With the evolving time of technology, the healthcare industry is growing at a large scale. And being one of the most crucial fields for the application of artificial intelligence, there have been some remarkable innovations through this.
For instance, we can learn from the recent pandemic example where AI made the prevention method of Covid-19 quick and possible. Similarly, AI is used in almost every sector of the healthcare industry.
Speaking of AI in healthcare, India valued it at Rs 431, 97 billion, which is growing by the rate of 40 percent. India has always lagged when it comes to health care as the doctor-patient ratio here is 1:1456 which is significantly low. That’s why WHO has recommended the ratio to be 1:1000.
This brings us to the current situation of AI in the healthcare industry in India. And to discuss this, we have presented this article where we’ll be discussing the top Healthcare Analytics startups in India. So, let’s get started!
When it comes to healthcare analytics, Niramai Health Analytics has never been off-list. The company was founded in the year 2016 by Nidhi Mathur and Geetha Manjunath, having its headquarters in Bengaluru, India.
Using the advanced technology of high-resolution thermal sensing devices and artificial intelligence, this healthcare analytics company has developed Thermalytix which is based on ML algorithms. This is used for detecting breast cancer at an early stage so the chances of successful treatment procedures are enhanced.
Plus, with this device, using traditional methods and self-examinations has a high success rate in treating breast cancer. And the best thing about the company and this amazing device is that it is a low-cost, automated portable that makes cancer screening possible for all patients.
2. HealthifyMe
Founded: 2012
Headquartered: Bangalore, Karnataka, India
HealthifyMe Website
Another Bengaluru-based health care analytics company is HealthifyMe which was established in 2012. It is formed as a digital health and wellness platform, founded by Sachin Shenoy, Mathew Cherain, and Tushar Vashisht. These three saw a vision of introducing digital healthcare, especially in India where it is much needed.
They enable an AI-based virtual assistant called by the name of Ria, which helps the users in listening and solving all their queries regarding nutrition, fitness, and health in different languages. Plus, you also get notifications whether you are following your diet or not. And by using the AI, you can easily track calorie intake at home.
3. Innovaccer
Founded: 2014
Headquartered: San Francisco, California
Innovaccer Website
Innovaccer is an amazing cloud and AI-based telehealth solution that is highly used in healthcare centers for managing population health. It was founded in the year 2014 and offers various features such as collecting, analyzing, and then providing insights on the health condition of the patient.
The company Innovaccer is backed by prominent investors like B Capital Group, M12, and many more. Its top features include AI-based patient engagement and decision support tools. Through this platform, the healthcare industry enjoys the benefits of remote patient monitoring, virtual care networks, and SDOH management. Plus, they also get CRM, surgery optimization, and referral management as well.
4. IndoHealth Software Solutions Pvt. Ltd.
Founded: 2016
Headquartered: Pune, Maharashtra, India
IndoHealth Software Solutions Pvt. Ltd. Website
Being a Pune-based company, IndoHealth Software Solutions Pvt. Ltd. has a partnership with Government Health Departments, Research institutions, and hospitals to improve the health program. It has created a National Award-winning digital Public Health Platform, iHealWell.
IndoHealth Software Solutions Pvt. Ltd. is a well-established health-tech company that has recognition under the DPIIT Startup India Program. The company has compiled the health care experience of the US and India to introduce and promote patient monitoring through technology and public health platforms to bring better outcomes.
5. BioAssistant
Founded: 2016
Headquartered: Navi Mumbai, Maharashtra, India
BioAssistant Website
Built with super advanced technology that would make healthcare more accessible, smarter, and quicker, BioAssistant has made a great contribution to the medical field.
With the help of AI, the company has powered innovative remote clinical monitoring solutions and devices for automatic medical diagnosis. With the proper use of the R&D approach in the medical field, they have worked on some of the biggest medical field issues.
The company has an amazing team of experienced healthcare entrepreneurs who have worked enormously with leading medical institutions all across the world. BioAssistant’s operational areas include preventive healthcare, clinical IT, non-invasive diagnostics, and medical monitoring.
6. Tricog
Founded: 2014
Headquartered: Bengaluru, India
Tricog Website
Tricog is a Bengaluru-based healthcare analytics company that was founded in the year 2014 by Udayan Dasputa, Chirat Bhograj, Abhinav Gujjar, and Zainul Charbiwala.
They have created a flagship product, InstaECG, that is used to interpret and analyze ECG reports within just 10 minutes by being cloud-connected. Another successful product by them is InstaEcho which is a cardiac product used to assist doctors in accurate echocardiogram diagnosis.
