Why Bangalore is a place for startups?
Bangalore, often known as Bengaluru, is India’s technology capital. Because of its status as India’s main information technology (IT) centre, it is known as the Silicon Valley of India and the IT capital of India. Google Maps will show you one of the company’s offices in Bangalore, whether it’s a major corporation or a startup. As Bangalore is popular with tech companies, it’s more likely that the company’s headquarters will show up. Bangalore has a significant role to play in India’s inclusion on the list of desirable locations for incubators and the startup ecosystem around the world. Bangalore, in fact, has the third-highest number of tech companies in the world, according to a 2019 survey.
Ben Legg, general director of Ola UK, a Bangalore-based ride-sharing company, says, “Bangalore as a place for entrepreneurs I believe is incredibly exciting and is getting more interesting.” Ola, which was founded in Mumbai but relocated to Bangalore after realising the city’s advantages, speaks from experience. “While Mumbai is a larger and wealthier city, [the founders] needed a lot of engineers, and Bangalore has a lot more, and if you want to build an outstanding product rapidly, you need to be in a place where an engineering shortfall won’t hold you back.” Ola not only grew by entering overseas markets like the United Kingdom and Australia after relocating to Bangalore, but it also earned $3.8 billion in capital from Indian and foreign investors in 21 rounds.
As Bangalore is proven to be one of Asia’s fastest growing startup ecosystems, we like to highlight 20 of the city’s most popular startup companies in their respective industries, whose success serves as an inspiration to many people who aspire to be great entrepreneurs.
Fintech Startup Companies In Bangalore
MoneyTap
Photos by Startup Talky
Founders: Kunal Varma, Bala Parthasarathy, Anuj Kacker
Founded: 2015
Headquarter: Bangalore
Estimated annual revenue: $55M
The MoneyTap app, which was developed in collaboration with RBL Bank and numerous NBFCs, offers no-collateral credit up to Rs 5 lakhs. Consumers can borrow anywhere between Rs 3,000 and Rs 5 lakhs using the app, according to the founders, and choose from a variety of repayment choices ranging from 2 to 36 months. The RBL MoneyTap credit card was also launched by MoneyTap and RBL. The card can be used to make online and offline purchases just like any other credit card. Users can also transfer money directly from the app to their bank accounts. MoneyTap offers loans with monthly interest rates as low as 1.08% and annual interest rates ranging from 13% to 18%. Consumers must pay a one-time setup cost of Rs 499, plus taxes, to the banking partner directly in order to block their credit limit.
This startup was created with the demands of the middle class in mind. When it comes to meeting requirements, the salaried class is frequently limited by financial constraints. Medical expenses, school fees, or rent are examples of these requirements. The trio concluded that even a small amount of credit could make it easier for the middle class to meet these needs. However, unless the loan is for a large sum, many are hesitant to take out loans because of the significant paperwork and procedures. Credit cards and personal loans are also not widely used in India. Furthermore, the middle class finds borrowing money from relatives and friends humiliating. MoneyTap was the answer to this confluence of problems.
Razorpay
Photo by Startup Talky
Founders: Harshil Mathur, Shashank Kumar
Founded: 2014
Headquarter: Bangalore
Estimated annual revenue: $68.4M
Razorpay is an online payment solution in India that enables businesses to accept, process, and distribute payments. It enables businesses to use all current payment methods, including credit and debit cards, net banking, UPI, and other popular wallets such as JioMoney, Mobikwik, Airtel Money, FreeCharge, Ola Money, and PayZapp. Both web and mobile applications can use Razorpay’s online payment systems.
This startup idea arose from Harshil Mathur and Shashank Kumar, the co-founders’ work on a crowdfunding page, during which time they discovered how confusing India’s online payment system was. Furthermore, they determined that US-based payment systems are not suitable for Indian markets, particularly in terms of credit card adoption. Following this, they switched gears to focus on the payments problem in India, where technology deployment was difficult, payment failures were common, and pricing was opaque. As a result, they set out to create a user-friendly online payment gateway that would be simple to connect and utilise.
