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campuses, but not everyone's biting. Mechanical engineering student Vaibhav Antil, for
instance, has caught the start-up bug and is keener to develop his mobile app-based idea
around music than work for someone else.
A number of IITs now have a fallback option for graduating students like him. To encourage
them to do their own thing, IIT-Bombay has allowed Antil to be part of a deferred
placement programme (DPP), which will allow him to return to campus for interviews in the
next two years if his business idea doesn't work out.
Engineering physics student Anurag Meena, who's trying to develop a non-invasive drug
delivery and diagnosis product with his professor, is also taking the DPP. Last year, only one
student at IIT-B opted for deferred placements; this year, this year, 12 have, said placement
manager Mohak Mehta.
READ ALSO: IIT graduates prefer new-age jobs to core engineering ones
4 IIT-Kanpur students turn down Rs 1 crore per annum offers
IIT-Kanpur is offering the opportunity for the first time and six students have already opted
for it. IIT-Madras is extending it to even students who wish to do a PhD, said officials.
The prototype of Meena's project with Professor Rohit Srivastava is being funded by the
Tata Centre for Design at IIT-B. Of the 12 students, five are working on various projects for
the Centre for Technology for Alternatives for Rural Areas (C-TARA) at IIT-B. Sandhya
Seetharaman is working with C-TARA on a project that would require her to evaluate
environmental safeguards in district rural roads plans under the Pradhan Mantri Gram
Sadak Yojna.
"We tried spreading awareness on campus and sent regular mails to students. We wanted to
brand it as a positive 'benefit' being 'awarded' to credible students. Once applications came
in, we interviewed the students. Not everyone who applies gets an opportunity," said Mehta
of IIT-B.
Amruthkumar Hegde, a mechanical engineering student from IIT-Madras, and his friend
Krishna Chaitanya, wanted to try their luck once with the civil services exam before
appearing for their placement interviews. "I would like to see if I stand a chance in the allIndia test. After a year, the institute will take a call on extension," he said.
According to Angellist, Mumbai is the heart of more than 500 startups and
numerous accelerators, incubators and investors. The city of Mumbai is
known for some amazing startups that have grown enormously including
Housing.com, Cleartrip, Ola and Quikr among others.
Crowdfire
Founder(s): Nischal Shetty,Siddharth Menon, Anirudh
Khusape, Sameer Mhatre
Founded in: Feb 2010
Funding: $2.5 Mn from Kalaari Capital in its Series A funding round.
It is not only about how many friends you make in the social world, it is
about how you manage them. People who unfollow matter just the same, at
least for companies desiring repeat customers. Crowdfire, a Twitter and
Instagram friend mangement app helps in doing exactly that. Through
Crowdfire, enterprises (and others) can find out their inactive followers on
Twitter and also how many have unfollowed them which allows companies
to give undivided attention to potential customers. The mobile app offers a
variety of tools for managing followers, of which some are free while
others require subscription. The company has already crossed INR 6 Cr. in
revenue by providing this technology to 8 Mn users worldwide.
Pricebaba
Founder(s):Tirthesh Ganatra, Annkur P Agarwal
Super
Founders: Faisal Memon
Founded In: September 2013
Funded: N/A
Mumbai-based recruitment app, Super recently acquired Viraltrics, a
mobile SaaS startup for deep linked referrals. The aim is to help companies
connect with the right candidates via an algorithm that looks at the resumes
and the keywords in an employers description to make a match. It has
already received half a million registrations from job seekers and has been
rated over 8500 times with 100K screen views everyday. Super is used by
over 100+ Startups including HelpShift, Haptik, Flatchat, Crowdfire,
Grabhouse, WebEngage, to hook up with hot talent.
Wizrocket
Founder(s): Anand Jain, Sunil Thomasand Suresh Kondamudi
Founded in: May 2013
Funding: $1.6 Mn from Accel Partners
Mumbai based WizRocket is a user behavior analysis & targeting tool
startup, it can be used to engage with the loyal users on the site via web
messages, or to reach out to lost users via email campaigns. It sends a push
notification to people whove abandoned shopping cart on the mobile app,
or even to thank users whove made a purchase on that day via in-app
notifications.
