These 7 industries can be a boom for start-ups in India in 2024

From space exploration to Korean beauty, and from artificial intelligence to green energy, here are the industries that may come into the limelight this year.

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Hitanshu Bhatt
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START-UPS IN INDIA IN 2024

With the recent shift in trends, technology, and customer preferences, these industries may experience a boom, and start-ups in India could benefit from it.

Dhirubhai Ambani once said, 'The success of the young entrepreneur will be the key to India’s transformation in the new millennium.' This remains true in today's paradigm of the Indian startup industry, where many brands have emerged with innovative approaches, putting India on the world map. On this National Start-up Day, here are a few industries in which we believe startups will excel in 2024 and the coming years.

1. Artificial Intelligence Start-ups

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Artificial Intelligence (AI) is the next big thing in the world and India will leave no stone unturned with its promising businesses.

  • Kamoto.AI -  Kamoto.AI is a SaaS platform that enables users to create, train, and monetize bespoke AI characters while offering celebrities & influencers the chance to license authentic AI replicas of themselves for an innovative, interactive, and monetizable experience.
  • Yellow.ai -  Yellow is a platform that automates conversational experiences for customers and employees. It enables businesses to deliver human-like personalized interactions in the preferred language.
  • Arya.ai - Arya.ai is a developer platform for AI with learning modules covering text, computer vision, and reasoning.
  • Beatoven.ai - Beatoven.ai utilizes advanced AI music generation techniques to create mood-based music tailored to complement your content. Ideal for videos, podcasts, and games.

2. Space Tech Start-ups

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With the rising importance of space research and the advancements of the Indian Space Research Organization (ISRO), many Space Tech Start-ups have come up in India

  • Pixxel - Pixxel is a space data company building a constellation of the world's highest-resolution hyperspectral earth imaging satellites and the analytical tools to mine insights from the data.
  • Dhruva Space - Dhruva Space is a full-stack Space-Engineering solutions provider, active across the Space (Satellite Platforms & Subsystems), Launch (Deployers) and Ground (Earth Stations) segments.
  • Aadyah Aerospace - Aadyah Aerospace is a developer of electronic mechanical actuators for the aerospace industry
  • Vasundhara Geo Technologies -  Vasundhara Geo Technologies develops customer-oriented remote sensing solutions by mining critical remotely sensed data derived from satellites, aerial platforms, and field sensors. 
  • SatSure - SatSure enables the combining of satellite imagery with the weather, IoT, social and economic datasets, among many others to generate timely, location-specific actionable insights
  • Digantara - Digantara is a space situational awareness company that is developing an end-to-end infrastructure to address the difficulties of space.
  • Skyroot Aerospace - Skyroot Aerospace Private Limited is an Indian private aerospace manufacturer and commercial launch service provider.

3. Tech Start-ups 

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The Technology sector proves to be an ever-growing industry and the coming years will also see a rise in the star ups from this sector

  • Genrobotics - Genrobotic Innovations specialises in designing solutions that address pressing social issues by seamlessly combining robotics and artificial intelligence.
  • Cogknit - Cogknit is a multilingual text intelligent agent that is capable of natural language understanding and linguistics.
  • DataCrux Insights - Datacrux offers data science consulting services. It extracts insights from raw data and presents those insights.
  • Netskope - The Netskope security cloud provides visibility, real-time data and threat protection when accessing cloud services, websites, and private apps from anywhere, on any device.
  • ThoughtSpot - ThoughtSpot enables you to view and analyze your data through a search-based user interface.
  • Rippling - Rippling is an all-in-one employee management software that links human resources and IT management, all under one roof.

4. Green Energy Start-ups

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With the increasing push from the government for a cleaner and greener environment, many green energy companies are emerging. Whether it's electric vehicles or renewable energy appliances, numerous startups are poised to be promising.

  • Yulu - Yulu is a technology-driven electric micromobility platform. It provides shared low-speed two-wheeler electric vehicle (EV) services.
  • Vaayu - Vaayu is an automated carbon software for retailers to measure, monitor and reduce their carbon footprint in real time.
  • Varistor Technologies - Varistor Technologies is a company in the field of industry and home automation and complete energy management.
  • ReNew - ReNew is India’s leading decarbonization solutions provider on a mission to build a fossil-free future through innovative and sustainable solutions.
  • Quant Solar - Quant Solar is a new-age engineering firm involved in R&D and EPC-IC services for the Floating Solar PV industry.

  • CleanMax - CleanMax develops and installs rooftop solar panels to distribute solar energy to commercial and industrial.

5. Gaming Start-ups 

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The gaming industry in India is going to boom in the coming years due to the emergence of Indian software development firms. This also comes after e-sports got recognition by authorities in recent years. "The Indian gaming market is expected to grow from $2.8 billion in 2022 to $5 billion in 2025, growing at a CAGR of 28-30%. The quantity of gamers in the nation is supposed to expand from 420 million in 2022 to 450 million by 2023, and it hit 500 million by 2025," said one of the reports in India Times. 

  • Moonfrog Labs - Moonfrog Labs is a mobile game development studio focussing on cross-platform social casual games.
  • EloElo -  Eloelo is a livestreaming and social gaming platform.
  • Nazara Technologies -  Nazara Technologies is a mobile game developer and sports media platform that offers various interactive gaming options, eSports, ad-tech, and gamified early learning ecosystems.
  • GGTV - GGTV is a video-first social app for gamers aiming to empower gaming content creators. The app allows users to watch, capture, share, edit, and explore short gaming clips, enabling them to share gameplay highlights, funny moments, and tutorials, within seconds.

6. Real Estate Start-ups

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With the continually expanding infrastructure and increasing demand for real estate, startups in this sector are poised to become another focal point in the future.

  • PropTiger - a one-stop platform for buying residential real estate along with providing functions like home loans and property registrations.
  • Stanza Living - Stanza Living is a technology-enabled housing concept which provides fully furnished residences with amenities, especially for students.
  • Your Space - Your Space is an aggregator for hostels, PGs and rentals for students. 
  • Clicbrics - Clicbrics is an online residential real estate platform that offers new-age buyers with data-based insights on locality price trends, transaction history and property price estimates
  • Zolo Stays - Zolo Stays is a co-living platform that provides stays for students, working professionals and organizations.

7. K Beauty Start-ups

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The recent craze for Korean-inspired makeup and skincare routines has inspired many Indian brands to launch their own K-Beauty products, which could be the next big thing.

  • Pilgrim - Pilgrim offers multi-category beauty care products along with Korean Beauty products.
  • BeautyTalk - BeautyTalk is an e-commerce platform that provides the next generation of top Korean beauty products.
  • Peaches and Creams - Peaches and Creams offers Korean skincare and K-beauty products online.
  • Vanity Wagon - Vanity Wagon is a clean beauty marketplace that offers Korean skincare and beauty products. 
Artificial Intelligence Start-ups K Beauty Start-ups Real Estate Start-ups Gaming Start-ups Green Energy Start-ups Tech Start-ups Space Tech Start-ups