20 Indian startups poised to expand in global markets
London & Partners, an agency of the city administration supported by tax firm BDO and banks Santander and Newland Chase, have been on the hunt for Indian startups ready to expand in global markets. They’ve selected 20 after screening hundreds.
These 20 startups will be taken to the London tech week next month, and subsequently supported in expanding their businesses in world markets using London as a base.
“India is one of the highest sources of foreign direct investment to London, so we already have strong trade links. But we think we can go further to strengthen London’s connections with Indian businesses, not only in established sectors, but in growing sectors, such as tech,” says David Slater, director of international trade and investment at London & Partners.
Here’s a look at the 20 tech companies that made the cut for tickets to London:
Bangalore-based 42Gears helps enterprises manage their mobile devices to improve workforce productivity as well as secure corporate data. “Mobile devices are designed with individual users in mind. However, deploying them in a business setup is risky without proper security and control. This is where we come in. We enable the adoption of mobile devices for business use,” 42Gears co-founder and CEO Onkar Singh told Tech in Asia in an earlier interview.
Onkar and his co-founder Prakash Gupta worked for Motorola before bootstrapping 42Gears into a profitable venture with international clients.
Chennai-based 2AdPro produces creative content for marketing campaigns in a cost-effective way for global brands. It also has tech products to help manage campaigns. Clarks, Tesco, and BBC are among its clients. The co-founders, Gopal Krishnan and Todd Brownrout, had long careers in the media and advertising industries before striking out on their own.
HR tech startup Edge Networks uses natural language processing, and deep learning to help companies hire talent and manage their workforce. The startup claims that HR is outdated in most companies, but a data-driven approach can improve the chances of connecting the right people with the right jobs.
Deloitte had earlier picked Edge Networks as one of the 50 fastest growing tech companies in India. It is also part of the latest batch at Google Launchpad.
Bangalore-based industrial IoT startup Flutura has already made a foray into international markets and is looking for further expansion. The best description of what it does comes from co-founder Derick Jose in an interview with Tech in Asia – a Fitbit for machines.
Flutura’s Cerebra product uses deep learning to predict outcomes for industrial machines. This has wide-ranging applications in maintenance, quality, and cost control. Equipment manufacturers use it for remote monitoring of machines and providing new services to clients.
Flutura recently raised US$7.5 million in series A funding from Vertex Ventures, Lumis Partners, and existing investors to push more aggressively into international markets.
Mumbai-based GOQii uses an app coupled with its fitness tracker to provide subscription-based personal coaching to help users interpret metrics and work towards their health and lifestyle goals. “I was running a gaming startup before this. It made me round as a volleyball as I would eat too many pizzas and never exercise. After it got acquired, I thought I would download all the fitness apps and get fit. But nothing worked. I had to consult a fitness coach who kept suggesting meals and recommended exercise daily,” GOQii founder Vishal Gondal told Tech in Asia in an earlier interview.
The startup raised US$13.4 million in series A funding from New Enterprise Associates and Cheetah Mobile, and was part of the first batch of Swiss Re’s accelerator in Bangalore.
Fintech startup I-Exceed has a suite of digital banking products. It has already made forays into Singapore and the US. Now it wants to expand into the European market, starting with the financial hub of London.
Software-as-a-service startup Intelligence Node uses big data analytics for insights into pricing of retail products. More than 100 retailers and brands already use its suite of SaaS products for merchandising strategies, optimizing prices in real time, inventory management, and so on.
Mettl is another SaaS startup. Its tools help enterprises with online assessments for hiring. It can also be used for learning and development tests. Its proctoring program can test a candidate or learner and give instant feedback to a recruiter or teacher.
Bangalore-based MSys Technologies provides tech services related to the use of data centers. These include storage, virtualization, cloud computing, UX engineering, and predictive analytics. It has expanded into the US and Southeast Asia, and is now looking to expand its footprint in Europe via London.
Bangalore-based RxPrism provides customer engagement tools and services, focusing on the healthcare domain which has special needs, such as creating a scientific animation video or tablet app. Headquartered in India, it already has local offices in the US, UK, Dubai, Singapore, and Japan. It hopes to expand its footprint in Europe, Australia, and China.
Bangalore-based SigTuple uses computer vision and artificial intelligence to automate what a pathologist does – examining slides under a microscope and diagnosing diseases. After running pilot programs in several Indian medical institutions, the startup recently raised a series A round of US$5.8 million – the biggest for any Indian healthcare AI startup. It is now looking to expand abroad.
SigTuple is also part of the current batch at Microsoft’s accelerator in Bangalore.
SaaS startup SirionLabs helps enterprises manage outsourced technology services, their suppliers, and contracts. “Sirion will monitor whether they’ve delivered, what they’re supposed to be doing, and if they’re complying with the contract. We’ll provide a picture of what was supposed to happen and use big data to tap into performance,” SirionLabs founder Ajay Agrawal told Tech in Asia in an earlier interview, after raising US$12.25 million in funding from Sequoia.
Smartivity Labs develops and provides activity-based smart learning experiences and toys for children between the ages of 3 and 14. Its DIY educational kits span physical and digital tools to build STEM (Science, Technology, Engineering, and Math) skills. These include robots, internet-connected toys and games, and an app delivering curated content.
Hyderabad-based SMSCountry, which began as a provider of bulk SMS, has evolved into a communication platform-as-a-service (PaaS) company. It enables developers to build real-time communication features in their apps – including messaging, voice, and video – without having to build the backend infrastructure for them.
Sokrati has a SaaS product to help ecommerce companies with analytics, optimization, and digital marketing. The SaaS module for digital marketing makes it easy to adopt for small businesses around the world. It also has an enterprise business for larger clients in the banking, telecom, travel, and auto sectors.
Real estate tech startup Square Yards helps users with property transactions in multiple countries. This covers the whole gamut from property research to transactional nitty gritty and financial support. It also helps real estate developers with marketing and events.
Stellaps provides end-to-end technologies to dairies. It uses IoT, cloud, mobility, and big data analytics to improve procurement for dairies, milk production, the cold chain, and farmer payments. Its SmartMoo IoT router acquires data via sensors embedded in milking systems, animal wearables, milk chilling equipment, and milk procurement peripherals. The data is analyzed on the cloud and disseminated to various stakeholders.
Activity-based travel startup Thrillophilia connects local tour operators with travellers. Suppliers apply to list their tours and activities on the platform, and the approved ones are listed for global users to book.
Thrillophilia was co-founded by Indian School of Business grad Chitra Gurnani along with her husband, Abhishek Daga.
Hyderabad-based Transcell Biologics has developed a stem cell repository for regenerative medicine to treat diseases like cancer, neurological ailments, and autoimmune disorders. It is backed by the Indian Angel Network.
Delhi-based Zenatix uses smart meters, IoT, and machine learning to reduce energy consumption for organizations. Automated and intelligent controls enable round-the-clock monitoring and optimization.
“The analytics engine slices and dices the data to come up with the energy consumption pattern of the building, down to each and every appliance in it. Then steps are taken to optimize that,” Zenatix co-founder Amarjeet Singh explained to Tech in Asia in an earlier interview.