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Though there are several startups in the home-maintenance segment, the sector is still dominated by non-organized players. One of the leading startups in this sector is Housejoy. Housejoy’s end-to-end technology-driven solutions for all home-related needs – right from construction to maintenance are paving a way for an indeed unique experience for its users.
Led by Sanchit Gaurav, Housejoy has kept cutting-edge technology at the core of all solutions and has a transparent and automated end-to-end process. Housejoy’s Construction and Renovation business is growing at the rate of 20% MoM and the growth seems unstoppable. Get an insight into the Success Story of Housejoy, its business model, founders, revenue, funding, competitors and more.
Started in 2015, Housejoy is a leading tech-driven Construction, Renovation, Interiors and Home Maintenance company catering to all home-related needs of Indian consumers. The company offers end-to-end technology-driven solutions for all home-related needs, from construction to maintenance.
The company is a pioneer in introducing geo-targeted technology when it comes to home services. Housejoy has its services running in 6 cities with more than 10 categories, that too in a highly fragmented sector.
The app and website of Housejoy are akin to a cab booking system where you are first asked to provide your location and then book a service. Once the user selects a location, various services available in that area are displayed to the user. It works similar to food delivery apps like Swiggy and Zomato.
Like many other online platforms, users can pay through online modes, banks, and cash. The app was wildly successful and was known for its reliability with more than 1 million customers and 500,000+ downloads in its initial years.
Housejoy – Founders and How it Started?
Housejoy was founded by Arjun Kumar and Sunil Goel, Sanchit Gaurav in 2015. Housejoy founders Arjun & Sunil quit the startup in 2017.
Arjun Kumar and Sunil Goel, Founders of Housejoy
Saran Chatterjee was the CEO of the company from 2015 till recently, he is now a member of the board. Sanchit Gaurav joined him in 2018. The company is now led by Mr Sanchit Gaurav the CEO and founder of Housejoy.
Sanchit Gaurav, Co-founder and CEO of Housejoy
Sanchit has close to 16 years of experience in the Indian real estate market. A serial entrepreneur, he founded Gaurav Housing Development Private Limited in 2012. He is also a Director at Altima Realty and Infra Private Limited.
Sunil Goel worked in the IT leadership team for two decades in TESCO and eventually switched his job to TutorVista as the head of operations. Sunil launched a video platform to pre-screen candidates before they are hired by a company. This platform was named VU First.
While Sunil was working in TutorVista, he met Arjun. Bookadda was the startup initiated by Arjun and he had raised $5 million in funding for this venture. Bookadda was eventually acquired by Sapna Group.
Arjun had worked for MakeMyTrip. He had experience working in different fields like product development and payment systems at different companies. While Sunil and Arjun were exchanging various ideas for startups, they felt there are several issues with home cleaning and maintenance. It was a realization of the tremendous potential in this field.
After working on their startup for around 3 years, the duo called it to quit. Many uncited sources say that the founders were forced to quit by the board members.
Housejoy has recently made several high-level appointments to its senior leadership team with a focus on innovation and digital transformation, including bringing on board –
Gaurav Joshi as Senior VP, Growth and Strategy
Arpan Biswas, VP, Marketing
Neelima Ronanki as Associate Vice President, Design
Deepak Thakur as Vice President, Product and Technology
Housejoy’s team also includes experienced Designers, Architects, Structural Engineers, Engineers, Site Supervisors, Quality Controllers, and Sales Representatives.
Pallavi Vijaydeep, Lead Interior Architect.
Tibin A is VP, Founder and CEO’s office, Customer Experience and Process Excellence
Housejoy started as a home maintenance and improvement brand that offered a variety of services including plumbing, carpentry, electrical services, pest control and beauty in five major cities across India. The company has now expanded its offerings to tap the almost $30 billion home construction market in India which is currently dominated by unorganized sector operators.
The conventional, unprofessional and non-tech-based approach often leads to a lot of problems for its consumers. Timelines are not adhered to, handovers get delayed, there is no accountability of schedule or cost-overruns, and at times, plans are altered without the consumer’s approval.
Even the quality and costs of materials used in construction are usually concealed from the customers. Housejoy understands these pain points and is committed to providing clients with a one-stop-shop offering 360-degree home construction and home services solutions.
Housejoy also focuses on bringing specialized beauty and wellness services to the customer’s doorstep. The on-demand salon and beauty services by trained and experienced beauticians include skin care, hair and makeup, and bridal and spa services using high-quality products.
The founders then decided to launch a startup that provides services at home and wanted a name that depicted the offerings. They came up with Housejoy which means the joy of being served at your home with satisfaction.
The logo of Housejoy is the roof of a house and under that roof is a smile which depicts the name Housejoy.
Housejoy – Business Model and How it Works?
Housejoy works on a marketplace business model wherein they charge a commission for the services delivered through their platform. The commission ranges from 5% to 15% depending on the category. Customers can choose a service from either their website or mobile app and book the same. Housejoy works as a mediator between service providers and consumers.
The brand offers its services on its website and mobile app. Customers simply need to choose a service from the available options and book it. The service provider will reach the customer’s house and perform the task. Housejoy works as a mediator where service providers and consumers can find each other and connect.
Housejoy – Revenue
Housejoy reported revenue of INR 136 crore in fiscal (2019-2020) which is 4x times more than in 2018. Housejoy’s Construction and Renovation business is growing at the rate of 20% MoM and their future plans include building 2000 homes in less than two years.
The company has also seen a massive increase in demand for its house sanitization and fumigation services which is expected to continue rising over the course of the next year.
Revenue grew 19% In FY18 i.e. INR 37.85.
In FY 17, revenue was INR 31.79 Crore.
Losses shrunk by 29.44 %, from INR 70.2 crore to INR 49.53 crore in a span of one year ending March 2018.
Housejoy – Funding and Investors
Housejoy has so far raised a total funding of $30.3 million from investors such as Amazon, Matrix Partners, Growth Story, Vertex Ventures, Qualcomm, and others.
Date
Amount
Series
Investors
June 2015
$4 Mn
Series A
Matrix Partners
December 2015
$23 Mn
Series B
Amazon, Matrix Partners, Qualcomm Ventures, ruNet
December 2018
$1.34 Mn
Bridge Round
Matrix Partners
December 2018
$1.58 Mn
Bridge Round
Vertex Ventures, RTP Ventures, Sama Capital,Qualcomm Ventures
The construction sector is labour intensive and hands-on. This is one of the foremost challenges that a startup like Housejoy faced in this domain.
“However, we keep everything streamlined with technology and ensure that any loopholes are addressed in a timely manner” says the team at Housejoy
Another challenge was the lockdown imposed after the COVID-19 outbreak which led to the disruption of its services. Initially, Housejoy operated for about a week by reducing the on-site presence of its workforce. However, work has picked up now and it has seen an increase in demand.
In future, the lean organizational structure where the number of on-site or in-house employees will be less will become a norm. The team at Housejoy are also going to focus on further automation of services so that the least possible disruption is caused to its services during any such unforeseen crisis.
Housejoy – Competitors
There are several companies and startups entering the home construction domain. Some competitors of Housejoy in the home-maintenance segment include Urban Company, Brick and Bolt, UrbanPro, Helpr, SBricks, Mr Right, Timesaverz, Bro4u, EasyFix, and Home Triangle.
Despite all the growth, the sector is still dominated by non-organized players. Housejoy’s vast expertise and in-depth understanding of consumer behaviour and needs have helped them create a unique profile. They have kept cutting-edge technology at the core of all solutions and have a transparent and automated end-to-end process. This ensures that all major stakeholders such as customers, sales teams, architects, designers, project managers and on-site engineers as well as the quality control and accounting personnel are on the same page.
Housejoy – Future Plans
Expansion of existing services and the addition of new areas is key for any organization. Housejoy has diversified its portfolio over the years in order to augment the business.
The Covid-19 pandemic highlighted the importance of branching out and innovation, even more. For instance, they have been focusing on constantly strengthening and modifying their service model by following customer feedback and inputs.
Post-Covid too, there will be a lot of focus on personal hygiene and sanitation. More people would opt to buy everything including groceries online. Housejoy has been receiving a lot of demand for organized at-home services and will be focusing on their on-demand beauty services too.
The company recently launched home fumigation services and is gearing up to do all that it can as a brand to ensure it helps its customers while ensuring the sustainability of the business. The overall goal of the platform is to become the largest tech-enabled construction and home services platform in India
Housejoy – FAQs
Is Housejoy shutting down?
No, there were rumours that the company might shut down but Housejoy confirmed that they are not shutting down and are planning to grow their services in India.
Who are the competitors of Housejoy?
The biggest competitors of Housejoy today are UrbanClap, TaskRabbit and Urban Pro.
What is the revenue of Housejoy?
Housejoy had a revenue of INR 136 crore in 2019-2020 which is 4x times more than in 2018. Housejoy’s Construction and renovation business is growing at the rate of 20% MoM.
What is the business model of Housejoy?
Housejoy works on a marketplace business model where the company charges a commission for services delivered through its platform. The commission varies across different categories. Some range from 7% to 10%, others lie in the range of 10% to 15%, and in the case of high ticketing services like construction and renovations, the commission may go up to 20%.
How much funding has Housejoy raised?
Housejoy has raised a total of $30.3 Million of Funding to date. Its most recent funding was led by Matrix Partners, Vertex Ventures, RTP Ventures, Sama Capital, Qualcomm Ventures and Ganesh Krishnan for $3.24 Million.
Bangalore, also known as Bengaluru, is the center of India’s tech industry. It is famously referred to as the Silicon Valley of India and the IT capital of India because of its position as the nation’s leading information technology (IT) hub. Be it a large MNC or an emerging startup, Google Maps will show you one of its offices in Bangalore. More often than not, it’s going to be the company’s headquarters that would show up; that’s how popular Bangalore is with the tech organizations. Bangalore has a major role to play in India’s induction in the list of favorable destinations worldwide for incubators and the startup ecosystem. In fact, according to a 2019 report, Bangalore has the third-highest number of tech startups in the world.
Therefore, it’s imperative for StartupTalky to cover the popular startups in Bangalore.
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Zoomcar, a Bangalore-based startup,is the first company in India to focus on self-drive car rental. It was launched in 2012 by David Back and Greg Moran. The company gives people the freedom to rent vehicles for one or more days. The customers are charged on an hourly or per-day basis depending on their requirements. Zoomcar is dedicated to giving its customers mobility, convenience, and independence. The company operates in more than 15 Indian cities, including Bangalore, Pune, Delhi NCR, Hyderabad, Mumbai, and Chennai.
Zoomcar raised a total of $3o million in funding from various sources. The company recently introduced a new service called PEDL, a bicycle-based rental service.
The MoneyTap app, launched in partnership with RBL Bank and several NBFCs, issues collateral-free credit up to a limit of INR 5 lakhs. People can choose from several repayment options for time – ranging from 2 to 36 months.
MoneyTap was founded by Bala Parthasarathy, Kunal Varma, and Anuj Kacker who are IIT and ISB alumni. MoneyTap raised a seed funding of $12.3 million from Sequoia India, New Enterprise Associates, and Prime Venture partners in June 2017.
Zivame is an online lingerie store featuring hundreds of styles of intimate wear for women. Zivame offers a wide range of products for women—lingerie, activewear, pyjamas, boxers, housecoats, etc.
Zivame was founded by Richa Kar and Kapil Karekar in 2011. It is India’s leading online lingerie platform, offering more than 5,000 styles, 50 brands, and 100 sizes. Zivame raised a total of $57.5 million in funding from different sources.
Lalit Keshre (CEO), Harsh Jain, Neeraj Singh, and Ishan Bansal
Industry
Digital investment platform
Founded In
April 2016
Groww – Bangalore Startup
Founded in the year 2016, Groww is headquartered in Bangalore, Karnataka, and acts as a mutual fund investment platform that helps users invest in mutual funds and stocks. Through this platform the users can directly invest in mutual funds, stocks, initial public offerings, digital gold, and exchange-traded funds.
The company has been founded by the former employees of Flipkart and had already raised $140 million as per the reports in April 2021. Next billion Technology is the principal owner of the company. The company is currently valued at over $1 billion.
Zerodha Broking Limited is an Indian financial services company that promises retail and institutional brokerage, trading services of currencies and commodities, mutual funds, and bonds. Zerodha boasts of an online website with detailed information on stock trading and capabilities.
The brand joined the unicorn club with a self-assessed valuation of over $1 billion in June 2020 and became the first Indian brokerage firm to achieve such a feat!
BYJU’s was founded in 2011 in Bangalore, named under Byju Raveendran, who started the company with his wife, Divya Gokulnath, as an online learning provider to offer the best and the most interactive and effective courses for students from grade 1 to those who are looking to crack competitive exams.
BYJU’s has been quite successful in growth and acquisitions and received equally laudable funding as well, which made it the world’s highest-valued educational technology company, valued at $16.5 billion, as of June 2021.
Credit card management and bill payments have become easier with CRED, which helps its members to manage their credit cards and pay their bills online and get exclusive rewards for their payments. Kunal Shah founded Cred in 2018. Know more about Cred’s Business Model and Revenue Model here.
Razorpay is a payments platform founded in 2014 that acts as a payment gateway for businesses to be integrated into their business process or with their websites to accept their payments. Furthermore, with the premium suite from Razorpay, the businesses can not only accept payments but process them and disburse them as well.
Razorpay accepts all kinds of payment modes that we can find today, including UPI, PayZapp, JioMoney, Mobikwik, Airtel Money, Freecharge, Ola Money, and more, which makes it further easier for all businesses and customers to enjoy the service seamlessly.
Khatabook is one of the fastest-growing Indian Fintech Saas companies that extends powerful and effective digital financial tools and solutions for micro, small and medium businesses, and enterprises. Available in 11+ languages and with a registered user base of over 20 million users, Khatabook is contributing significantly to increasing efficiency and reducing overall costs, thereby bringing in safe and secure business and financial solutions. Khatabook received the award for the “Best Innovative MobileApp” 2020 at the India Digital Awards in February 2020.
RentoMojo was founded in 2014 as an online rental platform that offers furniture, electronic appliances, and other appliances on a monthly rental basis to the end-users. As buying everything becomes quite expensive for young working professionals earlier in their job, Rentomojo understands their inconveniences and offers easy and affordable renting options for both small and large furniture and appliances.
Dailyhunt is a popular Indian content and news aggregator application based out of Bangalore, which provides content in local languages. The platform is currently well-versed in 14 Indian languages in which it delivers its contents in the form of new and current updates on trending topics.
GingerCup is a creative advertising agency. It specializes in coffee and teacup branding. The company helps brands engage and interact with their target audience by printing marketing messages on paper cups. GingerCup enables brands to reach out to their target group during tea breaks at offices and colleges.
Deepak Bansal and Devleena Neogi founded GingerCup. The couple came up with the idea of leveraging paper cups for branding and launched a startup centered on it in 2015. GingerCup’s client base includes companies such as BookMyShow, OYO, Nestaway, and Uber. GingerCup is backed by Sanket Gupta and Rahul Shah, two famous angel investors.
Colive is a Bangalore-based co-living space provider. It offers ready-to-move-in homes equipped with modern tech-enabled safety features. All the homes are fully serviced and professionally managed, not to mention the flexible offers and affordable options directed towards urban living. The spaces are designed specifically for single professionals and young couples who prefer living in a social community comprising like-minded millennials.
Colive was founded by Suresh Rangarajan, Arun Singh, and Saurav Swami. Suresh is the CEO of Colive, Arun is the chief investment officer, and Saurav is the vice president. Colive raised $12 million from Salarpuria Sattva Group, Ncubate Capital Partners, and some angel investors.
Zefo is a Bangalore-based online startup offering a marketplace for used goods. Zefo also works as a factory marketplace for furniture and appliances where it runs exchange programs for other companies like Urban Ladder. The team is also working with Flipkart on an appliances exchange program.
