Top 10 Indian Hardware Startups Building Products for India and the World
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- čas přidán 2. 06. 2024
- In today’s video, we take a look at the top 10 Indian hardware startups building products for India and the world
00:00 Introduction
02:32 #10 Openapp
03:28 #9 AjnaLens
04:29 #8 DrinkPrime
05:32 #7 Makers Hive
06:26 #6 Atomberg Technologies
07:27 #5 Smartron
08:57 #4 Emotix
10:05 #3 GOQii
11:08 #2 Boat
12:16 #1 GreyOrange
#10 Openapp: Founded by Gotama Gowda, Siddesh Keluskar and Rajshekhar Jenne in 2014, Openapp builds smart IoT-enabled locks for their customers. Right now, their smart locks are being used across more than 500,000 and it is India’s smart lock maker.
#9 AjnaLens: Founded by Abhijit Patil, Abhishek Tomar, Gaurav Godbole, and Pankaj Raut in 2014, AjnaLens builds AI-powered mixed reality glasses. They launched their first product AjnaBolt for the Indian military in 2020 before launching their enterprise product AjnaX earlier this year.
#8 DrinkPrime: Founded by Manas Hota and Vijender Reddy in 2016, DrinkPrime began its journey as WaterWala in 2014 with the goal of bringing structure to India’s disorganised drinking water space by providing 20L waters cans on demand. Today, they have built their own smart water purifier which is being used by 25,000 of their customers to get clean drinking water for a monthly subscription.
#7 Makers Hive: Founded by Harsha Reddy Ponguleti, Pranav Vempati and Suren Marumamula in 2018, Makers Hive’s flagship product, KalArm, is India’s first fully functional bionic hand, which only costs between ₹3.5-4 lakh which is about a tenth of the cost of similar products outside of India.
#6 Atomberg Technologies: Founded by Manoj Meena and Sibabrata Das in 2012, Atomberg Technologies used their prototype energy-efficient motor to manufacture energy-efficient ceiling fans for Indian consumers. Since the launch of their energy-efficient ceiling fans in 2015, Atomberg Technologies has sold more than 1 million units.
#5 Smartron: Founded by Mahesh Lingareddy, Rohit Rathi and Narsi Reddy Posham in 2014, Smartron manufactures everything from laptops, smartphones and electric bikes. However, they plan on launching their own home automation products in the future - which will be powered by their own AI-powered ecosystem called TronX.
#4 Emotix: Founded by Chintan Raikar, Prashant Iyengar and Sneh Vaswani in 2014, Emotix builds an AI-powered personal robot for kids called Miko. The latest version of these personal robots is called Miko 2 - which uses AI and computer vision to engage with children in educational conversations. The startup has successfully sold their products across more than 140 countries.
#3 GOQii: Founded by serial entrepreneur Vishal Gondal in 2014, GOQii sells wearable fitness devices that can track vital health statistics like oxygen levels, blood pressure and heart rate. Today, they are already the second-largest wristband wearables company in India, behind only Xiaomi. While they manufacture their products in China, the startup has now committed to moving their manufacturing to India.
#2 Boat: Founded by Aman Gupta and Sameer Mehta in 2016, Boat started their journey by selling charging cables, before moving to products like earphones, speakers and smart-watches. In just five years of their launch, Boat has managed to build the world’s largest wearable brand out of India - while raking in ₹701 crore in revenue and making ₹49 crore profit in the process in FY20.
#1 GreyOrange: Founded by Akash Gupta and Samay Kohli in 2011, GreyOrange manufactures smart robots that are used by companies around the world to increase efficiency and productivity in their warehouses. While GreyOrange is an Indian startup, the majority of their revenue comes from outside India, making them a perfect example of a hardware startup building from India for the world. They are also planning to go public soon by taking the SPAC route in the US.
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So sad to see that no one bid on it yet.😔
This is very intersting, it will be off-topic but can you make a video on how the logistics of NFT work? I mean if one crops out one part of your thumbnail and sells it is it legally okay to do so?
all d endian can do is jugaad hardware only lol haha....
@@mehtakhanjan and i kno some many bhagwans they copy from animals in forest after they say from rats cows monkey elephant and make bhagwan hhaha lolzzz
Listening this with my wireless Boat headset.
Hi Caleb, thank you for featuring DrinkPrime in the list. Building Hardware is hard but extremely rewarding to see a real product in the hands of users!
