Top 10 Most Innovative Startups in Chennai 2022
In the last few years, Chennai, the capital of Tamil Nadu, has seen a remarkable rise in the startup culture. The Tamil Nadu government continues to encourage the development of a startup ecosystem in the state. As a result, the number of startups in Chennai has exploded, making it India’s fourth most active startup environment. Because of the presence of Special Economic Zones (SEZ), the regulations governing business and commerce in such areas differ. 55 such zones are operating in Tamil Nadu at the moment, 18 of which are in Chennai.
The city’s inexpensive cost of living makes it the most attractive location for new businesses. Chennai’s consumer prices and rent are 54% less expensive than Mumbai, while life in Delhi and Bengaluru is 18% and 13% more expensive than the Tamil Nadu capital, respectively. While the environment is conducive to business, the city’s infrastructure is still lagging. However, in recent years, it has been more open to high-end facilities and research spaces.
The city that started as a successful ground for automotive startups is slowly progressing into a SaaS hub, attracting entrepreneurs from a broad spectrum of industries, including manufacturing and engineering. The availability of a competitive but hassle-free climate is what makes Chennai the trendiest market for startup entrepreneurs. Chennai is home to some of India’s most talented and accomplished people. Several startups have dug their heels in Chennai in recent years planning to influence the startup ecosystem’s future.
For long years, Chennai has been identified as an automotive and industrial city, and in recent years, it has arisen as a hotbed for SaaS (Software as a Service) businesses, with successful startups like Zoho, Chargebee, Kissflow, and others. Despite its stature as an undervalued area due to a lack of experienced investors and entrepreneurs, the city has gained a lot of attention in recent years for launching internet startups like Freshdesk and Indix, which have established themselves in international marketplaces.
Several angel investors with large pockets are prepared to invest in new concepts, therefore funding does not seem to be an issue anymore. With the government of Tamil Nadu’s recent statement signifying that investments worth Rs 45,000 crore are in the pipeline, the lack of startup policies in Tamil Nadu, which had previously been a cause of concern for ambitious entrepreneurs, seems to have found a solution.
Apart from SaaS, Chennai is home to a slew of prominent deep tech, FinTech, EdTech, and consumer tech businesses. The Startup & Innovation policy 2018-2023 of the Tamil Nadu state government wants to generate at least 5000 technological startups and partner with educational institutions to encourage the entrepreneurial spirit at the same time also reducing existing regulatory and tax burdens on entrepreneurs.
Finance Minister Palanivel Thiyaga Rajan has allocated Rs 50 crore to the Emerging Sector Seed Fund to make equity investments in Tamil Nadu-based startups and leverage funds from institutional investors to build a favourable startup ecosystem. He went on to state that the Tamil Nadu Industrial Development Corporation (TIDCO) would spend Rs 75 crore to build an iconic State Startup Hub in Chennai. Understandably, the startup sector is vibrant, as budding entrepreneurs will receive assistance.
These are the Most Innovative startups in Chennai in 2022.
1. Findbhk.com
Findbhk.com , the Chennai based portal for property buyers and renters to connect with owners and builders directly.
Findbhk hosts around 1000+ active properties on their platform and it is absolutely free for sellers to advertise their properties and buyers can contact any number of sellers for free there is no limit on the enquiries .
Unlike other existing portals findbhk works in a unique concept of Site visit model with builders , they provide complete pre-sales support right from lead generation to site visit.
Though the name ends with BHK , findbhk witnessing more searches for plots in Chennai followed by flats for sale in Velachery , Perungudi and Thoraipakkam.
2. Vivitri Capital
Legal Name- Vivitri Capital Pvt. Ltd.
Sector- Financial Technology and Marketplace
Products & Services- Financial Services
Founders- Vineeth Sukumar and Gaurav Kumar
Date Of Starting- 2017
Geographical Range- India
Company Stage- Series C
Number of Investors- 27
Key Investors- Punjab National Bank, Indian Bank, Lightrock and Franklin Templeton Investments
Funding Rounds- 11
Total Funding Amount- $ 163 Million
Valuation- $ 234 Million
Vivriti Capital, situated in Chennai, is India’s first tech-enabled platform that connects capital market investors with institutions, small businesses, and people. Corporates, SMEs, and individuals can use this platform to get debt finance. Loans, receivables finance, working capital, structured debt, and capital market instruments are among the financial products available to consumers. The startup also offers seminars, blogs, and expert advice to help with loan decisions.