With these two successful products, Tricog has served more than 12 countries across the world and has an employee count of over 2,600+. And the company has been awarded the honorable NASSCOM Artificial Intelligence Game changer Award of 2018.
7. BlueSemi
Founded: 2017
Headquartered: Hyderabad, Andhra Pradesh, India
BlueSemi Website
When it comes to healthcare analytics, BlueSemi has contributed a lot by providing IoT solutions to manage it and climate changes. They have worked a long way to provide solutions for anti-counterfeiting, energy harvesting, and temperature measurement.
And in the medical field, the company has delivered a wireless temperature scanner that helps in fever screening. The company was founded in the year 2017 and is established in Hyderabad, India.
Moreover, BlueSemi is enormously appropriated for developing the energy harvesting device that enables complete power for autonomous and wearable vehicles. It includes features like customized access, identification coding, data analytics, marketing, and many more. The company is backed by prominent investors such as Softbricks Private Limited, Global Emerging Market solutions, and others.
8. SigTuple
Founded: 2015
Headquartered: Bengaluru, Karnataka, India
SigTuple Website
SigTuple is a healthcare analytic company that provides AI-based healthcare diagnostic solutions. And Manthan, a machine learning platform that SigTuple developed can provide insights from data, as claimed by the company.
SigTuple was founded in the year 2015 in Bangalore, India. They use the technology of deep learning to detect and foresee any changes that the patient of any particular disease might have from medical diagnostic images.
Plus, the peripheral blood smear analyzer solution provides image processing-based solutions, mainly for differential blood count and for screening various diseases yet to come as they are under clinical trials.
9. HealthPlix
Founded: 2014
Headquartered: Bengaluru, Karnataka, India
HealthPlix Website
By providing the solution for electronic medical records, HealthPlix has made chronic care management a lot easier than before.
The top features of this solution include lab management, e-prescription generation, billing, and a dashboard that provides machine learning and AI-based insights for testing clinical hypotheses, finance marketing, and treatment outcome. Moreover, they also provide patient risk management, tracking patients’ records, and many more. The company was founded in the year 2014 in Bangalore, India.
The above graph shows an estimated global healthcare analytics market size from 2020 to 2030 in US billion Dollars as per the source precedenceresearch.com
In conclusion, we can say that many companies have made their contribution to advancing the healthcare industry with machine learning and artificial intelligence. Such healthcare analytics companies have always put themselves up front and keep up their game above competitors.
In this article, we covered those companies from India. In the upcoming times, with the development and innovation speed graphs kept on increasing, there will be a huge transformation in the healthcare industry.
FAQs
What is healthtech startup?
Healthcare startups are the one that works in the field of health care and fitness but with the help of newly emerging technologies like artificial intelligence, etc.
What is digital health?
Digital health is a broad concept that basically revolves around the intersection of healthcare and technology.
What is AI in healthcare?
Artificial intelligence in healthcare stands for the implementation of the more advanced and easy mode of treatment, diagnosis, and interpretation of medical reports by the use of technology. AI has made the healthcare industry experimental with the advised safety.
Which Indian healthcare companies use artificial intelligence?
Some of the Indian healthcare companies using artificial intelligence are Tricog, Nirmai, PharmEasy, etc.
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.
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
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
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.
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
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
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
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.
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
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
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.
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.
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
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.
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.
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
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.
Rajan Anandan is an Angel Investor and businessman who currently serves as the Managing Director of Sequoia Capital India. He was born in 1966 in Sri Lanka. After schooling, Anandan went abroad for his bachelor’s and master’s degrees in engineering and completed them at the Massachusetts Institute of Technology and Stanford University.
Rajan Anandan served as the top executive in big tech companies. Before Sequoia Capital Anandan was the Vice President at Google India and the SEA region, Managing Director at Microsoft India and Vice President at Dell India. He was also a partner at McKinsey for 11 years from 1992. His passion for technology and hard work have taken him to a higher position in globally acclaimed companies.
Besides being an executive and a businessman, Rajan Anandan is an active Angel Investor. In the last 13 years, he has made around 80 personal investments in multiple startups. This article covers the entire investment portfolio of Rajan Anandan over the years.
The following are the companies that have received funds from Rajan Anandan as an Angel Investor:
Smytten
Industry: Wellness and Beauty Care Investment Amount: $1.3 million (With Other Investors) Funding Round: Seed
Smytten – Rajan Anandan Funded Startups
Smytten is an online wellness and beauty care startup that offers some new and exhilarating shopping experiences for its customers. The company also offers a free trial of over 500 Indian and International brands along with some exciting benefits and discounts.
