Top 10 Most Reputed Startups In Jalandhar 2022
Startups: Despite its great potential, Punjab has been slower to grow than other states in terms of the startup ecosystem. However, including Chandigarh, Punjab saw unprecedented funding in 2019: four startups. Educators in Punjab participate in incubators, mentorship programs and innovation.
Having played a central role in the green revolution, Punjab has long held a important place in Indian history, as the catalyzed a tremendous increase in agriculture in India. However, many unsavory reasons have garnered its notoriety in the past decade. After overcoming these problems, it has gained a reputation as a place that encourages entrepreneurship. Punjab was ranked as one of the top emerging states for startups in DPIIT’s state-by-state startup rankings for 2018.
People in Punjab thrive on new business ideas and are always looking for new ways to make money. However, the state’s startup ecosystem has grown exponentially and slowly. A study conducted in the sector found that in Punjab (including Chandigarh), a mere four startups in 2019.
How do the federal governments’ actions and policies help Punjab’s startup ecosystem, and how do they boost innovation from the ground up? This article will answer these questions and explain how Punjab’s startups are gaining recognition despite slow investment and development.
Startups are the focus of government policy.
Modern-day economies cannot ignore startups and technology. The growth of India’s tech industry, the fastest-growing contributor to the world economy, is crucial for creating jobs and wealth for the country. So it’s not surprising to see state governments support and encourage tech startups.
Punjab’s Startup And Entrepreneurship Development Policy of 2017 has been a key step entrepreneurship in the state. Implemented in 2017, the policy will benefit startups for five years.
The policy includes the following goals:
- In five years, we will have supported 1000 startups
- By the end of the year, ten incubators and accelerators will be in place
- Strengthening connections with all major institutions
- Fifty Entrepreneurship Development Centers (EDC) at colleges
Many state-sponsored events have the business community, allowing them to connect with potential investors and entrepreneurs.
Punjab’s Startup Enablers
Chandigarh and Punjabi cities, including Ludhiana and Amritsar, to prepare Punjab’s startup ecosystem to compete with emerging startup hubs. In addition, tiE provides entrepreneurs and investors to meet each other.
The tiE is not the only company that helps startups in the state get exposure and a platform for growth. Incubators and coworking spaces are active initiatives. However, state officials have not developed an accelerator program, likely because it is still a burgeoning state. Accelerators typically emerge when a city has at least a few growth-stage startups.
Incubators, Coworking Spaces:
The educational establishments in Punjab play a vital role in promoting the startup ecosystem, which we cannot ignore. The state’s colleges and universities run the majority of its incubators. They assist young innovators with great ideas but require help forming a firm vision.
In addition to these, other notable startups include ISB Mohali, the Technology Business Incubator (TBI) at IISER Mohali, the TBI CEED at Chitkara University, the TBI at IIT Ropar, and the LPU (Lovely Professional University) Startup School.
In addition to colleges and universities, other prominent names act as incubators and coworking spaces, assisting startup companies in the state in finding a suitable work environment. Coworking spaces and incubators include:
- STPI Mohali: Many STPIs (Software Technology Parks of India) has been established to promote IT growth in India. STPI recently announced an initiative called Startup Punjab Hub that will provide access to great infrastructure and help startups in Punjab and beyond.
- Starthub Nation: Starthub Nation gives startups access to a host of global startup events, mentors, and more, besides providing an environment and place to work.
- SACC: It plays a crucial role as an enabler of the Startup Accelerator Chamber of Commerce (SACC). Startup In A Box provides access to monthly, individual mentoring from creative, industry experts, and a motivating work environment, startup library, and more through its coworking space.
Investing Company’s And Angel Investors:
Chandigarh Angels Network (CAN) is one of the most prominent investing company’s in the state. In California Angel Network, successful entrepreneurs who have converted to angel investing support and help promising startups from California scale up. According to the group’s website, its CAN portfolio creates 1,500 jobs through more than 45 members. CAN has helped make the state famous for having many angel investors, among them are:
- Munish Jauhar, president, TiE Chandigarh
- Kunal Nandwani, founder and CEO, uTrade
- Sameer Jain, CEO, Net Solutions
- Ajay Tewari, CEO, smartData Enterprises
- Alok Ramsisaria, CEO, Grazitti Interactive
Story on Jalandhar based startup
An innovative startup from Jalandhar targets the Rs 1,000-cr organic products market. College students, new entrepreneurs, or people looking to solve a problem often come up with startup ideas. From a mixture of these factors, Lovely Lifestyle was born.
