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September11,201508:53IST
Industryestimatesarethatabout80percentofthecompaniesthatare
registeredareessentiallynonIT.
Startupshavemostlybeensynonymouswith
technologybutthetrendseemstobechanging.
Expertssayentrepreneursareexploringother
sectorssuchashealthcare,renewableenergy,
aeronautics,foodandbeveragesservicesand
agriculture,amongothers.
AccordingtotechindustryassociationNasscom,
till2014around3,500informationtechnology(IT)startupscameupinIndia,afigure
projectedtoriseto12,000by2020.
Latestfromrediff.com
Top7basicsof
retirement
planning
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ofRakeshMaria
Thisisasmallportionofthetotaluniverseofnewcompaniesregisteredlastyear.Datafrom
thecorporateaffairsministrysuggeststhataround100,000newfirmswereregisteredin2014.
Industryestimatesarethatabout80percentofthecompaniesthatareregisteredare
India'sbest
schoolsof2015
essentiallynonIT.
Whilesomeofthesearetraditionalbrickandmortar,manyareinnovativeproductsandideas
tryingtoelbowtheirwaytothetop.
Amongthestartups,around30percentareautomobilepartcompanies,2025percent
pharmaceuticalandlifesciencesentities,other2025percentcompositematerialfirms,which
makeanythingfrompetroltanksonmobikestowearabledevices,anindustryanalystsaid.
"Apartfromthe3,500ITcompanies,therestwereeitherproductbasedcompaniesorprovide
services.ApartoftheiroperationsmightrelyonITaseveryonehasawebsite,apporboth,but
theircorebusinesshadnothingtodowithIT,"saidRajivBanduni,chiefexecutiveof
GrowthEnabler,astartupgroomingcompany.
Remembering
United93:
Memorialopens
14yearsafter9/11
attacks
Copsfind
threateninge
mailssentby
IndranitoSheena
Mentorssaytheshiftstartedsometwoyearsago."Tillabouttwoyearsback,80percentofthe
startupsinIndiawereITbased.Now,thenumberofnonITstartupshasgoneupbyabout
40percent.Innovationbasedstartupsinareassuchashealthcare,automotive,aerospaceare
nowcomingupinabigway,"saidJagatShah,chiefmentorofMentoronRoadProgrammer
Can'truleout
callingVadrafor
statement:
JusticeDhingra
thataimstoempowerstartups.
HesaidmoreentrepreneursarenowlookingbeyondITasfindingseedfundinginother
sectorshasbecomeeasier.
Meatbanfever
spreadsacross3
states
"Investormindsetischanging.Mosthaverealisedputtingmoneyinonesectorisnotwise.So,
theyareopeninguptheircofferstothesestartups."
http://www.rediff.com/business/report/specialindiasstartupworldboomswith100000newfirmsin2014/20150911.htm
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Healthcarestartupsforonehavecomeupinabigway.ChennaibasedSwagenethatoffers
geneticdiagnosticsforhealthcaretreatmentoutcomesisonesuchcompany.
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Infact,italsothewinnerofthisyear'sContest2015,aninternationalcompetitionforstartups
runbystudentsofBirlaInstituteofTechnology&Science,Pilani,inpartnershipwithDCB
Bank.
Notsurprisingly,thefounderhadoriginallythoughtofopeninganITbasedcompany."Idid
originallythinkofopeninganITstartupbutrealisedthatIshoulddosomethingthatwas
relatedtobiotechnology,mycoreexpertise.ThehealthcaresectorisfastcomingupinIndia.
Therehasbeenariseinthenumberofnichehospitals,butmorecouldbedoneasfaras
deliveryofhealthcareservicesisconcernedandreachingtoruralIndia.Healthcarestartups
canbridgethatgap,"saidSoorajRatnakumar,founderandscientist,Swagene.
Somestartupsarecombininginnovativeconceptswithdoingsocietalgood."Whilethereisa
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companythatistryingtoproviderefrigeratorsforvillagesusingrenewableenergy,another
startupistryingtosetupcleandrinkingwaterkiosksthroughoutthecountry.So,therearea
lotmanycompaniestryingtodosomethingdifferent,yetbenefitthesociety,"Banduniof
GrowthEnablersaid.
WithPrimeMinisterNarendraModisettinganambitioustargetof100Gwsolarand60Gw
windpowertargetsforIndiaby2022,startupsinthefieldofgreenenergyhavealsogota
boost.
OnestartupthathasmadeexpertstakenoticeisLongmanSuntechfromMumbai.
Itsetsupsolarpowerplantsforconsumersontheirrooftopswithoutcharginganyinstallation
costupfront.Consumersthenbuythesolarpowerattariffslowerthanwhattheywouldpay
forpowerfromthegrid.
However,SujithThannikkatt,oneofthefoundersofthecompany,saidstartingsuchaventure
isnoeasytask."Thesearenotcompaniesthatyoucanstartinagarage.Wefaceproblemssuch
asprocurement,logisticsandittakesalotmoretopersuadeinvestors."
INDIASHINING
100,000Newfirmsregisteredin2014
80%essentiallynonIT
Amongstartups
30%automobilepartcompanies
2025%pharmaceuticalandlifesciencesentities
2025%compositematerialfirmsResteitherproductbasedcompaniesorservice
providers
Till2014:Around3,500ITstartupscameup
By2020:ITstartupstoriseto12,000
Source:Nasscom,Corporateaffairsministry,Industryestimates
KaranChoudhuryinNewDelhi
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