In the past few years, Hyderabad has risen as one of the most popular startup hubs of India. With the presence of institutions like IIT-Hyderabad, T-Hub, IIIT-H, and more, that support and incubate upcoming startups, emerging innovation and software companies have a thriving environment here. In 2021 alone, 3143 companies got founded in this city.
A whopping $515 million have been raised collectively in funding over just a span of three years by Hyderabad-based startups, and many of them are eyeing to reach the unicorn club (startups valued at $1billion) in the coming years.
At present, in 2022, there are close to 4000 startups in the City of Nizams, and here’s is an in-depth look at the top 18 of them.
- Strip Finance
- Nukkad Shops
- Troo Good
- Darwin Box
- Saras Analytics
- Urban Kissan
Top Health-Tech startups in Hyderabad
This startup provides molecular diagnostics to people, by combining genetic reports and health history with genetic counselling. They decode your DNA, and provide insights on possible health risks and actionable steps to stay healthy and get better treatment if you are suffering.
Anu Acharya founded MapMyGenome in 2012, with a vision to provide “Better Health for Indians using Technology.
Their most famous products and services include:
- Genomepatri: DNA-based tests that predict the risk for 120+ diseases, traits, drug responses, inherited conditions and carrier statuses. This report is also available for specific areas such as cardiovascular diseases, Type-2 diabetes, Fitness planning, Brain disorders, Gynaec assessment, Cancer prediction and more.
- Whole Exome and Genome Sequencing reports
- Webneuro: Screening tests to identify cognitive strengths and weaknesses.
Till now, they have raised close to $31 M in funding, with the latest investment made in 2017 in its Series C funding round.
Headquarters: Royal Demuere, Plot 12/2, Sector 1, HUDA Techno Enclave, Madhapur, Hyderabad, AP 500081
Founded at the University of Hyderabad in April 2021, Vivalyfe is an incubated startup that is on the verge of launching low-cost and Non-invasive Glucometers (called Ezlyf) for diabetics. The glucometer connects to your smartphone and gives actionable diagnostic information.
Its founders Duvvuru Varshitha Reddy and Vimal Kumar R N aim to reshape the medical device market with a vast array of self-care diagnostic solutions to solve healthcare issues in cardiology, Ophthalmology, pulmonary medicine and cancer.
Top Fintech Startups in Hyderabad
Also check out: Top Fintech companies in India
Payswiff provides end-to-end omnichannel electronic payments and commerce solutions for Indian banks, SMEs and enterprises.
They offer a unified payments app, contactless payment solutions, integrated payment gateway to SMEs and merchants. Their users clock 7 million+ monthly transactions on average.
Founded as Paynear in 2013, by Prabhu Ram, Priti Shah, Anil Bharadwaj, Ravi Kiran, Krishna Kishore and Maulik Shahof, this startup has grown to have a presence in 10 South Asian countries. Paynear was rebranded to Payswiff in 2017, after acquiring the Singapore-based payments company Goswiff.
They have raised a total of $10.7M in funding so far. In January 2022, it got acquired by Cholamandalam Investment and Finance Company for ₹450 Crore.
Headquarters: Vaishnavi Cynosure, 10th Floor, Telecomnagar Extn, P Janardhan Reddy Nagar, Gachibowli, Telangana 500032
Crypto and NFTs are the next big thing in fintech. This startup aims to provide NFT liquidity solutions by building a marketplace for borrowing and lending collateralized NFTs.
The users of this NFT platform will be able to borrow capital by keeping their NFTs as collateral.
Founded by Varun Satyam, Yuvraj Chhibber and Yash Jejani in 2021, Strip Finance has already raised ₹3.5 crores in its seed funding round in September 2021. In total, they have raised $8.5 million in funding so far.
They plan to enable debt financing of crypto projects by allowing project tokens minted as NFTs to be used as collateral on the platform.
Top eCommerce and Marketplace Startups in Hyderabad
Currently called the first and only Agri land marketplace of India, this startup allows farmers to buy/sell agricultural lands, estates, farmlands, and eco farms.
