30 Startups To Watch: Startups That Caught Our Eyes In August 2024
The world’s third-largest startup ecosystem has come a long way since February 2020, when the DPIIT recognised that India was home to just over 27,000 startups, and when we rolled out the first edition of Inc42’s “30 Startups To Watch” series. Fast forward to June 2024, the number of DPIIT-registered startups surged to over 1.4 Lakh.
But the most intriguing part isn’t just the numbers. Well, at the outset of 2020, the ever-zealous Inc42 team decided to tap into the very core of the Indian startup ecosystem — early stage startups.
Fuelled with our passion for the ecosystem, we vowed to identify 30 high-potential startups every month — the ones that could one day transition to become the Amazon, Alibaba, Intel or even Google of tomorrow.
In our pursuit, we have tread a long way — closely observing hundreds of startups every month, carefully fathoming their long-term potential, and testing the waters of the vision and philosophies of founders.
Continuing our sprint to find the crème de la crème of early stage startups, after carefully churning through thousands of early stage Indian startups, we today stand to introduce the 50th edition of Inc42’s flagship series — ‘30 Startups To Watch’.
Notably, the golden cohort (50th) of our much-awaited monthly series is being introduced at a time when the investor interest is seemingly skewed towards early stage startups, courtesy of GenAI.
Per the Inc42 H1 2024 funding report, seed and growth-stage companies drove the funding trend in H1 2024. Favoured by the advent of AI, the Indian seed-stage startup funding received a booster shot, catapulting it 23% YoY to $589 Mn across 229 deals in H1 2024.
Now as Indian early stage ventures prepare to make hay while the investor sun still shines, we present to you the 30 startups that caught our eyes in August.
Editor’s Note: The list below is not a ranking of any kind. We have listed the startups alphabetically.
Abhay HealthTech
Multifaceted Healthcare For Early Disease Detection
Founded by Sougat Chatterjee and Apurv Modi, who recognised significant gaps in India’s healthcare system, particularly in preventive care and technology integration, Abhay HealthTech is currently developing advanced diagnostic kits aimed at early disease detection.
Abhay HealthTech has a diverse portfolio of 51 products across various healthcare categories, with a strong focus on preventive healthcare.
One of its key innovations is the health ATM, a self-contained medical kiosk designed to extend healthcare access to rural India, where medical facilities and doctors are often scarce. The health ATM can perform up to 59 diagnostic tests, including blood pressure, glucose levels, cholesterol, and more.
In the past three months, the company has expanded its reach to over 55,000 stores, with plans to increase this number to 2 Lakh stores by 2024. By 2026, Abhay HealthTech aims to expand to 8.8 Lakh stores, covering 10 Lakh villages, and achieve a revenue of INR 300 Cr.
BeBetta
Redefining Real-Money Gaming
Meet Shah noticed gaps in casual real-money gaming apps and identified a growing demand for a more socially interactive experience among sports fans and gamers. This led him to create BeBetta in 2023, which aims to revolutionise fan engagement with sports.
BeBetta is a social gaming and sports engagement platform allowing users to participate in sports betting and games without risking losing money. The platform uses BetCoins, its official social currency. Users earn BetCoins by playing games and placing sports bets, which they can redeem for real-life rewards through BeBetta’s partnerships.
The platform offers social betting options for popular sports like football, cricket, and kabaddi, enabling users to place bets against friends and rivals without financial risk, creating a more socially interactive environment.
Currently operating primarily in India, BeBetta generates revenue through a mix of in-app purchases, advertising, and brand partnerships for user rewards.
The startup claims to have onboarded 6 Mn users in just four months. It plans to expand its sports offerings this year, potentially adding F1, NBA, and UFC to complement its existing options.
BimaPay
Redefining Insurance Payments
Founded in 2021 by Hanut Mehta, Mohit Gupta, and Kapil Garg (the MD of Mufin Group), BimaPay is an insurtech platform that aims to make insurance premium financing easily accessible to consumers.
