It is a a good time to reflect on
how the startup ecosystem has performed in the country. Now, there is a great rush of venture money and a significant
uptick in valuations. As a seed round of a million dollars has become the new
norm, startups have started mushrooming everywhere
We can see technology being used in all the areas given below :-
IoT and Wearables -Internet of
Things (IoT) has been taken up by big tech companies, which has meant over a
billion dollars have been invested in startups in the IoT space globally now.
Now, the entire wearables segment has seen a number of significant products
taking over our life. Fitness products that look to help us maintain a healthy
lifestyle use technology a lot. Fitness bands are the most popular wearables today,
followed by smartwatches. Top tech companies like Samsung and Apple have invested
heavily in smartwatches, even Google has
tried its hand in it. With this, many startups now consider wearables to be very
important area.
Food Tech – This is the segment
has been adopting technology a lot. They have they have now figured out a lot
can be done in the aggregation business and in delivery. Thus is bound to only
increase now.
Hyperlocal – Now, many companies
like BigBasket and Pickingo are trying
to get attention to deliver products locally.This is bound to grow in the
future.
Operations & Logistics Management :-This segment has now started finding niches and diving deeper. This has resulted in many startups. These local delivery startups, food delivery startups and many others using eCommerce.
Local Services Marketplace:- Now, whether one needs a plumber, electrician, a dance teacher or someone to teach you yoga, startups such as Urbanclap help us zero in on the desired service provider. Other services like caterers, photographers, drivers are also included here.
Operations & Logistics Management :-This segment has now started finding niches and diving deeper. This has resulted in many startups. These local delivery startups, food delivery startups and many others using eCommerce.
Local Services Marketplace:- Now, whether one needs a plumber, electrician, a dance teacher or someone to teach you yoga, startups such as Urbanclap help us zero in on the desired service provider. Other services like caterers, photographers, drivers are also included here.
The fact is that now that
technology has arrived, startups are indeed making the most of it. This is bound
to increase as the digial world is increasing its presence everywhere.
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