10 Best Innovative Startups in India – 2022

APRIL 2022

Swift L ft Swift the solution, Lift the business!

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Building a startup culture Dominant Startup sectors in India

10 BEST

Innovative Startups in India 2022

The Internet Revolution

Vikash Manoaharan CEO

tour On

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From the

EDITOR I

nnovations at the core help you lead the race of the future. Traditional business models have become outdated. It restricts restructuring & acceptance of the change in the market.

Affordable internet service has provided an edge to the organizations that accepted the change in the commerce industry.

Startup entrepreneurs, especially tech startups, brought disruptive models to the market. They displayed possibilities to the skilled youth.

Thinking out of the box at a multi-national company is not as rewarding as it benefits in a startup. Several ideas pop up once we get interested in any particular field or industry.

Startups are problem solvers. They take up the challenge of covering a loophole that has been in the market for a long time.

Entrepreneurs look at the activities in a different way. They are not like one who has to follow a particular process to achieve the desired goal. Is it clear to them how long they are aiming? Yes, of course, innovative entrepreneurs look for all the possible ways that can create an impact on the industry, public & society.

Research & Development is the most crucial part when it comes to innovation. It requires a large amount of cash investment along with time. Industries such as Education, Finance, Healthcare & Pharmaceuticals, Transportation, etc., are a few sectors that have received positive responses from the innovative startups to make it available to every corner.

impact created amongst the public matters to them most.

Wealth generation is not the primary goal of innovative startup ideas. Every entrepreneur has an independent target.

Introducing a tech-driven product or service that could improve lives and encourage young aspirational minds to think creatively is the main moto behind a startup. It’s a never-ending cycle as we keep striving for excellence & exploring the better outcome from what we have.

SwiftNLift focuses on spot-lighting firms and startups that contribute to shaping lives better with their intention to make our society a better place. It was a collective effort made by our team to bring this edition. As the Chief Editor, I am grateful to have you as our reader. I hope you enjoy reading this piece of our efforts. We have other sections filled with trusted and resourceful knowledge & information to garner your reading habit.

In our edition of “10 Best Innovative Startups in India - 2022” on the cover page, we have Vikash Manoharan, CEO of tour On. The company has the most unique business model that lets you travel to the destination you love.

Target-specific goals are easy to reach.

Innovative entrepreneurs have an attitude of ‘never settle for less.’ Taking risks is the only way to satisfy the thirst for creating a difference. Measuring success by earnings is not the only measurement tool for them. The

- Nilesh Sabe Nilesh Sabe Chief Editor

Cover Story

tour On

10 Articles

24 Building a Stratup Culture

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Dominant Startup Sectors in India

40

The Internet Revolution

Profiles 18

20

22

CashFlo

indiagold

Kama Ayurveda

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28 WEGoT Utility

30 Shadowfax

1K Kirana Bazaar

34

Disprz

Solutions Pvt. Ltd.

Technologies Pvt. Ltd.

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38

CoinDCX

Rapido Bike taxi

10 BEST

Innovative Startups in India 2022

tour On

Vikash Manoaharan CEO

tour On L

ife is all about exploration. Very few take it seriously. When was the last time you went on a trip to the destination you wanted to? Of course, Chinas’ vigilant behaviour put a staggering halt on the tourism sector for a long time. Travel with restrictions was not enjoyable.

After a long time, governments uplifted a few restrictions at tourist spots. But still, people were not confident to go out with unknown individuals in the group. There was a gap in the market where the public was searching for a reliable alternative partner that would help them visit their favourite destinations with their own choice. tour On, is one of India’s most unique startups from the hospitality industry, bridging the gap for many. They have some unique strategies and services that will make you go out for a vacation that is planned according to your choice.

How did the journey of tour On kicked-off?

A fascination for business since childhood wanted to create something on my own. After many hits and misses, I felt the travel market was pretty much untapped in India. Not well organised.

I wanted to change the traveller’s mindset and attitude toward the travel market in India.

With this idea, I started a travel company to cater to travellers, something that no other company does in India - tailor-made travel plans.

About the founder A travel enthusiast & passion for commencing his own business inspired Vikash Manoharan to establish tour On. He has completed graduation in engineering and belongs to the IT background. Vikash has experience of working in a couple of well-known IT companies before establishing tour On.

Vision & Mission ■ Sustainable tourism ■ Educate travellers to travel with sensitivity to different destinations.

■ Change the way people travel in this country.

The team building If you have the right person at the right job, there are fewer chances of losing your clients and customers.

While selecting team members, Vikash put forward these aspects: ■ Started with a small team that did everything

■ Family-like bonding between the team members ■ Jovial with clients and gels well with them ■ Giving employees flexibility - creativity, expressiveness, opinions being-heard, and decision-making ■ Understanding personal and work-life balance ■ Giving them personal space to grow as individuals ■ Team strength is not in numbers but their connection and the quality of output.

This contributed in building a team that satisfied client requirements, as well as helped the company, grow.

The funding It’s not an easy task to commence a startup in the hospitality industry that requires a high amount of expenses initially. Whether you just provide a tour package or have lodging services, there are multi-level expenses from marketing to nourishing the best industry service.