Smytten raised a funding of $15 million through a Series A round in May 2022. Earlier, Smytten received a Seed Fund of $1.3 million on April 11, 2016. Rajan Anandan along with a few other investors was a part of it.
InnovAccer
Industry: Healthcare Investment Amount: $2.5 million (With Other Investors) Funding Round: Seed
InnoAccer – Rajan Anandan Funded Startups
InnoAccer is a healthcare enterprise software company based in San Francisco. This platform curates and brings in all the information on healthcare and innovations in the industry and makes it accessible to everyone in need.
Through a Series E round held in December 2021, InnovAccer raised funding of $150 million from various investors. Rajan Anandan has also been one of the investors in InnovAccer during its Seed Round where it raised $2.5 million.
Indifi Technologies
Industry: Finance Lending Investment Amount: $18.8 million (With Other Investors) Funding Round: Venture Capital
Indifi Technologies – Rajan Anandan Funded Startups
A sum of $18.8 million was invested by the investors, including Rajan Anandan, in November 2021 through the Venture Capital round. Also, an undisclosed sum was invested by him in Indifi Technologies during the Seed Round.
WebEngage
Industry: Customer data and marketing automation Investment Amount: $100K (With Other Investors) Funding Round: Angel
WebEngage – Rajan Anandan Funded Startups
WebEngage is a B2C customer data and marketing automation platform that helps companies to boost their revenues. WebEngage assists companies to personalize their website & application and launching targeted campaigns.
This startup received debt funding of $930k from investors in October 2021. WebEngage also received an Angel Investmentof $100k from Rajan Anandan in October 2011
It is an online platform that offers store space for sellers to sell their products online. Instamojo integrates all the services like payments, marketing and shipping into its platform and offers simplified solutions. This company also offers online payment services for businesses.
Instamojo received an undisclosed amount through the Venture Capital round of funding held in June 2021. In May 2013 Instamojo managed to procure $500K as a Seed fund and an undisclosed amount during the Angel Round in July 2012. Anandan was a part of all the above investments.
Dunzo
Industry: E-Commerce Investment Amount: $3.7 million in 2020 and $650K in 2016 (With Other Investors) Funding Round: Series E and Seed
Dunzo – Rajan Anandan Funded Startups
Dunzo is an e-commerce platform that delivers groceries, food, meat, medicines, fruits and vegetables in big cities. It also offers pick-up and delivery services within cities.
Ranjan Anandan invested in Dunzo during its Series E funding in December 2020 and Seed funding in March 2016. The company received funding of $3.7 million and $650K in the respective rounds.
Omnify is an online platform that helps businesses with booking and scheduling solutions in their day-to-day operation. This cloud-based platform also supports businesses with CRM, billing, staff and payment management.
Omnify went through two rounds of Seed Funding in which Anandan has invested. The first round of funding took place in April 2017 and the amount secured was $150K. In October 2020 Omnify went through the second round of funding and the amount remains undisclosed.
Industry: Software Development and AI Investment Amount: $2 million (With Other Investors) Funding Round: Seed
NAYAN – Rajan Anandan Funded Startups
NAYAN is a visual search engine that uses AI-powered software to find details on visuals and images. This platform offers a real-time search facility that can be used to find anything in the public domain. This company received a Seed Fundingof $2 million in January 2020.
AskSid is an e-commerce site that uses AI to offer conversational solutions to customers and deliver a seamless shopping experience for them. This company was acquired by GupShup in April 2022. Rajan Anandan along with Krishnakumar Natarajan invested an undisclosed amount in AskSid during its Angel Round in October 2020.
PlusPin Healthcare partners with pharmacists, clinics, diagnostic centres and doctors to provide affordable healthcare services to people. It guides people with authentic and appropriate medical support in times of need.
Rajan Anandan invested $675K in PlusPin Healthcare along with a few other investors. The company raised this fund through Seed Round.
Freshtohome
Industry: E-Commerce Investment Amount: $11 million (With Other Investors) Funding Round: Series A
Freshtohome – Rajan Anandan Funded Startups
Freshtohome is an online platform that sells fresh fish, meat and chicken online and delivers it to customers’ doorstep at their convenient time. Freshtohome services are available in major cities. The company claims to sell only chemical-free and antibiotic-free fish and meat through its online store.
Freshtohome managed to procure $11 million in its Series A round of funding. Rajan Anandan has participated in Freshtohome’s Venture and Series A funding rounds.
StyleDotMe is an Augmented Reality fashion platform that enhances the jewellery shopping experience of users. This SaaS platform uses MirrAR software that helps users to view themselves in different jewellery and share them on social media.
