Innovation In India – 10 Startups With Innovative Products

“Innovation distinguishes between a leader and a follower” – Steve Jobs.

This is so true for leading companies in different sectors. Innovation leads, the world follows. Firstly, Companies filed around 45,000 patents in India in 2016-17 alone. In addition to it, many Indian startups are being listed as “Interesting companies to watch”. This indicates that India is also heading in innovation along with developed countries. Certainly, India is a different path to take this world into the future with its innovation. In short, India is leading the innovation trend.

Here are few startups which made India stand under innovative country list. –

Founders – Ravi Shankar, Parikshit Paspulati, Shankar Narayanan.

Launch year– 2016

Place and sector – Bangalore, Fintech (Technology support in Finance) provides a tech platform for various companies to deal with finance works with customers. It provides AI-powered virtual assistants to users to help them in their emergency banking needs. In addition to their products, this startup is listed under 18 fin-tech startups which will compete for the Fintech Startup of the Year award at India FinTech Awards (IFTA) 2019.

Key Ventures – Innocells, Kalaari capital, Vertex ventures, Chiratea Ventures, Credit Ease, DreamIncubator, Kstart. - Innovation

Altizon –

Founders – Vinay Nathan, Yogesh Kulkarni, Ranjit Nair

Launch year – 2013

Place and sector – Pune, Hardware and IoT

Description – Altizon brings IoT and machine learning to help organizations make great decisions to set up their game plan. Altizon’s Datonis Industrial IoT Product Suite serves as the bridge between smart and smarter manufacturing decisions for an enterprise. With over 100+ global users, Altizon is a leading industrial IoT platform provider. It recently created a global HQ in Palo Alto, USA.

Key Ventures – Lumis Partners, The Hive, Persistent Systems, Wipro Ventures, Infuse Ventures, TVS

Ather Energy – 

Founders – Tarun Mehta, Swapnil Jain

Launch year – 2013

Place and sector – Bengaluru,Deeptech

Description – Ather Energy is an electric two-wheeler startup. In 2018, they launched a flagship scooter, Ather450 and another bike Ather 340 which is set to hit Indian roads soon. After that, it also launched a smart grid to charge these scooters. They install this grid at various public places like gym, restaurants etc. Moreover, they designed an app to monitor your charge and your bike from anyplace.

Key Ventures – Hero MotoCorp, Tiger Global Management and more

Dream11 –

Founders – Harsh Jain and Bhavit Sheth

Launch year – 2012

Place and sector – Mumbai, Gaming

Description – Dream11 offers users to create a virtual team comprising real-life players and let them organize matches based on the player’s actual performance in matches. It was started in 2008 but launched freemium fantasy cricket in 2012. Firstly, it was with 10 lakh users with 10 dreamsters. After a few years, the count went to crores. Meanwhile, it got 3 series of funding. When it sponsored for NBA, CPL and ISL, consequently it started getting many users. Now it has 7+ crore users with BCCI partnership and MS Dhoni as the Brand Ambassador of the Company. It also holds a Guinness World Record.

Key Ventures – Tencent, Kalaari Capital, Multiples Equity

ION Energy –

Founders – Akhil Aryan, Alexandre Collet

Launch year – 2017

Place and sector – Mumbai, Deeptech

Description – ION Energy manufactures high-performance batteries for electric vehicles. It designs and engineers lithium-ion battery technologies. Moreover, the software is also designed to monitor the performance of the battery. It recently extended the ION BMS license offering to IBS which is a French battery pack manufacturer.

Key Ventures – Astarc Ventures, Aakrit Vaish

Instamojo – 

Founders – Sampad Swain, Akash Gehani and Aditya Sengupta

Launch year – 2012

Place and sector – Bengaluru, Fintech

Description – Instamojo enables MSMEs to build, manage and grow their online business. It is an online payment gateway platform which provides easy and safe payment facilities to MSMEs. They have payment APIs in different languages. In addition to it, it provides support for online stores. Similarly, it provides payment options for event organizers too.

Key Ventures – Kalaari Capital, Blume Ventures, 500Startups

Niramai – 

Founders – Geetha Manjunath, Nidhi Mathur

Launch year – 2016

Place and sector – Bengaluru, Healthcare

Description – Niramai provides a cost-efficient way to detect cancer cells and it is also a best alternative way from mammography. The core of the NIRAMAI solution is Thermalytix, a computer-aided diagnostic engine that is powered by Artificial Intelligence.

Key Ventures – Pi Ventures, Ankur Capital, Axilor Ventures, 500 Startups, Kris Gopalakrishnan, Binny Bansal, Srinath Batni

Niramai- breast cancer cells detection

Razorpay – 

Founders – Shashank Kumar, Harshil Mathur

Launch year – 2014

Place and sector – Bengaluru, Fintech

Description – Razorpay is a payment gateway for online payments. It provides personal dashboards, payment apps and links to get paid easily. It helps to collect subscriptions and deal with invoices to customers. In addition to this, it also accepts currency from international banks too. Above all, it keeps your transactions safe using the new AI tool.

Key Ventures – Tiger Global Management, Y Combinator, Matrix Partners India, Mastercard, GMO Venture Partners, Soma Capital, Kunal Bahl, Rohit Bansal, Punit Soni, Abhay Singhal, Naveen Tewari, Kunal Shah, Sandeep Tandon, Justin Kan, Jeff Huber, Bill Gajda

ShareChat – 

Founders – Farid Ahsan, Bhanu Singh, Ankush Sachdeva

Launch year – 2015

Place and sector – Bengaluru, Social

Description – Similar to many social networking apps, ShareChat enables users to create, discover and share contents with their friends. In addition to that, it allows sharing videos, GIFs, audio and songs in 10 different languages. The user follows others and shares content in different languages.

Key Ventures – Morningside Ventures, Shunwei Capital, Xiaomi, Lightspeed Venture Partners, SAIF Partners and more

Unacademy – 

Founders – Gaurav Munjal, Roman Saini, Hemesh Singh, Sachin Gupta

Launch year – 2015

Place and sector – Bengaluru, Edtech

Description – Unacademy is an online learning platform where tutors from various places drop videos on different topics. Students can subscribe and listen to videos from their favourite teachers. Similarly, it provides tests for students to test their knowledge. It provides classes on various competitive exams in addition to normal subjects. In short, it unites 4,000 educators with 1.3Mn registered users using more than 50,000 classes.

Key Ventures – Sequoia Capital, SAIF Partners, Nexus Venture Partners, Blume Ventures, WaterBridge Ventures, and more

In conclusion, India is getting introduced with services and products produced by innovative people.

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