Indian Start-Ups To Watch Out For In 2021
India is a country filled with start-ups. The ratio of start-ups has only increased over the years. Statistics show that in 2018, India had around 50,000 start-ups. Now, however, that number has become bigger. With the start-up market increasing in India, a larger group of people are also looking to invest or become angel investors. Being a start-up advisor in Mumbai I feel it’s imperative to know which start-ups will take off in the current year. This will help investors and people looking to start their businesses what to invest in as well as what sectors will show increasing projections.
4 Indian Start-ups that are set to blow up in 2021
This is a financial tech start-up that caters to an online mode of payment for businesses. The company’s main aim is to help the online payment collections and mass real-time disbursals come together to make it more efficient. This Bengaluru based company has helped more than 50,000 businesses in India go cashless and help with various services including payment collections, instant loan disbursements, vendor pay-outs etc.
The way the company works is that they charge a fee for each transaction that a company performs. The company flourished during the lockdown period as most businesses we forced to go cashless and operate remotely. Cashfree caters too many of the top leading internet companies in India such as BigBasket, Zomato, Zoomcar, and Delhivery among others.
Tuitions is a very important aspect of a student’s life, especially in India. Lakhs of students take tuitions every year and in itself, the tuition industry is vast and has great potential. Where regular tuition teachers lack is on the digital front. The online Edu-tech companies have the on up because they use digital means to the fullest and in the process, help maximise the output of the students.
Classplus aims to help teachers reach their students through a digital mean where they can share and assign homework, videos and other class material to students around the country. Through this app, teachers can easily coordinate their classes as well as take payments through an online method. Classplus works in the way that it charges a small subscription fee to its users.
This Agri-tech start-ups based in Delhi-NCR helps the smaller farmers in the interior regions of the country by buying their produce. This freshly bought produce is then sold to hotels, restaurants, cafes, retailers etc. The company aims to build a farm-to-table supply chain. They do this through a detailed and integrated network of smart routes. These smart routes are mapped to pick up stations that are portable and can pick up the fresh produce.
- Prystin Care
This health-tech start-up functions through a network of over 90 clinics with a panel of 100+ full-time surgeons. In Prystin Care clinics, different forms of surgery are offered including general surgery, urology, gynaecology, ENT, etc. With the lockdown situation and the onset of the pandemic, Prystin Care aims to minimise the frequency by which patients have to visit the hospital physically. The company has introduced consultation virtually through calls and video calls. It also helps with the scheduling of surgeries, the admission process in the hospital etc. The company is also helping with COVID testing in collaboration with diagnostic labs across the country.
To Sum Up
So these are my top 4 Indian start-ups to look out for in 2021. I’m not denying the genius of many other start-ups that are making their way into the business scene. The truth is that there are many companies that are a must-watch for the coming year. As such I have also made a YouTube video highlighting some other start-ups as well. Be sure to take a look at it and don’t forget to like and subscribe!
Further for any newly formed start-up, the best way to decide if it requires an angel investor or start-up funding is by having a complete business plan. Your business plan should also include a One-Page Business Plan. I have developed a one-page business plan for all start-up founders and entrepreneurs. This business plan helps you ideate what you would like to achieve the following year as well as the activities you are willing to give up. It helps you to understand the shortcomings of the previous year as well.
About Devansh Lakhani
Director of Lakhani Financial Services, and a Chartered Accountant, he helps start-ups raise funds from his network of investors. He guides and advises start-ups to scale up by providing efficient sales, marketing, team building, and business management strategies. He has executed fundraising by block deals on the stock exchange and conducted IPOs and right issues on the SME platform to the tune of over Rs. 50 Crore. He is currently working with start-ups from various sectors to help them channelize their business models and investments.