On May 5, 2019, StyleDotMe received an undisclosed amount as Seed Fund from Rajan Anandan and other investors.
simsim
Industry: E-Commerce Investment Amount: $1.3 million (With Other Investors) Funding Round: Seed
simsim – Rajan Anandan Funded Startups
It is a platform that connects customers with local suppliers and sellers. simsim posts expert review videos on products and sellers. This helps the customers to know their quality. This startup also offers product recommendations in fashion, beauty, kitchen appliances and many more areas.
Rajan Anandan participated in the Seed Funding round of simsim where the startup raised $1.3 million. He later made an exit from the company.
Codejudge
Industry: Software Development Investment Amount: Undisclosed Funding Round: Pre-Seed
Codejudge – Rajan Anandan Funded Startups
Codejudge makes the process of hiring easy and valuable in the tech industry. It uses real-world projects to determine the skills of the developer. This platform simulates and automates the hiring process and helps identify the right person for the team.
Codejudge received an undisclosed amount from the Pre-Seed round of funding in January 2019.
Signzy
Industry: Software Investment Amount: $3.6 million (With Other Investors) Funding Round: Series A
Signzy – Rajan Anandan Funded Startups
Signzy is a software platform that provides AI-powered solutions to banks and other financial institutions. It helps the banks improve their speed and accuracy in dealing with customers and day-to-day operations.
Signzy obtained a $3.6 million fund on November 20, 2018, through a Series A funding round.
Trell
Industry: E-commerce Investment Amount: $1.3 Million (With Other Investors) Funding Round: Pre-Seed
Trell – Rajan Anandan Funded Startups
Trell is a social platform where users can create video reviews on various products and services in categories like fashion, technology, gadgets, movies, etc., This startup allows users to create reviews in 10 Indian languages.
GamingMonk is an eSports gaming platform that conducts online competitive games and events among the gaming community. The company offers its games both online and offline and they can be played either on mobile phones, PC or consoles.
GamingMonk collected $514K through Seed Round. After investing in a seed round, Rajan Anandan exited the company.
PregBuddy is a SaaS platform that serves as a connecting element between hospitals or doctors and expecting mothers. This AI-based software keeps track of mothers’ medical needs and assists them with required healthcare tips.
PregBuddy has been recognized by companies like Google and Apple. Anandan invested an undisclosed amount in the Seed Funding of PregBuddy in April 2018.
Buttercups was an online lingerie platform that used to sell its products exclusively on its online platforms. Unfortunately in 2019, its founder announced that she is closing her company for unsaid reasons.
Rajan Anandan funded Buttercups early in 2018 during its Venture Round. The amount of the investment remains undisclosed.
Industry: Cyber Security Investment Amount: $2.2 million (With Other Investors) Funding Round: Seed
Safe Security – Rajan Anandan Funded Startups
Safe Security is a cyber risk management company that offers assistance and evaluation on cybersecurity and digital business risks. The company claims it as the global leader in its field of operation and a pioneer in cyber risk quantification.
Rajan Anandan along with a few other investors offered $2.2 million to Safe Security during its Seed Round.
myUpchar is a wellness and healthcare platform that offers online medical support from experienced healthcare experts for a small fee. It offers expert solutions for all problems and doubts related to health.
myUpchar received $257K as a Seed Fund from various investors in September 2017.
Inclov is a SaaS platform that is involved in the business of match-making for differently-abled people. It is the world’s first online platform to offer such a service. The company was established in January 2016 in Mumbai.
Funding for the Seed Round took place in September 2017 when Inclov managed to secure $257K from investors.
EasyGov
Industry: Government Investment Amount: Undisclosed Funding Round: Angel
EasyGov – Rajan Anandan Funded Startups
EasyGov is an AI-powered startup that was established to develop an interface between the government and the citizens. The main goal of EasyGov is to take government plans and schemes more accessible and understandable to the people of our country.
The company received an undisclosed amount as an Angel Investment from various investors including Rajan Anandan. He later revoked his investment and exited from EasyGov.
With an aim of supporting farmers, Crofarm functions as a supply chain platform that procures fresh farm products at the right price from producers. These products are then sold to both online and offline retailers. Crofarm received $748K as Seed Fund on August 15, 2017, from various investors.
Monsoon Credit Tech – Rajan Anandan Funded Startups
Monsoon Credit Tech is a fintech startup that works with various banks and financial institutions to help them with money lending. This SaaS platform uses AI-powered software to analyze client data and approve lending options. This company through its Angel Investment round received an undisclosed amount in July 2017.
Karza Technologies – Rajan Anandan Funded Startups
Karza Technologies is another SaaS platform that works with banks to secure loans for its customers. It also helps to avoid loan fraud and data theft from such financial institutions.
