When I first began exploring the startup scene in Bangalore, I found myself asking many questions, but struggled to find articles that offered real, firsthand insights.
Having now immersed myself in the dynamic and fast-paced world of Bangalore startups, I’ve decided to pen down my experiences and knowledge. This article will be your go-to guide, answering all your questions about navigating the startup landscape in Bangalore.
21 Top Startups In Bangalore (2024 Edition)
LetsTransport, founded in April 2015, is a key player in the logistics platform space. The company offers customized solutions for first-mile, mid-mile, and last-mile deliveries. My engagement with LetsTransport shows its versatility and adaptability in the logistics sector.
The acquisition of Shifter and the subsequent launch of operations in Bangalore in October 2015 marked a significant expansion for the company. LetsTransport’s services, including cold chain logistics and managed services, cater to the B2B market in retail, transportation, and logistics tech segments.
The company’s substantial funding of $77.4M over 18 rounds reflects strong investor support and confidence in its business model.
2. Ethereal Machines
Ethereal Machines, founded in 2014 in Bangalore, Karnataka, specializes in subtractive and additive manufacturing technologies.
Recognized under the ‘Start-up India’ initiative by the Government of India, Ethereal Machines has established itself as a leading manufacturer of 5-axis CNC Machines and 3D Printers in India.
Products like Ethereal Halo, Ethereal Pentagram, and the Ethereal 3D Concrete Printer showcase the company’s innovative capabilities. Serving clients across various sectors, including aerospace, healthcare, jewelry, automobile, electronics, and education, Ethereal Machines is at the forefront of advanced manufacturing technologies in India.
XFlow, founded in 2021 by Anand Balaji and Ashwin Bhatnagar, is a noteworthy technology company that has made significant strides in the cross-border payments infrastructure space.
My interaction with XFlow’s platform demonstrates its commitment to simplifying and accelerating inward payment flows for businesses globally.
The platform’s compliance checks, including transfer purposes, form completions, and generating electronic foreign inwards remittance advice, are particularly impressive.
XFlow’s APIs and No-Code solutions provide businesses and independent users with an efficient, compliant, and cost-effective way to manage international payments.
The company’s partnerships with top global banks further assure safety and compliance, making it a reliable choice for handling international transactions.
Merlin, a product by Foyer, offers a unique solution for internet users. Incorporated in the US and based in Bengaluru, Merlin is a ChatGPT App for Chrome that enhances web browsing by allowing users to chat with Merlin on any website. This feature enables users to access information without leaving the page they are on.
The app’s free access to GPT-4 power and live web access are standout features. Additionally, Merlin shows responses from ChatGPT alongside various search engines like Google and Bing.
Founded by three experienced individuals, Merlin aims to simplify and enhance the workflow for Product Managers, offering a novel tool to streamline their online research and information-gathering tasks.
Sentra.world, founded in 2023 by two ex-McKinsey junior partners with extensive experience in sustainability and digital, is a technology platform focusing on Environmental, Social, and Governance (ESG) for industrial businesses.
My exploration of Sentra.world reveals its dedication to decarbonizing businesses through cutting-edge technology.
The company’s product, sentra.calculus, is an ESG management tool that helps businesses meet ESG compliance, access new markets, and reduce costs.
This product is particularly relevant in today’s business environment, where sustainability and responsible operations are increasingly important.
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KarmaLifeAI, founded in 2020 and headquartered in Bangalore, Karnataka, is India’s largest Earned Wage Access Platform. Serving blue-collar workers, KarmaLifeAI offers subscription-based financial services built on Digital Karma.
The company’s real-time credit solutions for gig workers, including partnerships with entities like LenDenClub to provide loans, are notable.
KarmaLifeAI’s pioneering of DaS (Direct as a Service) in India simplifies financial processes like loan repayments, EMIs, insurance premiums, and savings contributions directly from worker payouts.
This innovative approach is vital for gig workers, ensuring they have access to necessary financial services in a timely and convenient manner.
7. Volt Money
Volt Money, a digital platform based in Bangalore, Karnataka, is revolutionizing the way Indians access credit. The platform provides instant loans against mutual funds and shares, making credit easily accessible to millions.
My experience with Volt Money reveals a hassle-free process, offering both overdrafts and term loans.
What sets Volt Money apart is its customer-centric approach. The platform offers cash loans, credit lines, affordable interest rates, and flexible EMIs, ensuring financial assets remain intact while borrowing.