Vivriti Capital was founded to build a valuable financial services platform that would serve a client base comprising financial institutions, corporations, small businesses, and individuals that lacked efficient access to financial services. Data analytics are used by the startup to evaluate the client’s needs and build an appropriate product that is delivered to the client’s door.
Debt investors (asset managers, banks, NBFCs, insurance companies, pension funds, and private wealth) are served by an intelligent system that matches the right deal to the right investor, builds an exhaustive repository of highly relevant public and private data for the investor, and supports post-deal credit, compliance, and accounting requirements. The startup is a regulated, non-deposit-taking, non-banking financial corporation that is registered with the RBI.
The startups’ founding team has more than five decades of expertise in lending, investment banking, structured finance, and asset management, and they are passionate about innovation and the use of technology to spread financial services in India. The team has already reviewed over 500 retail lending organisations in India and internationally, created underwriting frameworks for various forms of retail lending in India, and used capital markets to further financial inclusion in the country.
The startup is a platform that caters to small and medium-sized businesses (SMEs) that lack adequate access to financial services. Financial institutions, corporations, and small businesses are among the company’s clients. Vivriti uses data analytics to figure out what customers want and then creates goods to meet those needs. Vivriti Capital is used by banks, insurance companies, NBFCs, pension funds, and other debt investors because it provides them with an intelligent system that targets investors. It is a one-stop-shop for all of its target clientele’s debt needs.
3. Zepto
Legal Name- Kiranakart Technologies Pvt. Ltd.
Sector- Consumer Services
Products & Services- Grocery Delivery
Founders- Kaivalya Vohra and Aadit Palicha
Date Of Starting- 2021
Geographical Range- India
Company Stage- Series C
Number of Investors- 11
Key Investors- Nexus Venture Partners, Y Combinator, Breyer Capital and Global Founders Capital
Funding Rounds- 4
Total Funding Amount- $ 161 Million
Valuation- $ 570 Million
Chennai-based Zepto, founded in June 2021 by two 19-year-olds, claims to be constantly delivering food and basics in 10 minutes by a mix of technical and operational excellence through its optimised network of ‘dark stores’ or micro-warehouses. The startups’ founders believe that quick e-commerce is about to change the way people shop all around the world. With the exponential growth and best-in-class execution, Zepto has established itself as a market leader in India.
The startup is an app-based platform that provides on-demand grocery delivery. Users may order food, groceries, drinks, beauty and wellness goods, and home and household basics through the app. The app is available for Android and iOS devices. The startup claims to be able to deliver within 10 minutes of placing an order. Bengaluru, Mumbai, Chennai, Hyderabad, Pune, Gurugram, Noida, and Delhi are among the cities where it operates.
Zepto, a startup founded by Aadit Palicha and Kaivalya Vohra, claims to deliver groceries in 10 minutes. In 2021, it worked with 86 dark store owners in 13 cities to process over one million orders. To fulfil orders on time, Zepto employs its network of ‘cloud shops’ or micro-warehouses, which it owns. By the end of 2022, it hopes to have 100 dark businesses open, serving roughly 100 pin codes.
Zepto is one of India’s most rapidly expanding startups. It has received $160 million from prominent Silicon Valley and Indian investors just six months after launching. Aadit Palicha and Kaivalya Vohra, co-founders of the startup, dropped out of Stanford University to start Zepto in India. Senior executives from Uber, Flipkart, Dream11, Pepperfry, and Pharmeasy have also joined them to form an extraordinarily strong team.
The startups’ ability to reliably offer 2,500+ products in under 10 minutes is what makes Zepto so special. Every aspect of the startup revolves around its commitment to the clients, which is the reason it has developed so quickly while maintaining such high levels of client satisfaction. Zepto’s goal is to make 10-minute delivery the new standard.
