“Startups are engines of exponential growth, manifesting the power of innovation”- Narendra Modi. This is indeed true, for startups were the foundation of some of the big companies of today. Venture capitalists from all parts of the world are looking to invest in startups with innovative ideas.
And no better place than India to implement these ideas, with its huge market and a growing thirst for technology.
The startup arena in India is heating up, with countless entrepreneurs making their presence felt in the past few years. But, in the crowd, there are a few startups that look very promising and have made it to our list of top 6 emerging startups to look out for.
Virtual reality is a billion dollar market, with a growing presence in India. It is expected to disrupt a number of sectors including, education, healthcare, gaming, online shopping etc.
Absentia VR is one of the many startups looking to reduce the gap between available web content and virtual reality. It was founded by three 3rd year dropouts from BITS Pilani Goa Campus.
The VR startup recently launched Norah.ai, an AI based workflow generator. It enables easy creation and integration of various game elements, from creation of 3D models to environment texturing.
Absentia VR has attracted investors such as Astarc Ventures, 50K Ventures, Exfinity Venture Partners etc.
Shopping is all the craze today, and an AI powered shopping assistant may not be a huge surprise. But according its founders from IIT Kharagpur, Niki.ai is unique for being the first “natural language processing and machine learning technology to converse with the customers over a chat interface, to shop for products and services.” It supports end-to-end functionality.
Niki now incorporates more services including entertainment, travel, payments etc by partnering with BookMyShow, Redbus, OYO, Uber, Paytm and HDFC.
The startup attracted funding from the likes of Ronnie Screwvala’s Unilazer Ventures and Ratan Tata.
It is a web oriented startup for providing anonymous or private counseling, based at the Nasscom 10,000 Startups Warehouse in Kochi.
They provide convenient counseling sessions, by trained and professional experts, over phone through a unique system of payment- code or online credits. At initial stages, the startup offered telephonic counseling to students and parents facing problems, and have expanded to corporations and institutions.
In the future, they aim to use technology like artificial intelligence, machine learning, and wearable devices to increase their availability and accessibility.
This Bangalore based startup specializes in surveillance systems with AI integration. It uses deep learning enhanced imaging algorithms to provide real-time actionable, next gen security systems for demanding environments and smart cities. In fact, it was one of the five video analytics startups selected for the first phase of the “Smart City Nano Accelerator program”.
The startup was awarded as one of “India’s Most Innovative Top 50 Emerging Software Product Companies” at the “Nasscom Emerge 50 Awards 2017”.
Another AI based startup from Bangalore, this one helps companies get actionable insights from data in almost half the time and lower costs using data analytics.
MECBOT, an Open Cognitive Platform from Formcept, is said to revolutionize the already huge AI driven data analytics market by the way it interfaces AI, deep learning, IoT and predictive algorithms real-time.
This Gurgaon-based startup, enables automation of some of the important tasks such as image search, and real-time recommendation, using AI, especially for ecommerce companies.
Also Read: Best startup company in Bangalore
Their primary specialization is leveraging AI, image processing, computer vision, and NLP to improve mobile user experience.
They have business partnerships with the likes of “Panasonic, Intex, Lava, Karbonn and several ecommerce portals, such as Paytm, Yepme, Roposo, Tradeindia, Microsec Finance, Faballey, and E-poolers.”
Acclamations include winners of “IBM Smartcamp for Deeptech in India startup challenge” in 2016 and “IBM’s Global Entrepreneur Program” in 2015.