Upon graduating from the Global Strategic Management program at Babson College, Vaibhav Mittal, a Computer Science Engineer and MBA, worked part-time as a musician and for a musical instrument retailer in Los Angeles. His experience there led him to create Lovely Lifestyle, a company that makes organic products.
Vaibhav got the idea for his organic products business while relocating to Jalandhar to work for the Lovely Group in 2014. In my time in the United States, I was involved in the most mature e-commerce market globally and competed directly with Amazon for the number one position in the market. So my initial assessment of the e-commerce business in India after I left in 2010 was that it had grown dramatically since I left. Vaibhav says he chose to combine his experience in e-commerce with his love of organic and natural products.
The starting
According to Vaibhav, when he began researching the market for organic products, he found a few large companies in the Indian market supplying genuine organic products.
In Tier II and III cities, the desire to provide organic products of high quality seemed like a good idea then, especially since the demand was high but supplies were few. Lovely Lifestyle is a curated marketplace that showcases an array of real, earthy organic products from 150 different brands. It offers a range of 10,000 items from 150 different brands. He was able to build the core team after the initial research, but the next challenge was finding the right recruits.
Team and growth
People from different backgrounds make up the core team. For example, content writers submit appropriate content to the platform; category managers sign up brands; an IT team of 10 people, including developers, recommends products to customers; and product specialists analyze data to make recommendations. Lovely Lifestyle raised Rs 50 million as part of the Lovely Group.
In the three years since its founding in 2015, the team has grown by about 200 percent. According to their claim, their growth rate is roughly 20% on a month-to-month basis, and they have the goal of taking at least 5% of the total market share by 2019.
The space and plans
In the next five years, the organic skincare market in India is expected to grow twofold and cross Rs 1,000 crore by 2020, according to market reports. In an April 2015 KPMG report, the beauty and wellness industry was projected to nearly double by 2018 to Rs 80,370 crore, 15-20 percent per annum.
The organic skincare market is projected to reach Rs 1,000 crore in the next five years. Organic skincare and wellness are key areas of focus for many players in this space, including Beardo and The Man Company, which specializes in men’s grooming.
Organic Harvest and Coimbatore’s Juicy Chemistry are other players. “Get to know the customers’ needs first and then build the platform to meet them,” says Vaibhav.
Lovely Lifestyle is more than just an organic products marketplace — it curates content on how to use the different organic products it offers. In addition, as part of its commitment to drive sales and develop institutional partnerships, the team has partnered with complementary service providers, including beauty services.
How innovative are Punjab’s startups?
Some great ideas are coming out of Punjab’s startup ecosystem, but it gets little attention because it lacks any major growth-stage startups. On the other hand, several cities are emerging as top startup hubs, including Mohali, Chandigarh, and Panchkula (the Tricity).
In addition to attracting investors in the state, startups in the Tricity area draw the attention of entrepreneurs and incubators. A large talent pool is easily accessible in Mohali, thanks to the fact that it has several renowned research universities.
In addition, Chandigarh and Mohali belong to India’s rare group of planned cities. Therefore, their infrastructure is great, and their quality of living is excellent. As a result, other smaller cities can take inspiration from this city to innovate. Patiala, Ludhiana, Jalandhar, and Amritsar are upcoming startup hubs in Punjab. Punjab fosters a vibrant startup ecosystem through its educational institutions, colleges, and universities.
- The Date House
| Legal Name | The Date House |
| Industries | Health & Wellness Food |
| Founder(s) | Ashish Dang and Pankaj Rattan |
| Founded Date | NA |
| Total Funding Amount | $4.2 trillion |
It is now possible for consumers to express themselves through the brands they eat, drink, and wear. However, a consumer’s desire for real ingredients from nature is not satisfied with artificial and “natural” flavors created in a laboratory.
Consumers express their activism by purchasing products that align with their beliefs and aspirations. By “voting with their dollars,” they are supporting companies aligned with their values and hopes for the future.
The DATE HOUSE concept was born from there. What can be healthier than health products made of natural products; Dates and nuts are perfect for this purpose. Natural products are the core of The Date House’s business, as other products derived from these natural products are offered.
