Tag: fareye

  • Top 12 Startups List in Noida 2022

    Noida is positioned midway between Ghaziabad & Delhi. It was mainly constructed across the Yamuna River in the mid-1960s as a technologically advanced city. Its populace grew dramatically over the last 20 years, and the town has a citizenry of over seven million folks.

    The realtors are constructing cutting-edge workspaces to allure investors. It has grown as the most important home market in the NCR region. Several multinationals have established themselves in Noida. Experts from India travel to the region to hunt for cushy careers and new businesses.

    It’s no longer a cliched urban city but the epicenter of India’s upsurge as a worldwide financial powerhouse. It is a popular destination for fresh-faced experts and firms. It has grown into a booming metropolis of successful startups. Now let us focus on a few of its most promising startups. So let’s dive right in.

    1. PayTM
    2. Awon Gamez
    3. Pine Labs
    4. Moglix
    5. FarEye
    6. Innovaccer
    7. Classplus
    8. Addverb
    9. Superplum
    10. RateGain
    11. Ingenium
    12. ixamBee
    Why Choose Noida for Startups?

    1. PayTM

    Paytm Website
    Paytm Website

    It’s a globalized tech organization in India specializing in fintech, e-commerce, & financial services. Presently, it’s accessible in 11 Indian dialects. Paytm provides internet services such as cellphone recharges, paying bills, trips, cinema tickets, and occasion reservations. In-store payouts using the QR code are another facility.

    Details of the Company:

    • Name: Paytm
    • Founded: 2010
    • Founder: Vijay Shekhar Sharma
    • Industry: E-commerce and Finance
    • Headquarters: B-121, Sector 5, Noida, Uttar Pradesh, India
    • Number of employees: 15,665 (2021)
    • Rivals: Paypal and GPay
    • Website: paytm.com

    2. Awon Gamez

    Awon Gamez Website
    Awon Gamez Website

    It’s a framework for fictional video games. They want to provide gamers with a one-of-a-kind gameplay experience. Players can form communities to share stories, and contests, and win. They intend to develop a mono multi-gaming tool from which myriad games could be installed. In their leisure moments, family members can try all sorts of smartphone games.

    Details of the Company:

    • Name: Awon GameZ
    • Founded: 2020
    • Founder: Amardeep Bajpai
    • Industry: Gaming
    • Headquarters: Express Trade Tower, B Block, Block A, Sector 132, Noida India
    • Number of employees: 11-50 (2021)
    • Rivals: Dream11 and TreePlanet
    • Website: a1games.in

    3. Pine Labs

    Pine Labs Website
    Pine Labs Website

    It’s a vendor app firm based in India that specializes in providing funding & last-mile e-commerce tech. Pine Lab Business has developed from a provider of oil mechanization sales alternatives to a provider of billing offerings for vendors. It operates a vendor app and develops tools for PoS machines. About 350,000 PoS stations in India are powered by their platform.

    Details of the Company:

    • Name: Pine Lab Private Limited
    • Founded: 1988
    • Founder: Lokvir Kapoor, Rajul Garg, Tarun Upaday
    • Industry: PoS, payment solutions
    • Headquarters: Candor TechSpace, Tower 6, Plot No. B2, Sector 62, Noida, India
    • Number of employees: 1449 (2020)
    • Rivals: Mswipe and ePaisa
    • Website: pinelabs.com

    4. Moglix

    Moglix Website
    Moglix Website

    It’s an online store firm specializing in Business – to – business industrial supply sourcing. They buy MRO, electronic parts, cleanup, household chores equipment, workplace stationaries, equipment, power drills, & a variety of other industry necessities. Moglix proudly offer world-class assistance and cultivate good client ties. Their idea is to make a unique technology platform tailored to market participants’ varying requirements.

    Details of the Company:

    • Name: Moglix
    • Founded: 2015
    • Founder: Rahul Garg
    • Industry: B2B service, e-commerce
    • Headquarters: D-188, Sector-10 Noida, India
    • Number of employees: 959 (2022)
    • Rivals: Saltside Technologies and Elo7
    • Website: moglix.com

    5. FarEye

    FarEye Website
    FarEye Website

    It’s enhancing supply chain coordination and leads to high-quality solutions. Its cutting-edge supply chain software platform supplies previously unseen efficiencies to dozens of people worldwide. FarEye platform aims to strengthen operational efficiencies, predictability, and organization. They have created a strong framework that top multinationals have incorporated.

