Most tech companies are experiencing a boom amid the pandemic with increased reliance on the digital ecosystem and the need for intensifying the digital transformation journey. It can be said that it is a good time for startups in India, especially those who are in the fintech sector. Here we have discussed the top five booming tech startups in India
1. Rupeek
Rupeek is a Bangalore based company that was set up in 2015, The company aims to monetise gold amounting to $2 trillion in the country’s economy. The company works towards disrupting the gold loan disbursement process leveraging technology-enabled, asset-backed, low-risk financial products created in collaboration with financial institutions. The company is supported by industry leaders like Sequoia Capital, Bertelsmann and GGV Capital, among others. Rupeek currently serves over 1,00,000 customers across 25 cities and employs over 700 professionals.
2. DataBeat
The company leverages cutting-edge technology such as data analytics, machine learning, artificial intelligence to empower businesses to derive actionable insights from their vast data assets. The company was set up in 2017 and it is based in Hyderabad. The company has an amazing clientele including EY, Business Insider, DuPont, etc. The company employs 50 professionals at present.
3. ZestMoney
It is a Bangalore-based company offering a lending platform that facilitates equated monthly installments (EMI), irrespective of users’ credit score. Leveraging digital banking, artificial intelligence and mobile technology faster EMI payments is enabled to both online as well offline stores. The company was founded in 2015 and is supported by investors such as Ribbit Capital, PayU and others. ZestMoney currently employs 350 professionals.
4. Cashfree
It is a fintech company that is based in Bangalore. Cashfree offers finance related solutions to more than 50,000 businesses in India. The solutions span domains such as loan disbursements, vendor and wage payouts, payment collections, expense reimbursements, and more. It was in 2015, and currently employs over 200 professionals. The company has an impressive clientele such as Big Basket, Cred, Big Basket, Zomato, HDFC Ergo, Ixigo, and others.
5. AeoLogic
Aeologic is a tech company that offers solutions around app development, big data, testing and software development. All these solutions are enabled by cutting-edge technologies such as AI, blockchain, IoT, etc. The company was founded in 2015, and it currently employs over 100 people with brands such as Huawei, Paytm, SBI and Spicejet on its roster.