Startup India 2020: Scheme, Benefits, Registration, Loan, Jobs & 50+ New & Best Startups in India
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From modern education to advanced HR management techniques, these new startups are killing it with their modern solutions to our urban problems, making them the best startups in India to consider for startup funding.

Dreams come alive as soon as you get out of your bed, sip your espresso and start hustling to achieve those goals. These best startups in India mentioned in this publication chose to put in their 110% to transform those lucid entrepreneurial dreams and ideas into reality under the Startup India movement. 

In 2014, India saw a sudden startup wave shaking the nation with its million-dollar ideas and innovative solutions to modern problems, and it hasn’t stopped ever since. Later in 2016, the government of India launched the Startup India Scheme as an initiative to promote the new startups of the nation by providing startup funding support, guidance, and industry-academia partnership & incubation opportunities.

Note: The Startup India Scheme has accumulated a 10,000 crore startup funding pool.

 

What is Startup India?

Startup India is essentially an initiative taken by the Indian government that aims at promoting and encouraging the entrepreneurial spirit amongst its citizens.

The overall idea involved in launching the Startup India initiative was to generate employment amongst the unemployed via startups while simultaneously working towards building self-employment for sole proprietors. 

Here’s how Startup India Program has been successful:

  • Almost, 15,472 startups recognized under Startup India
  • Over 1,48,897 startup jobs reportedly created by 13,176 recognized startups
  • Over 45% of recognized startups have a minimum of one or more women directors.

 

Startup India Registration

The steps involved in Startup India registration makes it even more convenient for startups to rely on the government’s scheme for its additional benefits.

Here are the steps involved in Startup India registration:

  • Ensure your company is registered as a Private Limited Company, Partnership firm, or a Limited Liability Partnership.
  • Register on the Startup India website here
  • Upload documents in PDF- LOR, Certificate of Incorporation & Business Description
  • Avail tax benefits 
  • Self certify that you fulfill the given conditions
  • Get recognition number, and that’s it!

 

Startup India Loan

The government launched the Pradhan Mantri Mudra Yojana in April 2015 in collaboration with regulated banks and NBFCs that provide Startup India loan to non-corporate, non-farm MSMEs in their initial or growth stage.

The types of loans provided under the Pradhan Mantri Mudra Yojana are:

  • Shishu: A loan of up to Rs 50,000 is provided to startups in their initial stage.
  • Kishore: A loan of Rs 50,000 to Rs 5 lakh is provided to startups aiming to expand.
  • Tarun: A startup India loan of Rs 5 lakh to Rs 10 lakh is granted tp startups in their growth stage.

Note: As per records, a total of Rs 6.04 lakh crore has been disbursed since the inception of the Pradhan Mantri Mudra Yojana. (link)

 

Startup Jobs Generated

As mentioned earlier, Over 1,48,897 startup jobs have been generated since the inception of Startup India. 

Not only have startup jobs helped in generating employment in a rising state of unemployment in the country, but it has also provided more significant opportunities at a smaller scale.

Personally, in my opinion, startup jobs guarantee to give you 10x more exposure than a normal job as you are assigned to complete multiple job roles, assuring quicker professional growth.

Note: Launching in February 2020, Hiredd.com will be providing some great startup jobs in India.

 

Kerala Startup Mission

Kerala’s government launched the Kerala Startup Mission as an initiative to promote the budding entrepreneurs of the state at a more compact level.

The mission serves as a platform to encourage and guide the young college entrepreneurs through mentorships and its incubator centers.

–> Click here to read more about the Kerala Startup Mission.

 

How Startup India Scheme has Helped Startups

Startup India Scheme has helped multiple startups with its financial and other support.

  • The government provides Income Tax Exemption to startups for the first three years of profits made by the company.
  • Capital Gains Tax exemption
  • Up to 80% rebate on patent costs
  • Simplified registration process

 

Start Up India Scheme: Benefits in 2020

The Start Up India Scheme was initiated by the Government of India back in January 2016 that aims at promoting different startups that, in turn, assists in generating employment, surging the economic state of the country. 

The Start Up India Scheme assists the entrepreneurs of India by providing start up business loan and tax benefits. It serves as pillars of support of motivating young entrepreneurs to proceed on their journey of startup success. 

Note: The GOI has allotted a fund of Rs 2,500 crores for the generation of innovative startups along with a credit guarantee fund of Rs 500 crores.

 

Start Up India Scheme – Eligibility

An individual must qualify the following eligibility criteria to apply for Start Up India Scheme:

  • The startup must be registered or incorporated in India for less than 7 years. For biotech startups, less than ten years.
  • Annual turnover must be less than Rs25 crores 
  • The main objective to work towards innovation, development, deployment, or commercialization of new products or services that are driven by technology or intellectual property
  • Must be a new corporation and not a result of splitting up or reconstruction of business
  • Must have the Inter-Ministerial Board certification 
  • Must be an incorporated as a private limited company, a registered partnership company or a limited liability partnership

 

Start Up India Scheme- Benefits

The startups fulfilling the eligibility criteria for the Start Up India Scheme can avail the following benefits:

  1. Financial Benefits
  2. Income Tax Benefits
  3. Registration Benefits
  4. Government Tenders
  5. Huge Networking Opportunities

 

1. Financial Benefits

The Start Up India Scheme provides its applicants and registrars with financial benefits for their organization. The government offers a refund of 80% for the high patent costs bore by the startups. It also assists in facilitating the patent registration process faster for startups.

–> 80% refund on high patent costs

 

2. Income Tax Benefits

Startups can acquire income tax benefits under the Start Up India Scheme that provides the registered startups an income tax exemption from the government for 3 years.

Moreover, the companies who have invested in specified funds can also avail exemption from capital gains in income Tax.

However, startups can avail of this benefit only if:

  • Obtained a certificate from the Inter-Ministerial Board

–> Income Tax exemption for 3 years 

 

3. Registration Benefits

Start Up India Scheme serves as the guiding light that helps startups throughout their registration process. The scheme allows you to facilitate your process of registration through its simple & quick application process. 

Further registration benefits provided by Start Up India Scheme are:

  • Single meetings at Startup India Hub elaborates upon critical steps of incorporating and registering your business. 
  • It provides a single doubt and problem-solving window for its participants.

