‘Startup’ has been an innovators’ buzzword for a few years now. We have seen huge growth and expansion in this area, not just within India, but the world too. Unfortunately, very few startups have the potential to become big businesses. They die a natural death for lack of consistent ideas, investment avenues and long-term viability and sustenance. But some succeed with their innovative ideas. These entrepreneurs not only have the passion to perform, but also ensure that they do their homework and march ahead in a thought through and planned manner.
Let’s look at some of the startups in India which have the potential to grow big time. These are young in the business but have the dynamism required to do well.
Tonbo
Tonbo is a supplier of advanced night-vision imaging systems to global military forces and defence agencies. It offers a suite of solutions for military surveillance, infrastructure security and transportation safety. Founded by Arvind Lakshmikumar in 2012, its growth is driven by increased demand from emerging markets that are looking to modernize their aging military equipment.
Also read: Budget Session 2018 starts today; all you need to know
Uniphore
Uniphore, was co-founded by Umesh Yadav and Ravi Saraogi and is headquartered in Chennai.
They have pioneered the development of integrated and smart speech-recognition applications and boast a roster of high profile customers across many industries, including banking, insurance, BPOs, agriculture, lending/MFI, healthcare and government.
Parallel Dots
Founded by Angam Parashar, Ankit Singh and Muktabh Mayank, Parallel Dots is passionate about making life simpler for internet users through its technical know how.
Druva
Founded in 2008 by Jaspreet Singh, Milind Borate and Ramani Kothandaraman, Druva’s solutions collect data and unify backup, disaster recovery, archival and governance capabilities onto a single, optimised data set.
Unbxd
Founded by Sondur and Prashant Kumar, Unbxd’s artificial intelligence (AI) powered plug-and-play solution enables online retailers to capture the 15-40% in revenue that is lost due to a poor product discovery experience. The platform delivers a customized experience to consumers resulting in better conversions. Their revenues grew 400% in the past year.
HackerEarth
HackerEarth was founded in 2013. It was borne out of a desire to host hackathons and encourage participants and sponsors to get the most out of events. Last year, the company rekindled the focus when it introduced a second service — Sprint — which is targeted at corporate companies seeking fresh ideas.
Whodat
Founded in 2013 by Kaushik Das and Sriram Ganesh, the Bengaluru-based Whodat provides augmented reality technology stack or software to other businesses.
Absentia
Absentia was founded in June 2015 by Shubham Mishra, Vrushali Prasade, and Harikrishna Valiyath, three third-year dropouts from BITS Pilani Goa Campus, with an aim to bridge the gap between existing e-content and virtual reality and extend that experience to everyone.
Flutura
Founded in 2012, by Krishnan Raman, Derick Jose and Srikanth Muralidhara, Flutura is a big data analytics solutions provider with a vision to transform operational outcomes by monetising machine data.