Ezetap
Photo by Startup Talky
Founders: Abhijit Bose, and Bhaktha Keshavachar
Founded: 2011
Headquarter: Bangalore, Karnataka, India
Estimated annual revenue: $32.2M
Ezetap was one of the earliest startups in India to develop digital payment systems. In 2013, the business released its first product, a mPOS card reader that could be linked to a smartphone via the audio jack. Ezetap currently offers a number of online payment solutions that allow businesses to accept digital payments in a smooth manner. Ezetap provides custom payment solutions for a variety of industries, including small and big retail stores, eCommerce and logistics enterprises, and government agencies. Ezetap began with a single payment option before switching to a SaaS model in 2020. The startup’s payment solutions provide a number of appealing features such as multibank acquiring and auto-reconciliation, as well as a number of value-added services that businesses can choose from.
Internet connectivity and smartphones were becoming more ubiquitous in India at the start of the decade, and e-commerce companies were progressively gaining prominence. Abhijit Bose and Bhaktha Keshavachar, the creators of the startup Ezetap, saw the potential to make payments more widely accepted in India. In the year 2013, Ezetap was one of the first startups to try to convert cash-on-delivery shipments to contactless payments, which was one of the company’s first application cases. In 2018, the business decided to stop manufacturing its own gadgets in India and instead start purchasing them from other countries. The startup team is dedicated to improving its services, and in some cases, their team members have accompanied e-commerce delivery agents to end-users’ doorsteps to collect feedback on the payment experience.
Cashfree
Photo by PR Newswire
Founders: Akash Sinha (CEO), Reeju Dutta
Founded: 2015
Headquarter: Bangalore
Estimated annual revenue: $34.7M
Cashfree enables businesses to receive and distribute payments at scale in the quickest and most seamless way possible. Payment processing, marketplace settlements, Cashgram, Subscriptions, bank account verification, UPI Stack, Instant Refunds, Global Payouts, and auto-collection via virtual bank accounts are among the company’s products. This startup company has created a strong presence among businesses since its beginning in 2015 by innovating for experience, size, and security. Payments are still considered as a developing business with its own set of issues.
Cashfree was founded by Akash and Reeju in 2015 with the goal of digitising offline COD payments. Then, in April 2016, they fully entered the online world. When they first started, Reeju and Akash were the only ones in charge of sales, along with another member. The concept of the app by the startup worked effectively at nightclubs where cash payments were difficult to come by at odd hours. They launched a mobile web product as a beta version after an order was placed. The customer is sent a link to enter their card information or make an online payment using their wallet. The delivery person would receive an SMS shortly after that stating that the payment had been received. When a number of merchants approached them about processing payments for their businesses through their website as well, Akash and Reeju began working on an online payment gateway.
Money View
Photo by Money View
Founders: Puneet Agarwal, Sanjay Aggarwal
Founded: 2014
Headquarter: Bangalore
Estimated annual revenue: $34M
Money View, a fintech start-up, is a loan financer that also assists with overall financial planning. Within a day or less, it can arrange loans ranging from INR 10,000 to INR 5,00,000. The application accesses the client’s SMS box for information on banking, invoices, and spending. It shows the user their bank balance, earnings expenditures, and income dues. The software is designed for all devices and is also a lightweight programme that can function and be updated even when there is no internet connection. Money View, which currently has over 10 million members, guarantees to have a security system comparable to the finest banks in the country. Personal client information is only used to improve the customer’s experience. The data is encrypted, which helps to prevent data loss and misuse.
It was both co-founders’ dream, which began one day while enjoying coffee at Starbucks. The idea was to use a mobile app to help India become financially stable. After returning to India in 2013, Puneet and Sanjay founded Money View in the following year. They understood early on, in 2016, that giving the software in local languages would help users address their problems more effectively. Their goal is to provide an app that would assist young Indians keep track of their spending. The startup’s app is now a paperless app that allows users to make budgets, examine their bank account information, manage bills, and track cash expenses.