Karza Technologies received a Seed Funding of $388K from investors. Later, Rajan Anadanan exited the company for some reasons.
Innov8 Coworking
Industry: Co-working Space Investment Amount: Undisclosed Funding Round: Pre-Seed
Innov8 – Rajan Anandan Funded Startups
Innov8 provides workspaces for business and professional people that enable them to work together with their community. The company’s beautiful workspaces are now available in around five cities.
Innov8 went through a Pre-Seed round of funding where it received an undisclosed amount from investors. Rajan Anandan exited the company after a few years.
Wishberry is a crowdfunding platform that was designed to help creators and artists in securing funds to empower their work. Its main aim is to inspire and encourage creative ideas and activities.
Rajan Anandan invested in Wishberry during its Seed Round in January 2017. The amount of this investment remains undisclosed. Whereas, the amount received through another Seed Round in October 2014 was $652.7K.
Tinychef
Industry: AI and Cooking Investment Amount: $352.6K (With Other Investors) Funding Round: Angel
Tinychef – Rajan Anandan Funded Startups
Tinychef is a culinary platform that offers curated recipes and content based on one’s taste and preference. It is an AI-powered voice recognition software that helps its users turn a home cook with some amazing and delicious food recipes.
Rajan Anandan made both personal and partnered investments in Tinychef. The personal investment was during its Angel Round when the company raised $352.6K. later in 2018, Anandan partnered with Swamy Kotagiri to invest $540.8K in the company.
Rapido started with an innovative idea of bike taxis in India. With their unique concept and adverse marketing strategy, Rapido became quite popular among people. Rapido operates in over 100 cities in the country.
Rapido on October 19, 2016, received an undisclosed amount as a fund from investors through a Seed Round.
Maya
Industry: Women Healthcare Investment Amount: Undisclosed Funding Round: Angel
Maya – Rajan Anandan Funded Startups
Maya is a health tracker app that keeps track of women’s menstrual cycles through a mobile app. This company was earlier known as Plackal Love Cycles.
Maya went through the Angel Round of funding and procured an undisclosed amount from Rajan Anandan and other investors. He later made an exit from the company.
Fulfil.IO helps online retailers with managing and automating their operations and focusing on customer experience and marketing. It helps the businesses in managing orders, finance, inventory, warehouse and many more
Fulfil.IO is another startup that has kept information on its Seed Round undisclosed hence, the amount of investment remains unknown. Anandan was a part of that particular round.
Leflair is an e-commerce platform that sells products on fashion, beauty and furnishings. This Vietnam-based company also sells products from over 2300 luxury brands. Leflair made $750K in its Seed Round held on May 31, 2016. Anandan later revoked his investment and left the company.
Unacademy has become a household name in India. It is an e-learning platform that offers numerous learning aids and lectures on diverse areas of education. It was started with the motto of giving a better learning experience for the students in the country.
HashLearn is another e-learning app that tutors students with content based on actions. It makes learning fun and interesting. This company was acquired by Byju’s in 2021.
HashLearn went through a Venture Round of funding and secured an undisclosed amount in March 2016. Anandan exited the company in its later stage.
Smartcooky
Industry: Media & Entertainment Investment Amount: Undisclosed Funding Round: Angel
Smartcooky – Rajan Anandan Funded Startups
Smartcooky is a venture of NDTV that was established to sell healthy foods and personal care products. It also publishes articles and information on food and health regularly. But NDTV shut the company in 2017 without giving any formal reasons for its closure.
During its Angel Round, Rajan Anandan invested an undisclosed amount in Smartcooky.
AppVirality is a referral marketing SaaS company that customizes, analyzes and automates customer referral activities. This helps the businesses to pitch their growth plan on the right path.
AppVirality received $500K as a Seed Fund from investors. This funding happened during the third quarter of 2015. This startup went through another round of Seed Funding in early 2015 when it collected $465K from Anandan and a few others.
Zenatix is a venture of Hero Electronix that was established in 2013. It is an asset management company based on IoT. Zenatix provides infrastructural solutions for construction that helps to minimize energy consumption and increase and maintain the structure’s life.
A Seed Fund of $200K was received by Zenatix from investors in 2015. However, Rajan Anandan exited the startup later.
Little Black Book
Industry: Events and Lifestyle Investment Amount: $150K (With Other Investors) Funding Round: Seed
Little Black Book – Rajan Anandan Funded Startups
Little Black Book is a site that helps to identify the best and most recommended products, places, local experiences, destinations and many more.
Little Black Book procured $150K from investors during its Seed Round of funding.
