Start-ups in India are booming, unlike they were one in ten, a couple of decades back. Back then, when someone decided to put in the effort to bring out their innovative work to make money, they preferred to start a business and were jubilant in that way. But in recent days, with the aid of social media and creative elements across various fields, the start-ups have been transformed into a multi-dimensional business module where one can operate their business from anywhere around the world.
For instance, in the past 5 to 10 years, we could see the leaps and bounds of many socially operated businesses in India, right from online food delivery options to doorstep cab facilities to reach whenever and wherever one wishes to travel. While the circumstance wide opens the business options, each should be mindful of the business type he/she wishes to. Because one foot in the wrong business hole can end a career worse, and it would take multiple years to come out of that pit.
So, what is the best start-up choice? How to choose a business possibility that meets and fulfils our dreams and demands. And how to play safely in these new start-up options? What are all the steps to be taken before beginning an innovative start-up? In response to these affirmations, we have identified the 5 best growth start-ups to watch out for in 2022.
The Indian startup ecosystem is booming with these top tech startups
- Dunzo
- Udaan
- Byju’s
- Zest Money
- Agnikul Cosmos
- Cure
- Razorpay
- Qure.ai
Remote Healthcare
Healthcare is a significant sector that has not been in the mainstream & played mediocre roles all these years in the start-up sector. But with the services to be focused on 2020, the remote healthcare sector is going to be inundated with checking the health of individuals and elderly people pre- and post-process.
Despite an easy task at hospitals, in reality, it becomes heavily tricky once a patient has moved out of the hospital. Adding to the availability of such services, data shows that chronic diseases account for more than 75% of healthcare-related costs. Therefore, there is an emerging need for devices that can look after and report an individual’s health in real-time to reduce response time and eliminate the process of constant check-ups.
Remote healthcare collaborates with the implementation of such solutions using modern technologies. Some of the renowned start-ups in remote healthcare sectors are Pager, Doctor on Demand, and MD Live.
Retail distribution and supply chain
Planning (Logistics) & supply chain are probably one of the most demanding and potentially very important processes when innovating or setting up a new business. In addition to the challenge of constantly changing customer expectations, from monthly home delivery to delivery within a week, and instant product delivery, the customers have evolved with the product consumption unit.
Along with retail distribution in India, it makes nearly 10% of the total GDP, especially in the core sector. Segregating and delivering a product takes longer to streamline, but if not managed well, it may cause the customer to lose interest in a product/company. A standard retail distribution and supply chain management using these technologies is a strong value differentiator in the upcoming years. Most of the start-ups are all set to take advantage of this demand in the Indian market.
Learning and education methodologies
We are living in an era where learning, whether at the school level or in the job market, is never complete and is no longer limited to traditional classroom methods. Because traditional education methodologies allow one to be in a place for a long time, to focus entirely. But the modern education method has a solution for this.
In recent days, each of us is looking to uplift our skills in some field or sector, but in this process, access to quality education can always be restricted by a couple of factors, such as finances or access. This has resulted in the rise of platforms that can give the basic and mandatory education from a student’s betterment perspective.
Therefore, learning with education methodologies today is a lasting sector where a company provides material through easily understandable formats like video, text, audio, and animation for students across all levels that teach them diverse subjects and skills for upcoming jobs, right from the comfort of their home and earn lakhs.
In recent data, more than 45% of students have subscribed to online educational classes in India. Byju is one such well-known company in India that has made a substantial impact in the education market, where it has reached a paramount position to be the official sponsor of the Indian Cricket Team – BCCI.
Content consumption behaviour
Whether you have a top-notch product to sell or a mediocre product in your hand, the one pivotal understanding to have is the content consumption behaviour of the target audience.
In fact, you may have an innovatively designed product, but from a business perspective, there is no use for it if the customers are not aware of its existence in the market or feel the need for the product. It is the responsibility of a brand to persuade its audience to choose its product when there are so many other products available within the demographic boundary.
A brand’s reach and presence to its customers is one of the most crucial factors in determining sales growth. Corporations spend a lot of their resources on ideating the best campaign to reach their target audience in a short time, but they are not aware of the best ways to project the products’ presence.
Content consumption behaviour is a type of service that helps identify the most effective platforms, which a corporation can also use to reach its target audience. In 2020, with the rise of new businesses, especially in the digital medium, there will also be the emergence of start-ups that can conduct content consumption behaviour analytics and supply these start-ups with much better insightful solutions. Some of the few start-ups that are already in this consumer content consumption behaviour are Pattern Sense, DDMR and Connections, which have displayed their credibility in this field.
Workspace as a Service
Those days are gone of buying lockable spaces for work, investing resources in the moderate spaces, and then constructing great-looking offices from scratch. In the constantly changing landscape of corporate India, the need for well-designed start-ups and cutting-edge technologies is also undergoing rapid changes. This need is providing access to many services, such as human resources, content, design, infrastructure, and other support services.
The unique styled co-working spaces and inspirational hubs are emerging in 2020 as new tech working spaces. We’re a start-up, and established corporations will not only be able to plug and play in terms of infrastructure but will also receive an environment to collaborate, learn with other sector employees, and co-build companies using the team’s shared resources. This will pay hugely in the benefits with aspects like work-life balance, wellness, health, connecting various communities in a single place, mentorship, uplifting skills, and so much more.
These co-working spaces let employees feel at home and allow them to work comfortably, resulting in better productivity, creative outputs, quality work, timely delivery of outputs, a knowledge-sharing mindset, and other collaborative attitudes among employees.