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

Water conservation drive planned for schools

Water conservation drive planned for schools

Union HRD Minister Ramesh Pokhriyal ‘Nishank’ will launch ‘Samagra Shiksha-Jal Suraksha’ drive to create awareness about water conservation among all school students in the country. This mega drive would be launched at Dr. Sarvepalli Radhakrishnan Auditorium, Kendriya Vidyalaya No. 2 in Delhi Cantt.

Inspired by Prime Minister Narendra Modi’s impetus to Jal Sanchay, Government of India has launched the Jal Shakti Abhiyan (JSA). It is a time bound campaign with a mission mode approach. This concept of water conservation is essential for students so that they can understand the importance of water and how it is shaping their lives meaningfully, thereby enabling them to participate in water conservation activities in their day to day lives.

The Department of School Education & Literacy, MHRD has launched the ‘Samagra Shiksha-Jal Suraksha’ drive to promote water conservation activities for School Students, so that they can become competent, conscientious and committed water citizens of our nation. The department has prepared a detailed outline to implement this program in all the schools of the country.

Five major objectives of the program are:

  • To educate students learn about conservation of water
  • To sensitize Students about the impact of scarcity of water
  • To empower Students to learn to protect the natural sources of water
  • To help every Student to save at least one litre of water per day
  • To encourage Students towards judicious use and minimum wastage of water at home and school level

The program targets to achieve the following:

  • One Student – One Day – Save One Liter Water
  • One Student – One Year – Save 365 Liters Water
  • One Student – 10 Years – Save 3650 Liters Water
EoIs for biofuel coming on World Biofuel Day

EoIs for biofuel coming on World Biofuel Day

World Biofuel Day is observed every year on 10th of August to create awareness about the importance of non-fossil fuels as an alternative to conventional fossil fuels and highlight the various efforts made by Government in the biofuel sector. Ministry of Petroleum & Natural Gas will organize World Biofuel Day on 10th August 2019 at Vigyan Bhavan, New Delhi. Minister of Petroleum & Natural Gas & Steel Dharmendra Pradhan will inaugurate the program. Minister of Health & Family Welfare, Science & Technology and Earth Sciences Dr Harsh Vardhan will be the Chief Guest of the function. This year the theme of the World Biofuel Day is “Production of Biodiesel from Used Cooking Oil (UCO).”

Biofuels have the benefits of reduction of import dependence, cleaner environment, additional income to farmers and employment generation. Biofuel program also compliments Government of India’s initiatives for Make in India, Swachh Bharat and increasing farmers income. A number of initiatives have been undertaken to increase production and blending of biofuels since 2014.

In India, the same cooking oil is used for repeated frying which adversely affects the health due to formation of polar compounds during frying. These polar compounds are associated with diseases such as hypertension, atherosclerosis, Alzheimer’s disease, liver diseases among others. UCO is either not discarded at all or disposed off in an environmentally hazardous manner choking drains and sewerage systems.

The National Policy on Biofuels, released by the Government of India in 2018, envisages production of biofuel from UCO. Food Safety and Standards Authority of India (FSSAI) is implementing a strategy to divert UCO from the food value chain and curb current illegal usage. The benefits of transformation of UCO will help bring health benefits as there would be no recycling of the UCO, employment generation, infrastructural investment in rural areas & cleaner environment with reduced carbon footprint.

At present, approximately 850 crore liters of High Speed Diesel (HSD) is consumed on a monthly basis in India. The National Policy on Biofuels – 2018 envisages a target of 5% blending of Biodiesel in HSD by 2030. In order to achieve the blending target, 500 crore liters of biodiesel is required in a year. In India, approximately, 22.7 MMTPA (2700 crore liters) of Cooking Oil is used out of which 1.2 MMTPA (140 crore) UCO can be collected from Bulk Consumers such as hotels, restaurants, canteens, etc. for conversion, which will give approximately 110 crore liters of biodiesel in one year. Presently there is no established collection chain for UCO. Thus, there is a huge opportunity in production of biodiesel from UCO.

To facilitate the production of Biodiesel from UCO, the Oil Marketing Companies shall float an Expression of Interest (EOI) for procurement of biodiesel from used cooking oil across 100 cities. The purpose of inviting this EOI is to encourage the applicants to set up biodiesel producing plants from used cooking oil (UCO), processing plants and further utilizing the existing potential of UCO based bio-diesel in India.

On this occasion, a sticker on RUCO viz., Repurpose Used Cooking Oil and a mobile app to facilitate the collection of UCO shall also be released by FSSAI.

Interactive sessions on Second Generation Ethanol & Biodiesel from UCO shall also be held. The sessions will focus on issues and hurdles being faced by the sector and dwell on how to overcome these hurdles for effective implementation of the blending program across the country.

Soon, 5,595 new electric buses for 64 cities 

Soon, 5,595 new electric buses for 64 cities 

Electric bus charging (representative image).