Edtech Startup Companies In Bangalore
BYJU’S
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Founders: Byju Raveendran
Founded: 2011
Headquarter: Bangalore
Estimated annual revenue: $326M
BYJU’s, a Bangalore-based educational technology platform, is an online tutoring and coaching company that was founded in 2011 and operates on a freemium basis. ‘Think and Learn Pvt Ltd’ is BYJU’s parent firm. BYJU’s primary goal is to give online video lectures for students in grades 1 through 12 as well as for people preparing for competitive exams like IIT-JEE, NEET, CAT, GRE, and GMAT. The Learning app from startup BYJU was launched in 2015 and has been a big hit. It has 9,00,000 paid customers and is used by more than 15 million students around the world. Instead of relying on spoon-feeding, the software encourages children to learn on their own. Its strategy incorporates learning re-invention, world-class teachers, tried-and-true pedagogical methodologies, and personalised learning.
Byju Raveendran founded BYJU’s in the year 2011. According to Forbes’ list of India’s 100 Richest People, he is the country’s youngest billionaire, with a net worth of $3.05 billion (2020). The Learning App from BYJU was released in 2015. He subsequently took a free mathematics session before charging a fee once he was confident in his abilities. As his workshops grew in popularity, he began offering video classes for them. Former classmates who had graduated from the IIMs pushed him to start BYJU sessions. The startup company ‘Think and Learn Pvt Ltd’ was founded to create educational content for pupils. In 2015, he released Byju’s – The Learning App, which was downloaded by over 5.5 million people in its first year.
Enguru
Photo by Startup Talky
Founders: Arshan Vakil & Udit Hinduja
Founded: 2014
Headquarter: Bangalore
Estimated annual revenue: $6M
Enguru English learning app is a self-study app that attempts to address the issue of obtaining high-quality English language lessons. It focuses on speaking through AI-enabled stimulated dialogues and offers industry-specific English training in over 12 distinct local languages. This is also the only educational app that works on both Android and iOS, as well as the JioPhone, a popular smart feature phone that has sold more than 70 million units in less than two years. The startup’s app makes learning easier by starting with the fundamentals and progressing to more complex conversations. In addition, the startup company works with organisations all around India to upskill their employees or students. Dashboard access to track and monitor user progress, customised programmes based on business needs, and operational assistance are some of the key differences.
Enguru was founded with the goal of ensuring that access to English language learning does not become a barrier to employment. The objective is to use innovative technological solutions to give affordable employability-focused English language and communication skills training, and then to assist in matching English speaking levels to acceptable work possibilities. While working as a Product Manager at an e-commerce start-up and conducting a mentorship initiative for impoverished kids, the startup founder, Arshan Vakil, had the idea for a self-learning app after noticing how poor English training hampered professional progress. Tahem Verma, Enguru’s co-founder, was already working in education and saw how students struggled with English owing to a lack of English training. This was the precise moment when they realised there was a huge opportunity here, as well as a high latent demand for low-cost English instruction. They founded enguru in 2015 with the goal of solving this challenge.
Simplilearn
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Founders: Krishna Kumar
Founded: 2009
Headquarter: Bangalore
Estimated annual revenue: $409.9M
SimpliLearn is the world’s largest professional certifications company, offering working professionals and businesses professional certification courses. They provide online training 24 hours a day, seven days a week, as well as hybrid classroom training, and they develop a variety of course programmes, exams, and experiments to assist these professionals from all over the world in obtaining greater work possibilities and higher incomes. They also work with these professionals and businesses to meet their specific learning requirements. Their innovative blended methodology has carved out a position for itself by combining the best of self-learning and online training!
Krishna Kumar earned his Bachelor of Engineering degree from the National Institute of Technology in Suratkal, India. Prior to Simplilearn, Krishna was the Co-Founder and COO of Tech United, a software product company that he successfully sold to a publicly traded company in 2007. Simplilearn began its life as a technological blog. Later, it evolved into a professional learning startup focused on project management.
CueMath
Photo by Asia Bitz Today
Founders: Manan Khurma
Founded: 2013
Headquarter: Bangalore
Estimated annual revenue: $409.9M
Cuemath is India’s #1 EdTech company, with a one-of-a-kind learning platform that focuses on personalization and the basic philosophy that learning should be a fun and engaging experience, which is reflected in their methodology. Math is a logic and reasoning language, not a memorization language. Cuemath’s approach is unique. Their math curriculum is visual, concentrating on real-world examples rather than the more abstract theories found in standard teaching platforms and schooling. The startup believe that showing how an idea works in practise and relaying it in little chunks leads to a more intuitive understanding and grasp of concepts. They also add to the excitement of learning difficult ideas by gamifying the experience for pupils with age-appropriate images.
