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Top 10 Promising & Scalable Startups In Gwalior

Top 10 Promising & Scalable Startups In Gwalior

Startups: An agreement was signed between the Incubation Center Desire (Development of Eco System for Innovation Research and Entrepreneurship) of Jiwaji University (JU) and Dream Hatcher, Incubation Center of Smart City. Now those students of JU, who want to start a startup, will be assisted by Smart City. Under this, all types of facilities, including marketing to management, finance, and personality development, will be available. With this, they will be able to start and operate the startup easily.

Vice-Chancellor Prof. Avinash Tiwari signed the contract on behalf of Jiwaji University and CEO Jayati Singh on behalf of Smart City. Both institutions will take steps to encourage startups under contract for five years. The Vice-Chancellor said that failure also teaches us, so when you start a startup, believe in yourself and do not be afraid of failure. He said that JU would also provide seed money to start the startup. He said that making innovations in our products could improve their quality further.

Apart from this, he also inspired the students of the pharmacy department of JU to start startups. CEO Jayati Singh said that if you want to start a startup, register for it by visiting the Startup India portal. On this, a loan arrangement has been given for startups, on which the government does not even take a guarantee. During this, Registrar Dr. Sushil Manderia, Prof. GBKS Prasad, Prof. Nalini Srivastava, Prof. YK Jaiswal, Dr. Suman Jain, Dr. Swarna Parmar and Dr. Sadhana Srivastava were present. Harsh Khanduja, Pawan Tiwari, and Tanya Sachdeva were present on behalf of Smart City.

-Jiwaji Vishwavidyalaya will provide mentor facilities to the incubates starting the startup through Smart City, i.e., if anyone wants to start a food-related startup, then guidance, equipment, etc. will be available in that regard from the Food Technology Department of JU so that he can know better about that subject.

To motivate people for startups, the incubation centers of both institutes will jointly organize competitive events showcasing innovation across the city, which will also tell the problems faced while starting and operating a startup. Dream Hatcher will provide all these facilities, the incubation center of the smart city.

startups

  1. iTokri 

Nitin and Jia Pamnani founded iTokri in 2012. Through its website and eCommerce platform, the company sells clothing, home decor items, jewelry, bags, neckpieces, cushion covers, etc.

The founders of Gwalior-based D2C startup iTokri, Nitin and Jia Pamnani, were left unable to fulfill orders they had given to artisans across the country when the pandemic struck in March 2020. 

We were still unsure at the time of the first lockdown. But masks – something that everyone needs – were in short supply in the country. So one of iTokri’s founders, Nitin, says they purchased and made their masks and sold them to survive the pandemic. 

With the launch of the D2C brand iTokri, the duo already faced a huge undertaking. In their first business venture, they aimed to reach out to young artisans in India’s Tier II and Tier III areas. 

In 2012, direct-to-consumer sales were not popular in smaller cities like Gwalior, despite D2C being the latest buzzword among startups. So to sell their products, the entrepreneurs designed their systems.

“E-commerce was unknown in Tier II and III of India. “We had to arrange everything, from logistics and supply chain to infrastructure,” Nitin says. So they started a small warehouse and office with the initial investment of Rs 30 lakh. 

Regular couriers first handled the delivery. Then, after packing the products, we would send them to the courier, then have them shipped,” says Nitin. As a result of a partnership with logistics company Blue Dart, the team expanded even more in 2015. 

“I worked in the film industry,” Nitin says. He recounts his observations of how brands and startups grew and evolved in the eCommerce space in 2010. 

Flipkart was just getting started at that time. The potential was obvious. He writes, “We had several acquaintances that dealt in handicraft and handmade things.”

Nitin’s insight resulted in the establishment of iTokri. The founders pooled funds to create a marketplace for artisanal goods such as home decor, printed suit fabrics, bags, dupattas, neckpieces, cushion coverings, and other items.

iTokri purchases the merchandise directly from the craftspeople and then posts information about it. “All of the things you see on the website are in stock at our warehouse,” he explains.

According to the company, the startup received over 500,000 visitors during the holiday season. Following COVID-19, iTokri reported a 20% increase in sales during the 30-day sales event, owing to the continuously increasing export rate in the handicraft and handloom industries. 

