Punjab Startups | Entrepreneurs & Startups in Punjab [Exhaustive List]
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Innovators and bright minds from all across India are contributing to the entrepreneurial ecosystem and growth. The state of Punjab, known for its enterprising spirit is no exception in this, entrepreneurship wave has changed the environment in the state. Now, youth is no longer worried about the startup career option. They found startups and these are the startups that are growing rapidly in the state of Punjab.
Startup Punjab
Many entrepreneurs like the founders of Flipkart and Ola come from Punjab state educational system but chose Tier 1 cities to set up their startup. To change this situation Punjab government has started an initiative, Startup Punjab. Under this scheme Government of Punjab is promoting setting up of incubation centers, partnering with technical universities for a startup fund of Rs. 100 crore. The state is also encouraging private incubators and accelerators and provide them the necessary support.
Before proceeding, if you know any other startup investors in Punjab and Chandigarh, please let us know in the comment. We will connect with them to feature their startup on this list.
Also Read - If you are looking for a list of startups in Punjab, here is our exhaustive list of all recently funded startups in Punjab.
We have also covered startups in Hyderabad, Patna, and other major cities of India.
Jugnoo
PayMart
AgNext
uTrade Solutions
Zadd Bikes
Technocrats Horizons Compusoft
TickTalkTo
WizIQ
Stumania
Flambird
STATif
TrainerGenie
Frisklancer
Pumpkart
Enlte
Busibud
Yarn Store India
HumHain
FAQ
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Jugnoo
Founders: Chinmay Agarwal & Samar Singla
Industry: Logistics
Founding Year: 2014
Founded in 2014 by Chinmay Agarwal and Samar Singla, Jugnoo is India’s first auto-rickshaw aggregator to make the daily commute easy and reliable. It connects riders with auto-rickshaw with just a few clicks.
Jugnoo has recently started B2B delivery network 'Dodo Deliveries' which makes use of existing auto-rickshaws in the network to do deliveries in their idle time. They also deliver fresh fruits & vegetables and ready to eat meals.
With almost 10,00,000 transactions per month across 45+ cities, startup Jugnoo has raised $16 million in venture funding in three rounds from 7 investors. Their list of investors includes Paytm, Snow Leopard Ventures, Kunal Bahl, among others. You can read the interesting story of Jugnoo startup to know more about it.
PayMart
Founder: Amit Narang
Industry: Fintech
Founding Year: 2015
PayMart is a fintech company working on replacing ATMs with a network of merchants. Before 2 months the company announced the launch of India's first virtual ATM in partnership with ICICI bank. It is the first company to launch the service in India. With the PayMart app, users will be able to withdraw cash from any nearby shop without visiting Bank or ATM. Withdrawal platforms are UPI, SBI pay, SBI Buddy among others. This is one of the leading startup in the Punjab startup ecosystem.
PayMart is a Reserve Bank Regulated entity having a strong presence in Punjab, UP, Bihar, Delhi NCR, Haryana, and North East. This Chandigarh-based fintech startup was a finalist for National Startup Awards 2020.
AgNext
Founder: Taranjeet Singh Bhamra and Mringak Sharad
Industry: Agritech
Founding year: 2016
AgNext is a fast-growing agriculture startup in Punjab working towards revolutionizing agricultural technology to check food quality. The startup provides hardware, software, and analytics for quality estimation in agriculture and food.
Using data science AgNext has built up instant, accurate and portable technology to assess food. The company is accelerated by ICAR-NAARM (AgTech Incubator by ICAR, Govt. of India) Incubated at IIT Kharagpur.
Awards & Recognitions: Best Product - TIECON, Best Innovation - CII & ISRAEL AgTech, Emerging Startup - Associated Chamber of Commerce, Silicon Valley Tour - Action of India Israel, AgTech Tour - Tour of Israel.
uTrade Solutions
Founder: Kunal Nandwani and Ashish Grover
Industry: Fintech
Founding year: 2011
uTrdae Solutions is a fintech solutions firm enabling smarter trading through multi-asset trading platforms, latency algorithm trading & risk management for institutional investors and proprietary investors.
Products and services provided by uTrade Solutions are used by 50 global financial institutions and their end customer in over 10 countries. The company is awarded for, Innovation – Awarded by Accenture’s Fintech Innovation Lab Award in London; Most Innovative Idea of the year - Destination IT @ North Conclave, CII.
Zadd Bikes
Founder: Shubham Goyal and Ankit Bhardwaj
Industry: e-Bikes
Founding Year: 2017
Founders Shubham Goyal and Aniket Bhardwaj were determined to make commitment to sustainability and plunged into business of building e-Bikes. These fresh graduates from Chandigarh university made India's first electric utility bike. They are backed by Mr. Sumer Singla CEO of Jungle Works with a seed capital. Zadd launched Utility Mini in the year 2020 and ZADD fleet and ZADD X1 are on the way.
