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Which Indian startups are of interest to investors: an overview of projects
In terms of the number of companies with short operating cycles in the world, startups in India are in the third position, trailing only American and Chinese companies. There are more than 26,000 firms in the country, of which about 100 have achieved unicorn status.
India’s tech sector attracts large investments, with about $36 billion in funding between 2019 and 2021. Among the local startups are many that have revolutionized the domestic market and beyond.
One such project was Jumbotail, which is a platform for suppliers and retail outlets. Through it, large supermarkets and small grocery stores interact with manufacturers of various goods. In addition, Jumbotail has taken on the tasks of order storage and delivery, as well as transactional and credit services. Since its inception in 2015, the startup has received more than $55 million in funding.
PharmEasy is a one-of-a-kind solution in India’s health care system. It is an online pharmacy that connects about 90,000 vendors across the country. Through the mobile app, it is possible to purchase various drugs and order tests in laboratories that cooperate with PharmEasy. The startup is actively developing and in the near future plans to acquire shares in the diagnostic laboratory Thyrocare.
BrowserStack provides software development products. The company offers its own cloud platform through which websites and mobile applications can be tested. This way, developers do not need to set up their own centers to test products. BrowserStack cooperates with 50 thousand large companies and more than 4 million software developers.
Loan Frame provides lending services for businesses. In addition, the startup supports suppliers in obtaining inventory financing and providing short-term loans without collateral. The company is working to create opportunities to obtain financing for small and medium-sized businesses.
Housing.com is a real estate search platform and has been a huge success in India. In total, the startup has managed to raise nearly $140 million in investments. Housing.com owns a platform that analyzes trends in the real estate market and uses them to calculate risk reduction options.
World Bank experts raised the rating of India as a favorable market for business by 79 positions in 5 years. This means that the country is developing and improving the ecosystem for creating and operating companies. Local technology startups show excellent potential, which is also revealed by a large number of technical specialists – there are more than 4 million of them in the country.