The Department of Heavy Industry has approved the sanction of 5,595 electric buses to 64 Cities, State Government Entities, and State Transport Undertakings (STUs) for intra-city and intercity operation under FAME India scheme phase II in order to give a further push to clean mobility in public transportation.

The Phase-II of the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME-India) Scheme proposes to give a push to electric vehicles (EVs) in public transport and seeks to encourage adoption of EVs by way of market creation and demand aggregation.

The Department had invited the Expression of Interest (EoI) from million-plus cities, smart cities, State/UT capitals and cities from special category states for submission of proposal for deployment of electric buses on operational cost basis.

Eight six proposals from 26 States/UTs for the deployment of 14,988 e-Buses were received. After evaluation of these proposals as per EoI, on the advice of Project Implementation and Sanctioning Committee (PISC) the Government sanctioned 5095 electric buses to 64 Cities / State Transport Corporations for intra-city operation, 400 electric buses for intercity operation, and 100 electric buses for last-mile connectivity to Delhi Metro Rail Corporation (DMRC).

Each selected City/STUs is required to initiate the procurement process in a time bound manner for deployment of sanctioned electric buses on operational cost basis. As per EoI, buses which satisfy required localization level and technical eligibility notified under FAME India scheme phase II will be eligible for funding under FAME India scheme phase II.

These buses will run about 4 billion kilometers during their contract period and are expected to save cumulatively about 1.2 billion liters of fuel over the contract period, which will result into avoidance of 2.6 million tonnes of CO2 emission.

Workshop lays focus on bamboonomics

Workshop lays focus on bamboonomics

A tribal woman (representative image)

Arjun Munda, Union Minister for Tribal Affairs inaugurated a “National Workshop on Tribal Enterprise with focus on Honey, Bamboo and Lac” organized by TRIFED and Ministry of Tribal Affairs (MoTA) in Delhi today. Renuka Singh, MoS for Tribal Affairs, Deepak Khandekar, Secretary, MoTA and Pravir Krishna, MD, TRIFED were present. Munda released flyers and reports on bamboo and bamboonomics; lac; and honey on the occasion. A National Workshop was organized to fine-tune its action plan on promoting tribal enterprise on bamboo, honey, and lac.

Delivering the inaugural address, Munda said that the focus of such efforts should not be confined to job creation only but should focus on fulfilling the needs of the market. Support system and research should be market driven and equilibrium should be maintained between the demand and supply in the market. For these products, markets should be innovation and research based. The quality and prices of the products should also be maintained properly. The tribals should be treated as entrepreneurs and efforts should be made to upgrade them in technology.

Addressing on the occasion, Renuka Singh said that such initiatives will strengthen ‘Van Dhan Vikas Kendras.’ The integration of ‘Van Dhan, Jan Dhan and Pashu Dhan’ will reform the lives of tribals considerably. Van Dhan scheme has the cluster of self-help groups to support tribals and is the mainstay for their family income who are living in and around the forest areas.

Deepak Khandekar in his welcome address said that the reason behind bamboo, honey and lac taken up for Van Dhan Scheme is that, these commodities are already having existing markets which enable producers i.e. tribal entrepreneurs catch on to the chain of procurement- primary level processing-storage value addition and marketing.

After inaugural session, technical sessions were held on the bamboo products, lac products and honey in which experts presented their presentations on the success stories, production, use and business related to these products. National Workshop was an initiative to formulate a strategy for establishing tribal enterprises based on skill and local resources available particularly in bamboo, honey and lac. In the workshop, national and international experts deliberated and gave their views and ideas for establishing implementable and commercially viable tribal enterprises. The expert insight and deliberation will explore the significance of bamboo, lac and honey to address livelihoods of tribal communities across the country. The workshop also introduced feasible technologies and process for production of value-added products from bamboo, lac and honey.

Bamboo
India is the world’s second largest cultivator of bamboo after China, with 136 species and 23 general (out of which about 19 care indigenous) spread over 13.96 million hectares. According to the Union Ministry of Agricultural and Former Welfare, India’s annual bamboo production is estimated at 3.23 million tons. Poor yield of Bamboo is one of the perennial problems in India. In contrast to China’s average yield of 50 MT/Ha, the maximal yield range in India is 10-15 MT/ha. This shows that there is lot of scope for bamboo enterprise based on the good stock. The bamboo is used in different types of products and it is a very good earning option for the tribals, for which necessary seed money, facilities and expertise need to be provided to tribal artisans. The bamboo enterprises can give immediate results leading to substantial increase in income of tribal artisans.

Honey
“As per the latest data from the ‘National Bee Board’ under the Department of Agriculture, the country’s total honey production reported in 2017-18 was 1.05 lakh metric tonnes, compared to the 35,000 metric tonnes in 2005-06. The major part of it comes from Apisdorsata. With international demand for honey growing, India exports 50 per cent of the commodity and in the last 12 years, exports have increased by 207 per cent. India has exported 61,333.88 MT of natural honey worth Rs 732.16 crores i.e. USD 105.48 million dollars to USA, Australia, UAE, Saudi Arabia. Morocco, Qatar Germany, UK, Japan, France, Spain and Italy being the main markets.