Tushky
Founder(s): Kranti Agarwal and Talvinder Singh
Founded in: September 2011
Funding: June 2011 $65k/Seed, September 2012 $25k/Angel, January
2013 Undisclosed, April 2013 $250k/Angel and latest September-2013
Undisclosed amount/Seed.
Purple Squirrel
Founder(s): Aditya Gandhi and Sahiba Dhandhania
Founded in: 2013
Funding: 2 Undisclosed fundings
Purple Squirrel Eduventures, an IIT Bombay incubated startup, connects
students with industry partners for field visits, workshops and hands on
practical experiences. The company bulids programs for colleges, wherein
students visit and interact with both entrepreneurial and big player
companies for their spread of career diversity. Purple Squirrel has already
delivered 5000+ unique experiences in experiential learning, associating
with 350+ campuses and corporates across 12+ destinations within 1 year
Niffler
Founder(s): Edul Patel, Prince Arora andViraj Shah
Founded in: 2014
Funding: $ 1 Mn from Saif Partners
Mumbai-based startup, Niffler is a mobile application that helps users
discover deals and discounts from their favourite brands as soon as they go
live. The firm helps find deals from offline merchants across categories
including food and drinks, spas and salons, apparel and home dcor.
Brands like Zara, Forever 21, and Shoppers Stop have had their End of
Season Sales featured on Niffler. Since 2014, there has been 30,000+
traction which has increased the apps presence in top 5 cities of the
country i.e. Mumbai, Pune, NCR, Bangalore and Hyderabad.
RoomNHouse
Simpel
Founders: Subhradeep Bhattarcharya
Founded In: 2013
Funding: N/A
Mumbai-based Simpel is a mobile payment app that allows customers to
pay through credit/debit cards instead of cash for Cash on Delivery
(COD) and Home deliveries without the need for any additional device on
the side of the merchants. Simpel charges a small transaction fee from the
Ketto
Founder(s): Kunal Kapoor, Varun Sheth and Zaheer Adenwala
Founded in: 2012
Funding: $150K angel investors, November 2013
Ketto is an online crowdfunding platform that allows individuals,
corporates and NGOs to raise funds for their favourite social causes and
ideas using social media and ecommerce in fun and engaging ways. With
celebrity support (Kunal Kapoor), the platform wants to connect
individuals and brands with fundraisers. The company aims to increase
engagement and participation among NGOs, its supporters and corporates
to raise funds while bringing down the cost of doing the same. It claims to
be getting over 15,000 unique investors on its platform per month.
Catapooolt
Founder(s): Satish Kataria
Founded in: 2012
Fab Bag
Founder(s): Kaushik Mukherjee andVineeta Singh
Founded in: July 2012
Funding: $500K seed funding in February 2013
Mumbai based FAB BAG (earlier known as Vellvette) is a
beauty/grooming discovery and subscription platform. Each month,
thousands of members sign up to receive expert-recommended full and
travel-sized products from top global brands that they can sample at home.
The member benefits also include discounts on sampled products and
detailed information on how to use these products. FAB BAG also has an
extensive range of premium & prestige products for sale online and
frequently hosts offline workshops and product launches in collaboration
with beauty brands. The company, with a team of 22 members evenly split
between sourcing, tech, support & operations, has shipped beauty bags to
40,000+ subscribers and has 100,000+ registered members online.
Wegilant
Founder(s): Toshendra Sharma
Founded in: 2011
Funding: INR 1 Cr. angel funding in 2014 from Ravi Gururaj of HBS
Alumni Angels, Gaurav Sharma of Yahoo India, and Vishwanathan
Ramachandran and IIT-Bombays startup incubator SINE.
Mumbai based Wegilant delivers Android App security products on Cloud,
consulting and research. It basically offers strategies, capabilities and
technologies necessary to help businesses preemptively protect Android
applications & IT infrastructure from threats. It offers Appvigil, a cloudbased Android app security scanner that scans security loopholes in
Android applications. As per the company, the funds will be used to add
new features to the product and increase more clients, besides expanding
the team. The Company won NASSCOM Emerge 50 Award 2014 and
Wegilant was among Top 10 Emerging Software Product Companies in
India for 2014.