Zefo was founded in August 2015 by Rohit Ramasubramanian, Karan Gupta, Himanshu Joshi, and Arjit Gupta. It boasts Sequoia Capital, Beenext, and Helion Ventures as its backers.
StayAbode offers beautiful, fully furnished living spaces for young professionals. These are designed such that the residents have their own private spaces along with shared spaces for working, dining, etc. Thus, residents enjoy their private space amid a community of like-minded people that ensures they don’t feel lonely and left out in the city.
It leases out complete buildings–from the basement to the terrace–and turns them into co-living spaces. The StayAbode team then puts together the furniture and the common-room setup, ensuring the space has everything that a tenant needs with add-ons like community kitchens, study areas, reading spaces, and even barbeque grills in some properties. StayAbode received funding from Voyage Group, Akatsuki, and Incubate Fund. The company was acquired by NestAway in June 2020.
Amagi Media
Bangalore Startup
Amagi Media
Founders
A Srinivasan, Baskar Subramaniam, Srividhya Srinivasan
Amagi Media is a Bengaluru-based company that sells advertisement spots on English, Hindi, and Kannada TV channels. It allows advertisers to target cable TV subscribers across cities and regions by leveraging various TV channels. Outside India, it provides in-house technology to TV networks to assist them in delivering targeted ads and content.
Amagi Media Labs Pvt. Ltd. is the brainchild of KA Srinivasan, Baskar Subramaniam, and Srividhya Srinivasan. It was launched in 2008. Amagi successfully raised $45.2 million via 4 rounds of funding in 11 years.
HappyLocate is a one-stop relocation solution. It automates and enables corporates to manage end-to-end employee relocation through mouse clicks, enhancing the efficiency and experience of new hires joining with an in-built approval system while maintaining 100% policy-compliant migrations. With over 4,000+ relocation requests catered to for date, HappyLocate is currently one of the most preferred relocation partners in India. HappyLocate is available across 15,000+ PIN codes across India.
HappyLocate was founded by Ajay Tiwari in 2017. Before starting HappyLocate, Ajay worked with companies like Teleperformance, Nokia, and Vodafone in their HR department. HappyLocate is the preferred relocation partner for some of India’s most prominent enterprises like Coca-Cola,Nokia, ITC Infotech, OYO Rooms, and ACKO Insurance.
Corefactors provides all-in-one business management solutions. It integrates cross-functional responsibilities of marketing, sales, front desk, account management, and overall communication. The offering is a cloud-based, device-agnostic product that inculcates personalized bulk SMS, bulk email, landing pages, click-to-call, and voice record campaigns. Supported by a cohesive, formidable tech team since 2012, Corefactors handholds the client from lead capture to lead conversion. The startup enables enterprises/SMEs to segment contacts, run multi-channel campaigns, and increase their ROI monthly.
Corefactors was founded by Sharmila and Vimal. Sharmila is the CEO of the company, whereas Vimal leads business development. The company is funded by FHS Accelerator, AMNYK Group Inc, and Sesh Shankar, an individual investor.
Ezetap is a mobile-based payments company that collects electronic payments from debit and credit cards. Ezetap retails a pocket-sized point of sale (PoS), pin, and magnetic strip scanner. It not only reads the magnetic strips on credit and debit cards but can also convert mobile devices such as smartphones, tablets, and even Windows desktop PCs into PoS terminals.
Ezetap has seen an aggressive progression in the last two years and has now launched the ‘Chota ATM’ in partnership with SBI (State Bank of India). Sanjay Swamy, managing partner at AngelPrime Partners, invested in the company and came on board as a co-founder and chairman. Ezetap was founded by Abhijit Bose and Bhaktha Keshavachar.
Amit Gupta, Naveen Dachuri, RK Misra, Hemant Gupta
Industry
Electric Vehicles
Founded In
2017
Yulu | IoT – Machine Learning – AI – Startups in Bangalore
YULU provides seamless, shared, and sustainable first and last-mile connectivity using Micro Mobility Vehicles (MMV) through a user-friendly mobile app. YULU vehicles are designed for shared micro-mobility for Indian climatic and road conditions. YULU provides a user-friendly app that uses IoT, Machine Learning & AI, and Cloud Computing.
YULU has 8,500 bikes (known as Yulu Move) and closes to 2500 e-bikes (known as YULU Miracles). YULU now has 1.5 million registered users. YULU currently functions in Bengaluru, New Delhi, Greater Mumbai, Pune, and Bhubaneswar. Yulu had raised $ 7 million in seed funding till October 2019.
PurpleRain
Bangalore Startup
PurpleRain Technologies
Founder
Sathish Ganesh
Industry
SaaS
Founded in
2010
PurpleRain Technologies Logo | B2B Startups in Bangalore
PurpleRain provides two B2B tools called Limecalls and OutreachPlus. PurpleRain’s team is 100% remote with over 50 people from more than 20 countries. Founded by Sathish Ganesh in 2010, this Bangalore-based startup is bootstrapped and has its presence in India, London, and California. Thousands of B2B users globally rely on PurpleRain products for sales automation, cloud communication, and big data.
Bluestone sells an unmatched collection of certified jewellery. It has become one of the fastest growing online players, consistently achieving 2.5X revenues relative to the previous year. BlueStone claims to have grown by 150 per cent year on year.
Gaurav Kushwaha launched BlueStone in 2011 when online shopping was garnering pace in India. It raised $66.7 million from various capital ventures. One of its investors is Ratan Tata, the man credited for the Tata Group’s success.
YouPlus
Bangalore Startup
YouPlus
Founder
Shaukat Shamim
Industry
Video Search Engine
Founded In
2014
YouPlus | Startups in Bangalore
YouPlus is a video opinion search engine. The company filters videos produced and published online and give out valid opinion on these videos to the public. YouPlus leverages keyword matching to generate perspectives, similar to what Google does in the global market with its search engine. YouPlus was founded in 2014 by Shaukat Shamim. It received funding from numerous ventures but has not disclosed any financial details.
HackerEarth | IT/Software Startup Company in Bangalore
HackerEarth is a management software company that helps companies in the recruitment of candidates. The company has around 200 employees and aims to become better and larger with time.
HackerEarth was founded in 2012 by Vivek Prakash, a graduate of the Indian Institute of Technology, Roorkee. With its roots in Bangalore, HackerEarth has now shifted its headquarters to California.
Tookitaki
Bangalore Startup
Tookitaki
Founder
Abhishek Chatterjee
Industry
Marketing
Founded In
2012
Tookitaki | Startups in Bangalore
Tookitaki focuses on data intelligence with consumer behavior discovery and prediction being the pitch. It deals with media platforms and does planned marketing for its clients. Tookitaki ensures the target audience is involved in the discussion and focuses on building content on those lines.
Tookitaki was launched in 2012 by Abhishek Chatterjee. This Bangalore-based startup has raised more than $8.5 million in 5 rounds of funding.
Exotel
Bangalore Startup
Exotel
Founders
Shivkumar Ganesan, Ishwar Sridharan, and Siddharth Ramesh
Exotel helps build reliable connections with customers over voice and SMS. The company primarily focuses on phone calls and SMS(s) to save clients from the pain of investing in building a system specifically for such requirements. Exotel provides sales tools, marketing tools, support tools, productivity tools, and business intelligence services.
The trio of Shivkumar Ganesan, Ishwar Sridharan, and Siddharth Ramesh founded Exotel in 2011. Exotel raised $705,900 in funding from prominent organizations.
DailyRounds
Bangalore Startup
DailyRounds
Founders
Nimmi Cherian and Deepu Sebin
Industry
Forum
Founded In
2013
DailyRounds | Analytics Startups in Bangalore
DailyRounds is an academic network for doctors. It came into existence in 2013 through the efforts of Nimmi Cherian and Deepu Sebin. DailyRounds comprises a team of doctors and coders dedicated to building an ecosystem that fulfills the academic needs of medical professionals. DailyRounds is currently working on doctor analytics, sentiments, and case studies for the pharmaceutical and medical devices industry.
Sanjoe Jose, Jobin Jose, Subramanian K, and Tom Jose
Industry
SaaS
Founded In
2017
TalView – Bangalore Startup
TalView offers an online platform where users can conduct video interviews for pre-screening candidates as part of the recruitment process. Salient features of the product include the setup of interview invites, adding and sharing questions, and giving verdicts on the chosen individuals. Talview was founded by Sanjoe Jose, Jobin Jose, Subramanian K, and Tom Jose in 2017. The company has not disclosed any information about its 3 rounds of funding.
Simplilearn is an online platform for professional training. The company offers more than 400 courses in the areas of IT, programming, digital marketing, and project management. It also provides classroom workshops and online classes for businesses and enterprises, some of which are renowned Fortune 500 companies. Krishna Kumar came up with the Simplilearn initiative in 2009. Simplilearn raised $31 million through 4 rounds of funding.
Systemantics
Bangalore Company
Systemantics
Founder
Jagannath Raju
Industry
Robotic Technology
Founded In
1995
Systemantics – Startup in Bangalore
Founded in 1995, Systemantics is a robotics firm building industrial robots for the manufacturing sector. It designs, manufactures, and markets factory automation components and systems. The company’s products include a pick-and-place robot used for small parts feeding and assembly.
Systemantics has received funds from capital Accel Partners, Infosys’ co-founder Nandan Nilekani, and Blume Ventures. Systemantics has tied up with Titan and Hindustan Aeronautics (HAL) for robotic initiatives.
InstaScribe is a medium for creating e-books. InstaScribe provides a WYSIWIG editor and intuitive ways of directly editing the e-book. It hands over the control of format and semantics without having to worry about the technical details. The user can import content, directly edit and format it, auto-create TOC, easily fill up metadata, upload a cover, and export the e-book to various formats in one click.
Instascribe was founded by Abhaya Agarwal in 2013. Abhaya is an IIT Kanpur graduate and is also the co-founder of another startup called Pothi.com.
Blackbuck provides surface transport logistics services. It coordinates delivery trucks going between different cities using technology and operational processes. The company claims to be the largest trucking platform.
Blackbuck was founded by Rajesh Yabaji in 2014. Blackbuck received $285 million in funding from different ventures in 6 rounds.
Flutura
Bangalore-based Company
Flutura
Founders
Krishnan Raman, Srikanth Muralidhara, and Derick Jos
Industry
Industrial IoT
Founded In
2012
Flutura – Bangalore based IoT company
Flutura is an industrial IoT intelligence company emphasizing machine-to-machine Big Data Analytics. Flutura’s IoT intelligence platform, Cerebra, streams machine signals and derives actionable insights to optimize asset, process, and operational efficiency using diagnostics, prognostics, and asset assessment.
Flutura was the combined idea of Krishnan Raman, Srikanth Muralidhara, and Derick Jose in 2012. It evolved out of Bangalore but is now headquartered in Palo Alto, US. The development centre still functions out of Bangalore.
CueMath
Bangalore Startup
CueMath
Founder
Manan Khurma
Industry
Edtech
Founded In
2013
cuemath – Bangalore-based edtech startup
CueMath helps students interestingly learn mathematics and lets them overcome the difficulties related to the traditional blackboard learning method. It offers mathematics courses designed for a continuum of students, from kindergarten to high school. CueMath uses mathematics worksheets curated under the supervision of trained and certified teachers to ensure a rigorous curriculum that is fun at the same time. Teachers who join the platform can also make money through it; it won’t be wrong to call CueMath a freelancing platform for teachers!
Manan Khurma started CueMath in 2013. CueMath is available in five major Indian cities including Chennai and Pune.
75F is a building controls company that makes smart-building automation affordable and easy to deploy; all of this while improving occupant productivity through enhanced comfort and indoor air quality. 75F’s Building Intelligence System uses IoT and smart algorithms in the cloud to not only optimize energy efficiency but also uses the input from sensors to proactively adjust HVAC, indoor air quality, and lighting settings to optimize occupant comfort.
Practo is the world’s leading healthcare platform that connects millions of patients with hundreds of thousands of healthcare providers around the world and helps people make better healthcare-related decisions. Practo is one of the fastest-growing Silicon Valley SAAS startups.
Practo provides a singular platform that helps consumers with all of their healthcare requirements–finding the healthcare provider, booking an appointment, online doctor consultation, getting their tests done, and even ordering medicines. Practo also makes software products that help healthcare providers (ranging from clinics to hospitals) digitize and deliver high-quality healthcare to millions of patients around the world every day. The company has seven offices: Mumbai, Delhi, Bengaluru, Chennai, Hyderabad, Pune, and Singapore.
KredX was founded in 2015 with the aim to solve challenges related to cash flow. KredX now stands as one of the biggest invoice discounting marketplaces from India that helps the businesses get access to working capital quickly, within 24-72 hours at maximum, which they can achieve by selling their unpaid receivables. Furthermore, KredX also brings numerous opportunities for investors to earn higher returns with lower risks via unique short-term investment schemes.
KredX sees its funding coming primarily from Sequoia Capital, Tiger Global, and Prime Venture Partners and has raised around $33M in its 3 funding rounds.
Housejoy was founded in 2014 and is headquartered in Bangalore. It is home construction, painting, renovation, interior designing, maintenance, sanitization, and fumigation services company that also provides at-home beauty and make-up services, packing and moving, and home delivery services, through which it delivers essential daily needs.
Housejoy has received $30.2 million in funds to date and is planning its next funding round that would infuse around Rs 150 cr.
Ather is an automotive manufacturing company founded in 2013 and has its headquarters in Bangalore. Ather is a company well-known for the manufacturing of electric vehicles. It has manufactured 2 scooters – Ather 450X and the Ather 450 Plus, launched in 2020, which it markets all around the country and has manufactured more than 40,000 vehicles to date. Ather is prominently funded by Flipkart, Hero MotoCorp, and Tiger Global, and has raised close to $102.2 million till now.
Get My Parking is a Platform-as-a-Service company that works on a B2B model. Headquartered in New Delhi, Get My Parking integrates all the different parking equipment together and connects with on the mobile or cloud helping businesses and individuals to park their vehicles seamlessly.
Get My Parking has raised a total amount of $10.4M in its fundings over 5 rounds. IvyCap Ventures and Indian Angel Network are the leading investors in the company.
Scaler Academy is a Bengaluru-based ed-tech startup that focuses on the students who are eager to pursue advanced online computer science programs. Scaler Academy has framed a 6-month online course, which is effectively designed to enhance the coding skills of professionals with exposure to the latest technologies.
The students who take up the course in Scaler Academy are mentored by experienced tech experts and subject matter experts who have experience in working with leading organizations like Google, Facebook, Twitter, and others. Scaler Academy has received funding only in its seed round.
Mphasis is an IT services company that helps transform businesses with the use of cutting-edge technology that it provides. Mphasis focuses on the primary needs of the enterprises to become fast, innovative, and personalized to keep pace with the age of digital disruption. The company uses the X2C2TM framework and adopts the value chain/customer-in-view and helps enterprises scale new horizons through the all-new power of cognitive technologies and rich data resident in the enterprises. Mphasis was acquired by Blackstone Group on Apr 5, 2016.
Lo! Foods was founded by Sudarshan Gangrade, senior OLA executive in early 2019 as a food and beverage manufacturing and distribution company. Lo! Foods believes in catering to the Indians with low-carb food products to make their diets healthy and tasty. With their unique range of healthy food items Lo! Foods strive to help both the followers of the Ketogenic diet and others who simply want to eat healthily and stay fit.
India accounts for a considerable number of diabetic and heart patients in the world most of which occurs due to our diets and habits and Carbohydrates play an infamous role in that. Here’s where the company strives to stand out with the help of its natural, low-carbohydrate food items. By 2023, Lo! Foods are aiming to reduce the likelihood of Obesity, Cardiac, and Diabetes-related diseases by 5 million.
