As the Indian startup ecosystem emerges from the funding winter, a fresh wave of innovation and determination is sweeping through the landscape. The third quarter of 2024 saw Indian startups raise an impressive $3.4 billion in funding, doubling the amount raised in the same period last year. This surge in investments reflects the resilience and dynamism of homegrown entrepreneurs, who are pushing the boundaries of technology and creativity.
To celebrate this entrepreneurial grit, we at Inc42 are thrilled to present the 52nd edition of our coveted ’30 Startups to Watch’ series, powered by Google Cloud. This diverse lineup showcases the breadth and depth of India’s startup scene, from cutting-edge deeptech and enterprise solutions to the ever-evolving D2C sector.
Advance Mobility: Driving Sustainable Urban Mobility
Advance Mobility, founded in 2023, is transforming urban transportation with its commitment to innovation and sustainable practices. The startup operates a fleet of over 500 meticulously maintained vehicles, equipped with state-of-the-art technology, catering primarily to the Uber platform. With a focus on CNG-powered vehicles, Advance Mobility is making strides in providing cleaner and more efficient mobility solutions.
AGNIT Semiconductors: Powering the Future with GaN
Bengaluru-based AGNIT Semiconductors is a Gallium Nitride (GaN) semiconductor startup, founded in 2019 by a team of industry experts. Leveraging over 15 years of research and development, AGNIT designs and manufactures high-performance, customizable GaN-based solutions tailored for applications across defense, telecommunications, and other sectors.
Aikenist: AI-Powered Radiology Solutions
Aikenist Technologies, founded in 2019, is revolutionizing the healthcare industry with its AI-powered radiology solutions. The Bengaluru-based healthtech startup offers a range of products, including workflow integration, AI-powered diagnostics, and MRI scanning acceleration, helping hospitals, radiologists, and imaging centers optimize their radiology processes.
ANNY: AI-Driven Fashion for Women
ANNY, launched in 2023, is a vertically integrated fashion tech platform that caters to the evolving needs of women’s fashion. Leveraging AI and data-driven insights, the startup aims to provide its customers with trendy and affordable outfits, while also maintaining a strong social media presence and offline pop-up store presence.
Brainfish: Redefining Post-Sales Experience
Brainfish, founded in 2021, is a GenAI-powered SaaS platform that helps companies drive user engagement and product adoption through personalized self-service workflows and valuable insights. By embedding Brainfish’s tools, businesses can streamline the customer journey, from product trials to upgrades, fostering stronger user relationships.
ClayCo: Bringing Global Beauty Rituals to India
Launched in 2023, ClayCo is transforming India’s skincare landscape by introducing globally-inspired beauty rituals, starting with its debut collection, the Rituals of Japan. The startup’s holistic approach to self-care combines the wisdom of Japanese beauty traditions with tailored formulations for Indian consumers, offering a diverse range of products, from cleansers to masks.
Elivaas: Luxury Villas for Discerning Travelers
Elivaas, founded in 2023, caters to the growing demand for high-quality vacation rentals, offering a full-service solution for property owners and short-term luxury travelers. The Delhi NCR-based startup leverages advanced technology to simplify the management and monetization of private villas and apartments, providing a premium experience for its guests.
FermionIC Design: Fabless Semiconductor Innovator
FermionIC Design, founded in 2020, is a fabless semiconductor startup that has built integrated chips for applications in defense, radio frequency communication, satellite communication, and weather monitoring. Specializing in SERDES IP and Hybrid Beamformer IC technologies, the startup aims to contribute to India’s push for technological innovation and self-reliance in the semiconductor space.
flutrr: The Regional Dating App
Launched in 2021, flutrr is a dating app that prioritizes women’s safety and caters to non-English speaking audiences across India. Leveraging its proprietary technology and face recognition algorithm, the platform offers features like the ability to erase chats, prohibit screenshots, and support multiple Indian languages, making it a unique proposition in the online dating landscape.
Furnishka: Affordable, Premium Furniture
Founded by Spinny cofounder Ganesh Pawar, Furnishka aims to transform India’s home furnishing market by addressing challenges like delivery delays, high costs, and inconsistent service. The Bengaluru-based brand offers over 1,000 SKUs of customizable, premium furniture at competitive prices, leveraging supply chain innovation and localization.
Indulge Global: Luxury Concierge for India’s Elite
Indulge Global, founded in 2020, caters to the growing demand for luxury experiences and premium services among India’s ultra-high net worth individuals (UHNIs). The luxury concierge service provider offers curated travel experiences, access to exclusive events, and the ability to purchase luxury consumer products, simplifying the lives of its affluent clientele.
Jhana.ai: AI-Powered Legal Research and Drafting
Jhana.ai, founded in 2022, is a legaltech platform that leverages AI to offer research and drafting solutions for Indian lawyers and law firms. The startup’s flagship offerings, “AI Paralegal” and “Document Intelligence,” utilize AI models to read files, produce legal outputs, and review documents, helping legal professionals enhance their efficiency and productivity.
Jivi AI: Revolutionizing Healthcare through Advanced AI
Jivi, founded in 2023 by ex-BharatPe CPO Ankur Jain, is a healthtech startup that incorporates AI to improve India’s healthcare ecosystem. The platform features a virtual healthcare assistant, “Dr Jivi,” which interacts with users to assess conditions and provide potential diagnoses, while also connecting them to telemedicine and lab testing services.
Katonic AI: Democratizing GenAI for Businesses
Katonic AI, founded in 2020, is a no-code generative AI startup that empowers both small and large-scale businesses to build enterprise-grade AI applications without extensive technical expertise. The platform enables companies to manage the entire process of data preparation, model training, deployment, and automation, democratizing the power of AI for diverse industries.
NymbleUp.ai: AI-Driven Workforce Management Solutions
NymbleUp, founded in 2022, is a B2B SaaS platform that leverages AI to enhance demand and workforce management for businesses. The startup’s advanced scheduling capabilities, accurate forecasting, and optimization tools help companies maintain optimal staffing levels, improve customer satisfaction, and drive cost savings.
Onlygood.ai: AI-Powered Sustainability Platform
Onlygood.ai, founded in 2022, offers data-driven SaaS tools to help companies track, manage, and reduce carbon emissions, enabling them to meet global sustainability compliance standards. The platform simplifies carbon management and reporting, empowering enterprises to implement effective strategies for reducing their environmental impact.
OpiGo: Investing Made Smarter
Opigo, founded in 2022, is a comprehensive investment platform that provides unique insights and decision-making tools for investors. Its subscription-based features, including “Decks” and “Cards,” offer recommendations from SEBI-registered experts, helping users make informed investment choices aligned with their goals.
These 30 startups, featured in the 52nd edition of Inc42’s ’30 Startups to Watch’ series, represent the dynamism and determination driving India’s thriving entrepreneurial landscape. From innovative mobility solutions to cutting-edge semiconductor technologies, these disruptors are shaping the future across diverse sectors, showcasing the resilience and adaptability of the Indian startup ecosystem.