4. Disprz
Legal Name- Heuristic Digital Technologies LLC
Sector- Education Technology
Products & Services- E-learning Services
Founders- Kuljit Chadha, Krishnamurthy Vijayan, Subramaniam Vishwanathan and Deepa Kaval
Date Of Starting- 2015
Geographical Range-
Company Stage- Series B
Number of Investors- 29
Key Investors- Innoven Capital, IIML, Kotak Mahindra Bank and Venture Out
Funding Rounds- 8
Total Funding Amount- $ 21.5 Million
Valuation- $ 62.9 Million
Disprz is a multilingual app that provides a complete learning management system. It provides learning management and engagement software that is hosted in the cloud. Employee progress monitoring, behavioural skills, employee analytics, employee engagement, workplace interactions, and other elements are included in the offering, which is an AI-based skill & career acceleration solution. Manufacturing, logistics, construction, financial services, and other industries are among the services provided by the startup.
Disprz is a Chennai-based startup that helps companies onboard and engages employees, boost productivity, and keep staff learning online. It works across the board, beginning with a new employee’s first day on the job. Xseed Partners, InnoVen Capital, Infrastructure Leasing & Financial Services Ltd, and Kae Capital have all invested in the startup. The startup is an AI-powered right skilling suite that helps businesses achieve their full potential by enabling company-wide skilling.
It uses artificial intelligence, the cloud, and mobile to assist organisations to evaluate and assess themselves against industry-wide trending capabilities, construct effective learning pathways for bridging skill gaps, and promote learning uptake to help organisations increase capability. The startups’ ultimate goal is to enable CXOs to drive the correct capability and make a positive impact on the business, whether it’s through increased sales, improved customer service, effective leadership, or digital transformation.
The startups’ capability-building platform is used by more than 120 prominent companies, including Amazon, Airtel, Bajaj Allianz, Chaayos, Mahindra Rise, and Tata Motors. 750K+ learners from India, Southeast Asia, and the Middle East use its skill and productivity enhancement platform, which includes frontline employees and knowledge workers. Tracxn has named disprz a minicorn on their list of ‘Emerging Startups 2021; Top Corporate Learning’. Disprz was also named the Best eLearning App in the Prime Minister’s eLearning Category’s Radio Address in the Aatmanirbhar Bharat Innovation Challenge 2020.
5. Hippo Video
Legal Name- Lyceum Technologies inc.
Sector- Software Development and Saas
Products & Services- Video Interaction Tool
Founders- Nilamchand Jain, Karthi S and Srinivasan Krishnan
Date Of Starting- 2016
Geographical Range- Global
Company Stage- Series A
Number of Investors- 4
Key Investors- Kae Capital, Surge, Fundamental and Alpha Wave Global
Funding Rounds- 7
Total Funding Amount- $ 1.02 Million
Valuation- $ 4.5 Million
Hippo Video is a customer support video creation platform available online. Video editing, exporting, sharing & embedding, analytics, video ticketing, user management, and connection with third-party customer care solutions are just a few of the features offered by the startup. Freshdesk and Zendesk integrations are also supported. This campaign is aimed at schools, customer service teams, and customer success teams.
Chennai-based Hippo Videos is a video engagement platform that lets you interact with prospects while also increasing the effectiveness of your sales, marketing, and support activities. It includes capabilities such as video email, video personalisation, and customised sales pages, among others. Video for sales, video for customer service, video for marketing, video for teachers & trainers, video for communication, and video recorder API for developers are just a few of the startup’s products.
For B2B sales teams, Hippo Video is the top video interaction tool. As a salesperson, you aim to develop relationships with your prospects so that you can empathise with their problems and help them solve them. However, in today’s age of text saturation, such prospects are already inundated with dull communications. That’s why your sales outreach goes unnoticed. To stand out from the crowd, get their attention, and engage in relationship-building, make a movie with Hippo Video and send it to your prospects to show them that you’re serious about doing business.
Videos can help you humanise your sales pitch and boost response rates by at least threefold. Sales reps can now effortlessly record, send, and track videos to better engage prospects and close transactions faster with the services of this startup. The startup hopes to use video as a significant decision influencer and trust driver as the use of video in communication and social media grows. Through its REAL platform, Hippo Video promotes sales, marketing, and overall customer experience. Sales teams can get up to a threefold improvement in productivity by using personalised videos.