Mypoolin is an online payment application that helps users to send and receive money using UPI. The company was started with the main goal to provide simple and convenient solutions for payment-related activities.
Anandan left the company and took back his support for unsaid reasons. Before exiting Mypoolin he invested in the company’s Seed Round.
Dazo is a food startup that enables its customers to look for and order their food from the restaurants of their interest within seconds of opening its app. The company partnered with a few hotels to provide this service. But within a year of its inception, Dazo was forced to shut down due to a lack of funds.
Rajan Anandan invested in this startup during its Seed Round. Dazo managed to procure $236.6K from investors during its initial days.
Mapmygenome
Industry: Healthcare Investment Amount: $1.5 million (With Other Investors) Funding Round: Angel
Mapmygenome – Rajan Anandan Funded Startups
Mapmygenome is a diagnostic company that offers solutions to health issues based on genetic tests. It combines the genetic test results with the health history of the patient to arrive at a better solution for the problem.
Mapmygenome collected $1.5 million from our Angel Investor and others during its Seed Round.
InstaLively
Industry: Video Streaming Investment Amount: $120K (With Other Investors) Funding Round: Seed
InstaLively – Rajan Anandan Funded Startups
InstaLively is a platform to broadcast LIVE events with easy and simple procedures. This software also links the live stream to your Youtube channel directly. InstaLively was later acquired by Hike Messenger in 2017.
InstaLively made an amount of $120K in its Seed Round which was held on March 2, 2015.
ZipGo
Industry: Transportation Investment Amount: $3 Million (With Other Investors) Funding Round: Seed
ZipGo – Rajan Anandan Funded Startups
ZipGo is a commute service that is available only for members and reservors. Regular commuters can book a seat in this on-demand AC bus service using the ZipGo app. It offers its services between many cities and states.
The company attracted investors with its innovative ideas and received a sum of $3 million in the Seed Round itself.
GiftCardsIndia carries numerous ideas for gifts for all the occasions. It also offers gift cards and gift vouchers with fantastic designs and exciting prices. This startup is a one-stop shop for our gifting needs.
In the Venture Round of funding that was held on November 11, 2014, this startup received an undisclosed amount as an investment.
POPxo
Industry: Health & Lifestyle Investment Amount: $500K (With Other Investors) Funding Round: Angel
POPxo – Rajan Anandan Funded Startups
POPxo is a hangout space exclusively for women where they talk and share anything of their choice. It operates in a wide variety of categories like fashion, food, travel, lifestyle, fitness, etc., POPxo is now available in 6 languages. POPxo procured $500K from investors during the Angel Round.
Socialblood Inc
Industry: Healthcare, Social Media Investment Amount: $96.5K (With Other Investors) Funding Round: Seed
Socialblood – Rajan Anandan Funded Startups
Socialblood is an online platform that was designed to bring together blood donors and the people in need of blood. Facebook serves as its major operation base which makes it easier for the startup to bring in more donors.
Sociablood went through two rounds of Seed Funding and received $36.5K and $60K in them. Rajan Anandan invested in both rounds.
SocialCops
Industry: Information Technology Investment Amount: $320K (With Other Investors) Funding Round: Seed
SocialCops – Rajan Anandan Funded Startups
SocialCops is a data intelligence company that has partnered with various organizations and governments to collect and publish data. These data, in turn, are used to make crucial decisions and future assessments.
In the Seed Round held in July 2014, SocialCops managed to receive a fund of $320K from investors.
LetsVenture is a company that acts as a support system for startups. It helps the new ventures raise investors’ money by finding the right source with possible means. LetsVenture has grown to become a trusted source among investors.
Rajan Anandan participated in the Seed Round of LetsVenture and became a part of the total investment of $650K.
Ciafo is a software company that is involved in the creation of software based on customer needs. In simple terms, this startup is involved in the business of web-based consumer products. Ciafo was funded with $245K during its Angel Round.
Avaz
Industry: Software, Language Learning Investment Amount: $550K (With Other Investors) Funding Round: Seed
Avaz – Rajan Anandan Funded Startups
Avaz is a company that develops software named ‘Awaz’ to help people with speech disabilities. This tool gives voice to people with autism and helps them communicate their thoughts. A sum of $550K was invested in Avaz as a part of its Seed Round held in April 2014.
Frrole is a consumer intelligence platform that gathers and analyzes customer data to give business owners, sales persons, or hirers market insights. Similar to Ciafo, Frrole was given $245K from Anandan and other investors during the Angel Round.
