10 Promising Indian Startups That Topped Nasscoms Emerge: With the penetration of internet and the availability of technological resources, India has been witnessing the birth of many startups. The upsurge of the startups is certainly good enough to bring about lot of innovation and opportunities in the country reports Economic Times. Ravi Gururaj, chairman of the Nasscom Product Council, says the strategy of targeting domestic players will benefit these startups as international rivals do not understand the nuances of India. Understanding the rising need of local requirements startups are trying to tap the available internal potential. Until now, the domestic market has been a sleeping giant, said Ashish Gupta, senior managing director at Helion Venture Partners. Things have changed. Zinnov, a management consultancy that does researches in technology sector, estimates that there would be 600 product companies coming up between now and 2015. We have listed down the top 10 promising Indian startups chosen by Nasscom’s emerge. #1 CLOUDBYTE: Cloudbyte has its headquarters in Cupertino, California and has got a dedicated lab for remote testing in Bangalore. The startup’s unique product ElastiStor provides ability to host thousands of applications on a single cloud storage platform thereby cutting down a storage footprint and associated costs. The company was founded by Felix Xavier and Umasankar Mukkara with customers including NetMagic, Citrix just to name a few. #2 SAPIENCE ANALYTICS: Founded by Shirish Deodhar, Sapience analytics helps to increase productivity by measuring and analyzing employee work patterns on their systems and provides organization level analytics. This will help companies increase their productivity by 20%, without any extra management effort. The startup was initiated with a seed capital of 6 crore and is expecting revenue of 100 crore by 2016-17. Sapience has over 40 clients including top 25 IT companies in the country and is planning to broaden its business to US, Canada, and South Africa. #3 LINKSMART TECHNOLOGIES: SmartDNA, the flagship product of the company is a security label that is similar to bar codes in terms of securing product in logistics space. LinkSmart provides anti-counterfeit and tamper evident technology to curb threats inside an organization such as value asset logistics and asset vaulting. The startup aims to generate 922 crore against 1crore initial investment in the next 3 years by licensing its technology. The company has already tried the product with Muthoot Finance and will deploy to many more by 2014. #4 KEYPOINT TECHNOLOGIES: Sanjay Patel, founded keypoint technologies which provides an adaptive keyboard interface motivated to assist his brother who had lost an arm. Adaptxt, the key product of the startup is being mainly used by handset makers like Nokia, HP and 12 other potential clients. The company was founded in 2011 and has a strong database of 102 languages and 32 industrial dictionaries for professionals, giving it a cutting edge over its competitors such as SwiftKey and Swipe. #5 WAYBEO TECHNOLOGIES: Knowing the importance of hassle-free online communication, 6 friends from Kerala incubated in Technopark founded Waybeo in 2009. The company’s flagship product BounzD was launched in 2011 and is used to stream voice through browsers and enables instant voice interaction between online customer and business. Waybeo technologies provides worlds first voice inbound call-based analytics to large and medium enterprises and is expecting a revenue of 6 crore by 2014 end. #6 VOICE OF BIG DATA: The company founded in 2012 provides real-time facial recognition technology by analyzing big chunks of data. Founded by Srinivas Kishan Anapu, ‘Voice of Big Data’ started with an initial investment of 2 million and is expecting revenue of 10 million by December 2014. The startup has signed up with two U.S. companies Venti and Gravitant and is looking to expanding into Latin America and Asia Pacific. #7 UNIPHORE: Started with an initial seed capital of 1 lakh Uniphore, a provider of cloud based voice applications for various businesses is now generating revenue of 1.5 billion. The Chennai based firm has applications that provide both speech recognition and voice biometrics for Indian language. Each application is tuned for regional particularities, accents and signal-to noise patterns to further enhance accuracy. The clients of Uniphore include Cholamandalam and Axis Bank and many more. #8 FLYTXT: Flytext was established in 2008 and helps companies with data analytics technology and services in the area of customer experience and revenue management. The Kerala based company has customers all across India and also in Dhaka, Lagos, Nairobi and Dubai. Vodafone, Aircel, Airtel, and yuMobile include the potential client lists and the company has generated around $250 million till now. Their integrated big data analytics driven platform together with mobile marketing consultancy helps operators achieve their marketing return on investment objectives. #9 EXOTEL TECHCOM: Exotel uses the cloud telephony concept that allows to use a single number to get calls which can be routed to a number of mobile phones. It provides a solution for small and medium startups that do not have sufficient resources to set up a call centre. Exotel was initiated with a seed investment of 10 lakh and is expecting a return of 2.5 this fiscal year. The company was founded by Shivakumar Ganesan in 2011 and its clients include RedBus, Zivame and many more. The service allows anyone to purchase a mobile number or toll free number online for a prepaid credit of Rs 6,000 for a quarter which can be recharged and used on expiration. #10 NANOBI ANALYTICS: Founded by Mahesh Ramakrishnan, Nanobi Analytics is considered to be Indias first Analytics App store. The company was founded in 2012 with an initial investment of 7 million and is expecting a harvest of 2.5 to 5 billion by 2014-15. Nanobi released their first product in April 2013 with Café Coffee day as its early bird customer and later provided 36 million SME’s with low cost analytics. The apps are available for enterprises at prices between 1500 to 20,000.
Posted on: Sun, 10 Nov 2013 07:43:26 +0000
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