Unique about tour On Travelling is fun when you have complete freedom of exploration. tour On is the best-in-class tour planner as it has a young & energetic team in action. Being a startup, they have made a significant impact, by introducing no prior package. Customised/tailor-made tour plans help the travellers finalise the travel destination they want. tour On makes sure there is no interruption to your holiday due to any reason. They create a travel report which covers: weather reports, local cuisine, a list of attractions etc. Even travel tips are provided depending on the destination. tour On keeps its digital presence on high priority by staying active on its Website, Mobile Application, Instagram, etc. tour On took an eco-friendly initiative by giving seed balls to travellers. It started on Women’s Day 2021.

When it comes to internal environment of the company, tour On keeps the workflow free. Employees have the freedom to express their opinions & ideas to showcase creativity. Flexible working hours are granted to make the work & employees efficient. Offices are placed inside Co-working bubbles in prime locations in the city, where amenities and infrastructure are ample and conducive for work.

List of Domestic & International trips tour On can take you to any place in the world. ☐ Current list of international destinations open for Indians: Dubai, Maldives, Seychelles, Mauritius, Sri Lanka, France, Switzerland, The Netherlands, Spain, Italy, Greece, Turkey, South Africa, etc. ☐ Most Popular Domestic destinations that our travellers go to: Kashmir, Himachal Pradesh, Rajasthan, Kerala, Coorg, Andaman, Sikkim, Meghalaya, Delhi-Agra-Jaipur (the golden triangle) etc.

Customised trips with tour On Our tours are ‘customised’ by the choices and preferences of the travellers. It is their tour, after all!

■ We make sure they get the best stays and arrange private transportation to their choice of sightseeing locations ■ If a traveller wants to travel only to perform adventure activities at a destination, we can put together a perfect tour plan for their tastes.

■ Or, if they are a history buff and would like to visit forts and museums at a destination, which can be planned to perfection, too!

■ Our team of experts are always at the back and call of the travellers and hence customisation happens seamlessly

About Gaia Every traveller and explorer enjoy visiting places that are least visited or have an interesting fact to explore. Nowadays, people prefer to get information on the destination they are curious to visit from the internet. tour On has the proper tool for this demand.

Gaia is their smart destination exploration partner, which displays information on popular tourist destinations. While speaking about Gaia, Vikash said: ☐ Gaia is our interactive widget. She’s the rainmaker on our website! ☐ We spent years perfecting her by feeding her location information for numerous locations around the world ☐ We’re proud of Gaia! She’s our jewel

Shift in post covid19 pandemic era ☐ Private tours have more traction now ☐ Small groups thrive over larger groups. Better to manage and lesser interactions, thus ensuring a lesser transmission rate (if any!) ☐ Tourism came out dead-beat after the pandemic. ☐ Especially, Small businesses had it tough. ☐ But travel seems to be back on everyone’s agendas now. Travel is picking up pace gradually. The era of Revenge tourism

Plan to expand services We have in mind a few different verticals to diversify into: ☐ Make our presence felt in different cities in India (BLR, HYD etc) ☐ Catering to tour plans to off-beat destinations that aren’t in the current market (e.g. Bora Bora, Fiji islands, Reunion Islands etc.) ☐ Destination Weddings and events

Customised tours that make your holiday worth remembering

☐ Year of Founding: 2018 ☐ Founding Members: Vikash Manoharan ☐ Office Locations: Anna nagar, Chennai ☐ Company Strength: 10 employees ☐ Website: www.touron.in

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CASHFLO

ashflo is India’s first platform that meets the overall needs of a modern corporate finance function while optimizing its working capital and treasury returns, while also providing better control, lower risk, and improved productivity. With a legacy of 25 years and capital disbursement of over 15000 crores, serving over 50+ large corporate organizations and 50,000+ suppliers in over 10 sectors, we understand the unique challenges that Indian business faces on a day-to-day basis. face daily.

Their vendors are usually cash crunched, so this is a much-needed solution for them. They love the ease of using the platform and get access to funding at a rate of their choice. The rapid influx of cashflo’s to the market has ensured that most of their vendors are covered under this program within 2 months. They are looking forward to extending this program to other areas as well.

Why Cashflo?

Cashflo is the repeat winner of one of the most prestigious Supply Chain Finance Awards in India co-organized ☐ Personalized Rates: The single rate may be too low

by NASSCOM. Cashflo was awarded the Supply Chain for some, too high for others. Cashflo’s award-winning Finance Solution of the Year, 2020, for its continued intelligent pricing engine maximizes participation excellence in supply chain finance. Cashflo won the same in your supplier base while also increasing award in 2019 as well. profits for you. ☐ Unmatched funding flexibility: Buyers can deploy as many Treasury funds as they want, whenever they want. Cashflo provides buyers the convenience of using external funds as a backup to Treasury funds and availing of EBITDA benefits. ☐ No Need To Talk: No draw-out rate negotiations with suppliers. Suppliers set their lending rate, you set your target rate of return. Cashflo’s AI matches supply and demand for the benefit of all. ☐ Automation: All transactions for both buyers and suppliers are handled through the automated CashFlo platform. No manual or offline attempts at email. The result – is an effort-free, error-free process.