Wellness market revenue grew by 12.8% between 2015 and 2017, from $3.7 trillion to $4.2 trillion. From 2015-to 2017, wellness economic growth was nearly twice as fast as global economic growth (3.6 percent). Health & Wellness food is experiencing excellent growth in the Indian market.
The shifting face of the retail food service business, according to a new FICCI-PWC analysis, highlights health and Wellness as one of the causes driving the Indian food services industry, which had a revenue of Rs 3,37,500 crore in 2017. Approximately Rs 5,52,000 crore in food services revenue is expected by 2022.
It says that a growing awareness of eating well has prompted a focus on health and wellness. Developing a healthy, transparent, and socially responsible food industry is one of the goals of The Date House. The company seeks to create more sustainable and better alternatives to traditional sweets.
And they aim to do it by educating clients on how to make healthier choices. They also want to be the first to deliver elegant and hygienic products to the market.
After decades of traversing the world and sampling sweets from every country they visited, one thing remained consistent: the unfamiliarity of the ingredients utilized. Local stores sold delectable treats, but there was no information on how they prepared the sweets, hygiene, or, most critically, health. So they came up with the healthiest sweet option of all: dates. Dates, which are not only tasty but also extremely healthy, pleased both our sweet demands and our health requirements, resulting in the establishment of The Date House.
The company invested in not just the sourcing but also the packaging of exotic dates so that they could distribute them across the globe. Their packaging and design teams are made up of renowned designers. This package is intended to give customers a sense of appreciation and a sense of beauty. They studied consumer behavior and responses to the product last Diwali season during the sample run. And they aim to do it by educating clients on how to make healthier choices. They also want to be the first to deliver elegant and hygienic products to the market.
After decades of traversing the world and sampling sweets from every country they visited, one thing remained consistent: the unfamiliarity of the ingredients utilized. Local stores sold delectable treats, but there was no information on how they prepared the sweets, hygiene, or, most critically, health. So they came up with the healthiest sweet option of all: dates. Dates, which are not only tasty but also extremely healthy, pleased both our sweet demands and our health requirements, resulting in the establishment of The Date House.
The company invested in not just the sourcing but also the packaging of exotic dates so that they could distribute them across the globe. Their packaging and design teams are made up of renowned designers. This package is intended to give customers a sense of appreciation and a sense of beauty. They studied consumer behavior and responses to the product last Diwali season during the sample run.
Who sold all the inventory in half the time when they launched it in tier-2 cities. The next step was the packaging and marketing, which took over six months. Now, the product is ready for global audiences. Ashish Dang founded the Date House.
Ashish Dang holds a Bachelor of Technology degree and a Master of Business Administration (Retail and Marketing). Having worked in a senior management role for eight years, he has eleven years of international retail experience. He manages the idea generation, strategic planning, procurement, marketing, determining The Date House’s business and pricing model, and exploring international opportunities.
Pankaj Rattan is the other founding member. Having spent over 15 years in international retail, Pankaj holds a Bachelor of Science degree in Commerce. Besides seeking out and managing local vendors, Pankaj is also responsible for managing The Date House’s operations. In Amman, Jordan, a large retail company employed Ashish and Pankaj for two years. Since then, they have shared an excellent synergy.
The way Pankaj approaches business expansions has always been a fantastic quality for him. Ashish was looking for someone to help him grow the Kidswear brand he worked for four times over within two years. Ashish approached Pankaj, and he immediately agreed to the idea of creating a healthy sweet alternative for India. Their bond between personal and professional lives has always been strong, and they have always had strong family support.Â
- FoodPandaÂ
The delivery network of FoodPanda, owned by Ola, will be expanded to 30 additional cities, making it the country’s leading food delivery company in 50 cities. The food delivery network has recently penetrated cities such as Kota, Jodhpur, Udaipur, Ludhiana, Amritsar, Bhopal, Jalandhar, Allahabad, Dehradun, Varanasi, Vadodara, Surat, Aurangabad, to name only a few.
By the end of this year, it will also be operating in 100 cities. Foodpanda will then push its expansion strategy in the east and south. Foodpanda India CEO, Pranay Jivrajka, commented on the expansion. As the only food delivery platform available in these many cities across India, we are delighted about our development to 50 cities.
We have brought the superior food experience we bring to millions of first-time customers in these unserved cities. Our network now covers all metropolitans and the largest tier 1 & 2 cities across the country! In a month, we plan on being available in at least 100 cities, working to build India’s most preferred food experience platform.” We continue to grow rapidly and aim to reach 100 cities in a month.”