It is a global brand that generates 20% of its revenue from outside the United States.

The start of the festival season also corresponds with the start of the wedding season, which boosts the number of products sent out by iTokri.

According to the business, more than 30% of orders came from Tier II and III cities in India, with 25% of shoppers coming from overseas. Home decor, clothes, sarees, and upholstery are among the most popular categories in the marketplace.

Clothing products witnessed a 25 percent spike in demand, while home décor items saw a 20 percent boost in demand, according to iTokri. 

“Over the last few years, the handloom and handicraft industry has experienced a gradual favorable response as consumers move towards Make in India items and living more sustainable lives. This year, iTokri saw a 20 percent increase in response during the 30-day festive season, which began with Dussehra and ended with Diwali. Apart from handlooms, other categories such as home decor and accessories performed well during the holiday season, with recovery rates comparable to last year,” Nitin says.

According to an Avendus assessment, the country’s direct-to-consumer sector will be worth $100 billion in the next five years. There are 600 direct-to-consumer brands in India, which is expected to double in the next five years. Over 16 brands have combined annual revenue of more than $60 million.

Based on the popularity and demand for handicraft and handloom products, the bootstrapped firm has produced a revenue of Rs 30 crore this year and hopes to make a revenue of Rs 100 crore in the following three years.

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Company Overview

Legal Name

iTokri

Industries

D2C

Founder(s)

Nitin and Jia Pamnani

Founded Date

2012

Total Funding Amount

NA

Investors

NA

  1. Med-x

Byways, small cities are often the starting points of big dreams. Indroji Rao Kadam, Vishay Gupta, Dr. Abhinav Sharma, and Dr. Abhinav Sharma came together to launch Med-x, a Gwalior-based startup offering medicine delivery. With a clear vision that entrepreneurs need not be the first, they chose medicine delivery, no longer a novel concept. Just do it better!”

Five more municipalities in Tier-2 cities have been added to the company’s operations in six months, resulting in 6,000 orders for the startup that launched in September 2015. If you order your medicines before 2 pm, they will arrive the same day (if you order before that time). You can also place your orders by phone. As well as saving you time, the company can also assist in finding medicines your local pharmacy may not have.

See also  Top 10 Most Innovative Startups in Dehradun 2022.

Those who depend on other family members for their medicine and ailing seniors living alone and single parents can shop online at this online pharmacy. Medical-x also provides diagnostic services at a discounted price from reputed laboratories in town, including sample collection and report delivery at your doorstep.

“Medicines are costly. To reduce the cost of buying and delivering medicines, we have built efficiencies in our supply chain. Med-x co-founder Vishay Gupta said the company is giving customers a 15 percent discount.

Revenue sharing is the team’s model. The chemists pay a percentage of the sale value as commission on every order the company receives from them.

Med-x has the distinct advantage of catering to those who love using smartphones and those who prefer traditional landlines and basic mobile phones. By 2020, India’s healthcare sector is estimated to be worth $280 billion. We should also consider that in India, a town with a population of 20 lakh has retail sales of more than Rs 10 crore in the medicines market. In addition, we can also accommodate people who don’t have smartphones by taking phone orders,” says Indroji Rao Kadam, 33, who comes from one of the oldest Maratha families of Gwalior and is the chairman of Sumi Life Care: Pharma CFA and Distribution Company.

“Chhatrapati Shivaji was not only brave but also intuitive and often found special ways to overcome difficult situations,” says Indroji of the Maratha warrior. Similarly, we can communicate with customers in a timely and informed manner by informing them about delays and nonavailability. This allows the customer to adjust their plans accordingly.”

Med-x currently has 2,500 clients and has handled 6,000 transactions, with over 50% of repeat orders. Every month, the startup opens a new center. Apart from Gwalior, Med-x now has Bhopal, Jalandhar, Indore, Jammu, and Lucknow offices. In addition, med-x hopes to expand to Tier-2 cities to reach 20 by June 2016 and 40 by March 2017.