Kamesh Mupparaju founded SFarmsIndia in 2018, with the vision to connect landowners with potential buyers without needing a middleman. The current listing and fraction trading platform uses AI models made of information given by users to predict the right land prices.
Their platform allows potential land sellers to register on the website, and put up a listing of their land, without any charges. They can also send their agri-land details via WhatsApp to an SFarmsIndia representative and get their listing made.
They already have 21K buyers and sellers on their platform, clocking an annual growth of 220% in terms of the number of listings. They have raised total funding of $50K in pre-seed funding.
SFarmsIndia Dno:1-55/6A/184/MH/101, Sai Prithvi Enclave, Kalajyothi Printers Road, Hyderabad, Telangana 500084, IN
Currently bringing innovation to retail businesses, Nukkad Shops is helping small and medium businesses with digitization. They provide retailers with an android-based cloud-connected commerce platform and devices to manage every aspect of their business.
They also help retailers take their stores online via hyper-local e-commerce mobile apps with real-time inventory. Their hardware offerings include POS (point-of-sale) devices that retailers can use to manage billing, inventory, loyalty programmes, sales and finance reports, multiple store counters, and more.
Founded by Niranjan Kambamettu, Ravi Korukonda, and Vivek Shukla in 2015, Nukkad Shops has so far raised a total funding of $1.4 M over two rounds of funding.
Headquarters: 1st Floor, 3 Cube Towers, Whitefields, Kondapur, Hyderabad, Telangana 500081, IN
Jasminder Singh Gulati, Ronak Kumar Samantray and Nitin Jain founded NowFloats in 2012, with an aim to help small and medium businesses get discovered locally online.
NowFloats offers multiple services and apps that allow SMBs and large enterprises to set up their online presence.
Their products include:
- Boost 360 (for SMBs) - lets you set up and run your business online, by creating your own website. Once set up, you can take orders online, schedule services and collect payments.
- Kitsune (for large enterprises) - allows web apps to become scalable and faster with an open-source framework.
- Zadinga (for retailers) - An app that enables efficient end-to-end shop management, create an eCommerce store integrated with local delivery.
NowFloats has raised a total of $17.4 M in funding over 7 rounds. Their latest funding round was in 2019, where they raised ₹253.9M through debt financing.
Headquarters: 6th Floor, D Block, iLabs Centre, Plot No. 18, Software Units Layout, Survey No. 64 (P), Madhapur, Hyderabad, Telangana 500081, IN
This coupons and deals marketplace is currently the largest couponing company in India. The startup has a huge following, with 6.5 million monthly visits to their marketplace comprised of 3000+ listed merchants.
Founded in 2013 by Ashok Reddy, with the vision to enable customers to maximize their savings on their online expenditure. Along with offering genuine digital coupons, they also provide social and mobile facilitated online vouchers and deals.
Small businesses often use Grabon to drive more sales and growth to their online e-store footfall.
Grabon has so far raised $250K funding in total and has only gone through its seed round of funding.
Headquarters: Krishe Sapphire - 4th Floor, Madhapur, Hyderabad, Telangana 500081, IN
Top Direct-to-consumer startups in Hyderabad
This is an online D2C startup that makes eco-friendly footwear. They make sneakers, loafers, and joggers using Merino Wool fibres and recycled plastic bottles. Amar Preet Singh, Taran Chhabra founded Neemans in 2017, with an aim to create footwear using only natural, renewable, recyclable and chemical-free materials.
Neemans has recently raised fresh funding of ₹7 Crore through debt funding from Stride Ventures. It comes after the footwear startup raised ₹20 crores in August 2021 during its Series A funding round.
So far, they have raised around $4.6 M in total funding over three funding rounds.
Headquarters: Neemans, VV Mansion House, Durga Nagar, Hyderabad, Telangana 500082, IN
Founded by Raju Bhupati in 2018, Troo Good is eyeing its expansion at a pan-India level after receiving a fresh investment of ₹55 crores in its Series A funding.
