Top 10 Maharashtra Startups
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 Published On Jan 29, 2024

00:00 EMotorad
01:28 Quintrans Hyperloop
02:37 OneCard
03:53 ElasticRun
05:34 Green Joules
06:26 Licksters
07:16 ErlySign
08:19 Vesatogo Innovations
09:20 Passenger Drone Research (PDRL)
10:14 Robo Bionics
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In 2020, Rajib Gangopadhyay, Kunal Gupta, Aditya Oza, and Sumedh Battewar founded EMotorad, aiming to offer affordable premium e-bikes globally. Despite initial skepticism in the Indian market, EMotorad thrived, manufacturing 76% locally, set to increase to 92% by 2024. Having sold over 80,000 e-bikes, they've generated 300 crore rupees in just three years, with 128 crore rupees in sales last year.

Established in 2021 by Pranay Luniya, Kartik Kulkarni, Aniruddha Atigre, and Prasanna Kadami, Quintrans Hyperloop, Asia's pioneering startup, aims to bring hyperloop technology to market. Originating from MIT Pune, their engineering expertise led to winning Hyperloop competitions, securing grants. Pre-dating its foundation, they've built India's inaugural concrete Hyperloop tube.

Established in 2019 by ICICI Bank veterans Anurag Sinha, Rupesh Kumar, and Vibhav Hathi, OneCard provides premium digital-first co-branded credit cards. Recognizing the shift to fintech-driven financial services, Anurag leveraged his insights from ICICI Bank to understand the importance of customer trust in availing loans. Focusing on credit cards in a market with only 57 million users in 2020, OneCard, in collaboration with banks, launched its first metallic credit card to attract a younger audience. By March 2023, they had issued over 1.2 million credit cards, achieving unicorn status in 2022.

Founded in 2016 by Sandeep Deshmukh, Shitiz Bansal, and Saurabh Nigam, ElasticRun addresses the rural distribution challenge by enabling kirana stores to source directly from FMCG brands. Despite initial skepticism, they've successfully served 600,000 stores across 120,000 villages. Unlike competitors like Udaan, ElasticRun opts for a cost-effective model, partnering with local shop owners, utilizing their space and delivery fleet.

Established by Viraraghavan Sankaran in 2018, Green Joules innovates by converting agricultural waste into biofuels like "Abhilasha Liquid Fuel." Validated by IIT Chennai, this eco-friendly alternative aids India's goal to replace 5% of diesel with biofuel by 2030.

Founded in 2019 by Parimal Kalikar and Dhivya Subburaju, Licksters began in a 120 sq ft store with six flavors. Now offering over 30 varieties, they achieved significant sales growth. In their first year (FY20), they sold 9 lakh rupees worth of popsicles, and by the first half of FY23, sales had reached 86 lakh rupees. However, on Shark Tank's season 2, they closed a deal with Amit Jain, co-founder of CarDekho, marking a significant milestone for the Nagpur-based company.

Innovative startup ErlySign, founded by Shubhendra Singh Thakur and college professor Deovrat Begde in 2019, has created an oral cancer detection kit. Utilizing saliva for a non-invasive, painless, and quick process, the kit detects cancer before it forms a tumor. Clinical trials began in 2021, with plans to commercialize by 2024 at an affordable price, ranging from 400 to 2,000 rupees.

Established in 2018 by Akshay Dixit, Sagnika Chakraborty, Vaibhav Shelke, and Ashish Mhalankar, Vesatogo Innovations develops software solutions to enhance farmers' profits by streamlining operations. Their flagship product, "Togo," acts as an Uber for farm produce, addressing the 10-12% income spent on logistics. Farmers use Togo to decide on sales based on the app's crop-specific price and demand information, facilitating on-demand pick-ups for efficient delivery to customers.

Founded in 2018 by Anil Chandaliya and Vishal Dharankar, Passenger Drone Research develops drone management and operation software. Their flagship product, AeroGCS, serves as a drone backbone, offering live tracking and real-time analytics. AeroGCS Green, designed for farmers, enables drones to map fields, identifying areas for pesticide and insecticide spraying.

Founded in 2016 by Llewellyn Dsa, Priyanka Dsa, Anil Nair, and Osden Mascarenhas, Robo Bionics produces affordable bionic arms, such as Grippy, catering to amputees. Priced at 2.5 lakh rupees, Grippy is a quarter of the cost of imported alternatives. Despite being bootstrapped and relying on government grants, Robo Bionics has sold 100 units, generating 25 lakh rupees revenue in FY23. They won the National Startup Award 2021 for their medical innovation.
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