In a collaboration with Nielsen, a market research agency, the startup’s founder, Manan Khurma, charted learning losses. They discovered that it has affected children as young as first grade, with parents reporting that some of their children were unable to grasp basic numerical ideas, similar to acquiring alphabets in languages. All of these setbacks and learning deficiencies can be traced back to why he founded Cuemath and the pedagogy that guides their work. The disconnect and lack of core knowledge that youngsters faced when studying for competitive engineering examinations has been a driving notion since the startup started. He needed to figure out what was causing the problem, and he reduced it down to how mathematics was taught at a young age. He also realised that each child learns differently, and that learning, particularly math, must be tailored to the individual. Cuemath is how Cumath was born.
Scaler Academy
Photo by Startup Talky
Founders: Anshuman Singh, Abhimanyu Saxena
Founded: 2019
Headquarter: Bangalore
Estimated annual revenue: $51.6M
Scaler, a platform where users may learn new programming abilities and practise interview questions in order to scale ahead in their jobs, was incubated inside the InterviewBit in 2019. Scaler’s carefully organised programmes ranges from 6 to 24 months. It serves as a career accelerator by strengthening abilities through a current curriculum that includes exposure to cutting-edge technology. Over 1000 working professionals from leading software businesses across the world, including Amazon, Google, Facebook, Netflix, and Twitter, serve as instructors, teaching assistants, mentors, and career coaches for Scaler’s students. This startup’s app assists students in honing their abilities and preparing for future careers with big-tech organisations, whether they are recent college grads or working professionals seeking advancement.
This Bangalore-based startup began while the founder was employed as a Software Architect, which proved to be a time-consuming position. They were only able to identify the perfect talent in single digits after scanning through hundreds of resumes and conducting interviews. Almost all of the individuals that were interviewed lacked the necessary technical skills for the position. This was the point at which he understood the industry’s lack of competent tech people and the disconnect between university curricula and the abilities needed to succeed as a software engineer. The other co-founder also had the same difficulty when working as a tech leader for Facebook. As a result, they founded InterviewBit (2016), an online platform that helps job seekers prepare for interviews and Scaler Academy (2019), where where users may learn new programming abilities.
E-commerce Startup Companies In Bangalore
Rentomojo
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Photo by Helen Francis on PNGITEM
Founders: Achal Mittal, Ajay Nain, Gautam Adukia, Geetansh Bamania
Founded: 2014
Headquarter: Bangalore
Estimated annual revenue: $13.4M
RentoMojo is a leasing company for consumers. It’s an online rental platform that lets users rent furniture, appliances, and devices (phones, laptops) for a month. In terms of income and customers, it is the dominant figure in the lifestyle leasing/subscription market. The asset-light financial business strategy, which makes this company distinctive and sustainable, is one of the factors that has aided its growth. RentoMojo’s current verticals primarily include furniture, appliances, and electronics. Beds, microwaves, televisions, tables, and water purifiers are among the things available for rent through these verticals. Aside from the large number of things available, this site also offers packages that include many items. It obtains lease money from financial institutions for products that are rented to customers for long periods of time, usually up to 18 months. The company presently leases furniture, appliances, bicycles, and other items. Rentomojo operates primarily through partnerships with local vendors and does not own any of its inventory.
Geetansh, the owner of RentoMojo, had first considered renting toys to children because toys are expensive and children only use them for a few days before their parents buy them new ones. Geetansh, on the other hand, quickly remembered that he had a history and relevant expertise in the furniture and appliance industry. Furthermore, his brother was in the United Kingdom, where he rented or leased nearly everything he required to maintain a temporary living arrangement.This is why Geetansh realised that starting his business with furniture and appliances would be a more well-known path. He left Pepperfry at that point and founded RentoMojo in November 2014.