Nexhop is equipped with the power of the internet, which the company leverages to help the retailers get the benefit of online marketing. The Bangalore-based retail technology company empowers the retailers of now to embrace the internet to build their online presence and acquire, engage and retain their online customers.
Fabulyst is an AI and ML-driven mobile application that helps retailers get the best of technologies to improve their sales and conversion rates. Fabulyst helps the retailers to speed up, explore more style parameters, and build more informative and engaging content that will generate more accurate and comprehensive search results for them, thereby improving the rates of conversion and maximizing sales.
On March 23, 2020, Fabulyst was acquired by BetterPlace Safety Solutions for an undisclosed amount.
Xoxoday aims to build engaging and happy workplaces. Creating a motivated workforce is a challenge that every enterprise faces and with Xoxoday they can do just that. Xoxoday brings in Empuls that the business can now leverage to wipe out critical challenges associated with employee turnover, attrition, employee productivity, and employee happiness.
Furthermore, it has also designed Plum, which will further help the enterprises of today to simplify their digital rewards and recognition program across employees, channels, or consumers. This will help create better employee experiences to better customer experiences.
Ezyhaul was founded in 2016 by Mudasar Mohamed, Raymond Gillon as Ezyhaul Private Limited. It is a prominent digital road freight platform with full-fledged services in South Asia and promises B2B domestic short haul, long haul
, and cross-border shipments. The clients can book Ezyhaul services through their online platform. Furthermore, the clients can choose any marketplaces they prefer, and they can rest assured of the security and convenience of Ezyhaul.
Appriffy was founded on January 1, 2015, and acts as an IT hub with its headquarters in Bangalore, which helps individuals, startups and other enterprises build cutting-edge tech products. It is a digital marketplace from where individuals or enterprises can hire developers on an hourly basis, project basis, or on-demand.
Fanzart Fans was founded in 2012 as an online marketplace that offers a wide range of unique and classy electric pedestal and ceiling fans. Fanzart Fans list a wide array of designer fans that one can install in their dining rooms, bathrooms, kitchen, drawing rooms, offices, and more. Fanzart is looking to gain a share of around 20% of the Designer Fan Segment of the country.
Founded in 2015, Enguru was developed as a learning application, supported by all the latest mobiles and models that help the users to learn English. Enguru aims to help the users learn the English language through a combination of interactive games and conversations and thereby, is distinguished from its rivals.
Ankur Aggarwal, Dalvir Suri, Kabeer Biswas, Mukund Jha
Industry
Delivery, Ecommerce
Founded in
2015
Dunzo – Bangalore-based Startup
Dunzo is a delivery and eCommerce service providing company that is headquartered in Bangalore and provides its services in Bengaluru, Delhi, Gurugram, Pune, Chennai, Jaipur, Mumbai, and Hyderabad. The company also operates its Bike Taxi service in Gurugram.
Dunzo offers promising delivery of goods including packages, groceries, food, medicines, and more. It further pledges to boost the retail landscape with cutting-edge digital tools and solutions to streamline and facilitate eCommerce sales for MSME enterprises (MSMEs) and others. Read about the Marketing Strategies of Dunzo.
FindMyHealth is an AI-powered healthcare platform that offers effective healthy, herbal solutions to change the food habits and the lifestyle of the users for good. This is done by analyzing the selfies of the customers with powerful assessment tools powered by AI and suggests personalized herbal combinations and supplements.
Kapture CRM is a Saas-based computer support platform and cloud telephony solution that helps individuals, startups, and medium-scale companies to solve their queries faster and automate their processes for faster and more effective solutions.
Kapture CRM makes it easier to sort through a large volume of calls where the companies can keep a track of all the calls coming through, make a list of all answered and unanswered calls, available agents, along with all the relevant information of each of them.
Money View is a user-friendly mobile-operated application that helps users track and organize their expenses, bills, account balances, and more. This app derives important information from SMSes. Furthermore, Money View also helps the users to set and follow budgets, set reminders for bill payments and other money-saving options.
Woofwoofnow is a global pet consulting company founded in 2018. It started initially from pet taxi services and now offers a range of facilities for pets including online vet consultation, medical record management, mobile medical dispensary, pet merchandise, and more. The facility of non-emergency consultation and other benefits for pets are a couple of features that make Woofwoofnow a big hit! Pet owners can contact Woofwoofnow via its app and avail of all these services 24/7.
Factoreal is an automation tool or platform, designed to give the marketers an extra edge, eyeing the overall growth of the brand. The software operates as a classic Saas example and is built on 3 foundational principles – Simple, Intelligent, Effective. With its powerful automation technology, Factoreal promises to automate and thereby transform the customers’ journey and that of the marketers’.
KipStay is a tech-enabled, budget-friendly homestay accommodation network located in the unexplored countryside of India. Kipstay operates a collection of homestays within a two-five hour drive from major urban cities and outfits them with the comforts of home. It then rents them by night. Kipstay is designed to redefine short vacations. The experience, location, and design of Kipstay homestays are created in a way that helps guests unplug and detox from the stress of daily life and rejuvenate.
Kipstay launched its first property in Chikmagalur and received a great response from the customers. In the first week of the launch, Kipstay sold 3 months of weekends, and winter bookings were made 4 months in advance. Kipstay received funding from the alumni of IIM Ahmedabad and a group of HNIs.
Healthy Master strives to deliver healthy food products to its customers. The company believes in replacing all the unhealthy and junk food items with healthy ones. It wishes to emerge as a one-stop counter for all the health needs of the end-users. Healthy Master not only offers quality products but also assures timely deliveries, powered by quality customer support, along with providing exhaustive diet help for people with diabetes, and the followers of gluten-free and keto diets.
Cashfree is a fintech company from Bangalore that helps Indian businesses in making and accepting payments. Cashfree boasts of having more than 50000 businesses under their wing, whom they help in payment collections, vendor payouts, wage payouts, instant loan disbursements, and more.
Leading internet companies like Cred, BigBasket, Zomato, HDFC Ergo, Ixigo are some of Cashfree’s leading customers among others!
De Space is an interior designing startup headquartered in Bangalore. De Space caters to the residential homeowners with the help of skilled laborers, contractors, designers, carpenters, and supervisors to bring transforming turnkey designs. FHD Group India, Dreamspace India, Asense Interiors are some of the competitors that De Space has in the market.
Ninjacart is a B2B supply-chain initiative focused on fresh produce headquartered in Bangalore. The company aims to connect the farmers, manufacturers, and brands directly to the retailers. With the help of the Ninjacart platform vegetables and fruits can be distributed to the retailers directly and to the restaurants across the country.
Foxmula is a community-based ed-tech company that focuses on offering its users training, certifications, networking internships, jobs, and workforce. The company claims to be more than just an e-learning platform as it also goes ahead to focus on industry-oriented learning, career building, industrial hiring, and workforce management and thereby addressing unemployment issues.
GrabOnRent believes in providing easy access to furniture, appliances, and fitness equipment for everyone. One can simply browse through their exhaustive list of products, compare prices and delivery times among them and as soon as they select their product and make the payment online, they can get the particular item delivered right to their doorsteps.
ZestMoney is a consumer lending fintech company of India that helps people avail the benefit of digital EMIs without the need of reviewing the credit card or credit score. The company believes that EMI should be made available to all irrespective of whether the customers hold credit cards or manage healthy credit scores.
ZestMoney helps its customers pay for their flights, mobile, clothes, household appliances, holidays, TV, laptop, and more via EMI.
One of the largest marketplaces in India for bike and car sharing, Drivezy helps people turn their vehicles into earning members of their companies. Through its platform, people can book scooters, motorcycles, and cars from others who live around them. Starting in 2015, Drivezy currently boasts of 1500 owners tied to their network.
Multibhashi, as the name suggests, is a language learning app from Bangalore, India, which aims to be a huge help to Indian language enthusiasts around the country. These learning courses are designed by the linguistics experts of the company, which is imparted to the users via Cloud LMS, cloud telephony, streaming video, real-time chat, experiential learning, gamification, and interactive evaluation. This further leads to adaptive learning by the user.
ADmyBrand is an analytics-based omnichannel for ATL advertising. This ad marketplace helps in advertising on outdoor media, mobiles, radios, televisions, hoardings, newspapers, and other media via programmatic advertising and other disruptive technologies and thereby empowering the brands and marketing professionals of the age.
Luxaire is a fan manufacturing company that produces premium quality, decorative and eccentric ceiling fans to suit the growing needs of households and offices. Every fan from Luxaire is crafted with quality and with the disruptive technology that they are powering them. Initially starting with Punjab, UP, Sri Lanka, and the Maldives, Luxaire had already opened their eCommerce store with growing demands each day.
Strata is a Bengaluru-based company established in 2019, which is founded as a fractional real estate investment platform to invest in commercial real estate properties without any hassles. Furthermore, it ensures that all these investments in properties are affordable and transparent.
Bonito helps in bringing interior and exterior designing solutions for residential buildings, offices, and commercial buildings. Every member of Bonito takes care of the designing projects that come their way and promise their unique outputs in making the overall stand out from the rest.
Billed as India’s first online shopping marketplace, Voonik offers stylish hand-picked items for women. Furthermore, Voonik also offers numerous style advice and other fashion-related recommendations for their customers. Voonik merged with Bangladesh-based ShopUp on February 19, 2020.
Spoonshot emerges as a personal discovery platform, which aims to replicate human cognition in the food and beverage industry. The company leverages the all-new artificial intelligence technology to bring innovation to the food industry. Furthermore, the cutting-edge technology that the company uses helps them to predict upcoming trends and opportunities for innovation, revealing the future of food. Today, Spoonshot is supporting the world’s best-known brands in meeting the future needs of their customers. Spoonshot has received $712,000 from HNI, Zeroth.AI, Techstars, and Arts Alliance.
Refrens is a marketplace for business service providers that boasts of a network containing freelancers and agencies and acts as a bridge between them and the customers. It thus encourages the freelancers as well as the end-users to get the ultimate work done. The company is headquartered in Bangalore.
AttainU focuses on helping students make a career out of software engineering. It serves as a huge full-time, live online college alternative education platform for computer enthusiasts who want to explore the possibilities of software engineering. AttainU offers interactive and promising Live and Online full stack development courses to train the users and help them get hired and pay only when they get their jobs.
An intra-city logistics provider from Bangalore, Blowhorn was founded in 2014 and has grown up to be one of the leading names in the industry. It is distinguished by the forward, reverse logistics that it provides for first, middle, and last miles. Whether you want to transfer 1g or 1Ton weight of goods, Blowhorn is your destination.
Fatema Hussain, Mohammed Zeeshan, Ruhan Naqash, Sameer Ramesh
Industry
Education, E-Learning
Founded in
2013
MyCaptain – Bangalore-based Edtech Startup
MyCaptain is an online e-learning platform that exposes its students to one of India’s largest learning communities and thereby, helps students discover and pursue their passions. The company was founded in 2013 by Fatema Hussain, Mohammed Zeeshan, Ruhan Naqash, Sameer Ramesh and is headquartered in Bangalore.
CamfyVision is a video analytics company powered by AI, which develops intelligent computer vision algorithms using the combination of AI and deep learning. Headquartered in Bangalore, CamfyVision explores a wide range of functionalities like ANPR, traffic management, parking detection, detecting illegal parking, vehicle counting, speed estimation of vehicles, and more.
CamfyVision was founded by Vedpal Singh. The man has done his B.Tech from UPTU and has an M.Tech degree from Kurukshetra University. He did his Ph.D. from Universiti Teknologi PETRONAS in Malaysia. Before starting CamfyVision, he worked with Mindtree as a technical lead in computer vision and artificial intelligence assignments. The CamfyVision skeleton crew consists of nine people
Docttocare is founded as an online healthcare service provider, which offers easy consultation with the best doctors, clinics, hospitals, and more. Docttocare fosters excellent relationships between doctors, clinics, and patients and helps create better user experience and engagements by offering the options of virtual walkthroughs for the patients even before they land in a particular healthcare center.
Arzooo is a prominent retail technology platform, which acts as a B2B tech retail platform and a marketplace for the users who want to buy laptops, computers, and small or large electronic appliances. It is one of the fastest growing B2B retail tech platforms.
With a view of empowering coliving, Grexter Living helps its users find well-designed, safe, and affordable places to live. The key motto of the company is to locate good communities with commendable amenities for people to live in via a transparent process and without hassles.
Vedantu is an Indian e-learning platform built to ease tutoring and learning online. The platform helps to bring the tutors and the students on a level plane that helps them connect effortlessly and experience all the benefits of face-to-face learning online. WAVE (Whiteboard Audio Video Environment), a technology built by the company in-house, helps the students and the teachers enjoy a real-time virtual learning environment that makes online learning more interactive and interesting than ever. Know about the marketing strategies adopted by Vedantu.
GamesKraft is a gaming company that engages in developing games to be played online and through mobile gaming apps. The company has assisted numerous games and played a significant part in developing and scaling mobile apps for Bellwether Technology startups like Goibibo, Grofers, Myntra, Flipkart, and more. Prithvi Singh founded GamesKraft in 2017 and it is headquartered in Bengaluru, Karnataka.
LegalDesk.com is a game-changing platform that acts as a DIY platform for Indian users to help them create various legal documents and contracts online. All that the users need to do with legaldesk.com is to fill up their requirements along with all the relevant information, preview their legal documents and download the same as per their convenience. Furthermore, they can also opt for the hard copies of the documents to be delivered to their doorstep.
LegalDesk team comprises legal consultants, product designers, software engineers, content creators, salespersons and true blue digital marketers, customer engagement specialists, and more.
Capital Float
Bangalore Startup
Capital Float
Founders
Gaurav Hinduja, Sashank Rishyasringa
Industry
Financial Services, Fintech
Founded in
2013
Capital Float – Startup in Bangalore
Capital Float was founded in 2013 with a view to empower small and medium-sized enterprises and companies by offering them the working capital finance that they require. Furthermore, the company also offers short-term loans that are flexible for the budding companies and startups with which they can purchase inventory, optimize cash cycles, service new orders, expand their businesses, and more without any worries.
The users who are interested in applying for loans can do it in minutes now with Capital Float just by choosing their desired repayment terms and they will receive the funds they have applied for, credited to their bank accounts within 7 working days if everything goes alright.
Recko
Bangalore Startup
Recko
Founders
Prashant Borde, Saurya Prakash Sinha
Industry
Saas, Finance, Fintech
Founded in
2017
Recko is a financial operations platform that helps internet businesses and companies to analyze and manage financial data and makes financial workflows like calculating commissions, reconciliation, payout creation, and reporting easier than ever before. It is one of the best digital platforms for businesses to track and manage their account money seamlessly from end to end.
Mobile Premier League or MPL is an eSports platform that enables its users to delve into their favorite games and win real cash prizes. It is a skill-based online sports platform that brings in a wide variety of games to suit the growing needs of the gamers of today and help them join with their friends and showcase their talents along with opportunities of winning amazing cash prizes.
Embibe is an educational platform powered by personalized educational feedback services for students. Founded in 2012 by Aditi Avasthi, Embibe seeks to improve the educational standards of the students by leveraging personalized feedback.
Embibe is currently acquired by Reliance Industries, which acquired around 73% stakes in the company in 2018.
Zeta
Bangalore Startup
Zeta
Founders
Bhavin Turakhia, Ramki Gaddipati
Industry
Banking, Financial Services, Fintech
Founded in
2015
Zeta – Startup in Bangalore
Zeta can be described as a banking tech company for the modern societies that offer Modern Core and Processing for banks and financial institutions and Embeddable Banking for fintech and distributors.
Tachyon suite and Fusion are two of the best software that helps banks and fintech to get the best out of Zeta’s services. Founded in 2015, Zeta is currently available in India and even for banks, fintech, and enterprises in other parts of the world.
