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Tag: indian startup hub

  • Top 4 Best Cities for Emerging Startups in India 2022 | Startup Hubs in 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.

    Top 4 Startup Cities in India
    Emerging Startup Cities in India

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    Top 4 Startup Cities in India

    Bangalore

    Bangalore City
    Bangalore City

    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 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
    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
    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.

  • Why Service-Based Startups Are More Successful In India?

    Many service based startups in india are establishing their place in the market, this is mainly because many of the new ideas have worked flawlessly for consumers. And that is why India is currently one of the fastest-growing startup ecosystems. Service-based Startups are ruling the market as compared to product-based ones. Examples for the top service startups in India are Flipkart, Quikr, Sulekha, Ola, Yatra and POPxo.

    India is also the third-largest startup ecosystem after the US and the UK. The liberated economies and affordable technologies have made it possible for the new age entrepreneur to compete with the already established players.

    The service oriented business in india is the fastest-growing sector, as it contributes significantly to the country’s GDP growth, employment, trade, and investment. In the Indian service based business, e-commerce takes the major share of the pie. According to the Morgan Stanley Research the country’s e-commerce market was estimated to increase from $102 billion to $119 billion by 2020.

    On the other hand, there are not many success stories when it comes to product-based startups. A few names that occur to us and which have made some inroads into the Indian startups market share, are Micromax Informatics, a leading consumer electronics company. Gecko, a device that works as a key finder and Goqii, a fitness tracking wearable.

    Reasons why Service-Based Startups are more successful?

    How Indian Startup Culture Differs From Others?
    Successful Service-Based Startups in India

    1. Zomato
    2. Practo
    3. Rentomojo

    Reasons why Service-Based Startups are more successful?

    Indian Startups are known to have a greater advantage with service-based business. Here are some of the reasons why service-based startups are more successful and survive longer in India.

    Low Capital Costs

    Manufacturing and selling a physical product involve a heavy capital investment, time, and energy. It usually requires taking a bank loan or securing funding from investors.

    On the other hand, there are little to no startup, overhead or manufacturing costs involved in service-based startups. A founder can start a setup (from his home or garage), with a few or no employees, and build his reputation through word of mouth marketing. Service based business only needs a small set-up and does not require a huge capital infusion, he can even bootstrap his business.

    Faster to Launch

    Service-based startups can get a business off the ground and start earning revenues earlier. The service startups need to define their service, find customers, listen to their requirements and start delivering the service. The product based startup ideas take a lot of time and resources to conceptualize, design and create the product.

    Lower Business Risk

    Every business is prone to some risk, however, service-based business in India face fewer risks. A customer who’s paying for a service usually knows his requirement, hence there is no guesswork involved, and hence, lower risk. You are selling the service and billing for a specific skill or expertise you already own. And, in service based business customers are committed to paying before you even start working.

    Flexibility and Adaptability

    Furthermore, a service-based startups are much more flexible and adaptable. Not only you can work from wherever you want, but you can easily make adjustments and customize your service as per an individual client’s needs. For example, If your client isn’t too happy with his website or campaign, you can make changes according to their feedback in real-time. Product-based companies in India find it much more difficult to improve or modify, as they may need testing, licensing and re-manufacturing.

    List of 105 Unicorn Startups in India | Top Unicorns in India
    India has already seen 105 unicorn startups. Here’s an exhaustive list of all Indian Unicorn Startup Companies including those that joined the unicorn club in 2022.
    StartupTalkyAnik Banerjee

    How Indian Startup Culture Differs From Others?

    With the emerging business opportunities in India, The world biggest startups are no longer just in America or China. There are numerous successful startups in india, which has made the country a leading global startup hub.

    According to the latest report by KPMG, the number of startup companies in India has grown from 7,000 in 2008 to 50,000 in 2018. The growth of startups in india is significant, but there one primary difference between Global and Indian startups, and that is funding. It’s quite easy to get going in India, but the problem lies in the later stages where funding becomes more troublesome leading companies with no choice but to get international venture investors.

    Successful Service-Based Startups in India

    Zomato

    Zomato is an online restaurant search and discovery app, providing in-depth information about 1 million restaurants across 23 countries. Zomato is one of the successful service based startups in India. It is used by consumers globally to discover good food, rate, and review restaurants, as well as create personal networks of fellow food enthusiasts for trusted recommendations. This service startup was launched in 2008 covering over 331,200 restaurants in 19 countries.

