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9 “New Business Ideas” For You This Week (15 – 21 Oct. 2018)

22/10/2018
funding-dsim
S.No. Startup Ideas Founded In Founder Funding Amount
1 Zomato 2008 Deepinder Goyal, Pankaj Chaddah $210 million
2 Smule 2008 Jeff Smith‎, Ge Wang $20 million
3 BookMyBai 2015 Anupam Singal, Vikash Chowdhury Undisclosed
4 Metalstreet 2017 Shashank Ananth, Arun Shukla, Nupin Pillai $700K
5 Worxogo 2015 Ramesh Srinivas, Sudha Bhamidipati, Ravi Bhamidipati, Suneel Aiyer, Anant Sood, Sivaramakrishnan $2.2 million
6 myGate 2016 Vijay Arisetty, Abhishek, Shreyans Daga, Vivaik Bhardwaj $8.7 million
7 TravelTriangle 2011 Prabhat Gupta, Sanchit Garg, Sankalp Agarwal $3 million
8 Universal Sportsbiz 2012 Anjana Reddy $13.5 million
9 FarmersFZ 2015 Pradeep PS Undisclosed

Consumer Internet Industry

1) Zomato

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Founded: 2008

Founder: Deepinder Goyal, Pankaj Chaddah

Funding raised: $210 million

Summary: Zomato is a food point search and restaurant listing service; it is presently available across 41 cities in India and has since added food ordering and table booking to its portfolio of services.

Zomato signed a definitive agreement to raise a primary funding from Alibaba-owned digital payment subsidiary Alipay Singapore Holdings Pte Ltd.

Working Model: It makes revenues by subscription fees from restaurants, premium listing, advertisements, home delivery, order booking and analytics.

2) Smule

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Founded: 2008

Founder: Jeff Smith‎, Ge Wang

Funding raised: $20 million

Summary: US-based music-focused social networking platform Smule develops music-making apps that connect people. The company was founded to enable anyone to create, discover, love, and enjoy music.

It raised strategic investment from Times Bridge. With this, Times Bridge is looking to expand its existing investment portfolio of consumer tech companies.

Future Planning: The startup plans on increasing its exposure in the Indian digital music market and help the market grow organically.

3) BookMyBai

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Founded: 2015

Founder:  Anupam Singal, Vikash Chowdhury

Funding raised: Undisclosed

Summary: Mumbai-based domestic help provider startup BookMyBai was established with the aim of providing reliable house help. It raised pre-series A funding round led by Japan-based social venture fund ARUN Seed.

Working Model: It helps people to hire maids, cooks, babysitters, and caretakers. It charges one month’s fees from the customer for the bookings made through its platform.

Future Planning: The startup plans to use this funding to help increase its market share in the existing cities, and also to expand their geographical reach in Hyderabad and Delhi.

4) Metalstreet

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Founded: 2017

Founder: Shashank Ananth, Arun Shukla, Nupin Pillai

Funding raised: $700K

Summary: Bengaluru-based metals trading marketplace, Metalstreet focused on the steel trading ecosystem where traders can buy or sell all finished steel products. It raised an angel investment round to allow efficient and transparent trading.

Working Model: Metalstreet is providing an integrated platform that allows supply-chain participants such as manufacturers, distributors, retailers and end-users to discover, connect and trade on the go.

Future Planning: The funding will be used towards ramping up and building a robust product team focused on solving challenges that are bespoke to the steel supply chain through tech enablement and innovations.

Technology Industry

5) Worxogo

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Founded: 2015

Founder: Ramesh Srinivas, Sudha Bhamidipati, Ravi Bhamidipati, Suneel Aiyer, Anant Sood, Sivaramakrishnan

Funding raised: $2.2 million

Summary: Bengaluru-based AI-focussed enterprise startup Worxogo Solutions Pvt. Ltd, a startup that offers a cognitive artificial intelligence (AI) engine as a SaaS application to give personalized performance inputs to employees. It raised a Series A round of funding led by Inventus India and Ideaspring Capital.

Future Planning: The startup will deploy the funds to reinforce its cognitive AI led products for increasing enterprise performance and enter global markets.

6) myGate

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Founded: 2016

Founder: Vijay Arisetty, Abhishek, Shreyans Daga, Vivaik Bhardwaj

Funding raised: $8.7 million

Summary: Bengaluru-based myGate is a mobile-app-based system that offers a simple yet comprehensive solution for gated communities to manage operations at the entry and exit gates. It raised Series A funding led by existing investor Prime Venture Partners.

Future Planning: The startup is now looking to expand to 10 cities including Chennai, Mumbai and Delhi/NCR and is targeting 10X growth in 2019.

Travel Industry

7) TravelTriangle

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Founded: 2011

Founder: Prabhat Gupta, Sanchit Garg, Sankalp Agarwal

Funding raised: $3 million

Summary: Gurugram based travel tech startup; Travel Triangle enables travel enthusiasts to reserve a personalized holiday plan with a verified travel agent.

It raised fresh funding from Asian venture debt and specialty lending firm InnoVen Capital.

Working Model: Travel Triangle offers multiple quotes from verified travel agents, helps travellers in planning tour and make sure they get the best deal.

Future Planning: The funding will be focused to meet the pressing expansionary demands for the organization and strengthening its outbound based operations.

Sports Industry

8) Universal Sportsbiz

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Founded: 2012

Founder: Anjana Reddy

Funding raised: $13.5 million

Summary: Bengaluru-based Company Universal Sportsbiz raised Series E funding from American venture capital firm Accel Partners.

Working Model: Universal Sportsbiz has forged multiple partnerships with famous sports and movie personalities to co-create apparel brands, which are sold to customers via online and offline channels.

Future Planning: The startup plans to utilize the recent funds to spread its offline retail network across key markets in the country.

Agritech Industry

9) FarmersFZ

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Founded: 2015

Founder: Pradeep PS

Funding raised: Undisclosed

Summary: Kochi based agritech startup Farmers Fresh Zone (FarmersFZ) is an online venture for fresh and safe vegetables and agri products. It raised an undisclosed amount in a seed round of funding.

Future Planning: The company will use the funds to strengthen its leadership position, increase geographical reach and strengthening customer acquisition.

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