–> Simplified registration process

 

4. Government Tenders

Acquiring government tender usually requires a lot of effort, making it a tedious task to gain access to them, especially being a fresher. Corporates and businesses often have their eyes laid on government tenders because of its attributes like high payments & large projects.

Start Up India Scheme allows startups to gain priority on acquiring government tenders, despite having little or zero experience. 

–> Priority for government tenders

 

5. Huge Networking Opportunities

Two startup fests are organized by Startup India annually to help promote the entrepreneurial spirit amongst the registered startups, helping them gain a broader exposure to the market.

It also provides access to many Intellectual Property awareness workshops. Startups gain opportunities to network with potential startup stakeholders and other great businesses in the startup community.

–> Opportunity to network with potential startup stakeholders

Click here to get more details on the Start Up India Scheme.

Overall, the Start Up India scheme has not only been able to uplift the registered startups but has also provided a supportive foundation for several other individuals looking to take their first steps for starting their business

 

Startups in India

Startups in India have been continuously proving their place in the market through the adoption of the latest advanced technology and hard work in the nation, which has marked its position as one of the largest startup hubs in the world.

The startups mentioned below have done no less. They have juiced out all the necessary requirements of the society and have put forth a beautifully convenient product/service for their consumers. Startups in India truly deserve recognition from individuals worldwide for the hard work and efforts put forth in our society.

Note: A total of 1,300 tech startups were added in the year 2019, taking the count from total tech startups in India to 9,300. 

 

Startups in Bangalore

Popularly known as the Silicon Valley of India, Bangalore has been home to the maximum number of startups in India undeniably. Various non-tech startups took inspiration from the top tech startups in Bangalore, which has helped in boosting the city’s startup culture.

Some of the startups mentioned below are prestigious additions to the already ripening startups in Bangalore ecosystem. Various startups are a part of the major industries of Bangalore like Biotechnology, IT services, Garments & textiles, etc.

Note: Bangalore has been ranked with the third-highest number of tech startups among the global cities of Silicon Valley and London. 

 

Indian Startups Killing it in India

Many startup ideas that were initially shunned upon have revolutionized the way that we digest the working of startups. With their strict work ethic, these Indian startups have procured the position of the top Indian startups killing it in the Indian economy. The firms and organizations listed below have put in efforts to offer A1 experience to their clients with their quality services. So if you’re wondering and wandering around the world wide web in search of the best innovative Indian startups in 2020, look no further.

Fact: India was ranked as the third-largest startup unicorn, according to the Hurun Global Unicorn List 2019. Check here.

 

Types of Startup Funding

There are five ways in which a new startup can gather startup funding for the functioning of its company. You can provide startup funding via:

  • Series funding
  • Crowdfunding
  • Loans
  • Venture Capital
  • Angel Investors

 

Startup Principles to Remember:

  • Focus on growth to thrive the progress
  • Provide solutions to an existing problem
  • Strive to fill the market gap
  • Challenge the traditional methods
  • All individuals must work towards a common goal

 

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Freshest Startup Ideas: 52 Best Startups in India

1. Benevo

Soumya
Soumya Baniwal is changing lives with her startup Benevo, an organization for Essential Life Skills & General Awareness training founded by her.

Industry: Education Management

City: Dehradun, Uttarakhand

Looking for Funding: Yes

Soumya Baniwal started her startup Benevo in 2017 for Essential Life Skills & General Awareness while providing individuals and organizations with a complete and comprehensive suite of training, advisory services (financial, management, HR & legal), and modalities. 

Read their full story here.

Visit their website here.

 

2. Review Your Employee

deepika-sharma-set-to-eliminate-manual-hr-work
Deepika Sharma, hailing from the serene land of Jammu & Kashmir, plans to launch RYE- Review Your Employee, a complete HR solution for companies.

Industry: Human Resources

City: Mohali, Punjab

Looking for Funding: Yes

Deepika Sharma’s ready to launch platform RYE- Review Your Employee is the perfect HR tool for companies to complete tasks like documentation, tracking down important events, ex-employee feedback verification, data management of employees, etc.

Read their full story here.

Visit their website here.

 

3. El Diablo Sauces

husband-wife-duo-enhance-the-traditional-sauce-recipes
In 2017, Tanya and her husband came up with the idea of fresh and unique sauce and hence inaugurated their startup El Diablo Sauces.

Industry: Food & Beverage

City: Gurugram, Haryana

Looking for Funding: Yes

The husband-wife duo of Nikhil Shankaran Kutty & Tanya Nambiar started their unique sauce startup El Diablo Sauces back in 2017 and has been climbing up the ladder ever since. The firm began with 3-4 flavors and now has 11 flavors ranging from sweet to super spicy. Additionally, El Diablo has also established a pan India presence via online marketplaces. 

 

Read their full story here.

Visit their website here.

 

4. Bajar

Yashraj Bhatia is set to change the offline retail game with his startup Bajar that let's retailers showcase their products on the online markets.
Yashraj Bhatia is set to change the offline retail game with his startup Bajar that let’s retailers showcase their products on the online markets.

Industry: Ecommerce (Retail)

City: New Delhi

Looking for Funding: Yes

DU alumni Yashraj Bhatia’s startup Bajar is all set to change the offline retail game. The retail platform offers retailers the opportunity to showcase their products & commodities on the online markets & allows the consumers to purchase the available items from their nearest local trader. Presently, the firm has over 4,000 retailers listed on their app from the major markets of New Delhi.

Read their full story here.

Visit their website here.

 

5. Digital Kangaroos

life-is-a-journey-you-never-know-where-one-step-might-lead-you-sania-gupta-talks-about-her-digital-marketing-startup-in-ludhiana
Sania never stopped chasing her dreams of achieving something in her life, currently running her digital marketing startup Digital Kangarooz in Ludhiana.

Industry: Marketing & Advertising

City: Ludhiana, Punjab

Looking for Funding: Yes

Sania Gupta’s startup Digital Kangaroos is a stellar Digital Marketing firm offering omnichannel digital marketing and web development solutions to its clients. At present, the company serves clients across the US, Canada, Australia, and India (Delhi, Chandigarh & Ludhiana).

