On the eve of The Smart CEO Startup50 Conference & Awards 2016, held at Taj West End, Bengaluru, the founders and first employees of 50 of India’s most successful startups joined their peers in becoming a part of The Smart CEO Startup50 List of 2016. Each of these 50 startups, spanning diverse sectors and unique business models, was shortlisted from a pool of 450 nominations and evaluated by a top notch Jury comprising Ashok Soota, Chairman, Happiest Minds Technologies, Amit Patni, Co-Founder & Chairman, Nirvana Venture Partners, Ganapathy Venugopal, Co-Founder & CEO of Axilor Ventures, Krishnan Ganesh, Partner at Growth Story, Shubhankar Bhattacharya, Venture Partner at Kae Capital and Naganand Doraswamy, the Managing Director & CEO of Ideaspring Capital.

While enterprise tech startups such as ReConnect Energy, Flutura Technologies, Indix and Capital Float bagged the most awards, it was closely followed by companies in the Consumer Tech and Consumer Brand segment earning recognition for their works.

Of course, the determining factor for making the cut was ticking the box on eight criteria; originality of idea, innovation of business model, long-term potential, revenue/ profit growth, employee satisfaction, customer satisfaction, brand and social impact.

Startups Which Received Special Recognition

Best Enterprise Tech Startup Of The Year: Uniphore Software Systems
Founders: Umesh Sachdev, Ravi Saraogi
The company, which builds top-quality multi lingual speech-based software products, was also part of Deloitte’s Technology Fast 50 in 2014 and 2015, and the company’s founder, has been recognized by both TIME Magazine and MIT Tech Review as a top innovator under 35.

Best Consumer Tech Startup Of The Year: Jaypore
Founders: Shilpa Sharma, Puneet Chawla
This ecommerce venture was founded with a vision of presenting Indian crafts-based designs across apparel, jewellery, art and home accents. It turned profitable in its very first year of operations and has been doubling revenue annually, since then. In Feb 2016, Jaypore raised its first round of institutional funding of US $5 million from Aavishkaar.

Best Healthcare Startup Of The Year: Forus Health
Founders: K. Chandrasekhar, Dr Shyam Vasudev
This company manufactures affordable eye care equipment (3Nethra) to eradicate preventable blindness. Forus sells its pre-screening Ophthalmology devices and tele-medicine solution to range of eye hospitals, individual Ophthalmologists, Diabetic clinics, Diagnostic/Health centers, Optical retail chains, among others.

Best Healthcare Startup Of The Year: Mitra Biotech
Founders: Dr Mallik Sundaram, Dr Pradip Majumder
This company helps make the world a better place by offering a solution for more accurate, personalized cancer care. Its proprietary technology, CANScript, enables the doctor to make an informed decision regarding the most optimal drug combination while treating cancer.

Special Recognition for Startup50 Alumni: Happiest Minds Technologies
Founders: Ashok Soota & Others
This company has been on track to become one of the fastest Indian companies to touch USD 100 million in revenues, with profitability. The company’s research on Happiness @ Work, is something that can potentially be path breaking over the long term.

Other 45 Companies

1. Stellapps Technologies: For building innovative applications using Internet of Things (IoT) tech & Big Data to improve efficiency in a very unique sector – agri and dairy supply chain.

2. Transerv: For the wonderful traction it has displayed – over 1 million app download for its UDIO Wallet, building a partner network of 1 lakh agents for its UDIO cashpoints, and for processing over Rs. 100 crore with its API solutions.

3. uTrade: For building a fintech company specializing in making multi-asset trading platforms for global financial markets, serving 50 financial institutions in over 10 countries and, facilitating over $10 billion worth of trades on a daily basis.

4. ReConnect Energy: For building a venture with a robust business model in the clean tech space, a rarity in the current context. It currently has two business models; one, helping grid operators and electric utilities accurately forecast wind and solar power generation and demand, using predictive analytics.The company also runs clickpower.in, India’s first renewable energy transactions marketplace.

5. Capital Float:For its wonderful growth trajectory as India’s largest digital financing platform for SMEs; last year the company served 1500 customers in 100+ cities. It also manages India’s largest online lending marketplace, with leading banks and financial institutions participating as lenders. The company is backed by SAIF, Sequoia and Aspada.

6. IndustryBuying: For being a key player in India’s emerging B2B e-commerce segment. The company is currently on a run rate of RS. 150 crore, thanks to serving over 150,000 SME customers, up from 80,000 in May 2015.

7. Unbxd: For powering a truly global product discovery platform for ecommerce companies in over 40 countries. Backed by Nirvana Venture Advisors, IDG and Inventus Capital, Unbxd powers product discovery through site-search, product recommendations and merchandising for over 1200 e-commerce companies.

