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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