Read their full story here.

Visit their website here.

 

6. Kindness

Chandani
Chandani believes lack of empathy is the root cause of the underlying issues relating to animal cruelty, neglect, and abuse. Her social venture, Kindness.

Industry: Social Work

City: Bhopal, Madhya Pradesh

Looking for Funding: Yes

Chandani Grover, a 10-year-old from Bhopal, has been working towards the betterment and protection of stray animals from abuse inflicted upon them. She started with her startup, Kindness, the day she witnessed a vehicle run over a stray puppy that made her heart sink. Chandani feels that lack of empathy is the root cause of the underlying issues relating to animal cruelty, neglect, and abuse.

Read their full story here.

Visit their page here.

 

7. Imbue Education

vivek-vashisht-speaks-about-his-educational-startup
The Noida-based alternate education startup, Imbue, believes in non-traditional ways of teaching. Unlike schools that limit to a standardized curriculum.

Industry:   E-learning

City: Noida, Uttar Pradesh

Looking for Funding: Yes

Vivek Vashist, with his Noida-based education startup Imdue Education, aims at transforming the traditional method of teaching at schools that limit the students to a standardized curriculum. Imbue assists kids to think beyond the four walls of a classroom and use their creative minds to grow together, identify problems, brainstorm solutions & acquire knowledge across domains in the process of problem-solving.

Read their full story here.

Visit their website here.

 

8. AS Technolutions Pvt Ltd

anubhav
Saxena’s startup, AS Techolutions, works on a B2B model where they provide a mobile app to the merchants, like, retailers, freelancers, and corporates.

Industry:  Fintech

City: Gurugram, Haryana

Looking for Funding: Yes

Anubhav Saxena’s startup AS Technolutions looks forward to being the one-stop-scan app for payments, replacing the cliched card payments system. The fintech company has already partnered and collaborated with eminent names of the industry like ICICI, AWS, and Startup India and is growing at a 20% growth rate MoM. By far, the company has executed over 55,000 transactions with more than $2 million GTV.

Read their full story here.

Visit their website here.

 

9. NgoJob

vishnu-sharma-developed-one-stop-platform-for-job-seekers
Vishnu Sharma, hailing from a small district of Madhya Pradesh, has started an independent platform, ngoJob.org that enables the recruiter to hire.

Industry:  Social & HR

City: N/A

Looking for Funding: Yes

Vishnu Sharma, hailing from a small district of Madhya Pradesh, started an independent platform, ngoJob.org, that facilitates recruiters to hire the best talents and jobseekers to get the best jobs in the development or social sectors in India. Vishnu’s platform is a resource portal for social sector enterprises, CSR Foundations, social ventures, NGOs, companies, and research organizations to reach out to job seekers and professionals for Jobs, Fellowships, Research, RFPs, and Tenders. 

Read their full story here.

Visit their website here.

 

10. Robogyaan

21-year-old Sitaram Tallam, co-founder of Robogyaan, is playing a vital role in the Robotics industry by changing lives and shaping minds with his startup.

Industry:  Robotics

City: Guntur, Andhra Pradesh

Looking for Funding: Yes

Tallam Sitaram is contributing his bit to the robotics industry in India by changing lives and shaping minds with his startup, Robogyaan, where they provide training programs on robotics in schools and colleges to students. Robogyaan also helps to impart robotics teachings to backward classes for free of cost in collaboration with NGOs. 

Read their story here.

Visit their website here.

 

11. QuadB

litesh-gumber-bandhul-bansal-changing-custom-apparel-culture-chandigarh
QuadB, founded by Litesh Gumber & Bandhul Bansal is India’s first 100% customizable apparel brand that focusses on delivering premium quality products.

Industry:   Apparel & Fashion

City: Chandigarh

Looking for Funding: Yes

PEC graduates Litesh Gumber & Bandhul Bansal’s startup QuadB is providing custom apparel solutions to college clubs, societies, associations, corporates, and more. QuadB is India’s first 100% customizable apparel brand and has worked for industry majors like UberEats, L’Oreal, Google, Microsoft, JP Morgans, Amazon, Swiggy, and Adobe, to SME’s in across northern India.

Read their story here.

Visit their website here.

 

12. Outbuds

Team Outbuds
Team Outbuds

Industry:  Social Media

City: New Delhi

Looking for Funding: Yes

With his social media startup, Outbuds, Sarthak Gupta aims at building real friendships and connections between individuals. The main purpose of Outbuds, which means buddies you can hang out within the real outside world, was to create a social app that is beyond the swipe up-down and left-right concept, which helps people to socialize like they did when they had no social media.

Read their full story here.

Visit their website here.

 

13. SVA Robotics

Industry:  Renewables & Environment

City: Ahmedabad, Gujarat

Looking for Funding: Yes

Rahewar, Jay Patel & Zaid Kesarani have co-founded SVA Robotics LLP that focusses on providing cost-efficient cleanliness solutions for solar power plants. As a solution to expensive cleaning techniques used for solar panels, Rahewar said that they decided to clean the solar PV modules at minor prices with services available 24×7 and 365 days on their mobile app and website.

Read their full story here.

Visit their website here.

 

14. OCEO

OCEO-TimesNext-Super-30
Vikram Gulecha’s OCEO is an IoT-enabled smart water purifier startup, a tech solution that works on providing accessible pay-as-you-use (per liter) model.

Industry:  Consumer Services

City: Bangalore, Karnataka

Looking for Funding: Yes

OCEO Water is an IoT-enabled smart water purifier startup, founded by Vikram Gulecha.OCEO is a tech solution that works on providing accessible pay-as-you-use for each liter model where the consumers pay only for the amount of water purified and consumed. With his startup, Vikram aims & visions to inspire the world, eliminating the single-use filter membrane housing & plastic water bottles, while providing everyone access to clean drinking water anywhere they work, rest, and play.

Read their full story here.

Visit their website here.

 

15. Solar Study

abhimanyu
Rathore initiated his startup Solar Study aiming to impart quality solar PV education in India and forming Clean Energy Leaders of tomorrow.

