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Top 10 Indian Startups to watch in 2017

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Top 10 Indian Startups to watch in 2017

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Fintech, AI and IoT were all the rage in 2016. While VCs took a pause from the money-shovelling show of 2015, many Indian startups fumbled to hold ground in the wake of drying funds and resources. Owing to the slack economic growth and the demonetization drive, the winter for Indian startups grew colder in 2016. To put things into perspective, apart from e-tailers and payment wallet/fintech companies, almost every other segment of the Indian startup world floundered in 2016.

As per Tracxn, both the number and value of deals in the startup ecosystem fell to 30 percent and 50 percent respectively. With the likes of PepperTap and Parcelled folding up their operations, the losses for major players like Flipkart and Grofers magnified in 2016.

So, what does 2017 bring to the table?

To begin with, 2017 is poised to be a marquee year in the Indian startup ecosystem. As big guns brave up to survive their fading resource pool and the emerging ones fight hard to rise to the top of food chain, here are top 10 startups to watch out for in the year 2017 :


1) Faircent : https://www.faircent.com



At the helm of the Digital India revolution launched in 2016, Faircent is a P2P (Peer to Peer) lending platform launched in 2014. One of the most innovative financial products in the recent times, P2P lending enables borrowers to lower their costs and lenders to earn higher returns. As India prepares for a digital shift in payments, Faircent aims to grow and tap the huge fintech market.


2) FreshToHome : https://www.freshtohome.com/



An on-demand online fresh meat and fish delivery service, FreshToHome was founded in Bengaluru in 2016 and has more than 80,000 customers in Kochi, Thiruvananthapuram, Bengaluru, Mysore and Delhi-NCR. After receiving angel funding from Zynga founder, Google Venture CEO and Google India's angel investor Ranjan Anandan, FreshToHome has managed to quickly achieve the coveted $5 Million mark in India. They deliver chemical-free fish and antibiotic-free chicken online with the team selling close to six tonnes of produce of livestock on a daily basis.


3) NetMeds : http://www.netmeds.com/



The online pharmacy business in India is expected to grow to Rs. 20,000 crore by 2020 and NetMeds founded by Pradeep Dhadha and Bruce Schwack in 2015 aims to emerge as the dominant player in this space. As India's only PAN-India Licensed Online pharmacy, Chennai bases NetMeds has grown to thousands of products in the health and wellness category since its inception and has recently acquired Delhi based hyperlocal drugs delivery app Pluss. Previously, NetMeds has raised $50 million from healthcare based equity firm Orbimed in the year 2015.


4) 99 Games : http://www.99games.in/



With over 15 game titles, 20 million downloads and global recognition, 99Games is a studio that has been developing and publishing mobile games since 2013 and has successfully raised Series B round in funding from their existing investor Kalaari Capital. The founder Rohith Bhat believes the mobile gaming space is on its way to huge growth and wants to experiment across different demographics to build one or two great titles every year while maintaining month-on-month growth. In 2016, 99 Games had partnered with YRF (Yash Raj Films) on a multi-year deal to launch their product.


5) Social Cops : https://socialcops.com/



On a mission to tackle world's most complex problems through data, Social Cops aims to be a unique platform driving healthcare, smart cities and improving education. Founded in 2012 by Varun Banka, Prukalpa Sankar and Harbojen Singh, Social Cops has already secured a seed funding of USD 320K from 500 Startups, Rajan Anandan, Manoj Menon and others. According to the team, since their inception the startup has partnered with over 150+ companies and collaborated with government bodies to create a positive impact on society using data, technology and analytics.


6) FreshMenu : https://freshmenu.com/



Although the food startup space has hadn't the best of run in the Indian ecosystem, FreshMenu founder Rashmi Daga is positive about her startups emerging journey towards profitability and scaling up. Founded in 2014, FreshMenu has registered 3X growth in the number of orders in 2016 and is backed by Zodius Capital and Lightspeed Ventures. The company aims to expand its horizons in 2017 in terms of cities and product categories.


7) UNBXD : http://www.unbxd.com/



Unbxd is a site-search solution and product discovery platform for e-commerce companies in around 40 countries to power search, navigation, merchandizing and product recommendations. Founded in 2011 and backed by Nirvana Ventures, IDG, Inventus and Indian Angel Network, the Bengaluru based company aims to strengthen its hold after registering 10 times growth in 2016.


8) QikPod : http://www.qikpod.com/



A simple, convenient and cloud based locker product and service company, QikPod aims to build an IoT based last mile logistics solutions for e-commerce companies. Founded by Ravi Gururaj in 2015, QikPod aims to drastically improve the efficiency and convenience by providing smart lockers for deliveries. After raising $9 Million from Accel Partners, Flipkart and Foxconn Mobile, QikPod aims to take its Automated Electronic Parcel Lockers to major cities in India by 2018.


9) HealthifyMe : https://www.healthifyMe.com



After crossing a million downloads in the app store, lifestyle tracking platform HealthifyMe has registered a 25% month-on-month growth and makes an average revenue of Rs. 5500 per year. Since its inception in 2012, the app helps user identify the calorie values of Indian food and meals and offers expert advice from nutritionists and wellness experts. Founder and CEO Tushar Vashisht has raised $7 Million in funding in 2016 and now aims to raise more funds in 2017.


10) Finomena : https://www.finomena.com/



When founders Abhishek Garg and Riddhi Mittal started Finomena in October 2015, little did they know that the Indian economy will soon prepare itself for the biggest uphaul ever. Finomena is a Bengaluru based fintech startup that combines data algorithms with finance to offer micro loans to worthy buyers. With over 100,000 app downloads and a growing audience, Finomena aims to expand their horizons to 10 more cities in 2017 after receiving a seed round from Matrix Partners in 2016.

A country where almost every day accounts for another startup, these are the hottest startups to watch out for in 2017. With dreams in their eyes and faith in their efforts, the Indian startup ecosystem is poised to take giant leaps in 2017.

Do you have any other startups in mind which should have made the cut? Let us know in the comment section below!




Image Sources :

1) https://www.facebook.com/faircent

2) https://www.facebook.com/freshtohome

3) https://www.hippoprod.s3.amazonaws.com/

4) https://pbs.twimg.com

5) https://lh3.googleusercontent.com

6) www.mouthshut.com

7) https://www.magentocommerce.com

8) http://factordaily.com/

9) http://gizbod.com

10) http://www.mouthshut.com



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