Bitonic, Aayuv in Nasscom’s list of top innovative startups
THE STARTUPS WERE CHOSEN FROM THE MORE THAN 420 APPLICATIONS THAT NASSCOM RECEIVED THIS YEAR
NEW DELHI/BENGALURU: Software lobby Nasscom on Wednesday named the top 10 startups that use innovative technology across sectors like healthcare, architecture, human resources and real estate in India, as part of its Emerge 50 2018 Awards.
The 10 startups are chatbot platform Bitonic Technology Labs Pvt Ltd, healthcare startup Aayuv Technologies Pvt. Ltd, GIEOM, a banking software provider, people analytics startup Infeedo, pharma supply chain platform Medicea Technology Solutions Pvt. Ltd, virtual reality product company SmartVizX, homeland security application Staqu Technologies, SaaS platform Synup, supply chain management firm Tagbox Solutions Pvt. Ltd, and mixed reality hardware startup Tesseract.
These were chosen from the more than 420 applications, including startups working in the field of robotics, mixed reality, natural language processing and software solutions, which were received this year by Nasscom.
“What differentiated these 10 start-ups were their business aspects, which were strong in terms of customers and revenues. They were focused on their capabilities, use cases, go-tomarket, approach to acquiring customers and marketing them- selves as compared to start-ups last year,” Atul Batra, chairman of the product council at Nasscom, said over phone.
The startups were evaluated by a pool of industry veterans, including Aakanksha Sharma, vice-president at IvyCap Ventures, Alok Mittal, co-founder and chief executive officer at Indifi Technologies, Bala Girisaballa, president at startup accelerator Techstars, and Anil Joshi, managing partner at Unicorn India Ventures.
The jury assessed the startup applications on the basis of factors such as innovation impact, product offering, business excellence and addressable market among others, said Batra.
“More and more companies are going vertical in terms of health-tech, fin-tech and agritech. As opposed to trying to claim too much, they are focused on very specific use cases,” he said.
More than 70% of startups applications belonged to the B2B segment. There is a gradual and expected rise in B2B startups as compared to consumer internet or B2C every year, said Batra.