Pokkt
Founder(s): Sharad Ingule, Vaibhav Odekar and Rohit Sharma
Haptik
Founder(s): Aakrit Vaish and Swapan Rajdev
Timesaverz
Founder(s): Lovnish Bhatia andDebadutta Upadhyaya
Founded in: 2012
Funding: Undisclosed amount in seed funding from Neville
Taraporewalla, Rajesh Sawhney of GSF, Ashish Jalani, founder at eTailing
India, Dinesh Agarwal, founder of Indiamart, and Nish Bhutani, COO of
Saffronart also participated in this round.
Mumbai-based Timesaverz offers a platform to obtain people for home
services. In simple words, a mobile application (installed 1000+ times) that
combines uberification of services with an understanding of the needs
and dynamics of Indian households. The raised funds are said to be used
for scaling up and expanding services across multiple cities in India;
currently it has services available only in Mumbai. It has a network of over
500 service providers on its platform. Each service partner goes through a
process before enlisting with the platform that includes background check,
verification of skill-sets and polishing of soft-skills.
Aasaanjobs
Founder(s): Dinesh Goel
Founded in: 2013
Funding: $1.5 Mn from IDG Ventures India and Inventus Capital Partners
Mumbai-based Aasaanjobs.com is a recruitment portal for blue collared
and entry level white collared workers in India. The firm, which went live
in 2014, addresses what is known as the grey area segment in job
market, covering entry level jobs such as data-entry operators and
telemarketers. In their last funding of $1.5 Mn in January this year from
investors IDG Ventures India and Inventus Capital Partners, the company
claimed to use the funds to expand their existing offerings, hire
management and tech professionals and to ramp up technology and
product development. Aasanjobs features over 5000 verified candidates
with close to 1000 job openings.
Voxpopclothing
Founder(s): Siddharth Taparia
Obino
Founder(s): Ritu Soni Srivastava and Yogesh Sachdeva
Founded in: August 2014
Funding: Undisclosed amount in pre-seed round in January 2015 from
Healthstart
Unlike traditional weight-loss mobile apps which focus on counting
calories, Obino is an application which helps users get in
shape by providing nutrition information and other lifestyle
modifications on the Recommend-Remind-Reward model. Launched in
August 2014 as a free and premium mobile-application for Android
handsets, Obino has around 16,000 downloads, over 2000 active users &
150+ paying customers at a ticket size of INR 1500 per month.
Boxmyspace
Founder(s): Pratyush Jalan
Founded in: January 2015
Funding: N/A
Mumbai-based venture BoxMySpace helps provide physical storage. Be it
diwali decoration material, winter clothes or any other collectibles, the
startup helps clear all the clutter which keeps accumulating and provides
you the luxury of space. You can box the stuff up and they will store it for
you. All that the user needs to do is order online and he/she can get the
home decluttered in a jiffy. The whole process of ordering boxes,
scheduling a pickup, tracking and indexing the boxes is done online
through Boxmyspaces web portal and mobile application, and in terms of
pricing, they charge INR 250 per box for a minimum storage period of
three months. The company has one hub setup in Mumbai for the logistics,
and plans to setup another to cover the other parts of Mumbai.
Localbanya
Founder(s): Karan Mehrotra, Rashi Choudhary and Amit Naik
Founded in: 2012
Toppr
Founder(s):Hemanth Goteti, Zishaan Hayath
Founded in:2013
Funding: Undisclosed Angel funding from Kashyap Deorah and Abhishek
Jain, $2 Million in Seed Funding from SAIF Partners, Helion Venture
Partners
Preparing for competitive exams has always been a hard task for the
students. With innumerable books to study and a wide variety of study
material available, students often find themselves confused with regard to
the topics needed to cover and whether their preparation is in line with the
exam pattern.
Toppr provides an adaptive platform built over a strong question bank that
makes the experience of each student unique and tailored for their needs.
