The most Promising Indian start-ups among world’s Top 50

Gyan Management Journal
Year: 2017(Jan-Jun), Volume: (11), Issue. (1)
First page: (121) Last page: (126)
Online ISSN: A/F
Print ISSN: 2250-348X
doi: 

The most Promising Indian start-ups among world’s Top 50
Prof. A K Mittal

1Professor, GJIMT, Phase 2, Mohali 

Corresponding author email id:

Received:
26 Feb 2017

Accepted:
22 Apr 2017

Online Published:
13 Jun 2017

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ABSTRACT

Indian artificial intelligence (AI) start-ups, Bengaluru-based Mihup Communications Pvt. Ltd and Chennai-based Mad Street Den Systems Pvt. Ltd, are among three early-stage local ventures that are on the list of some of the most low-key, yet promising start-ups around the world, according to a Bloomberg report. The emergence of Mihup and Mad Street Den highlights how AI start-ups from India are slowly starting to go mainstream and are among the hottest focus sectors for top venture capital firms such as Accel Partners and Sequoia Capital. Last year, Mihup raised about Rs45 crore from investors such as Accel, while Mad Street Den also raised an undisclosed sum in a Series A round from investors led by Seqouia Capital. According to data from start-up tracker Tracxn, the number of Indian start-ups that are dabbling with AI and building intelligent systems, products and machines around the rapidly-emerging technology is on the rise. Over the course of the past decade, India has produced at least 292 start-ups that have built products around AI, according to Tracxn.

Keywords

Bloomberg, systems, products and machines