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Very few startups have the potential to become big businesses. There are also very few with innovative ideas. While we are seeing a multitude of startups springing up here and there, some of them are extremely kickass and have some cool and innovative ideas! With the passion to offer something innovative, young entrepreneurs are coming up with superb out-of-the-box ideas.
We compiled a list of promising and innovative startups in India that will rule in 2018 and beyond. We sided with younger, more obscure startups with big-time potential. All of them have fresh concepts with the potential to become industry leaders.
Tonbo is a supplier of advanced night-vision imaging systems to global military forces and defence agencies. Tonbo offers a suite of solutions for military surveillance, infrastructure security and transportation safety. Its imaging products and intellectual property cores are licensed to original equipment manufacturers and systems integrators to create finished equipment.
Tonbo was founded by Arvind Lakshmikumar in 2012. Its growth is driven by increased demand from emerging markets that are looking to modernize their aging military equipment.
Uniphore, a 2012 MobiSparks company, was co-founded by Umesh Yadav and Ravi Saraogi and is head-quartered in IIT Madras Research Park, Chennai.
Uniphore's solutions extend the power of speech to revolutionize human-machine interaction allowing any software application to understand and respond to natural human speech. Their solutions for voice biometrics, virtual speech assistant and speech analytics aim to change the way enterprises engage their consumers, build loyalty and maintain a healthy bottom-line.
Uniphore has pioneered the development of integrated and smart speech-recognition applications and boasts a roster of high profile customers across many industries, including banking, insurance, BPOs, agriculture, lending/MFI, healthcare and government.
Founded by Angam Parashar, Ankit Singh and Muktabh Mayank, Parallel Dots has a team of techies who are passionate about making life simpler for internet users.
Their algorithm automatically searches for the important events on themes matching the users' interest in the publishers archive and subsquently generates an interactive timeline of those themes on the publisher's webpage itself for the end-users.
Parallel Dots also recommends content to end-users and hence is bound to have strong competition.
Founded in 2008 by Jaspreet Singh, Milind Borate and Ramani Kothandaraman, Druva's solutions intelligently collect data and unify backup, disaster recovery, archival and governance capabilities onto a single, optimised data set.
Druva claims that its success is fueled partially by the rapid expansion of the data protection market, with market size expected to be $28 billion in 2022 for both cloud-based and on-premises servers, in addition to the rapid cloud data protection and management adoption by Global 5000 organisations.
Founded by Sondur and Prashant Kumar, Unbxd's artificial intelligence (AI) powered plug-and-play solution enables online retailers to capture the 15-40% in revenue that is lost due to a poor product discovery experience. The platform delivers a customized experience to consumers resulting in better conversions. The company claims to power over 1.5 billion shopper interactions a month.
Unbxd revenue grew 400% in the past year, according to a statement by the company. It has also strengthened its customer portfolio by adding leading retailers, including Ashley HomeStore, Express and FreshDirect to its list of clients.
Julia Computing was founded in May 2015 by former UIDAI executive Viral Shah, Jeff Bezanson, Stefan Karpinski, and MIT applied mathematics professor, Alan Edelman.
Julia provides the productivity and performance equivalent to five major programming languages including R, Python, MATLAB, C, and FORTRAN. It further provides a sophisticated compiler, distributed parallel execution, numerical accuracy, and an extensive library of fast mathematical functions.
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