The most booming sectors of startup during this lockdown were Healthcare, FinTech, EdTech (E-learning), Logistics, Retail, Renewable Energy, SportsTech Startup Sector.
The digitization wave has helped in increasing the pace of innovation in the health tech space. Digital health that supports in self-managing chronic illness, giving patients the possibility to self-diagnose, and help caregivers in coordinating better will have a massive impact on determining future industry leaders. Personalization and individuality are in high demand – two expectations that are met by eHealth. Upgrading treatment or preventive models and integrating them with connected devices grants players in the industry a competitive advantage.
- PeeSafe : Funding 7 million: was founded by Vikas Bagaria and Dheeraj Jain in 2013. Its other offerings include eco-friendly sanitary napkins, organic cotton tampons, menstrual cups, panty liners, breast pads, natural intimate washes, wipes and sweat Pads for both men and women, and anti-pollution dust masks. Soon after, the Toilet Seat Sanitizer Spray was introduced. A spray that managed to save millions of women across the country from the risk of contracting UTI.
2.PharmEasy: Funding 100Million Dollars. PharmEasy is a pharmacy aggregator, it helps Indian patients connect with local pharmacy stores and diagnostic centers. It allows individuals to buy their prescription medicine and healthcare products from local pharmacies and also permits to take online diagnostic tests.
Fintech refers to the integration of technology into offerings by financial services companies in order to improve their use and delivery to consumers. Startups disrupt incumbents in the finance industry by expanding financial inclusion and using technology to cut down on operational costs. In India, the need for technological disruption in the banking sector is all the more acute, given that over 19% of the country’s population still remains unbanked. This is where Fintech startups come in. Touted as the year of financial services, 2017 saw the emergence of a legion of promising Fintech startups that are working to bring innovation and disruption to the otherwise conservative Indian banking sector. Since early 2015, the Fintech sector has undergone massive changes, chief among them being the move towards a cashless economy. The government’s enthusiastic promotion of cashless technologies – digital wallets, Internet banking, the mobile-driven point of sale and others – as well as the launch of India Stack including Aadhaar, eKYC, UPI and BHIM have also managed to restructure the financial sector, disrupting the long-held monopoly of traditional institutions like banks especially after the pandemic.
- MoneyTap : Funding : 70 Million: MoneyTap is India’s 1st app-based credit line that provides quick, flexible, and hassle-free credit of up to ₹5 Lakh. MoneyTap has been on a phenomenal 4X growth trajectory and has created a loan book of ₹1,500 crores and achieved a disbursal run rate of ₹2,500 crores a year. In an era of coronavirus. MoneyTap introduces a zero-touch model or 100% online process with zero physical touchpoints so that people can get emergency credit from the safety of their homes. People can get instant money through a single touch or credit on a single Tap.
2.Razorpay: Funding 100 Million: is India’s first full-stack financial solutions company. It provides instant secure solutions with simple pricing with 100+ payments methods and API driven systems. It provides 15% higher success rates compared to other platforms. Razorpay accepts, processes and disburses money online for small businesses and enterprises. In recent years, the startup has expanded its offerings to provide loans to businesses and also launched a neo-banking platform to issue corporate credit cards, among other products. Some of Razorpay’s clients include budget lodging decacorn Oyo, fintech firm Cred, social giant Facebook, e-commerce Flipkart, top food delivery startups Zomato and Swiggy, online learning platform Byju’s.
Being the second most populous country in the world, India comes with a lot of baggage that other nations are not subjected to. Lack of quality education is one of the biggest shortcomings that the Indian government is still struggling to overcome.This is where edtech startups come up. By wielding up-and-coming technologies, Indian edtech startups are working to enhance access to affordable quality education across primary, secondary and higher levels.
- UpGrad: Founded in 2015, UpGrad is India’s largest online higher education company providing programs in Data Science, Technology, Management and Law, to students, working professionals and enterprises. With an 85% program completion rate, a robust tech platform, an outcome-based learning approach, industry-relevant curriculum, strong mentorship, and placement support, upGrad has established its position as the leader in the Indian education system.
2. Unschool is an e-mentorship platform that allows students, graduates, young professionals, entrepreneurs and “anyone with the curiosity to learn” to create an online learning ecosystem that fits their need and industry demands. Unlike Massive Open Online Courses, which are driven by traditional collegiate coursework, Unschool tries to optimise alternative learning and teaching methods by merging career counselling, self-paced learning, personalised mentorship, and individualistic online courses delivered by industry experts. Gopal Panda,(National Head Intern) single handedly manages the sales and marketing Pan-India under Dheemanth Reddy, Head of sales, who manages to grow Unschool through their robust sales and marketing which has grown the company in just 1.5 years.
