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Monday 4 April 2016

Innovative startups to watch in 2016

Innovative startups to watch in 2016

Innovative startups to watch in 2016


Zenatix Solutions Pvt Ltd



Innovative startups to watch in 2016
Founder(s) - Dr. Amarjeet Singh, Rahul Bhalla, Vishal Bansal

City - Gurgaon

Revenues - $140,000 (Annual SaaS Run Rate)

Headcount - 20

Industry - Energy 


What it offers - Zenatix provides an energy analytics product that helps managers of commercial buildings save at least 10% energy using intelligence from the energy data. The startup's product is a combination of hardware and software. The hardware includes sensors which connect to Zenatix controller, which is used for both data acquisition and automated control of electrical loads. 

Growth Details & Expansion Plans - Founded in December 2013, the startup has about 42 customers and about 160 sites. It targets ARR of $1 million by Dec 2016. The current operations in NCR will be expanded to Bangalore and Mumbai in early 2016. 

Investors & Amount raised - Strategic seed investment from a group of angel investors, including Rajan Anandan from Google, Snapdeal co-founders Rohit and Kunal, Manoj Dawane - head of technology in Ericsson India, ex-United Technologies India Head Zubin Irani. The startup also raised pre-series-A from Blume investors



Consure Medical


Innovative startups to watch in 2016


Founder(s) - Nish Chasmawala, Amit Sharma

City - New Delhi

Revenues - Pre-revenue stage

Headcount - 14 FTE

Industry - Medical Device 
http://consuremedical.com/

What it offers - Consure is focused on developing and commercializing novel critical care devices for 80% of global citizens that do not have access to subsidized healthcare. The startup's flagship technology is the Qora Stool Management Kit. Qora is the only stool management device that integrates a hygienic applicator to deploy a diverter inside the rectum by a minimally trained care provider or a motivated family member. 

Growth Details & Expansion Plans - Consure Medical has the unique distinction of being one of the few emerging market medical device companies to have both US FDA clearance and granted patents in all key markets including USPTO. Consure says it is focused on commercial growth in the US, Japan and India. 

Investors & Amount raised - The startup raised Series A from Indian Angel Network, India Innovation Fund, India Venture Partners and Series B from Accel Partners.

Indifi Technologies Private Limited


Innovative startups to watch in 2016


Founder(s) - Alok Mittal, Siddharth Mahanot, Sundeep Sahi

City - Gurgaon

Revenues - Undisclosed

Headcount - 15

Industry - Financial Services 
http://www.indifi.com/

What it offers - Indifi expands access to credit for small businesses, by incorporating their business metrics in their credit profile. It does so by partnering with supply chain anchors and integrating with business software and data systems. It uses technology to assess and evaluate the business and credit profile of an SME and then assist these businesses in securing credit from banks and NBFCs. 

Growth Details & Expansion Plans - Within 6 months of launch, Indifi has gone live in four segments - travel, transportation, ecommerce and retail. It plans to expand within these segments, and expand to another 4-6 segments over next 12 months. 

Investors & Amount raised - Accel Partners, Elevar Equity, and Individual Investors including Pramod Bhasin and Rajan Anand

Amigobulls Inc

Innovative startups to watch in 2016


Founder(s) - Chandu Sohoni, Poorna Nayak, Mandeep Makkar

City - Bangalore

Headcount - 11

Industry - Finance 

http://amigobulls.com/

What it offers - Amigobulls offers investment advice and news to Stock market investors in the US through a patent pending video generation technology. The startup has filed a patent for a technology, which allows any user to create and upload videos about a stock. This is particularly helpful for bloggers. 

Growth Details & Expansion Plans - The Company started its journey with videos as the key differentiator, but it says the future would be all about personalization. The startup is already present in the US and will be launching in India and the UK in the near future. 

Investors & Amount raised- Not disclosed. Seed funding raised from angel investors in the country like Sharad Sharma, Sunil Kalra, Mohandas Pai and a few others.


TrulyMadly Matchmakers Pvt Ltd


Innovative startups to watch in 2016


Founder(s) - Sachin Bhatia, Rahul Kumar, Hitesh Dhingra

City - New Delhi

Headcount - 50

Industry - Dating and Lifestyle 
http://trulymadly.com/

What it offers - TrulyMadly has customized its offering by building a trustworthy and exciting platform for the young Indian Millennials to meet new people. TrulyMadly promises 100% verified profiles to its users. The app's compatibility matching algorithm also shortlists highly compatible matches and makes finding great people to hang out with a lot easier. The TrulyMadly system uses a proprietary tool called that uses trust-based scores to verify its users. 

Growth Details & Expansion Plans - TrulyMadly currently has just over 1.5 mn users. It plans to cross 10 million users by mid-next year. 

Investors & Amount raised - Helion Venture Partners and Kae Capital. (Angel investors include Deep Kalra, Founder & Group CEO, MakeMyTrip, Rajesh Magow, Co-founder & CEO of MakeMyTrip India, and Manish Vij, Founder of Tyroo). The startup has raised Rs 35 crore in investment till now.


