The Indian e-commerce ecosystem is on a rapid growth trajectory, expected to reach a gross merchandise value of $350 billion by 2030. The market is growing at a compound annual growth rate (CAGR) of 27%, with projections to hit $163 billion by 2026.
Skyroot Aerospace is making space more accessible. Founded by Pawan Kumar Chandana and Naga Bharath Daka, both former scientists from the Indian Space Research Organisation (ISRO), this startup specializes in building cost-effective and reliable launch vehicles.
The Indian footwear market, a vibrant segment of the retail sector, is witnessing unprecedented growth and transformation. With a market size valued at US$ 15.22 billion in 2022, the industry is on a robust growth trajectory, projected to reach nearly US$ 35.43 billion by 2029, growing at a CAGR of 12.83% from 2023 to 2029.
If you’ve ever thought mushrooms were just for pizza toppings, think again. The global mushroom market is booming with a valuation of over $50 billion in 2021. This surge is driven by increasing awareness of mushrooms’ health benefits. And Nuvedo is here to bring this to your home in the form of a growing kit. They also delve into wellness with their range of mushroom-based nutraceuticals..
Imagine stepping into your favorite movie, walking through fantastical landscapes, or attending a concert halfway across the world—all from your living room. Psychic VR Lab, a visionary startup from Japan, is turning this futuristic scenario into today’s reality with Extended Reality or XR. Their flagship product, the STYLY platform, is changing how XR technology is being used.
Poised to surpass a staggering $4.2 trillion by 2024 and with over 15 million restaurants worldwide, the foodservice industry is massive. Surprisingly, less than 30% of restaurants leverage technology for operations. Jamix is one such innovative kitchen intelligence system that tackles the challenges of kitchen management head-on.
With the global population soaring, the pressure on agriculture is immense. Traditional methods no longer cut it. So, Farmers worldwide are turning to technology, from drones mapping fields to AI predicting crop yields. The global agritech industry is booming, set to reach $22.5 billion by 2025. And startups like FarmAgain are bringing this revolution to India.
According to a report by NASSCOM, the software industry is on track to reach $18-20 billion in revenue by 2022. Also, A study by Bain & Company highlighted that India is home to more than 1,000 SaaS companies, with about a dozen achieving ‘unicorn’ status (valued at over $1 billion). With its position as the second-largest SaaS ecosystem globally, India’s is on an impressive growth trajectory. Especially in areas like DevOps, Cybersecurity, Vertical SaaS, and Generation AI.
India is becoming a hotbed for AI innovation. We house over 3,000 deep-tech startups, focusing on cutting-edge technologies. The Indian generative AI landscape alone includes over 60 firms. In a notable year, 2022, these startups attracted more than $590 million, highlighting the sector’s tremendous growth.
Studies indicate that most burglaries occur during the day when homes are empty, and shockingly, 34% of burglars enter through the front door (Safety.com, 2021). Thus locks are your first line of defense. The VSafe offers smart lockers and door locks with high-tech features from real-time monitoring to instant alerts on unauthorized access attempts.