Half of the companies in the latest batch of startups shortlisted under Nasscom Emerge 50 are engaged in B2B businesses with many serving global clients, in further validation of emergence of enterprise clients-focused startups in the country. Nasscom Emerge 50 is an annual exercise of the software industry association to identify and showcase 50 most innovative, emerging IT product startups. Started in 2009, the programme is in its eighth edition now. Last year, only 30% of the shortlisted startups were in the B2B space. Also, this year some B2B players including EdGE Networks and SirionLabs made it to the top 10 `League of Ten’ list.
“Not many Indian companies are out there in the global B2B space.We want to build our company and sell in the global market competing with the likes of IBM, Oracle, SAP, etc,” said Ajay Agrawal, CEO of SirionLabs, a Gurgaon-based enterprise software maker.
This year’s list of Nasscom Emerge 50 startups, shortlisted from over 450 nominations, also shows a marked increase in startup activity in tier-II and tier-III cities. While there were hardly any applications from the smaller cities last year, this year, applications poured in from cities such as Jaipur, Indore, Kochi, Coimbatore, Visakhapatnam, Thiruvananthapuram, Amritsar and Chandigarh, amounting to 6% of the total applications, according to Sangeeta Gupta, senior vice president at Nasscom. They saw a much more nichefocused startups than startups that were doing similar things. “Another differentiator this year was the focus on core technologies such as AI (artificial intelligence), cloud (cloud computing) and IoT (internet of things).”
Also in Israel we have more than 1,000 new startups per year, thousands of entrepreneurs and a comprehensive business ecosystem, Israel has truly earned the title of “Startup Nation”
Israeli innovators and inventors are leading the future of business within: New Media & Internet, Cyber Security, Water Technology, AgriTech, Health & Life Sciences, Financial Technology and the Automotive Industry among many others.
Interested startups in Indian are invited to learn more on potential collaboration with Israeli companies, please contact the Economic and Trade Department at the Israeli Consulate General in Bengaluru