A look at the five shortlisted entrants in the Top Innovator category for The Economic Times Startup Awards 2020.

FalconX

Founded: 2018

Founders: Raghu Yarlagadda (in pic), Prabhakar Reddy

Based: San Francisco, Bengaluru

Key investors: Accel, Lightspeed Venture Partners, Coinbase Ventures

What it does: FalconX is a digital asset-trading platform that helps clients perform complex cryptocurrency trade in real time using data science. Its goal is to eliminate slippage and hidden fees. The company’s clients include financial institutions such as hedge funds, proprietary trading firms, payment gateways, over-the-counter trading desks, cryptocurrency miners and exchanges.

Entropik Technology

Founded: 2016

Founders: Ranjan Kumar (in pic), Bharat Shekhawat

Based: Bengaluru

Key investors: Sea Global Capital Partners, Bharat Innovation Fund, Parampara Capital

What it does: Entropik is an advanced emotion AI analytics platform that helps brands measure the cognitive responses of consumers to various products and experiences. It makes use of proprietary technologies such as brainwave mapping, facial coding and eye tracking to uncover subconscious trends, which are used to help clients enhance marketing strategies and customer experience.

PlayShifu

Founded: 2016

Founders: Dinesh Advani, Vivek Goyal

Based: Bengaluru

Key investors: Chiratae Ventures India, Inventus Capital Partners, Parampara Capital, Bharat Innovation Fund

What it does: PlayShifu creates immersive, augmented reality-based educational toys for children aged 3-11. The products are designed and engineered to stimulate foundational abilities, and build science, technology, engineering and mathematics (STEM) skills through a mix of physical toys and digital platforms that interact seamlessly.

Bijak

Founded: 2019

Founders: Nikhil Tripathi, Mahesh Jakhotia, Nukul Upadhye, Jitender Bedwal, Daya Rai

Based: Gurugram

Key investors: RTP Global, Sequoia Surge, Omidyar Network, Omnivore, Better Capital

What it does: Bijak is an agricultural commodity trading platform that seeks to bring suppliers and buyers together. The company helps traders to rate and review, allowing both buyers and sellers to make informed decisions. It aims to make money through lending and logistics marketplaces.

Agnikul

Founded: 2016

Founders: Srinath Ravichandran, Moin SPM, Satyanarayanan Chakravarthy

Based: Chennai

Key investors: Speciale Invest, IIT Madras Incubation Cell, Pi Ventures, CIIE

What it does: Agnikul is developing a launch vehicle capable of hurling micro satellites into low earth orbit. Its first launch vehicle, Agnibaan, will be a three-stage rocket. Each stage will have its own single-piece, 3D-printed, semi-cryogenic engine that will be lighter and more efficient than conventional rocket engines.

Story from : tech.economictimes