A mere 1, new startups registered across the country in , according to Tracxn Technologies Pvt Ltd, a data analyst firm that tracks startups. In comparison, at least six times as many startups had come up in Bengaluru, which is dubbed the Silicon Valley of India with startups mushrooming across the city, also saw a considerable dip in the number of new startups. While Bengaluru saw the birth of 1, startups in , only new startups registered in the city in The same phenomenon was observed in Delhi, Mumbai, Hyderabad and Gurgaon.
This was the peak of euphoria when a host investors and entrepreneurs dived in. The bust came in mid It is a natural progression. Another Mumbai-based angel investor Sanjay Mehta said when the startup sector was thriving in , many first-time investors decided to give startups a try but they were not too successful owing to poor technological know-how. For more on Fundbox, click here. What it does: Makes custom-designed living cells for companies in the fragrance, food, agriculture and pharmaceutical industries.
Using DNA that it designs and manufactures, Boston-based Ginkgo programs cells to produce everything from the enzymes needed to make cheese and yogurt to the essential ingredient in peach flavoring. For French fragrance firm Robertet, Ginkgo makes microbes that generate rose oil. In , the company went through Silicon Valley accelerator Y Combinator and kicked off its first commercial products.
Ginkgo's employees work with an army of 60 software-directed robots. For the latest on Ginkgo Bioworks, click here. For more on the company, click here. What it does: Makes software for robo-voice customer-service systems. Interactions' selling point: Its software, powered by artificial intelligence, includes a human element. When it fails to understand a thick accent or muffled word, a human steps in to trigger the correct response.
Among its more than 50 customers: Hyatt hotels and health insurer Humana. What it does: Makes a cloud-based system that integrates voice, video and other communications applications. CEO Pope, 39, and his cofounders set up the company in and, unlike other fast-growing tech firms, largely avoided venture funding. Today Jive employs about people and counts companies like WellSpace Health, Expedia and Chop't among its customers. What it does: Makes mattresses and sells them online and at West Elm stores.
CEO Wolfe, a veteran of direct-to-consumer marketing, and Jamie Diamonstein, a third-generation mattress executive, founded Leesa in For more on Leesa Sleep, click here.
What it does: Sells a service that helps diabetics manage their disease. Launched in in Mountain View, California, the company makes a glucose monitor that sends patients' blood glucose data to the cloud, where its technology returns results and treatment instructions to the monitor's screen.
When a reading indicates a serious health threat, a Livongo diabetes specialist calls the patient within 90 seconds. A veteran CEO and entrepreneur, Tullman, 58, has a son who was diagnosed with type 1 diabetes at age eight. Tullman's mother also suffered from the disease. What it does: Makes business-intelligence software that consolidates data from multiple applications. Looker's software promises to take all of a company's data and make it centrally accessible so it can be analyzed for trends and opportunities.
The company has more than 1, corporate customers. For more on Looker, click here. What it does: Helps companies recoup money from returned and overstocked goods. For more on Optoro, click here. What it does: Uses machine learning and artificial intelligence to gather information from satellite images.
From Chinese construction growth to environmental changes to old-fashioned parking-lot car counting, Orbital collates information for investors and governments. It has more than 75 major customers to date. The company is working on a new project to improve flood models for insurance companies.
For more on Orbital Insight, click here. What it does: Sells subscription software that helps salespeople manage their work flow. In , Medina, an immigrant from Ecuador and former director of business development at Microsoft, and his cofounders launched Seattle-based GroupTalent, a service that matched companies with tech professionals looking for work. By , the company had run aground, so CEO Medina and his team decided to scrap their original plan and sell the software they'd developed to manage their sales work flow.
The product tracks research, appointments and calls, and sends automated follow-up emails to prospects. For more on Outreach, click here. Founders : Elliot Cohen, T. What it does: Mails medications to patients packaged by the day and time they should be taken. It has more than employees and serves more than 40, customers. For more on Pillpack, click here.
What it does: Makes software that helps technology startups and banks work together. Perret and Hockey, who appeared on Forbes' 30 Under 30 list in , started a company to help consumers better use financial data. They soon realized there was a need for software that could connect consumers, financial institutions and developers. Plaid's products provide authentication of accounts and routing numbers, income validation and real-time balance checks. What it does: Provides a delivery service for restaurants and other businesses.
Since launching in San Francisco in , Postmates has spread to cities across the U. Customers order food and other goods through a website or app. In addition to its employees, the company relies on a courier workforce of more than , independent contractors.
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