8. Entersoft Security: For its expertise as offensive security experts. Entersoft is an award winning application security provider trusted by over 150 global brands and run by real hackers. Its approach is a combination of offensive assessment, proactive monitoring and managed security which provides highly cost effective and reliable solutions.

9. Impartus Innovations: For its list of marquee clients including Indian Institute of Management-Bangalore (IIM-B), Shiv Nadar School, PES University Bangalore, IFIM Business School Bangalore and more. The company provides cutting-edge video based learning solutions which drive better outcomes for the education sector. Its flagship product is a video-based learning platform that enables educational institutions to capture, edit, and distribute content.

10. Edge Networks: For using innovative technologies like Natural Language Processing & Predictive Modelling, to solve real HR problems in client companies with a large workforce.

11. IDfy: For traction both in terms of revenue and user growth. The company helps both consumers and enterprises make decisions about people by using public/private data to deliver people insights through data analytics. . There are several use cases for the venture; HR, financial decision-making, tenancy and matrimonial, among others. IDfy is backed by Blume, NEA and Beenos.

12. Indix: For its advanced technology platform, with sophisticated machine learning, and its ability to build in India and sell globally. Indix is the world’s first Product Information Marketplace, backed by Nexus venture partners and Nokia Growth Partners. The company is on a mission to build the Google Maps for product information.

13. NowFloats: For displaying tremendous ability to scale – currently, it serves over 116,000 micro and small businesses, who post 19 lakh marketing updates through NowFloats. The company has built a self-service platform for micro, small and medium businesses, to help market themselves through websites.

14. U2opia Mobile: For displaying the ability to build in India and sell globally. The company has built a series of products serving over 81 Mobile Network Operators (MNOs), across Asia, Africa and Latin America. The company’s mobile solutions targets the 1 billion people world over who otherwise don’t have data connectivity, by giving them access to social internet through USSD.

15. PeelWorks: For helping companies like Unilever, Airtel, Reckitt, Tata Sky, GSK do two things really well: one, help manage large salesforce for FMCG firms. Two, help product assortment in millions of mom and pop stors stores where a brand’s product is available.

16. Shephertz: For building an array of products to help app developers build their apps with efficiency and agility.

17. Flutura Technologies : For building a specialized machine Intelligence firm focused on enabling OEMs’ to create new revenue models around remote monitoring of assets and advanced analytics. Flutura’s award winning machine intelligence platform, Cerebra, is used by several OEMs’ to offer new services to its customers.

18. Hacker Earth: For building a tightly knit community of over 1.2 million developers from across India and South east Asia. The company originally started off as a platform to help enterprise clients hire developers. Now, the company is changing its positioning to become the go to platform to “build deep relationships with the developer community”.

19. Niki.ai: For its robust technology, early customer traction from customers like Ola and serving over 62,000 users. Niki.ai is an Artificial Intelligence-based chatbot, to make service discovery and transactions simple. The company is backed by Mr. Ratan Tata and Ronnie Screvala’s Unilazer Ventures.

20. KredX: For building an online bill discounting platform where creditworthy SMEs can get their invoices (raised to Blue-Chip companies) discounted through HNI investors/financial Institutions for a short tenure of 30-60 days. Backed by Prime Venture Partners, the company has funded 1000+ invoices in its very first year of operations.

21. Moglix: For serving 10,000+ business customers with 50 per cent revenue coming from large organizations with Rs. 100 Cr+ turnover. Moglix is an ecommerce company which specializes in procurement of industrial products leveraging the power of technology.

22. Scripbox : For already touching an AUM of 200 crore and having Rs. 500 crore in forward-looking SIP commitments. Scripbox, funded by Accel Partners & Omidyar Network, offers online personal investment services. It adopts an educative approach and combines the best of portfolio theory and behavioral finance to create an automated and simplified investing experience for consumers.

23. NoBroker.in: For establishing scale within 2 years of founding. It currently enables over 5 lakh C2C transactions every month and has 10 lakh registered users. The company has raised over US $13 million in funding from SAIF partners, BEENEXT, Digital Garage and others.

24. CredR: For its ability to scale rapidly as a leading marketplace that facilitates buying, selling and
exchange of verified, pre-owned two wheelers. The company has sold over INR 85 crore worth of two-wheelers since starting up and raised US $15 million in Feb 2015 from Fidelity’s proprietary investment arm

25. HouseJoy: For specialising in on-demand residential services including plumbing, electrical services, home cleaning, computer repairs, beautician at home and laundry services. The company has raised over US $27 million from investors including Amazon, and is on track to hit a revenue run rate of INR 75 crore this fiscal

26. Avagmah: For being a pioneering edtech startup that connect students with working professionals through a mobile app. The firm serves a unique target market – professionals from non-top 100 universities who want to study further and upgrade their educational qualifications.