Hippo Video, which was founded in 2016 by ex-Zoho employees, provides solutions for the development, delivery, and assessment of metrics for personalised movies. Rich online pro-editing, on-the-fly in-video personalization at scale, video landing pages, smart webcam, and screen recorder, extensive reporting and analytics, and enterprise-grade security are among the startups’ technological advancements. Customers have seen strong ROI figures, according to the company.
6. Magzter
Legal Name- Magzter Digital Pvt. Ltd.
Sector- Digital Publishing
Products & Services- Digital Magazine and Newsstand
Founders- Vijayakumar Radhakrishnan, Girish Ramdas and Gautam Ramdas
Date Of Starting- 2011
Geographical Range- Global
Company Stage- Series B
Number of Investors- 4
Key Investors- Singapore Press Holdings and Kalaari Capital
Funding Rounds- 3
Total Funding Amount- $ 10 Million
Valuation- $ 13 Million
Magzter is a digital magazine store and newsstand that allows any publisher anywhere in the globe to sign up and publish their publications to a global audience. The magazine is nearly instantly ready and published on the platform, and the publisher and Magzter hash out a revenue split. The revenue split is set up in such a way that it’s a 50-50 split. Apple gets 30%, while Android and web payment gateways and processing get about 10%. So whatever is left is split 50/50 between the publisher and the author.
Due to rising printing and delivery costs, most magazines lose money on circulation and sales in the physical world. Publishers generally get money through adverts, but on Magzter, they make money from the first copy they sell. Chennai-based Magzter now operates in New York and has a subsidiary in Chennai, India. The sales team is spread across the globe, from New York to London to Singapore. Aside from that, sales are also conducted in the Netherlands and Germany.
On Magzter, you can now read over 600 publications, and their market is global. Entertainment (for example, Filmfare) and news (for example, India Today) are two of the most popular categories. The startup has 1.5 million users from Asia, with publishers from India, Singapore, Malaysia, Hong Kong, the Philippines, the United States, and the United Kingdom. Magzter is becoming a multilingual platform as well. Magazines and newspapers can be purchased through an online digital newsstand.
Magazines in a variety of genres are available on the site, including entertainment, business, lifestyle, fashion, and more. Newspapers from many countries and areas are also available on the platform. Users of Android and iOS devices can download the software. The startup also has social sharing capabilities for magazine pages. To market Magzter, its team is relying on users and discoverability. They make extensive use of digital media, which is self-evident. Publishers have also begun to promote the availability of their magazines on Magzter, which enhances its promotion and discoverability.
7. Detect Technologies
Legal Name- Detect Technologies Pvt. Ltd.
Sector- Hardware, Machine Learning and Manufacturing
Products & Services- Industrial Asset Monitoring Solutions
Founders- Karthik Rajasekaran, Daniel David, Krishnan Balasubramaniam and Harikrishnan S
Date Of Starting- 2016
Geographical Range- Global
Company Stage- Series B
Number of Investors- 30
Key Investors- Elevation, T-Hub, accel and CIIE.Co
Funding Rounds- 5
Total Funding Amount- $ 16 Million
Valuation- $ 37.1 Million
Detect Technologies is an IIT Madras-incubated startup that creates unique and efficient industrial asset monitoring and inspection solutions. It is a provider of intelligent pipeline integrity monitoring and inspection solutions. The startup sells products that aid in the maintenance and leak detection of oil and gas pipelines. It’s a completely automated continuous condition monitoring system for pipes that can withstand severe temperatures. It’s also working on a semi-autonomous drone that can inspect boilers and other oil and gas components.
Axilor Ventures included the startup in its acceleration program. Their team is developing smart and economical technologies intending to make industries safer and more efficient. Detect has gained market penetration of 80% in the Oil & Gas industry in India since its debut in 2016, and is also present in other major industries such as Steel, Power, Chemicals, and Fertilizers.
The startup is a prominent Industrial AI startup that develops cutting-edge technologies and unique solutions for the industrial environment. Its main objective is to re-engineer and automate industrial processes to achieve maximum and sustained industrial productivity while also speeding up the transition to Industry 4.0. Some of the world’s largest companies, including Adani Group, Reliance Industries, Vedanta, Aditya Birla Group, GAIL, and Hindustan Petroleum, have put their faith in Detect Technologies.
