Tech Start-up Growth in India Surges with 27,000 Active Companies

India has emerged as a thriving hub for the start-up ecosystem in recent years. With the government’s push towards digitisation and the rise of a young and tech-savvy population, the country is witnessing a surge in entrepreneurship, particularly in the tech sector. As per the latest reports, India added over 1,300 active tech start-ups last year, which took the total number of active tech start-ups to 27,000, and the number is only expected to grow in the coming years.

After the United States and China, India is currently the third-largest tech start-up ecosystem globally. The growth of India’s start-up ecosystem can be attributed to several factors. The government has taken several initiatives to promote entrepreneurship, such as the Start-up India program, which aims to create a conducive ecosystem for start-ups to flourish. Additionally, the availability of funding from investors, both domestic and foreign, has also played a significant role in the growth of the sector.

One of the most significant advantages of India’s start-up ecosystem is its cost-effectiveness. Start-ups in India can operate with significantly lower costs than their counterparts in other countries. This has attracted a lot of foreign investors looking to invest in promising start-ups at a lower cost. Indian start-ups have also gained popularity for their ability to provide innovative solutions to real-world problems, making them attractive to investors and customers alike.

The tech sector is one of the most active segments in India’s start-up ecosystem. Start-ups are leveraging the power of technology to create innovative products and services that cater to various sectors, including healthcare, education, finance, e-commerce, and logistics. The country has produced several successful tech start-ups, such as Flipkart, Ola, Zomato, Paytm, and Byju’s, to name a few. However, the start-up ecosystem in India still faces several challenges.

Defeating all the challenges, India’s start-up ecosystem has come a long way in recent years, and the growth of the tech sector has been awe-inspiring. With the government’s continued support and funding availability, the country is poised to become a global leader in the start-up space. However, more needs to be done to address the challenges that start-ups face, such as infrastructure and skill development, to ensure that the ecosystem remains robust and sustainable in the long run.

Audi and Nunam transform old laptop batteries to mobile power banks!

Everyone is aware of the wonders-on-wheels that Audi launches. However, what we don’t know is that the company has been trying to give back to the environment! Yes, since 2009, the Audi Environmental Foundation has been supporting innovative projects that strengthen environmental protection. Recently, the foundation is known to support the non-profit start-up company ‘Nunam’. The 29-year old German-Indian founder found a unique way to prevent premature recycling of electronic waste and provide a cheap alternative of electricity to the ones in need.

Have you ever thought about what happens to your used, but waste-laptops; the ones that you sell for recycling purposes? Nunam is just another stop in the supply chain of electronic waste, except it’s a more sustainable one. The company buys discarded laptop batteries from scrap dealers in the Indian state of Karnataka and uses their battery cells for stationary energy storage systems. The results are another source of power that can be used to supply electricity to items that consume small amounts of power such as smartphones, fans, or lamps. These power banks further serve as a power source for small vendors, fruit and vegetable merchants at a market and in rural parts of the country. 

By doing so, the start-up is aiming to overcome various challenges with a single solution. First, it saves energy by ensuring that the batteries are fully utilized. Those batteries are not produced, they’re reused. This conserves raw materials and energy in the production phase. Additionally, reusing the material reduces the amount of scrap that would otherwise end up in residual waste, landfills, or recycling. The resulting power banks are charged with solar energy and not with coal-based electricity, thus fostering cleaner energy systems. At last, they’re providing access to clean energy to ones in need, with a 20% reduction in cost. 

Nunam co-founder Prodip Chatterjee says: “We are creating win-win situations: Old battery cells that would otherwise end up in residual waste are first reused and then disposed of properly. Scrap dealers earn money by reselling to us and Indian families and merchants benefit from affordable power banks. A five-year-old laptop can serve as a light source for Indian fruit and vegetable merchants at a market, can power a small fan, or can charge a mobile phone.”

The company takes care of the entire cycle of used battery system~ from procurement of used batteries to recollection from energy users and final recycling. They use real-time data, analytics, and cloud computing to help them track the whole process. Nunam has so far found that old laptop batteries have an average remaining capacity of approximately two thirds. It starts by testing the capacity and condition~ the ones with more than 60% residual capacity are assembled into new power banks, with approximately 1kWh; which eventually ends up charging smartphones or operating smaller household appliances for a day. These prototypes are connected to the Internet via SIM card and transmit data which ensures that the power banks are returned to Nunam again at the end of their service life. Nunam passes the ‘used-second-life’ batteries to a local battery recycling company. 

 “Technology is most environmentally friendly when it remains in use as long as possible. If we can do it for other purposes after their initial use, we can save energy and raw materials and reduce the amount of electronic waste. Effective cycles are an important lever for conserving resources,” said Rüdiger Recknagel, Managing Director of the Audi Environmental Foundation. The foundation therefore targets its support to projects for environmentally friendly use of technology under the “Greenovation” action area.

Why Anand Mahindra’s $1 Million in Hapramp makes sense

So many social networking startups! Isn’t the world already so full of social media platforms? Why another? And why the investment? While many thoughts might come to your mind after reading that headline, let us talk about Hapramp and why it is actually so unique and worth it

Hapramp facts:

  1. Founded by 5 young people in 2018 – Shubhendra Vikram, Pratyush Singh, Mofid Ansari, Ankit Kumar and Rajat Dangi  
  2. Based in Gurugram
  3. Combines tech, creativity and data security 

The Timeline 

Just like most startups, the idea of Hapramp came to life in a hostel room! The founders made time for creating the tech startup by doing freelance jobs. It was a risk they were willing to take in order to build something valuable. 

While most of you might not be aware of 1Ramp.io, it was one of their first startups based on Steem Blockchain. It has a similar concept – social media for creators where users could earn cryptocurrency basis the upvotes on their content. We think it’s a very cool concept! While 1Ramp.io had become very popular and was presented in two Blockchain events in Thailand and Poland,the challenges the team faced with the user experience was something they wanted to fix. 

In 2019, they created GoSocial which was again, a platform for creators and also, Asteria Protocol which is the tech that takes care of data security, privacy and monetisation. Hapramp is an upgrade to that – a platform with better data security from the learnings of 1Ramp.io. 

Starting out with GoSocial 

Content creators are at the heart of every project that the founders work on. This is because content creators are the ones who build the highest value on the internet today. However, their efforts aren’t monetised fairly most of the time and this is what the focus of Hapramp is.

They were focussed on the problem their platforms solve and the benefit that the users get. GoSocial began with photographers and expanded to having artists and writers too. 

A Step by Step Research Model:

  • Internet Age – how long a person has been using the internet.
  • Stages of a Creator’s Journey – discovery (beginners), learning, professional (experts)
  • Self-challenges – All that the creators do to make creative ritual
  • Importance of validation

Using this research and experimenting based on data and learnings, they started building an experience that helps budding creators to learn photography, art and writing in a social context directly from expert creators. 

GoSocial has a unique way of building a relationship between the creator and the creation. Expert creators host creative challenges and the users take those challenges! Unique and interesting. GoSocial team’s focus is to work on tools that can help experts monetize their expertise and content. 

The Multiple concepts at play here are:

  • Vertical communities
  • P2P exchange of value
  • Personal growth. 

 

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