Voonik
Photo by Voonik on Twitter
Founders: Sujayath Ali and Navaneetha Krishnan
Founded: 2013
Headquarter: Bangalore
Estimated annual revenue: $5.9M
Voonik started as a men’s and women’s clothing company, but eventually opted to focus solely on women’s apparel. The startup is now a customised clothing shopping app for women, offering them to shop for clothing from a variety of brands and retailers based on their body type, lifestyle, and budget. Voonik allows women customers to purchase like they would on any other e-commerce site, or they may provide information such as their body type, skin tone, height, and personal style to have the app recommend outfits for them.
Both founders attended the same college and have known each other for over 20 years. Navaneetha was no stranger to the startup world, having worked as a garage stage engineer for firms like as Zoho, Freshdesk, and Aryaka. Sujayath, the other co-founder, spent 7 years in America working for Amazon and Visa. Navaneetha had a concept for a SaaS service at the time, based on his extensive and fascinating experience at Zoho and Freshdesk. Sujayath, on the other hand, proposed a completely new manner of purchasing that would allow people to purchase items that best fit their build, lifestyle, and budget. The former was so convinced by the latter’s proposal that they both quit their employment, and thus Voonik was born.
Fabulyst
Photo by Your Story
Founders: Komal Prajapati, Vikas Jethnani, Vishal Chitravanshi, Raj Parakh
Founded: 2016
Headquarter: Bangalore
Estimated annual revenue: $1.5M
Customers can discover and shortlist products using Fabulyst‘s AI-based platform, which supports women shoppers at fashion commerce stores. Based on questions about body measurements, body variance, and skin tone, it also recommends the optimal fit and styling. The company claims to have used deep learning technology to construct its unique algorithms, which are patent-pending. The startup, which switched to a business-to-business strategy last month, focuses on fashion merchants; both online and offline. Fabulyst was a chat-based Android app that handled over 30,000 fashion enquiries from over 1,000 women before shifting. The filters and recommendation engine of its AI-based platform were designed using consumer data gathered from this experience. The app will continue to operate as a data gathering point for consumers in order to improve the platform.
Apprify
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Founders: Muzafar Hussain
Founded: 2015
Headquarter: Bangalore
Estimated annual revenue: $5M
Appriffy-Digital IT Hub is a digital marketplace where developers can be hired “On-Hourly and On-Demand.” The Appriffy team assists people, startups, and businesses in developing world-class technology products. It ranges from one hour to an unlimited amount of time. Anyone can now shop for developers under the Appriffy umbrella, just like one can buy for clothes and other necessities online. Appriffy is a startup that assists in the development of other startups. They partner with selected company founders in a part-cash, part-equity model to assist them with technical, office space, legal, and financial support, as well as access to capital through their network of angels, seed, and venture capitalists. Appriffy’s team has plenty of experience working with both startups and corporations. They’ve been interacting with clients from India and beyond on a regular basis. They all believe in using their expertise to provide value to other people’s lives after all these years of experience. This idea motivates individuals to strive hard to achieve their goals.
Muzafar felt compelled to do something for his country, particularly to address the issue of unemployment. He wanted to be a job creator rather than a job seeker, which is why he founded Appriffy. Appriffy now creates jobs while simultaneously saving clients money and time, delivering high-quality products, and assisting companies to reach their full potential.
Dunzo
Photo by Ashish Shukla on International Business Times
Founders: Kabeer Biswas, Ankur Agarwal, Dalvir Suri, and Mukund Jha
Founded: 2014
Headquarter: Bangalore
Estimated annual revenue: $6.2M
In India, this startup located in Bangalore, Dunzo, is a hyper-local on-demand delivery business. It delivers anything and everything when and where it is needed for the lowest possible delivery fees. Dunzo, for example, can deliver documents to your office if you forget them at home. Furthermore, if you are in a circumstance where you would like to buy a t-shirt from a mall but are unable to do so, Dunzo will obtain it for you. Dunzo also has partnerships with a number of restaurants, apparel stores, and general stores. Bengaluru, New Delhi, Gurugram, Pune, Chennai, Mumbai, Jaipur, and Hyderabad are among the cities where it currently operates. Dunzo is useful for people who don’t want to go out or can’t go out for some reason but still need to buy or deliver something. It’s ideal for the time period we’re in right now.