BimaPay facilitates digital lending with a real-time process, catering to various use cases aimed at enhancing accessibility and affordability in the insurance sector. It aims to ensure deeper penetration into the country’s financial inclusion ecosystem.
The startup also supports insurance intermediaries by addressing their cash flow needs, helping them reach underserved populations and expand their market presence. Under this, it offers claim financing services to hospitals, garages, and individual policyholders.
In May 2024, the startup netted $2 Mn in its Pre-Series A funding round led by LC Nueva Investment Partners through LC Nueva AIF, a joint venture between Lighthouse Canton and Nueva Capital. In the larger Indian insurtech market, it competes with Finsall and Insurfin.
Bluecopa
Finance Ops Automation Platform
Founded in 2021 by second-time entrepreneurs Raghavendra Reddy, Satyaprakash Buddhavarapu, and Nilotpal Chanda, Bluecopa is an AI-powered finance operations automation platform designed to help CFOs and finance teams in high-growth companies monitor business KPIs and insights for informed decision-making.
The platform streamlines finance operations and supports CFOs and finance teams in managing company-wide processes. It offers an Excel-like interface and streamlines orders to cash, procure to pay, and record to report processes.
Bluecopa covers business planning, scenario modelling, variance analysis, intelligent alerts, and reconciliations, among other functions.
Its user base comprises clients like Porter, Yatra, Hackerearth, and Fashinza, just to count a few. In the fintech SaaS space, the startup competes with FinBox, Credgenics, and Signzy, among others.
The startup last raised $2.3 Mn in its seed funding round led by Blume Ventures.
Bloq Quantum
Fast-Tracking Quantum Adoption Journey Of Enterprises
Quantum computing is gaining traction as enterprises seek to solve complex problems that are beyond the reach of classical computing. While there are no precise numbers with regard to India, a report estimates the global quantum computing market to grow to a size of $125 Bn by 2030.
To tame this opportunity, Sreekuttan and Jay Patel decided to resolve the challenges enterprises face in developing quantum solutions to derive valuable business insights. The result was Bloq Quantum, a platform designed to bridge the gap between complex quantum computing and enterprise needs.
Founded in 2024, the startup accelerates the development and adoption of quantum computing in enterprises through its innovative low-code interface. Bloq Quantum operates on a B2B model, offering enterprise annual subscriptions. The platform is tailored to meet the needs of various industries, allowing companies to experiment with quantum computing and integrate it into their operations.
The startup is currently present in the US, Europe, the UK, and India. This year, it plans to launch its product and initiate pilot programmes with five enterprise users. It aims to expand its global presence and acquire 20 enterprise users by 2026.
Cannarma
Medicinal Cannabis Startup
Founded by Rohit Chauhan and Keshav Agarwal in 2022, Cannarma bids to tap into the largely unexplored potential of cannabis in plant science and medicine, with a particular focus on cannabis pharmaceuticals.
The name “Cannarma” combines “cannabis” and “pharma,” reflecting the startup’s mission to make phytocannabinoid (a compound derived from the cannabis plant) medicines accessible to patients in India and worldwide.
The startup’s products are developed using therapeutic and medicinal-grade formulations, approved by a scientific board that includes researchers, Ayurveda experts, doctors, pharmacists, and biologists. The product line features Ayurvedic formulations such as cannabis extract and hemp seed oil and infused products like pain relief massage oil and pain balm.
These products are suitable for all age groups and re-designed to treat conditions like stress, anxiety, depression, sleep disorders, PCOD, PCOS, menstrual cramps, epilepsy, Parkinson’s disease and to support cancer patients undergoing chemotherapy.
In the short term, Cannarma aims to expand its reach across more markets with high-quality hemp products. By 2026, the company plans to drive further innovation in medicinal cannabis, expand globally, develop intellectual property, and strengthen its team. However, in the growing medicinal marijuana space in India, it sees tough competition from the likes of India Hemp Organics, and HempStreet, among other players.