Company Overview

Legal Name

Med-x

Industries

Medicines

Founder(s)

Indroji Rao Kadam, Vishay Gupta, Dr. Abhinav Sharma, and Dr. Abhinav Sharma

Founded Date

September 2015

Total Funding Amount

NA

Investors

NA

  1. Swaayatt Robots

Self-driving vehicles have become the hottest topic among tech enthusiasts, thanks to companies like Tesla and Google. As a result, many companies worldwide are developing autonomous driving vehicles that can drive over various terrains.

Bhopal-based Swaayatt Robots has joined the bandwagon to make accessible, affordable, and accessible autonomous driving technology available to all. Sanjeev Sharma, the CEO of Autonomous Robotics, was able to keep a lot of his competition behind him with his in-depth knowledge of all the technology involved in the field. To develop smart solutions for self-driving cars, he has been doing research and mathematical calculations since 2009.

In our conversation with Mr. Sanjeev, we learned everything Swaayatt Robots is working on and their autonomous vehicles and robotics plans. Go to the next page to read it in its entirety. In addition, you can watch the video below for a more in-depth discussion between our editor and Sanjeev.

For the past 11 years, he has been researching autonomous navigation—a DARPA Grand Challenge in the US inspired him back in 2009.

During those years, autonomous driving became a personal aim of mine. He continued researching and conducting self-studies on motion planning and decision-making under uncertainty for many years. The emphasis was on utilizing machine learning, reinforcement learning, and other approaches to their full potential. Swaayatt Robots was founded in 2014, but it was not merely a result of his studies over the previous few years. 

He tackled the perceptual planning and localization challenge using some motion and decision-making theories. He’d only done the study in decision-making and motion planning. However, I was unfamiliar with the concepts of perception and localization. Therefore, his extensive mathematical knowledge was quite beneficial to me.

As he developed the algorithmic framework for autonomous driving around 2015, he realized that this could be something very big, and we could solve the problem of autonomous driving efficiently in very stochastic, aggressive traffic scenarios. The startup has been his full-time job since 2014.

Although his research covers a wide range of topics, our company’s primary focus is developing decision-making and motion planning algorithms that enable autonomous vehicles to handle very high levels of traffic dynamics stochastically. Approximately 65 to 70% of what Swaayatt Robots does is research. Research in this area entails algorithms for processing sensor data from a robotic vehicular system and then building 3d models of the world around it. This constitutes 25%-27% of the research budget. 

Our company is among the few companies in the world that can allow autonomous vehicles to perceive their surroundings with off-the-shelf cameras that function during daytime and at night. The journey so far has looked like this.

Automated driving combines three algorithms into one system: perception, planning, and localization. Sensor data is analyzed, processed, and 3d images of the vehicle are constructed. This process is called perception. Algorithms for localizing vehicles on roads attempt to determine their position globally accurately. Robots in academic settings are used to do this. Google pioneered this model in 2009.   must create a three-dimensional map of a road before an autonomous vehicle can operate on it. 

High-fidelity maps are what we call them. They store some of the most important environmental information. They usually represent delimiters. The entire environment is mapped very precisely before an autonomous vehicle can navigate it. These high-fidelity maps contain all lane markings, road limits, and other delimiters found in the environment.

When the vehicle navigates in an environment for which you already have high-fidelity maps, you collect data from the car’s numerous sensors and compare it to a reference map you’ve created. This matching procedure yields a pose vector, which indicates where the vehicle is on the planet and its configuration. Once you have the position and configuration of the car on the road, you may project all of the information from the high-fidelity maps on top of the vehicle’s current configuration.

When you project this data, such as road markers, lane markers, and any other type of road delimiter or environment delimiter, the autonomous car understands where it is presently about a specific delimiter or lane marker. As a result, this is what localization algorithms accomplish.

Planning and decision-making are the final aspects of autonomous driving. Your autonomous car will be more capable if you have more sophisticated and better planning and decision-making systems. Companies at level two, level three, level four, and level five autonomy, for example, will be distinguished by planning and decision-making algorithms. A planning algorithm is an algorithm that is responsible for making decisions or planning the vehicle’s motion and behavior.

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The more sophisticated your planning algorithms are, the better your car will perform. Several motion planners and decision-makers assist in assessing the vehicle’s and environment’s safety and the speed at which you are traveling, the vehicle’s surroundings, and all the metrics that you can calculate from your environment. Algorithms for planning do this.