Lastly, he acknowledged Ola’s contribution to expanding his business. A full Foodpanda integration exists with Ola, leveraging local insights and customer preferences around cities. By rapidly expanding our operations across the country, we believe we can offer a differentiated food experience to a billion Indians. A few months ago, Mumbai-based cloud kitchen venture Holachef, which shut down a few months ago, was acquired by Foodpanda for an undisclosed amount. This marks Foodpanda’s foray into cloud kitchen services.
A hungry space- Food Delivery
Eating trends change all the time, with some people viewing food as a need while others view it as a passion. Zomato and Swiggy have already joined the exclusive Unicorn club. The country’s $50 billion food industry is increasing at 15% every quarter. With over 170 million users on the platform, a field that was young just a few years ago is sizzling hot presently. Every day, Zomato and Swiggy alone handle roughly half a million deliveries. Furthermore, major stores and cab-hailing companies are promoting the food domain through acquisition (ola-foodpanda) or establishing a subsidiary arm (uber-uber eats).
According to RedSeer, a consulting company, the food technology industry has received approximately $600 million in funding thus far. Since its inception, the food-tech industry has seen important changes. With companies reaching new heights, the space has seen a 150 percent increase in revenue from $120 million in 2015, with the Gross Merchandise Value (GMV) forecast to reach $300 million. By the end of 2018, the industry is estimated to be worth $1.5 billion, rising to $2.5-3.5 billion by 2021.
The Indian food sector, which includes the online grocery markets, is the sixth-largest market, accounting for 70% of total sales. The food processing industry accounts for 32% of the total. The Indian gourmet food sector is worth $1.3 billion and is increasing at a 20 percent compound annual growth rate (CAGR).
Company Overview
| Legal Name | FoodPanda |
| Industries | Food |
| Founder(s) | Ralf Wenzel, Rohit Chadda, Benjamin Bauer, Felix Plog |
| Founded Date | 26 Mar 2012 |
| Total Funding Amount | $749.5M |
| Investors | 8 investors |
- YesTeacher
Cloud-based school management software provider
The YesTeacher school management system is cloud-based. You can manage attendance based on facial recognition, class-wise performance, create assignments, subject-wise performance, send SMS, test-wise performance, organize personal events, etc.
Company Overview
| Legal Name | YesTeacher |
| Industries | Cloud-based school management software provider |
| Founder(s) | Rahul Pandey |
| Founded Date | 2019 |
| Total Funding Amount | NA |
| Investors | NA |
- Rancike Gyan
However, the younger generation is the one who has been most affected by these tough times. This increased screen time and a lack of opportunities as schools, colleges, and corporations went into lockdown mode. The economy slowed down, which meant fewer employment opportunities.
An Edtech startup named Rancike Learning Private Limited held paid internships in content development and digital skills for more than five hundred students. This company offers physics, chemistry, math, and biology concepts in classes 10-12 using video content. Their team of experts from various NITs and IITs is available to solve your doubts interactively. It maintains affordable rates while developing high-quality content. In addition, we offer Rancike with regular content to many top Edtech players.
Rancike Gyan is also a learning app that they recently released. Students have never had a free community application of this kind. We provide various solutions to textbooks, examples of test papers, and other related materials in various formats such as word documents, pdfs, and jpegs. With no fees associated with this service, students can network, exchange notes, and share ebooks without incurring any costs. Designed primarily for students pursuing CBSE and ICSE board education, this app targets students from 9th through 12th grades.
Students are assigned mentors based on their behavior and learning patterns by the app, which uses artificial intelligence to provide them with guidance. They organized these internships to address the current situation where young people spend most of their time on mobile phones and watching useless videos. These internships will not only help to enhance young people’s skills but will also reward them for their hard work.
Like any other industry, Edtech has evolved a lot in the last few years,” says Mr. Gaurav Kumar, Director of Rancike Learning OPC Pvt. Ltd. The Edtech sector presented enormous opportunities to create content, as more than 500 startups launched from 2019 to 2020.Â
In addition to providing an opportunity for young content creators to gain experience, we want to empower them with practical knowledge. As a result, interns at the company are now ready to start their careers as content creators. Moreover, we provide training to people from lower-income backgrounds who are marginalized, thus allowing them to pursue regular employment.
