2016 has been a year turmoil for Indian startups. While there were some success stories BYJU's and Paytm (thanks to demonetization), established players like Flipkart and Ola had to face devaluation. Last year also saw significant funding going into EdTech and Logistics. Let's take a look at some of the promising startups that might be in the news this year.
Founded in: 2014
What they do: Personal emotional wellness trainer
Why: YourDOST provides an online counseling and emotional support platform designed to foster mental health. It anonymously connects you with the right expert consisting of psychologists, psychotherapists, counselors, life coaches, career guides and people with rich and deep life experience, who understand you and guide you through completely confidential individual sessions (through free online chats). They are leaders in the personal emotional health training space. YourDOST have already raised USD 1.2 Million as part of pre-Series A round by SAIF Partners & existing investors. In Mid 2016, YourDOST had around 350 experts on board serving 800 sessions daily and have catered close to 4,00,000 people pan-India. Apart from web, they also have presence on Android and iOS.
Having the first mover advantage, YourDOST is expected to have an exciting 2017.
Founded in: 2010. However, but founders started working on it in 2013
What they do: Postman helps companies test, develop, and document APIs.
Why: Until 2016, Postman was used by a staggering 3 million developers, 1.5 million active monthly users with over 30,000 companies. They solved the major pain point of developers in testing APIs. Their clientele includes IBM, VMware, Wallgreens, Intuit etc. Driving on such strong traction they also raised USD 7 million in 2016 from Nexus Ventures as part of their Series A round.
With the traction that Postman has generated and armed with USD 7 million warchest, they surely look the company to bet on for 2017.
Founded in: 2013
What they do: Sheroes is the one stop destination for women seeking career opportunities at various life stages.
Why: Sheroes has secured Rs. 12 Cr funding as part of Series A round in 2016 from Lumis Partners, The HR fund, Angel Investor Rajul Garg & existing investor Raghav Bahl. Sheroes has successfully created a exclusive career community across 20,000 locations. Reportedly, 12,000 companies actively use the platform for hiring female employees.
Founded in: 2012
What they do: Velvetcase.com is trying to bring together the independent jewelry designers across the world.
Why: They raised USD 1.5 Million in second round of funding from Unicorn Ventures, Angel Investors, T V Mohandas Pai and Somasegar. They had 300 sellers across 28 cities till Jul 2016. The market size of Jewelry Industry is supposed to touch USD 90 billion in 2018.
Velvetcase seem to have ramped up their marketing and look poised to lead the Jewlery industry in India.
Velvetcase.com founders with their brand ambassador Kriti Sanon (Source: umaabharath)
Founded in: 2012
What they do: NowFloats builds websites for local SMBs to get them discovered in the online space.
Why: NowFloats acquired "LookUp" in 2016. LookUp, a chat based platform for small businesses, was backed by Khosla Impact and N. R. Narayana Murthy's Catamaran Ventures. In 2015, they successfully raised a Series A round from Omidyar Network & existing investors.
Founded in: 2013
What they do: FarEye have built an automation software which helps logistics enterprises manage real time co-ordinations between field jobs, mobile workers & consumer requests.
Why: In 2016, they raised USD 3.5 Million funding from SAIF partners as part of their Series A round. They have offices in Mumbai, Bangalore & Bangkok with headquarters in New Delhi. They have over 75 clients including DTDC, Bluedart, Bajaj Capital etc.
7. TAC Security Solutions
Founded in: 2013
What they do: They provide specialized computer security services called Vulnerability Assessment and Penetration Testing.
Why: TAC Security Solutions was founded in 2013, at the age of 19 by Trishneet Arora. The clientele includes Reliance Industries Limited, Gujarat Police, Punjab Police, Amul, Central Bureau of Investigations (CBI) etc. The security market is expected to grow to USD 202.36 Billion in 2021. Till November 2016, TAC Security Solutions had rolled out international operations in UAE and were planning to launch soon in London.
With the clientele that it has, this hardcore technological startup is surely headed for even more success.
Trishneet Arora (Source: yourstory)
8. Staqu Technologies
Founded in: 2015
What they do: An AI research company being part of the Image Understanding Industry.
Why: Staqu has come up with image search intelligence techniques. Mobile manufacturers like Panasonic and Karbonn are using these in mobile phones launched already or in process of being launched by them. Karbonn launched a separate service called "Karbonn Fashion Eye" and received tremendous response for the same.
9. BYJU's (Think & Learn Pvt. Ltd.)
Founded in: 2008
What they do: BYJU's is India's largest Edtech company now. It is creator of India's largest K12 learning app.
Why: In September 2016, Mark Zuckerberg has made an investment in BYJU's by leading the round of USD 50 million. It is now valued at whooping Rs. 3,200 Cr. The company, which is currently into Indian & Middle East markets, will now be looking to expand to USA, UK, Africa and other commonwealth nations. The app has already crossed 5.5 million downloads and has 250,000 annual paid subscribers as of September 2016.
Armed with the investment from Facebook founder, things can only go upwards for this startup in 2017.
10. The Climber
Founded in: 2013
What they do: Help young minds in selecting careers by giving them a hands on approach.
Why: The Climber was launched by 19 years old in a hostel dorm room in 2013. All of them had faced a problem of choosing career options. To solve this problem, they came up with a mentoring platform MyCaptain. Here, the students take part in mentoring workshops in their topic of interest, having mentored by young achievers below the age of 25. In 2016, they had 220-240 students signing up for workshops every month. Till September 2016, they had 25 mentors who had conducted workshops across 14 fields of interests like creative writing, astronomy, photography, android programming etc. All workshops are paid workshops. They were also incubated by IIM Bangalore in 2016.
A novel concept and with rising popularity, The Climber looks set to scale new heights in 2017.
Did we miss out on a promising startup? Mention below in the comments.