6 rising startups in India – Mar 30, 2017

Photo credit: Pixabay.

India’s highest funded edtech startup, a self-checkout app for retail stores, and an Indian mobile operating system are the stars in today’s roundup of rising startups in India.

Byju’s

Photo credit: Byju’s.

India’s highest funded edtech startup Byju’s has taken another step towards taking its learning app into global markets. It announced an undisclosed amount of investment from Verlinvest of Belgium, whose Asian investments include Lazada, Sula Wines, and the Future Group.

“A 1:1 learning experience is a dream ratio … We have seen a lot of edtech companies, but Byju’s offers personalized learning to an extent which we haven’t seen in any product across the globe,” says Verlinvest executive director Nicholas Cator. Byju’s raised US$125 million in two funding rounds last year, and claims 8 million students are using its learning app which has 400,000 paid annual subscriptions.

See: India’s most funded edtech startup gets money from Zuckerberg’s personal fund

Perpule

Photo credit: Perpule.

Bangalore-based Perpule has a GPS-enabled app to help users find retail stores and do self-checkouts to avoid standing in queues. This solves a key pain point of retail stores, especially during weekend rush time when abandoned carts pile up. Plus, the user data captured on the app can help offline stores with the kind of personalization and marketing that has become the norm in online retail.

Perpule has announced seed funding of US$650,000 from Kstart Capital, which is an early stage investment and acceleration arm of Kalaaari Capital. The funding will help Perpule in expansion. It is already live in leading retail chain HyperCity and running pilot programs in other stores.

See: 10 young fintech startups playing with disruptive tech in India

Medinfi

Photo credit: Pixabay.

Ithaka

Fynd

Indus OS