startup sectors to watch out for in 2016
TRANSCRIPT
Startup Sectors to watch out for in 2016Ashish Mittal
Angel Investor and Startup [email protected] /@ashishmitt
Watch out….
Internet of Things
Software as a Service (SaaS)
Marketplace Lending
Education
Healthcare
Internet of Things
● IoT enables objects to collect data and transmit it over the internet
● According to Nasscom, in five years, the global opportunity is likely to
touch $ 300 billion and the Indian IoT market itself could be about $ 15
billion.
● Notable Startups include Savari Networks, SenseGiz, Connavate, GoQii,
GreyOrange, iBot, Nimble Wireless, Sylvian, Stellaps and Systemantics
Software as a Service (SaaS)
● SaaS has gone on to encompass a wide range of functions and global
SaaS companies
● According to Tracxn over $650 million has been invested with more than
$200 million being invested in 2014 alone.
● Startups in this space are making waves across the globe and companies
like Freshdesk, Druva, Capillary Technologies, Practo, Exotel, Wingify and
RateGain and TurningCloud among others is leading the charge
Marketplace Lending
● Born from the ashes of the financial crisis in 2009 and the widespread
mistrust of the established banking channels, alternative finance platforms
have become much bigger than anyone could have imagined.
● According to Tracxn about $ 27 million has been invested across
alternative lending companies in just the last 18 months and there are
about 30 companies across P2P Lending & SME Lending verticals.
● Startups like Faircent, Capital Float, Ledingkart, RangDe and Milaap have
done a good job in the segment.
Education
● India’s educational gaps are well known and the opportunities it provides for
private participation is well chronicled. Startups have managed to create a
niche around Education Technology .
● IBEF’s sectoral outlook for the sector, says the country has more than 1.4
million schools with over 227 million students enrolled
● Startups like FutureVidya, EduProApp , EduKart, Toppr, iProf, Meritnation and
Simplllearn are doing a stellar job in addressing problems in the education
space.
Healthcare
● Given the enormity of the challenges in the healthcare space, it is obvious the
government alone cannot be tasked with solving India healthcare needs.
● For startup ventures in telemedicine, mHealth and platforms that are asset
light, easily scalable and based on technology, have been the favourite
● Practo, Portea and Lybrate are great examples of it. On the innovation count,
startups like Embrace that have developed technologies to help combat
maternal and infant mortality in India