Agro & Food Processing
53 Indian agritech startups raised $313 Million in 2017. Agriculture value chain requires disruption and innovation to tackle inefficiencies – which would come from tech-driven startups rather than traditional players. Agritech startups can help farmers about opportunities, be it credit or technologies. The funding opportunities lay in storage, improving supply chain, quality seed procurement, increased production, capturing real-time data, image analytics, and technology for soil scanning.
India’s is home to 990 foodtech startups with food delivery market worth $15 billion is ranked 6th in the world and is to grow at 12% CAGR till 2021. Investors seem to have started 2018 with a healthy appetite for foodtech startups as it saw investment worth $370 million. The Indian food industry has witnessed huge growth in past years and this sector has huge potential. The Foodtech market is stabilizing as startups are focusing on core issues rather than banking on sentiments.
Healthcare market in India is poised to grow to $280 billion in 2020. Health technologies are supposed to boost the quality of healthcare delivered through earlier mechanisms, reductions in hospital stays and rehabilitation times. Big Data, IoT, Artifical Intelligence (AI) and Machine Learning (ML) are the Healthtech Technologies as EMR & HER, cybersecurity are a few challenges to healthcare startups. Healthtech startups are innovating to utilize organized data, listings and features within the devices, medicines, vaccines, procedures and systems developed to resolve pathological state and develop quality of lives by saving precious time also. This includes the online OPD’s, procedures, prescribed drugs and devices home-delivery, and structured systems utilized in the healthcare industry.
India’s Edtech industry is to grow eight-fold to $2 billion by 2021. 125 Startups were funded between 2014 and 2016, with a total investment of $256 million. Re-skilling and online certification is valued at $93 million, primary and secondary education is at $773 million and Test preparation stands at $515-million. Startups are emphasizing on enhancing communication skills of students and are innovating new approaches of teaching and learning through use and integration of diverse devices and media. Although this developing field sound like a specialized niche, its impending implications are far-reaching and will affect mass populace positively, removing the disparity to education in society. The startups that raised more than $10 Million in Edtech sector are Simplilearn, Toppr, BYJU’s and EduPristine.
FinTech market amounts to US$53 Million in 2018 and is expected grow 17.8% with largest segment of Digital Payments. FinTech startups have received $2.7 billion funding in 2017 which has democratized financial services, thereby allowing non-traditional firms and startups to enter the digital payments market. By harnessing the power of nascent technological developments in areas such as Big Data analytics and cloud computing, FinTech have become key players, through ability to transform financial services, from the revolutionising back office processes to consumer accessing a bank account on a smart device, to harnessing the power of the blockchain, it is clear that FinTech is going to be a major force in the coming years. Have your FinTech startup cracked the code?
Technology startups, for their perpendicular scope and with their inspiring applications and numbers, have formed the backbone of the ecosystem which in turn is playing a key role in the growth of the economy. India’s ranking is the fourth largest startup hub in the world with over 3,100 startups. Software products and services revenues for 2019-20 are projected to grow at 12-15%. The policies for startups and SMEs (small & medium enterprises) are going through a revival process to make sure that the machinery is supportive of these new businesses and the process does not become an impediment in starting up. Single window clearances, tax benefits, subsidized resources in early days are some of the incentives which have been rolled out in this direction. Recognizing the need for greater penetration of IT services domestically, the Survey notes that the government’s ‘Make in India’ mission has included IT and BPM among the 25 focus sectors.
The Indian e-commerce market is expected to grow to US$ 200 billion by 2026 from US$ 38.5 billion. The estimation is that e-commerce market is expected to cross US$ 50 billion by 2018. Amazon contributed Rs 6,200 crore (US$ 1 billion) in e-commerce business arm in India amid the calendar year 2017. The scope of e-commerce is growing year by year according to market demand which is driving out innovations and addition of several features, for example, Artificial Intelligence. Bank Bazaar, brought US$ 30 million up in a financing round drove by Experian, taking the organization's aggregate funding to US$ 110 million. Tremendous opportunities are waiting for you in this startup sector of RetailTech!
Understanding the different types of startup businesses can help government organizations create supportive ecosystems. Send in your entries in UPStartup Conclave if your idea or product does not fall into the listed categories. Here are some details of the best ‘Other’ category startups, you might fall in.
Indian fashion e-retail market is expected to touch $35 billion by 2020. Many startups have overcome challenges like high inventory, insurance, and logistics costs by taking cautious decisions like following a complete in-house model.
Emissions are rising. Energy prices are on the rise. Therefore there has been an increase in interest in new clean technologies, “Cleantech” in areas ranging from storage, energy generation, oil & gas to water, recycling, agriculture, transportation, and renewable and alternative energy.
Conventional gaming has historically dominated consumer spend on video games. However, there has been a growth in consumer spending in the segments of the digital and mobile game, which is expected to drive growth for the Video Games market.
Social Startups "For Profit"
There are over 400 social tech startups in India today, growing at over 20 per cent year-on-year. Startups that are providing products and services that solve societal and environmental problems are gaining a following. With the onset of heavy technological solutions, social entrepreneurs are able to use, create, manage, and exchange information to have a lasting and far-reaching impact.
With its diverse and complex socio-cultural environment, high economic inequality between urban and rural areas, and low human development index, India definitely demands skillful navigation of its unique challenges. But in challenges lie opportunities: focused government policies, quickly rising investor interest, and a raw entrepreneurial energy waiting to be unleashed has positioned India to take these challenges head-on.