Industry:  Renewables & Environment

City: Mumbai, Maharashtra

Looking for Funding: Yes

Abhimanyu Singh Rathore’s startup Solar Study aims at imparting quality solar PV education in India and forming Clean Energy Leaders of tomorrow. The Solar Study Fellowship Program initiated under the startup provides the young fellows with all the necessary knowledge & support from giving a dedicated mentor to them to help scale the technical and market knowledge in real-time.

Read their full story here.

Visit their website here.

 

16. Small Bag Delivery

Industry:   Logistics & Supply Chain

City: Bangalore, Karnataka

Looking for Funding: Yes

Priyanka and Nikhil’s startup, Small Bag Delivery, is providing a one-tap solution for all the e-tailors and businesses, tech-enabled fulfillment services for same-day intracity delivery, and warehousing using its unique business model benefits to all the stakeholders. Small Bag Delivery provides: Hub pickup-Hub delivery & Doorstep pickup-Doorstep deliver.

Read their full story here.

Visit their website here.

 

17. cemX

Ashutosh Kumar
cemX is India’s first online platform with offline extension stores where a customer can buy cement of different brands at the best competitive price.

Industry:  Building Materials

City: Bangalore, Karnataka

Looking for Funding: Yes

Ashutosh & Sourav’s startup cemX is India’s first online platform with offline extension stores where a consumer can buy cement of different variety of brands available in the Indian market at the best competitive cost. The cement startup, presently in its revenue generation phase, envisions to bring the entire Cement Industry into the digital space by molding it into being a wholly hassle-free & bargain free sector. 

Read their full story here.

Visit their website here.

 

18. Now&Me

drishti-bani-shadowing-mental-health-taboos
The Lady Shri Ram graduates, Drishti & Bani strongly shared an opinion to make an impact on the world and thus started their online platform Now&Me.

Industry:  Mental Health Care

City: New Delhi

Looking for Funding: Yes

Drishti and Bani’s startup Now&Me is a safe online platform that assists people by allowing them to share their feelings & vent, anonymously, while getting constant community support & a helping hand. The platform stands firm as a symbol of self-expression & an archive of thoughts that motivates people to open up. The October 2018 launched platform has over 4,000 personal & heartfelt experiences that have been shared on their platform.

Read their full story here.

Visit their website here.

 

19. Podnet 

sachin-apoorva--long-range-wireless-network-iot-devices
Apoorva & Sachin’s startup Podnet provides a long-range wireless communication network for low power IoT devices while consuming 15 times less power.

Industry:  Telecommunications

City: Bengaluru, Karnataka

Looking for Funding: Yes

Apoorva & Sachin’s startup Podnet proffers a long-range wireless communication network for low power IoT devices while consuming 15x less power than any cellular network. Podnet’s communication network has been built as an alternative network for catastrophic calamity when there’s no electricity and no connectivity. Some of the uses of the startup comprise providing a network to temperature sensors in agricultural fields, pet & livestock trackers, smart dustbins in smart cities, safety monitoring in mines and factories, parking sensors, etc. 

Read their full story here.

Visit their website here.

 

20. Arttora

vinay-doggalli-startup-exclusive-art-platform-share-network-collaborate
Vinay’s startup, Arttora, is an exclusive art and skill platform that aims at creating a social network for artists and an art-loving community globally.

Industry:  Performing Arts

City: Bengaluru, Karnataka

Looking for Funding: Yes

Vinay & Rajesh’s social networking startup Arthora is an exclusive art and skill platform that aims at creating connections between artists and an art-loving community globally. It allows the artists to share, discuss, network, and collaborate upon ideas. The platform claims to already have 4,000+ users onboard over 20% active userbase in less than a month. 

Read their full story here.

Visit their website here.

 

21. Ahista Tea

how-ashmit-patel-is-reshaping-the-tea-culture-in-india-with-his-luxury-tea-brand
Ashmit’s startup Ahista is the first homegrown Indian brand to partner with a Michelin star restaurant & share their tea collection.

Industry: Food & Beverages

City: Ahmedabad, Gujarat

Looking for Funding: Yes

Ashmit Patel’s luxury tea startup Ahista Tea is the first homegrown Indian brand that has partnered with a Michelin star restaurant as well as the first to share their tea collection at Tamarind of Mayfair in London. The luxury tea brand specializes in single-batch progressive teas, culturally-inspired blends, & contemporary ceramics. Ahista gathers a selection of bespoke blends and experimental teas each year from India and regions that are historically influenced by Indian culture.

Read their full story here.

Visit their website here.

 

22. The Crazy Entrepreneur

mudassir-mandviwala-the-crazy-entrepreneur
The Crazy Entrepreneur is forming a global community of creators that will be led by the vision of creativity and collaborations.

Industry: Marketing & Advertising

City: Mumbai, Maharashtra

Looking for Funding: Yes

The Crazy Entrepreneur is a marketing & advertising startup started by the 18-year-old Mudassir Mandviwala that works as a bridge between creators and brands. TCE is creating a global community of creators to be led by the vision of creativity and collaborations. For the brands, The Crazy Entrepreneur carries out digital campaigns, influencer marketing, mobile marketing, online reputation management, and assist them in growing as a brand in a particular niche. 

Read their full story here.

Visit their website here.

 

23. Ethereal 

Ayush, an engineer turned filmmaker, started his YouTube journey back in 2013 and has grown to be one of the fastest-growing travel channels.
Ayush, an engineer turned filmmaker, started his YouTube journey back in 2013 and has grown to be one of the fastest-growing travel channels.

Industry: Media Production

City: N/A

Looking for Funding: Yes

Ayush Dinker’s media startup or YouTube channel is one of the fastest-growing travel channels that chooses a unique storytelling technique for his videos. Ayush started his YouTube journey back in 2013 when he turned into a full-time YouTuber from an engineer. Today, Ayush’s channel Ethereal has recorded over 4.9million views on its channel.

Read their full story here.

Visit their website here.

 

24. Coshal Art

Ankesh explains the motto of Coshal Art and how his startup is aiming at the revival of an ancient 'lost wax casting' technique that is called Dhokra Art.
Ankesh explains the motto of Coshal Art and how his startup is aiming at the revival of an ancient ‘lost wax casting’ technique that is called Dhokra Art.