Nice job 👍
Hi sir, I am preparing for IIT-JEE and aspire to become an entrepreneur like u all
Hey Manas, so glad you saw the video 😁 best of luck on the hardware journey, you guys are doing a great job. -Caleb
I remember watching you guys here.
@@abhishekdev258 after long time I'm seeing you make a comment on this channel
A better homegrown startup than Grey Orange would be Ati Motors. It was founded by an IISc professor (a child prodigy, and another person) who also built the simputer. The simputer was at the time (1990s) one of the most advanced hardware devices in the world.
Yes bro..Startups companies and Iisc drdo iit isro retired scientist can found many new companies..
I did not know about this. Thanks for letting me know. Sad to know that an innovative product launched in India failed because lack of customers, govt interest etc
@@shikharashish4839 no, it is/was a very much Indian invention and was built by a company still based in India. It just died out. And it was built when India had just opened up, we were in a financial crisis then. I'm confident (I'm sure your are as well) that such an invention will certainly get the funding it needs. You may not know it, but Indian universities (especially IITs and IISc and IISERs are instrumental in building deeptech in India). Either the govt or PEs would gladly invest in an Indian invention
@@kshitijshekhar1144 thank you for writing such a long comment with the in depth information. I actually made my previous comment due to less knowledge about it. simputer was simply awesome innovation,
@@shikharashish4839 No prob
Being a canadian you talk more about indian startups than I know as an Bengalurian. Keep going bro. Good luck for all your videos on Indian content.
Edit: Now I know you both Caleb and Prithvi reside in India. Keep going.
Bro, come back to India for a holiday
He lives in bengaluru too 😅
+1 for Grey Orange. Having worked there in the past, i can say its one of the best orgs to work for :)
That's awesome Navneet.
I was surprised that I hadn't heard much about GreyOrange despite the amount of reach they have. Looks like they might soon be going public. Kinda wish they did it in India but with their customer base - I guess it makes sense for them to IPO in the US.
-Varun
@@backstagewithmillionaires They have a bigger presence in North America and EU. So having IPO in US makes more sense.
@@backstagewithmillionaires Btw I would really love it if you cover Indian SaaS startups if not already. My current org is one of the fastest rising startups in e-commerce advertisement domains. CommerceIQ
I was planning to work for Grey Orange back in 2017 when I was in 2nd Year of my B.Tech. I liked the kind of details they provided in the job description for electronics engineer. But later, forgot the name of the company as I lost my excel sheet with the list of companies I found good hardware jobs in.
Provided them machinery for their r&d
It's my dream to make my own hardware manufacturing plant for electronics and computer components in India. Contributing to make India a manufacturing hub for electronic components.
Share your LinkedIn let's connect and see can we work together.
I have been like shouting my lungs out from the rooftops that Indian Unicorn doesn't and wouldn't add much value to our international image and economy unless we have a hardware unicorn. Software startups can be replaced easily. You see Twitter getting replaced by Koo by copying it. Insta reels replacing TikTok etc. You won't survive long with a software startup. Hardware however isn't easily replaceable. DJI I suppose was a startup and now this giant has hegemony over civilian drones. So does Chinese smartphone manufacturing giants. India should either grow in Hardware or utilise its already powerful IT sector to move to product-based software manufacturing. We are still proving services and BPO facilities.
True.
Hardware startups are needed, but software startups being replacerable is not true. Google is mainly software. We may not be able to replace any time soon.
@@indieboy1033 Google is an anomly. Plain and simple. Google started and was able to sell itself to yahoo which yahoo denied. At that point of time USA had a hegemony over everything. Google was different and the only option present outside of USA. What about others? You have copies of every damn software out there which not only takes away a part of pie but may even grow bigger than the original app. FInd me a replacement of Tesla. Tesla wont be getting replaced anytime soon or may well become a google of EV industry.
India needs to fund a semiconductor fab. This will enable small semiconductor firms to prototype their designs. State governments need to need to fund industrial parks that are on par with tht in South East Asia. Universities need to partner with industry to come up with short training courses in chip design, these courses can be taught outside the curriculum of the Undergraduate degrees.
Agreed to a cent percent
Wow. GreyOrange topped the list. Proud moment for me being an employee in that company 😌
As always you guys are producing brilliant content. Just a suggestion can you go a bit deeper and start explaining concepts like how to set up a company in India, unit economics of running a business? Hard technical stuff will help a lot of aspiring entrepreneurs.