BuyHatke
Bangalore Startup
BuyHatke
Founders
Gaurav Dahake, Prashant Singh
Industry
E-commerce
Founded in
2012
buyHatke – Startup in Bangalore
A user in his/her usual journey to buy a specific product has to undergo a series of steps before landing on the specific product. BuyHatke, on the other hand, is one such company that aims to wipe out all the unnecessary steps that are there in between to trouble the users and help them get what they want with a simple search.
A dynamic product and price discovery platform, BuyHatke accumulate all the results it can get from different online shopping portals and extends the best deals to their customers, who can then go for the best deal they want and complete the purchase. The website currently displays an exhaustive list of products from over 40 promising eCommerce websites like Flipkart eBay, jabong, yatra, and more, which includes all kinds of products.
Chumbak
Bangalore Startup
Chumbak
Founders
Subhra Chadda
Industry
Shopping, Lifestyle, Ecommerce
Founded in
2009
Chumbak – Startup in Bangalore
Chumbak is a Bangalore-based Indian gifting startup that is basically an eCommerce website loaded with products that can serve all kinds of gifting purposes. Whether the users are looking for gifting their friends on their marriage, birthday, work anniversary, baby showers, and more, Chumbak will let them get the gift they want without any hassles.
Elocals Dakoo App is a hyperlocal eCommerce startup based in Bangalore. It was founded in 2017 by a team of IIT Kharagpur and IIM Kozhikode alumni—Avkash, Amit, and Kuldeep. The team is building a digital bridge between the local merchants and customers. Elocals is empowering local merchants and resolving issues regarding both online and offline modes of shopping. Through Elocals, small and medium sized enterprises affected by the dominance of the ecommerce giants can compete and grow against their online peers. As a result, customers are enjoying quick deliveries and good services at lower prices. Elocals currently operates in Bangalore but is planning to serve other Indian cities sometime soon.
Conclusion
This was our list of Top Startups and entrepreneurs in Bangalore. We hope this post on the Bengaluru-based startups has awakened the entrepreneur in you. Contact us to get featured in this list of Bangalore-based Startups.
FAQs
What are the best food and beverage manufacturing companies in Bangalore?
Here are the best food and beverage manufacturing companies in Bangalore:
Eatfit
Ola Foods
United Breweries
Tata Consumer Products
Hindustan Coca-Cola Beverages
Tata Coffee
United Spirits
Amrut Distilleries
Eagleowl
Xook
Orinko
Biggies Burger
Teabox
What are some Bengaluru-based tech companies?
Bengaluru-based IT companies list includes:
IBM
Infosys
Wipro
TCS
Amazon
Cognizant
Wipro
Deloitte
Capgemini
Oracle
What are some common online shopping companies in Bangalore?
Some of the well-known online shopping companies in Bangalore are:
Flipkart
Bigbasket
ShopX
Shophunk
Craftsvenue
Which digital marketing startups in Bangalore are some of the popular ones?
Some of the digital marketing startups in Bangalore are:
Digibaap
The Words Edge
Einfach Digital
Upword Media
Wytti
Techconnectr
Mind Blue
Social Panga
What are some prominent Bangalore software companies?
Some of the prominent Bangalore software companies are:
Wipro
Infosys
Accenture
TCS
IBM
Oracle
Cognizant
Capgemini
Cisco
Mindtree
HCL
Amazon
Dell
HP
Tech Mahindra
SAP
Honeywell
Mphasis
What are the business opportunities in Bangalore?
Bangalore offers numerous business opportunities for freelancers, businessmen, business professionals and other individuals. Here are 8 most profitable business opportunities in Bangalore:
Catering service
Retailing Online
Mobility Services
Packing and Moving Services
Furniture Rental Services
Childcare Services
Real Estate Broking
Food Delivery Services
Which are the top Startups in Bangalore?
Some of the most successful Bangalore-based startups are:
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Colive.
Given the increasing cost of property in metro cities, co-living is probably the most cost-effective way of living in urban areas without having to compromise on modern amenities. This is the reason why co-living spaces are getting popular, especially among youth. With the increasing number of youth moving out of their hometowns for studies or work, the concept of co-living is fast gaining popularity in India.
According to a Cushman & Wakefield India report, the Co-living market size across India’s top 30 cities is expected to grow more than double by 2025 to $13.92 billion from the current $ 6.67 billion. To meet this trend, Colive, a startup in Bangalore has come up with fully managed and technologically equipped rental co-living spaces, to make living comfortable, safe and affordable. Here is how Colive was started and how it is transforming urban housing in India. We interviewed Colive founder Suresh Rangarajan K to know about this fast-growing coliving startup.
Colive is a Bangalore-based co-living space provider. Colive offers ready-to-move-in co-living spaces, which are located near IT parks and business hubs. These homes are chic and equipped with modern tech-enabled safety features. Besides, all homes are fully serviced and professionally managed, and offers flexible and affordable options suitable for urban living. These co-living spaces are designed especially for single professionals & young couples who prefer living in a social community of like-minded millennials.
Colive is driven by the vision to get established as India’s No.1 Coliving brand offering technology-enabled, fully-managed homes for millennials & Gen Z in urban markets.
Colive USPs
Style
Modern Furnishing
Cinema and Sports Arena
Fitness and games room
Modern Storage Space
Self cooking equipment
Community kitchen
Safety
Facial recognition based key management
CCTV and Video Surveillance
Emergency response team.
Service
Professional House Keeping
High-Speed Internet
On Demand Maintenance Support
Power back-up
Savings
Affordable rentals
Flexi Lockin
Installment facility
Smart
Skype booth
Co-working space
Digital door locks
Social
Networking
Free holiday once a quarter
Invitation to exclusive events and parties.
“We launched Colive in Bangalore given the city’s universal appeal. Home to numerous IT companies, the capital of Karnataka a top destination for young working professionals who don’t have the capacity to rent a single sharing accommodation near their offices. Considering this factor, Bangalore seemed like the ideal place for Colive to begin its journey” The Colive CEO quotes.
Colive – Founder and Team
Suresh Rangarajan Kis the Founder and CEO of Colive.
Suresh Rangarajan K
Suresh Rangarajan K, Cofounder of Colive
Suresh Rangarajan K is an alumnus of Yale School of Management. He is a chartered accountant and serial entrepreneur. Prior to founding Colive, he was also a part of the founding team of TimesofMoney.com and Artha, a real estate enterprise. Under his enterprising leadership, remit2india.com went on to become the world’s #1 online money transfer portal & one of the most successful internet businesses in India.
Arun Singh was the Chief Investment Officer (CIO) and Co-founder of Colive. Arun has worked in the Indian Equity Markets for over 2 decades, which provided him a ring-side view of the transformation of the Indian economy. His last stint was at Alchemy, a boutique equities brokerage firm focused on Institutional and Ultra HNI investors. He was also part of the founding team at a startup before embarking on his journey of curating emerging businesses to bootstrap in his individual capacity. Singh stepped down from his position in September 2021.
Saurav Swami is the VP of Alliances at Colive. Saurav looks after Corporate tie-ups and partners for built-to-suit coliving buildings.
Colive brought on board, Arun Balan of the Balan and Nambisan Architects to design the double sharing rooms, which are strategically styled with modular furniture to offer a sense of privacy even in a shared space. As commented by Colive CEO Suresh Rangarajan, Signature Towers will let the residents experience the comfort of their home with the splendor of a deluxe hotel.
The company works with an employee strength of 100-150 employees.
Colive – Startup Story
During his stint at Artha, Suresh realized that India’s real estate sector has great potential. He noticed the housing challenges being faced by the millennials in India, and to solve the same he started Colive. The idea behind Colive was simple – to offer an effective solution to urban India’s housing owes.
“Even though property prices have gone down in the last decade, affordable housing remains a myth in India. Renting a 2BHK flat in any metropolitan city is impossible for many, especially for those who have just begun their career. Realizing this gap, I decided to launch Colive which provides affordable, convenient, fully-amenitized and managed accommodations while taking a deposit of only 2-months’ worth of the respective rents, as opposed to the standard range of INR 60k- INR 1,00,000.” said Colive owner Suresh Rangarajan K on explaining the idea behind starting Colive.
Colive – Mission and Vision
The mission of Colive is to “offer Colive residents to upgrade lifestyle with chic designs and contemporary interiors, premium amenities, and hassle-free living.” With real-estate in its DNA, and driven by a customer-centric approach, Colive aims to build automated processes and leverage technology that will help in scaling the business.
Colive – Name, Tagline and Logo
The name Colive is derived from co-living. The company’s tagline- ‘Colive your way’ embodies the sense of co-living with the independence of living the way one wants to live and having the freedom to make their own life choices. Colive Community is a non-judgmental society that respects an individual’s life choices and celebrates their differences which is showcased in the logo people peacefully co-exist.
Colive has a full-stack business model and it provides its services directly to the end-users. Colive takes buildings on long-term contracts from builders and franchises. The buildings are transformed into branded and serviced co-living spaces and then rented out to customers.
Colive – Revenue Model
Colive has two sources of revenue–
Fixed rentals– Under this model, Colive makes an agreement with property owners to pay them a fixed sum. The amount of earning over and above this fixed sum is Colive’s revenue.
Property management fee– Under this model, the revenue earned from rent is shared between the property owner and Colive in a predetermined ratio. This ratio may vary from city to city.
Colive – Funding and Investors
Colive has raised total funding of $12 Million in 3 rounds. Here are the Colive funding details –
Funding Date
Stage
Amount
Investor
April 2019
Series A
$9.2 Million
Salarpuria Sattva Group
February 2018
Seed
$1.8 Million
Ncubate Capital Partners
September 2016
Seed
$1 Million
Angel Investors
Colive plans to utilize the funding to ramp up its operations and expand its footprint in India.
Colive is being mentored by Bijay Agarwal, MD Salarpuria Sattva Group.
Colive – Startup Challenges
According to Suresh, as the concept of co-living is new in India, Colive had a tough time convincing the stakeholders, who were skeptical about the success of the concept.
Speaking about the challenges that the team initially faced, Suresh Rangarajan K said, “Acquiring the first 1,000 beds was tedious but once that was done, we could pace up while scaling to 10,000 beds. The initial months, in particular, were difficult for us. However, we stuck to our original plan and got well acquainted with our primary target group – the millennials. And, it was only a matter of time before our extensive efforts started showing positive results”
Colive – Competitors
For Colive, competition ranges from a PG operator to the global player that provides rental accommodation. Top competitors of Colive are, Your Own ROOM, Stay Abode, Zolo, CoHo, NestAway, NoBroker, Grabhouse, Square Plums, SimplyGuest, Comfy Stays, OYO Living, Stanza Living, Quickr Homes and FF21.
Style, safety, services, social, smart and savings – These are the 6 factors that differentiate Colive from its rivals. From finding the perfect accommodation to having immediate access to amenities and availing services; everything at Colive is accessible at the touch of a button through Colive’s website and app.
Colive – Growth
Colive boasts of being the future of living. The technology-powered coliving startup has noticed a good scale-up indeed. Here are some highlights of the growth of Colive:
Colive is managing 25000+ beds.
The area under management for Colive is over 4 Million sq. ft.
Currently operating in 3+ cities including Bangalore, Chennai & Hyderabad.
Has AUM of Rs 200 crore+.
Colive has around an 85% occupancy rate.
In 2018, Colive generated a revenue of INR 11 Crore.
Colive launcheed premium property in Bangalore, strengthening its position in the luxury co-living segment
Leading Indian coliving space provider ‘Colive’ has announced the launch of a premium property – Colive Signature Towers. Signature Towers is located in Doddanekundi, on the Outer Ring Road, in proximity to corporate powerhouses and IT Hubs of Bangalore, on August 19, 2019.
The property is targeted at both young working professionals and DINK (Dual Income No Kids) couples and comprises 140 double sharing and single occupancy/couple rooms, consisting of 280 beds. The USP of Colive Signature Towers lies in its ergonomic design. The fully-furnished rooms have contemporary interiors and come with a wide range of lifestyle amenities. Colive Signature Towers is also equipped with a terrace lounge, star-gazing deck, barbecue, conference room, cafe, fitness room, gaming and entertainment lounge, amphitheater, cinema room and a salon/spa. The terrace barbecue and the cafe, in particular, are touted as the key attraction of Signature Towers. The security system for Signature Towers includes CCTV, digital locks, emergency response team, and facial recognition-based access system.
Colive declared first Saturday of June as the ‘International Co-living Day’ to celebrate the spirit of co-living
Colive announced in 2019 that the first Saturday of June is deemed to be the ‘International Co-living Day’. This initiative was taken by Colive to celebrate the idea of co-living, which is fast becoming popular among the Indian youth.
The first ‘International Co-living Day’ was celebrated by Colive at Marathahalli location in Bangalore on June 1, 2019. On this occasion, Colive hosted a memorable, fun-packed event, which was attended by a whole band of youths. The event was kick-started with the launch of Bangalore’s first co-living facility – ‘Colive Sunrise’. ‘Colive Sunrise’ is located at a prime location on the Outer Ring Road and is in proximity to the major IT parks in the city.
Delighted at the huge success of the event, Colive founder Suresh Rangarajan said that co-living is no longer just a new phenomenon, but has become a necessity.
Colive founder and CEOSuresh Rangarajan said emphasizing the idea behind the event.
Suresh was conferred upon the prestigious Udyog Rattan award and WCRC. Ernst & Young also awarded him as the “Trend Setter in Real Estate”. Besides, some other awards and recognition received by Colive are –
Rated among the ‘5 Indian Start-ups that helped millennials to go smarter in 2020’ – by Asian Age
Rated among the ‘5 most popular apps among millennials’ – by Hans India
‘Transforming the rental industry with the buy-to-let model‘ – says Deccan Herald
‘A Platform that can make everyday life efficient for the tech savvy’ – says Deccan Chronicle
Colive App among the ‘Mobile apps that are hot with Millennials’ – says The Financial Express
Ranked among the ‘From teen to adulthood these 5 Apps will become your saviour’ – by T3F5
Colive – Future Plans
Colive has launches lined up in Hyderabad, Pune and Mumbai. It aims to scale up from the current count of 25,000 beds to 1 lakh beds, as of 2021. Colive is also planning to expand its presence to 25 university towns.
FAQs
What is Colive?
Colive is a network of fully-managed ready-to-move-in homes, conveniently located in close proximity to major IT Parks & business hubs. The homes are fully serviced and professionally managed while offering flexible & affordable options suitable for urban living.
What does co-living mean?
Coliving is a form of communal living that is popular in major cities as they are an affordable living solution for students, workers, people on a budget, or individuals who are relocating. The residents get a private bedroom in a furnished home but have to share certain common areas with other residents.
Are coliving spaces in Hyderabad, Pune, and Chennai available via Colive?
Colive makes coliving spaces available in Hyderabad. Besides, getting coliving space in Pune, coliving space in Mumbai and in Bengaluru are also easier than ever before with Colive serving all those cities.
Where is the Colive headquarters?
The Colive headquarters are in Bangalore, which makes finding coliving space in Bangalore really easy now.
What is the co living business model for Colive?
Colive is a co living service provider, which extends a wide range of wonderful coliving spaces for everyone living in the common metros of India. Colive leverages the full-stack business model to grow, thereby providing the services to the end-users.
One of the main issues students face while studying is that they fail to develop a clear understanding of concepts. This causes a lack of interest in studies. The solution to this problem lies in technology. With the use of technologies like AR, VR, AI, understanding even the toughest of concepts can be simplified.
Meet Embibe, a platform that is using technology to make learning fun. Embibe uses 3D videos and AI, to help students prepare for various schools exams, entrance tests, competitive exams, and Government exams.
Reliance-backed Edtech startup Embibe has established itself as one of the popular learning apps. The app offers a 3D interactive learning experience to the students. Embibe contains world-class content related to various courses, in the form of 3D slideshows and videos, which ensures that students need not rote any topic, but develops a clear understanding of every topic.
