Imagine being able to control the lighting of your room, your TV, washing machines, and fridge, and locking and unlocking doors too with the help of your smartphone. Technology is moving at a very fast rate and the internet of things also known as IoT is connecting more and more devices than ever before.
Amazon’s Alexa, Google Assistant, and Apple’s Siri are already a part of IoT. Tech startups and established enterprises are linking devices to operate together making it user-friendly.
Connecting every machine to the internet is what IoT stands for. Predictions show IoT revenue in India will reach $1,527.00 million by 2027 with an annual growth rate of 10.14% (CAGR 2022-2027). In global comparison, in 2022 US will generate most of the revenue, i.e., $4,761.00 million. According to a Zinnov report, India's IoT investments are projected to reach $436 billion by 2026. Intel, Texas Instruments, Telit, Gemalto, Infosys, IBM, and Wipro are the major contributors in this field. "The future is already here. It's just not evenly distributed".
Most of the revenue is from Smart Home Technologies, and the rest is from Finance Technologies. With more than 100 smart cities and digitization campaigns by the Government of India, there is a gargantuan requirement for ubiquitous connectivity to enable seamless communication between machine-to-machine (M2M) and machines to humans.
It will be a dream come true for Indians when your home knows you’re not there, locks your doors, and sends you a message to let you know. We are very close to a world where a smartphone is ready to make our life easier. In this article, we are going to talk about the top IoT startups in India.
- AerX Labs
- TerraBlue XT
- Detect Technologies
|Founder||Ranjith Mukundan and Venkatesh Seshasayee|
With a revolutionary idea of offering end-to-end dairy technology solutions, this Bengaluru-based Stellapps was founded by two IITians – Ranjith Mukundan and Venkatesh Seshasayee in 2011 and incubated by IIT Madras. The startup develops and acquires comprehensive farm optimization and monitoring support solutions to assist dairy farmers and cooperatives to maximize revenues with the least amount of work. Stellapps had even managed to raise funding from Blume Ventures, Flipkart, and Venture Highway. They have successfully set up the world’s largest community milking parlor.
|Founder||Amarjeet Singh, Rahul Bhalla, and Vishal Bansal|
Machine Learning course becomes very handy if one wants to enter the field of AI and IoT. Using advanced ML models, Zenatix provides awesome energy savings for huge commercial consumers of electricity. This Delhi-based startup was founded by Amarjeet Singh, Rahul Bhalla, and Vishal Bansal in 2013. The startup's offerings include Wattman and Wattman Lite which helps to reduce 30% of electricity consumption. Zenatix had raised about $1Mn Pre-Series A funding led by Pi Ventures.
|Founder||Mahesh Lingareddy, Narsi Reddy Posham, and Rohit Rathi|
Smartron was founded by Mahesh Lingareddy, ex-Intel and co-founder of Silicon Valley startup Soft Machines, along with Narsi Reddy and Rohit Rathi in 2014. The startup provides an intelligent connected platform TronX that offers high-level customized experiences, services, and care through internet-connected smart devices. TronX allows you to converse and control the normal gadgets at home like TV, AC, fridge, and even doors and windows get controlled with gestures, touch, and voice. Sachin Tendulkar is the brand ambassador of the startup.
|Founder||Rohan Vadgaonkar, Pushkar Limaye, Urmil Shah, and Prathamesh Joshi|
CarShop (previously Carsense) is on the list of the top IoT-based startups in India with the idea to offer car diagnostic solutions. It is a Mumbai-based startup earlier known as Carnot, founded by 4 IITians Rohan Vadgaonkar, Pushkar Limaye, Urmil Shah, and Prathamesh Joshi in 2015. The startup is deciding to enter into the space of car security by working on GPS, accelerometer, gyroscope, and Bluetooth. It plugs into the OBD Port, while its easy-to-use software app ensures that the electronic systems inside a user’s car (in modern cars, everything comes under electronic systems) are in working order. Once integrated into the system, it can be used to monitor the car to ensure its safety, send alert signals in case repairs are required, give insights into the car’s fuel economy, and more.
|Founder||Sumit Rishi, Kartavya Mohan Gupta and Priyank Sharma|
With a concept to modernize the avionics sector, this Bengaluru-based startup makes professional-grade certifiable simulators for airlines, flight schools, universities, and corporates. Backed by Intel India and Bosch India, the founders of this company – Sumit, Kartavya, and Priyank are now working on assessing the risk behaviors for pilot training.
The only sector that needs to be fully integrated with modern technology is the medical/health sector. All the dangerous diseases like Cancer are curable just because of the modern solutions. Rajlakshmi Borthakur founded TerraBlue XT which connects patients, caregivers, doctors, and hospitals with a common thread. Backed by the Government of India’s Department of BioTech, the Karnataka government’s Dept. of ITBT, neDFI, birac, and the IIM Ahmedabad Entrepreneurship Cell, the startup is all set to disrupt the Indian IoT sector.
CavyIoT is a company that provides IoT services that helps you in connecting your device to the cloud. With the help of the company's services, one can manage their IoT devices from anywhere. CavyIoT was founded in the year 2019 by Vilas Khade and the headquarters is situated in Akola, Maharashtra, India.
|Founder||Krishnamoorthi Rangasamy, Prabhu Ramachandran, Rajavel
Subramanian and Yogendra Babu
|Headquarters||Greater Atlanta Area, United States|
Facilio is a management software that takes the help of IoT to manage any kind of building maintenance and operations. This company helps real estate owners and operators to control and manage building operations from one place with the help of this system. The startup was founded in the year 2017 and since then has been serving as one of the most popular systems that manage real estate operations.
|Founder||Derick Jose, Krishnan Raman and Srikanth Muralidhara|
|Headquarters||Houston, United States|
This AI-focused company whose main aim is to improve two objectives of a business and that is Asset Uptime and Operational efficiency. The company has chosen the service of IoT to manage machinery manufacturing in the heavy engineering industry. The company was founded in the year 2012. With the help of the IoT system, Flutura is on its way to becoming the No. 1 IoT platform for industrial companies that are powering new business models.
|Founder||Daniel Raj David, Harikrishnan Arangali Shaji, Karthik
Rajasekaran and Tarun Mishra
Detect Technologies is a popular and leading AI-based SaaS company that provides IoT technology to increase industrial productivity. The company was founded in the year 2016. The company also includes the services of asset monitoring, predictive maintenance, and other AI solutions. It deals with the sectors of construction, steel, metals, and chemicals. It serves different fortune 500 companies.
IoT is taking over the world and India is no different. Companies and organizations from different sectors are transforming with the help of IoT. With time, the potential of IoT will be limitless, and it will help connect globally. In the future, we will be surrounded by smart cities where IoT will play an important role.
What is IoT technology?
The Internet of Things (IoT) is the concept of connecting any device to the Internet and other connected devices. The IoT is a giant network of connected things and people all of which collect and share data about the way they are used and about the environment around them.
How is the Internet of things used?
The Internet of Things (IoT), also sometimes referred to as the Internet of Everything (IoE), consists of all the web-enabled devices that collect, send and act on data they acquire from their surrounding environments using embedded sensors, processors, and communication hardware.
Where is IoT used?
IoT devices can be used to monitor and control the mechanical, electrical, and electronic systems used in various types of buildings (e.g., public and private, industrial, institutional, or residential) in home automation and building automation systems.
What is the future of IoT in India?
As per a joint report by FICCI and Ernst & Young, the APAC region is forecasted to become the largest global IoT region in terms of both connections and revenue by 2025 with India expected to have 5 billion connected devices by 2022.