How These Emerging Tech Start-ups are Disrupting Indian Tech Industry
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India is an emerging market for technology start-ups. So far, more than half of the unicorns in India are technology-based. Indian start-up ecosystem is leveraging technology and intersecting it in every field right from food to finance, real estate to education. In a recent development, Crunchbase, enlisted 6 Indian technology start-ups as part of its 50 Hot Tech Companies Globally in 2019.
The list includes BharatPe, QuickRide, Ftcash, Fyle, Freshtohome, Spinny.
The QR code-based payment app for offline retailers and businesses has raised a total of $17.5M.
The intelligent expense management platform for enterprises is at a nascent stage when it comes funding but its impact is large. Founded in 2016 by Yashwanth Madhusudan and Sivaramakrishnan Narayanan, Fyle has raised $5.9M till now.
The application which provides services such as carpooling, bike pooling and ride sharing caters to more than 1.7 million users in over 8 cities. It has raised $14.3M.
The fintech start-up empowers the underserved micro-merchants through financial inclusion using digital payments and loans. It has raised $10.2M up till now.
A one-stop gateway for fresh and chemical-free seafood, Freshtohome has raised $11M till now. The Bangalore-based start-up has been gaining popularity for its unique e-commerce combined with fresh and safe seafood delivery concept.
Spinny is a tech-powered new age used car buying platform. It combines the elements of technology, finance and car and is disrupting all three industries while never letting go of the aspect of trust. It has raised a total of $18.2M in total. Recently, Spinny made news for acquiring Gurugram-based start-up, Hopcar, of the same industry.