Industry: Arts & Crafts

City: Raipur, Chhattisgarh

Looking for Funding: Yes

Ankesh Banjare’s art & craft startup Coshal Art focusses on reserving the artistic talents of our Country that often fade away with our ‘typical’ education system. The startup is working with small scale artists practicing Dhokra art from the interior regions of Bastar, Chhattisgarh. Their platform provides the artisans with an opportunity to turn their passion into a profession through proper guidance via mentors.

Read their full story here.

Visit their website here.

 

25. uoQpi

Neha Agarwal and Megha Agarwal, have held the torch in their hands as they enter the world of startups and entrepreneurship with their own startup, uoQpi.
Neha Agarwal and Megha Agarwal, have held the torch in their hands as they enter the world of startups and entrepreneurship with their own startup, uoQpi.

Industry: Coworking

City: Gurugram, Haryana

Looking for Funding: Yes

Neha Agarwal & Megha Agarwal’s coworking space startup uoQpi is a workspace for women with a safe space and an escape from the world to re-energize, re-boot, and re-connect. It is an excellent amalgamation of a community that is filled with like-minded women who are willing to collaborate with others to give out new ideas.

Read their full story here.

Visit their website here.

 

26. Keynotto

The whole idea of the Keynotto is to make the process of house hunting 'easy-peasy' as people need a reliable source to help them out.
The whole idea of the Keynotto is to make the process of house hunting ‘easy-peasy’ as people need a reliable source to help them out.

Industry: Real Estate

City: New Delhi

Looking for Funding: Yes

Sarthi Bharara’s real estate startup Keynottoo assists people in finding their new homes in the city without having to deal with brokers, and directly visiting the property, hassle-free. The key idea of the startup was to provide a reliable platform for people house-hunting within a city or intercity, thereby making the entire process of house-hunting ‘easy-peasy’.

Read their full story here.

Visit their website here.

 

27. Entitled 

Observing the conditions of the blue-collar employees in India, Anshul formed his startup Entitled as a financial wellness platform for them.
Observing the conditions of the blue-collar employees in India, Anshul formed his startup Entitled as a financial wellness platform for them.

Industry: Financial Services

City: Mumbai, Maharashtra

Looking for Funding: Yes

Anshul Khurana’s startup Entitled is providing financial services to blue-collared employees, assisting in the growth of financial literacy among the low wage worker section of the society. Entitled uses the employment information to build alternate credit profiles of workers, thereby allowing access to loans and salary advances, micro-insurance, micro-savings, discounts on healthcare and daily essentials, and financial counseling for workers.

Read their full story here.

Visit their website here.

 

28. Pashushala

Pashushala.com is an initiative by Gaurav Choudhary to organize the marketplace. The platform provides a one-stop-shop for livestock buyers and sellers.
Pashushala.com is an initiative by Gaurav Choudhary to organize the marketplace. The platform provides a one-stop-shop for livestock buyers and sellers.

Industry: Farming

City: Bangalore, Karnataka

Looking for Funding: Yes

Gaurav Choudhary’s startup Pashushala is focussed on providing organized livestock solutions to the struggling farmers in India. Pashushala indulges in fair trade, providing benefits to both the buyer & seller of the products. Additionally, it also brings financing agencies, transporters, veterinary doctors, & insurance agencies together in a managed environment.

Read their full story here.

Visit their website here.

 

29. Rapture Innovation Labs

Navajith and Jagath decided to launch their line of headphones as they began their startup, Rapture Innovation Labs Pvt. Ltd.
Navajith and Jagath decided to launch their line of headphones as they began their startup, Rapture Innovation Labs Pvt. Ltd.

Industry: Consumer Electronics

City: Bangalore, Karnataka

Looking for Funding: Yes

Navajith & Jagath’s consumer electronics startup Rapture Innovation Labs has launched its unique range of headphones, also known as a ‘new breed’ of headphones, developed for music enthusiasts and bass heads who wish for premium audio, and blissful experience.

Read their full story here.

Visit their website here.

 

30. Courseplay

Arjun Gupta turned into a techie by teaching himself everything about technology, and then he decided to start his own company in 2012 - Courseplay.
Arjun Gupta turned into a techie by teaching himself everything about technology, and then he decided to start his own company in 2012 – Courseplay.

Industry: E-learning

City: Mumbai, Maharashtra

Looking for Funding: Yes

Arjun Gupta’s e-learning startup Courseplay has been launched to bridge the gap between curiosity & knowledge. It is a scalable learning technology solution that began for enterprises & organizations to deliver delightful learning content, automate workflows, measure the impact for the people, ad engage hard-working employees using any device. 

Read their full story here.

Visit their website here.

 

31. AxleWeb Technologies

Anshul Shrivastava, with the passion of becoming an entrepreneur, decided to launch his startup- AxleWeb Technologies Private Limited.
Anshul Shrivastava, with the passion of becoming an entrepreneur, decided to launch his startup- AxleWeb Technologies Private Limited.

Industry: Computer Software

City: Dhekaha, Rewa, MP

Looking for Funding: Yes

Anshul Shrivastava’s startup AxleWeb Technologies focusses on developing chatbots and related products like Alexa skills, Google Home Actions & Chatbots for Facebook, Slack, Twitter, Telegram and Whatsapp. The startup is known to provide excellent chatbot development services to its clients. 

Read their full story here.

Visit their website here.

 

32. Khenshu

ishwarya is on a journey to bring the custom, handcrafted furniture market and combine it with various art forms and designs of India.
Aishwarya is on a journey to bring the custom, handcrafted furniture market and combine it with various art forms and designs of India.

Industry: Furniture

City: Bangalore, Karnataka

Looking for Funding: Yes

Aishwarya Reddy’s luxury furniture startup Khenshu focusses on building a creative luxury palatial experience to be embedded into our everyday lives. Khenshu produces handcrafted luxury furniture pieces, along with taking up orders for interior designing and customize the interiors with luxury offerings like gold foiled ceilings, mirror worked walls, etc.

Read their full story here.

Visit their website here.

 

33. GetLook

Getlook is a technology platform that combines with providing the best beauty services in the comfort of a customer's own homes.
Getlook is a technology platform that combines with providing the best beauty services in the comfort of a customer’s own homes.

