Tech startups in India

Tech startups in India building resilience amid disruption

by | Feb 27, 2021 | Covid-19, Technology

Tech startups in India have successfully played a pivotal role in healing the economy and reviving hopes.
Share to lead the transformation

Indian tech startups are setting a perfect example of building resilience amidst the crisis. Even though the havoc wreaked by the COVID-19 pandemic was unprecedented and resulting in severe pain, it is also true that the outbreak profoundly influenced indigenous innovations, new tech startup ideas, and digital transformation roadmaps in India. (See: Digital transformation deals put IT sector back on track)

When businesses were scrambling to find the best ways to deal with the crisis, Indian tech startups emerged as a force to reckon with. According to a recent Nasscom report, India added a whopping 1600 plus tech startups in 2020 and has become the third-largest tech startup ecosystem in the world after the US and China. 

Ravindra Kumar, IT Delhi Alumni AssociationRavindra Kumar, President, IIT Delhi
Alumni Association

“Fostering entrepreneurship and nurturing tech startups has always been a key priority area for IIT Delhi. We utilize technologies such as artificial intelligence (AI),
blockchain, and cloud to get all our students and alumni together and build a global outreach.”

Rajesh Kumar, Founder CEO of Sabzibhazi.com

“The last few months have been good for our business. As people moved to digital channels for their grocery shopping needs, we got thousands of new customer registrations, and there is substantial revenue flowing in now. We are planning to expand our operations and upgrade our app interface for better positioning.”

Akhilesh Shukla, TechshotsAkhilesh Shukla, Co-Founder and Editor TechShots.

“We saw a significant gap in the Indian news industry, lacking a common tech-news platform for enterprise decision-makers. And that’s how the idea of Techshots was born. Leveraging technology, we are delivering technology news and enabling technology decision-makers to make informed decisions.”

The number of unicorns (those who have a valuation of over $1 billion) is also growing steadily in India. In 2020 alone, 11 startups from India joined the unicorn club, which boasts of Paytm, Ola, Zomato, Cars 24, and 34 others.

The above figures are intriguing and contrary to the early fears raised by several industry observers. The Indian startup ecosystem was projected for a steep decline by many in March 2020 due to the Covid-induced bedbound economic environment. Technology interventions and innovative ideas played a pivotal role in resuscitating the growth path. (See: How is digital transformation shaping the new future?)

Turning the crisis into opportunity

When millions of citizens were confined to their homes, the rise of digital technologies created fresh opportunities. These technologies enabled people to do things efficiently and in a cost-effective way. Had it not been for the role of IT and tech startups in India, the impact of the crisis could have been more upsetting!

Amidst the widespread uncertainty and social distancing measures, the dependencies on digital solutions grew enormously. Whether it is healthcare consultation, retail, astrology, education, grocery supply, or entertainment, technology kept the economy running and helped us adapt to the new normal.

If Indian tech startups such as Byju, UpGrad, and Unacademy excelled in transforming the education and learning delivery, location surveillance apps such as Unmaze, Aarogya Setu, and Sahyog kept the COVID-19 virus in check. India also witnessed a massive surge in fintech and health startups as the demand for their services, such as contactless payments and telemedicine, grew much faster.

News aggregators such as InShorts, Dailyhunt, and TechShots have gained significant traction as people continue to switch to their personal mobile devices for real-time information and news.

Some of the new habits that people learned during the pandemic are likely to remain permanent, and this compelled many entrepreneurs to launch niche and specialized services. “Media consumption habits are changing quickly. Most consumers now prefer to receive their daily dose of news bulletin digitally in a crisp format. During the COVID-19 crisis, this demand reached a record level. We saw a significant gap in the Indian news industry, lacking a common tech-news platform for enterprise decision-makers. And that’s how the idea of TechShots was born. Leveraging technology, we are delivering technology news and enabling technology decision-makers to make informed decisions,” said Akhilesh Shukla, Co-Founder and Editor TechShots.

With quarantine and lockdown rules forced consumers to stay indoors, online grocery delivery demand witnessed a massive rise throughout 2020. Along with established online grocery suppliers such as Big Basket, Grofers, and Amazon, agritech startups such as Otipy, Sabzibhazi, Freshokartz, Agrowave, among others, also made their presence felt.

“I started Sabzibhazi in 2019. When I first launched this company with my meager savings in 2019, it didn’t do well. The idea was to provide the freshest produce at a reasonable price using a new-age tech platform. Even though we did much research, but there were still no customers. It was a tough time. We didn’t go for fundraising as we didn’t want to be answerable to anyone. Moreover, we were not sure if we would get that much attention from venture capitalists,” says Rajesh Kumar Pandit, Founder CEO of Sabzibhazi.com, a South Delhi-based digital farm-to kitchen service provider.