Thanks for the suggestion, Saurabh. Prithvi did start something like this with his Startup 101 series a while back.
We'll try to get into more in-depth with technical concepts once again. These are definitely important concepts to grasp for any budding entrepreneur.
-Varun
7:27 ..
Bought a smartron t.Phone P back in 2017 !
At that time the product was a miracle..
Unbelievable features packed in it at that price, but that was not enough for a phone...
1) it doesn't gave software updates
2) no security patch updates
3) worst ever after sale service(took 4 months to accept our request to repair our phone and even at our cost at warranty period.!)
And at that time we felt almost it was a scam, becoz no new models and ignorant services...
absolutely tronX was a good concept.
And now after that I'm hearing about smartron here.
Might buy goqii as an alternative to the Chinese brands . Didn't even know it existed. Thanks
Bruh they are made in china
@@prasenjeetagrawal3422
Do you want Indian company which may move to India in near future or a Chinese one which manufactures here but moves back when ever it wants and don’t contribute to Indian tax money.
@@prasenjeetagrawal3422 why indian companies are also made in china ..Like boat and this also..??
@@jigsaw2281 bcoz its cheaper to manufacture in china
yes go for it , thay have coaching program where goqii assign a coach to assist you.
BTW I am a 3rd year college student, three years back when I came to New Delhi I faced many issues in finding Hostels, then I thought of starting my own startup for hostels based on the OYO model but due to some of my mistake I couldn't succeed
Keep it up bro
Its a good Idea Vickie, Don't give up, keep working!
Don't give up, it sounds great 👍👍
Good idea
Anti china consumer sentiment is pretty much limited to social media when in reality majority of people in comment section will be commenting through XIAOMI products....
Yes. But the idea is good though. We need to reach a point where we can be independent of China products and replace them in international markets.
I believe we are on the way.
Xiaomi is made in India.. We need Indian companies
@@ShubhamKumar-nl2ii assembled in india
@@ShubhamKumar-nl2ii keep supporting xiaomi ... of course its an Indian company isn't it? xd xd
@@tejasaditya551 when you have homegrown companies then you'll buy others.. I am using samsung but it doesn't provides value like Xiaomi.. All the giants are from China in this sector.. Realme Vivo Oppo Xiaomi One Plus... We are not patriots or well informed like Japanese.. Washington Apple rotted in Japan market once when they tried to sell their apple by arm twisting
Wow so great to see someone compile such inspiring lists of Indian Start-ups making global impact 😌🙏
U never fail to increase my knowledge abt the startup world Caleb. Every video is something new. Not copied… Just new🙌🏻A big fan🤘🏻 Keep going buddy👍🏻
Thanks
Thanks for putting up such informative videos every week 👏
wait how did you donate money through comments?
Hi Chaitanya, thank you so much for the financial support! 😁 Very much appreciated. -Caleb
What's up with 1.8L subs.. looks like a strong Resistance .. been watching your subs (of course, content as well) and every Saturday i expects it should be more that 2L. Hope that day comes soon
Excellent work Caleb and team deserve a thumbs up 👍
Hahaha yeah, join the club Shridhar :D
Lol it does feel like its been ages that we have been stuck at 1.8L subs. Hopefully, things will change as we plan on posting 2 videos every week consistently from now on. Let's see if that speeds things up.
Also, thanks for all your comments and support :)
-Varun
@@backstagewithmillionaires try CZcams shorts
Compounding works like magic.
Yes i guess , you guys have to be active in insta with a 30sec video like Reels or something to promote your youtube Channel...
@@backstagewithmillionaires also you can do with more youtube community posts, they will reach to more poeple....in future hope you guys can take interviews of some of the startup founders and in location in their office.
This was unexpected, I thought only startups in India are only in tech,
I forgot it's India, anything could happen
Excellent bro. Eventhough I am an indian, only through your videos I came to know about indian startups. Excellent work bro. Thanks
Glad we could help you expand your knowledge about Indian startups, Sreejith :)
-Varun
Loved the way initial context set, that why this video is important rather than just mentioning top 10 names.
Awesome video Caleb 👍👍
Very informative video .
You are the best and most trusted source for the news of Indian startup ecosystem .
I might be late for the party again. But WOW! An amazing list of startups in hardware sector. I like what Mahesh from Smartron said about manufacturing in India. But there is also a problem with that. when you send the designs and outsource it for manufacturing, it could easily be copied and replicated for cheaper price. Even big giants like Apple and others are trying to manufacture in house to reduce the reliability on others. Again, there are pros and cons in everything, one has to leverage on the company's goal.
