Gujarat, the hometown of several Indian millionaires, is gaining prominence as an entrepreneurial hub. And it is Ahmedabad in Gujarat that is the epicenter for startups. Ahmedabad is one of the most prominent cities in western India and is famous for its textile industry. The city has finally started showing its true entrepreneurial attitude through advancements in the high-tech segment. This StartupTalky post sheds light on some of the most successful startups in Ahmedabad.
Also read - If you are looking for a detailed coverage of the startups in Ahmedabad, here is our exhaustive list of all recently funded startups in Ahmedabad and other cities.
|Founders||Naman Pipara, Shrijay Sheth|
|Total Funding||INR 3.8 crore (Jan 2021)|
|Investor||ContCentric IT Services Private Limited|
|Revenue||$113K as on Dec 31, 2018|
|Registered Entity Name||Legalwiz.in Private Limited|
A unique Ahmedabad-based startup, LegalWiz is a legaltech venture that helps startups and SMEs with professional services, taxation, and legal compliance. For any entrepreneur, one of the biggest challenges of launching a company is the legal aspect; the rights of any product, hiring a good CA, etc. are pain points one has to be extremely cautious about.
LegalWiz provides a simple, affordable, and transparent way of procuring professional services related to the legalities of a business. It adds value by saving time and resources for entrepreneurs, enabling them to focus on their core business. The services include New Business Registrations, Intellectual Property Registrations, Government and Tax Registrations, Filings, Accounting and Bookkeeping, Custom Legal Document Drafting, and more.
As of 2020, LegalWiz had over 5,000 paying clients and 30,000+ MSME registrations on its website. The clientele of LegalWiz includes some of the well-known companies like Flipkart, Bank of Baroda, Instamojo among others. Since its inception, LegalWiz has doubled its annual growth. In 2018, LegalWiz recorded a 20% growth each quarter
My Class Campus
|Ahmedabad Startup||My Class Campus|
|Founders||Rachit Dave, Rutvij Vora, Raj Kothari|
|Total Funding||INR 1.5 Cr (Seed)|
|Parent Organization||Hexagon Innovations Pvt. Ltd|
My Class Campus is an Edtech startup founded in 2015. It provides a complete ERP system for educational institutions. My Class Campus's flagship offering is a cloud-based ERP platform. It is simple, easy to use, and connects management, teachers, students, parents, and other stakeholders of an educational institute. My Class Campus charges on a per student basis with an annual fee. The company has three subscription packages: basic, advance, and premium.
My Class Campus also builds apps for educational institutes and offers a DIY website-designing platform for such institutes. My Class Campus raised a seed funding of INR 1.5 crore through a private investor group.
Some growth milestones achieved by My Class Campus are - 2000+ institutes are registered with it, 6,00,000+ users, 8 Partners and operating in 10 countries
|Founders||Harshvardhan Lunia, Mukul Sachan|
|Revenue||INR 464cr (FY20)|
|Investors||Sistema Asia Capital, Alteria Capital, SBI, Mayfield Fund, Fullerton Financial Holdings among others|
|Parent Organization||Lendingkart Technologies Private Limited|
Lendingkart is a fintech online platform that lends working capital and business loans to entrepreneurs and startups. Lendingkart was founded in 2014. Instead of focusing on the past financial statements and income tax returns to evaluate the credit risk profile of a potential client, Lendingkart focuses on the client’s current year’s cash-flows and business growth. The company has more than 640 employees. Though Lendingkart's offices are in Ahmedabad, Bangalore and Mumbai, the fintech firm serves PAN India.
The objective is to make capital funds readily available so that entrepreneurs can focus on the business instead of worrying about gaps in their cash-flows. Lendingkart's main competitors are Capital Float, Faircent, and i-LEND. Lendingkart witnessed 118% increase in its margins before tax from INR 19 cr in FY19 to INR 41.9 cr in FY20. Lendingkart's FY20 revenue stood at INR 464 cr i.e., 113% growth.
All Events in City
|Ahmedabad Startup||All Events in City|
|Founders||Amit Panchal, Ruchit Patel|
The only event management startup from Ahmedabad, All Events in City had to be in this list. This startup was launched in 2011 with a mission to create a platform for people to discover the events happening around them. By harnessing the power of social media and staying focused on the goal of making event discovery easy, All Events in City has become the world's fastest growing event aggregation platform with a huge base of over 30,000 cities and over 9 million event organizers who use the platform.
According to the company's website, it has achieved an incredible feat of hosting more than 4 million users on its platform every month. All Events in City is the connecting bridge between users who are looking for events and the event promoters who are in search of their audience.
Here is a quick video explaining how you can host events and make the best out of the events happening around you.
|Ahmedabad Startup||Let's Recycle|
|Funding||INR 2 Mn|
|Investor||Aavishkaar Venture Capital|
Nepra Resources Management Pvt. Ltd.’s initiative 'Let’s Recycle' is the largest waste management solution in India. Let's Recycle is a dry waste management services provider.
