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Rising innovative startups in India

Rising innovative startups in India

From fintech startups to supply chain management startups, the Indian startup industry is witnessing the rise of a plenty of unique, innovative startups which are attracting investors from everywhere. Let’s have a look at such startups.

1. Reap Chemist: It is a Mumbai based startup which was founded in January’ 2016. It is working towards assisting pharmacies of India in tracking complete chain of supply and distribution along with recommending solutions for an issue, and monitoring the movement of goods. Reap Chemist is working extensively towards organizing a well fragmented network of suppliers, distributors, as well as hospitals. In this context, the listed distributors and suppliers on Reap Chemists get assistance in maintaining connections with chemists, where they can modify and change orders as and when needed. Recently it acquired an undisclosed amount of seed funding from Kunal Shah and Sandeep Tandon, the founders of a mobile wallet startup Freecharge. Gagan Goyal, founder of Thinklabs and Nitin Saluja, co-founder of Chaayos also participated as the angel investors in this seed funding round.

2. Seynse: Seynse is known for creating its unique online lending platform Loan Singh which came into existence in the year 2015. Loan Singh works as a proprietary software and uses machine learning and analytics to analyze the creditworthiness of a borrower. It is working extensively towards catering to the needs of such borrowers who have no collateral to offer against a loan. Recently, India’s biggest telecom operator Airtel acquired a stake at Seynse. Airtel is going to use Seynse products for strengthening and paving strong financial foundation for its operations. This would also help Seynse reach a customer base of an approx 200 million users of Airtel.

3. Vebbler: Vebbler initiated its journey in 2013 as a personalized photo sharing platform which allows groups to share instant photos, celebrations, and other occasions with just a single tap. With an extended user base in 108 countries, Vebbler’s consistent hard work has helped it in getting selected for Facebook’s FbStart program. Along with acquiring funds worth US$40,000, the FbStart program will give it access to open-source tools such as React Native for building apps accompanied with few other analytics tools.