Things changed quickly for Rajesh when India announced nationwide lockdowns. Many established players failed to meet the unprecedented surge in demand for online fresh produce. “The last few months have been good for our business. As people moved to digital channels for their grocery shopping needs, we got thousands of new customer registrations, and there is substantial revenue flowing in now. We are planning to expand our operations and upgrade our app interface,” an enthusiastic Kumar adds.

In the healthcare space, startups like Pharmeasy, CureFit, and EyeNetra attracted massive investors’ interest.

Innovative ideas fueling startups

Besides the above, innovative virtual event platforms Airmeet also garnered significant attention from enterprises. Businesses took their services for hosting various internal workshops, panel discussions, and customer events in a setting where physical events are restricted.

There are also pure-play data analytics firms such as Mu Sigma, which are growing exponentially. 

The tech startup culture in India is equally supported by the government and premier institutes like IIT. The Indian government has taken several initiatives recently to help the local startup ecosystem grow. Under the AatmaNirbhar Bharat vision, the government has eased regulations, announced tax exemptions, and set up a Rs 10,000 crore fund exclusively for startups.

“Fostering entrepreneurship and nurturing tech startups has always been a key priority area for IIT Delhi. We utilize technologies such as artificial intelligence (AI), blockchain, and cloud to get all our students and alumni together and build a global outreach,” said Ravindra Kumar, President, IIT Delhi Alumni Association, in an earlier interaction with Better World. (See: IIT Delhi can help develop an Indian equivalent of Google or Facebook).

The year also saw spectacular ideas such as anti-viral t-shirts and COVID-19 protective lotions unveiled by E-TEX and Clensta, two startups incubated at IIT Delhi.

Another startup that caught our attention was ATAI Labs; an applied AI company launched recently. The startup provides AI-based digital transformation solutions for the supply chain and logistics industry, which bring the data center capabilities closer to the source of data and enable AI inferencing, decision making, and analytics at the EDGE.  The 70-employee young Indian startup offers innovative solutions to augment maritime, retail, locomotive, and surveillance capabilities. (See: AI is a must now to speed up digital transformation)

Factors.ai is also an AI-based startup that focuses on providing marketing analytics for entrepreneurs and small-medium businesses. The startup was chosen as one of the 20 firms for the fourth cohort of the Google for Startups (GFS) Accelerator program in India last year.

An equally exciting tech-startup, The Water App, was launched to solve the water crisis in Hyderabad. The company leverages advanced technologies and intelligence to monitor supply chain management of water and deliver clean water at the doorstep.

Final thoughts

Before the pandemic, many enterprises were reluctant to go online entirely. But things changed quite dramatically. Across all sectors, there was no option but to accelerate the digital transformation.

Indian tech startups and IT companies proved that integrating innovations with adaptability models led to new pathways and behavioral models, bringing together enormous resilience and resolve.

At Better World, we believe that this is just the beginning. Indian tech startups not only took risks and found new innovative models but were also instrumental in adding thousands of new jobs at a time when people were losing hopes. In 2021, according to Nasscom, the Indian IT industry (along with the tech startups) is expected to add over 1,38,000 new hires, taking the total employee base in this sector to 4.47 million.

By leveraging technologies such as artificial intelligence, analytics, and cloud-based collaboration tools, these young tech companies will continue to bring the best of the ideas and tools to revive the economy and develop life-enabling solutions.

MORE FROM BETTER WORLD

Wind power companies to get lease rent waiver

Wind power companies to get lease rent waiver

The Ministry of Environment, Forest and Climate change has decided to relax the mandatory charging of lease rent of Rs 30,000 per MW for wind power projects.

In a review meeting Union Minister for Environment, Forest and Climate Change, Prakash Javadekar took a conscious decision to relax the condition of charging the lease rent of Rs 30,000 per MW for wind power projects. Javadekar said that it is expected that this step will boost the investment in wind power projects and will help in providing wind power at cheaper rate.

“The government envisages to meet maximum energy requirement by tapping renewal energy resources and, to achieve the target of clean energy in a time bound manner, various policies and regulations are being constantly updated,” said the Environment minister.

