The Indian start-up ecosystem has always been flourished with ideas, creativity, and execution. While 2020 has been a roller-coaster of a ride for many businesses and companies, not only this pandemic has brought many challenges and hardships but also brought numerous opportunities for businesses to learn and adapt for the future. Many start-ups are adapting, innovating, and moving forward even in this pandemic. This has encouraged many investors to provide start-ups and other entrepreneurial ventures with the funding to think big, grow rich, and leave a lasting impact. Within just three months into 2021, the Indian start-up ecosystem has already grabbed more than 125 deals raising more than $1.5 billion in funding. Here are some of the exciting start-ups to look forward to in 2021.
Resha mandi is a Bangalore-based agritech start-up that is digitizing India’s silk supply chain. It is India’s 1st award-winning technology-led digital ecosystem for Silk. This start-up is working with more than 2300 farmers and has IoT devices deployed across 10 rearing centers to address the inefficiencies and organize the silk industry in India. Recently, this startup has raised $1.7 million in seed funding led by Omnivore and Strive Ventures with participation from Axilor Ventures and Supply Chain Labs (Lumis). This agritech start-up is one of the top start-ups to look forward to in 2021.
Founders: Utkarsh Apoorva, Mayank Tiwari, and Saurabh Agarwal.
Investor: Omnivore, Strive ventures
Amount: $1.7 million
Masai School is a Bangalore-based Edtech start-up that offers skill-based courses to students on an income-sharing model. When students get placed after the course, they pay a portion of their salary to the company for the next three years. If they don’t get a job within a year, the course is free. It aims to be an alternative for college education in India. It has recently raised $5 million in Series A funding led by Omidyar Network India
Founders: Prateek Shukla, Nrupul Dev, and Yogesh Bhat
Investor: Unitus Ventures, Omidyar Network India
Amount: $5 million
GoodGamer, a Bangalore-based gaming start-up is India’s first Daily Fantasy Sports and true Esports gaming platform. It claims to have reached 250K registered users within the first month of launch. This is a skilled-based platform that allows users to enter daily fantasy contests to win real prize money. It has recently raised $2.5 million in its seed funding round led by an undisclosed group of investors. This gaming start-up is one of the top start-ups to look forward to in 2021.
Founders: Charles Creighton
Investor: Undisclosed group of investors.
Amount: $2.5 million
Ok, Credit is a Bangalore-based bookkeeping start-up that simplifies credit account management for shop owners and their customers in tier II, tier III, and beyond cities. It has received Rs 80 crore in an equity funding round from its California-based parent entity OkTech Inc in 2019. Overall, OkCredit has raked in more than $84 million in the capital in a mix of debt and equity financing rounds. This fresh capital would be utilized towards funding its growth and business operations.
Founders: Aditya Prasad, Harsh Pokharna
Amount: More than $84 million so far
Earth Energy is one of the top start-ups to look forward to in 2021. It is a Mumbai-based EV start-up that aims to develop smart, affordable, and easily adoptable electric vehicles for consumers and businesses. In 2020, the company raised a seed round funding led by LR Joshi, MD of Pranada Biopharma, along with other private equity investors.
Founders: Rushi Shenghani
Sector: Electric vehicles
Investor: Pranada Biopharma
It is clear that despite the pandemic, Indian start-ups continued to battle hard with resilience and empathy. The upswing in telemedicine, live coding boom, rise in online gaming, growing grocery e-commerce, and many more such trends brought by the pandemic and digital transformation has resulted in many entrepreneurs coming with bright and much-needed business ideas. Thus, these are some of the top start-ups to look forward to in 2021.