Overview
- Take a look at 10 of artificial intelligence startups (HE) most impressive of India
- We focus on a diverse field of AI startups, including Healthcare startups, Logistics, FinTech, among other.
- Any AI start-ups we missed? Let us know in the comments!!
Introduction
“AI is the new electricity”. – Andrew Ng
When Andrew Ng speaks, you drop everything and pay attention. That's what i (and thousands more people) we did when Andrew Ng compared our age of AI to the discovery of electricity.
We really are living in the age of artificial intelligence. Businesses are spending billions of dollars just to stay relevant in today's ever-changing environment. If it doesn't support artificial intelligence, the consensus is that it will soon be in the industry too.
This got me thinking: Could you bring out the AI startups in India that are actually sparking a global revolution? It was an interesting search. I established a framework or criteria to filter the top AI startups in India (that we will see soon).
Therefore, This article highlights India's top AI startups, the main initiators, who are using artificial intelligence to build a better future for us. Ready to dive in and see the framework I used to create this list??
If you are completely new to artificial intelligence, here are some articles to get you started:
Framework for preselecting startups
This list has been selected based on certain parameters that act as indicators of startup success.. The parameters on which startups have been evaluated are:
- The sector / Market: The industry in which the startup plays and the opportunities it can take advantage of in that market.
- Investment: If the startup has raised funds, the quantity and quality of funds received.
- Of course, the main criterion was that the startup should be in India!
Our pick of the best AI startups in India:
- Conversational AI startups
- Health startups
- Logistics startups
- Startups Fintech
- Other amazing AI startups
Conversational AI startups
Chatbots are ubiquitous these days. From companies to the research laboratory, have become an integral part of an organization's strategy. Learning how to build a chatbot from scratch is a highly praised skill in data science.
Haptik.ai is the world's largest conversational artificial intelligence platform. I'm a big fan of Haptik. The company was launched in 2013 as a comprehensive application for all daily tasks and is now, undoubtedly, a market leader in its field.
Haptik provides 16 different channels of texts and voices for users to create, implement and manage a conversational app. Haptik only focuses on use cases to enable end consumer engagement based on actual conversation data of over 1 billion messages.
With the help of AI, Haptik helps millions with their daily tasks, including me. Its ability to respond quickly and resolve queries is quite remarkable.. In fact, is a personal assistant.
Avaamo is another conversational startup currently serving six industries: insurance, financial services, medical care, telecommunications and retail.
Founded in 2014, Avaamo has made a name for itself in a few 40 countries. Very impressive!
Avaamo specializes in conversational interfaces to solve specific, high-impact business problems. Use AI to make conversational computing a reality for the business.
Unlike first-gen conversational AI, where a user could only pass commands like play music O open camera, Avaamo provides a second-generation conversational artificial intelligence experience that runs rich, multi-shift conversations capable of handling customer service inquiries, generate insurance quotes or answer health care claim inquiries.
Health startups
This AI startup will resonate with many of you. Healthcare is a domain where AI must make its mark. Progress has been slow due to various reasons, but things have looked promising in recent years.
NIRAMAI it means “Non-invasive risk assessment with artificial intelligence”. In sanskrit, Niramai means to be free from disease. It is a novel solution for the detection of breast cancer.
Breast cancer is the leading cause of cancer death in women today.
According to WHO, one of each 12 women are at risk of having a breast abnormality. Indian women have only about the 50% chances of survival.
Niramai provides a cost-effective way to screen for breast cancer and is a better alternative to the existing mammography method that requires a high capital cost. The main drawback of mammography is that it can only be used in women older than 45 years because it cannot effectively identify tumors in younger women.
The core of the NIRAMAI solution is Thermalytix, a computer-aided diagnostic engine powered by artificial intelligence. Cross this link to learn more about how Niramai uses AI for early cancer detection.
Doxper
Doxper is another Indian AI startup working in the healthcare sector.
Have you ever seen hospital records? Keeping patient records is a hectic task, it's really a formidable feature. Doxper helps simplify the way healthcare data is recorded.
Doxper also helps doctors, hospitals and patients. Improves doctor-patient interaction. Doxper aims to provide easy storage and retrieval, automated patient follow-ups and automatic data transcription.
When information is written with Doxper, stored in the cloud and automatically shared with the patient immediately. This helps keep records secure and makes communication with the patient really easy..
Hospitals can use it to immediately digitize Emergencies / Emergencies, OPD and UCI. This can also be used in existing HIS systems via intuitive APIs.
This is a remarkable product that helps the healthcare industry digitize their patient records..
Logistics Start
AI has left no stone untouched. It has found its niche in almost all sectors, even in the field of manual logistics, that before was gigantic. Quite a few new AI-powered logistics companies are emerging and LogiNext is definitely among the leaders right now..
LogiNext helps manage field services. Track and optimize field agent movements in real time on a single map interface.
