A look at the five shortlisted entrants in the Top Innovator category for The Economic Times Startup Awards 2020.
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.
Founders: Ranjan Kumar (in pic), Bharat Shekhawat
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.
Founders: Dinesh Advani, Vivek Goyal
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.
Founders: Nikhil Tripathi, Mahesh Jakhotia, Nukul Upadhye, Jitender Bedwal, Daya Rai
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.
Founders: Srinath Ravichandran, Moin SPM, Satyanarayanan Chakravarthy
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