7 Indian start-ups showcase their mettle on demo day
What's the story
One of the most influential accelerators, Y Combinator hosts a demo day twice a year, where its latest batch of funded start-ups showcase themselves in front of Silicon Valley investors, founders and press. Y Combinator has backed AirBnB, Dropbox and Reddit and its ability to gauge a start-up is famously known as "nerve wrecking". These 7 Indian start-ups made it to the list.
Number one
ServX, app for on call auto repairing
Co-founded by Akash Sinha and Anubhav Deep ServX is an app which connects car owners to the authorized garages for repairing or servicing. Since its launch in 2016 the company has grown 52% month-over-month and just in the last week it has completed 6,000 repairs, outing ServX at a $3.3 million revenue run rate according to Sinha.
Number two
Playment, giving Accenture a run for their money
Three ex-Flipkart employees- Siddharth Mall, Ajinkya Malasane and Akshay Kumar Lal founded this start-up, which now possesses clients like Flipkart itself along with Ola, Myntra, Paytm and Limeroad. Playment is a crowd-sourcing platform that these companies use for jobs like product cataloguing and moderating reviews. Flipkart has reportedly fired Accenture and gave contract to Playment.
Number three
Cr.edy for "credit hungry" India
Cr.edy is a peer-to-peer lending platform that connects borrowers seeking for personal loan to high-net worth lenders. Founded by two former Goldman Sachs employees, Pratish Gandhi and Harshit Vaishnav, this service provides paperless, zero fraud protection lending using biometric identification. Starting from 2016 Cr.edy has managed to have 1,173 borrowers and it approves seven loans a day on an average, says its website.
Number four
Wifi Dabba, super cheap Wi-Fi at the chaiwala's
The aim of founders Karam Lakshman and Shubhendu Sharma is to build a network of Wi-Fi hotspots in tea stores. WiFi Dabba facilitates hard-wired lines to tea shops and bakeries, enabling them to sell Wi-Fi access. It makes 30% of all Wi-Fi sales. It currently offers Rs. 2 token for 100 MB internet, Rs. 10 and 20 for 500 MB and 1 GB respectively.
Number five
Supr Daily, fresh milk delivery in India
Supr Daily is an app that allows Indians to buy fresh daily groceries on a subscription basis. Founded by IIT Bombay alumni Puneet Kumar and Shreyas Nagdawane in 2015, this service claims to be the first farm to home service. The company is growing at a 40% month-over-month rate and has 98% retention for its subscription service, say the founders.
Number six
DocTalk, doctors making money just for answering queries
DocTalk, launched in 2016, is an app that lets users connect to doctors and get answers for all their queries. The patient uploads his reports to the app and the doctors get paid for answering the queries. According to creators, Krishna Chaitanya Aluru, Akshat Goenka, and Vamsee Chamakura, the app is now making $720 per doctor per month.
Number seven
BulkMRO, aims to be Indian Alibaba
BulkMRO is a Mumbai based start-up firm that primarily acts as the one-stop shop for all industrial tools. Founded by brothers Devang Shah and Gaurang Shah the company has bagged clients like Tata Group, Reliance Industries, Unilever, and Exxon. The company is reportedly already profitable and currently has $1.1 million worth of orders lined up for the next three months.
Do you know?
If you are looking for funding, try Y Combinator
Y Combinator typically invests $120,000 in a potential start-up for 7% equity in that company and helps the company to prepare for the demo day for three months. Previously Y Combinator has backed Indian start-ups such as, JustDrive, Razorpay, Cleartax, Innov8 and Meesho.