Haha don't worry Karthik, just glad you got a chance to watch the video 🙂 And very pleased to know that you enjoyed it too! Mahesh definitely took a controversial stance here, which can be argued for and against very strongly haha that's one of the reasons I included that portion, to generate some debate. I wasn't a big fan of his diminutive explanation of Chinese society, I think he grossly generalized and oversimplified it, but maybe he used that to counterbalance his approach to manufacturing, to ensure that people don't start pointing fingers at him. Either way, as you said, there are certainly pros and cons here! Like you said, the copy and paste thing can happen once a company gets big - you can buy fake iPhones and grey market parts in China, and that's mainly due to the fact that a lot of the manufacturing happens there. So if Smartron dreams of becoming big and avoiding a similar fate, they may need to rethink their strategy. There's also the argument of supply and demand. China met a demand that was probably quite a bit smaller than it is today, in the early days when electronics manufacturing was just picking up. India failed to do that, which is why it hasn't become the manufacturing hotspot that China is. So manufacturing is now difficult in India, and for some things, nearly impossible. But where there is a will, there is a way. Even if it is much easier to outsource to another country, if many Indian companies decide to come together and force themselves to manufacture in India, it could create a wave of demand that might end up stimulating supply to the point where there is a ripple effect throughout the rest of this decade and into the 30s. India could come out on top here, it will just require a team effort. -Caleb
@@backstagewithmillionaires I agree. India would take years to compete with other manufacturing countries. But if more companies start to adopt in every aspect then we may see some major changes.
Thanks
You got a new subscriber
And I would also encourage citizens of India to come up with more startups and brilliant ideas for future of 🇮🇳🇮🇳
Peace ✌🏻
Credit to you bro. Love to see many more start-up's videos about India.
India is beautiful!! ❤️🕉️
Thanks sir we are fond of your such researchful videos....keep bringing up such startup videos....
Your video will inspire a lot of engineers for startups. Great video BTW👍
Most reliable & awesome channel to learn updates and in general of startup ecosystem...
The Work is commendable.. 🙏
Thank you, Sujant :)
-Varun
Awesome to see these. Nice compilation!!!
Glad you enjoyed it, Navadeep :)
-Varun
Makers hive sounds like a gold mine, both in terms of helping society and returns on its stock once it goes public!!
I've been waiting for this video for a long time.
I'm so glad we could finally deliver it to you Harsha 🙂 -Caleb
Loved the video. Keep doing the great work.
Good research. Loved to see design and make in India growing
Love you work ♡ thank you!
Great research about Indian Startup!
Nice informational compilation.
Wow very nice info really enjoyed this 👍
Very good topic, Thanks. 🙏🎉💗👍
"Ambitious" and "Gutsy" is what I would say about these people. Starting a new company in hardware...man that requires balls.
I hope government, bureaucrats and unions don't uproot these companies even before they produce fruits.
Awesome
Thanks
You guys really doing well to create started ecosystem
Superb !!! All the best to all of them for the future 👍
Your efforts are amazing 👍 great video
Hey Caleb, thank you for featuring Openapp. And as usual, great content! 😊
Thanks for watching, and great to see you guys down here in the comments! 🙂 Love the idea behind your company, traditional padlocks are such a pain, so thank you for innovating! -Caleb
Amazing work...👍✌️🙏💐🤝🌏🗺️👽
Love this one ❤️
Very informative 🙏
Thank for such good video
Literally your content are pure gold. Love your videos and efforts guys. ❤️❤️❤️
And thanks for increasing my knowledge. 🙏
I am glad that you are finding our videos valuable, Prateek :)
-Varun
Proud to be Bangalorean❤️🇮🇳
now a days products of apple are designed in california but are assembled in india and thats a great thing to learn and i am proud that india should see more of america and india join venture and become a great startup
That's Amazing, thanks for the Video.
You are welcome, Rajesh. I am glad that you enjoyed it. :)
-Varun
To anyone reading this comment, and those who are serious about buying made in India hardware to support the local economy, the least you can do is to avoid Micromax, Lava, and Boat. They are Indian companies that completely outsource to China.
If we support them today then they will shift their manufacturing to India tomorrow.
@@kanekiken2002 yaa its true to a large extent.
Don't by anything from boat really bad quality products and equally bad after sales service
@@kanekiken2002 no, boat made huge profits because they settled their manufacturing in china. Only after increasing anti china sentiment did they decide to move back to india.