Cookd
Your Cooking Buddy
India’s ready-to-cook (RTC) food market is rapidly growing, with a projected annual growth rate of 18 to 20% from 2022 to 2027, according to a report by Research and Markets. Notably, this growth is also driven by consumers’ increasing preference for healthier, home-cooked meals.
Founded by Aathitiyan V S in 2020, Chennai-based Cookd, a digital food content brand, is dedicated to making home cooking easy, efficient, and enjoyable.
Cookd provides home cooks with a comprehensive ecosystem that includes engaging recipe videos and a user-friendly recipe app.
Its platform features thousands of step-by-step recipes, making it easy for anyone to prepare delicious meals every day. In addition, the brand offers its recipe mixes on platforms like Swiggy Instamart, Big Basket, Amazon, and Flipkart, and in stores across Tamil Nadu and Karnataka.
Earlier this year, Cookd secured funding from Kerala Angel Network (KAN) and others to expand its retail presence and strengthen its position as a go-to resource for home cooks.
Curelo
Healthcare Aggregator
Dr Arpit Jayswal founded Curelo in May 2022 in response to the widespread issues of unreliable and inconvenient diagnostic services, particularly among local and regional labs.
Jayswal’s motivation stemmed from his personal experience with his father, who suffered from chronic kidney disease and needed frequent blood tests before and after dialysis sessions. This experience pointed to the need for a dependable solution in the diagnostic sector.
After extensive market research, Jayswal realised that the problem was widespread throughout the country, and to address this gap, he incorporated Curelo to provide reliable and convenient diagnostic services to everyone, regardless of their location or mobility challenges.
Curelo offers both home and in-clinic sample collection, adhering to best-in-class medical protocols. The platform allows users to compare labs based on prices, turnaround times, and reviews and securely stores all test reports in a centralised location for lifelong access.
In addition to serving customers, Curelo also helps labs by providing digital enablement, reducing their costs, and expanding their reach through an enhanced digital presence and logistics network.
Datavio
AI-Led Ecommerce Intelligence & Monitoring Platform
Founded by college friends Mayank Prasoon, Mukul Agarwal and Kunal Parman in 2023, Datavio is an AI-led ecommerce intelligence and monitoring platform for brands looking to list on ecommerce marketplaces.
Datavio provides an AI-led ecommerce intelligence and monitoring solution for brands for research, discoverability, optimisation, monitoring and alerts.
Currently, it is working with 25 D2C brands. In its sector, it competes with Helium10, Commerceiq, and 1digitalstack.
Moving forward, it plans to incorporate real-time online monitoring software that allows brands to monitor their presence. It netted a total of INR 1.25 Cr ($149K) from 100 X.VC in October 2023.
Dopplr
Offering Hi-Tech Trial Rooms
Founded in 2020 by ex-PharmEasy engineer Vishal Daga, Edinburgh University alum Sresht Agarwal and Staffordshire University alum Shubham Singh, Dopplr.digital is a B2B SaaS startup that caters to fashion entities operating in the ecommerce segment.
The startup offers D2C apparel brands a virtual trial room solution to allow their potential customers to get a better understanding of how a particular outfit fits and looks on them.
The startup claims that its virtual trial room has helped its clients witness 2.5X product engagement, a 27% increased conversion rates, and 37% decrease in returns. Overall, as per the startup’s claims, its clients have seen a 12% increase in their average order value.
Dopplr counts Cava Athleisure, Being Human, and Cancel Culture Club in its list of clientele. In August, the startup secured $750K in its maiden funding round led by Cornerstone Ventures. In the short term, the startup has plans to expand its ambit to include sportswear, lifestyle, and innerwear brands.
Fabrito
B2B Fabric Marketplace
Fabrito, founded in 2023 by Naresh Dhaka, Pushpendra Singh, and Mayank Narain, is a B2B fabric marketplace and sourcing platform. It leverages technology and its extensive network across key textile hubs to bring together a wide range of ready-made fabrics, making it easier for fashion brands and garment manufacturers to discover and source fabrics.