The aim to democratize credit with a fast, seamless, transparent, and secure lending process is commendable. As a B2C lending platform, Volt Money’s focus on low-cost and flexible credit solutions makes it a notable entity in the financial sector.
8. Evolved Foods
Evolved Foods is a pioneering plant-based food company, producing protein products that mimic the sensory experience of traditional meat.
Their products, made from soy protein, rice protein, and coconut fat, are designed to cater to the growing demand for sustainable and ethical food options.
My observation of Evolved Foods’ product range, suitable for various dishes from biryanis to pizzas, highlights its versatility. The company’s expansion to six cities and partnerships with the hospitality industry signal its growing influence.
With a seed round funding of Rs 7.30 crore, Evolved Foods is poised to enter international markets like the Middle East and Europe, showcasing its potential in the global plant-based food industry.
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TradingLeagues is an innovative fantasy stock gaming application that recently secured $3.5 million in a pre-Series A funding round. The app’s design focuses on expanding its user base and enhancing the user experience.
TradingLeagues’ approach to introducing a large number of Indians to the financial markets through gamification is unique.
The company’s plan to launch the app in the US market within the next 12-18 months reflects its ambition for global reach.
TradingLeagues competes with other stock gaming apps, aiming to make the earning potential of the stock markets accessible without requiring a brokerage account. This goal positions TradingLeagues as a potential game-changer in financial education and engagement.
HealthifyMe, a known health and fitness app based in India, is not mentioned in the provided search results.
Typically, HealthifyMe offers personalized diet plans, fitness tracking, and health advice. However, specific details about its operations in Bangalore or recent developments are not available in the search results.
For more information on HealthifyMe, especially regarding its latest initiatives or expansions, additional research or direct queries to the company might be necessary.
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HomeLane is a company that has significantly impacted the home interiors industry with its specialized solutions.
It aims to provide a hassle-free experience for homeowners, revolutionizing the way home interiors are designed and executed. My experience with HomeLane highlights its commitment to personalized, tech-enabled services.
With a presence in over 22 cities and more than 54 Experience Centres, HomeLane has completed interiors for over 30,000 homes. This scale of operations is a testament to its expertise and customer satisfaction. The recognition as the Best Interiors Brand by The Economic Times underscores its industry standing.
HomeLane’s collaboration with a vast network of interior designers, vendors, and installers ensures a wide range of options and quality services for customers.
Backed by investors like Sequoia Capital and Accel Partners, HomeLane has raised approximately $112 million in venture capital.
The company’s promise of delivering interior solutions within 45 days and the support of a dedicated care team are key aspects of its customer-centric approach.
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Lightmetrics specializes in advanced video telematics solutions, focusing on the automotive industry. Its product, RideView, caters to Telematics Service Providers and trucking OEMs, aiming to enhance road safety.
My interaction with Lightmetrics’ solutions showcases their effectiveness in reducing accidents and promoting safer driving through AI-powered video telematics and personalized coaching.
Founded in 2015, Lightmetrics has demonstrated its potential with a total funding of $9.45 million. Its headquarters in Bangalore, India, places it at the heart of a growing tech hub.
The company’s recognition for best practices and global business potential in 2022 further emphasizes its innovative approach and impact in the automotive telematics space.
13. Muffin Data
Muffin Data, an analytics platform for the food and beverage industry, was founded in 2020 and is based in Bangalore, India. The company’s focus on providing insights into sales performance by pulling data from retailers and distributors is a crucial tool for the industry.
Muffin Data’s approach to analytics includes internal operations, retailer data, distributor data, and data science.
With a total funding of $500K and backing from investors like Y Combinator, Muffin Data is positioned as an emerging player in the analytics space, specifically tailored to the needs of the food and beverage sector.
Floworks, a software development company, aims to simplify work through automation and integration. Founded in 2021 by Sudipta Biswas and Sarthak Shrivastava, the company is headquartered in Bangalore, Karnataka, India.
Floworks’ product, Flowy, is a dynamic chatbot designed to streamline workflows, particularly for sales teams.
The company helps sales teams by integrating CRMs with Slack, facilitating task management, lead tracking, and client communication within the Slack workspace.
With fewer than 10 employees, Floworks focuses on making software and applications more assistive to humans, highlighting its commitment to enhancing efficiency and productivity through technology.