The startups’ extensive array of proprietary technology and artificial intelligence (AI) solutions have been researched and designed in-house with the consumer in mind. It brings together data, people, equipment, and processes to address previously unsolvable industrial challenges. The startup has a group of dedicated people working together to produce cutting-edge technology and usher in a new era of industrial technology, to make industries safer and more efficient.
Detect Technologies, founded in 2016, adheres to the highest industry safety and compliance standards and develops solutions for asset-intensive industries such as oil and gas, petrochemicals, power, fertilisers, metals, pharmaceuticals, renewables, and more. It seeks to bring comprehensive industrial automation with patented hardware and industrial AI using machine vision, sensors, robots, and machine learning. It has over 25 IPs and trademarks and has successfully deployed solutions across 100 sites globally, serving clients in six regions.
Detect Technologies, situated in Chennai, is an Indian startup that specialises in pipeline integrity and management systems. The firm creates equipment that aids in the maintenance of oil and gas pipelines and the detection of leaks. GUMPS, the company’s flagship product, is a fully automated continuous condition monitoring system for pipelines capable of operating at severe temperatures. It also developed the Noctua drone, a semi-autonomous drone for inspecting boilers and other O&G components.
8. Freshworks
Legal Name- Freshworks Inc.
Sector- Saas, Enterprise Technology
Products & Services- Marketing Automation and Customer Support Services
Founders- Kiran Darisi, Shan Krishnasamy, Girish Mathrubootham and Vijay Shankar
Date Of Starting- 2010
Geographical Range- Global
Company Stage- Public
Number of Investors- 10
Key Investors- Capital G, Accel, True Wind Capital and Sequoia Capital
Funding Rounds- 9
Total Funding Amount- $ 484 Million
Valuation- $ 3.5 Billion
This Chennai-based startup provides business communication and management solutions on a cloud-based platform. Freshdesk for customer service, FreshService for online IT service management, Freshchat for enterprise chat, FreshSales for sales CRM, Freshrelease for project management, Freshteam for employee recruitment, Freshconnect for enterprise collaboration, and more are all part of the Freshdesk product portfolio. It also offers consumer and staff engagement solutions.
Freshworks was rebranded as Freshdesk in 2017 as the company’s capabilities expanded beyond helpdesk software to include CRM and ITSM sectors. Freshworks has been included on the Forbes Cloud 100 list for the past five years, rising progressively from 95th place in 2017 to 10th place in 2021. Freshworks, which has 50K+ clients worldwide, was listed on Nasdaq in September 2021 at a valuation of $13 billion.
In 2010, Girish Mathrubootham and Shan Krishnasamy created the startup. Freshdesk began with a single service offering- cloud-based customer care software. Freshservice was founded in 2014 to provide modernised ITSM solutions. Freshsales was founded in 2016 and offers 360* CRM solutions.
With its comprehensive customer interaction suite, Freshworks360, the startup is a SaaS business disrupting traditional CRM, ITSM, Customer Support, and Marketing Automation. In 2018, the startup surpassed $100 million in annual recurring sales, making it a member of the prestigious unicorn club. Freshdesk, Freshservice, Freshsales, Freshcaller, Freshteam, Freshchat, Freshmarketer, and Freshrelease are some of the company’s products.
Freshworks Inc., which was founded in October 2010, is backed by Accel, Tiger Global Management, CapitalG, and Sequoia Capital India. Freshworks is headquartered in San Mateo, California, with offices in India, the United Kingdom, Australia, and Germany. Over 150,000 businesses around the world use the company’s cloud-based suite, including the NHS, Honda, Rightmove, Hugo Boss, Citizens Advice, Toshiba, and Cisco.
9. Fipola
Legal Name- Fipola Retail India, Pvt. Ltd.
