3 Rising Startups to make an IMPACT in 2022
The past two years have been a rollercoaster journey for most, if not all, firms in the market. When the pandemic hit, several companies, succumbed to their fall due to a lack in demand for their goods or services. Several other companies didn’t just survive, but they thrived off of people’s demand for their products. Amidst this chaos, many brilliant minds discovered opportunities as they learned about the public’s limitations in the pandemic and came up with solutions to all their needs. These were the entrepreneurs with their startups – new and old – who came forward and seized the moment when they found it.
In this article, we have summed up a few of such startups and how and why 2022 is gonna be the year they shine bright like a diamond!
With the technological advancements and the move into a fast-paced automated era, villages are being transformed into towns, towns into cities, cities into supercities, and more. People flock to the best metro cities in search of better lives and opportunities. Everyone is so busy these days securing a better future, a financially stable life, that we have all forgotten to take care of our mental health.
Enter Wysa! Established in 2015, by Jo Aggarwal and Ramakant Vempati, Wysa is a Bangalore-based, user-friendly, virtual coach that has an AI-powered chatbot to provide empathetic listening services and uses therapeutic techniques like Cognitive Behavioral Therapy (CBT), and several exercises aimed at one’s emotional and mental wellbeing.
In a short span of just five years, the app has gained a lot of popularity and has raised a funding of INR 90 lakhs ($9 million), apart from the Series A funding of INR 5 crores 50 lakhs ($5.5 million).
CEO, Jo Aggarwal states that the app is made as an outlet for people to vent to. In the rough estimate of their 30 lakh users, only 10% need medical diagnosis and help from a human therapist.
The mental health app is set to turn heads and help more people in the upcoming years, and we are excited to see it grow even bigger.
Formerly known as Faasos, Rebel Foods is the world's largest chain of online restaurants founded by Jaydeep Barman and Kallol Banerjee in 2011. It is the first cloud kitchen in the market to earn Unicorn status i.e., have a valuation of at least INR 1500 crores in the 2021 Hurun List.
Competing with online food courts like Zomato and Swiggy, Rebel owns around 20 brands under its umbrella including, The Oven Story, Mandarin Oak, Behrouz Biryani, and Sweet Truth.
Its Unique Selling Point (USP) as explained by the co-founder Kallol Banerjee, is the personalization it offers on each order. The cloud kitchen giant provides innovations like being able to see your food being cooked and being able to talk to your chef.
Congratulations to Rebel Foods for entering the Unicorn club this month, and as per its 2020 financials, revenues are up by 84% to INR 572 Crores, we hope to see it reach even higher heights (and maybe give us a small, free treat😜 for achieving this feat and many more to come).
Founded in 2010 by Krishna Kumar and Kunal Prasad, CropIn is an AI and data-powered, Bengaluru-based startup, providing SaaS (Software as a Service) solutions to agricultural businesses all over the world. The company’s platforms, SmartFarm and SmartRisk, use machine learning, satellite imaging, and AI to analyze crop patterns, the condition of the soil, weather changes, and more to boost land productivity and ensure the best crop to farmers.
The Agri-tech startup has automatized over 3.2 million acres of agricultural land and has helped over 2.1 million farmers yield better crops with its services. CropIn has so far raised over $33.1 million in funding, including the recent $20 million in Series C funding by ABC World Asia, and is valued at $64.7 million as of December 2020.
As the world progresses into the digital era, this startup is sure to change the marketplace for farmers as well as buyers, with its innovative tools and software services. We are eager to see how this one helps in bringing about the digital change on the agricultural front.
As we come to the end…
The list of rising startups that can shake up the marketplace is growing longer day by day. The common factor of all these startups is that they started somewhere! They believed in their ideas even when no one else did. And when the opportunity presented itself, they jumped on it and exploited it the best they could. So, a word of advice from yours truly, never stop believing, and always have an eye for opportunities. Till we meet again ❣