Students from classes 6-12, as well as students preparing for various entrance exams, competitive exams, and Government exams, can use the app. Besides offering courses for 6-12 for national and state boards of India, Embibe helps in the preparation of IIT JEE, BITSAT, NEET, VITEEE, and more. The app also helps aspirants prepare for Government exams like the SSC, Railway, Defence, and Insurance Exams.
Embibe ensures that students do not just learn the topics, but also gain expertise through practice. The platform helps students practice the concepts learned through a wide range of practice questions curated from hundreds of course and reference books. Students get guidance from the AI Bot ‘MB’ while solving the questions. Students can also take tests and get personalized feedback via the Embibe app, which helps them prepare better.
The best part about Embibe is the personal touch it provides. It is not a one size fits all platform. Embibe uses Machine Learning and AI to understand the current knowledge base and learning pattern of the students and suggests learning paths accordingly so that every learner can learn things at his own best pace possible.
Embibe also includes an app for the parents whereby parents can track the performance of their children on the Embibe app. Parents can track syllabus completion, check the feedbacks their children receive on Embibe, and much more.
Embibe is designed to run even on a low bandwidth internet so that students from rural areas where internet connection is slow can also use it effectively.
Aditi Avasthi is the founder and CEO of Embibe. She graduated with a B.E degree and later did an MBA from Chicago Booth. Aditi has years of experience, working with brands like TCS, Barclays, and Siemens, holding various technical and managerial positions.
Embibe Founder – Aditi Avasthi
Aditi embarked on her entrepreneurial journey with the launch of Embibe in 2012. Aditi like many youngsters in India dreamt of getting into IIT, but she missed the chance just due to a lag of a few points. This is one of the main causes that inspired her to start Embibe as a platform that can empower students to build their dream careers.
Embibe currently works with around 1800 + employees.
Embibe is operating with the mission to give every student the opportunity to be the best student they can be. While in our educational system Marks are used as a criterion to measure a student’s potential, Embibe is using Technology and deep data analytics to gauge the potential of the students and help them attain the best in their careers.
True to its vision, Embibe has helped many students from rural and backward backgrounds get into the best colleges around the world.
Embibe – Logo
Embibe – Logo
Embibe has raised a total of $196.7 million worth of funding in 4 rounds.
Embibe runs on a Freemium Model. Some of its features are free to use. Students can access some study materials, practice questions, and mock tests for free. Paid subscriptions come with added benefits like AI and ML-powered guidance for problem-solving and score improvement, and personalized feedback for every learner.
Embibe – Competitors
The top competitors of Embibe are –
Khan Academy
Founded in 2006 Khan Academy is a not-for-profit organization that provides free education on various subjects.
MeritNation
This online learning platform helps students from classes 1-12 grasp their studies better. With the help of technology, Meritnation designs a customized, self-paced learning experience for the students.
Toppr
Toppr helps students in the k-12 segment, as well as for competitive exams. Toppr also offers homework help apps. Toppr introduced a school operating system that helped schools run online during the Covid times.
Byju’s
Being one of the top players in the edtech segment, Byjus is a major competitor of Embibe. Byju’s caters to the learning needs of the k-12 segment, as well as provides tutoring for various competitive exams.
As per 2020 data, Embibe has over 10, 400 active users. The company has helped many students achieve their dream careers and thus has attracted the attention of investors. Reliance Industries holds an 85.38% stake in Embibe as of March 31, 2019. Some reports claim that Embibe’s Annual Revenue is $1.77M as of Dec 31, 2020.
In its bid to grow, Embibe has also acquired other edtech startups. Embibe acquired edtech startup 100 Marks in 2015. In 2019 Embibe acquired Funtoot, the world’s first intelligent and adaptive personal tutor for the K12 segment. In the same year, Embibe also acquired Test Preparation startup MockBank. In 2020, Embibe acquired Online Tyari, an online platform that helps students prepare for competitive exams.
By introducing new programs and through new partnerships, Embibe is all set to change and enhance the learning experience of the students.
Embibe – FAQs
Is Embibe Free?
Many Features of Embibe are free. Students can practice, take tests, and view lessons. But some features like personalized feedback, AI-powered guidance, etc are paid.
Is Embibe owned by Jio?
Yes, Reliance holds an 85.38% stake in Embibe.
Is Embibe Indian?
Yes, Embibe is an Indian company. Founded by Aditi Avasthi, Embibe is headquartered in Bangalore.
Company Profile is an initiative by StartupTalky to publish verifiedinformation ondifferent startups and organizations. The content in this post has been approved by Lo! Foods.
Taste and health never seem to go hand in hand. The Indian diet, especially snacks, is full of carbs and fat. Despite being conscious about the possible harm these snacks can cause to our health, it’s hard to resist that innate temptation to grab a bite of our favorite snack for something to munch on. So, what’s the other option?
Do you choose health over your favorite mathri or murukku? Or do you let go of your diet to feast on those tasty snacks? Nah, there’s no need to be selective. The option is to choose Lo! Foods.
Lo! Foods brings serves your favorite snacks in a healthy avatar so that there’s no longer the need to compromise between taste and health.
Lo! Foods is an FMCG startup founded in 2019, whose headquarters are situated in Bangalore. It manufactures a wide range of healthy Indian snacks. The company provides the widest range of low-carb and keto-friendly packaged foods in India. This includes namkeens, mixtures, biscuits, and desserts—many of these being the only of their kind i.e. a low carb/keto-friendly version in India. Lo! Foods also offer low-carb atta.
We have unique, technically superior formulations that have been developed after months of R&D. This makes our products the tastiest Low Carb Health products in the market. No other product comes close. Our range is also unique and Indian. Also, due to the nature of our formulations, we are also 35-40% cheaper than equivalent products in the market.
Lo! Foods – Industry Details
The healthy food and beverage sector in India is blooming and is poised to register significant growth in the years to come. In 2010, the health and wellness food market was worth INR 9,000 crore which reached to INR 10,352 crore in 2016; it continues to witness rapid growth.
Lo! Foods with its healthy range of food products want to make a positive difference in the lives of the Indian diabetic population. India currently has around 77 million diabetics, and the number is expected to cross 100 million in the next few years.
Lo! Foods – Founder
Sudarshan Gangrade
Sudarshan Gangrade, Founder of Lo! Foods | Lo! Foods Startup story
Sudarshan Gangrade is the founder of Lo! Foods. He was formerly the Head of Marketing at Ola. Sudarshan is a seasoned serial entrepreneur with vast experience in successfully running companies with expertise in growth, marketing, and analytics. An alumnus of IIT Kharagpur and IIM Bangalore, Sudarshan has been part of India’s e-commerce ecosystem right from its early days. An active sportsperson, he co-founded LeanScience—a boutique Diet and Fat Loss Consulting organization—in his most recent stint. A few years back, he quit his job and joined as a full-time volunteer in Nandan Nilekani’s team that was building the Aadhaar project. At Ola, Sudarshan helped build a viable transportation system for the Indian public.
Lo! Foods – Startup Story | How It Began?
Lo! Foods was conceived in response to the genuine concern Sudarshan had for people struggling to lose weight and be fit. Before starting Lo! Foods, Sudarshan had co-founded a boutique health and fat loss nutrition consulting firm called LeanScience. During that time, he got a chance to see up-close the struggles of people trying to lose weight and the problem of obesity in general.
Sudarshan observed that it was quite challenging for people to stop eating their favorite food and resort to bland and tasteless stuff in the name of fitness. Thus, the idea of providing consumers with a range of products that is healthy and yet tasty came to his mind and he was confident about the success of the same.
“Our thesis has been proved right. In the beta phase, we have seen our products flying off the digital shelves. Top Health platforms have joined hands with us to launch Lo! Foods. The response is really encouraging. Our repeat customer ratio already stands at 35% and we are yet to launch at a large scale” says Sudarshan.
Lo! Foods – Name And Logo
Lo! Foods’ logo | Lo! Foods Startup Story
The name Lo! is a play on the words Low Carb.
The “!” (exclamation mark) in the brand name was planned from the day the idea to start Lo! Foods was conceptualized. The ! was added to the name so as to give a pleasant surprise to consumers when they pronounced it.
Lo! Foods is indeed giving a pleasant surprise to consumers through its unique range of healthy Indian snacks!
Lo! Foods – Products
Lo! Foods offers a wide range of Indian snacks which not only taste good but are good for the health too. This food startup offers a healthy variety of namkeens, desserts, and bakery products.
We are already seeing customers across the spectrum actively cutting down carb consumption by reducing intake of ingredients like sugar, maida, rice and potatoes. We want to present them with a range of options where they don’t have to compromise on taste and their love for Indian snacks.
Lo! Foods – Revenue Model
Lo! Food’s products start at INR 35. The price differs depending on the product and quantity. The company makes a profit from the sales.
Lo! Foods – Funding And Investors
Lo! Foods raised seed funding worth $500k on August 22, 2019 from various angel investors. Some of the angel investors who took part in the funding round are Anuj Golecha (co-founder, Venture Catalyst), Raveen Sastry (co-founder, Myntra), Rashmi Daga (founder, Freshmenu), Sunil Chhabra (advisor and founding team member), Jumbotail, and Mitesh Shah (CFO, BookMyShow).
Before that, it had raised close to $300K in a Seed round led by Venture Catalysts on February 1, 2019. The last round that Lo! Foods saw, came from another Seed round dated April 16, 2021, with the help of which the company successfully raised $1 mn.
As said by Lo! Foods owner Sudarshan Gangrade, the funds raised will be used for expanding product portfolio and scaling up the brand’s distribution.
Lo! Foods – User Acquisition
Lo! Foods is not operating on a large scale yet. The company did a beta launch on its website and a very basic announcement on social media. Most of the customers the company has gained till now are purely through word of mouth publicity.
Lo! Foods is now live on Swiggy and other key e-commerce platforms. It has also tied up with the top health platforms in India to expand its customer base. In July 2019, Hyatt Place (Hyderabad) tied up with Lo! Foods to launch its low carb and keto friendly menu. This launch was executed on the Hyatt Place Hyderabad/Banjara Hills, a property of the renowned restaurant chain, Hyatt. The menu consists of Low Carb & Keto-friendly dishes, which include pastas, burgers, paninis, and desserts, which have been made with the help of Lo! Foods Atta. This specially curated menu is made available from July 10th, 2019 onwards and will include a range of all-day eating items like Paneer Kathi Roll, Grilled vegetable Panini, Carb friendly pasta, and desserts like Go Low Brownie.
Lo! Foods – Startup Challenges
Product development was the most challenging part of establishing the venture. The Lo! Foods team wanted to create healthy options while retaining the look and taste of traditional Indian snacks. It took almost 6 months of R&D and an intensive collaboration between a team of food technologists and nutritionists to come up with the right products.
Lo! Foods – Competitors
Though many companies are selling healthy snacks, Lo! Foods is differentiated from its competitors through its wide range of healthy Indian snacks. Britannia and Nilgiris are the director competitors of Lo!Foods.
There are many health-focused products available in the market. But we believe since none of the current options are catering to Indian taste palate, we are the only one in the space with one of its kind line of products – Sudarshan says emphasizing on Lo! Foods’ USP.
Lo! Foods – Growth
Within a short time, Lo! Foods have been able to attract a loyal fan base. It has various tie-ups in place and caters to more than 35% of repeat customers every month.
“We are ready for our next phase of growth. FMCG products are all about Product and Distribution. We have built a great product. We are in the phase where we now need to reach a large market, very quickly”
Lo! Foods – Future Plans
Lo! Foods’ mission is to reduce the incidence of diabetes and cardiac-related diseases in India by 5 million before 2023. The company plans to do this by reducing the overall consumption of carbs, an approach proven to help in weight loss and prevention of lifestyle-oriented diseases such as diabetes and high blood pressure.
FAQs
Who is the Founder of Lo! Foods?
Sudarshan Gangrade is the founder of Lo! Foods. It was founded in the year 2019.
What does Lo! Foods specialize in?
Lo! Foods sells snacks that are low in carbs and diabetes-friendly.
Is Lo! Foods an Indian Company?
Lo! Food is an Indian Company, founded in 2019.
Who is Sudarshan Gangrade?
Sudarshan Gangrade is the founder of the low carb and keto-friendly food products brand, Lo! Foods, which has been founded in 2019 and is headquartered in Bengaluru, Karnataka, India.
A nascent stage startup is no different from a toddler—it needs to be nurtured with utmost care and conditioned for tackling the challenges that lie ahead. To provide this grooming, several cities in India are preparing themselves for incubating and bolstering entrepreneurial ventures.
The global buzz surrounding the startup mentality has made it more important than ever to create a breeding ground for innovation and creativity, and it’s great to see that India is also taking this seriously. This has given rise to a number of startup hubs across the country, with the quantity increasing continuously.
There has been a paradigm shift when it comes to the importance of 9 to 5 day jobs. Although many Indians still prefer such jobs over conceiving new ventures, some studies report that the number of startups in India has grown over 7 times in the recent decade. Are Indian’s ditching the traditional conception of employment? Quite likely a yes.
According to the reports, the number of Indian startups in 2008 lingered at around 7000. A 2018 study estimated approximately 50,000 startups in existence across India. The startup culture in India has seen tremendous growth. According to a 2021 Global Startup Ecosystem Index by Startup Blink, three cities in India, Bengaluru, Delhi and Mumbai ranked among the top 20 cities globally.
If one was to single out a specific brand or entity that paved way for entrepreneurship in India, it would be Zoho. Then known as AdventNet.inc, Zoho offers productive tools (Document processing, etc.). It began in 1996 and amplified the “startup” trend in India.
Here is a list of some of the best cities for startups in India that are providing startups and initiatives to the pedestal to grow and make name for themselves. With the penetration of more international tech giants, most of these cities are changing into the IT hubs of India.
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Bengaluru, once known as the startup capital of India before it was dethroned by Delhi which added 5000 startups against 4,514 in Bengaluru from 2019 to 2021.
Bengaluru has been the womb to big shots like Ola and Flipkart. The city houses various technical and analytical firms, an enticement for budding and established entrepreneurs.
Rightly christened as the Silicon Valley of India, Bangalore is the perfect amalgamation of the corporate lifestyle and vibrant social life. Home to the country’s top technical and managerial institutions (IIM, Bangalore and IISC) and a strong industry connection, there’s no shortage of opportunities in this city. It is known as the best city for startups in India.
Even freelancers across the country have an inclination towards working out of Bangalore; such is the lure of the city. Other countries are becoming cognizant of the strategic significance of this south Indian city—large organizations are adamant about having at least one of their offices in Bangalore. This creates an extensive network highly beneficial to ventures and initiatives seeking support and guidance.
On the other hand, startups based out of Bangalore are expanding their operations and services beyond India. With the city in dire need of renovation and re-modelling (lack of space and water issues being some reasons for worry), the inevitable transformation of Bengaluru will open up new avenues for entrepreneurs. The city is also among the top IT startups in India.
Delhi
Delhi City
Delhi, the startup capital of India is the center of India that commands the respect of its own, Delhi is the seat of political power and this lends a greater hand to the startup ecosystem flourishing there. Having a stronghold in telecommunication and media, Delhi has been a destination for various entrepreneurship-related meetups and conferences, with the Government of India promoting and publicizing a majority of these events.
The close vicinity to Delhi has enabled both Noida and Gurugram to establish themselves as startup hubs. A trade and commerce place historically, Delhi has seen the rise of tech startups such as Hike and Paytm, food tech startups like Zomato, and Shopclues belonging to the e-commerce segment.
With booming infrastructure and ease of business, Delhi is counted among the top cities for startups in India where foreign behemoths like Samsung are exploiting Noida and Gurugram to the fallest; Samsung recently opened the “world’s largest mobile factory” in Noida. These regions entail a huge potential for growth along with a thriving network of investors and entrepreneurs. The presence of centres of excellence like IIT, DU and IIFT (to name a few) means there’s no shortage of expertise.
