Bengaluru is popularly termed the Silicon Valley of India. Once you enter this place, the number of innovative tech startups boasting here will lead you to believe it offers a successful link to innovative entrepreneurship. Bangalore is considered a hotbed for startups revolutionizing multiple industries, from its vibrant ecosystem to talent pool and investment opportunities. As we enter the new year 2024, let’s look at 15 hot Bangalore-based tech startups that are making waves and well worth keeping an eye on.
What are Tech Startups?
Tech startups are entrepreneurial ventures that apply technology to create a new solution, product, or service, often with the intent of disrupting or shattering old industries. The sectors in which such startups thrive usually comprise software, fintech, healthcare, e-commerce, artificial intelligence, and renewable energy.
These innovations might be about an unmet need or a problem solved better in some way. Tech startups operate based on disrupting traditional industries. They compete head-to-head with the classical market players by providing more cost-effective, convenient, or accessible solutions through adopting new technologies or business models.
Table of Contents
| S. No. | Tech startups in Bangalore to watch in 2024 |
| 1. | CureSkin |
| 2. | Yellow.ai |
| 3. | NoBroker |
| 4. | Zolve |
| 5. | Ultraviolette Automotive |
| 6. | Meesho |
| 7. | Digital Insurance |
| 8. | Uddan |
| 9. | Ather Energy |
| 10. | Unaccademy |
| 11. | Razorpay |
| 12. | Bounce |
| 13. | FinBox |
| 14. | Khatabook |
| 15. | Cult.fit |
Tech Startups in Bangalore to Watch in 2024
1. CureSkin – AI-Driven Dermatology
Source: Cureskin.com
With artificial intelligence, CureSkin offers users tailor-made skincare solutions. While access to dermatologists remains a challenge in India, this application permits the user to get an immediate analysis of whatever skin condition they might be suffering from on the app. All one has to do is upload a photograph of the skin problem, and CureSkin AI analyzes this photograph to provide the user with recommendations, including products and treatment plans.
Example: A 28-year-old IT professional from Bangalore, suffering from chronic acne, used the CureSkin app and received a customized regimen, which he showed noticeable results within weeks. Such accessible and effective healthcare is why CureSkin is gaining popularity.
2. Yellow.ai – Conversational AI Platform
Source: Linkedin
Yellow.ai, formerly known as Yellow Messenger, is one of the most leading firms that has really transformed customer interactions through AI-driven chatbots. The platform enables businesses to deliver seamless customer service across multiple channels, including WhatsApp, web, and mobile applications. Its clients range from e-commerce to banks, and adoption is happening rapidly.
Example: Because of the investment it had made in Yellow.ai’s conversational AI, one of the largest e-commerce companies in India, it witnessed a 30% growth rate in customer engagement through its sites.
3. NoBroker –Real Estate Reimagined
Source: Google Images
NoBroker is changing the Indian real estate market It connects a buyer directly with a property owner or landlord without the high-fee commission of a broker. The platform uses AI to search for the property you might want to rent or buy for you. It saves you money while making it simple to transact properties.
4. Zolve – Financial Services Without Borders
Source: Zolve
Zolve gives cross border banking access to migrants who are in motion to different countries. The biggest benefits of using Zolve can be derived from easy access to a bank account, credit cards, and remittance facilities right at the hands of the customers even before their relocation. In fact, the service largely targets students and working professionals who tend to move abroad. Zolve breaks the barricades associated with cross-border financial transactions.
Example: An Indian student was moving to the US for college; they could open a US bank account and get a credit card using Zolve, which otherwise involves considerable challenges and time in opening a fresh bank account in a foreign country.
5. Ultraviolette Automotive – The Electric Mobility Revolution
Source: Google Images
Ultraviolette Automotive is a new electric vehicle start-up hoping to change the face of transportation within cities. Its first product, the F77 electric motorcycle has been announced as a high performance bike loaded with high-end features like connected tech and long-range capabilities.
Example: Bangalore-based software engineer, interested in curbing carbon footprint, bought an Ultraviolette F77. He was indeed impressed by its performance but very overwhelmed by its classy designs and connectivity features. It has tremendous promise for EVs in India’s two-wheelers market.