Kabeer Biswas, the startup’s founder, became bored after only six months in Bengaluru. He decided to try out an unique business concept based on a to-do list that completes itself. Dunzo was founded on this concept. Dunzo’s headquarters became his modest room in a duplex. Kabeer quickly began running errands for people on motorcycles and making deliveries on his own with people sending him messages on WhatsApp. He then engaged a few part-time individuals from an NGO to assist him with this endeavour. In June 2015, this team accomplished 70 deliveries in a single day. Dunzo’s popularity soared as a result, and the business obtained its first substantial investment just three months later. In 2016, the WhatsApp-based company and service were turned into an app due to increased demand. Other co-founders stepped in and helped the Dunzo app become a tremendous hit.
Automotive Startup Companies In Bangalore
Zoomcar
Photo by Ivano Antico on PNGITEM
Founders: Greg Moran & David Back
Founded: 2012
Headquarter: Bangalore
Estimated annual revenue: $39M
With the debut of car-sharing services in 2012, Zoomcar enjoys the distinction of being India’s first personal mobility platform. It is now the market leader in the personal mobility area, with over 10,000 vehicles in its fleet, and plans to add another 50,000 vehicles by the end of the fiscal year, according to a report released in March 2020. Zoomcar allows users to rent automobiles by the hour, day, week, or month, with a major emphasis on the mobile experience. Zoomcar is embracing technologies such as AI and IoT to provide an excellent experience to its clients as a result of the pandemic driving operations to go totally digital. It also incorporates a keyless access system that reduces human interaction and virus transmission. Before and after each drive, each car is completely sanitised. Zoomcar has adjusted its mobile app with deep-rooted technology models to allow users to reach out at any moment in case of a query via emails, messages, and chatbots.
Greg, one of Zoomcar’s co-founders, has long been concerned about sustainability and shared economic growth approaches. He saw firsthand the prospects in working for ecologically sustainable solutions in India while working for an investment bank in the clean technology and infrastructure disciplines. His further research indicated urban mobility issues, including a lack of infrastructure to buffer the increase in personal vehicles. Greg founded Zoomcar after recognising the toll it was taking on India’s environment and the unavailability of a self-drive vehicle. India has always piqued his interest as a market. As a fast-growing economy, it offers entrepreneurs incredible opportunity to not only scale up their businesses but also make a positive social effect through distinctive, often tech-enabled service offerings.
YULU
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Founders: Amit Gupta, Naveen Dhachuri, RK Misra, Hemant Gupta
Founded: 2017
Headquarter: Bangalore
Estimated annual revenue: $1.27M
YULU is a digital mobility platform that enables Integrated Urban Mobility across public and private transportation modes. YULU provides seamless, shared, and sustainable first and last mile connectivity using Micro Mobility Vehicles (MMV) and a user-friendly smartphone app. The platform is simple, reliable, and scalable, and it supports various vehicles and has a single data type. Yulu combines Internet of Things (IoT), machine learning and artificial intelligence (AI), and cloud computing to provide a seamless experience through a user-friendly app. This startup dockless vehicles can be rented on a pay-per-use basis using IoT as the backbone of the operation. The iOS or Android app may be used to book a ride, and the smart bikes can be accessed via QR codes. Yulu offers citizens environmentally friendly automobiles as a cost-effective and scalable first- and last-mile transportation option. Their vehicles are built for shared micromobility in India, taking into account the country’s climate and traffic conditions.
The founders were concerned about traffic congestion and air pollution, so they established Yulu with the goal of resolving urban mobility challenges and addressing rising air pollution and traffic congestion. It is the country’s sole micro-mobility startup offering swappable battery options for electric vehicles. They’ve gone on a path that includes anything from innovative battery charging stations to building various ML/AI models, IoT devices, and more. Using its unique and smart cars, the YULU team has established a technology platform centred on micro-mobility and is harnessing technology to solve difficult urban mobility problems.