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What do they do?

Conclusion

Cashflo is on a mission to bridge the 20 lakh crore ☐ Dynamic Seller Financing: Raise the bottom line by credit divide in the economy, And leading organizations up to 3% using Treasury surplus or use lenders to pay of India are joining us to support this mission and sellers early without impacting due days. contribute materially to the development of India. ☐ Payment and collection automation: Automated invoicing for payment processes, approval workflows, and reconciliation, freeing up bandwidth to focus on high value-added initiatives.

Website- https://cashflo.io/

☐ Channel Financing: Provide financing through the entire spectrum of lenders to dealers, distributors, and retailers on a single platform.

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10 BEST

Innovative Startups in India 2022

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ndiaGold has created a product and technology platform that enables regulated entities to launch or develop their asset-backed products across geographies; without investing in operations, technology, people, or taking any valuation, storage or transit risk. Their use of deep-tech is changing how assetbacked loans are traditionally done. Some examples of their innovations are - Lending on Digital Gold, 100% paperless/digital loan onboarding process, Computer Vision to test the purity of the gold as opposed to manual testing, Auto-scheduling of Foot-on-street, Customer Self- Model to expand onboarding, Gold Locker TAM and launch Zero-Touch Gold Loan, Zero Network Business App and many more.

They are a rapidly growing team enthusiastic to solve the great challenges surrounding financial wellness. They are a fast-growing organization with strong opportunities in Sales, Business Development, Partnership, Sales Operations, Credit, Pricing, Customer Service, Business Product, Design, Product, Engineering, People, and Finance across multiple cities. They value the right qualifications and attitude compared to previous experience in the respective role, so feel free to contact us if you think we might be a good fit for each other.

Their Products: ☐ Gold loan

Indiagold connectivity to the need for physical branches. At IndiaGold, they are building a full-stack solution with on-the-ground execution to digitize these interactions.

Just like what Uber did with taxis! They combine prudent asset-liability management and credit cost discipline with advanced algorithmic and app-based operations to enhance operational efficiencies for their banking partners.

At IndiaGold, they offer you the following benefits with the lowest interest rates, Per gram plus, no processing fee, quick release guarantee, loan against home service, and minimal documentation.

■ Loan Request ■ Get Doorstep Service ■ Money Is Transferred Instantly ■ Gold Kept In Bank Safes ■ Gold Is Given To You For Free

Why is Gold Loan better than a Personal Loan?

From time to time, everyone is faced with situations in which they question their life decisions. And, when it comes to important financial decisions, even the slightest mistake in choices can result in serious financial setbacks. If you have already taken a personal loan with

☐ Locker service ☐ Digital gold and gold on EMI ☐ Gold loan calculator Globally, banking is witnessing a wave of digitization. However, many banking products like gold loans and lockers require physical

Deepak Abbot & Nitin Misra, Co-Founder 20

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higher interest charges and better options have emerged, Conclusion then there is no need to worry as many NBFCs (NonIndiaGold mission is to help their fellow citizens build Banking Financial Companies) and banks now offer the a more predictable and secure future by effectively option of a personal loan balance transfer. monetizing their wealth.

Trusted by 20 Lakh Indians For Doorstep Gold Loans, Doorstep Locker, Gold Savings & Investment Get India’s most trusted GOLD APP Website- https://indiagold.co/ APRIL 2022

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10 BEST

Innovative Startups in India 2022

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Kama Ayurveda

ama Ayurveda was launched in 2002 with a range of nine Ayurvedic treatments, developed in partnership with 75-year-old Arya Vaidya Pharmacy in Coimbatore, Tamil Nadu. These remedies have been developed to help treat existing skin and hair concerns, and prevent future ones – effective, authentic, time-tested, and balanced. They wanted to share this wealth of knowledge with the rest of the world, that’s why the co-founders reach out to South India, the land of authentic Ayurvedic wellness solutions. This was the beginning of Kama Ayurveda, which brought the desire for beauty through the Kama. The Hindu god of desire, through the lens of Ayurveda, is the science of life.

Their products are kind to the planet Their devotion to helping revive the 5,000-year-old medical science of Ayurveda began with sourcing botanicals and natural ingredients sustainably and authentically. The forest communities, small-scale farmers, and artisans with whom we work are in sync with their environment. They support sustainable and eco-friendly initiatives, promoting and spreading the messages of recycling and responsible consumption.

They have incorporated waste management solutions, rainwater harvesting, and catalytic power through solar panels. The factory has become a permanent living and production place for the people who work there – kind At the end of each year, their additional product to the planet and people. Even their product packaging inventory is gifted to several charitable organizations is now made from recycled plastics, making it postsuch as Ila Trust, Goonj, Father Agnel Bal-Bhavan, consumer resin (PCR) packaging – minimizing the Mitra Trust, and many more. impact on landfills. Their goal is to go above and beyond to make every aspect of Kama Ayurveda sustainable and environmentally conscious.

They are against animal testing and animal cruelty and have received PETA certification as recognition for this. No pretreatment, no contaminants, and no dilution.