Technocrats Horizons Compusoft
Founder: Tarvinder Singh
Industry: Web Development
Founding Year: 2005
With a team of around 50 employees, Technocrats specializes in web design, web development, multimedia, open course customization, software development, etc. The company hires quality web developers and analysts so that they can provide the best software solutions to their clients.
Tarvinder Singh, founder, and CEO of the Technocrats Horizons has eight years’ experience in web technology and has used his knowledge and expertise in his startup. The company has survived 15 years in the market and claims to have served more than one thousand clients.
TickTalkTo
Founder: Abhay Singhal
Industry: Application
Founding Year: 2016
Abhay Singhal, the founder, and CEO of TickTalkTo aims to make meeting the psychologists normal and completely prejudice-free. The idea is to help people cope up with daily life stress and keep themselves mentally healthy because mental health affects a person’s physical health as well.
Through the app, the person can talk to a therapist on the phone. It helps people mentally, and they feel free of burden. Hence, they live a more healthy and happier life. It helps with day-to-day life issues and sticks to fundamental principles of psychology and keeps it completely confidential.
WizIQ
Founders: Harman Singh
Industry: eLearning
Founding Year: 2007
WizIQ, EdTech startup in Chandigarh is one of the world’s largest cloud-based education platforms. Over 400,000 educators have leveraged WizIQ to deliver learning services to 4 million+ learners across 200 countries.
WizIQ is an easy way to teach and train online. It’s a cloud-based learning delivery platform with a suite of integrated features like a virtual classroom, course builder, tests and assessments creation, reports, and analytics, eCommerce, and mobile learning. Â
WizIQ empowers instructors, education service providers, and corporates to deliver and manage live and self-paced learning with easy-to-use, scalable and cost-effective technology. By taking away the complexities of development and the burden of setup costs and server infrastructure, WizIQ allows educators to focus on what they know best – delivering impactful learning.
Ashwini
Stumania
Founders: Raghu Madan & Sahil Sharma
Industry: eLearning
Founding Year: 2017
Stumania is a 24x7 educational assistance portal founded by Raghu Madan and Sahil Sharma to widen the landscape of learning. Stumania provides access to learning material and content. It assists high school and college students with their daily requirements for books, study materials, and assignments. Also, students can get information about various colleges through their website. It also let us buy, rent or donate old books.
Flambird
Founder: Jagjit Jassal
Industry: Furniture
Founding Year: 2016
Flambird is a design and innovation enterprise based out of Ludhiana and is one of the leading startups in Ludhiana. Founded by Mr. Jagjit Jassal, a successful interior designer with a vision to bring in new innovative and user-friendly designs in furniture. Right from the design to manufacturing and marketing, everything is done in-house. Their primary focus is quality and excellence.
STATif
Founder: Dr. Deepti
Industry: Stats & Analytics
Founding Year: 2014
STATif is a stat-based firm. It helps you to study and understand your statistical data easily. The data is electronically and then manually analyzed to ensure the negligence of errors in it. All you have to do is to send your data to the company. Then the team will analyze all the data and send you when the work is done. You don't have to pay them in advance, but after you get satisfied.
STATif is founded by Dr. Deepti. She did her masters and Ph. D in Statistics from Punjab University. Before founding STATif in 2014, Deepti was working as an Assistant Professor in Punjab University.
TrainerGenie
Founder: Nitti Gaba
Industry: Marketplace
Founding Year: 2017
TrainerGenie is a platform that helps companies to hire the best corporate trainers. Although every big company has strong contacts and they can hire anyone easily, it's not the same for the new startups. So, for the people who are new in the industry, TrainerGenie helps them to find the best people to train the employees.
TrainerGenie was founded by Nitti Gaba in 2017. Nitti completed her studies in Sales & Marketing from IIM, Lucknow. Nitti worked as a Business manager before she started working on TrainerGenie.
Frisklancer
Founders: Anamika Frisk & Bikramvir Singh
Industry: Consultancy Services
Founding Year: 2014
Frisklancer is a Scientific Research and Development company and is one of the notable startups in Patiala. They have expertise in Hardware and software. The company provides services like research, consultation, idea implementation, industrial automation, etc.
Frisklancer was founded by Anamika Frisk in 2014. Bikramvir Singh joined Anamika in 2017 to help her taking the company to the next level. Frisklancer now has its offices in 5 cities of India including Bangalore, Delhi, and Kolkata. Along with that, they also have their branch in Canada.
Pumpkart
Founder: K S Bhatia
Industry: eCommerce
Founding Year: 2014
Pumpkart, a startup in Chandigarh is India’s leading online marketplace for water pumps. It is a one-stop destination for all categories of pumps like agricultural, residential, or commercial purposes. Founded by K S Bhatia to make the Indian water pump industry organized which is a highly unorganized sector so far.
It has a direct association with almost 200 manufactures and 1000 dealers pan India and maintains physical inventory for products. Pumpkart has also opened its exclusive outlet called Pumpkart.com touch in Chandigarh, and it plans to open 100 such stores in the next four years.