    Details of the Company:

    • Name: FarEye
    • Founded: 2013
    • Founder: Kushal Nahata, Gautam Kumar
    • Industry: Logistics
    • Headquarters: Tower B, Sec-127, Noida, India
    • Number of employees: 1000+ (2022)
    • Rivals: FourKites and Shippeo
    • Website: getfareye.com

    6. Innovaccer

    Innovaccer Website
    Innovaccer Website

    It’s assisting medical professionals in constructing the fate of wellbeing. Its purpose is to integrate and collate all of the globe’s medical data to make it more accessible.

    It wished to create a framework that would enable medical professionals to acquire a 360 ° view of their clients and thus improving treatment performance and cost. The Health Cloud of Innovaccer accomplishes this by combining an inclusive DAP and implementation toolkit with a large collection of app features and solutions.

    Details of the Company:

    • Name: Innovaccer Incorporation
    • Founded: 2014
    • Founder: Abhinav Shashank, Kanav Hasija
    • Industry: Meditech and Healthcare
    • Headquarters: Candor Techspace, Block B, Sector 62, Noida, India
    • Number of employees: 750 (2021)
    • Rivals: Smile CDR and Enli
    • Website: innovaccer.com

    7. Classplus

    Classplus Website
    Classplus Website

    It’s an Education technology firm that is revolutionizing education. They provide educators with technological tools to assist them in planning. Mentoring establishments can get their app thanks to their industry-first single interface. This enables them to handle all of their duties and reach mil of undergrads using Classplus’ cutting-edge tech.

    Details of the Company:

    • Name: Classplus
    • Founded: 2018
    • Founder: Bhaswat Agarwal, Mukul Rustagi, Bikash Dash, Vatsal Rustagi, Nikhil Goel
    • Industry: EdTech
    • Headquarters: Plot No. 1, Film City, Sector 16A, Noida, India
    • Number of employees: 899 (2022)
    • Rivals: Schoology and GoReact
    • Website: classplussapp.com

    8. Addverb

    Addverb Website
    Addverb Website

    It’s a multinational robotics firm. Their goods use cutting-edge technology to boost the precision and effectiveness of intralogistics processes. Through their exclusive crafted hardware & reliable software, they have activated the potentialities of automation machines. This helps in making rapid progress in the field of robotics automated processes.

    Details of the Company:

    • Name: Addverb Private Technologies Limited
    • Founded: 2016
    • Founder: Satish Kumar Shukla, Sangeet Kumar, Prateek Jain, Bir Singh, Amit Kumar, Neeraj Sharma
    • Industry: Automation
    • Headquarters: D-108 Sector 2, Noida, India
    • Number of employees: 500-1000 (2022)
    • Rivals: Falcon Autotech and CKF Systems
    • Website: addverb.com

    9. Super plum

    Superplum Website
    Superplum Website

    The Frederator is a new and distinctive cold storage remedy for fresh fruit yield. This vessel, which can be connected to any 24-foot lorry, can move 4-7 tonnes of fruit from the ranch while keeping it new for up to 4 weeks. It opines that fruits should be consumed in their natural state – organic, sweet, and luscious. Shobhit Gupta established it in 2019.

    Details of the Company:

    • Name: Superplum
    • Founded: 2019
    • Founder: Shobhit Gupta
    • Industry: Agriculture Industry
    • Headquarters: Plot D, 107, Sector 2, Noida, India
    • Number of employees: 10-50 (2022)
    • Rivals: Farheen and Mithuna Foods
    • Website: superplum.com

    10. RateGain

    RateGain Website
    RateGain Website

    It’s a hotel and trip SaaS business that delivers alternatives to resorts, flights, tourism services, meta-search firms, and other businesses. It’s the only trip portal firm that offers all aspects of the tourism and catering industries. This is accomplished through real-time intellect, access to the biggest demand and supply channels, and focused SEO packages. Bhanu Chopra established it in 2004.

    Details of the Company:

    • Name: RateGain IT Solutions Private Limited
    • Founded: 2004
    • Founder: Bhanu Chopra
    • Industry: Hospitality and Travelling
    • Headquarters: B-15, Block B, Sector 57, Noida, India
    • Number of employees: 630+ (2022)
    • Rivals: TripAdvisor and Traveloca
    • Website: rategain.com

    11. Ingenium

    Ingenium Website
    Ingenium Website

    For K-12 learners, it’s a meta-skill-based dynamic evaluation tool. It has functionalities like students’ progress assessment, attendance assessment, and so on. It sends routine alerts to interact with learners and parents through a specialized bulletin board, designs study material, and conducts live exams, among other things.