3. Unacademy: The company has a network of over 18,000 educators, and offers preparation material for several professional and educational entrance exams. Several noteworthy personalities and public figures have taught learners through live classes under the Unacademy’s educational programmes like ‘Legends on Unacademy’ like Shashi Tharoor, Pranab Mukherjee, Virat Kohli.
The logistics startup aims to solve problems such as scheduling, tracking, and managing an on-field fleet in the on-demand and hyperlocal industry. Since the middle ages, logistics has been a determining factor in winning or losing any war. Today, efficient logistics is crucial to the success of any business. Poised to touch $307 Billion by end of 2020, the Indian logistics sector has always been crucial to the country’s infrastructure and economic development. Within the logistics sector of the Indian startup ecosystem, there are big players like the online marketplace for logistics transactions Blackbuck; Grey Orange, which provides intelligent solutions for warehouse management by hi-tech robots; Delhivery and Rivigo, both of which are potential unicorns.
1.Blackbuck: Finding 230 Million: provides a technology platform for trucking and logistics in India. It facilitates truckers and shippers operations thanks to a freight platform that improves the utilization of trucks and a service platform for trucking, infrastructure, and fleet management. BlackBuck has been a pioneer in bringing the offline operations of trucking online, be it matching a shipper with a trucker or reshaping the infrastructure around trucking to facilitate payments, insurance, and financial services. BlackBuck are committed to making it easier for millions of truckers to book a load and move at capacity, and enable shippers of all sizes to have access to the right truck, at the right time for the right price – all at a click of a button.
2.Delhivery: Funding 115 million: Delhivery’s aim is to build the operating system for commerce in India. Their provide parcel transportation, warehousing, freight, reverse logistics, cross-border and technology services to over 10000 customers including all of India’s largest e-commerce companies and leading enterprises. Their supply chain platform and logistics operations bring flexibility, breadth, efficiency and innovation to our customers’ supply chain and logistics operations. Their operations, infrastructure and technology enable our customers to transact with us and our partners at the lowest costs.
Consumer services, as in hyperlocal food and grocery delivery, has been the hottest ticket in the Indian startup ecosystem since 2015. Two of the most promising sub-sectors this year were food delivery and only grocery. Due to market saturation, something similar to corporate consolidation will likely be observed in this sector this coming year.
- Urban Company: Funding 200 Million: provides a platform that allows skilled and experienced professionals to connect with 1.5Million users looking for specific services. All the professionals, though experienced and skilled, undergo intensive training modules before being allowed to list their services on the platform. They offer more than 107 services, ranging from Yoga instructors to Fitness trainers, Nutritionists and Physiotherapists, serving around 6000 customers per day.
2.BigBasket: Funding 300 Million: is an online food and grocery store. Bringing daily shopping to Indians’ home in an easy and convenient experience, BigBasket offers and delivers a wide range of products including fruits and vegetables, meat, rice and dals, packaged products, beverages, and personal care products. Big Basket has started flourishing in the last few years and provides services in 30 cities across the country and has more than 100 million customers. It processes more than 1 lakh of orders every day. Big Basket has tied up with more than 1800 local stores. It ensures that the products get delivered well in time. The low delivery fees resulted In making huge profits for the company.
ReNew POWER: Total funding: $2.8 Billion: ReNew Power is a company dedicated to renewable energy & is reportedly the largest renewable energy IPP in India, with regards to the total energy generation capacity It develops, builds, owns and operates renewable energy production facilities with utility-scale wind, utility-scale solar, and rooftop solar projects. The largest independent renewable energy company in India, it is dedicated to growing its production while supporting sustainable business practices. ReNew Power develops, builds, owns and operates utility scale wind and solar energy projects as well as distributed solar energy projects that generate energy for commercial and industrial customers. It today operates more than 110 utility scale projects spread across 8 states in India. In 10 years of its operation, ReNew projects have generated almost 85,000 jobs, directly and indirectly.
Dream 11 Sports: Funding 225 Million: is executing its vision of ‘Make Sports Better’ by providing multiple avenues for fans to deeply engage with the sports they love through fantasy sports, content, commerce, experiences and events, among others. The startup is an official partner of BCCI’s IPL used for playing real-time fantasy cricket and football leagues. The startup raised total funding of $100 million from investors such as Tencent, Kalaari Capital and Multiples Equity among others. In April 2019, Dream11 became the first Indian gaming company to enter the “Unicorn Club”.