Enlte
Founder: Anupam Sharma
Industry: Application
Founding Year: 2015
Enlte is a decentralized blockchain-based system to solve real-life problems without going through a procedure of centralized government or an organization. In other words, it is for the social cause and betterment of humanity.
Founded by Mr. Anupam Sharma, in 2014 with a vision to change the meaning of social network from being connected to socially enlightened. Through this app, one can broadcast his or her lousy experience immediately with all the people in a 1 km radius of the place where the victim is present, asking them to support & solve the issue.
Yash Gupta
Busibud
Founders: Vikram Saini and Maxim Gorky Saini
Industry: Software
Founding Year: 2015
Busibud, a startup in Chandigarh offers customer acquisition solutions by helping other platforms understand user behavior and acquire them. They provide various features like live chat, powerful email, intelligence-based messaging, analytics, visitor activity tracking, etc.
Their products help in customer acquisition & engagement and make customer communication super easy & powerful. Busibud also enables you to reach back to your customers with personalized communication immediately.
Ashwini
Yarn Store India
Industry: Textile
Founding Year: 1988
Yarn Store India sells, manufactures, and supplies wool, polyester, wool waste, greasy wool, and many other forms of wool. The yarn has a huge market in the country, and hence making the idea unique to the state of Punjab. It has been found most startups nowadays focus on the restaurant, hospitality, but not on manufacturing something that will help make clothing. Hence, the potential for the store to grow is tremendous.
HumHain
Founder: Milind Kwatra
Industry: Online Delivery Application
Founding Year: 2015
HUMhain is a hyperlocal delivery app operating in major cities of Punjab. It caters to thousands of people every day by providing on-demand pickup and delivery services of goods and essentials at marginal delivery charges.
HUMhain promises quick and hygienic delivery within 45 minutes in major cities of Punjab like Jalandhar, Ludhiana, Amritsar, and Chandigarh. With the sharing economy becoming a reality, HUMhain through its data-centric approach is providing essential last-mile deliveries and concierge services to the people of Punjab.
Ashwini
This is our list of successful startups and entrepreneurs in Punjab. Hope this list of startups in Punjab helps you have a business idea that you can start.
Waypals
Founder: Sukhvinder Singh Lamba
Industry: Connected Vehicle Service
Founding Year: 2015
Waypals is a software company that provides connected vehicle services. Based in New Delhi, India this company started its journey in 2015 and is serving its customer. It is very easy to use, one just has to plug their device into the vehicle and it is good to go. There are lots of features, which include location intelligent services, car data analytics, and Social networking.
Subhe
Founder: Jagrit Gupta
Industry: Skill Development Platform
Founding Year: 2018
This is basically an online skill development platform where one can various skills with the help of video tutorials and training courses, provided by the platform. Jagrit Gupta founded the platform in 2018 and the headquarters is situated in New Delhi, India. The best feature of this platform is that the courses that one can learn from here are taught in different Indian languages for everyone to understand. Different types of in-demand skills are taught by industry experts to the users.
CampusDunia
Founder: Manik Soodan
Industry: EdTech
Founding Year: 2016
CampusDunia is basically an app and a web portal where users can search for the best colleges and other educational institutes. From coaching institutes to career counseling centers, one can find it here. Apart from that, CampusDunia also helps students to get no-cost EMI loans for their educational purposes. The headquarters is situated in Mohali, Punjab, India. Various facilities are available for the students here, such as they can pay their online tuition fee in installment as well. Â
CashOverFlow
Founder: Pardeep Goyal
Industry: Content Developer
Founding Year: 2015
CashOverFlow was founded by Pardeep Goyal in 2015, it is a financial literacy blog and is a business that creates content on a wide range of topics like business, health, and fitness, beauty and lifestyle, finance, and educates people about them. CashOverFlow focuses on growing business through content writing. The headquarters is situated in Chandigarh, India.
Premind Solutions
Founder: Vivek Sharma
Industry: Web Development
Founding Year: 2016
Premind Solutions is a company that provides IT solutions. It mostly specializes in software development, web development, app development and deals with any kind of hardware and software platform. The headquarters is situated in Mohali of Punjab, India.
FAQ
Is investing in startups a good idea?
It is a good idea to invest in startups when one has the appetite and the capacity for the high risk involved. An investor with a mission to give first, help founders, and build a business will win this game. But one can invest in startups that can give unparalleled returns you hope for if they work out.
What are startup investors called?
An angel investor (also known as a private investor, seed investor or angel funder) is a high net worth individual who provides financial backing for small startups or entrepreneurs, typically in exchange for ownership equity in the company.
What are Wealthy Investors called?
Business Angels are wealthy individuals looking to invest in small companies. Think of them as friends and family you have yet to meet. They normally invest for one or more of these reasons: financial – to make more money by backing the right business.
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