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Cognecto, an AI Solutions company founded in June 2020, specializes in analytics solutions and managed services for mixed or homogeneous fleets of heavy equipment.
My interaction with Cognecto’s AI solution demonstrates its effectiveness in providing timely insights to enhance operational efficiency in heavy equipment management.
The company offers a comprehensive solution that includes equipment tracking, sensor data analysis, and an intelligent edge device to handle complex use cases.
A standout feature of Cognecto’s platform is its integration with drone technology, offering real-time site progress and equipment movement tracking on one platform.
Cognecto serves various industries such as mining, material handling, logistics, and highway construction.
Its AI platform’s capability to handle 480 million equipment parameters per day, providing insights on factors like trip count, distance and hour run, fuel usage, and pre-start checkup, is particularly impressive and showcases the company’s advanced technological capabilities.
Niro, an embedded lending platform founded in 2021, has rapidly gained prominence in the financial technology sector. The platform enables consumer internet platforms to offer customized credit products, thereby driving engagement and creating value.
Niro’s ability to raise a total funding of $14.4M over four rounds reflects strong investor confidence.
Niro’s platform stands out for allowing any consumer platform to become a credit product provider. The company collaborates with partners to create credit products that are personalized, flexible, and competitive.
My observation is that Niro’s platform integration into partner platforms, achievable in as little as two weeks, offers a simple, fast, and fully-digital end-to-end journey.
Niro has disbursed loans worth over Rs 300 crore across more than 200 cities in India. Its partnerships with major consumer internet companies like Snapdeal and Housing.com highlight its influence and reach in the fintech space.
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ArisUnitern, a real estate solution startup, has made significant strides in the industry by securing major shares in Kaleido Realty through acquisition.
The company’s strategic partnership with Flow and alliance with BCD India group further emphasize its growing influence in the real estate sector.
The monthly podcast series by ArisUnitern, which features discussions with real estate developers and industry experts, showcases the company’s commitment to sharing knowledge and insights about the dynamic world of real estate.
Participation in the International Realty Awards and Summit by International Brand Equity, along with hosting networking events with over 40+ developers, underlines ArisUnitern’s active involvement and leadership in the industry.
HerKey is India’s largest career engagement platform for women, aiming to bridge the gap in career engagement. The platform provides a space for women to connect with employers, mentors, experts, and peers.
HerKey’s focus on helping companies recruit, retain, and promote female talent is pivotal in addressing gender disparity in the workforce.
The platform’s emphasis on opportunities, learning, and communities tailored to women’s needs is particularly relevant, given the significant drop in women’s participation at various career levels.
HerKey’s company culture prioritizes high accountability, expectations, and work-life balance, with a team composition of 85% women.
HerKey’s recent $4 million funding, led by Kalaari, 360 ONE Asset, and angel investors, is a testament to its potential and the growing recognition of the need for platforms that support women’s career advancement.
SimpliContract, an AI and SaaS-based contract lifecycle management (CLM) platform, has made significant inroads in the legal tech sector since its founding in 2020.
Based in Bengaluru, India, the platform offers a comprehensive CLM solution, encompassing everything from contract requests to renewals.
My experience with SimpliContract highlights its powerful AI-powered capabilities, including clause extraction, metadata extraction, tabular data extraction, and risk scoring.
With a total funding of $5.3 million from nine investors, SimpliContract demonstrates strong investor confidence.
The company’s valuation of $6.65 million and an annual revenue of $127K as of March 31, 2022, further underline its growing market presence.
SimpliContract’s plans to use its funds for business growth and expansion, especially in the US and Europe, and to enhance its sales, marketing, and product offerings are indicative of its ambition and potential for global influence in the CLM space.
AppEQ.AI is a company that focuses on empowering customer-facing teams with efficient solutions that enhance growth and revenue retention.
The founders, Rajat and Mano, bring over 40 years of combined experience in enterprise, technology, and startups, offering a wealth of knowledge and expertise to the company.
Backed by notable SaaS leaders and experts, AppEQ.AI has positioned itself as a valuable resource for businesses looking to optimize their customer engagement and revenue retention strategies.
The company specifically targets startups and mid-market companies that utilize Salesforce as their CRM and Gmail as their primary communication channel.
This focus on integrating with popular business tools reflects AppEQ.AI’s commitment to providing accessible and effective solutions for improving customer relationship management and sales processes.