From fintech to edtech: Startups changing the face of their sectors with technology

Innovation is the driving force behind the growth and development of any industry. The emergence of new age technology has revolutionized the way we live, work, and interact with the world. It has enabled us to connect with people and businesses around the globe, make transactions with ease, and access a vast amount of information with just a few clicks. The advent of tech-savvy startups has added a new dimension to this revolution, as these companies are leveraging the latest technologies to disrupt traditional industries and transform the way business is done.

The below startups are challenging the status quo, breaking down barriers, and creating innovative solutions to long-standing problems. From providing instant loans to college students and young professionals to connecting patients with healthcare providers around the world, these companies are transforming the way business is done in their industries.

mPokket: A digital lending platform that has revolutionized the borrowing and lending industry in India. mPokket provides an easy and hassle-free way for college students and young working professionals to access instant personal loans ranging from Rs 500 to Rs 30,000. With over 10 million download, mPokket has become a trusted name in the lending space in India. The platform offers a streamlined and simplified process that makes borrowing and lending money quick and easy. Users can apply for a loan within minutes through the mPokket app, and receive instant approval with minimal documentation requirements. This makes it an ideal choice for people who need funds quickly to cover their immediate expenses.

NxtWave: NxtWave is a dynamic Indian start-up with a vision to empower young Indians to become skilled tech professionals through its online employability platform. NxtWave aims to build a largest online employability platform for tech careers without the need for a conventional college degree. NxtWave offers vernacular, asynchronous and online cohort-based training programmes in Industry 4.0 Tech career tracks for college students, graduates, and early professionals. The platform is designed to be accessible and inclusive, offering learners across India the opportunity to develop their skills and build their careers from the comfort of their own homes. More than 1300 companies, from fast-growing startups to Fortune 500 giants, have hired thousands of NxtWave learners. NxtWave is committed to promoting employability and career growth in India.

Practo: A healthcare platform that connects patients with healthcare providers around the world. Practo aims to make quality healthcare affordable and accessible for over a billion Indians. The platform connects the entire healthcare ecosystem together, including patients, doctors, clinics, hospitals, pharmacies, and diagnostics, to generate exceptional value and service for all. Practo reported 188% revenue growth in FY 2021-22.

Swiggy: An Indian online food ordering and delivery platform that operates in 500 Indian cities. Swiggy has positioned itself above all other competitors in the market by offering a same-day package delivery service called Swiggy Genie and on-demand grocery deliveries under the name Instamart. Swiggy's valuation rose to $10.7 billion in January 2022 after a $700-million fundraise led by US asset manager Invesco.

KhetiGaadi: An agritech startup based in Pune, India, that connects farmers, tractor manufacturers, contractors, dealers, and lenders. The platform enables the farming community to buy, sell, rent, and hire tractors and farm mechanization equipment online with finance and insurance support. KhetiGaadi aims to enhance the accessibility of modern farming equipment and machinery for farmers and simplify the process of buying, selling, and renting them. The platform strives to ensure that the entire process is transparent and hassle-free. The startup also educates and empowers the farming community with the right guidance on modern agricultural practices.

By leveraging the latest technologies, these companies are bringing about unprecedented convenience and flexibility to customers, boosting revenue growth, and changing the face of their respective sectors. With the growing demand for digitalization and innovation, we can expect to see more such startups disrupting traditional industries in the years to come.