Hyderabad
Hyderabad City
Traditionally known as the city of pearls, this city in Southern India is witnessing a rise in foreign investments and the number of successful startups blossoming on its land. Hyderabad can be called the second IT hub of India after Bangalore.
With many international giants like Microsoft, Google, and Uber setting up their offices in Hyderabad, the city is slowly yet steadily catching up with Bengaluru as a startup hub. Top institutes like ISB, IIIT, and BITS being located in Hyderabad is icing on the cake—alumni from these places are directly incubating their ventures in Hyderabad.
The support from the State Government has encouraged entrepreneurs to make the best out of unrealized opportunities Hyderabad has on offer. The State Government is vesting time and money in organizing and setting up conferences, hackathons, state initiatives, and development centres—everything geared towards making Hyderabad synonymous with entrepreneurship. It is even slackening on policies and procedures to showcase the city as a favourable incubator!
Mumbai
Mumbai City
The city of dreams, also the home to some of the world’s wealthiest businessmen, has only recently been dethroned by Bangalore when it comes to India’s favourite startup destination. Mumbai is still the first choice for anyone who is into non-technical startups as it is India’s financial capital.
One of India’s most recognized institutions, IIT Bombay has been instrumental in cultivating the startup ecosystem across the nation, being the birthplace of many wildly successful startups. Moreover, alumni from this esteemed college have gone on to make name for themselves across countries through their initiatives. It’s a proud feeling to say that many globally recognized brands are the outcomes of the toil put in by IIT Bombay grads and post-grads. It is among the best cities for startups in India.
BookMyShow, JustDial, and Cleartrip are only scratch the surface of the plethora of startups to have emanated from this sea-facing city. With conglomerates like L&T and Tata group setting up their offices in Mumbai, the financial hub has seen a steep growth in the economy, employment, and business. But the rising cost of living and real estate in Mumbai has caused a few unicorn enterprises such as Ola to shift base. In spite of such issues, Mumbai will continue to dominate the entrepreneurship segment, come hell or high water.
Emerging Startup Cities in India
With big cities gradually losing their shine and attraction, many emerging startups are focusing on tier 2 cities for growth and sustenance. Some cities have seen a surge in entrepreneurial activities and have made it big in the last 3-4 years. Some of the emerging startup cities in India are:
Ahmedabad
Gurugram
Pune
Chennai
Kolkata
Nagpur
Chandigarh
Indore
Goa
Bhubaneswar
Lucknow
Surat
The Government setting up a tech park called GIFT City in Ahmedabad-Gandhinagar, Pune becoming a smart city, and Chennai emerging as a host to entrepreneurial discussions and events—smaller cities are gaining traction. Cheap land rates, low cost of living, remarkable talent yet to be utilized, and lucrative government policies have made these cities the future of the Indian startup ecosystem.
FAQ
Which city has the most startups in India?
Delhi has dethroned Bengaluru and now ranks in the first position for the most number of startups in India.
Which city is known as the startup capital of india?
Delhi is known as the startup capital of India.
Which is the best city for startups in India?
Some best cities for startups in India are Bengaluru, Delhi, Mumbai, Gurugram, Hyderabad, Noida, and Pune.
What is the best city to start a business in India?
Mumbai, Delhi and Bengaluru are some of the best cities to start a business in India.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Anveya Living.
Anveya focuses on beauty, personal care, and wellness products which have a daily impact on lives and the planet. Its products promise purity, combined with the wisdom of nature, and compete and beat their synthetic counterparts on results. The concept of Anveya, an online brand providing a range of products for skincare and haircare was born in the year 2018 out of a desire to give Indian consumers natural beauty products that are formulated using deep nature technology and solve real beauty concerns.
StartupTalky interviewed Mr. Vivek Singh (Co-founder & CEO of Anveya Living) to get insights on the journey and growth hacks of the startup. In this article you’ll discover how Anveya started, its business model, products, marketing strategy and more.
Anveya stands for harmony. It drives awareness and provides result-driven product choices for healthy and conscious living. Anveya focuses on beauty, personal care, and wellness products which have a daily impact on lives and the planet. Its products promise purity, combined with the wisdom of nature, and compete and beat their synthetic counterparts on results.
The Anveya range started in 2019 with the purest gifts from nature – pure essential oil extracts and cold-pressed beauty oils. It launched its formulated range in early 2020. By the end of 2020, the startup also launched its second brand ThriveCo, a treatment-based results-driven range solving some of the deepest hair and skin problems of the consumers. All this while the startup has listened to its customers, about what they need next and that has been the basis of most of its innovations.
“We invest time, resources, and energy in clean products and technology, to promote and develop the most results-driven, cutting-edge formulations for your beauty and personal care needs” says Vivek Singh, Co-founder & CEO, Anveya.
Journey of Anveya – How it Started
The company was founded by Vivek Singh and Saurav Patnaik in the year 2018 and is based out of Bangalore.
Vivek noticed that his wife stocked up on her curly hair products whenever she or other friends traveled abroad. She insisted that there were no Indian brands that matched the quality of what was available internationally. As he and Saurav spoke to more friends and family, they realized that this behavior was common across beauty products. They kept hearing that even the best Indian brands do not match the standard of international brands. They began digging into this only to realize that that cutting-edge deep work has been happening in research labs all across the world. But those innovations take too much time to reach the country if they do at all. This was the moment that they decided to create a brand that beats international brands in product quality and customer love.
The concept of Anveya, an online brand providing a range of products for skincare and haircare was born in the year 2018 out of a desire to give Indian consumers natural beauty products that are formulated using deep nature technology and solve real beauty concerns. It’s a premium beauty brand that has come a long way with a host of skincare and haircare products. The main focus of the brand is to provide personal care and wellness categories that have a daily impact on people’s lives and the planet.
Anveya began with an honest vision and modest resources. The product was at the core of the founders’ thoughts and so, key early investments were done on sourcing and R&D. The team decided to reach consumers directly through the internet, as that would help them talk transparently and they hoped that the consumers would reciprocate. This meant the team didn’t have to invest in building all-India distribution. Anveya started with operating from a single warehouse, a small team, and a strong will to make a difference. Its early investments came from the founders’ own savings and from friends and family.
The internet helped the startup a lot, the team wanted to have an open channel of communication with the customers, which it got with the grace of the internet. This enabled them to communicate transparently with others and discuss the solutions after hearing others’ needs and feedback. This was a very different approach from the traditional way of celebrity-showcasing, powered by a big budget that the other brands have been taking. Lastly, as an online-first brand, they wanted to leverage the internet and all its strengths against the massive offline distribution strength that traditionally was being used by beauty and personal care brands.
Anveya – Products and USP
Anveya is a premium brand and the founders take pride in being able to offer the cleanest and effective products for skin and hair care. These products target some of the biggest hair & skin concerns like dryness, damage, frizz, breakage, hair fall, scalp health, and hair growth.
Anveya Haircare Product
Anveya’s range comprises 45 premium quality products spread across the categories of Hair Care, Skincare, Cold-Pressed Oils, and Essential Oils. Its formulated products have been created in partnership with some of the most advanced labs across the world that work on natural active ingredients and with some of the top formulators and manufacturers in the country. These products are not only the best-in-class formulations, but also beat their synthetic counterparts on results. Anveya’s range of pure natural essential oils and organic cold-pressed oils includes some of the finest beauty and wellness gifts that come straight from nature, with an obsession with the origin, their purity, and their certificates of analysis. Its products, pricing, and positioning are premium, where the team is bringing international quality products to their consumers, made in India, at Indian prices.
In the year 2020, the founders also launched their second brand ThriveCo, a treatment-based range solving some of the deepest hair and skin problems of its consumers. All this while they have listened to their customers, about what they need next and that has been the basis of most of its innovations.
Anveya – Founders and Team
Anveya Living Private Limited has been co-founded by Vivek Singh (CEO) & Saurav Patnaik (COO). Vivek and Saurav have worked together since 2008 when Vivek used to head digital marketing for HT Media’s internet arm and Saurav used to run his marketing technology company Kenscio. After finishing their last assignments, the two came together in 2018 to co-found Anveya.
Vivek Singh, Co-founder & CEO
Vivek Singh – Co-founder & CEO of Anveya
As someone who grew up in a small-town middle-class family with agricultural roots, Vivek witnessed how lifestyle evolved from being in complete harmony with nature to devaluing nature, and with it, ourselves. He also realized that the beauty industry’s R&A was resulting in more in the destruction of our relationship with nature rather than in nurturing that relationship. Anveya is his attempt to find a common ground between customer needs, what the planet needs, the power of nature, and use science and technology to bring all these together. Before his role as the Co-founder & CEO of Anveya, Vivek led the emergence of FirstCry, the country’s leading baby & kids brand, as their SVP Marketing. He has also held marketing & business responsibilities for Hindustan Times Media’s internet businesses.
Vivek is a graduate of IIT (BHU) Varanasi and a post-graduate from IIM Lucknow. He spends his leisure time sketching and painting, and reading about evolution and the human mind. He is also the protagonist of a non-fiction book, Dare Eat That (Penguin RandomHouse India) which chronicles his attempt to experiment with and taste unique cuisines from around the world.
Saurav Patnaik, Co-founder & COO
Saurav Patnaik – Co-founder & COO of Anveya
Saurav is a serial entrepreneur with multiple successful companies built in the space of technology and advertising serving more than 200 Enterprises. On one of his technology chasing tours to Israel, he accidentally met entrepreneurs who were using high-tech stem cell technology to create potent personal care products. The focus was on results while keeping nasty chemicals away. While all these products & innovations were interesting and exciting, the realization also seeped in that Indian customers might not find access to these technologies at all.
Especially in a market where people are being handed beaten down versions/formulations of the products at rock bottom prices with the help of celebrities and false promises, the people deserved more. Thus began Saurav’s incessant and obsessive search for the best ingredients, technologies, and formulators across the world. As the Co-founder & COO for Anveya, Saurav is bridging the gap by making top-notch products and formulations available to Indian customers.
Anveya is a small and robust team of about 20 people who love doing great work together, and this has helped them grow as people and businesses.
Anveya – Name, Tagline and Logo
Anveya comes from the root word “anvaya”, which means harmony. The team here is inspired by how everything works so harmoniously in nature, how everything is beautifully balanced. They wanted to stand the harmony between nature, ourselves, and the products that all use.
The two leaves in its brand logo signify life, balance, and freshness. It reminds them that Anveya’s products have to stay true to the harmony that Nature inspires them to have.
Anveya Logo
Anveya – Mission and Vision
Anveya Living as a company, is propelled with the vision of closing the large gap that exists between the much-coveted international beauty brands and the other beauty offerings that are there in the Indian market.
According to a statement by Co-founder and CEO Vivek Singh, creating high-quality products is at the core of the vision of Anveya.
Anveya – Business Model and Revenue Model
Anveya is a direct-to-consumer brand (D2C). It works on and drives excellence at all steps of its consumer offering – right from the research and formulations, to sourcing of raw materials and tightly controlled manufacturing processes, warehousing and operations, marketing, eCommerce, and customer service.
Speaking on the business model of the company, Vivek Singh said, “The D2C movement was a disruption for the consumer industry. We’re taking it to another level by working to disrupt the D2C segment itself, by breaking some of the long-standing assumptions in the traditional FMCG and D2C industry. And in the process, customers are loving our honest, uncompromising and straight-talking brands.”
Anveya’s products are directly available for the customer at all points – whether it’s about telling them about the brand and product offerings, servicing customer orders, or answering questions. This helps it stay true to customer expectations and own the effectiveness that its products bring into their lives. The startup runs its own eCommerce stores at anveya.com and thriveco.in and directly manages its presence on marketplaces like amazon.in and flipkart.com without the involvement of any mediators or resellers. It operates its own warehouse and directly deals with logistics to ensure a high-quality seamless experience for the customers.
Now known as a major player in the D2C industry, it was quite early when Anveya decided to stick to the multi-brand strategy. The first brand of Anveya Living was named Anveya, which was founded in early 2019 and is designed as a premium beauty brand that offers hair and skincare solutions with the help of natural active ingredients that it uses. ThriveCo is the second brand launched by Anveya in 2020, with an aim to provide solutions for deep skin and hair-related causes. Both the brands are described as “clean labels”, which do not support the use of parabens or sulfates and stand as 100% transparent about the ingredients they use. Anveya Living also launched Anveya Curls, which is one of the first ranges that are solely dedicated to curly hair, which is something that is often overlooked by the traditional market.
A major portion of Anveya’s revenues come from its own websites anveya.com and thriveco.in. It also maintains an ingredient directory on its own stores where the customers can read about all the ingredients that the product used. It is currently planning to create a direct channel with the customers in the times upcoming.
Anveya – Launch and Marketing Strategy
Anveya’s very first customers, even before its public launch, were the founders’ very supportive friends. They helped the team to evaluate the thoughts, provide key inputs, test the prototypes, and spread the word.
At the start, the startup did not have an eCommerce presence of its own. Anveya launched its products on Amazon.in and then on Flipkart.com. These marketplaces have empowered brands and startups phenomenally. They are a great way for a young brand to reach potential customers. They have not only built fantastic shopping fronts for the customers but have also built a very robust and accessible backend for the brands. The team at Anveya utilized its advertising platforms to show its products and gain the first few customers. It gives young startups an opportunity to enter the same level playing field that the big established businesses and brands operate in.
Since the beginning, the team has been focussing on content. Even before Anveya’s products were launched, they started witnessing the audience reading its helpful articles. Even on the products, the startup provides a lot of details, literature, and documentation about the product, ingredients, what it does and what’s the best way to achieve your goals with the product and beyond.
“Lastly, if you do good work, a lot of repeat and word of mouth builds. We have been fortunate to see a lot of brand searches, repeating orders, and referrals too” Vivek added.
Anveya’s curly hair campaigns have had great success. The team wanted to provide a solution for people with curly hair – a customer segment that has largely been ignored by established brands and businesses. The startup’s message to ‘Embrace Your Curls’ hit a chord with the audience, as most other brands have always catered to straight hair only and some have even made curly hair people feel bad about their hair.
Anveya’s Curls Hair Care Range
Anveya – Challenges Faced
Bringing some of the world’s best quality products to Indian consumers had several challenges. Firstly, the Indian consumer has historically been served with much poorer quality products than some of the international counterparts. Ingredients that have been rejected by several countries are still being served here. When this was the norm, the founders decided to do it differently. They wanted to make sure that they get the best and most effective products possible in the entire world.
Secondly, and leading from the first challenge, was a consumer perception that Indian products don’t work as well as some of the international brands do. This is a perception the team at Anveya has changed with what they bring to their customers.
Thirdly, and the internet medium helped them a great deal here, the startup wanted to have an open channel of communication with the customers. This enabled the team to communicate transparently to customers about Anveya’s solutions and to hear from them their needs and their feedback. This was a very different approach from the celebrity-showcasing, big-budget approach the traditional brands have been taking.
Lastly, as an online-first brand, Anveya wanted to leverage the internet and all its strengths against the massive offline distribution strength that traditionally was being used by beauty and personal care brands.
Anveya – Funding and Investors
Anveya initially raised modest but sufficing investments from friends and family, including some respected angel investment names in the country. The company has raised its maiden funding (Seed) round on February 8, 2022, where it has raised $80 mn from Rukam Capital. These funds would be used by the company for further research and development. Furthermore, it is also planning to foray into new categories and markets along with building a team that would help it do so.
Funding Date
Name of the Transaction
Amount Raised
Lead Investors
February 8, 2022
Seed Round
$80 mn
Rukam Capital
The startup drives business health on both fronts – growth and economics. The team here focuses on having customer traction-driven growth and so far both of its brands have grown well on the back of fantastic products, transparent communication, and customer love.
