The Indian startup ecosystem has always been flourished with ideas, creativity, and execution. 2021 has been a roller-coaster of a ride for many businesses and companies. The pandemic has brought many challenges and hardships, as well as numerous opportunities for businesses to learn and adapt for the future. Startups are adapting, innovating, and moving forward even in this pandemic. This has encouraged many investors to provide startups and other entrepreneurial ventures with the funding to think big, grow rich, and leave a lasting impact. Here are some of the exciting startups to look forward to in 2022.
FamPay is a Bangalore-based startup that aims at letting children below the age of 18 experience financial freedom via an app designed specifically for them. The app enables children to carry out online transactions without depending upon their parents for banking details or OTPs. FamPay has so far raised $42.7 million in funding from investors, including Elevation Capital, Venture Highway, Sequoia, and Y Combinator. The app had about 1.35 million users at the end of Q1 2021. This fintech startup is one of the top startups to look forward to in 2022.
Founders: Sambhav Jain, Kush Taneja.
Investor: Elevation Capital, Venture Highway, Sequoia, and Y Combinator
Amount: Raised $42.7 Million
GoSats is a Bangalore-based startup that rewards consumers with fractions of bitcoins when they shop from online brands. The startup offers the simplest Bitcoin on-ramp in India and gives customers a low-friction way to accumulate fractions of bitcoins in the form of rewards. GoSats has a bitcoin rewards Google Chrome extension and bitcoin rewards card as part of its profile. The startup has raised $1.25 million from Fulgur Ventures, SBX Capital, Ajeet Khurana, Sathvik Vishwanath, STACKS, Alphabit Fund.
Founders: Mohammed Roshan, Roshni Aslam
Investor: Fulgur Ventures, SBX Capital, Ajeet Khurana, Sathvik Vishwanath, STACKS, Alphabit Fund
Amount: Raised $1.25 million
SmartClean Technologies Pvt Ltd is a Bangalore-based B2B startup that leverages IoT and AI to monitor the cleanliness of a particular area or building efficiently. The startup plans to effectively change how property managers monitor cleanliness in designated areas and standardize operations to improve healthcare and hygiene standards. The startup operates on a SAAS model. It has raised $4.7 million in funding so far and is valued at $8.4 million according to its founders. This prop-tech startup is one of the top startups to look forward to in 2022.
Founders: Lav Agarwal, Abhishek Mishra, Stella Aw-Agarwal
Based In: Bangalore
Investor: Undisclosed group of investors.
Amount: Raised $4.7 million
Neuphony is a Delhi-based startup that has developed a wearable neurofeedback device that aims to help people better understand how their brains work. The startup proclaims itself to be a smartwatch but for the brain. The startup aims to give its consumers the benefit of neurofeedback in the comfort of their homes with the help of EEG headbands and a dedicated mobile application. After raising Rs 50L pre-seed round in Nov 2020, the startup is now valued at $2.7 million.
Founders: Ria Rustagi and Bhavya Madan
Sector: Healthtech and Healthcare
Amount: Raised Rs 50 Lakh so far
Addverb technology is a Noida-based startup that is an intralogistics automation service provider that aims to convert traditional factories into smart factories in order to enhance productivity and efficiency. Addverb has a portfolio that includes complete automation of warehouses, factories, hospitals, and airports. Reliance Retail recently acquired a 54% stake in the startup for $132 million. According to the company, it has earned a revenue of around $27 million in FY 2020-21 and has raised $143 million in all to date.
Founders: Sangeet Kumar, Prateek Jain, Amit Kumar, Satish Shukla, Bir Singh
Investor: Reliance Retail
Amount: $143 million till date
It is clear that despite the pandemic, Indian startups continued to battle hard with resilience and empathy. The upswing in fintech for children, the crypto boom, the need for greater sanitary standards, a growing emphasis on mental health, and many more such trends brought by the pandemic and digital transformation have resulted in many entrepreneurs coming with bright and much-needed business ideas. Thus, these are some of the top startups to look forward to in 2022.