    Papers, documents, and research papers can also be submitted as images or files. Aakash Gupta, Mohit Patel, Pramudit Somvanshi, and Saurabh Anand formed it in 2016.

    Details of the Company:

    • Name: Ingenium Education
    • Founded: 2018
    • Founder: Aakash Gupta, Mohit Patel, Pramudit Somvanshi, Saurabh Anand
    • Industry: EdTech
    • Headquarters: B1/H3, Mohan Co-operative Industrial Area, Mathura Road, Noida, India
    • Number of employees: 7-20 (2022)
    • Rivals: BYJU and Toppr
    • Website: ingeniumedu.com

    12. ixamBee

    ixamBee Website
    ixamBee Website

    It offers technology-based test preparation answers. They assist unskilled grads and undergrads with competitive test prep. Careers in the central and state govt, financial institutions, the LIC, the Reserve Bank of India, & other entrance tests are among them. ixamBee offer a free mock test for over 50 entrance tests.  are some of their rivals.

    Details of the Company:

    • Name: ixamBee
    • Founded: 2016
    • Founder: Arunima Sinha, Sandeep Singh, Chandraprakash Joshi
    • Industry: EdTech
    • Headquarters: A-31, Vyapar Marg, Block A, Sector 3, Noida, India
    • Number of employees: 25-50 (2022)
    • Rivals: EduGorilla and Toppr
    • Website: ixambee.com

    Why Choose Noida for Startups?

    Due to the huge abundance of high-paying white-collar employment and good facilities. It is preferred by many companies over Delhi because it is considerably cheaper without compromising quality. Lately, UIET Minister R.S. Prasad declared that the govt, in cooperation with the state govt of Uttar Pradesh, plans to develop it into a 2nd Singapore.

    The government is unquestionably committed to enhancing the metropolitan area as among the forthcoming zones. It will undoubtedly become a larger startup center in the coming years. If you’re searching for a metropolis to help you bring your ideas to life, Noida could be the solution!

    The above graph shows the sector wise distribution of emerging job opportunities in Noida because of budding startups
    The above graph shows the sector wise distribution of emerging job opportunities in Noida because of budding startups

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    Conclusion

    Noida happens to be a Fantastic Startup Center. It has many new budding startups established there with many more to come in the future. The above article has given an insight into some of its most well-known startup businesses. I hope that this list has provided you with useful information about such exciting new businesses. It is undeniably India’s fastest-growing metropolises.

    FAQs

    Which city in India has the highest number of startups?

    The cities having the highest number of startups include names like Delhi NCR, Bengaluru, Chennai, Mumbai, etc.

    Which is the IT hub of India?

    Bangalore is termed the IT hub of India.

    Which is the number 1 startup in India?

    The number 1 startup keeps on changing with time. The most recent number 1 startup in India is Byjus.

    Is Noida good for startups?

    Noida provides several opportunities for young professionals and budding startups to evolve. Hence, Noida is considered a good place for startups.

  • FarEye – Making Logistics More Efficient, Predictive And Organized

    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 Fareye.

    For any business dealing with physical goods, logistics is an important segment to take care of. Today we are featuring FarEye, a SaaS startup that is helping business manage their logistics and supply chain easily and flawlessly. Founded by three Indian entrepreneurs, FarEye, is a global logistics SaaS startup that is simplifying logistics management for businesses and ensuring a great delivery experience for end customers. Here is more on the journey of the startup, its growth, and how it is disrupting the global logistics market.