    In addition to restaurant search and discovery, Zomato has expanded its offering to include transactions like Online Ordering, Table Reservations, and Point-of-Sale system, creating cutting-edge technology to connect restaurant businesses and customers in ways that will revolutionize the restaurant industry.

    Practo

    Practo is a health tech company with the motto of #DoGreat is prospering greatly with 2,00,000 doctors and 20 million patients across the world. This service based startup, kick-started its journey in the year 2008 from Bengaluru by two NITians Shashank and Abhinav Lal.

    Practo is the perfect example of “In the middle of difficulty lies opportunity” because the idea of PRACTO was initiated from the difficulties Shashank faced concerning his father’s health. It is a successful startup in India because of its numerous unique services.

    Practo, is a product of Naabo solutions, which became the Home for health by its hassle-free solutions for doctor appointments, delivery of medicine at the doorstep, online consultation with their registered doctors along online appointment booking software for doctors to manage their clinics.

    Rentomojo

    Rentomojo is a service oriented business in India that was started with the idea of providing online rental services for furniture (for 3 months) in 2014. The startup was started with the aim of providing its consumers with the ever-evolving style without the actual investment costs for furniture.

    Rentmojo is a service-based startup that was funded by IDG Ventures India and Accel partners initially and in 2017. The company gained $10 million Series B funding from Bain Capital Ventures and Renaud Laplanche.

    Rentomojo expanded its business to renting two-wheelers and appliances in 8 cities with an option of Rent-to-own model by the year 2018. Rentomojo is offering new services in india like cleaning annually, free maintenance with the subscription, swap products, and others.

    Conclusion

    When it comes to the product based vs service based startups, the success rate of product-based companies is very low than service-based companies in India. The ideas of some of the top Indian startups are quite out of the ordinary.

    If one wants to create the most successful startups in india, one needs to think outside of the box. Service startups in India have to keep up with their competition. Their startup ideas should be unique, which always attracts customers and brings forth profit.

    FAQs

    What is the difference between product-based and service-based company?

    A Product-based company creates or designs their products or application for general customers usage. They are not Client-specific. Whereas a Service-based company works only when a client approaches them with specific needs or requirements.

    What are service-based startups?

    Service-based startups fouses on clients requirements. They can get a business off the ground and start earning revenues earlier. They need to define their service, find customers, listen to their requirements, and start delivering the service.

    Which Indian startups are profitable?

    There are many Indian startups that are profitable. The country has many unicorn startups:

    • Byju’s
    • Swiggy
    • Oyo Rooms
    • Dailyhunt
    • CureFit
    • FirstCry
    • PharmEasy
    • boAt
    • Licious
    • Myntra

    Is India good for Service-based industry?

    India leads in the number of service-based companies in the world.

    Which is the best service-based company in world?

    Some of the best service-based companies in the world are:

    • TCS
    • Accenture
    • Infosys
    • IBM
    • Cognizant
    • Capgemini
    • Wipro
    • HCL
    • NTT Data
    • Fujitsu

    How many startups are there in India?

    There are around 55000 startups in India.

  • How to Remove Chinese Based Application

    Boycotting Chinese products has become a trend for a while. It’s the most we can do at the moment to fight off the country which is responsible for creating a situation of a global pandemic. With an increase in the number of cases of coronavirus on a daily basis and the wait for a perfect vaccine still a dream countries have started to ease down the lockdown situation. The economy has been the worst affected by this pandemic as everything came to a standstill. China has been one of the biggest exporter of products in the world before this global situation. Chinese phones have acquired a life of around 66% of Indians and removing Chinese applications and using Indian based applications is the most we can do to teach them a lesson and also helping India to become Atmanirbhar (Self-dependent).

    Application to Uninstall Chinese Application

    remove china app
    OneTouch AppLabs launched Remove China Apps on 17 may 2020

    There are so many Chinese applications that it is very difficult to find each and every application founder or parent country. An application named Remove China Apps developed by OneTouch AppLabs is making things easier for the people. Having a rating of 4.9 on Google Play store and having around 5 million plus downloads. It can be termed as a great development at this time. It is a Jaipur based company which has helped to boost up the anti-China movement in our country.