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Company Overview

Legal Name

Swaayatt Robots Pvt. Ltd.

Industries

Automotive, Autonomous Vehicles Transportation

Founder(s)

Sanjeev Sharma

Founded Date

May 21, 2015

Total Funding Amount

$3M

Investors

Startup Reseau, NSRCEL, and 1 Other Investor

  1. Easy Retail For You

Due to these factors, fashion buyers were cautious with their spending. But in 2021, we’ll see a very different picture. This blog will examine how the garment billing software can change the fashion industry.

The number of shoppers online doubled during the Coronavirus pandemic. Fashion is such a massive industry. Customers have such diverse tastes that they change continually. As a result, the garment industry has to modify its formats and products. They can easily find fashion brands in online stores and have easy access to prices, comments, feedback, and opinions from customers. Manually handling all of these is almost impossible for the average person. It is, therefore, necessary to use a garment billing software that can provide you with a deep analysis of your business and streamline all your retail operations.

India’s retail businesses benefit greatly from digital innovations in this new era of technology. For example, garment Billing Software provides inventory management for the business owner and deep insights into changing consumer demand, buying patterns, and overall business performance. By having an in-depth understanding of your business, you will be able to make timely decisions that will improve the quality of your garment store and help maximize profitability.

Consumers prefer offline payment and shopping modes despite the growing number of online payment options. In response, the offline retail industry has also adapted to the digital age to enhance customer shopping experiences. They can easily improve business productivity by implementing digital payment modes in the future. Clothing billing software is one of the innovations driving this digital revolution in business by providing customers. By establishing a profitable business model and creating new business value in this dynamic market, we will be able to give some of the best shopping experiences in the world.

It has now come a long way for the retail industry. Retailers today use single retail software in India instead of cash registers that allow them to sell products and services worldwide. Indeed, with the advanced technology available to retailers, a businessman can run his or her operation using only a Smartphone. Likewise, store owners may easily sell anything and operate their store online 24/7 using a retail software system like Er4u.

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Company Overview

Name

Easy retail for You aka ER4U

Industry

Internet of things, Retail technology and Software

Founder(s)

Abhinav Saxena and Sohil Bansal

Founded date

June,2015

Operating Status

Active

Company Stage

Unfunded

Competitors

RELEX, Lightspeed, Bazaarvoice, CallidusCloud, SPS Commerce etc.

  1. CloudTrains Technologies

CloudTrains Technologies was founded by Tripti Tiwari in Gwalior, Madhya Pradesh, a Tier III city. Over the years, it has completed more than 800 projects with more than 150 clients. It has also gained a strong reputation for association and partnership with leading technology companies like Microsoft, Google, Facebook, etc.

The notion that “good girls” should grow up to become meek and pretty wives and daughters-in-law were pervasively propagated to Tripti Tiwari during her childhood in the small town of Gwalior. In such difficult circumstances, becoming an entrepreneur was not even a possibility. Nevertheless, I succeeded. My family crests the history of the first female engineer and entrepreneur in my family tree. The conventional definition of a good girl no longer applies to me to become a powerful and independent woman,” she says

At Present, Tripti is the Managing Director and Co-Founder of CloudTrains Technologies, a global services company specializing in data analytics, mobile applications, software development, web development, Internet of Things (IoT), cloud integration, artificial intelligence, and blockchain technology.

Tripti spent six years working in corporate development and emerging business at Microsoft, Infosys, and a few startups after graduating in Computer Science from Rajiv Gandhi Prodyogiki Viswavidyalaya in New Delhi. However, she did not find any of these workplaces satisfying. “There was a lack of team building and a bad work culture in general.”. So when I started my own company, I wanted to create an environment conducive to innovation with the best work culture, and she says she is also ready to give another chance to women who wish to start over.

they selected Microsoft Student Partner (MSP) during this time, and it had a profound effect on her life and career. “The Microsoft Bootcamp gave me an understanding of startups and entrepreneurship. I thought about starting my own business,” she explains.

Founder of Cloudtrains Technologies, she started the company in 2013 in a room in her house. She opened an office in the Gwalior-IT Park (Software Technology Parks of India) five months later, with over 50 clients. An early pain point for a startup was finding clients and generating revenue. 

