With the startup boom taking over India in the last 2 decades, our country has seen a mammoth surge in the development of innovative products and services across all industries.
Here are 5 startups that are becoming industry leaders and creating their own niches through game-changing innovation:
1) Thinkerbell Labs
Founders – Sanskriti Dawle, Aman Srivastava, Dilip Ramesh and Saif Shaikh
Industry: Education Solutions
Net Worth: ~$25 million
Thinkerbell Labs is a Bengaluru based startup that created the revolutionary product ‘Annie’ in its bid to make education more accessible to all. Annie is the world’s first Braille literacy device that enables visually impaired people learn how to read, write, and type in Braille. This tech-driven educational platform also has the feature of helping visually impaired learn in any medium of instruction that they prefer.
2) Vernacular.ai
Founders: Sourabh Gupta, Akshay Deshraj and Manoj Sarda
Industry: Enterprise Software
Net Worth: $100 million
Founded in 2016, Vernacular.ai is an Artificial Intelligent (AI) first-SaaS startup that helps other businesses to interact with customers in a language they prefer and understand through sophisticated AI systems that require minimal human inputs and have the ability to handle complex situations with ease. They also provide speech recognition and voice assistant services to various sectors such as banking, hospitality and many more.
3) Meesho
Founders: Sanjeev Barnwal and Vidit Aatrey
Industry: Reselling
Net Worth: $8 billion
Founded in 2015 by two IIT Delhi graduates, Meesho has created an incredible platform where small enterprises and individuals can sell products from the ease of their homes without the burden of any upfront costs. The name Meesho is short for ‘meri shop’ or ‘my shop’ and they have fulfilled deliveries by more than 1,00,000 registered suppliers since their inception.
4) Groww
Founders: Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal
Industry: Wealth Management and Investment
Net Worth: $4 billion
Groww was founded by 4 ex-Flipkart employees in 2016 to simplify investing for all and make it more accessible to India’s massive youth population. This platform enables its customers to invest in stocks, ETFs, Mutual funds, IPOs and more through its user-friendly interface. Groww also has various educational platforms as a way to debunk the myths surrounding investing.
5) Inshorts
Founders: Azhar Iqubal, Anunay Arunav and Deepit Purkayastha
Industry: Media and News
Net Worth: $550 million
Inshorts was launched with the aim of educating Indian youth about the current events across the world through short yet informative posts that only need 60 seconds to go through. With reducing attention spans and increased social media usage, Inshorts founders hit the nail on the head with their innovative idea and approach. Currently, Inshorts is India’s English news app with an active user base of 10 million people.
Written by Gagan Dhawan
