Technology is a crucial part of today’s start-up era. Technology is filling-in a lot of gaps in various sectors. We can say that it is one of the pillars on which New-age entrepreneurs build their brands. Startups are actively using artificial intelligence (AI) to reimagine the customer experience and propel business success. In the last few years, innovation has increased significantly for two technologies: artificial intelligence (AI) and machine learning. IDC’s recent estimate projects that by 2025, the AI market in India will be worth USD 7.8 billion. There is no doubt that AI is driving growth for start-ups as well as providing customers with a seamless experience. Technology is disrupting every sector of the economy.
Let’s look at a few start-ups which are powering India’s tech revolution by putting technology at the forefront.
Aquaconnect: Founded by Mr. Rajamanohar Somasundaram, Aquaconnect is a technology-driven full-stack aquaculture input and outputs platform with embedded fintech, supported by a phygital distribution network. Aquaconnect provides data-driven farm advisory and marketplace solutions to fish and shrimp farmers through artificial intelligence and satellite remote sensing technologies. Its eyes in the sky and boots-on-the-ground model enable farmers to access to formal credit.
AgNext: Established in 2016 by Mr Taranjeet Singh Bhamra, CEO & Founder, AgNext has been successful in becoming one of India’s leading agritech start-ups. By using deep-tech solutions in the agriculture sector to solve persisting legacy issues, AgNext aims to facilitate trust and transparency in food value chains. Working in Deep technology, AgNext under Taranjeet’s leadership has pioneered computer vision, spectral and IoT based AI technologies, which today are employed at multiple transaction points enabling transparent and profitable trade in agriculture and food value chains.
Unnati – Unnati, conceptualized and co-founded by Mr Amit Sinha & Mr Ashok Prasad, is a fintech based Agri platform which aims to minimize the risks in farming and ensure much-needed transparency in the farming business. Unnati’s founders recognised the difficulties farmers experience as a result of farming’s lack of predictability and regular access to production inputs and information. Digital technology has the potential to play a key role and deliver immediate answers in this situation.
Their objective to connect farmers to a single digital platform that supports farm entrepreneurship has been their driving force, resulting in the development of a complete ecosystem for farm entrepreneurs. From Unnati financial services to crop-specific consultancy, the brand works with farmers at every stage of the farming life cycle to ensure a sustainable future.
Arzooo – Incorporated in 2018, Bangalore-based Arzooo is the brainchild of ex-Flipkart colleagues and IIT Kharagpur alumnus- Khushnud Khan and Rishi Raj Rathore. They had the notion to start a company like Arzooo that would reinvent and alter the way physical retailers sell gadgets. Khushnud Khan, Co-founder & CEO of Arzooo launched this B2B marketplace with a vision to transform retail with innovative technology. He is on a mission to empower 500,000 traditional retailers through the registered flagship tech platform of Arzooo ‘Go Store’. Disrupting the electronics retail market, Arzooo is transforming traditional small and medium stores into modern stores. The company focuses on creating solutions that will help retailers enhance their customer acquisition.
Swajal (Boon) – Founded by Dr. Vibha Tripathi, Swajal is enabling access to clean water to people across the socio-economic spectrum. Swajal is a multi-award-winning IoT-enabled water purification solutions provider. The company offers mineralized purified water with ultrafiltration and RO for as low as 50 paise per liter. The mineralized water by Swajal, provides pocket-friendly access to clean water through point-of-use water machines in public areas. The IoT and cloud technology provide great visibility of its deployments and effective after-sales service – preventing service disruptions even in remote locations. Swajal’s plug-and-play model and technology-intensive approach also bring greater cost-effectiveness and decrease operational overheads. The company, moreover, provides a seamless customer experience through flexible subscription-based services that leverage QR codes and RFID-based smart cards, while its franchise-driven model promotes local entrepreneurship and allows locally-generated revenues to be absorbed by the local economy.