Sector- E-commerce, Meat Retail
Products & Services- Seafood and Meat Delivery Services
Founders- K. Ramana, Aishwarya Rai, Sushil Kanagolu and KV. Ramana
Date Of Starting- 2016
Geographical Range- India
Company Stage- Series A
Number of Investors- 8
Key Investors- A.R. Foundation, Beanstalk and Vijaya Ramamurthy
Funding Rounds- 4
Total Funding Amount- $ 12.8 Million
Valuation- $ 43.5 Million
Fipola Retail India, a South Indian omnichannel meat and seafood D2C (Direct to Consumer) retailer, was established in December 2016. Fipola’s objective has always been to redefine meat retailing in the country by delivering superior products and world-class customer service in a sanitary and pleasant shopping environment. By mid-April 2022, Fipola will have 101 outlets across Tamil Nadu, Bengaluru, and Hyderabad.
This Chennai-based startup is a meat product processor and retailer. Free-range chicken, meat, hog, lamb, goat, seafood, marinades, cold cuts, ready-to-fry products, eggs, dry fish, and other items are provided by Fipola. The startup claims to get products from farmers directly. The products can be ordered through the company’s website, mobile apps for home delivery, or its retail network locations.
Fipola has a variety of meats (fish/poultry/lamb/goat), cuts, and flavours to choose from. They have chicken and goat on the menu, as well as a vast variety of unique seafood. When an order is placed, meat is freshly chopped and packed in retail stores, which also serve as delivery hubs. Fipola, is a Chennai-based retailer, with 48 locations in Tamil Nadu, Telangana, and Karnataka, including ten in Bengaluru. Fipola also has an online presence, with its app, website, and merchant platforms like Swiggy and Dunzo accounting for more than half of its income.
Fipola is a startup that plans to open 65+ stores in South India by the end of December 2022 and 200 stores across India by the end of 2022. Fipola is now available in Chennai, Coimbatore, Hyderabad, Puducherry, Tirupur, and Vellore, in addition to being the most popular brand in terms of fresh meat and seafood retail. The startup provides an almost limitless selection of meats (fish, chicken, lamb, and goat), cuts, and flavours. Its retail locations are modern, air-conditioned, sanitary, and odour-free, resulting in an unrivalled meat buying experience.
Customers can purchase from its retail locations, or have the tastiest meats delivered to their homes by ordering through Fipola’s mobile app. Fipola is confident that its progress will bear fruit in the next expansion, with a 94 per cent retention rate of repeat consumers and a database of over 4 lakh customers. Customers order 50% of their meat rations online and 50% of their meat rations in retail stores. Fipola retail India’s workforce has grown from 1000 to 1250 people as part of the growth in the last year.
10. Clayfin
Legal Name- Clayfin Technologies Pvt. Ltd.
Sector- Software Development
Products & Services- Digital Consumer Experience Solutions
Founders- Sriya Srikrishnan and Ramaswamy Iyer
Date Of Starting- 2009
Geographical Range- Global
Company Stage- Seed
Number of Investors- 6
Key Investors- HDFC, Ratnabali Group, Reliance Industries and Dalmiya Securities
Funding Rounds- 3
Total Funding Amount- $ 4.4 Million
Valuation- $ 10.6 Million
Chennai-based startup Clayfin is a major provider of Bank and Financial Institution Digital Customer Experience solutions. The startup enables Banks and Financial Institutions to nurture and establish close ties with their clients in a quickly expanding digital world by providing a superior and seamless omnichannel experience delivered at the customer’s preferred digital point of interaction. Clayfin’s mission is to improve end customers’ financial lives by creating superior customer experience solutions that boost digital footprint, adoption, and usage.
The startups’ products are developed around four tenets: ease of use, pervasiveness, security, and relevance. The startup works with customers from all around the world, and presently supports 74 implementations in 17 countries across APAC, the Middle East, and Africa. At the IBSI Global FinTech Innovation Awards 2021, Clayfin Technologies, a leading customer experience focused digital solutions supplier for financial institutions, won the ‘Best Digital Channel/Platform Implementation Award for Most Impactful Platform.’
Clayfin is a leader in the field of financial technology and a provider of digital customer experience solutions for banks and financial institutions. The startup collaborates with over 30 financial institutions in APAC, the Middle East, and Africa to support 75+ installations. Clayfin refers to its staff as “craftsmen” who are dedicated to developing high-quality digital experiences that are current. Its professionals create digital solutions that reinvent and fulfil the demanding expectations of its customers, much like a potter shapes raw ‘clay’ into exquisite pottery.