Crisp and short .. I liked it
Superb video machi.I am founder of med device startup ARIES BIOMED ,you are very correct no VC or Angels to like to see even for a HW startup as it involves so many Working capital and compliances issues that to in MED device not even big Bs like TATA,MAHINDRA AMBANI ADANI in to .Hardware startup that to in MED DEVICE space is highly tough is what i am facing with my own money still to see end of the tunnel.Thanks. Keep rocking.
Great work 👍
Awsome one ❤️🌟❤️🌟❤️🌟❤️🌟❤️🌟
Great man!
Salute to your Hardwork for collecting all this information very accurately!!!
thanks love the videos.
Thanks man very cool video.
Glad you liked it, KRG!
-Varun
Much Needed Information
Excellent informative videos, thank you so much. Just subscribed your channel.
You should make more such videos, likes to views ratio clearly shows that. And I too love them. So keep em coming!
Agreed, Vinayak! More are on the way :)
-Varun
@@backstagewithmillionaires will be waiting...
Thanks budy there is no indian youtuber give info like this to us. Thank you agin.
thanks for video
Love from Kolkata.wb.India
Great Video
very inspirational.
Amazing efforts
Really more informative and inspirational to me. The content is very new and original. Excellent. Please concentrate and continue your good work.
That's the plan, Subramanian :)
Thank you for all the support and your encouraging words.
-Varun
Creative thumbnail
Awesome
The Indian Govt need to watch this video for sure!!
High Informative
Nice analysis
The thumbnail is so cooool😍😍😍😍
Whatever you share positive news about India will get hugely supported
Hey Caleb, great video about hardware startups, I run a hardware startup myself and Im looking for smartwatch/smartdevices bulk manufacturing companies in India or India friendly countries with strong IP regulations. It'd be great help if you could point me in the right direction... thanks buddy.
great video buddy sry i was late today i have seen this video and happy ganesh puja to u may god bless u with everything u need 🙏🏻❤️
Thanks for watching, iems Ajit. We are glad that you enjoyed it. :)
Also, happy Ganesh Chaturthi!
-Varun
awesome I didn't there was these startups in India
Hey! Great content. I want to learn how to start a startup! Like what legal things are to be done and other important stuff apart from the product itself! Please make content regarding it and if it is already there please point me to that content. Thanks again!
One day my waste plastic recycling startup will join this league also. And you will update also.🤗
We are waiting for it, Chandan :)
Personally, I think we could use a lot more waste management startups in India. Seems like a perfect opportunity waiting to be grasped.
-Varun
@@backstagewithmillionaires Thanks Varun I have lots of working idea and working on plastic waste and substitute of many metal and wood. Currently I am manufacturing in wood at micro level and hope soon I will have enough fund to initiate.
@Hammer Head yes we can. Plastic waste are so much. 100 big companies will be not enough to recycle it alone in india. However we can try. It is going to generate jobs and wealth as well.
Great list. 👍👍
Thanks Abhishek 🙂 -Caleb
Awesome video looking for more
More are on the way, Jay!
-Varun
Boat is a marketing company ,it doesn't design or manufacture any devices
Yes if you are considering boat, then iBall, Amkete, so many other companies are there. Just because they are successful and sell electronics, doesn't make them hardware company.
100% I agree with you. They are fooling Indian customers. It is nothing but bloody Chinese products marketed in Indian as Indian products. Pucca cheating.
They are just micromax 1.0 with a better marketing strategy.
Last one year I have left many lucrative product deals . Just because of Made in PRC.. I try to buy MID even if costly or not that many features. If that is not possible Made in Taiwan Thailand Germany .. so atleast it's true for me
I use Atomberg fans . Very good looking and efficient .
Jai shree Krishna 🙏. Nice video
Grt video .... And ...
One thing india is clearly known for is views ....
Keep covering such topics
Glad you liked it, Ishiki no Kami :)
-Varun
Very well made video 👍🙏
Glad you enjoyed it, Aham :)
-Varun
Very exciting. Am looking forward to micro servers etc.
well done India - from Pakistan
Wow... Ajna lens is interesting...
Want to know more about success and progress of this firm...
Great
Hi Caleb... Nice content. Do take a look at Spintly as a homegrown hardware startup.
Very nice
For algo.
Great video as always.
Thank you for your continued support, Utkarsh :)
-Varun
Nice.