With a purview on the competitiveness Anyeva faces, Vivek Singh says – Anveya is filling a gap that has been ignored in the country forever. It is producing premium beauty and personal care products, obsessing around the product quality and effectiveness, and at par, if not beating their international counterparts. There are only a few brands doing the good work that the consumers of the country deserve. The team looks at them as inspirations rather than as competitors, and they hope that all of these good brands succeed and make their place in the consumer’s hearts and in the market forever.
Anveya – Future Plans
Anveya’s journey has just begun. It will be launching new categories and growing the range from its current set of 45 products to about 70 products in the coming year to cater to the needs and goals of its customers. The startup will be looking at expanding the reach of its e-commerce stores and also reaching customers through targeted marketplaces. The team is also working on enriching the experience of their customers through content, consultation, and solutions to their needs.
Anveya – FAQs
What is Anveya?
Anveya focuses on beauty, personal care, and wellness products which have a daily impact on lives and the planet.
Who founded Anveya?
Anveya Living Private Limited has been co-founded by Vivek Singh (CEO) & Saurav Patnaik (COO).
When was Anveya founded?
Anveya was founded in 2018.
Is Anveya an Indian Company?
Yes. Anveya is an Indian Company based out of Bangalore.
How does Anveya work?
Anveya is a direct-to-consumer brand (D2C). Its products are directly available for the customer at all points. The startup runs its own eCommerce stores at anveya.com and thriveco.in and directly manages its presence on Amazon and Flipkart without the involvement of any resellers. It operates its own warehouse and directly deals with logistics.
What are Anveya’s Products?
Anveya’s range comprises 40 premium quality products spread across the categories of Hair Care, Skincare, Cold-Pressed Oils, and Essential Oils. These products target some of the biggest hair & skin concerns like dryness, damage, frizz, breakage, hair fall, scalp health, and hair growth.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Mudrex.
A rapidly growing sector of the larger financial technology (fintech) business is the cryptocurrency market. In order to enable secure and open transactions, the cryptocurrency sector makes use of digital currencies, blockchain technology, and decentralized financial systems. Companies like Mudrex are at the forefront of offering cutting-edge investing solutions in the cryptocurrency industry as demand for investment solutions for cryptocurrencies keeps rising.
Mudrex is a Global Crypto Investment Platform backed by Y Combinator and Nexus Venture Partners that operates in over 100 countries globally. It is a US-headquartered and Bengaluru-based fintech startup aiming to be the largest asset management platform for crypto investments. The company has $3 billion in trade volume, $20 million+ in assets under management, and 7,00,000+ investors.
StartupTalky interviewed Mr. Edul Patel (Co-founder & CEO, Mudrex) to get insights into the startup story and roadmap of the organization.
Mudrex – Company Highlights
Startup Name
Mudrex
Founders
Edul Patel (CEO), Prince Arora (VP, Engineering), Rohit Goyal (VP, DeFi), and Alankar Saxena (CTO).
Mudrex is a revolutionary cryptocurrency investment platform that empowers individuals and institutions to invest confidently in digital assets. With state-of-the-art technology and expert insights, Mudrex provides a secure environment to manage crypto investments. Their ultimate goal is to help clients achieve financial goals and become the go-to platform for crypto investing.
Products Offered by Mudrex
Mudrex Portfolio: The idea behind the product is to democratize access to investment opportunities in financial markets for investors. This product will provide access to sharp and insightful trading strategies that were earlier available only to high-net-worth individuals. The product is created to make an easy-to-follow process for cryptocurrency investments. The platform builds a portfolio bundle using top-performing algorithms for different risk-reward profiles. An investor starts with choosing a portfolio based on their risk-reward expectations. It then offers trading strategies and products that are most suited to their risk profile.
Mudrex Coin Sets: Mudrex Coin Sets are baskets of crypto tokens that will help users generate good returns in the long term. These crypto baskets are automatically managed and re-balanced periodically to ensure that they are improved as the market changes. Coin Sets is one such product that will allow investors to mitigate risk by diversifying investment in cryptocurrencies. It is a mutual fund-like product with a better risk-reward ratio. The product is designed to expand retail participation in crypto investment, curated suitably for investors who look at crypto investments as long-term wealth creation. Coin Sets boast of over 90% month-on-month retention rate.
USP of Mudrex
Being a holistic destination for all crypto investment requirements remains its biggest USP. Unlike other cryptocurrency exchanges in India, the Mudrex platform is hassle-free, easy to use, and equally supports trading and investing communities to test out strategies and grow wealth consistently.
Another major differentiator is the no coder feature offered to seasoned traders. This was introduced as the team realized that global exchanges that are open 24*7 do not provide accessible tools and proper infrastructure to trade. On the other hand, only 1-2% of the retail investor base holds the knowledge of crypto trading, hence Mudrex is trying to spread awareness and educate them on crypto as an asset.
Mudrex – Industry Details
The startup did extensive research to find out the market size for one of the most rapidly expanding industries in the world. Different sources point out that by 2025 the crypto asset management industry would be clocking more than $12.5 Billion per year. Mudrex’s growth estimates suggest that it will be able to scale up to capture 1% of that market share.
During the ideation phase of Mudrex, the team reached out to approximately 200 users experienced in the crypto space. They got a unanimous response stating that automating trading in cryptocurrencies was a revolutionary move. They then closely monitored the interaction with these users to understand their pain points. The founders & the entire team worked very hard to create a product that solves this unique problem. Apart from these 200 people, they reached out to various Discord communities to receive feedback and constantly improve the product and the user experience.
They figured that trading in the crypto market which remains open 24*7 was significantly different from trading in the stock markets. The team initially built Mudrex with the idea to make money for themselves. When they started building Mudrex in Oct 2018, the founders just wanted to solve their own problems. Automating trading was hard, finding quality strategies and signal providers was difficult, and the crypto world was filled with scams. They wanted to build a trustworthy, reliable, and scalable platform that just works and helps them grow their money.
2 years from that point, in Oct 2020, Mudrex made its first investment from the company’s books. The team paper traded for 6 months, ran countless backtests, and detailed risk analysis. After all, this was the company’s money, not something they could just afford to play with.
Mudrex – Founders and Team
Mudrex is a team of four co-founders from IIT Bombay and IIT Kanpur – Edul Patel (CEO), Prince Arora (VP, Engineering), Rohit Goyal (VP, DeFi), and Alankar Saxena (CTO).
Mudrex Founders
Edul Patel
Talking about Edul Patel’s background, he has over 10 years of deep-rooted experience in finance, entrepreneurship, and building tech-driven applications. His domain expertise lies in product and & risk management. Edul graduated from IIT Bombay in 2011, post that he went to Deutsche Bank and worked there for a couple of years in trading and investing. He left Deutsche Bank in 2013 to start his own company called Niffler.
Prince Arora
At Deutsche, Edul met Prince Arora (Vice President, Engineering) who was his CTO at Niffler, a tech lead in his next company, and now Co-Founder of Mudrex. ‘Nifler’- a $1 Million funded startup by SAIF partner (that eventually got acquired by Tapzo. Edul became the head of product at Tapzo, and it eventually got acquired by Amazon, and he didn’t want to go to Amazon. So Prince and Edul both left Tapzo and started working on Mudrex. They started doing this in September 2017.
Rohit Goyal
In September 2017. The duo got their third co-founder, Rohit Goyal (Vice President, DeFi). Edul has known him for the last 15 years now. He was a junior at IIT Bombay. Post IIT, he started his own company called Saabziwaala.com, which was acquired by Big Basket. After that, he started working on his own gaming company and created multiple casual games for over three years. After that, he came to Bangalore, started staying with Edul, and saw how interesting it was to work on Crypto.
Alankar Saxena
Mudrex’s fourth co-founder is Alankar Saxena (CTO) who was four years junior to Edul at IIT Bombay. He started his career at Twitter, and worked on personalization and scaling and Twitter security as well. He came back and started working at a credit lending startup, very quickly realizing that credit lending in India is an Operations problem and not a tech problem to solve. He joined Mudrex eventually.
Now Mudrex is a team of 25 to 30 people, about 70% to 80% are ex-IIT, Ex-NIT, Ex-BITS, Ex-Google, Ex- Microsoft and 60% are ex-founders who have built and sold their businesses to other companies in the past. So, Mudrex has a strong entrepreneurial team.
Mudrex’s mission revolves around bringing “risk optimised high yield investments to everyone.”
Mudrex’s long-term vision
Mudrex aims to become a one-stop solution for crypto investment needs. It will achieve this by expanding the user community, and providing superior tools to advanced portfolio managers.
Mudrex’s Short-term vision
On an immediate basis, its vision is to improve accessibility to crypto investment for retail investors. Hence, the team will soon launch the Mudrex application and introduce tools to ease the process. Simultaneously intend to educate and debunk myths around crypto investing for beginners and novice investors in the space to accelerate the process.
Mudrex – Name, Tagline and Logo
‘Mudrex’ comes from the amalgamation of the Mudra exchange. Mudra refers to tokens, and therefore the name implies an exchange to trade tokens.
The tagline of Mudrex is ‘simplifying investing.’ The founders knew that trading cryptocurrencies were cumbersome, and simplifying the process was their unique proposition.
Mudrex Logo
Mudrex – Startup Launch
Mudrex started by having extensive one on one conversations with different sets of people through Twitter and Discord communities. It reached out to close to 2000 such people to land its first set of 100 users.
Mudrex’s primary strategy while going from 100 to 10000 was scaling up its various online communities. The team followed this up with a referral campaign. As they started growing, the startup entered into partnerships with various influencers.
Mudrex – Growth
On average, Mudrex is at revenue growth of 100% month on month. It currently stands at over 50.000+ registered users and has clocked over 450% user growth in 4 months. Mudrex currently has a user base of 100,000 users from over 100 countries. Mudrex has assets under management amounting to $15 million (as of October 2021).
Mudrex – Mentor/Advisors
Mudrex is fortunate to have advisors such as Nexus Venture Partners, Village Global, and other VCs such as Kunal Shah, Anand Chandrashekharan, and Anjali Bansal.
Mudrex has transitioned itself into an investing platform for the cryptocurrency market. Some of the international competitors are BlockFi, Celsius, Nexo, etc.
Mudrex – Funding and Investors
Mudrex has raised a Pre-series A funding round on February 8, 2022, which came from Arkam Ventures, Tribe Capital and Bolt by QED Investors. With this funding round Mudrex aims to boost user acquisition, licensing and looks up to a quick expansion in geographies like India, the US, Europe and Latin America.
This came after 4 months since Mudrex last raised $2.5 mn from Nexus Ventures in August 2021.
Mudrex’s funding details are as follows:
Date
Stage
Amount
Investors
February 8, 2022
Pre-Series A
$6.5 mn
Tribe, Arkam and Bolt
Aug 10, 2021
Seed
$2.5 Mn
Nexus Venture Partners with participation from Village
September 1, 2020
Pre-Seed Round
$250K
–
March 18, 2019
Seed Round
$500k
Y Combinator, Better Capital
“With the funds raised, we will be looking to perfect our existing products and introduce tools for simplifying the investing journey of investors. Furthermore, the capital will be utilized to expand the team globally and establish Mudrex as a leading crypto investment platform” – says Edul Patel, Co-founder & CEO, Mudrex.
Mudrex – Challenges Faced
Mudrex was started as a cryptocurrency exchange for India. The biggest challenge they faced was right before the launch of the platform in 2018. But just before going live, the RBI’s single unilateral decision robbed Mudrex of its entire market. On 8th April, the RBI decided to ban crypto trading in India which led to a massive setback for Mudrex. The team realized that an exchange is highly commoditized and the actual value is the investing part. They wanted to serve a global audience, hence turning the setback into an opportunity. Years later they launched Mudrex as a crypto investment platform.
Mudrex – Business Model & Revenue Model
Mudrex operates in a B2B2C business model. In Mudrex, there is a fee for different algorithms that you choose to invest with. The starting fee is as low as 1%-2% on average per month for investing in these products. And typically users see 7%-8% on their returns.
1. Mudrex Exchange – Build Mudrex’s retail-focused property. The team is building a full-fledged end-to-end crypto trading and investing platform. Users will be able to buy crypto from fiat, store it, trade it and invest it. They are working on a mobile app as well
2. Mudrex Capital focused on institutions – Provide bespoke services to 250k USD> clients. Institutional investors focused on the asset management desk providing bespoke products to HNIs, Funds, and institutions. The minimum check size for this is 250k. Mudrex will be advancing this desk to start providing services to others
3. Investment as a service
Working with liquidity gatekeepers as channel partners
Provide investment options directly to exchanges, wallets, and liquidity sources as a service to let their users invest
Five global integrations with exchanges across confirmed, there are 13 more in the pipeline.
4. ‘Shopify For traders’
Work with product gatekeepers as channel partners.
Repackage the Mudrex billing, subscription, and payments infrastructure in a service that traders use to run their own subscription business and community.
The pilot is already running. The product will go live soon this year
5. Products based on Mutual funds like layer
Mudrex is planning to launch a Crypto product based on themes in the upcoming weeks
The product modeled on the lines of ETFs/Mutual Fund will help users to participate in crypto retail
6. Team Expansion – Mudrex recently raised $2.5 million from Nexus Venture Partners as part of its seed round. The funds will be used to expand the company’s personnel and operations, as well as develop new products that meet global regulatory requirements.
Mudrex – FAQs
What is Mudrex?
Mudrex is a Global Crypto Investment Platform. It deals in 2 Products – Mudrex Portfolio & Mudrex Coin Sets. The former democratizes access to investment opportunities in financial markets for investors and offers trading strategies that best suit the risk profile. Whereas Mudrex Coin Sets are baskets of crypto tokens that will help users generate good returns in the long term.
Who are the founders of Mudrex?
Mudrex is a team of four co-founders from IIT Bombay and IIT Kanpur – Edul Patel (CEO), Prince Arora (VP, Engineering), Rohit Goyal (VP, DeFi), and Alankar Saxena (CTO).
How does Mudrex make money?
In Mudrex, there is a fee for different algorithms that you choose to invest with. The starting fee is as low as 1%-2% on average per month for investing in these products. And typically users see 7%-8% on their returns.
Is Mudrex an Indian Company?
Mudrex is a US-headquartered and Bengaluru-based fintech startup.
What is Mudrex’s USP?
Being a holistic destination for all crypto investment requirements remains Mudrex’s biggest USP. Another major differentiator is theno coder feature offered to seasoned traders. This was introduced as the team realized that global exchanges that are open 24*7 do not provide accessible tools and proper infrastructure to trade.
Company Profile is an initiative by StartupTalky to publish verifiedinformation ondifferent startups and organizations. The content in this post has been approved by MoneyTap.
Don’t you think life would have been easier if you had a personal line of credit at your disposal? Who doesn’t want a hassle-free credit, where there are no formalities and paperwork? And the icing on the cake would be the money getting topped up in your account as you keep paying back the borrowed amount.
You are wrong if you think this isn’t possible. MoneyTap, a Bangalore-based startup has made this dream a reality. The company claims to be India’s first app-based personal line of credit for consumers. MoneyTap is India’s first company that provides lifetime credit of up to Rs. 5 lakh instantly to its customers.
Started by three serial entrepreneurs, Bala Parthasarathy, Kunal Verma, and Anuj Kacker, MoneyTap was incorporated in October 2015. It offers instant personal loans of up to Rs 5 Lakhs, with the entire KYC process happening through its mobile app. It is headquartered in Bangalore, India.
The startup aims to deliver quick and flexible personal loans to individuals in partnership with banks – smoothly and efficiently.
The MoneyTap app is a trustworthy and reliable one with many USPs. The app offers instant online loans through a 100% paperless process and doesn’t require a bank visit. Moreover, one has to pay interest only on the amount borrowed. A loan taken through their app is collateral-free and has flexible loan tenures of 2-36 months. MoneyTap is India’s first company that provides lifetime credit of up to Rs.5 lakh instantly to its customers.
