7 Promising startups one should lookout for in 2016

Startup Industry

• Startups industry in India is hot & mainstream • India has moved up to third position & has emerged as the

fastest growing base of startups worldwide

• India is one amongst the first five largest startup communities in the world

• Founders are Rajat Gandhi, Vinay Mathews & Nitin Gupta • Faircent.com is Gurgaon based• Revenue generated is Rs. 2 crore of loan disbursement with an

annualized run rate of Rs. 12 crore • Faircent.com within a years time has become a leading Fintech

company in India• Its market for borrowers & lenders to connect directly• Faircent empowers consumers who are burdened with high

interest rates & lenders who end up with returns that fall shy of beating prevailing inflation

• Faircent.com's platform allows for both auction & reverse auction• Faircent has set itself a stiff target of disbursing loans in over 200

cities & a loan volume of over Rs 2,000 crore in the next 4 years

• Founders are Satyajeet Mohanty (CEO & Co-Founder, Bolt), Ronak Kumar Samantray , Co-Founder NowFloats is also co-inventor of the product is the principal advisor

• Bolt is Hyderabad based • Revenue generated by sales is about 350 units per month • Bolt Red Streak is worlds 1st 'smart' mobile-phone charger for motorbikes• It has a unique detachable design to prevent theft & misuse of device • It is a 2 A charger which not only charges your mobile-phone fast, but also

automatically tracks your entire ride on a route map, total distance, average speed etc. using Bolt Riders App

• Bolt was launched in July 2015 with 30 Bolt authorized dealers across India distributing the product

• The aim is to increase strength of dealers to 100 by January 2016 • There has been a steady demand online – website: thebolt.club, Flipkart & Amazon

• Founders are Sagar Daryani & Binod Kr. Homagai• Wow! Momo was started by two young Entrepreneurs from Kolkata

with an Investment of only Rs. 30,000• Its headquartered is in Kolkata, operational in Delhi, Bangalore,

Chennai, Kochi & Pune• Revenues generated is over Rs 3.5 crore per month • Wow! Momo is a quick service food chain serving large variants of

innovative momos• It also offers Tibetan cuisine in a dine-in, delivery & take away format• They even have a dessert as a momo called Chocolate Momo• The Brand projects to reach a restaurant count of 100 & turnover of

over Rs 80 crore per annum by FY 2016-17

• Founders are Anoop Goyal & Prakash Sikchi • Inspirock is beasd in San Francisco • Inspirock helps people plan holidays with help of technology • At a conceptual level offering is highly simple but at computer science

&technology level it is immensely complicated • For example, a planned itinerary for a 10 day trip to France will have a

trillion possibilities & number of variations • What makes Inspirock different is that it is able to churn out plans

based on logic & according to preference within seconds• About 25,000 users from over 190 countries use the site to plan

holiday every month • It currently covers over 11,000 destinations across Europe & US • It plans to cover most of the world by end of 2016

• Founder is Ishan Gupta • EduKart is based in New Delhi • It is backed by investors like Yuvraj Singh • EduKart helps a student right from the time he or she decides to pursue

a course to the time the enrollment is completed• EduKart is a platform which facilitates students to enroll in a degree,

diploma, certificate, entrance coaching & school education courses• Thus it caters to the entire education life cycle of an individual making it

a unique platform in the Indian education industry• EduKart says it is adding more courses & course providers to its portfolio• The education industry in a $60Bn fragmented market wherein EduKart

is looking to extend the number of courses from current 2500 to 10000 courses in the next 12 months & increase enrolled students by 300%

• Founders are Nitin Saluja & Raghav Verma• Chaayos is based in New Delhi• Chaayos sees over 600 customers walking in to each of its cafes & a

steady growth in revenues on a month-on-month basis• It is a modern interpretation of the 'chai adda' • Chaayos offers more than 25 varieties of tea customizable in 12,000 ways • It delivers Tea in Delhi, Gurgaon & Noida• Orders can be placed by using Chaayos App or by calling them up• It also allows customers to prepare tea at home by using the packaged

'chai patti' available in Chaayos cafes & on e-commerce sites like Amazon.in

• Startup has 13 outlets across Delhi/NCR & Mumbai, it plans to expand about 25 outlets by end of 2016

• Founders are Rohan & Swati Bhargava• CashKaro.com is based in Gurgaon• Revenues generated by CaskKaor.com is Rs 60 Crore• CashKaro.com is a cashback & coupons website• Members can get up to 50% extra cashback on their online

shopping at over 1000 sites when they shop via CashKaro• All Cashback can be paid to users bank accounts as real cash• The site sees over 7,000 transactions per day & has been growing

30% month-over-month• It is planning to expand in Southeast Asia where it will launch

Cashback sites similar to CashKaro.com

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