Their product quality: Kama Ayurveda uses authentic, complex balanced Ayurvedic formulations without harmful chemicals like Sulphates, Parabens, Artificial Fragrances, GMOs, Petrochemicals/ Mineral Oils, etc. their products are clean, ensuring that they are kinder to your skin than products with harmful ingredients. They prioritize long-term

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efficacy and well-being over short-term temporary the recycling and reuse of flowers, and the Hum Prabhat results that can damage the skin. They have received initiative in a different way Support - Capable people. several certifications in recognition of their care for the environment, including the Cosmos Organic Label.

They work with Prabhat, an NGO dedicated to the educational and vocational empowerment of children and young adults with disabilities. Every year Kama Ayurveda partners with Prabhat to promote a skinsafe Holi (Indian festival of colors) by supporting their Avakayam (Sanskrit for collecting flowers) program.

This program produces 100% natural, chemical-free dyes by recycling unused and discarded temple flowers.

The flowers are collected by persons with disabilities and processed and packed by hand. It reflects all 3 aspects of the work’s goal - the colors are kind to the skin and 100% natural, the initiative is kind to the planet through

Conclusion

They work with communities that collect many of their ingredients sustainably from the wild - the ultimate in organic production. They are proud to give back and support the people and communities around them.

Such as through their association with Prabhat, an NGO that helps various able-bodied individuals work.

Website- https://www.kamaayurveda.com/

Range of authentic Ayurvedic cosmetics to enhance the beauty & wellness of your skin

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Building a Startup Culture

S

tartup culture refers to sharing of values and thoughts that decide how people work.

It differs from corporate culture. It is a new type of work environment that arise to overcome the barriers to growth. It signifies the particular personalities of the team member. The best startup culture is one that considers the value of people, employees and customers first. Open communication, free lowing creativity, and, yes, perks like wellness stipends, flexible work hours, and child care services are all examples of this approach. A healthy environment impacts the work and also affects the life of the person.

If the work culture is friendly, definitely it will return more in terms of work inputs. The CEO or founder of the company is responsible for building a startup culture.

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Need for startup culture You should be familiar with the startup culture if you intend to turn your idea into a business.

Work culture directly affects the productivity of the business. If the startup culture is not planned before business development, it can result in a variety of issues such as selecting incompetent candidates, a lack of credibility, and a hostile work atmosphere. To overcome these challenges, business owners should consider how their employees should be evaluated.

Startup culture may lead to: ☐ Connect with the people that can introduce new values/ideas that may aid in the expansion of the firm.

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☐ Preserve mankind - This can be accomplished Continuous monitoring of the culture through sharing workload, giving respect Regular assessment of the culture is good practice to an employee and caring for employees to sustain. When a new member visits your and customers. company may be new to your core values and that ☐ A fearless climate that promotes work efficiency person may have different values. So it is your job and it leads to the overall growth of the company. to monitor the values continuously and do the corrections as per need.

How to build startup culture?

Be

conscious

of

building

your

Setting a startup culture in addition to establishing a goal and strategy is a beneficial factor in growing company’s startup culture and maintaining a business in the market. The The thoughtfulness, kindness and consistent following are the essential phases in setting a approach to making the company culture, makes the difference. Remember the culture integrates the startup culture. core value. Expand your business with continuous working on company culture.

Establish your essential values

The values must be one-of-a-kind. Spend some time defining your basic principles. Your objective, Features of Startup Culture ethics, employee behavior, and customer service The key features of the Startup Culture are are all variables to consider while establishing the as follows: company’s core principles.

■ Passion

Follow the core value

■ Personality ■ Agility

The core value should implement from the start. ■ Authenticity All operations in the company should be functional as per the core values designed by the leader or owner of the company. It is the job of HR to Conclusion monitor the work environment as per values.

Building a startup culture is a crucial parameter An employee must maintain the core values of any business. A remarkeble startup culture of the company. should instill a sense of pride in one’s work, allow information and knowledge to flow freely, and foster respect for each individual’s Start with inclusiveness identity and work style. To grow and expand When running a business, it is critical your business, you must have a startup to have an inclusive mindset. culture at your company.

Diversification is a way for long term viability. As a business

- Varada Ukidave owner, you must consider various factors such as business development, competition work strategy, current market requirements, and staff perspectives.

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10 BEST

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reating India’s first technology-driven modern grocery chain for small towns.

1K Kirana Bazaar network stores will be powered by the right mix of technology and consumer data. Their franchise store is called “1K Grocery Bazaar” or “1K” for short. The founding team of 1K Grocery Bazaar has had a longstanding relationship since 2012. Sangeetesh and Abhishek were classmates at IIM Ahmedabad, while Sangeetesh and Sachin worked together at Blackbuck. Re-imagining offline commerce with an online experience for Tier 2+ cities in India.

1K Kirana Bazaar What They Offer 1K Kirana Bazaar organizes the non-urban retail ecosystem by aggregating groceries and helping them to meet consumer aspirations. ☐ Attractive And Money-Saving: They aim to make grocery shopping an engaging and money-saving activity instead of a daily household chore. ☐ Attractive Product Selection: They provide attractive product selection, attractive offers, and the convenience of getting groceries at home.

They aim to revolutionize the grocery shopping experience for the non-urban population of India.

