On Tuesday, social networking giant Facebook hosted first ever India Startup Day, wherein the company also hosted India Startup Awards to recognize some of the most path-breaking work of India’s disruptive startup ecosystem and awarded winners in five categories — 1) She Leads Tech, 2) Building for the World, 3) Building for Tomorrow, 4) Building for the Next Billion, and 5) Community Builder.
The winners of these five categories are –
She Leads Tech
The ‘She Leads Tech’ category of awards was given recognize the most successful tech startup launched and or led by a woman founder or co-founder.
Winner: Greenway Grameen – A Mumbai-based green technology startup that designs and distributes life-improving products amongst low-income markets. The startup is an incubatee company of IIM Ahmadabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE). In 2015, the startup had set up India’s largest manufacturing unit for biomass cook stoves in Vadodara, Gujarat.
Founded in 2011 by Neha Juneja along with Ankit Mathur, Greenway has sold about 8 lakh units of its biomass stoves made of steel and aluminum that emit 70 percent less smoke and consume about 50 percent less fuel than conventional mud variants across India and South America. The company clocked ₹25 crore in revenue in FY17. It even started selling solar-powered products such as lamps and a dish antenna service in 2017.
Building for the World
The ‘Building for the World’ was given to recognize a company that has seen success outside India and are working on solutions that are being used on a global scale.
Winner: Nanoclean – An IIT-Delhi alumni startup that produces affordable bio safe nanofibers with its proprietary polymer technology. IN May last year, we reported about Nanocleans first ever product called NasoFilter, which is a nasal filter that can restrict the entry of harmful particles into the body at a mere cost of just Rs. 10 rupees each.
The startup has been awarded Start-ups National Award 2017 by the Technology Development Board for creating a promising new technology with potential for commercialization.
Building for Tomorrow
Winer: Scapic – A platform that lets people create, share and explore immersive experiences and helps users to build Virtual, Augmented or Mixed Reality content easily.
Building for Tomorrow award was given recognize a startup using emerging technologies such as AR/VR to reinvent how business and society can come up with solutions.
Building for the Next Billion
The award for ‘Building for the Next Billion’ is to recognize startups developing and implementing solutions for social, cultural and environmental issues in India.
Winner: Aye Finance – A Gurgaon headquartered startup, Aye Finance has a mission of transforming micro and small enterprise lending in India by providing inclusive finance at affordable price to this ‘missing middle’. Interestingly, CapitalG, the venture capital fund owned by Google’a parent Alphabet Inc., had invested in Aye Finance in June this year.
Founded in 2016 by Sanjay and Vikram Jetley, Aye Finance is an NBFC that provides mortgage, hypothecation, and term loan services to the small and micro enterprises. Last month, Aye Finance has been shortlisted in 10 companies selected globally by Google for its flagship development acceleration programme “Launchpad Studio”
The Community Builder award is to recognize startups that are building solutions to support the developer startup community in India
Winner: Hasura – A platform that helps developers build, develop and scale their apps. It has instant APIs for rapid development, and it helps create a to-do app within three minutes.
Founded in by Tanmai Gopal, Anand Raj and Rajoshi Ghosh, Hasura had raised $1.6 million seed funding led by Nexus Venture Partners, in April this year.
[Top Featured Image – Team of Nasofilters | Credit – Nasofilters.com]