Every student solves different questions and different number of questions
based on his previous attempts, but, clears the same set of goals. This goaldriven pedagogy gives a structure to the study and instant feedback reports
and strength/weakness analysis measure the progress of the student while
also eliminating a lot of non-value adding steps from exam prep like
searching for more questions, matching answers to calculate scores etc.
Instamojo
Holachef
Founder(s): Saurabh Saxena, Anil Gelra and Ritu Rana
Founded in: September 2014
Funding: INR 2 Cr.
Mumbai-based startup Holachef is a fine-dine restaurant in the cloud! The
menu changes every-day and provides an unmatched variety in terms of
meals that are made from the finest of ingredients. Currently, Holachef is
operational in Mumbai areas like Powai, Chandivali, Vikhroli (West),
Bhandup (W), Andheri (E), Sakinaka, Marol and JVLR. The company is
now seeking to raise INR 25 30 Cr. funding in order to expand across
Mumbai as well as in six to seven other cities across India.
NoBroker
Embibe
Founder(s): Aditi Avasthi
Founded in: 2012
Funding: $4 Mn Venture capital from Kalaari Capital and Lightbox
Ventures
Klip.in
Founder(s): Harsh Gadia and Maneesh Madambath
Founded in: 2011
Funding: INR 3 Cr. from VentureNursery, members of Calcutta Angels,
Mumbai Angels in February 2015, undisclosed amount of funding from
VentureNursery and Mumbai Angels in 2013.
Mumbai-based Klip is a social shopping website tool that helps people in
arriving at a better buying decision by connecting a community of
shoppers based on their wishlists (klips) and taste. There are thousands of
interesting lifestyle products online and hardly a good way to find them,
but Klip thought it should be easier than browsing through ten blue links at
a time and then going through 5 different tabs to find something that
matches the unique taste. The company with less than 10 employees is
planning to come up with mobile app in few months. Klips few of the
biggest ecommerce stores include Flipkart, Myntra, Postergully,
Yellowtrunk, Jabong, Amazon and many others.
Zepo
Founder(s): Nitin Purswani
Founded in: 2011
Funding: Undisclosed amount from Anupam Mittal, CEO of People
Group, One97 Mobility Fund and few others
Mumbai-based Zepo is a do-it-yourself (DIY) ecommerce platform for
SMBs. Zepo helps people take their businesses online in a very short
period of time by providing an entire framework required to sustain an
ecommerce business. The company provides a great ecommerce website
with 100+ themes to choose from, a free payment gateway to accept online
payments, logistics support to ship your orders and marketing help to
promote your website.
Grabhouse
Wishberry
Founder(s): Priyanka Agarwal andAnshulika Dubey
Founded in: 2012
Purplle
Founder(s): Manish Taneja and Rahul Dash.
Founded in: 2011
Funding: Undisclosed amount in Series A funding from Ivy Cap in
2015, undisclosed amount in funding in 2013 led by Blume Ventures,
Mumbai Angels and Chennai Angels in Pre-Series A.
Mumbai-based website Purplle.com is an online personal care and beauty
products platform which serves both men and women across different
categories like skin care, makeup, body care, beauty appliances etc. The
company has tie ups with more than 7,000 salons, spas, skin care and hair
care chains across Mumbai and are targeting $40-50 Mn GMV run rate and
25000 products, 50000 salons and spas by end of this year. Currently they
are doing about a 1000 transactions on the platform with a ticket size of
INR 1100-1200.
Testbook.com
Founder(s):Manoj Munna, Ashutosh Kumar, Narendra Agrawal
Founded in:April 1, 2013
Funding: $200k in 1 Round from LetsVenture, Utsav Somani
An Education Tech company, Testbook provides online learning
experience. Testbook is an online test preparation platform for competitive
exams like GATE, CAT, SBI PO, SBI Clerk, IBPS PO, etc covering
practice, testing and learning needs of the students. All the tests have been
designed by toppers. Practice tests with different time lengths are provided
to ensure systematic preparation. Also, detailed solutions are provided to
strengthen the concepts. Many students have registered on its platform,
which is currently free.