Industry: Beauty & Hair

City: Bangalore, Karnataka

Looking for Funding: Yes

Gaurav Maheshwari & Vatsala Kothari’s online beauty salon at home service startup GetLook is a tech platform that provides the best beauty services in the comfort of a customer’s own homes. The client books the service depending on their schedule and from a carefully curated list of beauticians that are available in their locality. 

Read their full story here.

Visit their website here.

 

34. Saakrun Group

Industry: Consultancy & HR

City: Gurugram, Haryana

Looking for Funding: Yes

Saakrun Group, a startup initiated by Rohit Verma, is on a mission to provide solutions for various businesses as a business consultant as well as deal in multiple sectors like recruitment, BPO outsourcing, service providers. Saakrun Group’s contributing towards the education sector as well through various state and central government projects of India. Overall, the company deals in BPO| RECRUITMENT | EDUCATION.

Read their full story here.

Visit their website here.

 

35. TuSeva

TuSeva stands for Turant Seva, intending to provide accurate data to people by helping different sectors of the industry and fulfill their needs.
TuSeva stands for Turant Seva, intending to provide accurate data to people by helping different sectors of the industry and fulfill their needs.

Industry: Automotive

City: Bhopal, Madhya Pradesh

Looking for Funding: Yes

Akash Sonakia’s startup TuSeva is a platformed aimed at creating an organized space for the automotive industry in India. TuSeva assists people in selecting the right vehicle dealer or repair workshop for their vehicles, depending on their needs. It currently operates in Bhopal, Indore, and Raipur, and provide services for two-wheeler and four-wheeler vehicles.

Read their full story here.

Visit their website here.

 

36. Omay Foods

Launched in 2018, Omay Foods is a line of branded packaged foods that are bringing guilt-free snacking together with the concept of a healthy lifestyle.
Launched in 2018, Omay Foods is a line of branded packaged foods that are bringing guilt-free snacking together with the concept of a healthy lifestyle.

Industry: Food & Beverages

City: Jaipur, Rajasthan

Looking for Funding: Yes

Vijay Katta’s startup Omay Foods is a brand that provides packaged, ready-to-eat healthy snacks to its customers. All the products at Omay Foods are made using a home-style roasting method to produce oil-free, sugar-free & an all-nature delicacy. 

Read their full story here.

Visit their website here.

 

37. The Pass

Suraj Pandit's startup - The Pass, a website development agency focusing on using trending technologies that will suit best for the customer's brand.
Suraj Pandit’s startup – The Pass, a website development agency focusing on using trending technologies that will suit best for the customer’s brand.

Industry: Information Technology & Services

City: Mumbai, Maharashtra

Looking for Funding: Yes

Suraj Pandit’s startup The Pass aims at providing web development, SEO, social media, branding & media production services to its clients. Not only has the startup developed websites for individuals, but also, for different corporates from different industries.

Read their full story here.

Visit their website here.

 

38. NXC Controls

Nirav Patel worked hard to and gained enough exposure in the field of Information and Technology to start his IT consulting company - NXC Controls.

Industry: Information Technology & Services

City: Ahmedabad, Gujarat

Looking for Funding: Yes

Nirav Patel’s startup NXC Controls is an IT consulting company providing IT services to clients across the globe. The firm works to enhance the trade success of their clients with the help of their services. It provides services, including mobile app development, e-commerce, software development, web designing and development, embedded design, security system, AI ChatBot, & SEO.

Read their full story here.

Visit their website here.

 

39. GreenKaart

Let's see how Lave Tyagi, born in Siyana, District Bulandshahr, Uttar Pradesh is helping to solve environmental issues with GreenKaart.
Let’s see how Lave Tyagi, born in Siyana, District Bulandshahr, Uttar Pradesh is helping to solve environmental issues with GreenKaart.

Industry: Renewables & Environment

City: Ghaziabad, Uttar Pradesh

Looking for Funding: Yes

Lave Tyagi’s startup GreenKaart offers certified green products for various purposes like cleaning of bathrooms, toilets, rooms as well as they have a range of merchandise for glass cleaning, steel surface, and utensils cleaning, hard surface cleaning, carpet cleaning, etc. The company focusses on providing B2C & B2B sectors gain access to green products.

Read their full story here.

Visit their website here.

 

40. Social Change

Vinay Shindhe, a Social Entrepreneur from Hubli, Karnataka started - Social Change to Digitize the Social Sector & CSR Infrastructure Projects.
Vinay Shindhe, a Social Entrepreneur from Hubli, Karnataka started – Social Change to Digitize the Social Sector & CSR Infrastructure Projects.

Industry: Social & IT Services

City: Bengaluru, Karnataka

Looking for Funding: Yes

Vinay Shindhe, a social entrepreneur, started his startup Social Change to help digitize the social sector & CSR (Corporate Social Responsibility) infrastructure projects. Some of the most common sections that fall under the CSR are Health, Poverty, Eradicating Hunger, Safe drinking water, Sanitation, Education for Underprivileged, Rural Development, Environment, Conservation of Resources, Animal Welfare, Swachh Bharat, Gender Equality, and Women Empowerment.

Read their full story here.

Visit their website here.

 

41. The Mother’s Blossoms International Pre-School

Vandana Nagar and Arun Joshi are making the learning experience full of joy with their startup - The Mother's Blossoms international pre-school.
Vandana Nagar and Arun Joshi are making the learning experience full of joy with their startup – The Mother’s Blossoms international pre-school.

Industry: Education

City: Indore, Madhya Pradesh

Looking for Funding: Yes

Vandana Nagar and Arun Joshi’s educational The Mother’s Blossoms International Pre-School has been specially built to serve as the nurturing ground for young minds to grow. With their startup, they wish to be an effective and sustainable way for the parents and help them nurture the children rightly.

Read their full story here.

Visit their website here.

 

42. GBit Studios

Aniruddha Joshi's curiosity in the gaming world and his love for video games lead to the development of the student-run startup, GBit Studios.
Aniruddha Joshi’s curiosity in the gaming world and his love for video games lead to the development of the student-run startup, GBit Studios.

