Top 10 Most Reputed Startups In Ghaziabad 2022
Delhi NCR includes the city of Ghaziabad, which is located in the state of Uttar Pradesh. With a population of 1,729,000, Ghaziabad is the largest city in western Uttar Pradesh and the district’s administrative headquarters. There are five distinct zones in Ghaziabad Municipal Corporation: the City Zone, Mohan Nagar Zone, Vijay Nagar Zone, Kavi Nagar Zone, and Vasundhara Zone. The local government is divided into 100 wards.
Roads and railways connect this rail junction for North India. It is in the main Uttar Pradesh route, close to New Delhi, and it has been called the “Saya of Uttar Pradesh.” The City Mayors Foundation has described the city as having the second-highest rate internationally because of recent construction works. Trans-Hindon lies on the west, while Cis-Hindon is located on the east. The city is located in the Upper Gangetic Plains.
Advantages of Startups
- Startups bring in new solutions: Startups provide solutions to problems that no one knew existed. An existing company that can only deal with existing markets has an advantage over a new company.
- Starting a business requires agility: The lean principles of startups allowing them to make quick decisions and pivot their businesses more efficiently when the need arises. In addition, since startups work on lean principles, they adapt faster and better to the ever-changing market situation.
- As a result of working with startups, people grow more: Startups tend to multiply because they operate in uncertain markets that reproduce. In addition, the experience of working with a non-traditional company gives them opportunities to learn new skills and to solve complex problems.
- A startup’s contribution to economic growth is: The entrepreneurial spirit brings fresh perspectives to an ever-changing market, fueling economic growth. As a result, new solutions are created, jobs are made, and mass opportunities are created that traditional companies cannot provide.
- Unlike established businesses, startups face less competition: Few players are interested in participating due to the time and effort it takes to create a new market. As a result, first movers are better than their competitors.
Disadvantages Of Startups
Though startups benefits, they can also pose several disadvantages:
- Due to the nature of startups, they involve a lot of risks. In addition, since startups work in unreliable markets, they succeed, and many fail.
- Starting a business requires little capital: traditional companies’ research, development, and distribution costs are usually high. The problem is that startups are often capital-strapped since they work in new markets and have to prove themselves.
- Getting off the ground is a slow process for startups: Entrepreneurial startups usually take time to become profitable. Moreover, due to uncertain market conditions, these companies have difficulty building sustainable business models that generate enough revenue.
- Stress is a regular part of running a startup: Employees work long hours without frequent breaks with multiplying startups. This can result in elevated stress levels.
Startup Life Stages
Every startup experiences ups and downs on a roller coaster ride. Because this is a novel concept, it will take time for the market to mold. This can cause difficulty for startups seeking to make their companies operate in this atmosphere.
Every startup passes through the following stages:
- Idea Stage – This is when the entrepreneurs have a vision for a product they like to create and begin to assist them in realizing it. They pitch their idea, enlist the help of investors or mentors, and hire people with the necessary skills.
- Testing Stage – Because startups attempt to create something novel, they must test their concepts before launching their product. This is accomplished by creating an MVP and testing it with the intended audience. If there is no demand for this concept, the company must pivot or close down.
- Growth Stage – demand for their product, entrepreneurs begin scaling up their operations to fulfill increasing consumer demands.
- Maturity Stage – After a startup has finally reached a good number of customers and product-market fit, it enters this growth stage, where it is projected to grow large enough for an exit or IPO (IPO). During this time, a lot of competition arises, and startups must continuously innovate and distinguish their products from their counterparts.
1) Mcube
Call center systems that are hosted in the cloud. MCube X, MCube IVRS, and MCube Track are available. MCube X is a virtual receptionist system that manages landlines, VOIP phones, and mobile systems.