Threadsol
Industry: Business Intelligence, Fashion Investment Amount: $200K (With Other Investors) Funding Round: Seed
Threadsol – Rajan Anandan Funded Startups
Threadsol is software that helps manufacturers in planning and buying fabrics for their production. It reduces time and makes the process seamless using its innovative technology. The company Coats acquired Threadsol in December 2018.
In the Seed Round that happened in 2014, Threadsol received an investment of $200K from investors. Rajan Anandan made no further investment in the company and also revoked his initial investment made during the Seed Round.
TravelKhana
Industry: Food Delivery Investment Amount: $2 million (With Other Investors) Funding Round: Seed
TravelKhana – Rajan Anandan Funded Startups
TravelKhana is a food delivery app but on a train. The food gets delivered to your seat on time when ordered. This app can track trains in real-time to make on-time food deliveries. A whopping sum of $2 million was pumped into TravelKhana by Rajana Anandan and other investors as a part of its Seed Round.
Airwoot is a customer support platform that offers real-time support to customers in need of assistance. Its intelligent customer experience software automatically identifies the customers in need and helps businesses conserve time. Airwoot received an undisclosed amount from investors during its Angel Round in August 2013. Anandan later left the company and took back his investment. The reason for his exit remains unknown.
Designed as the functional programming language, transforming data is the major purpose of Dataweave. It also helps to analyze public data in a uniform format on the web. On April 25, 2013, Dataweave received a Seed Fund of $270K from multiple investors for developing its business.
Lumos Design Technology – Rajan Anandan Funded Startups
Lumos Design Technology was established with a motto to make cycling and cyclists safer with the use of modern technologies. It manufactures backpacks, solar chargers and other consumer electronics that are used for traveling. A sum of $32K was offered to Lumos Design Technology by Anandan and others during the Angel Round.
Industry: Digital Marketing Investment Amount: $4 million (With Other Investors) Funding Round: Series A
Mobilewalla – Rajan Anandan Funded Startups
Mobilewalla is a consumer intelligence platform that provides solutions for companies, brands and agencies. It is a Singapore-based company founded in March 2011. It analyzes consumer data with AI to arrive at a perfect result.
Mobilewalla received a huge sum of $4 million from a Series A funding round that was held in February 2013.
Myshaadi.in is an online startup that offers wedding-related services. It helps people with profile personalization and finds the best wedding partner for their life. Myshaadi.in received an undisclosed amount from angel investors like Rajan Anandan and others during the Angel Round held in April 2012.
Aurality is a software developed by Aurality Technologies Pvt Ltd. This platform helps people convert texts from blogs, articles, and news sites into audio format quickly and easily. Aurality received $300K from investors as a Seed Fund.
Reach Accountant offers the best service that can replace the accountant in one’s office. It performs the daily and monthly accounting services that an office requires. The data are stored online, hence it becomes accessible anywhere anytime. The fund received by Reach Accountant from investors during its Angel Round was not revealed by the company.
MissMalini Entertainment
Industry: Media and Entertainment Investment Amount: Undisclosed Funding Round: Angel
MissMalini Entertainment – Rajan Anandan Funded Startups
Rajan Anandan exited the company after investing an undisclosed amount during its Angel Round of funding.
authorSTREAM.com
Industry: Software Investment Amount: $5 million (With Other Investors) Funding Round: Series A
authorSTREAM – Rajan Anandan Funded Startups
authorSTREAM is a web platform that allows users to upload and share PowerPoint presentations. The presentations can be shared through Youtube, blogs websites, etc., authorSTREAM received a whopping sum of $5 million from its Series A round held in December 2010.
Conclusion
The above are the startups that received funds from Rajan Anandan. Instead of focusing on the startup’s sector, Anandan gave importance to the founder’s vision, passion and clarity towards their business. He never failed to support a team with the said qualities. The number of investments he made shows his passion and love for startups and budding entrepreneurs.
FAQs
Who is Rajan Anandan?
Rajan Anandan is an Angel Investor and businessman who is the MD of Sequoia Capital India.
Which are the top startups funded by Rajan Anandan?
Some successful startups funded by Rajan Anandan are:
POPxo
Dunzo
Unacademy
GamingMonk
Trell
Rapido
Appknox
MissMalini Entertainment
LetsVenture
Smytten
InnovAccer
Indifi Technologies
What is the net worth of Rajan Anandan?
Rajan Anandan’s net worth is expected to be over $1 million.
Tiger Global Management is known to be the most statistical and voracious startup investors among all. It has developed with a great prospect and is proceeding towards investing in more prominent startups, especially those who hold the potential to earn unicorn status someday. And in recent years, Tiger Global Management has made hostile growth.