Fabrito tackles major industry challenges by offering both ready-made and made-to-order fabric solutions. For custom fabric needs, the platform connects buyers with the right mills and processors, ensuring quick turnarounds and eliminating minimum order quantity (MOQ) restrictions.
This approach increases transparency in the sourcing process, fosters collaborative decision-making, and helps brands quickly respond to market trends.
In the fabric sourcing space, the startup takes on the likes of Fabriclore, Fabric Root, Fabrifry, and Fabmynta among others.
Fixxera
Enabling Rapid, Compliant Banking Product Launches
During a chance encounter, a fellow traveller on the Mumbai local told Akshar Shah about hassles the former faced while booking a fixed deposit.
Realising that there was a white space in the segment, Shah sat down to build a platform that would allow users to access multiple fixed deposit options across different financial institutions from their “trusted” financial platform. It was then that the idea of Fixerra germinated.
Founded in 2023 by the ex-Kotak Bank executive, Fixerra’s API-enabled banking infrastructure enables digital businesses to launch banking products quickly.
Leveraging partnerships with seven banks and NBFCs, Fixerra offers a user-friendly fixed deposit gateway that enables companies to integrate fixed deposit offerings and launch a white-labelled solution within a week.
In addition, Fixerra’s neobanking gateway allows businesses to quickly and compliantly launch savings accounts and related services on their platforms.
In January this year, the fintech SaaS startup raised INR 14 Cr in a seed funding round from multiple angel investors and family offices.
Fullfily
Sustainable Logistics
FullFily works as an EV delivery company, which is dedicated to offering eco-friendly logistics and enhancing community infrastructure with public amenities such as convenient parking and charging stations.
By integrating green technology into every aspect of its operations, FullFily is helping to pave the way for a more sustainable and efficient future. Its logistics services are designed to optimise every stage of the delivery process.
In addition to its logistics capabilities, FulFilly offers advanced warehousing services. Its micro-fulfilment centres are strategically located near urban areas to enable rapid processing and delivery of online orders. Meanwhile, these centres streamline the movement of goods to regional warehouses and retail locations, enhancing inventory management and reducing costs.
HealthCRED
Easing Cash Flow Challenges For Hospitals
Founded in 2022 by Shrey Jain and Arpit Jangir, HealthCRED is a B2B healthcare financing startup focussed on solving the working capital challenges faced by hospitals and specialised healthcare service providers (HSPs) in the country.
In the post-COVID era, the healthcare sector has been under increased pressure due to delays in insurance payments. HealthCRED addresses this issue by providing early financing solutions to stabilise cash flow for hospitals and HSPs, ensuring they can continue to deliver high-quality patient care.
The company partners with hospitals, nephrology and oncology centres, diagnostic providers, insurers, and supply chain partners to offer smart, efficient financing.
Currently, it is developing a B2B loan onboarding and management system to create a fully digitised healthcare lending framework. HealthCRED has set its eyes on becoming India’s first healthcare-focused Small Finance Bank (SFB).
In August 2024, the startup bagged $1.2 Mn in a seed funding round co-led by Antler India, TRTL VC and iSeedVC. With the fresh capital, it plans to enhance its customer relationships and expand operations to the southern and western parts of the country.
HiWiPay
Borderless Banking for Scholars
Mumbai-based HiWiPay is a cross-border payments company dedicated to simplifying, accelerating, and reducing the cost of international transactions.
Founded by Dewang Neralla, Geeta Chauhan and Ujwal Tammendi last year, the startup’s core principles revolve around simplifying documentation, speeding up payment transfers, and making payments more affordable.
In its initial phase, the startup has been focussing on developing a centralised and integrated platform to simplify remittances for students studying abroad. Their digital platform allows students and parents to manage transactions effortlessly, from uploading documents to transferring funds.
HiWiPay has developed specialised products like the Educon Portal for education partners, the HiWiPay Student App, and the HiWiPay Remitter App to enhance user experience.