    FarEye – Company Highlights

    Startup Name FarEye
    Legal Name RoboticWares Private Limited
    Headquarters Greater Chicago Area, Great Lakes, Midwestern US
    Industry Artificial Intelligence, Logistics, Delivery, Enterprise Software, Last Mile Transportation
    Founders Gaurav Srivastava, Gautam Kumar, and Kushal Nahata
    Founded 2013
    Current CEO Kushal Nahata
    Website www.getfareye.com

    FarEye – Latest News
    About FarEye and How it Works?
    FarEye – Name,Tagline and Logo
    FarEye – Founder and History
    FarEye – Mission and Vision
    FarEye – Business Model & Revenue Model
    FarEye – Revenue and Growth
    FarEye – Funding and Investors
    FarEye – Acquisitions
    FarEye – Competitors
    FarEye – Challenges Faced
    FarEye – Future Plans
    FarEye – FAQs

    FarEye – Latest News

    On July 2021, FarEye secured $100 M in a Series E round headed by TCV and Dragoneer Investment Group. FarEye’s previous investors, including Eight Roads Ventures, Fundamentum, and Honeywell, were also involved in the round. The new funding also includes a little debt refinancing, but the amount was not disclosed.

    The funds will be used to develop the company’s technology platform strengths, fuel expansion in Europe and North America, and investigate inorganic growth opportunities.

    About FarEye and How it Works?

    FarEye’s products include last-mile delivery routing software, logistics, and supply chain visibility software, and software to improve coordination between enterprises and logistics partners. FarEye’s cutting-edge logistics technology stack is making the delivery of goods a pleasant experience for everybody.

    The AI-powered feature of FarEye optimizes end-to-end delivery and makes recommendations based on data aggregation. It enables businesses to obtain insights, outperforms over the last loop, and satisfy the customers. FarEye’s goal is to drive autonomously, deliver with autonomous vehicles and drones using aggregated data and real-time feedback.  

    FarEye enables global businesses to reduce delivery times by up to 27%, enhance courier efficiency by allowing up to 15%, remove hazards by up to 57%, and maintain operational excellence. The FarEye Intelligent Delivery Management Platform can assist your organization in going live faster, implementing process improvements quickly, and keeping your delivery ecosystem adaptable. With end-to-end visibility throughout the delivery journey, the engine provides an excellent logistics customer experience.

    FarEye is a software platform that helps firms plan, track and optimize their logistics operations. If you order a pizza from Domino’s, the restaurant will use FarEye’s services, which is integrated into its database, to swiftly advise the client how long they will have to wait for their meal.

    FarEye – Name, Tagline and Logo

    In a world that is becoming increasingly borderless, supply chain management is more vital than it has ever been. To achieve performance and accuracy, operations would require timely coordination, insight, and control. FarEye lets businesses keep an eye on and control their logistics and supply chain remotely and easily, which possibly inspired the name ‘FarEye’.

    FarEye's Company Logo
    FarEye’s Company Logo

    FarEye’s tagline says, “Improving Logistics Collaboration And Driving Supply Chain Excellence.” Another tagline used in the company’s website is, ‘ Making Deliveries Better for Everyone’

    FarEye – Founder and History

    FarEye was founded by Kushal Nahata, Gautam Kumar, and Gaurav Srivastava in 2013.

    Founders of FarEye - Kushal Nahata, Gautam Kumar, and Gaurav Srivastava
    Founders of FarEye – Kushal Nahata, Gautam Kumar, and Gaurav Srivastava

    After 14 or 15 years of full-time education, the three founders really wanted to get out into the world, solve problems, and make a meaningful impact. The only question that lingered was what real-life problems could they solve? and the response came as a knock on the door. “E-commerce was just starting to take off in India at the time,” says Nahata. “However, if I ordered something online, the driver would contact me every time, inquiring where my house was, even though it hadn’t moved in years. After that, everything was done with pen and paper until the driver arrived. It was clear that there had been little change in the way logistics were organized.” This is where the idea for “FarEye” arose from.

    FarEye’s first customer was Jabong’s logistics arm GoJavas in 2013, and it currently works with some of the world’s largest companies, including DHL, Walmart, Tata Steel, Hilti, and Amway, to help them digitalize and manage their logistics operations more effectively.


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    FarEye – Mission and Vision

    FarEye’s mission statement says, “With a mission to make logistics more efficient, predictive and organized, we set out to build a robust technology platform that leading global enterprises across 30+ countries adopted. We are on the path to building an autonomous logistics platform that would make it not just efficient but also self-sustaining & profitable for enterprises.”

    FarEye – Business Model & Revenue Model

    FarEye is a logistics SaaS startup and earns revenue from subscription charges. Businesses use FarEye’s intelligent and sophisticated platform to deploy several delivery models from multiple inventory locations, including same-day, next-day, on-demand, and doorstep. This includes overseeing the end-to-end delivery of goods and services to both consumers and businesses, using both third-party and in-house fleet methods.