A CloudTrains company is a shop for building a project from the ground up, developing business plans, integrating technology into the product, forming partnerships, and acting as an in-house technology department. Our development team connects the customer’s team to our backend system. 

We also have over 300 top coders from around the world. We collaborate to share, chat, develop, design and learn. As a result, this distinguishes CloudTrains from other IT firms,” Tripti adds. She explains that the company has two revenue models. 

“First and foremost, we create products and tools for startups and businesses as part of a “complete growth and service solution,” in which we handle and manage a client’s software and hardware systems and business processes. Second, we form strategic alliances with other IT firms and freelancers — this is our percentage-based approach, in which we split earnings equally.” Finally, there is no alternative to dedication. The company is still bootstrapped, but they transformed it into a private limited company last year.

The 50-person team has completed more than 800 projects for more than 150 clients. Google, Microsoft, Facebook, Software Technology Parks of India, Nasscom, Amazon Web Services, Tizen, D&B, Samsung, and Adobe, among others, have all made important associations and agreements with it. 

Tripti was the company’s sole creator until Aditya Chaturvedi joined as a co-founder and Chief Marketing Officer. She was in charge of sales, lead generation, and technology development up until then. “I arrived home late because I spent most of my time at work.” My competitors used to tell me that I had an easy time getting clients because I was a woman. No one was prepared to see my hard work, but I persisted.

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“I never pay attention to what other people say; instead, I focused on my startup since I knew that my success would demonstrate to others that a woman can achieve anything,” she adds.

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Company Overview

Name

CloudTrains Technologies

Industry

Business oriented solutions

Founder(s)

Tripti Tiwari

Founded date

Nov 26, 2018

Operating Status

Active

Company Stage

Bootstrapped

Competitors

NA

  1. Ondoor

*2,500,000 Crore ($400 Billion) is the current estimated size of India’s food and grocery market. Recent research by advisory firm TechnoPak projects that by 2020 the market will generate over $600 billion in revenue. Over the next few decades, it is expected that a significant chunk of this market will convert to eCommerce platforms. The vast majority of this market is located in category B and towns.

OnDoor’s promoter, NS Bapna, stated that consistent and exceptional customer experience would determine the business’s success, so customer service and logistics operations are the backbones. With the ability to understand the daily order pattern and consumption patterns of existing customers and the experience of other businesses in the field, they can make better business decisions. By refining and pruning its operations strategy, OnDoor not only improved the delivery and exchange time but also increased its overall cost efficiency. It is now making an average of 1800 home deliveries every day in Bhopal. However, the startup began with only 250 deliveries per day. OnDoor has opened over 20 stores in less than a year.

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Company Overview

Legal Name

ON DOOR CONCEPTS PRIVATE LIMITED

Industries

Other Specialty Trade Contractors,  Specialty Food Stores,  Miscellaneous Nondurable Goods Merchant Wholesalers,  Warehousing and Storage,  Other Support Activities for Transportation

Founder(s)

Pramod Ramdas Ingle, Narendra Singh Bapna

Founded Date

15-12-2014

Total Funding Amount

$2.07M

Investors

Duane Park, Anicut Capital, Sumer Sethi, Universal Trustees Private Limited, Avtar Singh Monga, and one other

  1. Synram Technolab

We are a company that develops SEO, SOFTWARE, and websites. Our goal is to design an alluring website for your business that will influence it to prosper.

We promote your website to the clients via your market by presenting it attractively with our Digital Marketing Techniques. Moreover, we provide you with the Roadmap To Face Your Customers Online With an Attractive Web Presentation.

Company Overview

Legal Name

Synram Software Services Private

Industries

MOBILE APPLICATIONS

Founder(s)

Aunsha Nayak

Founded Date

01/07/2007

Total Funding Amount

NA

Investors

NA

  1. CollegeKhabri

CollegeKhabri was started by Arshi Khan, a student who provides career guidance to her peers. She is a college dropout. Yes, you heard that right. The platform helps students determine their career paths and the appropriate colleges. In her lectures, she guides students on how to make wise career choices and the course or degree they should pursue.