Clayfin’s mission is to improve end customers’ financial lives by creating superior customer experience solutions that boost digital footprint, adoption, and usage. The startup enables Banks and Financial Institutions to nurture and establish close ties with their clients in a quickly expanding digital world by providing a superior and seamless omnichannel experience delivered at the customer’s preferred digital point of interaction.
It provides digital banking solutions, allowing banks to provide financial services through digital channels. It offers retail, SME, and corporate banking products. Personal finance management, digital onboarding, and agency banking solutions are also available. Clayfin works with customers from all around the world, and presently supports 74 implementations in 17 countries across APAC, the Middle East, and Africa. Banks and financial institutions can benefit from the startups’ omnichannel banking solutions.
Extra
Wedding Wishlist
Legal Name- Cherrytin Online Pvt. Ltd.
Sector- Retail, Events
Products & Services- Gifting Solutions for Weddings
Founder- Kanika Subbiah, Sathish Subramaniam and Tanvi Saraf
Date Of Starting- 2015
Geographical Range- India
Company Stage- Seed
Number of Investors- 4
Key Investors- Kirthika Reddy and Renuka Ramnath
Funding Rounds- 2
Total Funding Amount- $ 153 K
Valuation- $ 297 K
Wedding Wishlist is a full-featured wedding planning tool for couples who want to make the most of technology. While the startup began as a gift registry, it now provides all of the technology that couples require to arrange a wedding. The register, wedding website, e-invites, wedding app, logistical management software, checklist, budget planner, virtual services such as live streaming, and a complete wedding preparation guide are all included.
In 2015, Kanika co-founded Wedding Wishlist with Tanvi Saraf and Sathish Subramanian. The platform has two aspects: for the most part, it is a B2C startup that provides engaged couples with wedding technologies (with a concentration on gift registries). It recently added a B2B component to its marketplace model, allowing wedding planners and invitation designers to set up shop for their goods and services.
Wedding Wishlist is a wedding gifting solution. Customers can make a wishlist for the wedding gifts they want to receive. The wishlist can then be shared with their friends, who can subsequently place orders for the gifts through the website. Customers can have their gifts delivered according to their preferences. On the platform, there is also an option to pay for gifts online. Facebook India MD Kirthiga Reddy, Multiples Equity founder Renuka Ramanath, and CherryTin, among others, contributed $297k in investment to this startup.
The customers can choose from a wide range of products, including Appliances, Furniture, Home furnishing, Kitchens, Dining, Entertaining, and Experiences, that have been particularly chosen for setting up the first home. Products are available in a variety of pricing points and brands. Wedding Wishlist is a one-stop gift shop that ships throughout India. The startup has recently expanded its services to include baby showers, milestone birthdays and anniversaries, as well as a housewarming.
Wedding Wishlist is a full-featured wedding planning tool for couples who want to make the most of technology. This startup is India’s biggest wedding portal, assisting couples in utilising technology to streamline the wedding planning process and reduce costs. Virtual weddings, gift registries, e-invites, websites, wedding applications, return gifts, bridal checklists, vendor directories, wedding ideas, and more are among the services provided by the startup.
Conclusion
From January 2015 to June 2021, 199 agreements raised a total of $1.6 billion for Chennai startups. While the early stage has the highest concentration of deals, the growth stage has the highest volume of capital. During the pandemic, investors have been testing the waters in several specialist areas, increasing early-stage investments.
The presence of a significant number of Special Economic Zones (SEZ) in Chennai, as well as business and trade legislation that create a competitive and hassle-free environment for startups and new firms, is one of the key causes of startup growth in Chennai, according to data.
Finance Minister Palanivel Thiyaga Rajan has allocated Rs 50 crore to the Emerging Sector Seed Fund to make equity investments in Tamil Nadu-based startups and leverage funds from institutional investors to build a favourable startup ecosystem.
He also stated that the Tamil Nadu Industrial Development Corporation (TIDCO) would spend Rs 75 crore to build an iconic State Startup Hub in Chennai. Understandably, the startup sector is enthusiastic, as aspiring entrepreneurs will receive assistance.
edited and proofread by nikita sharma
