If you’re looking to understand the vibrant Startups Company Chennai, the city has birthed some of the most exciting startups company in Chennai that are shaping India’s future. This blog will guide you through some of the key players in the city’s innovation scene for 2024. Chennai has a mix of startups that are revolutionizing industries like financial services, space technology, e-commerce, and more.
Lets breakdown together;
Here’s a look at some standout Startups company in Chennai:
Northern Arc
Northern Arc is a financial services platform that connects borrowers with investors, helping businesses grow and thrive. The company has raised $278 million in 25 funding rounds, and its valuation stands at $609 million as of April 2024. With 979 employees, it is a key player in the financial services space.
Founder Name: Kshama Fernandes
CEO: Ashish Mehrotra
Startups details: Northern Arc is a financial services platform that connects borrowers with investors.
Industries: Financial Services.
Number of investors: Founders own 0.00%, Funds (largest shareholder) own 87.20%, Enterprises own 5.33% and Angels own 0.02%.
Funded amount: $278M
Funding Round: 25
Company Valuation: $609 Million at April, 2024
Number of employees: 979+
Website: www.northernarc.com
Email ID: customersupport@northernarc.com
Agnikul
Founder Name: Srinath Ravichandran, Moin SPM, Satyanarayanan Chakravarthy.
Startups Details: Agnikul Cosmos focuses on developing customizable satellite launch vehicles using 3D printing technology.
Industries: Space Technology.
Number of investors: The company raised $26.7 million in a Series B round in October 2023.
Funded amount: $26.7 million.
Funding Round: 4
Company Valuation: $201 Million
Number of employees: Over 200+ engineers
Website: agnikul.in
Email ID: curious@agnikul.in
Vivriti Capital
Vivriti Capital provides innovative debt solutions to businesses. With 11 funding rounds and a valuation of $1.7 billion, this startup is helping businesses access the financial resources they need to grow. The company employs 343 people.
Founder Name: Vineet Sukumar
Startups details: Vivriti Capital is a financial services firm that offers debt solutions to businesses.
Industries: Financial Services.
Number of investors: 22
Funding Round: 11
Company Valuation: $ 1.7Billion
Funded amount: $205M
Number of employees: 343+
Website: www.vivriticapital.com
Email ID: vcpl.sales@vivriticapital.com
Netmeds
Netmeds is an online platform for medicines and healthcare products. Acquired by Reliance Retail, Netmeds raised $109 million in four funding rounds. With 432 employees, they continue to make healthcare more accessible to millions.
Founder Name: Pradeep Dadha, Bruce Schwack
Startups Details: NetMeds is a provider of an online store for medicines and healthcare products. It provides an online platform that offers prescription, over-the-counter drugs, and healthcare and wellness products.
Industries: B2C E-Commerce
Number of investors: 7
Funding Round: 4
Funded amount: $109M
Number of employees: 432+
Parent Company: Reliance Retail
Website: www.netmeds.com
Email ID: cs@netmeds.com
BankBazaar.com
BankBazaar.com is one of India’s largest platforms for credit cards and free credit score checks, with over 50 million registered users. With $131 million raised and a $197 million valuation, this fintech startup employs 1,403 people.
Founder Name: Adhil Shetty, Rati Shetty, Arjun Shetty
Startups Details: BankBazaar.com is India’s largest fintech co-branded Credit Card issuer and online platform for free Credit Score with over 50Mn registered users.
Industries: Fin-Tech
Number of investors: 24
Funded amount: $131M
Funding Round: 9
Company Valuation: $197 Million
Number of employees: 1,403+
Website: www.bankbazaar.com
Email ID: support@bankbazaar.com
Kaleidofin
Kaleidofin focuses on providing financial solutions tailored for the informal sector. With $23.5 million raised in six funding rounds, they serve customers with simple, goal-based financial services.
Founder Name: Sucharita Mukherjee, Puneet Gupta, Natasha Jethanandani, Vipul Sekhsaria
Startups Details: Kaleidofin is a financial services platform catering to the informal sector, delivering solutions tailored to customers’ goals and designed for user-friendly experiences.
Industries: Fin-Tech
Number of investors: 27
Funded amount: $23.5M
Funding Round: 6
Company Valuation: $42.9M
Number of employees: 140+
Website: kaleidofin.com
Email ID: info@kaleidofin.com
Treat At Home
Treat at Home offers on-demand healthcare services at your doorstep. This platform connects people in need of medical assistance with verified healthcare providers in their area.
Founder Name: Ajmal Saleem, Saleem M
Startups Details: Treat At Home is a provider of on-demand healthcare services at the doorstep. It is a marketplace that connects people in need of medical services with verified healthcare providers in that area.
Number of investors: Not Disclosed
Funded amount: Not Disclosed
Funding Round: 1
Company Valuation: Not Disclosed
Number of employees: Not Disclosed
Website: www.treatathomes.com
Email ID: info@treatathomes.com
Fieldproxy
Fieldproxy provides a cloud-based solution for managing field force operations across multiple industries. With $1.06 million raised and 17 investors, this company is simplifying fieldwork for enterprises.
Founder Name: Swaroop Vijayakumar, Balakrishna Balasubramanian
Startups Details: Cloud-based field force management solution for enterprises. It caters to various industries such as FMCG, pharma or healthcare, home services, logistics retail, hospitality, financial services, and construction.
Number of investors: 17
Funded amount: $1.06M
Funding Round: 3
Company Valuation: Not Disclosed
Number of employees: Not Disclosed
Website: www.fieldproxy.com/
Email ID: support@fieldproxy.com
Prodapt
Prodapt provides IT solutions for businesses, including digital transformation, network design, and product engineering. With 3,550 employees and $75.5 million in funding, they help businesses become more agile and efficient.
Founder Name: Vedant Jhaver
Startups Details: Provider of IT services for businesses. It offers services such as IT agility, digital transformation, network design and implementation, product engineering and more.
Number of investors: 11
Funded amount: $75.5M
Funding Round: 3
Company Valuation: $23.9M
Number of employees: 3,550+
Website: www.prodapt.com
Email ID: info@prodapt.com
Flintobox
Flintobox provides themed activity boxes for kids, encouraging learning through play. With $17.8 million in funding, this company brings education and fun to homes every month.
Founder Name: Arunprasad Durairaj, Vijaybabu Gandhi, and Shreenidhi Srirangam.
Startups Details: Flintobox is a theme-based monthly activity box for kids. It provides activity boxes on a paid subscription basis every month with a new interesting theme, filled with activities and books.
Number of investors: 53
Funded amount: $17.8M
Funding Round: 8
Company Valuation: $36.6M
Number of employees: 52+
Website: flintobox.com
Email ID: care@flintobox.com
Chennai is home to a growing number of innovative startups company in Chennai, shaping industries from space technology to healthcare and financial services. These companies not only contribute to the local economy but also push the boundaries of what’s possible. Keep an eye on these startups as they continue to innovate and grow in 2024.
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