A report by IDC suggests that IoT will garner $6 trillion of investments till 2020. The global spending on IoT products and solutions will hit $772.5 billion by end of this year. The Indian government is spending $1 billion of budget on the smart cities project, which is majorly driven by IoT technologies. Here are 5 Indian IoT startups to watch out for:
The startup co-founded in 2013 is a data-driven energy efficiency platform. The company uses advanced Machine Learning models to provide energy savings for large commercial consumers. In 2017, the startup raised $1 million pre-series A funding by Pi Ventures. The startup is solving a unique problem of electric power loss.
Smartron offers an intelligence connected platform, TronX, that offers highly customised and personalised experiences. The startup allows users to interact and control various devices at home, right from television, appliances, lights, air-conditioners and windows. The startup is trying to compete with the Chinese giant Xiaomi. The cricket-star Sachin Tendulkar is one of the key shareholders and brand ambassadors of Smartron. The Hyderabad-based startup is co-founded by Mahesh Lingareddy, Narsi Reddy and Rohit Rathi.
A Pune-based emerging platform is helping IoT developers around the world to solve unique problems, grow things and build faster. The startup has evolved into a global community of 50,000 developers that uses the platform to share their IoT projects. The startup is solving a unique problem of connecting IoT developers and educate them on hardware components, documentation, design examples etc.
TagBox is helping companies to mentor individual shipments and products. The smart supply chain solution is designed to work with the e-commerce platforms. The tags developed by the company works in three layers. The physical layers includes BLE-driven sensor. The tag uploads data to the gateway, putting it on the cloud. The solution predicts the possible mistakes and failures in the shipments.
Mumbai-based IoT startup is using data mining technologies to automate the water management problems in urban areas. The startup by IIT-Bombay graduates provides both software and hardware. The complete IoT framework can be customized for different use. The startup currently works with vendors, contractors and manufacturers. Falcon Labs has worked on projects in states like Haryana and West Bengal.