Getting loans from MoneyTap is super easy. Eligible candidates need to download the app and fill the KYC. After completion of the KYC formalities, the loan is approved and the customer is given a MoneyTap credit card that’s loaded with the sanctioned amount. This can be used as a credit card or for withdrawing from the MoneyTap account. Once the repayments are done and there isn’t further need for an account, one can easily close the account through their website or the app.
To be Eligible for MoneyTap Loans, one needs to be between 23-55 years of age and should have a regular source of income. A person having as low as a minimum in-hand salary of Rs 15,000 per month can apply for loans on the platform.
A Complete Guide on How to get Instant Loan from MoneyTap
MoneyTap – Industry Details
With the significant increase in internet users, almost every solution is now available online. Like all other services, financial services have also become accessible through apps and online services. Many Fintech companies are cropping up in the Indian market.
India is amongst the fastest-growing Fintech markets in the world. Of the 2,100+ FinTechs existing in India today, over 67% have been set up in the last 5 years. The Indian Fintech market is currently valued at $31 Bn and is expected to grow to $84 Bn by 2025, at a CAGR of 22%.
The Fintech transaction value size is set to grow from US$ 66 Bn in 2019 to US$ 138 Bn in 2023, at a CAGR of 20%.
The Indian government is also launching initiatives to develop Visakhapatnam (Vizag) as the ‘fintech valley’.
MoneyTap CEO, BalaParthasarathy is the co-founder of multiple startups in Silicon Valley, including Snapfish (sold to Hewlett Packard). He has contributed immensely to the growth of Snapfish by gathering 100M users and $300M in revenue. Bala also volunteered for UIDAI under Mr Nandan Nilekani in 2007. He started AngelPrime, an angel investment firm in 2011 (now Prime Venture Partners). While working with AngelPrime he helped shape companies like ZipDial (sold to Twitter), EZETap, Happay, etc.
KunalVarma is a serial entrepreneur, who founded Whimsia Custom Works, a company for customized merchandise, and Aspirare, which designs learning programs and assessment solutions for job seekers and college graduates. Kunal along with Anuj Kacker also co-founded Tapstart, a job discovery platform.
Anuj Kacker is the COO of MoneyTap. Anuj has experience in diverse fields courtesy of working with established brands such as Airtel, Reliance, and JWT. He co-founded Tapstart which grew to 300K users and turned profitable within two years. Anuj exited Tapstart in 2015 to join MoneyTap.
With a small office in Mumbai and the headquarters in Bengaluru, the MoneyTap workforce is comprised of 30 people, as per 2019 data.
MoneyTap – The Idea And Launch
MoneyTap Founder
MoneyTap was founded keeping in mind the needs of the middle class. The salaried class is often constrained by monetary issues when it comes to satisfying needs. These needs can be anything like medical needs, school fees, or house rent.
The trio observed that just a minimal amount of credit could help the middle class take care of these needs easily. But extensive paperwork and formalities make people apprehensive about taking loans unless it’s a huge amount. Moreover, credit cards and personal loans are not very popular in India.
Besides, the middle class also finds it humiliating to borrow money from family and friends. MoneyTap was the solution to this conflation of issues.
The name MoneyTap was chosen because the app allows users to get money simply at the tap of the finger.
MoneyTap – How it Works?
The MoneyTap app, launched in partnership with the RBL Bank and several NBFCs, issues collateral-free credit up to a limit of Rs 5 Lakhs. The founders added that consumers can borrow anywhere between Rs 3,000 and Rs 5 Lakhs from the app and choose from among several repayment options with regards to time ranging from 2 to 36 months. MoneyTap and RBL also launched the RBL MoneyTap credit card. The card can be used like any other credit card for making online and offline payments. Users can also transfer money from the MoneyTap app to their bank accounts directly.
MoneyTap offers loans at an interest rate as low as 1.08% per month, and 13% to 18% per annum.
Consumers have to pay a one-time setup fee of Rs 499 along with taxes which is payable to the banking partner directly for blocking the credit limit.
We are trying to get the middle-income group to use our application. For us, the sweet spot is someone who earns in the salary bracket of Rs 40,000 – 50,000 monthly. However, we also don’t mind it being lower.
The founders also add that the money gets replenished as soon the customers start paying their EMIs. For example, an amount of Rs 30,000 borrowed (out of the credit limit of Rs 5 Lakh) will get replenished as the person pays their instalments over time, thus becoming available for borrowing in the future. Further, the onboarding of customers happens through a chatbot interface wherein the system instantly connects to the banking system and the credit bureau to find out the credit history of the customer. The money then gets approved accordingly.
MoneyTap adheres to strong business fundamentals since money lending requires attention to detail. The way it makes money is through a revenue share with banking partners. Every time a customer gets approved for access to a credit line for a lifetime, a small fee of Rs 500 is charged. Once the customer spends some money for one year, the money is recovered. Also, the usual interest paid by the customer along with the processing fees that are charged every time a person borrows also increases profitability.
MoneyTap is designed to be a product company running on the backbone of data science, technology, and product thinking. It is also focused on low-cost, tech-friendly solutions to pave the way towards increased revenue.
MoneyTap – Customer Acquisition
MoneyTap was successful in building a large customer base within a short period. Within eight months of its inception, the company acquired 300,000 registered users from 14 cities in India.
MoneyTap acquires some of its customers organically. The company also markets its products through Google, social media, and content marketing.
According to Bala, there are a billion consumers in the country, and MoneyTap serves only 1% of them. He considers that even doubling this figure to 2% is a huge win.
MoneyTap – Funding and Investors
Date
Stage
Amount
Investor
Jun 14, 2017
Series A
$12.3 million
Sequoia India, New Enterprise Associates, Prime Venture partners
Jan 28, 2020
Series B
$70 million
Sequoia Capital India, RTP Global, Prime Venture Partners, Aquiline Technology Growth & MegaDelta Capital
MoneyTap has raised $82.3 million in 2 rounds of funding to date. In the latest round, MoneyTap raised funding worth $70 Million (500 Crore) in January 2020. Here are the funding and investor details of MoneyTap.
The funding, as stated by Bala, has strengthened the leadership position of the consumer lending firm by improving credit accessibility for other customer segments.
The most challenging thing in the consumer lending business is acquiring capital at low costs.
Some of the major challenges faced by MoneyTap are:
Identifying trustworthy borrowers to whom credit can be disbursed without the fear of default.
Maintaining strong relations with banks and NBFCs.
MoneyTap – Competitors
Finomena is MoneyTap’s #1 competitor. Finomena was founded in 2015 in New Delhi. Like MoneyTap, Finomena also operates in the consumer finance space.
Other major rivals of MoneyTap are, PaySense and ZestMoney. Both of these companies, founded in 2015, function in the same segment. While PaySense is located in Mumbai, ZestMoney is located in Bangalore.
Besides, CreditVidya and Delhi-based Revfinalso competes with MoneyTap.
MoneyTap – Achievements
MoneyTap has more than 5 Million downloads. However, this number isn’t indicative of customers who hold a credit line, since the rejection rate from the pool of applicants can be as high as 60-70 per cent. This high rejection rate is due to the rigorous checks done by the app’s algorithms.
Almost 90 per cent of MoneyTap’s customers who have been issued credit lines are active and have drawn credit multiple times through the app. The average lending size of the company is Rs 30,000–35,000 and the average age of the customer is 28–30 years.
MoneyTap is currently operational in 60 Indian cities, with the majority of its users coming from the top metros like Delhi-NCR, Bengaluru, Mumbai, and Chennai. The company is planning to expand its footprints to 200 cities soon. MoneyTap also claims to have its non-performing assets well within the one per cent mark.
MoneyTap was awarded the ‘Best Innovative Lending Product/Service’ in the Payment & Fintech category at the 8th India Digital Awards. The award show was organized by the Internet and Mobile Association of India (IAMAI). MoneyTap was also awarded the leading FinTech Company in the lending categoryat PICUP Fintech 2017.
MoneyTap – Acquisitions And Mergers
MoneyTap is not actively looking for acquisitions. Bala tells that MoneyTap might acquire companies sharing similar values.
MoneyTap – Partners
MoneyTap launched its product with RBL Bank, its first banking partner. With the help of RBL’s Technology, MoneyTap was able to serve customers with quick decisions and quick access to the money round the clock. Moreover, RBL Bank also provides a MoneyTap-RBL Credit Card with the credit line.
In 2017, MoneyTap announced a partnership with Aditya Birla Finance Limited (ABFL). MoneyTap also has several other banks and NBFCs as partners.
In December 2020, MoneyTap announced its partnership with Pawtect with a view to offering Pet Insurance Policies to their employees.
MoneyTap – Future Plans
MoneyTap’s plans include:
It is looking to expand to more Tier II and III cities in India, and to global markets with South East Asia and the Middle East.
The company currently claims to have a loan book of 1000 crores and aims to make it 5000 crores by 2021.
The company currently targets customers in the age group 29-31, with average incomes of INR 30,000-INR 40,000 per month, but is planning to reach out to groups having income as low as Rs 10000-15000 soon.
MoneyTap has also received an NBFC license in September 2019 and plans to launch its own NBFC company soon.
MoneyTap – FAQs
What is MoneyTap?
MoneyTap is a Fintech company that aims to deliver quick and flexible personal loans to individuals.
Who are the Founders of MoneyTap?
MoneyTap was founded by Bala Parthasarathy, Kunal Varma, and Anuj Kacker in 2015.
How much is MoneyTap Funding?
MoneyTap has raised $82.3 million in 2 rounds of funding. In the latest round, MoneyTap raised funding worth $70 Million (500 Crore) in January 2020.
With India getting a bit more tech-savvy along with rapidly changing technology around the globe, Indian startups have ventured into a wide range of domains including the development of home automation systems to provide a better lifestyle to the Indians. In this article, we have listed some home automation companies in India, that aim to provide a good experience to their customers.
From controlling room temperature to lightings, from managing entrance gates and cameras to making the appliances at your home smarter, home automation startups in India have developed some cutting-edge technology. With these startups at your service, comfort is just a click away from you. So, let us take a look at the list below.
Cubical Labs is a Delhi-based home automation startup, founded by three IIT-Guwahati graduates – Swati Vyas, Dhruv Ratra, and Rahul Bhatnagar in the year 2013. The startup offers solutions for building a wireless, cost-effective, safe, and smart home solution, all of which can be controlled remotely through a mobile. They also have products that cover a wide range of utilities including surveillance, control, energy monitoring, and intelligence.
Home Brain
Home Brain Homepage
Home Brain is a Gurgaon-based startup that offers automation consulting, designing, and integration with hands-on experience in today’s technological era. It is the brainchild of NetWorld Inc, which is a leading IT-enabled company and some of its products are Security Brain, Lighting Brain, Entertainment Brain, Climate Brain, and Appliance Brain.
Oakter
Oakter Homepage
Founded by three IITians, Varun Gupta, Nithin David, and Shishir Gupta in 2014. Oakter is a smart home startup based out of Noida that aims to resolve the technical issues faced by Indian homes. The company manufactures products that make the existing home appliances like AC, water-pump, geyser, door-lock, lamp, room heaters, etc smarter. One can also control the home appliances through the Oakter mobile app and schedule it as per their needs.
PicoStone
PicoStone Homepage
PicoStone, a Mumbai-based smart home automation startup that was founded by Virang Jhaveri, Niket Sarvaiya, and Nilesh Jain with a mission to automate every home in India. PicoStone gives its users complete control of their electrical devices at their fingertips and also helps in saving electricity and their product named Butler controls the smart home devices.
Fox Domotics
Fox Domotics Homepage
Founded in the year 2012, Fox Domotics is a Mumbai-based home automation manufacturing startup widely known in the market for manufacturing Wifi Light Switches, Touch Switches, and Hotel Room Automation Switches. Mohammed Sikander Manihar is the brains behind converting Fox Domotics from just an idea on a paper to one of the successful home automation companies in India.
SharpNode
SharpNode Homepage
Founded in the year 2014 by Mohit Agnihotri, SharpNode is again a Mumbai-based home automation startup. It has a product that monitors homes and provides control and security over electric appliances through smartphones or laptops installed SharpNode application. It helps one to guard their prominent home without putting the security guards on the house as it has motion sensors.
Inoho
Inoho is a Bangalore-based startup and was founded in January 2014 by IIT Guwahati graduates-Deep Singh and Deepankar Garg. It provides a home automation system containing a switchboard control module, central hub, and a smartphone application. One can control all such switches using their smartphone app even when they’re not at home.
Metagan Technologies Pvt Ltd.
Founded in 2015 by Ganesh Prasad Kumble, Metagan Technologies Pvt Ltd. is aimed at providing simple, secure & standard automation solutions to the world. Based out of Bangalore, it manufactures products across various domains including Security & Home Automation, Industrial Automation, Smart City Automation, Healthcare Automation, Agriculture Automation, and Vehicle Automation, etc.
eDomotics
eDomotics Homepage
Based out of Bangalore, eDomotics was founded by Ganesh Vudutha and Keshava Varma in 2012. The company aims at providing comfort, convenience, security & safety to its customers. With just a click of a button, customers can control lighting, appliances, entertainment systems, air-conditioning, curtains, sprinklers, or surveillance cameras of their homes.
Pert
Pert Homepage
Based in Bangalore, Pert is a Home Automation solution provider that was founded by Arun Cheela in 2014. It allows its customer to control their 8 switches with just 1 Pert device. It also helps with features like time-scheduled events to carry out routine tasks which otherwise would be time-consuming.
IFIHomes
IFIHomes Homepage
Based out of Bangalore, IFIHomes was founded in the year 2013 by Rohit Khosla. It is one of the leading smart home startups in India that manufactures products in various domains including home automation, secure vision, smart light, as well as solar products. Some popular applications in home automation include universal remotes, smart switches, IP Camera security systems, blinds, lighting, and video door phones, security alarms.
Silvan Innovation Labs
Silvan Innovation Labs Homepage
Founded by Avinash Gautam in the year 2008, Silvan Innovation Labs is based out of Bangalore and develops video surveillance, analytics, and home automation solutions products. Its wide range of products includes CBell, a WiFi video doorbell, which calls the owner’s phone when the doorbell is pressed, and Secure, an app-enabled security system, which secures the home against safety hazards such as gas leakages and fires.
Thasmai Automation
Thasmai Automation Homepage
Founded in the year 2010 by Karigirish Murthy, Thasmai Automation is based out of Bangalore and offers home automation and home theatre solutions for its customers by making the products and systems that are already used in everyday work together. They also provide home security solutions including CCTV Systems, Anti-Burglary Systems, Video Door Phones, and Biometric Locks.
Build Track
Build Track Homepage
Based out of Mumbai, Build Track is one of the top home automation companies in India that provides user-friendly solutions that are cost and energy-efficient. All the products are manufactured in-house, and are tested before being delivered and are specially designed to suit Indian conditions. They even won the CII National Award for the Most Innovative Energy Saving Product.
KlickH
KlickH is a home automation startup that focuses on home security and automation products for India and is based out of Hyderabad that was founded by Madhu Reddy Salla in the year 2008. It manufactures various products and aims at providing safety, convenience, comfort, etc.
Conclusion
With so many companies in the market offering home automation products and services, it has become very easy to make your home smarter. This was our list of Home Automation startups in India. If you are not among them, then connect with us at shubham@startuptalky.com to get featured in the list.
FAQs
Who is the leader in home automation?
HomeSeer is one of the leading home automation companies in India.
Which company is best for home automation?
Schneider Electronics, Philips, TIS Control, and Legrand is some of the best home automation companies in India.
Is Home Automation worth it in India?
Due to the high cost of home automation, it is considered a luxury in India.
Baishali Das Adhikari
Vidhi Punamiya