The company has also ventured into the B2B trade sector, offering exporters a comprehensive platform for managing international transactions.
HiWiPay’s B2B Trade platform provides advanced tools for invoice management, documentation support, and reconciliation, helping businesses navigate the complexities of global trade while ensuring compliance and facilitating multi-currency payments.
Backed by Unicorn India Ventures, HiWiPay operates under a B2B, B2C, and B2B2C business model. The company claims to have already processed over $5 Mn in remittances, supporting 1,000 students.
Humanize
GenAI-Integrated Industrial SaaS Solutions Provider
Launched just last month by former India president and head of corporate affairs at Tech Mahindra, Jagdish Mitra, Humanize is a GenAI SaaS startup that will be offering low code/no code AI-integrated industrial SaaS and hyper-automation solutions to enterprises.
Its product stack includes digital product engineering, analytics, customer experience (CX), business process services, and talent management solutions. The startup will target enterprises in the banking, financial services and insurance (BFSI), retail and consumer goods, manufacturing, technology and media, and automotive sectors.
In the short term, Humanize is eyeing to onboard 80-100 customers. The startup has netted an undisclosed amount from digital talent solutions provider NLB Services. In the GenAI SaaS ecosystem, it locks horns with the likes of SentinelOne and Zvolv.
Juleo
Matchmaking With A Modern Twist
Juleo, founded in 2023 by Chiranjeev Ghai and Varun Sud, brings a modern approach to traditional Indian matchmaking by combining technology with cultural insights to create a safer and more authentic dating experience.
Understanding the challenges singles face in India’s changing socio-economic environment, Juleo seeks to offer a responsible and thoughtful approach to dating and marriage.
In a landscape where online dating apps are flourishing, fueled by a youthful population with rising disposable incomes, Juleo aims to differentiate itself by focusing on fostering real-life connections rather than prolonging digital interactions.
Members can apply to join the exclusive Juleo Club through their app, which ensures security and authenticity by using India Stack’s government ID and video verification. This level of verification is essential in a market where privacy and safety are major concerns.
Juleo’s AI-powered matchmaking, Genie, carefully selects potential matches and manages the logistics of arranging in-person meetings, removing the need for constant swiping and superficial online conversations.
Women’s profiles are private by default, giving them control over their visibility and helping to avoid unwanted attention. This thoughtful feature addresses the importance of privacy and safety in India, especially for women. For men, the platform reduces the pressure of maintaining an online persona, shifting the focus to meaningful, real-world interactions.
The matchmaking platform announced on August 6 that it has secured $2.5 Mn from more than 180 angel investors, including the likes of Livspace cofounder Ramakant Sharma, CRED founder Kunal Shah, and Acko cofounder Ruchi Deepak.
LLUMO AI
Helping Enterprises Cull GenAI Costs
Entering the generative AI fray, serial entrepreneurs Shivam Gupta and Akshat Anand launched LLUMO AI in 2023. The startup addresses the challenges of evaluating LLM performance in real-world scenarios. The startup also helps businesses reduce GenAI costs by up to 80%.
The platform offers two proprietary LLMs trained on extensive data. The first model compresses prompts to lower costs while preserving output quality. The second, Eval-LM, evaluates LLM-generated output without requiring ground truth data. These models allow businesses to optimise LLM use, speed up iterations, and manage budgets effectively.
The startup launched LLUMO beta version last month in July. It says that its closest competitor, FrugalGPT, utilises the open-source platform Lingua for prompt compression and cost-saving.
“While Lingua does compress prompts effectively, it often sacrifices key context, resulting in a cosine similarity score of only 50% to 60% between the original and compressed prompt outputs. This also leads to a higher risk of hallucination,” Gupta said.
In contrast, Gupta said that LLUMO AI not only compresses prompts but also employs an advanced caching management system that saves over 80% of costs without losing crucial context. Our cosine similarity scores range from 88% to 93%, ensuring high-quality output with minimal deviation from the original intent.
