Emerge 50 Analysis Mirrors the Findings of the Start-up Report
Inside the boardroom of NASSCOM headquarters, takes place a serious brainstorming.
Participants - NASSCOM Products Team, NASSCOM Industry Research Team, and Zinnov (our process partner). A total of ~500 companies being screened and scrutinized on more than 30 business and technology parameters. Since I was already working on the Start-up Report – 2016 Edition - it became intriguing for me to draw synergies between our report and the EMERGE 50 Analysis. Some of the key findings are given below:
Tier 1 cities harbor maximum software product companies – tier 2,3 steadily making their visibility
Although Delhi-NCR, Mumbai, Bangalore, and Hyderabad occupied more that 70% of the total application pool, companies from tier 2 cities were also becoming noticeable. Jaipur, Indore, Kochi, Coimbatore, Visag, Trivandrum, Amritsar, and Chandigarh – together accounting for 6% of the application pool. With >13 states having already established start-up policy frameworks, this number is bound to rise in the next couple of years.
B2B businesses are becoming prominent in India
65% of the applicants offered B2B solutions. In a country with 1.3 billion customers, with huge scope and opportunities for B2C companies, B2B software product firms are also making their presence felt – most of them catering to both Indian and global clients. B2B product start-ups (as per our start-up report) occupied 1/4th of the total start-up funding and their funding went up by 18-22% YoY.
Big data/analytics, cloud, and enterprise solutions are the most popular, IoT catching up fast
Of the top 50 companies recognized and awarded at the NPC, ~50% of the companies offered analytics solutions. 20% of them offered IoT solutions – in the HealthTech, CleanTech, EnergyTech, and Robotics. Top technologies as per our start-up report would be Big Data/Analytics, Cloud, IoT, ML/AI (~750 start-ups in India).
Product companies are exploring global markets
>80% of the total applicants had some form of global focus, highlighting that global scaling is on the top of their mind, prompting them to create world-class software products.
Finally, I will leave you with the list of the top 10 companies recognized by EMERGE 50 Awards.
| Company Name |
City | Product | Description |
|---|---|---|---|
| AVR EdGE Networks Pvt. Ltd. | Bangalore | HIREalchemy | HIREalchemy is an end-to-end AI driven solution for workforce transformation |
| Cardiac Design Labs | Bangalore | MIRCaM | MIRCaM is a single front line device for advanced cardiac diagnosis with intelligence which provides real time analysis and generates instant alarms on detection of problems informing a doctor ahead of time, thereby enhancing patient care and safety. |
| Ducere Technologies Pvt. Ltd. | Hyderabad | Lechal Footwear | Lechal is the one of the world’s first interactive haptic footwear – that helps in navigation and monitors fitness |
| Hansel.io | Bangalore | Hansel.io | A toolkit for software developers which allows them to fix crashes and dynamically communicate with users |
| iFuture Robotics | Bangalore | Ark Robot | Builds technology inspection systems (mobile robots) for small scale manufacturing industries |
| Indix Internet India Private Limited | Chennai | Indix API | Indix Product API provides restful, programmatic access to offers and catalog information, and easily integrates with eCommerce platforms, business systems, and product information management systems. |
| LogicLadder Technologies | Gurgaon | EnergyLogicIQ | EnergyLogicIQ makes energy data simple to acquire, understand and act upon. Using machine learning technology that turns facilities into conscious facilities that learn from and respond to every energy wastage. |
| Oslabs Technology (India) Pvt. Ltd. | Mumbai | Indus OS | Indus OS is the world’s first regional operating system made for smartphones in India & other emerging markets |
| Razorpay Software Private Limited | Bangalore | Razorpay Services | Offers developer-friendly APIs and hassle-free integration for fast, affordable, and secure way for merchants, schools, eCommerce, and other companies to accept payments online |
| SirionLabs | Gurgaon | Sirion | A SaaS platform that helps technology buyers and sellers effectively manage costs and risks associated with complex service agreements |
As you can see, Indian software product companies and tech start-ups are beginning to offer sophisticated technologies and platforms, foraying both locally and globally. Do share your thoughts today on how can these companies scale fast and sustainably.
Manishree Bhattacharya
Manishree works as a Manager with the Research team at Nasscom. She has 6+ years of experience in business research and advisory. Areas of expertise are market sizing, competitive benchmarking, business strategy, technology scouting and evaluation.
Thanks for sharing this informative post!
Indian Software Companies are growing day by day. Indian companies provide fast and reliable software solutions to clients.
Congratulation to these top 10 companies recognized by EMERGE 50 Awards.
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