The tribals can be provided with trainings along with tools and kits for scientific extraction/collection and processing of honey from the beehive and thus the tribal SHGs can play a crucial role in this regard. Besides collaboration with KVlC, there is a need to collaborate with the forest departments for wild honey collection and protection, conservation and propagation of the tree species like Adina Cardifolia and Trivia Nudiflora that are preferred by bees to nest colonies.

As per the latest government estimates, large scale employment in the beekeeping sector is estimated to generate around 3 lakh man-working days by maintaining 10,000 bee colonies. The honey is an excellent source of earning and TRIFED is committed towards Prime Minister’s vision of a “Sweet Revolution” by way of making people prosper though production and trade in honey.

Lac
“Lac resin was once imported in sizeable quantity into Europe from India along with Eastern woods. It has been seen that the Lac is mostly cultivated by poor tribals to supplement their agricultural income. Lac cultivation in India is mainly confined to the states of Jharkhand which contribute 57% of the total production, followed by Madhya Pradesh at 24% and the balance 19% is contributed by Maharashtra, Orissa and West Bengal. This cultivation has proved to be a subsidiary source of income for the tribals. In the mid-1950s. Indian annual production was about 50, 000 tons of stick lac and export about 29,000 tons of lac. By the late 1980s, the figures were about 12,000 tons and 7,000 tons respectively. However, during 1992-93, Indian lac exports fell further to 4,500 tons only. On the contrary, during the same period, the countries like Thailand & China were able to increase their lac exports. Presently Indian lac export is almost non-existent, which needs to be revived. Lac with its availability and possibilities of cultivation in tribal areas has a great potential in creating livelihood and income generation opportunities for tribal communities.

Karnataka lowers tariffs for grid connected solar

Karnataka lowers tariffs for grid connected solar

(Representative image)

The Karnataka Electricity Regulatory Commission has, in a recent order, determined new generic tariff for solar projects, as below:

  1. Rs 3.08 per unit for grid connected megawatt scale solar power projects of less than 5MW capacity;
  2. Rs 3.07 per unit (without capital subsidy) and Rs 2.32 only per unit (with capital subsidy) for grid connected solar rooftop photovoltaic projects of 1kW to 2000kW; and
  3. Rs 3.99 per unit (without capital subsidy) and Rs 2.97 per unit (with capital subsidy) for grid connected solar rooftop photovoltaic projects of I kW to 10 kW for domestic consumers;

The above tariff shall be applicable to all such new solar power projects for which PPAs are entered into on or after 1 April 2019 and approved by the Commission after the date of issue of this order, that achieve commercial operation on or after 1 April.

The tenure of the PPA, shall be for the life of the solar power projects, which is considered 25 years.

The Karnataka Electricity Regulatory Commission has been promoting generation of power from renewable sources, by determining the feed-in-tariff (generic tariff) periodically, based on the normative operational and financial parameters for different control periods from the year 2005 onwards.

The Commission, vide its Order dated 18 May 2018 had determined a levelized tariff of Rs 3.05 per unit for Megawatt scale solar projects and Rs 3.56 per unit for kW scale solar rooftop photovoltaic projects, applicable for the life of the projects, i.e., 25 years. This Order was in force till 31 March 2019.

Now, Hyundai starts work on an electric race car

Now, Hyundai starts work on an electric race car

Hyundai Motorsport says it has begun work on its first ever electric race car in a new project that will herald a new motorsport era for the company. The car, which has been designed and built at Hyundai Motorsport’s headquarters in Alzenau, Germany, will break cover for the first time on September 10, the media day of the International Motor Show (IAA) in Frankfurt.

The move to electric continues the growth of Hyundai Motorsport, which has become well established in rallying and circuit racing since its inception in 2012. The multiple rally-winning WRC team, now in its sixth season, is currently leading a closely fought Manufacturers’ Championship.

The company also boasts a successful Customer Racing division, established in September 2015, which has developed the competitive i20 R5, i30 N TCR and Veloster N TCR cars that have between them claimed victories and championships in motorsport series around the world. The first glimpses of the new car can be seen in videos published on Hyundai Motorsport’s Social Media channels, offering a hint of what is to come at the official reveal next month.

Mirroring the move towards hybrid technology and electrification in the automotive industry, motorsport has also ventured into new territory in recent years with the introduction of electric and hybrid series and regulations. This exciting new chapter promises to showcase Hyundai’s high-performance capabilities, its green technology credentials and its unwavering passion for motorsport.

“A new era is dawning at Hyundai Motorsport. For many months, our team in Alzenau has been working hard on an exciting electric vehicle and soon we will be able to share the fruits of these labours,” Andrea Adamo, Team Director said. “It promises to be a new chapter for our company, a natural extension to our motorsport activities, one that links closely to the current trends and innovations in the wider automotive industry. There’s not much longer to wait; all will be revealed at the IAA in Frankfurt in early September.”

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