Mydentist
Founder: Vikram Vora
Founded in:2009
Funding:$10 Mn in 1 Round from SeedFund, Asian Healthcare Fund
With 100-plus clinics, Mydentist is currently the largest organized player
in the fragmented dental care market. Their services encompass all aspects
of cosmetic and restorative dentistry including all forms of general
dentistry, oral surgery, fixed and removable prosthetics, implants,
orthodontic care, cosmetic procedures and emergency care with the
utilization of the latest in dental technology and expertise. Its operations
are concentrated in Mumbai, including Thane and Navi Mumbai, Pune,
Surat and Ahmedabad.
Updated:
TaskBob
Founders: Aseem Khare
Founded In: 2014
Funding: Raised funding of $1.2 Mn from Orios, Mayfield.
The Mumbai-based mobile-only home services startup, TaskBob offers
instant home services by sending pre-screened, verified, skilled
professional serviceman at the customer doorstep to fix household
appliances such as AC, washing machine, computer and refrigerator.
LocalOye
Founders: Aditya Rao
Founded In: 2013
Funding: $5 Mn Series A funding from Tiger Global Management and
Lightspeed Venture Partners; undisclosed amount in seed funding from
Sidharth Rao (Co-founder Webchutney), Haresh Chawla (ex-Group CEO
Network 18 and India Value Fund partner), and Sachin Bhatia (co-founder,
MakeMyTrip).
Mobile marketplace for hiring local service professionals, LocalOye team
does screening and personal verification of each service professional to
ensure quality, assurance and fair pricing. A merchant can look at details of
the customer like budget, location, timings, preferences etc. and choose to
accept the connection. This ensures very high reliability and trust for both
the customers and merchants.
Doormint
Founders: Three IITians, Naman Lahoty (IITB), Abhinav Agarwal (IITB)
and Piyush Ranjan (IITK)
Inloyal
Founder(s): Kunal Mehta and Urvi Mehta
Founded in: 2014
Funding: N/A
Mumbai-based Inloyal, is the digital loyalty pocket for retail customers
and plug-and-play loyalty rewards management platform for retailers. This
Android/iOS app stores all the loyalty programs in the phone itself, and
helps in reaping benefit from all the deals, discounts, and other rewards
that brands offer their loyal customers. One does not have to submit his/her
mobile number at the counter everytime. The retailers gain from this too,
as the app moonlights as a customer relationship management (CRM)
platform so that one can virtually check-in to the store via Facebook,
interact with brands on Twitter, and get queries answered in-app. Loyalty
programs are relatively new in India, stores like Shoppers Stop, LifeStyle,
and Westside introduced them a few years ago. But now, most major
brands are running such programs.
PickMe E-Services
Founder(s): Joseph Sudhakar, Raj Wilbret,Praful Chatrapati
Founded in: 2011
Funding: N/A
Mumbai-based startup provides doorstep pick-up, technical assistance and
drop of gadgets from authorized service channel for repair and also ensures
their safe return to customers after repair. In other words users of Pickme
service do not have go through the pain of finding the closest service
centre, driving there, parking in congested areas and waiting endlessly just
to get their gadgets repaired. With just a click online, SMS or phone call
they can get doorstep pick up of gadgets for repair. However the time taken
for their repair and service continues to be a drain on time and money for
customers. The startup currently has about 162 employees and 21 connect
points in 4 branches across India. Their service network link covers all
metros and is in the process of adding Tier I & II towns in the near future.
Stitchwood
Founder(s): Ajit Shegaonkar and Vikash Nair
Founded in: 2014
Funding: Seed funding of $100k
This Mumbai-based startup offers online customised furniture service to its
customers. One can also upload pictures or designs as per their wishes. The
business follows a vendor outsourcing model, post which the companys
quality team monitors the products manufacturing, at the vendors factory.
The seven-member startup, started offering services only last month and
has so far delivered 10 orders. The company is also set to launch a new
feature which will range from a home visit by a furniture expert to a
customers place.
Dont worry if we missed out on your startup, we will keep
on updating the list.
[Editors Note: Thanks to Ajeet Khurana for helping us put
together this list.]