Ather Energy
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Photo by Crunchbase
Founders: Tarun Mehta, Swapnil Jain
Founded: 2013
Headquarter: Bangalore
Estimated annual revenue: $10.7M
Ather Energy is an Indian startup, located in Bangalore, that focuses on designing and selling luxury electric two-wheelers. By creating high-performance, low-maintenance, and smart electric vehicles, Ather hopes to shift people’s minds about electric vehicles. To provide clients with a comprehensive ownership experience, they own and run their own experience centres. At the moment, the company produces two scooter models: the 450 Plus and the 450X. They’ve also launched AtherGrid, an electric vehicle charging network. Electric vehicles, according to Ather Energy’s customers, will alter urban commutes in the future. They prefer to purchase a car that was designed from the ground up, provides an unrivalled ride, and is powered by intelligence.
Ather began its voyage at the Indian Institute of Technology-Madras Research Park in October 2013. Mehta and co-founder, Swapnil, had set out to create India’s first smart e – scooter. Flipkart’s founders put up $1 million as startup financing in December 2014. They reported positive feelings toward the corporation and a preference for fuel-efficient vehicles. In January 2020, the startup released two additional items to its portfolio: the Ather 450X and the Ather 450 Plus. The Ather 450X is a high-end electric scooter designed by Ather from the ground up. The Ather 450X has been deliberately created to revolutionise the two-wheeler riding experience in India. It is a step above the Ather 450 in terms of features and performance.
Get My Parking
Photo by Pau Mallia on KindPNG
Founders: Rasik Pansare, Chirag Jain
Founded: 2015
Headquarter: Bangalore
Estimated annual revenue: $1.8M
Get My Parking is a developer of an Interoperable Smart Parking Platform that brings together all parking and mobility stakeholders that were previously operating in silos on a single platform. It is made up of a group of innovators with a clear goal of digitising the parking industry internationally. Chirag Jain and Rasik Pansare established Get My Parking (GMP) in 2015 with the goal of making every parking transaction a sub-conscious encounter. It is building a future-proof platform to link the parking industry internally as well as with urban mobility stakeholders, based on a strong foundation of team, technology, and relationships.
Billions of dollars have been invested in the mobility business to make automobiles linked and’smart,’ but not in parking, according to the founders. It has remained a mostly unstructured and unnoticed sector. Traditional parking equipment continues to work in silos. This is what inspired Chirag to develop an idea that combines parking with mobility. Chirag had also worked in the automobile industry, which was extremely important. He then met with Rasik Pansare and began working on the project as a test. By July 2015, they were confident enough in the early results to commit full-time to the business and officially launch Get My Parking (GMP).
Ezyhaul
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Founders: Mudasar Mohamed, Raymond Gillon, and Nicky Lum
Founded: 2016
Headquarter: Bangalore
Estimated annual revenue: $7.5M
Ezyhaul is a modern-day digital broker that addresses three major logistics issues: scalability, professionalism, and analytics. Clients can book domestic and cross-border transportation services online through their platform. This app accepts cargo, maximises vehicle use, and reduces empty backhauls. In addition, the platform gives real-time visibility and access to e-documentation, invoicing, and e-PODs (proof of delivery). Ezyhaul also just released an upgraded control tower that uses complex algorithms to monitor truck movements, generate intelligent exception notifications, and predict approximate arrival times for shipments.
When two of the co-founders were working in the United States, they noticed that the concept of brokers is highly popular in the transportation business. At the same time, digital platforms such as Uber were altering the demand-supply dynamics in the transportation arena. With this knowledge, the co-founders recognised an opportunity to re-engineer the traditional broker model and connect demand and supply using new technologies. The founders sought feedback from numerous leaders in the logistics business to revalidate the concept. The response they received from supply and chain leaders was very positive, with almost all of them pushing the co-founders to go for it. Five of them became early investors, and Ezyhaul was able to secure $800,000 from angel investors, allowing them to expand their company activities in Malaysia for a year and a half.
Conclusion
These are the startup companies that our team identified after conducting research. We hope that this article reaches you and inspires you to be more entrepreneurial. Everything has to begin somewhere, so why not begin here?