Earlier this month, the startup raised $1 Mn in its seed funding round led by SenseAI Ventures. With the funding, the startup plans to expand into the US market and develop an enterprise-grade platform that integrates existing AI workflows.
Nected
Automating Workflows & Decision-Making
Founded in 2022 by second-time entrepreneurs Prabhat Gupta and Mukul Bhati, Nected is a low-code/no-code decision management platform designed to help teams of all sizes and automate data-driven workflows.
Gupta and Bhati bring a wealth of experience from their previous ventures — TravelTriangle and FastFox. After successfully building, scaling, and exiting their companies, they created a deeptech startup that serves global businesses from India.
Nected’s mission is to free up valuable tech resources from repetitive and iterative tasks by democratising access to technology. In a trillion-dollar software development market, where over 100 Mn developers face ongoing tech shortages, Nected addresses the critical need for digitisation and automation.
The platform allows teams to quickly build complex, data-driven workflows, enabling faster experimentation and iteration with minimal cost and effort. Recently, the startup raised $1.7 Mn in funding through a convertible note, led by 3STATE Venture.
Nected has a growing list of clients, including industry leaders like TATA 1mg, and has established a significant presence across sectors such as fintech, ecommerce, retail, travel, edtech, logistics, and consulting.
With over 50 clients across more than five countries, Nected is helping them save 60% of their tech resources, speed up time to market by over 5X, and accelerate iteration processes by 10X.
NeuraSim
Neuroscience Meets Virtual Reality
NeuraSim is focussed on advancing neuroscience by integrating virtual reality technology into healthcare treatments. With a team that combines technical, clinical, and business expertise, NeuraSim is at the forefront of developing cutting-edge solutions in the rapidly expanding metaworld.
The startup’s flagship product, Bee Vee
, is a CE-certified immersive virtual reality therapy designed to effectively treat conditions such as Amblyopia (lazy eye), squint eyes, headaches, and eye movement disorders.
NeuraSim’s mission is to bring together multidisciplinary teams to create innovative healthcare solutions that leverage immersive technology, neuroscience, and connected care.
The startup’s vision is to enhance the patient-doctor experience by applying advanced technology in healthcare, making treatments more effective and improving overall patient outcomes.
NxtQube
Revolutionary Drone Docking Solutions
While there is no dearth of players in the drone manufacturing space, very few are trying to carve a niche in the drone infrastructure ecosystem. One of them is NxtQube.
Founded in 2022 by Nikhil Rajput, the drone tech startup has developed a range of drone docking stations and a software platform that cater to unique requirements in industrial and remote environments.
For the uninitiated, a drone dock, or drone port, is a landing pad and charging station for drones that allows them to take off, land, and recharge with minimal human intervention.
Banking on its indigenously developed hardware and firmware, the startup allows its clients to automate drone flights and avail remote diagnostic capabilities with its assistive pilot features. Its drone docking station is capable of undertaking complex activities such as take-off, landing, flight surveillance, charging and data extraction.
NxtQube is backed by the likes of Venture Catalysts, Pontaq VC, and Ananta Bizcon, among others. As of now, the startup has set its eyes on developing a battery-swapping module, docks with swarm capabilities, docks catering to the logistics sector, and platforms for virtual piloting. Additionally, the Nashik-based company plans to expand its footprint to new geographies such as Asia Pacific, Europe, and the US in the short term.
Padel Park
Riding The Padel Tennis Wave In India
When millions of Indians were locked indoors during the peak of Covid 19-induced lockdowns in 2022, Parth Jindal, Ronak Daftary, Jigar Doshi, Nikhil Sachdev, and Pratik Doshi were introduced to Mexican racket sport Padel Tennis through online videos.
Enamoured by the sport, the quintet decided to introduce the sport to the country. As a result, they founded Padel Park in 2022.
The startup allows enthusiasts to play the sport at its four padel centres in Mumbai. Manufacturing padel courts in partnership with Sky Padel Spain, the company currently has 10 courts operational across Mumbai. It plans to increase this number to 45 across India by the 2024 end.