LogiNext helps organizations plan and manage dispatch schedule, delivery routes and capacity in the most cost-optimized way.
Empower your users by giving them the power to track (in real time) shipping every minute. Provides insights and visualizations based on predictive and big data analytics. Logistics analytics helps the user accurately predict the future with algorithm-enabled location intelligence and optimize logistics and field service management operations.
Provide all the details from pickup to delivery. Also provides comprehensive field service management analysis.
Logistics and field workforce management solutions are fully automated, they are effective, secure and can be seamlessly integrated with multiple platforms providing full logistics automation.
Another logistics startup on the list is Locus. Started in 2015, the company offers facilities such as route planning and optimization, real-time fleet tracking, information and analysis, and automated shipment classification and passenger assignment.
Locus.sh offers a number of features, including:
- Intelligent geocoding: Convert the fuzziest directions into precise geographic coordinates. This increases order delivery in fewer vehicles and reduces fuel costs..
- Shipping overview: This feature allows you to view your plans on one screen in the post-planning session through three different metrics: geography, time and vehicle. This helps to visualize the cluster shapes and ensures minimal path overlap.
- Predictive alerts: Warns you of any type of non-compliance. This feature helps keep track of resources on the ground. Receive instant alerts in case of any deviation from the planned route, non-designated stops, rest times exceeded, etc.
- Live tracking: The Locus.sh system allows you to share order shipping details with customers. Current latitude and longitude are provided, the driver's contact details, etc., which improves customer engagement.
- On-route analysis: This function helps to compare the planned delivery routes with the executed ones. This also helps to analyze the driving behavior of the driver.
Startups Fintech
AI in finance makes intuitive sense. Finance is all about number processing (well, almost!) And the machines are well equipped at the moment to work with numbers.. It's a perfect match. Therefore, no wonder the FinTech sector has seen a massive increase in artificial intelligence applications.
Rubique is one of those FinTech startups that is helping to simplify finance through the use of AI.
Rubique wants to revolutionize the financial industry by introducing predictability. This helps its users to find the best option for their credit requirements with the help of an artificial intelligence-based recommendation engine and Rubique's financial matchmaking platform..
Rubique's multi-sided lending platform offers features like e-KYC, bank statement analysis, credit bureau check, Credit memo generation and MCA integration along with real-time app tracking for a paperless experience.
Rubique is doing a great job of providing world-class solutions to the entire loan spectrum.
LendingKart is another brilliant startup tackling the financial sector by providing small business loans. Distributed in more than 1300 cities, LendingKart is on its way to becoming one of the world's leading FinTech companies. Here is his official statement:
LENDINGKART Group tiene como objetivo hacer que la financiación del capital de trabajo esté disponible al alcance de los empresarios, para que puedan centrarse en los negocios en lugar de preocuparse por las brechas en sus flujos de caja.
LendingKart ha desarrollado herramientas tecnológicas basadas en análisis de macrodatos que facilitan a los prestamistas evaluar la solvencia del prestatario. No se centran en los registros anteriores del proveedor. El objetivo principal de LendingKart es poner a disposición fondos de capital para ayudar a los empresarios a concentrarse en su negocio en lugar de preocuparse por las fallas en el flujo de caja.
Other amazing AI startups
The agricultural sector is synonymous with Indian values. It is an integral part of this country and who we are. Then, What can AI do to accelerate progress in this field? CropIn, a startup based in Bengaluru, offers a glimpse into the future of agriculture.
CropIn is a smart farming app that provides future-proof farming solutions to the entire industry. It is an intuitive system, intelligent and self-evolving. The company offers real-time solutions to predict trends, file patterns and make a plan for future business.
CropIn has the ability to generate live reports and also provides geographic analysis, interpretation and knowledge. Data collection through a smartphone application ensures efficient operations, lower costs and better visibility for your field agents at all times.
CropIn's vision is to maximize value per acre and the mission is to make every farm traceable.
Real-time insights help make planned and responsive business decisions. The predictability of the quantity and quality of performance combined with a reduced cost of operation results in higher productivity for businesses.
Imagine an AI that helps you transact end-to-end online. Sounds too futuristic to be true. But here's the good news: it's here!
Niki.ai is a virtual agent that conducts end-to-end online transactions for you on multiple domains. Everything, from postpaid recharges to hotel reservations, Niki covers the whole process.
Niki uses AI to book and make payments after receiving some user input. This reduces the end-to-end interaction time of the customer and the service provider and helps to provide fast and responsive services..
Movie ticket reservation, house bills, bus reservation, event booking, etc. – you name it and Niki does it.
Final notes
In this article, We saw some of India's most amazing AI startups that are changing the way we live. This is by no means an exhaustive list. There are MANY artificial intelligence startups emerging right now that bring their own unique brand to the table..
If you come across any other AI-based Indian startup that has the ability to make an impact and affect millions in a positive way, let me know in the comment section. Until then, keep learning!
