7 “New Business Ideas” For You This Week (08 – 14 Oct. 2018)

15/10/2018
funding-dsim
S.No. Startup Ideas Founded In Founder Funding Amount
1 Innov8 2015 Ritesh Malik, Shailesh Gupta $4 million
2 ElaWoman 2016 Aditya Kandoi, Ritu Singh, Yogesh Agarwal $3 million
3 Betterhalf.ai 2016 Pawan Gupta, Rahul Namdev $500K
4 LetsTransport 2015 Ankit Parasher, Pushkar Singh, Sudarshan Ravi : $12 million
5 BlackBuck 2015 Chanakya Hridaya, Rajesh Yabaji, Ramasubramaniam B $27.3 million
6 RevFin 2018 Sameer Aggarwal Undisclosed
7 Sattvaponics 2017 Kevin Parekh and Ashish Korde Undisclosed

Consumer Internet Industry

1) Innov8

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Founded: 2015

Founder: Ritesh Malik, Shailesh Gupta

Funding raised: $4 million

Summary: Gurugram-based Innov8 Coworking is a Y- Combinator backed workspaces and community startup based in India. They provide premium workspaces. It raised in a pre-Series A round of funding led by Credence Family Office.

Working Model: Innov8’s mission is to create workspaces and environments wherein individuals and companies alike can find, seize, and expand amazing opportunities for success.

Future Planning: Innov8 will use the capital to expand its footprint beyond Delhi NCR, Mumbai, Bengaluru, and Chandigarh. It will further double its seat count to 8,000 in the next six months.

Technology Industry

2) ElaWoman

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Founded: 2016

Founder: Aditya Kandoi, Ritu Singh, Yogesh Agarwal

Funding raised: $3 million

Summary: New Delhi-based ElaWomen is the largest data-driven Fertility healthcare portal, which lists fertility doctors and clinics raised in a Series A funding round, led by Chiratae Ventures along with co-investor Alkemi Venture Partners. It has more than 1265 Fertility Centres across India and South- East Asia.

Working Model:  Elawoman, a data-driven woman’s health and Fertility Company is designed to help couples to meet their fertility goals.

Future Planning: The startup plans to use the funding to improve its technology and expand its geographical reach to the non-metro cities in India. It also plans to expand to international markets such as Asia Pacific countries.

3) Betterhalf.ai

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Founded: 2016

Founder: Pawan Gupta, Rahul Namdev

Funding raised: $500K

Summary: Bengaluru-based startup Betterhalf.ai brings AI-powered compatibility matching, 6-levels of profile screening in a no-nonsense approach to partner search experience.

It secured a seed funding through angel investors that include Shailesh Rao, Former Managing Director of Google India, Massachusetts Institute of Technology (MIT) Alumni like Vinay Subramanian, Former Investment Director at Flipkart, Rehan A Khan, Investor, FirstPenguin Capital, and other senior leaders from Google, Uber and Amazon.

Working Model:  Betterhalf.ai’s brings AI-powered compatibility matching, 6-levels of profile screening in a no-nonsense approach to partner search experience. It provides a combination of a targeted subset of matches with a quick turnaround time to find compatible partners.

Future Planning: The fresh round of capital will be used in building AI capabilities while continuing to invest further in technology and talent.

Logistics Industry

4) LetsTransport

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Founded: 2015

Founder: Ankit Parasher, Pushkar Singh, Sudarshan Ravi

Funding raised: $12 million

Summary: Intracity last mile logistics provider LetsTransport solutions are reliable, professional, economical and structured to serve businesses as well as consumers.

It raised a fresh funding round from Shanghai-based VC Fosun International, which mainly invested in India through its venture capital arm Fosun RZ Capital.

Working Model: Lets transport is a “Last mile” logistics solution provider. It offers hassle-free truck rentals, with a technology-driven approach. This is good in that it confirms continuous income for drivers.

5) BlackBuck

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Founded: 2015

Founder: Chanakya Hridaya, Rajesh Yabaji, Ramasubramaniam B

Funding raised: $27.3 million

Summary: BlackBuck, an online marketplace for logistics transactions. The company raised funding thereby marking the entrance of Sequoia Capital as an investor in the Bengaluru-based startup.

Working Model:  The idea was to help transporters increase the utilization of the trucks and have better access to demand. On the businesses side, the platform helps them use freight as effectively as possible.

Fintech Industry

6) RevFin

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Founded: 2018

Founder: Sameer Aggarwal

Funding raised: Undisclosed

Summary: Delhi based instant lending startup RevFin will offer two types of products – personal loan, and revloan, a credit line for any emergencies.

It raised an undisclosed amount in the seed funding round from a group of angel investors.

Working Model:  RevFin offers loans through its own NBFC to the underserved segments of the society. Their lending platform will underwrite and disburse loans digitally through Android and iOS Apps.

Future Planning: The startup plans to use the funds to launch its services in the Indian market, improve its technology infrastructure and enhance its distribution.

Agritech Industry

7) Sattvaponics

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Founded: 2017

Founder: Kevin Parekh and Ashish Korde

Funding raised: Undisclosed

Summary: Agri-tech company Sattvaponics Solutions Pvt. Ltd produces clean and high-potency raw materials for the nutraceutical, or medicinal foods, industry.

It raised an undisclosed amount of seed funding from the startup incubator of the Indian Institute of Management, Ahmedabad, and OmniActive Health Technologies Ltd founder Sanjaya Mariwala.

Working Model:  The Company provides clean growing conditions in a protected environment and uses biological control agents and optimized nutrition agents so that the plants grow to their genetic potential.

Future Planning: It aims to cross 300-400 acres of cultivation in the next three years, producing multiple high-value crops round the year.

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