is all set to outperform all other nations on the world stage in the years to come. Setting up small businesses by these young entrepreneurs is definitely going to boost the Indian economy in the near future. India is a home for almost 3100 startups starting per year standing just behind the US, UK, and Israel according to the NASSCOM report of 2015. If the growth is continued at the same pace then it is expected that Indian tech startups will generate almost 2.5 lakh jobs in the next five years.
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Indian government is also taking several steps to build an environment which is suitable for startups, since small businesses can play a very important role to develop and boost Indian economy in the future. In the Union Budget of 2015, government has established a process or a mechanism known as Self Employment and Talent Utilization (SETU) to support all the aspects of startups right from their seed financing stage to their growth stage. Also, government is also setting up ‘innovation labs’ at various places which are similar to that of ‘incubation centers’ in large national and foreign universities. It is also anticipated that government may roll out a Rs. 2000 crore fund to provide seed capital to startups related to IT and biotechnology.
List of StartUp Company
- Ask Arvi
AskArvi- India provides the world’s biggest market space for the insurance sector. The country’s insurance market is expected to be 4 times in size in the coming 10 years. Arvi is India’s best chatbot that makes insurance very simple and smart without any pesky sales calls.
- CoWrks
It builds workspace for businesses of all sizes. CoWrks main purpose is to bring together the biggest community of working professionals across the world. It also connects them through technology.CoWrks was founded by Sidharth Menda.
- Doctor Insta
Its business model is very simple. You can connect with the best doctors and other specialists from the comfort of your home through their mobile app.My Doc feature allows you to consult your own doctor via Video/ Phone/ Chat.If required, they can refer patients to US doctors for a second opinion. Also, they can easily store your Prescriptions and Medical records.Offices In – Gurugram, Total Funding $7MM
- Flock
It is an online collaboration software and messaging platform. It makes team communication hassle-free. It organizes all conversations, productivity tools, and apps in one place, so that team focuses on other important works It has a strong following throughout the world with more than 100 thousand companies using their enterprise chat app. Offices In: Bengaluru, Mumbai
- Overcart
It is a US-based company, provides a platform for return management. It’s in the initial phase and trying to the inventory optimization to India. Offices In: Gurugram Total Funding: $3MM
- Loan Frames
Provide small business loans for India. It is a Fintech company and focuses on SME loans through technology with a market Knowledge approach. It has grown rapidly in terms of the number of clients as well as the network of lenders. Offices In: New Delhi Total Funding: $2.3MM
- Instavans
Instavans makes the life of Shippers and truckers very easy by aggregating a large number of local truck operators and has built a “virtual fleet” that is larger than any other local provider. The Instavans platform will be offered as a web and mobile app. Instavans addresses most of the market inefficiencies and provides a Real-time platform to connect shippers and truckers, with automatic dispatch. It has simplified paperwork by using Online documentation for each pickup Offices In Bangalore Total Funding: $2MM
- Vedantu
It evolves the way of teaching and learning by combining quality teachers, engaging content, and superior technology. It provides a wide range of online classes and test preparation live by the best teachers of India. It provides a network where any student can tap into a teacher directly and learning can happen in a personalized way, anytime-anywhere. Offices In: Bangalore Total Funding: $16.6MM
- Smallcase
A small case is a basket of stocks/ETFs weighted intelligently to reflect an idea. It provides a simple, quick, and delightful investing option for the Indian middle class. It worked with India’s most trusted Financial brands like Axis Direct, HDFC securities, etc Offices In Bangalore Total Funding: $8MM
- DocTalk
It is a CRM and patient management platform for doctors. It provides hassle-free communication with patients. It provides high-quality care to patients with DocTalk mobile application. Offices In: Hyderabad Total Funding: $5Million