They aim to create a seamless flow of goods from ☐ modern shopping experience: They bring the brands to consumers and bridge the gaps in the modern shopping experience to a non-urban traditional distribution system with the help of consumer instead of taking the consumer to their in-house technology-enabled platforms. modern urban markets.

They are driven by their values which are the most important pillars of their foundation.

Their core values

☐ Employee First: Their employees are the backbone of their company and therefore before taking any decision, they consider how this decision will enrich the lives of their employees.

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Anilesh Yadav Co-Founder

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☐ The Customer Is Always Right: Customer satisfaction is their ultimate motto. Their policies are designed in such a way that every customer is pleased whenever they associate with 1K. ☐ Trust Each Other: Not only employees but the entire 1K ecosystem i.e. customers, business partners, and employees have sprouted from the very beginning. ☐ Listen First, Respond Later: At every level, they focus more on accepting ideas than on preaching. They listen to their customers, business partners, and employees before taking any action. ☐ Honor Time: As they say, time is the most important resource that one has in this life. They do not intend to waste that resource for anyone belonging to the 1K ecosystem.

Conclusion If you are a consumer then download their 1K Grocery App. Get exciting offers and find local products at the nearest grocery store. Get attractive product selection, attractive offers, and the convenience of getting groceries delivered at home.

Websitehttps://www.1knetworks.com/

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10 BEST

Innovative Startups in India 2022

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WEGoT Utility Solutions Pvt. Ltd.

EGoT’s smart water meters help you manage water consumption and quality in real-time with utmost ease.

Their innovative solution for real-time water management puts the control in your hands by providing a bird’s eye view of the entire water distribution system from source to use. Save water by taking timely action. Their app enables you to effectively monitor, control, and modify your water consumption based on user insights. Their simple yet futuristic metering system is for everyone from single homes to multi-unit apartments and commercial complexes.

Your day is responsible for urban living begins with the holy trinity of resources - water, electricity, and gas. WEGoT has developed a convenient platform that integrates all 3 resources and helps each household to measure, manage and protect these vital resources at their fingertips.

While the world is already facing water scarcity issues, reducing water consumption is the only way to tackle the ever-increasing water crisis.

Mechanical metering of water consumption has been widely followed, but is the water consumption information from mechanical meters accurate?

There is a vast difference between a mechanical water meter and an IoT-based smart water sensor.

IoT sensors provide users with a wide range of functions using advanced technology that solves the problems of traditional meters and the pursuit of sustainability. As a result, examples have shown an impact on water savings in various communities, benefiting users with a dramatic reduction in water use.

This proves that the technology has the potential to reduce large amounts of water wastage and personal spending on water, and achieve the vision of creating a world with enough water when widely used.

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How does WEGoT Aqua work?

☐ Inspire Your Teammates: Inspire others to save more with their report on the topwater Sensors in a branch line of plumbing verticals are conservationists and consumers. connected in a series loop to a LoRa duct unit, which relays data to the cloud. From the cloud, data is sent to mobile and web apps, providing Conclusion users with actionable information.

WEGoT values they’re at WEGoT take pride in their work and they strongly believe that it is WEGoT Aqua Cloud is building because of its people and values. They provide you a sustainable and responsible with real-time data about the water you’ve signed up for and tools to save money by preventing water community: wastage regularly. ☐ Track Water Supply: Track supplies from various sources including a municipal corporation, tanker lorry, and borewell.

Website- https://www.wegot.in/

☐ Monitor As A Community: Get a bird’s eye view of consumption levels across the entire property - individual apartments, clubhouses, irrigation.

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erived from the mythical creature of the “Lord of the Rings”, the Shadowfax is named after the “Lord of All Horses” who, like our reliable and agile logistic offerings, embodies monumental speed and communication. Shadowfax is the largest on-demand tech-backed gig marketplace that helps businesses outsource last-mile activities. Shadowfax employs ML and AI to offer supply that keeps pace with demand in a rapidly growing and highly fragmented hyperlocal distribution ecosystem and ensures an amazing end-user experience.

Shadowfax Technologies Pvt. Ltd. growth by empowering delivery partners to access multiple opportunities through a single platform.

Their core values ☐ Customer-centric: Fostering strong bonds and providing an excellent customer experience are the hallmarks of their services. The customer is at the heart of their business ecosystem.

☐ Innovation: A never-ending range of original ideas designed to revolutionize the industrial landscape The Shadowfax app has over two million downloads through robust logistic solutions. and is designed to be an immersive platform for ☐ Empathy: Their strongest tool in the business delivery and an app that works across multiple toolbox, empathy enables them to anticipate the platforms. The app is used as a channel for guaranteed needs, fears, and pain points of others and make a earning on many e-com and hyperlocal platforms. genuine effort to address them.

Shadowfax continues to grow its area of operations by expanding into the e-commerce and hyperlocal ☐ Integrity: Driven by integrity and driven by strong ethics, India’s most trusted logistics brand values segments and entering new growth areas such as ethics more than anything else. grocery delivery.

Shadowfax has extremely friendly people and partnership policies designed to be highly empathetic and always looking for ways to improve riders’ lives and the appeal of delivery and other blue-collar jobs as lucrative career options changes. Working with the Shadowfax platform ensures a high degree of flexibility and independence as well as strong earning potential with financial support services such as loans, and insurance.