It comprises a supply chain setup that connects waste generators and collectors to recyclers. When a user calls Let's Recycle, the latter collects dry waste, segregates it, and sends it to authorized recyclers. It charges users for collecting waste and offers services to corporates, industries, government bodies, hospitality, retail sectors, hospitals, townships, and individual households. Let's Recycle has received INR 2 million in funding from Aavishkaar, a social venture, in 2015.
|Ahmedabad Startup||White Panda|
|Industry||Writing and Editing|
White Panda is a content development platform that connects businesses in need of content with top-notch freelance writers. It's no secret that every company needs quality, concise, and informative content to enforce its online presence and engage with its customer base. White Panda provides high-quality articles within 5 business days.
Iba Halal Care
|Ahmedabad Startup||Iba Halal Care|
|Founder||Mauli Teli and Grishma Teli|
Iba Halal Care is another healthcare-oriented Ahmedabad startup. Iba Halal Care (Halal means lawful) is India’s first halal and vegan cosmetics brand. The startup uses vegetarian products to manufacture cosmetics.
It manufactures over 60 products like creams and lotions, face washes, shampoos, conditioners, hair oil, color cosmetics such as lipsticks and kajal, and exotic fragrances. Each one of its items is carefully developed to assure purity, safety, and efficacy. Iba Halal Care received a funding of $3 million from Addvantis Enterprises, a Bengaluru-based startup selling herbal cosmetics under the Vedaearth brand.
|Ahmedabad Startup||Ecolibrium Energy|
|Founder||Chintan Soni and Harit Soni|
|Investors||Infuse Ventures and JLL|
Ecolibrium sets up sensors in various parts of an assembly line in a factory while its cloud-based software system analyses the data to find power inefficiencies and recommends ways to plug them. This startup from Ahmedabad is targeting industrial firms as well as commercial entities such as hotels and malls. Ecolibrium Energy received a funding of $2.6 million (₹16.54 crore) from Infuse Ventures and JLL.
Invixium manufactures biometric products for industries. The system supports multi-factor authentication: fingerprints, cards, and pins. The devices can be connected to a computer with the help of Bluetooth or WIFI.
Invixium is known for a variety of biometric products such as IXM TITAN (which recognizes fingerprint, face, and finger vain), IXM TOUCH which is a fingerprint-based solution for a multitude of applications such as time & attendance tracking and access control, IXM MYCRO, and IXM SENSE 2. Invixium has received $4 million from McRock Capital, BDC.
|Ahmedabad Startup||Invent India|
Invent India is a startup in Ahmedabad that provides innovative designs and impactful products for its clients with a goal to co-create growth. Invent India has won numerous awards for its excellent services across industries. Some of Invent India's notable clients include industry titans such as Reliance, Godrej, Havells, and Kohler.
Tatvic Analytics is a leading digital analytics consulting company with core competencies in website analytics, mobile app analytics, and conversion rate optimization. Tatvic helps clients understand what their data is trying to say. With a team of experts guiding and consulting the clients, Tatvic strives to provide solutions for the various complexities that businesses face in data analytics.
|Founders||Dhruv Patel and Piyush Patel|
SalesHandy offers a sales communication and analytics tool that enables companies to enhance productivity. The SalesHandy team focuses on making life easier for sales executives/personnel and helps them simplify the sales process and funnel.
SalesHandy assists with email campaigns, document tracking, and analysis. You can try out its basic version for free. SalesHandy has worked with some of the most successful businesses in Ahmedabad as well as with international corporations such as Microsoft, Oracle, and Uber.
|Founders||Anthony Johnson, Daniel Johnson, Jared Worley, Joey Caroni|
Smartify provides professional home automation consultation services and helps procreate smart home experiences. It employs automation experts who test the compatibility of devices and ensure that they are best suited for your needs. Smartify provides services for homes, offices, hotels, and hospitals; right from lighting to security. It is working with companies such as Amazon, Philips, and Logitech to advance its products.
Love For Salad
|Ahmedabad Startup||Love For Salad|
|Founders||Ashish Vyas and Vidhya Rana|
Love For Salad is your destination for the best cooking tips and tricks to help you make a magnificent meal. Love For Salad's online store is geared towards the needs and wants of foodies and cooks. This startup from Ahmedabad strives for customer satisfaction by going above and beyond to meet the requirements of its customers. It also hosts blogs written by professionals who share their tips on various cuisines.
|Founders||Umang Kathiyara and Naitik Patel|
Praxinfo is one of the top IT companies in Ahmedabad that offers mobile and web application development services to customers across the globe. The developers working in the company have more than 12 years of industry experience.
Praxinfo offers services on Android App Development, Front end Development, Cloud Based Computing Solutions, SWIFT, Objective C, Java, C++, Cocoa, QT, OpenGL, Cocos2D, Box2D, PHP Frameworks, CMS, eCommerce Solution, Web Designing , Graphic Design, .NET, ASP.NET MVC, S , SQL Server 2008, Silverlight, and Quality Assurance
Hope these startups spur the creativity in you. If you know about any other Ahmedabad-based Startup or if you're one among, then do comment to get the startup listed here.
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