It also imparts training via the Indian Padel Academy and organises a tournament named Indian Padel Tour. The company monetises the platform by selling premium padel courts across India and Asia.
Backed by JSW Sports’ Parth Jindal, the startup claims to have clocked a revenue run rate of INR 2.4 Cr in FY24. Further, Padel Park claims to be witnessing a month-on-month revenue growth rate of 20%.
Pi Reality
Metaverse Just Got Desi
Be it BITS Pilani recently handing out degrees to students during a convocation ceremony on the metaverse or Temples in Ayodhya planning to offer “Virtual Darshan” via Metaverse this Diwali, metaverse appears to be back in the popular parlance.
Cognisant of the growing popularity of this technology, Ronaldo Indrajit founded Pi Reality in 2023. The metaverse platform allows users to engage in interactive adventures, watch football in a stadium, participate in sports and games with friends, and much more.
It also has an in-house currency called Pi Token, which users can trade and use on the Pi Reality metaverse. On the B2B side, it also allows companies to build and publish their brands on the metaverse platform.
The Bengaluru-based startup has raised more than $471K in funding to date. It competes with the likes of homegrown platforms such as AvatarLife and PartyNite.
Procuzy
A Full-Stack Procurement Suite For MSMEs
Procuzy, founded in 2023 by Daksh Asija and Arjun Wadhwa, is a full-stack SaaS platform designed to help medium, small, and micro enterprises (MSMEs) manage their inventory, production, procurement, and sales all in one place.
While Procuzy’s production management offering allows businesses to optimise allied processes based on bills of materials, its purchase management tool automates stock levels and simplifies the purchasing process.
Additionally, its SaaS tools also offer brands real-time insights and visibility into inventory and supply chain management. It also offers integrations with other enterprise tech platforms such as Shopify and Unicommerce to track sales from multiple channels.
Backed by the likes of Titan Capital, Keystone Capital, and Comdex Solutions, among others, the startup claims to have catered to more than 500 clients.
Revrag AI
Revenue Generation Gets An AI Twist
Founded by three childhood friends, Ashutosh Prakash Singh, Neeraj Gupta and Pankaj Gupta, in 2022, Revrag.ai is a GenAI startup that focusses on the B2B sales industry with its AI agents.
The startup aims to automate redundant tasks of revenue teams across industries to improve sales efficiency. With the launch of their first product soon, they aim to change how enterprises handle revenue generation.
According to the founders, their first product, AI-BDR, can smoothly take care of the initial prospect outreach and schedule meetings, allowing human sellers to focus more on client interactions and other complexities of the sales process.
Revrag recently bagged $600K in its pre-seed funding round led by Powerhouse Ventures. Besides, the round also saw Cred’s Kunal Shah, Rhythms’ Vetri Vellore, among over 20 other angel investors join its cap table.
SkinInspired
Eco-Friendly Skincare Solutions
Founded in 2022 by FMCG veteran Piyush Jain and dermatologist Dr Prashant Agrawal, SkinInspired is a skincare brand dedicated to providing advanced, safe, and effective skincare solutions.
It offers a curated range of products, specifically designed for different skin types, including face wash, face serum, sunscreen, and moisturisers. What sets SkinInspired apart is its commitment to innovation and sustainability.
The brand introduced India’s first refillable skincare line, featuring airless jars and pumps that preserve the efficacy of the products while reducing waste. This move not only caters to the growing demand for eco-friendly beauty solutions but also addresses a significant gap in the Indian skincare market.
Endorsed by dermatologists, SkinInspired has quickly gained recognition as a trusted daily skincare brand. Its formulations blend effective ingredients with refined textures and practical packaging.
In July, the startup netted $1.5 Mn in a seed funding round led by Unilever Ventures to expand its research and development as well as brand marketing.
Six Sense Mobility
AI-Driven Smart Mobility
Delhi-based Six Sense Mobility is a deeptech startup specialising in connected cars and modular smart mobility technologies.