Career counseling results from a problem that Arshi herself had to deal with. Her father always guided Arshi on her career path, so she was clueless after his passing. She discussed what she could choose as a career with a few of her friends and decided what to do with an engineering degree. After talking with a few of her friends, she decided what most of her friends were doing, Engineering.

She dropped out of engineering after realizing this was not what she liked. Suddenly she realized that this was a universal issue, not just hers. The word business means solving a problem, which is what Arshi started to do. Many people choose the wrong career path or have no idea what they want to do.

In 2019, Arshi started college Khabri to provide comprehensive career counseling services to students. CollegeKhabri helps students determine their career paths by analyzing their profiles and assisting them with assessing themselves. The platform helps students select the right college and career path based on this information.

The student portal features a feature called Compare Colleges which enables students to find colleges they may be interested in. Comparing two colleges is possible according to factors like Fee Structure, Placement, Faculty, Exposure, etc. Avinash Seth met Arshi Khabri at a networking event. CollegeKhabri now has a team of 20 members. She recently hired Avinash as her new CTO.

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Company Overview

Legal Name

Dirasa Pvt Ltd.

Industry

Educational and training service; Educational Software

Founder(s)

Arshi Khan, Rothar Jelis

Founded date

Nov 2016

Operating Status

Active

Company Stage

Seed

Total Funding

Amount undisclosed

Investors

Vishal Dixit

Competitors

CollegeDekho, Quero, Edukasyon.ph, Collegedunia, GetMyUni 

  1. Markstein Technology

Markstein was created in 2009 with more than a decade of experience in providing mobility solutions. Customers worldwide benefit from the company’s high-quality, cost-effective, and dependable IT services. PHP,.NET, Java, Perl, MySQL, Oracle, and various other technologies are among the team’s specialties. You can Skype with them or call their phone number directly if you want to submit your company idea to them and receive a quote.

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Company Overview

Legal Name

Markstein Technology Solutions

Industries

Marketing 

Founder(s)

Shashank Rusiya and Sharada Gupta

Founded Date

04 DEC 2009

Total Funding Amount

NA

Investors

NA

  1. Gold Setu

On Monday, Village Global, Better Capital, Titan Capital, iSeed, and Anjali Bansal announced that Gold Setu Private Limited, a mobile-first micro SaaS platform for jewelry retailers, had raised $1.2 million by Better Capital, iSeed, Village Global, Titan Capital, and Anjali Bansal for Avaana Seed.

Other angel investors who participated in the round were Kunal Shah, Suhail Sameer, and Revant Bhate.

According to the Bengaluru-based company, they will use the cash to drive go-to-market initiatives, introduce new products on its platform, and grow into other markets. According to Vikas Verma, CEO, and co-founder of Goldsetu, the money would help the company achieve its goal of becoming the de-facto operating system for the jewelry value chain.

“We’ve been able to build a platform that allows any jewelry merchant to go digital without making any upfront technological investments and provide their customers with the same immersive omnichannel experience as larger businesses with multimillion-dollar tech budgets,” he said.

Vikas Verma and Anuj Sachdev founded Goldsetu, a first-of-its-kind financial and commerce SaaS platform for jewelry dealers. It enables jewelers to quickly build their digital storefront, complete with digital ordering and payment options. In addition, smart dashboards, product and customer statistics, priority lists, and CRM tools make it easier to operate their store digitally.

More goods, such as digital gold, jewelry insurance, gold loans, and marriage loans, are being developed by the company for jewelers to provide to their consumers.

“We are thrilled to have such important partners at such an early stage of the firm,” stated Anuj Sachdev, cofounder of Goldsetu. We will continue to improve our platform’s capabilities to become a valued partner in the jewelry merchants’ digitization journey.”

Company Overview

Legal Name

GOLD SETU PRIVATE LIMITED

Industries

Jewelry Retailers, SaaS

Founder(s)

Anuj Sachdev and Vikas Verma

Founded Date

19- march-2021

Total Funding Amount

$2.39M

  Investors

Anjali Bansal, Kunal Bahl, Kunal Shah, Rohit Bansal, Revant Bhate, Suhail Sameer, iseed, Titan Capital, Village Global, Better capital and others

edited and proofread by nikita sharma

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