Bangalore IT.Biz successfully concluded yesterday, Oct 30, 2010. I would start with my impression that various startups present at the event represented a powerful wave of innovation driven product startups who promise to take world by storm unlike the first phase dominated by IT services firms.
There were many promising startups, including but not limited to 25 identified as YESSS by STPI. Following are five product startups to watch that represent the next phase of Indian IT Story.
Cloud based Enterprise grade property management system targeted at small and mid size hotels (three star and lower). A large untapped market, full service solution and scalability of cloud based platform makes it an interesting startup to watch out for.
Startup that focuses on building innovative web based platform for individuals with learning disabilities such as Dyslexia, Dysgraphia, Dyspraxia and Scotopic Sensitivity. The team has background, passion to tap the large worldwide marked for assisted learning.
India's first web browser that supports multitasking and host of other features such as full feature editor with support for almost all the Indian languages. The revenue model is search advertising and affiliate program participation using a myriad of useful bundled utilities.
A cloud based SaaS recruitment process management platform that claims to cut recruitment time by as much as 5X. Targeted at a large horizontal need of recruitment it has a promise to become as large as SalesForce.com
Apart from seemless recruitment process management capability, key differentiators are artificial intelligence based resume parsing and power search that cuts recruitment time by as much as 5X.
Provides low cost and high end quality healthcare delivery model for remote places in the country. The core of the idea Kiosks that are low cost yet contain technically advanced equipments to remotely monitor and diagnose patients
The social impact of such products can be huge as they enable extension of high end medical expertise to remote areas.
To conclude, after meeting over 40 startup founders at the event, I am confident that Indian Startup Ecosystem is gradually taking off and it is just a matter of time before we see a billion dollar product company from India.
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Subodh Vinchukar is founder of ADPS Software Solutions and can be reached at subodhv at gmail dot com
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