Currently, to establish wind power project over forest land, the existing procedure requires payment of mandatory charges for compensatory afforestation and Net Present value (NPV). In addition to mandatory charges, the wind power companies had to pay additional lease rent of Rs 30,000 per MW. This additional cost is not mandatory for other renewal energy projects such as solar power and hydel electric projects. Additional cost for generation of clean energy through wind power, in turn escalates the per unit cost of power at consumer level.

Promotions of such projects are part of Government of India’s growing commitments towards International Agreements. One of the National Commitment pledged in Paris in 2015 was to have 40% of the power from renewable resources by 2030 .It is noteworthy that currently India has over achieved the target and is well on track to ensure that more than 50% of the installed capacity will come from renewable by 2030.

Karnataka tops rooftop solar ranking index

Karnataka tops rooftop solar ranking index

RK Singh, Union Minister of State for Power and New & Renewable Energy (IC) and Skill Development & Entrepreneurship, launched the State Rooftop Solar Attractiveness Index (SARAL) in New Delhi yesterday. The State of Karnataka has been placed at the first rank in the Index that evaluates Indian states based on their attractiveness for rooftop development. Telangana, Gujarat and Andhra Pradesh have got 2nd, 3rd, and 4th ranks, respectively.

Launching the Index, RK Singh said that it would incentivize rooftop solar by creating healthy competition among the states. He encouraged all states to adopt the best practices being followed by top ranking states.

SARAL has been designed collaboratively by the Ministry of New and Renewable Energy (MNRE), Shakti Sustainable Energy Foundation (SSEF), Associated Chambers of Commerce and Industry of India (ASSOCHAM), and Ernst & Young (EY). It was launched during the Review Planning and Monitoring (RPM) Meeting with states and state power utilities. SARAL currently captures five key aspects:

  1. Robustness of policy framework
  2. Implementation environment
  3. Investment climate
  4. Consumer experience
  5. Business ecosystem

It encourages each state to assess the initiatives taken so far, and what it can do to improve its solar rooftop ecosystem. This will help states to channelize investments that can eventually help the sector grow. In addition, such an exercise is likely to create a more conducive environment for solar rooftop installations, encourage investment and lead to accelerated growth of the sector.

The Ministry of New and Renewable Energy (MNRE) has set a target of 175 GW of renewable energy capacity by 2022, of which 100 GW solar power is to be operational by March 2022, of which 40 GW is expected to come from grid connected solar rooftops. The Indian Grid Connected Rooftop PV (GRPV) segment is slowly gaining momentum with substantial interest from entrepreneurs, developers, financial institutions, development banks, end users and government entities. On a very positive note, rooftop solar PV has already achieved grid parity for commercial and industrial consumers and is fast becoming attractive for residential consumers as well.

To achieve our rooftop solar targets, it is important to develop an ecosystem that ensures information symmetry, access to financing and clear market signals. Thus, the MNRE has developed the State Rooftop Solar Attractiveness Index–SARAL that evaluates Indian states based on their attractiveness for rooftop development. SARAL is the first of its kind index to provide a comprehensive overview of state-level measures adopted to facilitate rooftop solar deployment.

Review, Planning & Monitoring Meeting held
Power Minister RK Singh chaired the Review Planning and Monitoring (RPM) Meeting with states and state power utilities. In his address to the state representatives, he emphasized the need to make power sector sustainable and viable so as to ensure 24/7 power supply to all consumers. The meeting discussed various schemes and issues pertaining to the sector such as Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY), Integrated Power Distribution Scheme (IPDS), UDAY, 24/7 power supply, etc, said the PIB release.

The meeting was attended by the Secretary, Power, Subhash Chandra Garg, Secretary, MNRE, Anand Kumar, Special Secretary, Power, Sanjiv Nandan Sahai, Senior officers of the Ministry of Power & MNRE, Principal Secretaries/Secretaries (Energy) of States, CMDs & MDs of Discoms and Power Sector PSUs.

 

Drive to eliminate single use plastic gathers pace

Drive to eliminate single use plastic gathers pace

A day after Lok Sabha Secretariat said it has banned the use of single-use plastic within the Parliament complex, Ministry of Railways has already issued a circular to ban single-use plastics, while Department of Animal Husbandry and Dairying under Ministry of Fisheries, Animal Husbandry & Dairying, has also initiated steps in the direction.

Ministry of Railways issues a circular
Ministry of Railways has directed all Railway units to enforce ban on single use plastic material, with less than 50 micron thickness from 2 October 2019. Emphasis is on making necessary arrangements to minimize generation of plastic waste and its eco- friendly disposal.