Tiger Global Management is a New York-based investing firm, built in the early 2000s. The firm not only made remarkable progress but also became one of the most prolific investment firms among the billion-dollar startups. The estimated value of the total assets of Tiger Global Management is around $65 billion.
In the initial days, Tiger Global Management invested in private companies in India and China but now, the firm invests in some of the biggest startups companies. But, how does the firm gain such progress? Well, to understand it better we need to know the strategies and portfolio for Tiger Global Management.
According to the Crunchbase data, Tiger Global Management has invested in 118 companies in 2021. The firm has made ten times more growth in the initial months of 2020. In this article, we have presented some of the biggest investments made by Tiger Global Management. Let’s get started!
Infra.Market is a well-established technology firm that offers a one-stop marketplace for manufacturing materials and goods. Recently the firm has raised its Series C funding to $100 million led by Tiger Global Management along with some other potential investors like Nexus Venture Partners, Accel Partners, Sistema Asia Fund and Fundamental and Evolvence India Fund.
The largest funding amount received by Infra.Market is $1 billion making its absolute way to the unicorn list. This funding is intended for the advancement of the seed market and their private label brands enhancements, technological offerings and direct-to-direct channels and exports. The company founded by Aaditya Sharda and Souvik Sengupta in 2016 has made quite an impactful position in the market.
Innovaccer
Innovaccer Website
The very prominent Innovaccer is a healthcare software-as-a-service (SaaS) startup. The company has recently gained unicorn status after the tremendous fund-raising session by Tiger Global Management, which helped it reach a valuation of $1.3 billion.
The last year estimated valuation of Innovaccer was $350 million after the Series C funding round but when the SaaS startups were globally increasing their capital and catching investors attention, Innovaccer raised the valuation to $105 million in the new round.
Innovaccer has many potential investors such as Dragoneer, Steadview Capital, M12, B Capital Group and Mubadala Capital. These investors participated in the new round of funding along with the OMERS Growth Equity. And so far, Innovaccer raised $225 million.
The widely famous Ola Electric Mobility Pvt. Ltd is a well-established private company in India for its cab services. Recently, Ola received a great investment from the ride-hailing unicorn’s investor, Tiger Global Management.
Ola is aimed to enhance its Mission Electric programme which was announced last april. In this programme, Ola will launch 10,000 electric vehicles, mainly three-wheelers and intended for promoting one million electric vehicles by 2022.
Ola is currently testing several commanders to deploy electric vehicles and their charging solutions. Moreover, it is working on the advancement of battery swapping stations and two or three-wheeler electric services.
Ola is making its strong uphold position among the industries and currently working with many prominent automobile industries in order to enhance the functioning of electric vehicles.
Brex
Brex Website
The prominent San Francisco based startup, Brex Inc., offers corporate cards to several companies as well as venture capital-backed companies. It received a major uplift of $425 million through a funding round investment by Tiger Global Management.
Previously, Brex valuation was estimated as $7.4 billion from the investment from TCV, Ribbit Capital and many other firms.
Brex entered the sector which was majorly dominated by the likes of either American Express Co. or JPMorgan Chase & Co. The company experienced progressive growth together with manufacturing other products such as business cash accounts and bill pay software. This brought a clear targeting measure for traditional established small to the big businesses.
Flipkart is a well-known E-commerce company, whose $14 million worth of shares has been sold to the Tiger Global Management firm by its co-founder Binny Bansal. Ever since Walmart grasped its hands around the E-Commerce firm, this would be the third time when Binny Bansal sold a tranche of his share.
The shares holding of Binny Bansal has been transferred to two types of Tiger Global Management funds. The first part of the share i.e., 47,756 equity is transferred to the existing Internet Fund III Pte Ltd. and the other 54,596 is to incoming Tiger Global Eight Holdings.
Conclusion
Tiger Global Management has made great progress in recent years and the firm has gained many portfolios as well. The firm is going for every potential startup doesn’t matter how established they are in the market. It is investing in many new potential startup companies through millions of shares.
In other words, Tiger Global Management is acquiring every opportunity of investing in independent potential startup companies. And with this exponential graph flow, Tiger Global Management is estimated to grow even more aggressively.
Today, almost every startup aspires to secure investment from Tiger Global Management. However, there are still many heights that Tiger Global Management has to reach.
FAQ
What is Tiger Global Management?
Tiger Global Management is an American investment firm that focuses on internet, software, consumer, and financial technology industries.
What are the top startups funded by Tiger Global Management?
Flipkart, Brex, Infra.Market, Innovaccer and Ola Electric Mobility are top startups funded by Tiger Global Management
Who is the founder of Tiger Global Management?
Chase Coleman is the Founder of Tiger Global Management.
Vidhi Punamiya