MCube IVRS is an automated multiple communications system that combines with MCube X and MCube Track and links users to various departments within the corporation based on their preferences. Instant picks up, call recoding, multi-level call routing, easy-to-navigate IVRS, automatic call log maintenance, and call tracking are all features of MCube track, a virtual call tracking system. Automated campaign response management, support management, lead management, and other services are also available.
| Legal Name | MCube |
| Industries | Fuel Capital, Streamlined Ventures |
| Founder(s) | Charles Yang |
| Founded Date | 2010 |
| Total Funding Amount | Â $37M |
| Investors | 10 investors |
2) Kisan Instant
User registration can be done using Aadhar cards, PAN cards, and more with Kinsan Instant. App uses credit/debit cards, wallets, net banking, and more to allow repayment via wallets, credit/debit cards, and net banking. Loans are transferred to the user’s registered bank accounts. Loans are based on credit risk assessment.
| Legal Name | Kisan Instant |
| Industries | The app-based platform for personal loans |
| Founder(s) | NA |
| Founded Date | 2020 |
| Total Funding Amount | NA |
| Investors | NA |
3) Spayee
Spayee, an edtech startup based in Noida, acquired Unacademy Group company Graphy for $25 million. The acquisition aims to strengthen Graphy’s position as a leader in the creator economy, the company stated.
Graphy aims to provide educational content creators with a platform to grow they’re monetize their skills audience and host academic courses live through cohorts. Then, launch your online school with the platform in as little as 60 seconds.
Currently, over 2,000 creators and businesses are using Spayee’s platform. Spayee will continue to operate independently following the acquisition.
By providing content creators with audio and video tutorials, PDF documents, quizzes, assignments, and live classrooms, Spayee was founded by Gourav Kakkar, Sandeep Singh, Aniruddha Singh, and Vijay Singh in 2014.
In July, Unacademy Group acquired the live game streaming platform Rheo TV. The company has been on an acquisition spree since January 2020. Series H funding closed in August at a valuation of $3.44 billion, with $440 million invested.
| Legal Name | Spayee |
| Industries | E-Learning |
| Founder(s) | Gourav Kakkar, Sandeep Singh, Aniruddha Singh, and Vijay Singh |
| Founded Date | 20 Feb 2014 |
| Total Funding Amount | $20KÂ |
| Investors | NA |
4) Loginworks
India’s analytics industry has exploded in recent years, and the market is no longer limited to multinational corporations, information technology firms, and the banking and finance industries. From FMCG companies to construction and transportation – they are increasingly embracing analytics. However, as technology advances, so do the inevitable IT-related issues and complications, which is why Loginworks Softwares was established.
Loginworks Softwares, located in Ghaziabad, Delhi, was founded in 2006 by Mr. Dheeraj Juneja and provided end-to-end IT solutions to its customers.
Data mining, product management, software development, and other services are among its services. After serving clients across India and worldwide, the business produced its formal entry into the market in 2010 with its flagship product TaskTrek.
Other IT competitors today provide comparable services; however, Loginworks Softwares hopes to differentiate itself through TaskTrek. The software aids in efficiently handling communications based on e-mails and documents. “With big data hounding us these days, we need to remove the clutter, and we believe that filtering e-mails into task-oriented folders for handling tasks are how TaskTrek will tackle such challenges,” said Dheeraj, who is also the company’s CEO.
The client base of Loginworks Softwares spans several industries, including e-commerce, real estate, transportation, automobile, and finance. The wide range of services it provides also helps them gain a competitive edge over their competitors, Enabling secure communication, generating leads, and growing their business.
It is crucial for customers before opting for any one of their services to check the company’s credibility so they do not get scammed. This means we believe that Loginworks Softwares is an organization you can rely on.
We researched this company and found out that its clients included the University of Georgia, Tutor League, Smartlytic Consultancy, etc., indicating its overall credibility. According to one of their happy customers, Loginworks was always on top of communication. We tried a communication method that didn’t work, but they quickly adapted. With an average rating of four, the company’s employee ratings are also quite impressive.
Despite employees who gave a rating of one, the majority won. As a result, neither the employees nor the company’s customers have been subjected to any serious misconduct.
| Legal Name | Loginworks |
| Industries | IT solutions |
| Founder(s) | Dheeraj Juneja |
| Founded Date | 2006 |
| Total Funding Amount | $12.6B Total Funding Amount |
| Investors | 2,703 Number of Investors |
5) Cleardekho
As part of its initial public offering, eyewear brand ClearDekho has raised $4 million (about Rs 30 crore). Ritesh Agarwal, the founder of OYO, raised funds through Aroa Ventures.
Investors such as CK Jaipuria Family Office, Kitty Agarwal of Infoedge, Anuj Sheth of AAJ Ventures, Venture Catalysts, Gemba Capital, SOSV MOX, and Kaaf Investments also contributed to the round. This will enable ClearDekho to systematically expand stores across geographies (40 percent) and engage in marketing and on-ground activities to acquire new customers (30 percent). In addition, a press release said the company would enhance its back-end operations infrastructure to digitize fittings and quality checks, enhance its hiring and training infrastructure, and expand private-label branding (20%).