In this regard, the Ministry has issued a circular stating the following instructions are to be enforced:

  • Ban on single use plastic material
  • All railway vendors to avoid use of plastic carry bags
  • Staff should reduce, reuse and refuse plastic products and to use inexpensive reusable bags to reduce plastic footprint.
  • IRCTC to implement return of plastic drinking water bottles as part of Extended Producer Responsibility.
  • Plastic Bottle crushing machines to be provided expeditiously.

Strict enforcement of these instructions is to be from 2 October, to give enough time to all concerned to prepare for “Plastic Free Railway,” said a release from the Ministry.

Ministry of Railways has also instructed its Railway units that a pledge can be administered on 2 October 2019 to cut use of plastics. Also, Information, Education & Communication (IEC) measures are to be adapted to create awareness among railway users.

Department of Animal Husbandry & Dairying’s move
The Secretary, Department of Animal Husbandry & Dairying has requested Major Dairy Federations like Gujarat Milk Federation (Amul), Karnataka Milk Federation (Nandini), Punjab Milk Federation (Verka), Maharashtra Milk Federation (Mahanand) to encourage reuse of plastic milk pouches, in a campaign mode, with 3R strategy – Reduce, Rebate and Reuse. i.e. REDUCE consumption of plastics by subsidizing price of 1 litre pack over ½ litre pack, REBATE to customers for bringing back plastics, REUSE of pouches for users such as Road construction, recyclers.

Secretary, Animal Husbandry and Dairying has requested all Cooperative Milk Federations and Private Dairies to at least halve plastic use by 2 October.  Media was requested to start a campaign like Swachcha Bharat to discourage plastics and thereby improve environment.

AMUL and Mother Dairy were requested to formulate action plan/protocol to recycle milk pouches and share with Department of Animal Husbandry and Dairying for circulation to other Milk Federations for implementation.

NPC holds meet on sustainable food safety

NPC holds meet on sustainable food safety

A two-day National Conference on Capacity Building of Sustainable Food Value Chains for Enhanced Food Safety and Quality organized by National Productivity Council (NPC) in collaboration with Asian Productivity Organization, Tokyo, Japan began in New Delhi today. The Conference was inaugurated by Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry and Chairman of NPC, Dr. Guruprasad Mohapatra. In his inaugural address, Dr. Mohapatra highlighted the relevance of sustainable food value chains and the international standards enacted through the Food Safety and Security Act, 2006. He also acknowledged the demand for food safety assurances leading to proliferation of food safety and quality assurance programs, a PIB release said.

Director General, NPC, Arun Kumar Jha, in his address, emphasized on the importance and potential of food processing industry. Chairperson, Food Safety and Standards Authority of India, Ministry of Health and Family Welfare, Rita Teaotia, in her keynote address said that there is a need to develop the mitigation strategies for curbing food wastages, enhancing food security and food quality.

Dr. Manickam Asaithambi, Asian Productivity Organization, Japan, lauded the efforts of NPC to organize this program on sustainable food value chains which is an international phenomenon. Dr. Manickam Asaithambi expressed hope that the outcomes of the conference will lead to developing sustainable strategies for food safety in India. Technical sessions on various aspects of food value chains, food safety and quality will be conducted during the conference which will conclude tomorrow.

Environment min opens draft NREP for comments

Environment min opens draft NREP for comments

Natural resources form the backbone of any economic development. India, as one of the fastest growing economies with GDP at 2.6 trillion USD, has increased its material consumption to six times, from 1.18 billion tonnes (BT) in 1970 to 7 BT in 2015. The material consumption is expected to increase further to provide for an increasing population, rapid urbanization and growing aspirations. Enhancing resource efficiency and promoting the use of secondary raw materials has emerged as a strategy for ensuring that the potential trade-off between growth, resource constraints and environmental well-being can be minimized.

Ministry of Environment, Forest and Climate Change released Draft National Resource Efficiency Policy, 2019 on 25 July 2019 inviting comments and suggestions from stakeholders including public/private organizations, experts and concerned citizens on the draft policy.

The Draft National Resource Efficiency Policy (NREP) envisions a future with environmentally sustainable and equitable economic growth, resource security, healthy environment (air, water and land), and restored ecosystems with rich ecology and biodiversity. The Draft National Resource Efficiency Policy is guided by the principles of (i) reduction in primary resource consumption to ‘sustainable’ levels, in keeping with achieving the Sustainable Development Goals and staying within the planetary boundaries, (ii) creation of higher value with less material through resource efficient and circular approaches, (iii) waste minimization, (iv) material security, and creation of employment opportunities and business models beneficial to the cause of environment protection and restoration.