They produce nutritious and adorable millet-based snacks. Their current range of 14 products includes various types of millet chikkis, produced in three factories present in Hyderabad and Rajahmundry.
Troo Good presently serves 10 lakh children every day, and expect to see an increase in this number in the coming days. It had begun its operation first by selling 800 millet parathas and chapatis a day for schools and IT companies. By the end of 2018, they had launched the nation’s first millet chikki. They are selling over 15 million millet snacks every month.
This startup is bound to grow in the expanding millet market, as the Indian government has identified millet as the long term solution to the nation’s food and water crisis.
So far, Troo Good has raised a total funding of $8.4 million, with their Series A funding round held in November 2021.
Headquarters: First Floor, Plot 15 & 16, Triveni Building, Silicon Valley, Madhapur, Telangana 500084
Find them online here: Website
Top SaaS startups in Hyderabad
This SaaS startup just turned a unicorn, the first one for 2022 in its sector, as it raised $72 million in funding in its Series D round held on 25 January. Its valuation post this funding round has surpassed the $1 billion mark.
Founded in 2015 by Chaitanya Peddi, Jayant Paleti and Rohit Chennamaneni, Darwin Box provides a cloud-based HR-Tech platform to organisations for end-to-end employee lifecycle (hire-to-retire) management. The platform is also powered by AI and Machine Learning features.
They boast a customer base of 500+ global enterprises and unicorns, including the likes of Swiggy, Paytm, Mahindra and others. Their platform is presently used by 1M+ employees. Their cutting edge solutions include HR Voicebots, advanced talent analytics, candidate shortlisting and OCR-based expense scans, and more.
Headquarters: 3rd Floor, Vaishnavi's Cynosure 2-48/5/6, opp. RTTC, Telecom Nagar Extension, Gachibowli, Hyderabad, Telangana 500033, IN
This 2017-born startup offers a cloud-based SaaS platform for end-to-end waste management. Recykal’s platform aggregates waste generators, collectors, ragpickers, kabadiwalas, processors and recyclers.
The startup aims to enable sustainable recycling practices in India. It digitally bridges the gap that exists between all stakeholders in the waste management chain with transparent and traceable transactions and material flow, via a marketplace model.
Initially a brainchild of Abhay Deshpande, Recykal inspired Abhishek Deshpande, Anirudha Jalan, Ekta Narain, and Vikram Prabakar as well, who are now its co-founders.
Recykal has raised total funding of $24 million so far, with its latest funding round bringing in an investment of $22M from Morgan Stanley India in January 2022.
They’re making strides towards building hyper-local waste processing infrastructure across the country, and an inclusive ecosystem. They have already channelled over 200,000 MT of plastic waste.
Headquarters: 01, Janardhana Plaza, Lumbini Enclave, Gachibowli, Hyderabad, Telangana - 500032
Saras Analytics helps D2C and eCommerce businesses to make data-driven decisions, with its predictive analytics platform. It gives businesses a 360-degree of business data with deep automated reports and insightful dashboards.
Cousins Krishna Chaitanya, Abhiram Kolli and Balaji Kolli founded Saras Analytics in 2016, with a mission to make business data a strategic asset.
Their current product offerings include:
- Daton - a cloud data pipeline to consolidate your data to a data warehouse in minutes without coding.
- Halo - an eCommerce analytics and insights platform that makes business intelligence and data activation possible for you without needing any analysts.
This bootstrapped startup has a team of over 100 people, and the founders have collectively invested INR 3 Crores in it as of now.
Headquarters: 4th Floor, 192, Botanical Garden Rd, Masjid Banda, Camelot Layout, Kondapur, Hyderabad, Telangana 500084, IN
Top Edtech startups in Hyderabad
Also check out: Top Edtech Startups in India
Practically combines cutting edge technology and education, to bring an immersive and interactive learning app for students. It leverages AR, VR, simulations and 3D videos to give experiential learning to school students in grades 6 - 12. It focuses on STEM (Science, Technology, Engineering and Math) learning.