6. Meesho: Empowering Small Businesses
Source: Google Images
Meesho is a social commerce platform that empowers people to begin their online businesses through the reselling of goods on social media platforms such as WhatsApp and Facebook. For its customer, it follows the zero-investment model, and they can sell without managing the inventory.
Example: A homemaker from Bangalore started an online clothing business using Meesho. Within a couple of months, she managed to scale up her customers and started making a regular income. Thus, Meesho supports individuals to become entrepreneurs.
7. Digit Insurance-Easy Insurance
Source: Entrackr
Digit is an insurance tech startup engaged in selling wide varieties of insurance products, including health and auto insurance as well as travel insurance. This is the simplest, most direct hassle-free type of insurance, where all the processes of claims are fully digitalized.
8. Udaan: Simplifying B2B Commerce
Source: Hello Parent
Udaan is one of the B2B e-commerce sites that directly connects manufacturers, wholesalers, and retailers on a common platform. Therefore, it simplifies procurements for smaller businesses directly.
Example: A smaller electronics store in Bangalore scaled its business by buying affordable products on Udaan, giving competitive pricing and doorstep delivery, making the supply chain easy for retailers.
9. Ather Energy – Smart Electric Scooters:
Source: India Today
Ather Energy has emerged as one of the leading electric vehicle companies in India’s market. Ather 450X electric scooter with smart connectivity features stands out from the crowd and works significantly for reliability, performance, and a natural, sustainable focus.
10. Unacademy – Democratizing Education
Source: Business Today
Unacademy is an edtech venture that gives access to a variety of online courses and live classes, letting its students attain quality education in numerous subjects ranging from competitive exam preparation to professional upskilling.
11. Razorpay – Radically Simplifying Digital Payments
Source: The New Indian Express
Razorpay offers businesses a suite of payment solutions that cover everything from payment gateways, subscriptions, and automated vendor payouts. It can be used by startups as well as mature companies looking to have the best, safe, and efficient means of processing digital payments.
Case Study: Bangalore-based food delivery startup implements payment solutions by Razorpay in order to process transactions made online via the platform. Quick integrations and multiple varieties of payment options have dramatically enhanced customers’ checkout experiences.
12. Bounce – Smart Mobility Solutions
Source: Bounce
Bounce provides smart mobility solutions to urban commuters through its dockless scooter-sharing firm. With keyless scooters and electric bikes, Bounce has been solving the last-mile connectivity problem in cities such as Bangalore.
Example: A Bangalore resident, frustrated with daily traffic congestion, opted for Bounce’s electric scooter-sharing service to go to his office. This helped reduce time taken to travel along with flexibility and a greener means of transportation.
13. FinBox -Embedded Finance Solutions
Source: Entrackr
FinBox offers integrated financing options to businesses keen on integrating lending and credit options to their platforms. With big data and analytics, FinBox offers diverse credit and risk management services across various business lines.
Example: An e-commerce portal in Bangalore began utilizing FinBox’s credit assessment processes so that customers could opt for buy-now-pay-later modes; the firm recorded a 25% increase in sales while noting an improvement in their customer retention capacity.
14. Khatabook- Digital Ledger for Small Business Enterprises
Source: Google Images
Khatabook is a mobile-based application that allows small business people to track the finance of their business. It simply helps shopkeepers keep track of day-to-day transactions and settle dues with customers with the help of their mobile phones.
Example: A small grocery shop owner in Bangalore used Khatabook to streamline credit tracking of daily transactions of his regular customers. It changed the payment disputes and cash flow management among his customers automatically.
15. Cult.fit – Redefining Health and Fitness
Source: Cult.fit
Launched in July 2016, Cult.fit is a well-being service and health and fitness start-up that offers under one umbrella workouts, meditation, nutrition, and primary healthcare. It has physical fitness centers and online classes and offers holistic health services, changing the face of the Indian fitness industry.
Conclusion
The erstwhile hub for the tech startup culture continues to thrive well in Bangalore as various sectors disrupt the traditional model and create innovative solutions for companies. In reflection, these 15 startups represent and manifest the very changing, forward-thinking spirit of the city, each taking a different perspective on solving the new problems that this world and its communities confront. Be it in fintech or healthcare, mobility, or education, these start-ups look promisingly set to make an impact in the years to come as they grow and change over time to reshape India’s technological landscape and contribute to worldwide innovation.