The Draft National Resource Efficiency Policy provides an overarching collaborative framework for resource efficiency across all sectors in the country, covering both biotic and abiotic resources and life cycle stages and aspires for cross-sectoral stakeholder partnerships for the cause of resource efficiency for sustainable development.

The Draft National Resource Efficiency Policy (NREP) is available online on Ministry’s website at http://moef.gov.in/draft-national-resource-efficiency-policy2019-inviting-comments-and-suggestions-of-stakeholders-including-publicprivate-organization-experts-and-concerned-citizens/.

Comments and suggestions in prescribed format will be accepted till 24 August 2019.

MoHUA workshop lays focus on tech usage

MoHUA workshop lays focus on tech usage

Dr. Thawar Chand Gehlot, Union Minister, Ministry of Social Justice and Empowerment (MoSJ&E) has stated that the Government is fully committed to eradicate manual scavenging through the ‘The Prevention of Employment as Manual Scavengers and their Rehabilitation Act, 2013.’ He was speaking at the national Workshop Cum Exhibition on Sustainable Sanitation organized by MoSJ&E and the Ministry of Housing & Urban Affairs (MoHUA) in Delhi today.

Through a series of panel discussions through the day, the workshop saw discussions and presentation of best practices on topics such as Municipal Solid Waste (MSW) based biomethanation under Sustainable Alternative Towards Affordable Transportation (SATAT) initiative of Ministry of Petroleum and Natural Gas (MoP&NG), MSW to Bio-CNG through biomethanation and cotreatment of organic fraction of MSW with sludge.

The national workshop aimed at providing a comprehensive roadmap for ensuring sustainable sanitation in urban areas. (Image tweeted by @HardeepSPuri)

The day long interaction among stakeholders is aimed at providing a comprehensive roadmap for ensuring sustainable sanitation in urban areas. States and ULBs will take these insights into their respective areas to further strengthen their strategy for achieving safe, sustainable and holistic sanitation.

Hardeep Singh Puri, Minister of State (I/C) for Housing & Urban Affairs, Durga Shanker Mishra, Secretary, MohUA, Nilam Sawhney, Secretary, MoSJ&E and more than 500 representatives including the Principal Secretaries (UD), Mission Directors of AMRUT & Swachh Bharat Mission-Urban (SBM-U) in States/Union Territories, Municipal Commissioners of 500 cities with population of 1 lakh and above and development partners besides senior official from both the ministries attended the workshop.

Gehlot added that the Government has been laying increasing emphasis on mechanical cleaning and preventing human entry into sewer and septic tanks to the extent possible through the use of modern technologies. Further, he said, “Through the National Safai Karmacharis Finance and Development Corporation (NSKFDC) formal integration of these workers is being done through the disbursement of grants, provision of loans and livelihood training programs. I am happy to see that this workshop cum exhibition today will showcase the varied measures, best practices and technologies available that will go a long way in preventing fatalities due to hazardous cleaning of sewers and septic tanks. Swachh Bharat is indeed the first step towards Swasth Bharat.”

Addressing the gathering Puri said, “Our Ministry has consistently made efforts to devise efficient systems, processes and technologies for mechanical cleaning of sewer and septic tanks. The Ministry has undertaken various initiatives to eliminate human entry into septic tanks and sewers and create an ecosystem for sustainable sanitation – the publication of documents such as the CPHEEO Manual on Sewerage and Sewage Treatment Systems (2013) and Standard Operating Procedures for Cleaning of Sewers and Septic Tanks (2018) or organizing of the Global Technology Challenge, being some of them. The workshop today will be another step in this direction. The launch of the guidance document on “Emergency Response Sanitation Unit (ERSU) will go a long way in preventing fatalities of sanitation workers and guarantee their safety and well-being.”

He further added, “The Manual on Stormwater Drainage Systems, 2019 released today, shall add a feather to the recently launched Jal Shakti Abhiyan by the Government and help cities and towns in water conservation, protection from flooding and water security. The Ministry is fully committed to support the endeavors of States & Urban Local Bodies as they progress towards total sanitation or Sampoorna Swachhata.”

Durga Shanker Mishra, Secretary, MoHUA said, “While the Directory of Sewer & Septage Cleaning Equipment launched today will be a guiding book for Urban Local Bodies as well as practitioners, the exhibition by prominent manufacturers and vendors showcasing emerging technologies, equipment and best practices on sewer and septic tank management will help provide customized solutions to city specific requirements in this area.”

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