Industry: Computer Games

City: Warangal, Telangana

Looking for Funding: Yes

The student-run gaming startup GBit Studios was started by Aniruddha Joshi, a curious & passionate gamer. The gaming startup has developed and published games from scratch for the Google Play Store platform. Some of the games created by the GBit Studio include Maximum Velocity, Orbit Rush, Flick to Kick Rugby & Revenge of the Suduko.

Read their full story here.

Visit their website here.

 

43. UdyogYantra Technologies

UgyogYantra Technologies founded by Ankur Jain is working in the direction of developing solutions for Industry 4.0 to make manufacturing efficient & smart.
UgyogYantra Technologies founded by Ankur Jain is working in the direction of developing solutions for Industry 4.0 to make manufacturing efficient & smart.

Industry: Industrial Automation

City: Dwarka, New Delhi

Looking for Funding: Yes

Ankur Jain’s startup UgyogYantra Technologies is working on developing solutions for Industry 4.0 to make manufacturing efficient & intelligent. It builds an intuitive, network, and cloud-ready AI-based solutions to help industries bring AI into manufacturing and assembly processes. A product under development is Smart Microwave for Cloud Kitchens, where the recipes can be updated for all microwaves throughout the Country using AI-driven quality checks.

Read their full story here.

Visit their website here.

 

44. Quinfy

Aashish Singh's aim was to build a platform that would verify digital identities from stored, tested, and validated data from trusted sources.
Aashish Singh’s aim was to build a platform that would verify digital identities from stored, tested, and validated data from trusted sources.

Industry: IT & Services; HR 

City: Gurugram, Haryana

Looking for Funding: Yes

Aashish Singh launched his startup Quinfy Technology Private Limited with an aim to improve the background checking process more manageable & efficient by building a pre-verified and interactive database to be accessed by employers for immediate verification, created with the use of blockchain technology. 

Read their full story here.

Visit their website here.

 

45. SuTa

Started by two sisters, Sujata and Taniya, SuTa is a brand that is trying to make the traditional outfit - Saree more accessible to young generations.
Started by two sisters, Sujata and Taniya, SuTa is a brand that is trying to make the traditional outfit – Saree more accessible to young generations.

Industry: Apparel & Fashion

City: Mumbai, Maharashtra

Looking for Funding: No

Launched by two sisters, Sujata and Taniya, SuTa is a brand that was formed with a simple business idea – to bring back saree in the market at affordable prices and designs that would attract all generations, especially, for making it more accessible to the younger generations. SuTa is helping people who left their towns to make a living in the city make more money by working in professions that are opposite of what they have been doing. 

Read their full story here.

Visit their website here.

 

46. Life-Bolt Innovation

Akash, who is working in building a self-defense device through his startup - Life-Bolt Innovation. Let us uncover his startup journey.
Akash, who is working in building a self-defense device through his startup – Life-Bolt Innovation. Let us uncover his startup journey.

Industry: Electrical & Electronic Manufacturing

City: Bangalore, Karnataka

Looking for Funding: Yes

Akash’s startup Life-Bolt Innovation aims at providing security solutions enabled by an advanced tech through its defense device. The firm offers IoT solutions to the Industries currently having clients in the manufacturing and F&B industry. Its wearable security gadget is easy to carry on the go as the individual travels. It even gives the accountability on to who is the user, where he/she has used the device, etc. 

Read their full story here.

Visit their website here.

 

47. VPS Techub

The idea of empowering the employees by providing automation inspired Gunarjun Chawla to work in this direction, and this gave birth to VPS Techub.
The idea of empowering the employees by providing automation inspired Gunarjun Chawla to work in this direction, and this gave birth to VPS Techub.

Industry: Automation

City: Mumbai

Looking for Funding: Yes

Gunarjun Chawla’s startup VPS Techub started with the idea of empowering the employees by providing the organization with automation. The process of automation can handle about 45% of the repetitive work, which makes time for workers to do more tasks in the company.

Read their full story here.

Visit their website here.

 

48. Ginny’s Planet

To create a more empathic world, Shweta Verma and Jamal Siddiqui decided to start their enterprise - Ginny's Planet. Let's uncover their startup journey.
To create a more empathic world, Shweta Verma and Jamal Siddiqui decided to start their enterprise – Ginny’s Planet. Let’s uncover their startup journey.

Industry: Consumer Services

City: New Delhi

Looking for Funding: Yes

Shweta Verma and Jamal Siddiqui’s startup, Ginny’s Planet, is on a mission to make this world a better place where individuals are treated equally, despite their differences. Disabilities and imperfections shouldn’t stop our saplings from flourishing into giant trees. The duo introduced Ginny doll, a young girl who has a radial club hand and vision problems and is the lead character of their storybooks, fighting the ‘typical’ lead stereotypes.

Read their full story here.

Visit their website here.

 

49. Reema’s Garden

A gardener by passion and the founder of Reema's Garden by profession, Reema had a long journey planned when she started gardening in 2015.
A gardener by passion and the founder of Reema’s Garden by profession, Reema had a long journey planned when she started gardening in 2015.

Industry: Environment & Gardening

City: Pune, Maharashtra

Looking for Funding: Yes

Reema Gopalan’s startup Reema’s Garden aims at spreading awareness for a cleaner environment. Reema’s blog turned to a website that was introduced as a way to spread awareness among people and motivate them to pick up gardening as a hobby. Not only does it serve as a great hobby, but it is also a one-stop solution for many urban problems like stress, pollution, waste management, making kids aware of nature, etc.

Read their full story here.

Visit their website here.

 

50. Visage Technology

Founded in 2019 by Ajitabh Kumar, Visage Technology is working on developing a computational modeling tool for oil and gas reservoir simulation study.

Industry: Oil & Gas

City: Noida, Uttar Pradesh

Looking for Funding: Yes

Ajitabh Kumar’s startup Visage Technology is working on developing a computational modeling tool for oil and gas reservoir simulation study. The modeling tool will be used by the companies that are operating in the oil and gas sector to assess the surface of the reservoir and design a plan to proceed accordingly.

Read their full story here.

Visit their website here.

 

51. Melodypipers

upasna-dhankar-journey-academic-oracle-to-social-entrepreneur
Upasana and her team have been addressing the counseling needs of people in an increasingly conflict-ridden world with her startup Melodypipers.

