4 rising startups in India – Jan 11, 2017

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Startup funding is gaining steam, and the beneficiary sectors are as diverse as a rainbow. From a co-working space to healthtech to a driving school aggregator, today’s list is all about creating unique value in a crowded market.

Medinfi Healthcare

This Bangalore-based healthtech startup helps users discover doctors and hospitals, and has raised its sixth round of angel investment – US$100,000 – from investors based in Singapore and Qatar.

Medinfi Healthcare will use the proceeds to explore at least 25 new cities in India in the next nine months. It is currently present in 25 Indian cities, including Bangalore, Delhi, Mumbai, and Pune.

Launched in 2014, Medinfi detects a user’s location and suggests relevant doctors and hospitals from 12,000 listings. Unlike Practo, Medinfi doesn’t facilitate appointment booking. That hasn’t stopped the company’s progress. The startup has already crossed 500,000 users, a target it had set to achieve by March 2017.

Medinfi is currently available only on Android. It plans to launch an iOS app by June.

See: This Yelp-like app in India can make sure your mom’s health is in good hands

InstaOffice

A chain of business centers and co-working spaces – InstaOffice – has raised an undisclosed amount in a pre-series A round from Globevestor. The investor had earlier bet its investment on well-known startup names such as Zoomcar, OnlineTyari, and Rubique.

Other angel investors including Toppr co-founder Zishaan Hayath, Karan Chellani, managing partner at SQUE Capital, and Mohit Satyan, director at DFM Foods also participated.

InstaOffice has probably caught investors’ attention because the startup follows a lean business model. Instead of buying or leasing, InstaOffice partners with property owners, which keeps capital requirement and operational costs to the minimum.

“We structure partnerships with landlords where they can earn higher rental yields from their spaces and customers can get high degree of flexibility,” InstaOffice founder Devendra Agarwal says.

That’s why InstaOffice has been able to grow its network from a single business center in Gurgaon in Feb 2016, to 10 centers across Gurgaon, Delhi, and Bangalore. The startup will add four more centers in Gurgaon, two in Bangalore and four more in Delhi-NCR by March 2017.

Photo credit: Haldane Martin

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