The money would “strengthen the company’s back-end processes and enable it to open 200 outlets across India’s tier 2/3/4 towns,” according to the statement.
ClearDekho’s platform, established by Shivi Singh and Saurabh Dayal in 2017, combines online and offline eyewear purchasing experiences and provides clients with a wide choice of affordable eyewear options. Due to an enormous spike in demand for inexpensive eyeglasses, it claims it has expanded by 1,300% in three years.
“The unstructured optical market has a lot of potentials to become regulated and hassle-free for the general public.” ClearDekho is dedicated to regulating this complex and fragmented sector and consistently delivering high-quality, low-cost optical solutions. “We have a lot of faith in the team and their growth prospects,” stated Gaurav Gulati, Aroa Ventures’ Head & Chief Investment Officer.
ClearDekho will be available in over 100 cities in the next 12 months, according to him, and will proceed to enter India’s tier 2/3/4 cities.
“A spike in demand for affordable eyewear has resulted from the post-Covid-19 overall rise in screen usage across age groups, notably from new-age customers from smaller towns, who are driving the revolution.” “We passionately believe in providing value for our clients, and the coming decade, 2020 to 2030, will be defining for us as we set out to reform this enormous unorganized sector,” Singh added.
ClearDekho wants to establish 1,000 retail storefronts in the next three years by cooperating with current optical stores across India, in addition to opening new franchise outlets. Dayal remarked.
| Legal Name | ClearDekho |
| Industries | Internet |
| Founder(s) | Saurabh Dayal, Shiv Singh |
| Founded Date | 2016 |
| Total Funding Amount | $6.3M |
| Investors | NA |
6) Pixr8
Pixr8 Media LLP was formed on September 28, 2016, as a Private company. Accordingly, the KANPUR Register of Companies classifies the company as a Non-Government Company. PRACHI SINGH and NITISH KUMAR SINGH are the directors of PIXR8 MEDIA LLP, which is involved in Other Service activities. Its Corporate Identification Number is (CIN) AAH-4920, and it is incorporated under the laws of the Commonwealth of London. 224001 IN Durgapuri Colony Naka Faizabad Faizabad UP 224001 IN is the registered address of this firm. M/S PIXR8 MEDIA LLP is another name for PIXR8 MEDIA LLP. PIXR8 MEDIA LLP is active.
| Legal Name | Pixr8 |
| Industries | Promoting entrepreneurship work |
| Founder(s) | Nitish Singh |
| Founded Date | 28 Oct 2014 |
| Total Funding Amount | NA |
| Investors | NA |
7) Sindhuja Microcredit
A new generation of microfinance institutions (MFIs) focusing on rural areas and serving self-employed women entrepreneurs at the bottom of the pyramid, Sindhuja Microcredit offers financial services to self-employed women entrepreneurs. The company has raised $8.7 million for its Series B round from Norwegian microfinance firm Nordic Microfinance Initiative (NMI) and US venture capital firm Carpediem Capital.
In March 2019, Carpediem Capital invested $4 million in the Series A round.
Abhisheka Kumar and Malkit Didyala expressed their gratitude for the investment:
“This funding will allow us to provide much-needed financing to our customers who are self-employed rural women with lives under threat, and our customers are the most vulnerable in the COVID-19 world.”
In its two years of operation, Sindhuja has disbursed microcredit to over 84,600 micro-entrepreneurial women in five northern states of India. AUM (Assets under Management) is over Rs 1.7 billion. The company claims that its branches are located in rural or remote rural areas.
According to NMI President and CEO Arthur Sletteberg,
“As NMI, we are convinced that poor and rural households in India have the potential to take advantage of financial inclusion, and we support entrepreneurs who share this vision.”
Investments made by NMI in Microfinance Institutions across Asia and Africa are focused on creating both financial and social returns. NMI is an international impact investor, focusing specifically on double bottom line investments. Norwegian and Danish funds for developing countries own the Norwegian and Danish Mutual Investment institute and many large private sector institutions.Â
NMI manages over $250 million in assets during its 11 years. The transaction was handled exclusively by Vidura Capital. An announcement from the company said that Vectors Partners provided legal advice to Sindhuja Microcredit and Antares Legal provided advice to the investors.
| Legal Name | Sindhuja Microcredit |
| Industries | New generation and innovative Microfinance company |
| Founder(s) | Malkit Didyala, Abhisheka Kumar |
| Founded Date | 2018 |
| Total Funding Amount | $12.7 m |
| Investors | NA |
8) SIFIPAY.COM
Sifipay provides businesses with a very convenient interface to use. Our reports are easily accessible, and we have access to data about transactions and settlements very quickly. In this way, it is easy for customers to use, but it is also easy for companies new to the online market to use.