In October 2021, Shadowfax launched India’s first Delivery SuperApp, to accelerate its

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Abhishek Bansal Co-Founder & CEO

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Industries They Work With: ■ Food ■ Pharma ■ Ecommerce ■ Groceries ■ Apparels

route and fleet management system help facilitate route optimization, the best way of travel, co-loader type, and schedule at the shipment level. ☐ Ease of Reverse Pickup: They employ their superior technology in a reverse pickup, providing seamless and affordable API-based quality checks with 100% visibility at the customer’s doorstep and hub, as well as exchange logistics services with complete QC optimization - Specially designed for businesses.

☐ API-Powered Live Tracking of Orders And Shipments: Their powerhouse of unique APIs is ensuring seamless live tracking of orders and ☐ Demand Forecasting: Their powerhouse of APIshipments across the entire delivery life cycle with powered integration is built by innovators looking to quality checks and POD updates, paving the way build reliable solutions. These work as an effective slot for reliable, end-to-end logistics across multiple system creating a seamless and foolproof ecosystem channels Happening. to automatically match supply with demand, thereby benefiting their customers, and riders, resulting in happy customers.

Their Innovation:

☐ Efficient wrong route solution: The correction of misrouting incidents through their rapid and automated detection, calculation, and seamless technical alignment has transformed the shipment traceability and efficiency of the logistics chain. ☐ Swift Navigation with Route Customization: They ensure that speed and reliability go hand in hand with all their solutions. Their intelligent in-house

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Conclusion

They are Enabling commerce by empowering lives for everyone, everywhere. Their goal is to build the fastest and most reliable logistics network by empowering a million micro-entrepreneurs through technology to deliver anything, anywhere.

Website- https://www.shadowfax.in/

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Dominant Startup Sectors in India

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ndian economy is growing at high speed. India has the third-largest startup ecosystem in the world while being the world’s sixth-largest economy. Despite the epidemic hitting in 2020, the ecology is thriving. According to the report, 2021 would be a watershed moment for Indian businesses going public.

Dominant startup sectors

Major startup sectors in India are: ■ Healthcare Industry ■ Fintech Industry ■ Agritech Industry

■ HR Tech Industry According to a report by Orios Venture Partners, Indian entrepreneurs raised $42 billion in 2021, ■ SaaS Industry up from $11.5 billion the previous year. According to the ‘The Indian Tech Unicorn Report 2021,’ Healthcare Industry India will have 46 unicorns (businesses valued at $1 billion) in 2021, more than tripling the overall It is one of the largest sectors in revenue generation as well as employment generation. When it number to 90. comes to industrial growth. The healthcare industry is increasing at a compound annual 32

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growth rate (CAGR) of 16–17 percent. There are still opportunities in this field. By 2025, India’s government intends to expand public health spending to 2.5 percent of the country’s GDP. By 2027, healthcare’s percentage of GDP is predicted to climb to 19.7%. In both urban and rural India, there are several chances to invest in healthcare infrastructure. By 2022, the hospital industry is expected to be worth $372 billion.

SaaS (Software as a service) Industry In India, there is a continuous growth of many MSMEs (micro, small and medium enterprises) and they are adopting software services.

According to analysts, the SaaS business in India is predicted to develop at a rate of 36 percent per year. Technological developments allow for the manufacture of products at a cheaper cost and with greater flexibility, which is the perfect recipe for long-term success.

Fintech Industry Demonetization and the digital revolution Most challenging Startup sectors accelerate the growth of the fintech sector in India.

The most challenging sectors are as follows: Companies that provide Wealth Management, Digital Lending, and Digital Payment services ■ Edtech industry make up the fintech industry.

■ Retail Tech industry Due to government initiation for digital ■ Pharma & Healthcare Industry transformation, with an adoption rate of 87%, ■ Fintech Industry India has emerged as a Fintech Industry Leader.

By 2023, digital payments are predicted to expand ■ OTT Platforms at a CAGR of 20%.

Agritech Industry

Conclusion This article is an overview of the dominant startup culture in India. The dominant sectors also have the great opportunities and growth in the future as well. Government of India also promotes the startup by providing subsidiaries and through various developmental schemes.

Agritech sector is related to various sectors like Supply chain tech and output market linkages, financial Services, precision agriculture and farm management, Quality management and traceability and market linkages -farm inputs. Currently, there

are 500 agritech startups in India.

India’s agriculture sector (including linked business - Varada Ukidave sectors) employs almost half of the country’s population and accounts for nearly 15% of the country’s GDP. However, there are a number of issues across the conventional agriculture value chain. These issues can be overcome by using technology in agriculture (agritech), which will result in growth in this sector during the next decade.

HR Tech Industry The growth of any company depends on the productivity of its employees. In order to sustain the business, the company has to hire the right people for development. And that is the reason for increasing the HR tech industry in India.