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    FarEye – Revenue and Growth

    As reported in 2020, FarEye has around 350 employees, and the company is handling over 10 million transactions a day. The company has clients in over 30 nations, and across many industries including transportation, logistics, retail, and FMCG. As per some reports, in 202o FarEye made revenue worth $26.8 million, and the company’s products are being used by over 150 businesses.

    “Logistics spend globally is $10.6 trillion, out of which 70% is on transportation. However, there is scope to save $10 on every $100 of freight by optimizing returns, resource utilization, cycle time, and fragmented logistics processes resulting in savings of about $700 billion,” says Nahata.

    FarEye is now firmly in expansion mode and grew quickly over the next few years. While most of the company’s early customers were logistics service providers, it currently serves shippers as well, and its customers can be located anywhere in the world.  FarEye’s systems track between 5 and 10 million shipments per day.

    FarEye – Funding and Investors

    Date Round Amount Lead Investors
    May 25, 2021 Series E $100M Dragoneer Investment Group, TCV
    Aug 19, 2020 Series D $13M Fundamentum, KB Global Platform Fund
    Apr 10, 2020 Series D $24.5M M12 – Microsoft’s Venture Fund
    Jan 5, 2018 Series C $9.8M Deutsche Post
    Jan 21, 2016 Series B $3.1M Elevation Capital
    Oct 5, 2014 Series A $317K Indian Angel Network
    Nov 25, 2013 Angel Round $32K

    FarEye – Acquisitions

    Acquiree Name About Acquiree Date Round
    PY Technology Pvt. Ltd. PY Technology Pvt. Ltd. is an enterprise software and services company that provides Information Technology & Services. Mar 5, 2021
    Dipper Digital Ecosystem for freight logistics Nov 14, 2018

    FarEye – Competitors

    Some of the top competitors of FarEye are Ecom Express, project44, SAP Integrated Business Planning, SPiN, Optimal Satcom, FourKites, G2 Deals,  Shipsy & Mojro.


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    FarEye – Challenges Faced

    • Retail dynamics are rapidly changing
    • Customer expectations are being exceeded
    • Getting used to technological advances
    • Raise in the delivery costs
    • Package destruction
    • There are a lot of first-time delivery failures

    Handling deliveries isn’t easy, according to the CEO. Shoppers, in particular, are expecting a same-day shipment, increased flexibility, and better transparency. Even for field workers, completing a good delivery requires more than merely gathering up or dropping off a package. To ensure successful delivery, a succession of events must occur at precisely the right time.

    FarEye – Future Plans

    “We are solving certain problems for our customers today, but I feel we can solve much larger problems and help digitize the entire supply chain network,” FarEye CEO Kushal Nahata said.

    As the coronavirus outbreak threatens supermarket and e-commerce companies’ capacity to deliver supplies to consumers on time, FarEye announced that ‘Serve’, a service that focuses on enabling the movement of everyday essentials, will be free for any company to utilize for more than a year.

    “The global pandemic has accelerated the need for enterprises to scale their supply chain operations efficiently to meet the rising share of online deliveries. FarEye’s highly configurable last-mile and long-haul logistics platform has been validated by leading global enterprises across the 3PL, retail and manufacturing categories,” said Shweta Bhatia, a partner at Eight Roads Ventures, in a statement.

    The startup wants to improve its integration capabilities so that it can provide organizations with a comprehensive plug-and-play solution. The firm, which already employs over 350 people, plans to add 100 more employees in order to speed up product development.

    The largest future challenges for the firm will be developing better ways to assist clients to sustain the competitive advantage that comes from constant innovation and quick evolution.

    FarEye has been profitable since its inception, but according to Nahata, an IPO is not in the cards for the near future. “Right now, our main aim is to grow” he stated.

    FarEye – FAQs

    What does FarEye do?

    The AI-powered feature of FarEye, a Noida-based company, optimizes end-to-end delivery and makes recommendations based on data aggregation.

    Who founded FarEye?

    FarEye was founded by Kushal Nahata, Gautam Kumar, and Gaurav Srivastava in 2013.

    Which companies do FarEye compete with?

    Some of the top competitors of FarEye are Ecom Express, project44, SAP Integrated Business Planning, SPiN, Optimal Satcom, FourKites, G2 Deals,  Shipsy & Mojro.