Education is one of the most funded sectors in 2020, with the Edtech sector experiencing a surge in the online education domain. The venture capital community’s amount in ed-tech startups has almost tripled in a year, from $310 million to $998 million, from January to July 2020. As a result, tech companies have witnessed great growth, with free audiences sometimes increasing by 3-5X and 50-100% monthly revenue growth during prosperous times.
Offerings would be the deciding factor in whether this trend sticks or not. Unfortunately, the content guzzler for the last few years has been this sector. With Edtech, parents can now participate in their children’s education at home with innovative, personalized, and customized content.
Company Overview
| Legal Name | Rancike Learning Private Limited |
| Industries | Edtech |
| Founder(s) | Gaurav Kumar |
| Founded Date | 2019 |
| Total Funding Amount | NA |
| Investors | NA |
- Olive International
A platform for managing and communicating learning.Â
An online platform that enables teachers to assign and collect student work take online assessments, and better communicate with students, Gradebooks, attendance records, and test generation are all managed by the teacher. Apps for smartphones provide access to platform features.Â
Company Overview
| Legal Name | Olive International |
| Industries | SaaS |
| Founder(s) | NA |
| Founded Date | 2013 |
| Total Funding Amount | NA |
| Investors | NA |
- Chadha Software Technologies
Knowledge management system based on the Web
PHPKB helps company share information with their customers or employees by providing a searchable and customizable knowledge base platform that can match a company’s brand and look on public or intranet websites. Publishes and manages articles, user manuals, white papers, business procedures, online help, FAQs, APIs, and any other information the user may require. A license-based revenue model makes it possible to search the full text.
Company Overview
| Legal Name | Chadha Software Technologies |
| Industries | SaaS |
| Founder(s) | Rob May and Vik Chadha |
| Founded Date | 2002 |
| Total Funding Amount | $22 Million |
| Investors | NA |
- Burg CMS
An company that develops websites in the cloud. The Burgcms web development services are cloud-based. In addition to free hosting and website optimization, you can customize your layout, use ready-made forms, manage your website from mobile devices, and much more.
Company Overview
| Legal Name | Burg CMS |
| Industries | SaaS |
| Founder(s) | NA |
| Founded Date | 2020Â |
| Total Funding Amount | NA |
| Investors | NA |
- IMS247
System for managing schools in the cloud
An online school management system, IMS 24×7, is cloud-based. Students and staff can access modules that manage student and staff databases, expenses, results, and fees. Furthermore, the school provides access to the course details and tuition reminders via a mobile app. The application generates reports based on attendance, expenses, and student results. From Rs 899/month, you can subscribe.
Company Overview
| Legal Name | IMS247 |
| Industries | System for managing schools in the cloud |
| Founder(s) | Smt. Shyamala Gopinath |
| Founded Date | 22nd November 2010 |
| Total Funding Amount | NA |
| Investors | NA |
- My Hotline
Customer Relationship Management and cloud-based telephony provider
Customer Relationship Management and telephony solutions are provided by My Hotline to business customers. Among the company’s products are
- My Receptionist (Auto call recording, SMS alerts, and IVR options are available)
- Toll-Free Number (establishes customer identity, lead generation, etc.)
- My SalesForce (tracks call duration, frequency, and voice recording)
- Missed Call
- Audio Conference
- Click to Call (Program that connects people to executive assistants through the internet)
- Broadcast, etc.
The company provides Ticket Management systems, Customer Relationship Management, Enterprise Resource Planning, Lead Management, Hospital Management systems, Complaint Management systems, School/College Management systems, Appointment Management systems, etc. Furthermore, it offers a variety of calling plans based on features.
Company Overview
| Legal Name | My Hotline |
| Industries | SaaS |
| Founder(s) | NA |
| Founded Date | 2016 |
| Total Funding Amount | NA |
| Investors | NA |
- gFit
Web-based gym management solution
Gym management software gFit is offered by Genius Office. The solution offers sales tracking, appointment management, authorized access control, calling management, birthday & anniversary alerts, lead management, follow-up management, staff progress tracker, staff & member attendance, expense management, equipment management, staff shift management, and multi-platform support.
There are two pricing categories available with the solution as of Jan 2017: Starter (INR 2299 per month) and Business (INR 3399 per month).
Company Overview
| Legal Name | gFit |
| Industries | SaaS |
| Founder(s) | Gigi Meyer Pruett |
| Founded Date | 1994 |
| Total Funding Amount | NA |
| Investors | NA |