Founded by Sumit Roy, Kapil Rao, and Narendra Kumar Verma, the company develops innovative IoT-based devices that use artificial intelligence (AI) and machine learning to enhance driving safety and security.
Incubated by IIT Delhi and funded by the Ministry of Electronics and Information Technology (MEITY), Six Sense Mobility focusses on creating advanced vehicle telematics through state-of-the-art plug-and-play devices.
The company’s flagship products include modular devices that integrate seamlessly with vehicles to provide enhanced safety features. A notable innovation is their crash detection technology, which can detect collisions, measure impact severity, and automatically dispatch emergency SOS services by pinpointing the accident’s exact location. This capability is aimed at saving crucial time in emergencies and potentially saving lives.
With the connected cars market projected to breach the $165 Bn mark by 2029, Six Sense Mobility is well-positioned for rapid expansion both in India and internationally.
Toystack AI
Code To Cloud In Minutes
ToyStack.ai was founded in 2023 by Mukund Gandlur, Sravan Aditya, Arun Gandlur, and Torun Mathias to simplify cloud deployment for developers and technology teams.
The platform makes deploying code to the cloud easy, eliminating the need for complicated server setups. With ToyStack.ai, developers can deploy their applications to the cloud in just minutes with a few simple clicks.
The platform gained popularity within a few months of its launch, attracting users from over 100 countries and achieving more than 14,000 successful deployments.
ToyStack.ai uses a Large Language Model (LLM) to enhance the deployment process by analysing past build logs, error reports, and time metrics to identify inefficiencies and optimise build times.
This AI-driven approach provides actionable insights, such as parallelising tasks, optimising dependencies, and automating repetitive processes, resulting in more efficient deployments.
As cloud adoption and data creation continue to grow globally, ToyStack.ai positions itself as an essential tool for developers, simplifying cloud deployment and fostering innovation in the fast-growing DevOps market.
Treacle
AI Cybersecurity Startup
Incubated at IIT Kanpur, Treacle specialises in defensive security, using advanced AI-based technologies to protect network infrastructures.
Founded by cybersecurity experts Subhasis Mukhopadhya, Subhajit Manna and Partha Das, Treacle’s main strength lies in its AI-based deception technology.
This innovative approach analyses attacker behaviour, lures them into simulated networks, and provides early alerts to Security Operations Center (SOC) analysts, offering robust protection against evolving cyber threats.
In addition to this, Treacle’s AI-based early warning system significantly improves the speed and accuracy of threat detection, helping organisations stay ahead of potential security breaches.
The India cybersecurity market size is expected to breach $10.9 Bn by 2029, growing at a CAGR of 18.33% from $4.7 Mn in 2024, according to a report by Mordor Intelligence. Amid this boom, Treacle is well-positioned to capture a significant share, especially in India.
Truva
Redefining Home Buying Experience
Currently operating in Powai, Mumbai, Truva was founded by Puneet Arora, Monil Singhal, and Ankit Gupta to resolve the complexity and lack of transparency in real estate transactions.
With India’s residential real estate market in major cities valued at over $100 Bn and expected to triple by 2030, Truva aims to transform the home-buying process, making it seamless, trustworthy, and buyer-focussed.
The startup’s offerings comprise a comprehensive online listing experience, including high-quality photos, videos, 3D tours, etc.
The platform also provides essential information such as pollution levels and AQI, enabling buyers to make well-informed decisions. Every property listed on Truva undergoes rigorous legal and physical verification, ensuring that buyers receive detailed quality reports, title guarantees, and even buyback options.
For sellers, Truva guarantees a sale within six months and covers rent until the transaction is completed. This allows Truva to enhance properties, resulting in sales that are up to ten times faster than the market average.
Truva’s revenue model involves selling homes at a slightly higher price than the guaranteed offer to sellers, with the difference serving as the company’s profit.
[Edited By Shishir Parasher]
The post 30 Startups To Watch: Startups That Caught Our Eyes In August 2024 appeared first on Inc42 Media.
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