UrbanClap


Innovative startups to watch in 2016


Founder(s) - Abhiraj Bhal, Varun Khaitan, Raghav Chandra

City - Gurgaon-based, present across 6 cities

Headcount - 300

Industry - E Commerce 
https://www.urbanclap.com/

What it offers - UrbanClap helps you find the right service professionals for activities important to you. Whether you are looking to decorate your home, get candid pictures of your wedding, get your doorbell repaired, plan your kid's birthday or get healthier, UrbanClap helps you fulfill all your services needs. UrbanClap's vision is to use technology and smart processes to structure the highly unorganized services market in India and emerging markets. Growth Details & Expansion Plans - Currently present in 6 cities with plans to launch in 5 more. 

Investors & Amount raised - The startup has raised Rs. 235 Crore from investors that include Rohit Bansal, Kunal Bahl, Accel Partners and Bessemer Venture Partners.


SilverPush

Innovative startups to watch in 2016


Founder(s) - Hitesh Chawla, Mudit Seth

City - Gurgoan, Haryana

Revenues - $ 5M-10 million

Headcount - 40

Industry - Advertising 
https://www.silverpush.co/

What it offers - Founded in 2012, SilverPush is a technology marketing platform for brands to understand and connect with their customers. SilverPush's technology allows television to emit an ultrasonic beep, which can be picked up by the users' smartphone to track the effectiveness of a marketing campaign, advertisement or the performance of a program. 

Growth Details & Expansion Plans - The core technology has been built and more than 7 patents filed for, the startup is now looking to grow internationally. 

Investors & Amount raised- The startup has raised $ 2.5 million in seed round from IDG Ventures, 500 Startups, Unilazer Ventures, M&S Partners.


Inshorts


Innovative startups to watch in 2016


Founder(s) - Azhar Iqubal, Deepit Purkhayastha and Anunay Pandey

City - Noida

Headcount - 60

Industry - Media & Content, News Application, Mobile
https://www.inshorts.com/

What it offers - Inshorts offers curated news stories of the day in 60 words across 10 news categories. It aims to keep its users informed on news around politics, business, sports among other. Inshorts serves more than half a billion page views every month.

Expansion Plans - Inshorts plans to increase its user base to 5 million by the end of 2015. Inshorts has just made its first move in the vernacular market with the launch of Inshorts Hindi. The startup now plans to foray into Tamil, Marathi, Kannada and Bengali. Inshorts is also working on an intuitive content recommendation engine for its users.

Investors & Amount raised- Inshorts started its journey from TLabs accelerator in 2013. In July 2014, Inshorts raised its seed round from a group of angel investors, including Ankush Nijhawan, Gaurav Bhatnagar and Manish Dhingra, with participation from Flipkart Co-founders Sachin and Binny Bansal, as well as Times Internet. In February, Inshorts raised $4 million from a Series A round led by Tiger Global and participated by Redbright Partners, Sachin Bansal and Binny Bansal. In July, Inshorts raised $20 from a Series B round by Tiger Global.

Disclaimer - TLabs and Economictimes.com are a part of Times Internet.


CashKaro.com


Innovative startups to watch in 2016


Founder(s) - Rohan & Swati Bhargava

City - Gurgaon, Haryana

Revenues - Rs 60 Crore

Headcount - 60

Industry - E-commerce
http://cashkaro.com/

What it offers - CashKaro.com is a cashback and coupons website. Members can get up to 50% extra cashback on their online shopping at over 1000 sites when they shop via CashKaro. All Cashback can be paid to users' bank accounts as real cash.

Growth Details - The site sees over 7,000 transactions per day and has been growing 30% month-over-month. It has over 10 Lakh members, 1000+ retailers and over 50 lakh page views per month. It has enabled Rs 550 crore in GMV and credited Rs 25 crore as cashback to users till date.

Expansion Plans - The startup is planning to expand in Southeast Asia where it will launch Cashback sites similar to CashKaro.com. It expects to cross Rs 1000 crore in GMV and credit more than Rs 45 crore as Cashback in the next few months.

Investors & Amount raised - The site raised $3.8 million as Series A from Kalaari Capital in November and 750,00o in angel in the year 2013 from a group of investors based in London who belong to companies like Paypal, Investec, Goldman Sachs etc.


SuVitas Holistic Healthcare


Innovative startups to watch in 2016


Founder(s) - Flt Lt Bipin Pendyala, Dr. Ramesh Babu and Sateesh Andra

City: Hyderabad
http://www.suvitas.com/

Revenues - Current run rate of Rs 22 lakh per month of Rs 2.65 crore per annum. The startup is now moving to a run rate of Rs 55 lakh per month or Rs 6.6 crore per annum by Mar 2016

Headcount - 35 direct, 25 indirect team members

Industry - Transition Care - part of the healthcare delivery value chain

What it offers - SuVitas Blue Ocean Strategy is protocol oriented personalized care plan, homelike relaxing environment, collaborative care from physicians, therapists, nursing, dieticians and emotional counselors. Patients are called "residents" as they stay for a period of 2 - 16 weeks at SuVitas, as required for their recovery.

Growth Details/Expansion Plans: The 50 room/bed facility has so far served 65 people in their recovery during the 6 months since incorporation. The startup now plans to expand into Bangalore and Mumbai in 2016 and subsequently build a 2000 bed capacity across the country in the coming 4 years.

Investors & Amount raised - Currently bootstrapped by the 3 founder with approximately Rs 5 crore. Founding team plans to raise external funding (VC/ PE) for expansion and rapid growth.

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