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10 BEST

Innovative Startups in India 2022

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isprz is an AI-powered right skilling suite that helps enterprises unlock business potential by enabling organization-wide skilling. They leverage the power of Artificial Intelligence, Cloud, and Mobile to help organizations identify and benchmark themselves against the trending skills required in their industry, creating effective learning pathways to bridge the skill gap and efficiencies Learning can be adopted to facilitate construction. Their ultimate goal is to empower CXOs to drive the right potential and create business impact - whether it’s higher sales, superior customer service, impactful leadership, or digital transformation.

Their capacity-building platform empowers 120+ leading organizations such as Amazon, Airtel, Bajaj Allianz, Chaayos, Mahindra Rise, and Tata Motors to

Disprz name a few. 750 K+ learners across various profiles, including frontline workers and knowledge workers in India, Southeast Asia, and the Middle East, leverage the platform to enhance skills and productivity.

Disprz has been recognized as a minicorn by Traxon in the ‘Emerging Startups 2021: Top Corporate Learning’ list. Disprz is also the winner of Atmanirbhar Bharat Innovation Challenge 2020, where it was adjudged the best e-learning app among over 1062 contenders in the Prime Minister’s radio address in the e-learning category.

What do they offer? ☐ Skill Stack: Right-skilling with their complete suite. ☐ learning experience platform: Making learning AIpowered and personalized. ☐ Subject: Growing stock with 10 million learning assets. ☐

LMS+: Introducing a feature-rich mobile-first learning platform

Their Solution ☐ Role-Based Skills Benchmarking: Use the data to find trending skills. Know and drive the skills you should be focusing on now for your organization.

Subramnian Vishwanathan Co-Founder & CEO 34

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☐ Business Performance Skills: Stay ahead of the skill velocity curve. You can track and improve your team’s skill readiness with personalized learning experiences.

Conclusion

Disprz is focused on empowering employees and when it comes to their culture, it is no different. Their goal is to give you the inspiration, freedom, and resources you ☐ Low-Touch High-Scale Onboarding: Accelerate need to create, innovate and explore. They do not believe time to productivity through a seamless onboarding in micro-management. But they believe in treating their employees with respect and working together to achieve experience. Track progress in real-time. a bigger goal. ☐ Frontline Competence: Achieve business results by offering engaging learning experiences for your Website- https://disprz.com/ distributed workforce.

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10 BEST

Innovative Startups in India 2022

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ounded in 2018, CoinDCX is India’s most secure crypto exchange, dedicated to making crypto accessible. CoinDCX has resolved many of the problems faced by the Indian crypto community with trading and investment solutions for crypto-based financial products for retail, HNI, and enterprise clients. CoinDCX is a secure and simple gateway for everyone to build a strong crypto portfolio.

CoinDCX Their Products ☐ Insta ☐ Lend ☐ Spot Trade ☐ Margin Trade ☐ Futures

☐ API Docs Their exchange is built with user experience and security in mind. KYC and bank account ☐ Markets verification is done in a matter of minutes and ☐ Stake provides a seamless onboarding experience to the users. They provide users with single-point access to a diverse suite of crypto-based financial products Their values: and services backed by security procedures ☐ Easy: They pride themselves on their ability to and insurance. create user experiences no matter the complexity They have the largest number of cryptos listed of the underlying technology. in India and offer free instant fiat to crypto conversions. They also offer an instant deposit and ☐ Safe: Their team continually audits and builds upon withdrawal facility. They charge the lowest crypto existing protocols to ensure that their security is and trading withdrawal fees. The wallet structure up-to-date and to international standards. is versatile and offers the best fee structure ☐ Compliant: CoinDCX’s culture of compliance in the industry. has enabled them to be a leader in India Their proprietary aggregation model provides in implementing crypto AML monitoring the highest liquidity from major global through Onfido. crypto exchanges. They are an ISOcertified company backed by investors such as Polychain Coinbase Ventures, Bain Ventures, and HDR Group, of BitMEX.

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reputed Capital, Capital operator

Sumit Gupta Co-Founder & CEO

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What are CoinDCX Pro Features:

Conclusion

Crypto is for everyone and it has been everywhere so why should your friends be separated from ■ Futures and options from multiple exchanges enjoying new-age financial assets. Through the CoinDCX referral program, you can earn cryptowith more markets assets worth ₹100 or more for each friend you refer ■ Referral program to share the app with your (depending on how the offer goes). CoinDCX believes in the power of sharing crypto love friends and earn passive income and these offers are organized for every crypto■ App promises to continue improving its enthusiast to express their crypto love. g speed ■ PNL facility for portfolio and asset level analysis

■ More security features to keep your crypto assets safe

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Website- https://coindcx.com/

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10 BEST

Innovative Startups in India 2022

Rapido Bike Taxi

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apido Bike taxi is India’s largest bike taxi app What they Serve: service and is making rapid strides in appbased auto-rickshaws and delivery. They are on ☐ Customers a mission to revolutionize the way people move. And while they’re at it, they aim to create a workplace that’s ■ Doorstep Pick-Up: They’ll pick you up where you are and drop you right where you need to be. fun, inclusive, and fits!