Charu Noheria, Ilangovel Thulasimani, Subbarao Siddabattula founded the startup in 2018, aiming to combine game engine, AI-assisted study buddy, and self-learning features on a single platform. Now, Practically is a cross-platform app, with over 3000+ 3D videos, 1000+ AR experiences & simulations.
Practically has raised a total of $14 million in funding, with its latest round of funding held in December 2021 where they raised an investment of $5 Million. They boast a user base of over 15 lakh students, 18K teachers and 350 schools.
Headquarters: Signature Towers, Kondapur, Hyderabad, Telangana 500084, IN
This 2011-found startup provides personalized career and university guidance to students, parents, counselors, and school systems. They have such guidance cells set up in schools across India, Singapore, Indonesia and Dubai.
Their ecosystem gives a transparent way to students to discover career options while partnering with universities and empowering counsellors.
Presently, Univariety’s platform has made 400K connections and helped students gain over $20 million in scholarships.
Founded by Jaideep Gupta, Varun Aggarwal and Rakesh Gupta, the startup has raised over $3.1 million. Univariety’s latest funding round was held in 2020, where they raised $1.1 M.
Headquarters: Suite 301B, Sri Durga Towers, Road No. 10, Banjara Hills, Hyderabad, Telangana - 500034.
Top Agri-tech startups in Hyderabad
This is a hydroponic farming startup that builds vertical farms and sells fresh produce directly to the customers via a subscription-based app. Their organic produce is cultivated without soil using 95% less water.
Founded in 2017, the Y-combinator backed startup operates in numerous greenhouses in Hyderabad and Bangalore. Founders Sairam Reddy, Srinivas Chaganti and Vihari Kanukollu want to ensure a minimal carbon footprint and contribute to sustainability through UrbanKissan.
They have raised a collective of funding of over $1.5 million in three rounds of funding. Their latest investment was raised in July 2021, where BASF Venture Capital invested an undisclosed amount in Urbankissan.
Headquarters: Urban Centre, 4th floor 36, Rd Number 36, CBI Colony, Jubilee Hills, Hyderabad, Telangana 500033
Samhitha Crop Care Clinics
This startup specializes in providing data-driving crop care and advisory to farmers. A team of agri-professionals monitor farms; gather data using telemetry devices placed across the soil’s layers and air-borne drones, and provide insights that farmers can use. Their precision method is called Digital Tree Health Audit System.
They cater to three stakeholders - the farmers, the advisors and field assistants. Farmers who wish to expand their sustainability farming practices can register to Samhita. Samhitha field teams analyze soil moisture, temperature, ph, electric conductivity and weather data.
Founded in 2020 by Kalyan Enjamoori, Jagan Chitiprolu and G. Syamasundar Reddy, the startup is helping farmers increase profitability and crop longevity.
Presently, Samhitha has raised $1.5 M in total funding, with their latest seed investment raised in December 2021.
Headquarters: Plot No.67, Chitiprolu Arcade, Jubilee Enclave, HITEC City, Hyderabad, Telangana 500081
Kheyti is working to bring out the Smart Farmer Revolution, by giving low-cost farming solutions to small farmers in order to increase their yield and predictability of produce.
They do this by giving “Greenhouse-in-a-box” - an affordable and customized greenhouse along with full-stack services that use 90% less water, grow 7 times more food and gives farmers a steady income. This involves loan facilities, advisory, partnerships with retails in the market, and a drip system.
They have 1500 farmers already enrolled with Kheyti’s system.
Founded in 2015 by Sathya Raghu V Mokkapati, Kaushik Kappagantulu, Saumya, and Ayush Sharma, Kheyti has raised a total of $42.6 K in funding over three rounds.
Headquarters: 9H65+3FQ, Rock Town Residents Colony, Sai Nagar, Chanakyapuri, Hyderabad, Telangana 500068