    This app particularly detects the apps which have been developed in China which have been installed by the users in their phones, it sorts them out and gives an option to uninstall them. The apps which are pre-installed in some of the Chinese phones can’t be removed using this application though. This app acquires just around 3.5 Mb of storage and interestingly helps in removing more amount of space from your mobile phones. The app developer calls the application is used for the educational purpose only.

    The application company has said that it detects the origin country on the basis of market research and cannot guarantee any false information provided by them so it does warns the people to install at their own risk.

    Also Read: Startup Hubs In India | Indian Cities Promoting Entrepreneurship

    Rapid Growth of This Application Among Users

    There have been several factors which have played an important role in the growth of this application in last few days. Chinese applications have faced this downfall in the past couple of days and many Indian personalities have supported this cause of boycotting Chinese applications and there products too.

    Celebrities Supporting The Movement

    Sonam Wangchuk tweeted asking people to uninstall China based applications

    Sonam Wangchuk a renowned Indian engineer uploaded a video and also tweeted about the same and asked all of us to start boycotting all the Chinese applications and install Indian based applications instead to help to boost our economy. An app named ‘Mitron’ which is a clone of Chinese based application TikTok has been also downloaded several times by the Indian users. Even actors like Arshad Warsi and Milind Soman supported this cause and came forward and have asked people to join this movement

    YouTube Vs TikTok

    The latest TikTok vs YouTube conflict going on the internet for a while has also helped a bit in this movement. People started to uninstall TikTok and rated it very badly which made TikTok to fall down to a rating of 1.2 and was a huge setback for China. Although Play store removed all the negative reviews and restored the previous ratings.

    Indo-China Border Tensions

    The latest tension at the Ladakh border has also created an environment that is making Indians boycott the Chinese apps. It has been one of the main reasons as China is creating a very critical situation at the border at the time of such a global pandemic. China is becoming a big threat to many of the countries at a time like this. As Sonam Wangchuk quoted “Sena degi bullet se jawaab, Hum dengey wallet se” (Let the soldiers answer them with the bullet and we as a citizen answer them with the help of our wallet)” it has started to become a nationwide movement slowly.

    Also Read: Indian TikTok clone ‘Mitron’ Records 5 Million Installs within a Month

     Turning This Into an Opportunity

    This peaceful way of protesting against China-based applications can help to create awareness among users and in a gentle and silent way. It will also help the Indian market a boost and helping up to create a new and improved Indian market. It will help to motivate the Indian entrepreneurs to expand their horizons and develop more applications that can be used around the world and create a global impact. Having the advantage of 2nd highest population around the world is a blessing in disguise and can be used as a great tool to make our nation a better country in the coming years.
    The coming years are although tough for the Indian market as everything has come to still for a while but now after the outbreak, many countries have lost their faith and trust in China and their products, so India can become a great place for investing and due to social distancing norms applications, will be the need of an hour. Developed countries like the United States, Japan, etc will surely try to increase there trade with India and there will be an increase in demand for Indian based products.

    Top China Based Applications

    Some commonly used China based Application
    • TikTok : It has been a very controversial app for the past few days and also has not been able to be used for what it was meant to be so people can stop using this application and start using Indian based application if they wish too.
    • SHAREit : JioSwitch can be used instead of this app
    • Vmate : Youtube is always a better alternative than this application
    • UCBrowser : Google chrome is a better option than UCBrowser and is much more reliable
    • BeautyPlus : There are many apps which helps in editing photo and give us better photos as compared to this app.
    • Xender : JioSwitch is a great alternative for transferring files
    • CamScanner : Adobe Scanner can be used in place of this application
    • ClubFactory/SHEIN : Online cloth store Myntra is the best store of buying clothes
    • AppLock : Apex Launcher is a very good Indian based alternative and will also keep the phone secure.

    These are some of the most used Chinese Applications in India for the past 5 to 6 years and it has created a large amount of reach among the Indian market and created a great impression around our country for the last few years but these applications have the Indian made clones which can be installed by the users all around our country and help this anti-China movement. This will surely take time but will help in the benefit of our country and will help in creating a better India.