Rapido has come a long way since its inception in 2015. ■ Affordability: No more cryptic prices and shocking With a lot of hard work and perseverance, they have reactions after seeing the final ride cost. They are carved a niche for themselves in the market. As a brand here with the cheapest ride for all. and a service, it is their constant endeavor to redefine themselves. They are the number 1 choice of 10 million ■ Quick Ride: The trendsetters of smart commute people because they are the solution to India’s intrawhether it is traffic or rush hour. city problems. Along with assured safety, they also offer ☐ Captain rides at an affordable price.

Their bike taxis can dodge the traffic during peak hours ■ Zero Pressure Ride: Gives the Captain more room and get you to your destination in a jiffy! So next time in a day without interrupting his daily activities. You when you think of travel, think of Rapido. can decide when to go on the next ride.

■ Returnable Income: What’s the use of getting paid when you can’t withdraw money on your own?

Redeem transfers can be done from Rapido Wallet to your bank account at your convenience.

■

Insured Ride: All rides are insured.

Medical benefits and Accidental coverage up to Rs 5 lakh for the Captain and his family.

Rapido Food/Refreshment Centers The heatwave is sweeping India and taking a toll on the health of everyone. Rapido is highly concerned about the health of its captains who sunbathe throughout the day so

Rishikesh SR - Founder 38

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that customers can reach their destinations quickly and Conclusion safely. To replenish the energy of its captains, Rapido You can go on board with Rapido B2B services to earn has taken the initiative of starting refreshments and more while you deliver. With highly reliable deliveries meal centers. and a strong customer base, they are one of the fastestThese centers will provide healthy and nutritious food growing networks in the country. and juices at highly subsidized rates so that the captains do not have to burn a hole in their pocket every time they feel hungry after a hectic change on the bike. The Website- https://www.rapido.bike/ whole process is as simple as A-B-C. All they have to do is walk to any center, show their food voucher in the Rapido Captain application/SMS, and get their food/ refreshments! Utmost care is taken to ensure that the quality of food/refreshments is good at these centers.

India’s largest bike taxi service

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The Internet Revolution

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ndia is experiencing the revolution of the internet.

In the beginning, the internet was only available for education and research purpose. Videsh Sanchar Nigam Limited (VSNL) launched the internet in India, in 1995 for the general public.

In 2015, India received high-speed 4G internet, 1GB of mobile data cost 225 rupees in India. However, just over five years later, the industry has seen a significant drop in pricing, which has aided in the true launch of the country’s internet economy. The debut of Mukesh Ambani’s 4G mobile network, Reliance Jio, on September 5, 2016, sparked a substantial drop in data prices. Customers were enticed by Reliance’s offer of free 4GB of data each day. Within six months of Reliance Jio’s introduction, India had surpassed China as the world’s leading mobile data consumer, consuming over 1 billion GB of data per month, up from 200 million GB previously.

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A majority of the country has switched to digital payments and feels comfortable conducting video conversations. In light of the new normal, educational institutions are relocating their educational activities to the internet. People are looking for alternatives to traditional ways of life outside of the mainstream. All of this was made possible by the humble beginnings of the worldwide web in India. While most of us are aware of how the Internet has shaped the lives of Indians over the last two decades, today marks the 25th anniversary of the internet in India.

In 2020, India had 92.57 million internet users and it is increased up to 845.68 million by 2021. Further, it is assumed to count 1,532.3 million (1.5 billion) by 2040.

Importance of Internet The internet is helpful in the following sectors: APRIL 2022

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☐ Digital transformation

Education

☐ Rural development

Though the internet has long been used for schooling, the Covid-19 outbreak accelerated its spread in India.

In India, every student uses the internet due to its inexpensive cost and accessibility.

☐ Business growth and development ☐ Educational development ☐ Easy lifestyle

Typically each and every section requires the internet E-Commerce and internet banking for better transformation.

Everyone has adopted the internet due to its accessibility and affordability. Many e-commerce platforms are expanding their operations overseas. The growth is Sectors transformed due to internet observed in internet banking. It is an internet-based revolution electronic payment system that allows a bank or The Internet revolution brings the changes in the financial institution’s customer to conduct financial or non-financial transactions. following sectors in India:

Local environment Today, the internet is used by millons of individuals, who send billions of terabytes of data through the internet.

It has connected the world, reducing the importance of national, social, and economic boundaries. As video and voice calling has become more affordable and popular, it has drastically changed the way people communicate.

The Internet gives an opportunity to people from rural areas to start a business online. Internet reduced the gap between urban and rural areas in India.

Corporate World The Internet revolution also reshaped the corporate world. Today, the world’s most powerful corporations are technology companies, and no organization can thrive without digitizing substantial portions of its operations.

The internet has opened the door to a boundless virtual arena where Society’s norms are shifting, resulting in a parallel universe. People are reprimanded and rewarded in virtual public squares across the internet, from Facebook to Twitter.

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Digitalization Digitalization could not possible without high speed, reasonable cost and structure. It is simply possible because of the revolution on the internet. Digital India is the major project of the Government of India. It aims the transform India into a digitally empowered society and knowledge economy. Many projects are under E-governance which focused mainly on the development of information systems. then many states started ambitious individual e-governance projects aimed at providing electronic services to citizens.

Conclusion The present article provides an overview of India’s internet revolution. India is currently in the middle of a revolution. In India, the internet will continue to evolve with greater benefits.

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