In the midst of the global epidemic, start-ups are thought to be the engine of India’s economic progress. India is taking steps to support startup ecosystems and uncover chances to invigorate digital innovation inside the Indian economy as the COVID-19-led lockdown is being lifted. It’s true that every crisis presents a wide range of difficulties before offering chances for transformation. Startups are adjusting to the new normal as a result of the quick uptake of technology. The good news is that MSMEs and startups are among the groups that adopt cutting-edge technological solutions the quickest. Tier II and Tier III cities have become a business powerhouse for Indian start-ups as a result of COVID-19. In order to delve deeper into the subject, we have put together a list of the top 5 start-ups that have made a substantial contribution to the Indian economy at the Tier 2 level:
PickMyWork: Based in Gurugram, Haryana PickMyWork is a job marketplace that offers Pay-per-task models to digital enterprises at extremely low cost of acquisition (CAC) to help them find end users, including shops, for their products. PickMyWork was formed in 2019 by three friends who are also its co-founders: Vidyarthi Baddireddy, Utsav Bhattacharjee, and Kajal Malik. The founders of PickMyWork, a pay-per-sale gig platform, saw an opportunity to provide Indian youth with the opportunity to earn commissions by completing delivery gigs for food delivery/hyperlocal apps such as Swiggy, Zomato, and Big Basket. The platform offered 3X earnings per hour of effort in comparison to delivery gigs, and this led to the creation of sales gigs.
Mykare Health: Mykare Health is constructing the biggest network of reputable, reasonably priced hospitals in India. With a network of more than 60 hospitals and 5,000 beds for overseas patients, Mykare has already helped more than 70,000 patients in more than 12 Indian cities. The company employs more than 60 team members. Mykare Health, which was established in 2021, is the fastest-growing full-stack elective surgery platform in India. It offers a range of minimally invasive elective and cosmetic operations, such as liposuction, lasik, hernias, piles, hair transplants, knee replacements, hip replacements, and IVF, among others.
Eduncle: A promising ed-tech firm called Eduncle has gamified its concept of teaching and learning such that educators, not trainees, are the ones who learn. Eduncle serves the undergraduate population, helping them get ready for college admission tests. They provide live seminars, video modules, printed materials, and online resources to assist students in getting ready at their own pace. Their 85,000-question database’s doubt-solving feature is gamified for instructors who receive coins (real money) for answering students’ problems. These tutors compete with one another to be the first to acknowledge a student’s hesitation and provide the appropriate response. Bonus coins have been awarded to the brand based on the difficulty level and response time for each query. Co-founder and chief operating officer of Eduncle Arpit Pareek claims that the company tags each question using a variety of matrices to maximize search results and performs data analytics on all questions from prior years to forecast potential questions for a particular year. You can be confident, though, that technology won’t replace the conventional classroom environment—rather, it will merely make learning easier and more enjoyable.
Practo: Practo, a major healthcare platform that links millions of people with thousands of healthcare professionals and facilitates better healthcare decision-making, is a health and wellness brand with its headquarters located in Bangalore. Patients can use it to schedule appointments, look at doctor profiles online, and receive chat-based teleconsultations. Practo is a platform that facilitates seamless communication between physicians and patients.
Class Plus: In 2018, Classplus was founded with the intention of embracing the future, which includes SaaS, online and hybrid learning, and a fully developed creative economy. The company has always worked to empower educators digitally in order to transform education. In essence, Classplus aids in the development and expansion of their online tutoring company. Additionally, instructors may produce, promote, and commercialize material through their own super-app, all while growing their student base both domestically and internationally. Moreover, the company has been successful in raising a total of $160 million in funding, including $70 million in Series D fundraising from well-known investors like Surge, GSV Ventures, Blume, Falcon Capital, RTP Global, and Chimera Ventures.
Truworth Wellness: “The top supplier of wellness programs and corporate employee health benefits in India, Truworth Wellness was founded in 2011. In addition to providing end-to-end programs for a variety of industries, including BFSI, IT services, manufacturing, media, and aviation, they also promote a culture of preventive wellness. Their technology-enabled solutions and flagship programs, such as Truwellness360, use gamification and socialization to engage users. Their state-of-the-art technological platform, dubbed “THE WELLNESS CORNER,” encourages lifestyle modifications and lowers insurance claims. With its extensive suite of tech-enabled services and solutions for insurance companies and corporate employers, Truworth Wellness remains at the forefront of the corporate workplace wellness sector. They use their flagship wellness engagement tool to assist identify and control health hazards within the community.