To assist online businesses with their payment gateway needs, Sifipay offers high-quality technological solutions. Based in Kolkata, Sifipay is dedicated to helping online companies manage money by providing clean, developer-friendly APIs, easy integration, and user-friendly services. As a result, getting and distributing payments online can be fast, secure, and convenient for businesses, e-commerce, and other companies.
| Legal Name | Sifipay |
| Industries | Payment gateway platform |
| Founder(s) | Navneet Makharia, Om Sharma |
| Founded Date | 25/12/2019 |
| Total Funding Amount | $91.1M Total Funding Amount |
| Investors | 478 Number of Investors |
9) GreenGST
Our GST compliance solution, GreenGST, is a one-stop-shop for all of your GST needs. To solve problems related to the digitization of supply chains and make them GST compliant, we leverage our commerce, manufacturing, and supply chain expertise. Whether you are the seller or the buyer, Green GST allows you to file GSTRs seamlessly; it helps you with GST reconciliation, GST filing, reporting, and invoice creation.
GST filing platform GreenGST allows businesses to file GST digitally. Multiuser support, automated invoice reconciliation, GSP integration, compliance monitoring, and analytical reporting capabilities are among the solution’s capabilities. In addition, the answer is available for three distinct price levels as of June 2017: INR 1,000 per month, INR 3,000 per month, and INR 5,000 per month.
| Legal Name | GreenGST |
| Industries | Cloud-based GST filing platform for businesses |
| Founder(s) | Rahul Garg |
| Founded Date | 2015 |
| Total Funding Amount | $153.8M |
| Investors | 32 Number of Investors |
10) aValuer
Using aValuer, you can manage your valuations in an easy-to-use web interface. Web-based interface and mobile interface are both available with the solution. As part of the solution, the admin has access to the admin dashboard, where details of the cases are updated. In contrast, the coordinator can access a dashboard where claims are initiated and assigned. These include a dashboard for the operator, a dashboard for quality control to verify reports, and a dashboard for field engineers to send information from the field. A monthly subscription is offered for the solution based on the selected features.
| Legal Name | aValuer |
| Industries | Web-based valuation management solution |
| Founder(s) | NA |
| Founded Date | 2012 |
| Total Funding Amount | $35,500,000 |
| Investors | 12,465 Number of Investors |
Where Do Startups Get Their Money?
Startup terminology includes terms such as venture capitalists, funding, bootstrapping, angel investors, and so forth. Startup financials consist of all of these.
Bootstrapping typically refers to the practice of founders financing their startups with savings, debt, and other means in the early stages. Bootstrapping is usually the preferred method for founders until they know their product-market fit, problem-solution fit, and different hypotheses they hope to validate before seeking external funding.
An incubator is a unique organization that supports startups at this stage. Entrepreneurs can get the initial help they need in an incubator to get their business off the ground.
Mentors, offices, and other resources, support, and guidance can all be provided. Seed rounds are used to fund the initial operations of a new business after it is converted into an enterprise. During the seed round, functions such as hiring employees, building the product, and acquiring users are handled.
Accelerators and angel investors usually fund a startup’s seed round. A startup accelerator is like an incubator, but it works for a shorter period and mentors the startup intensively. As well as providing seed funding for startups, they also provide marketing assistance.
Investors who invest in promising companies are known as angel investors. Upon proving their mettle and being ready to expand, startups should partner with more prominent companies. Then, in the next funding rounds known as Series A, A, B, C, and so forth, the company seeks out venture capitalists who help secure more funds and provide strategic advice.
Venture capital aims to find startups that can become big companies. VCs often invest their funds in multiple startups simultaneously to maximize their returns when they exit.
Startups often get acquired before reaching the growth stage, while others become large enough to go public. There are two ways to exit a company. The company opts for a public offering (when it is listed publicly on a stock exchange) while the other is to acquire it. The owners of the shares are the ones who profit since they own shares of the company.