Industry: Social-Legal Services

City: Gurugram, Haryana

Looking for Funding: Yes

Upasana Dhankhar’s startup Melodypipers aims at addressing the counseling needs of people in an increasingly conflict-ridden world. Additionally, it is also working towards creating content that assists in building happy people & honest relationships. Melodypipers works towards creating content that helps in building happy people & honest relationships.

Read their full story here.

Visit their website here.

 

52. RevFin 

RevFin aims at providing loans to individuals irrespective of their education, geography, past credit performance, or language fluency.

Industry: Financial Services

City: New Delhi

Looking for Funding: Yes

With his fintech startup RevFin, Sameer Aggarwal aims at providing loans to individuals irrespective of their education, geography, past credit performance, or language fluency using biometrics, psychometrics, and gamification as an alternative to banking transactions and credit bureau data.

Read their full story here.

Visit their website here.

 

These were the top 52 groundbreaking Indian startups that must watch out in 2020. While some are providing efficient ways to tackle orthodox problem solvers, others have come up with innovative solutions to the problems of urban India, ranging from agriculture to finance to IT.

 

Interested to Invest? 

So, did any of the above mentioned innovative startups catch your eye? Are you interested and willing to invest in any of these startups? If yes, then fill out the form mentioned below and foray into your investing venture.

Click here–>

https://tmn.typeform.com/to/fdVjzC

 

Starting a startup requires a whole lot of courage from the entrepreneur’s side. Leaving your regular source of income from your 9 to 5 job to risk having a 7 to 12 business with a chance of having high profits to endured losses. 

get funding for startup in India

Are you ready with your startup idea and have already prepared your product prototype but still can’t figure out how to get funding for startup in India? In this article, we’ll be answering all your startup funding related questions like how to raise funds for startup in India, where to raise startup funding from, who provides you with the startup funding, etc.

Related: How to Start a Startup in India?

 

How to Get Funding for Startup in India [in 2020]?

There are several ways of accumulating funding for startups in India. While some of these methods involve lending amount from friends, family & relatives, the other, mostly used methods of raising funding for startups in India are:

  1. Bootstrapping
  2. Crowdfunding
  3. Venture Capitalists
  4. Angel Investors
  5. Business Incubators & Accelerators
  6. Bank Loans

 

1. Bootstrapping

Bootstrapping, also known as self-funding, is the first method you can use to gather funds for your startup from your capital. Usually, initiating a business requires a comparatively lower amount of investment, which can be easily be extracted from your capital savings, if you want to.

get funding for startup in India

 

Additionally, while bootstrapping, you can also include fundings contributed from:

  • Family
  • Friends
  • Relatives

The number 1 benefit of bootstrapping your business is that it gives you the power of being the ultimate boss of your startup, where you are not answerable to anyone for your business-related decisions.

 

2. Crowdfunding

Crowdfunding is one of the newest funding techniques that have been adopted by startups lately and has been gaining popularity ever since. In this method, you present your startup pitch to the audience, which then decides if they desire to support the startup via donations. Their decision to fund a startup somewhat depends on how convincing your business model is.

get funding for startup in India

Why prefer crowdfunding:

  • Since you are dealing with the ultimate consumers, it helps marketing your product/service before gaining finances
  • It provides power in the hands of the audience instead of pro investors/brokers
  • A successful campaign can attract serious investors.

 

3. Venture Capitalist

Once you’ve passed the initial stage of starting your startup and have commenced on developing your product/service, it time to lure potential venture capitalists with your excellent business model.

Venture capitalists are individuals or organizations that invest their professionally managed funds in companies holding huge potential that have already started generating revenues. 

 

Types of venture capital fundings are:

  • Seed money: Low-level financing
  • Startup: Funds for marketing & product development for startups
  • First-round: Manufacturing & early sales
  • Second-round: operational capital fund
  • Third-round: Mezzanine financing
  • Fourth-round: Bridge financing

 

4. Angel Investors

Angel investors are individuals that have access to excess funds in their reserves that they strive to invest to gain higher equity returns. Angel investors are usually individuals having a strong sense of the market and its whereabouts.

As the name reflects it, angel investors use their knowledge to mentor and guide the startups to help them succeed in their niche.

Note: Some famous Indian Angel Investors include Rajesh Sawhney (1), Surojit Chatterjee (2), Binny Bansal (3), Rajan Anandan (4), Meena Ganesh (5), and more. 

 

5. Business Incubators & Accelerators

Business incubators and accelerators serve as an excellent opportunity for individuals looking for answers to questions like how to raise funds for business in India. Multiple business incubators and accelerators are spread across the major cities of India.

The difference between a Business incubator & accelerator is:

  • Business Incubator: Helps a startup and guides a startup by providing nurturing tools and training to enhance a business
  • Business Accelerator: Instead of guiding step by step, accelerators assist a startup by mentoring and guiding them to make sound decisions that would help them succeed by taking a giant leap. 

Some popular Indian incubators & accelerators include Indian Angel Network Incubator (6), The Hatch (7), Technology Business Incubator- IIT Delhi (8), Tlabs (9), Veddis (10), etc.

 

6. Bank Loans

Ever since the launch of the Startup India Scheme & Stand Up India Scheme, the government of India has been providing low-interest capital loans and funding to entrepreneurs for the functioning of their businesses.

get funding for startup in India

To get a loan from the bank, you need to share your business plan along with the valuation details and project report on the basis of which the loan needs to be sanctioned.

Note: Some popular banks that provide business loans collateral free are Bank of Baroda (11), HDFC (12), Axis (13) & ICICI (14) banks.

 

It is suggested to make use of the bootstrapping method initially for commencing your startup, which can later be expanded and by gathering funding using any of the methods as mentioned above by an entrepreneur. We hope we were able to provide answers to your questions like how to get funding for a startup in India, how to raise funds for business in India, etc.

Disclaimer: The views, thoughts, and opinions expressed in the article have been curated for our audience and does not warrant a 100% accuracy. All the information mentioned in the article is subject to change according to the changing viewpoints. Feel free to reach us at [email protected] for any change or copyright issues.

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Saumya Uniyal
Saumya Uniyal
A passionate writer with bachelor’s in the field of English & Journalism. Other than being a bibliophile, some of her hobbies are travelling, photography and poetry.

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