27. RailYatri : For actively serving over 3.1 million active users, as it marches towards its mission of enhancing the user experience for train travellers in India. It has raised capital from Nandan Nilekani, Helion Venture Partners, Omidyar Network and others.

28. EventsHigh: For aspiring to become the Google for Local Events, with the specific goal of helping users find the long tail of local, city-based events, achieving its user growth numbers and for serving 320,000 monthly active users in August 2016.

29. CoverFox: For aspiring to become the Google for Local Events, with the specific goal of helping users find the long tail of local, city-based events, achieving its user growth numbers and for serving 320,000 monthly active users in August 2016.

30. BookMyForex: For the robust growth it displayed – generating a turnover of INR 55 crore a month, up from INR 13 crore a month in April 2015. BookMyForex is one of the world’s first foreign exchange marketplaces that helps customers get the best forex rates from hundreds of banks and currency exchange companies in their vicinity. The company is backed by Aditya Parakh’s Faering Capital.

31. Cleartax: For being India’s leading tax filing platform, used by over 1 million Indian taxpayers and over 10,000 CA firms. This Y-combinator backed venture has raised US $12 million in Series-A in June 2016, from leading investors including Sequoia Capital, SAIF Partners and Neeraj Arora.

32. Jugnoo: For its nimbleness and its ability to use its auto network to break into hyper-local delivery and B2B logistics. The company is an aggregator of over 15,000 auto-rickshaw drivers and over 40,000 people currently transact per day.

33. UrbanClap: For delivering gross services worth INR 2 crore per day, and for traction in terms of over 1.5 million app downloads. UrbanClap is an app-based service marketplace that connects customers to service professionals. It has raised US $37 million till date in funding from Bessemer Venture Partners, Accel Partners and SAIF Partners.

34. CashKaro:For popularizing the concept of cashback in India. The company works with 1,000+ online shopping portals and has 10 lakh registered users on its platform. Cashkaro is funded by Kalaari Capital and Ratan Tata.

35. Craftsvilla: For focusing on efficiency and profitability, while maintaining a healthy bottomline. Craftsvilla now houses five million ethnic products and reaches 10,000 pin codes across India. The company is backed by Sequoia Capital, Nexus Venture Partners and Lightspeed Venture Partners.

36. Unacademy: For building India’s largest free education platform, connecting educators with students. The company is working towards its mission of building a large repository of courses, in multiple Indian languages. In the last 6 months, the company has served over 300,000 students, through its 2400 courses. It is backed by Blume Ventures, Phanindra Sama, Rajan Anandan and others.

37. Nalanda Learning: For building a robust, profitable business model and socially impacting the lives of 2500 students across 83 schools in 2015. The company operates the brand, Little Laureates, a digitally enabled self operated preschool chain, having 80+ schools in & around West Bengal mainly concentrating on district towns. It raised INR 16.5 crore from Aavishkar.

38. Local Circles: For building a platform for citizens to partner with the local government bodies and address hyper-local, community-based and national issues ranging from healthcare and education to women and child safety, and crime

39. WhitePrint: For creating India’s First English Lifestyle Magazine in Braille. The country is home to the largest visually impaired population in the world and hence a magazine of this nature was long overdue. The company was unanimously selected for its effort to solve a critical social problem.

40. Airveda: For its unique product, sophisticated technology that is made in India and for the potential impact it can have in an area where there is very little startup activity. Airveda has built a Air Quality Monitoring device using the most advanced laser-based monitoring technology. The company has already run successful pilots with the Delhi Government, leading hospitals and schools.

41. Ather Energy : For building India’s first Smart Electric Scooter, the S340 and in-house. The company recently raised Rs. 205 crore from Hero Motorcorp

42. Triguni Foods : For building a robust brand in the airline food segment, and for setting up a profitable business and a memorable brand. The company recently forayed into the consumer market, by launching its EZE EATS brand on amazon.in.

43. Southern Health Foods : For clocking a turnover of 47 crore in FY2016. The company’s product mix include a health mix, ragi malt, badam milk powder and infant food. It works with over 600 distributors across India and also exports to Australia, Malaysia, Singapore, Muscat, Dubai, U.K and U.S.

44. BIRA 91 : For brewing a speciality beer with an unapologetically Indian identity and enabling the experience of drinking fresh draft beer amidst the Indian plethora. Bira91 currently sells over 10,000 cases a month and has a production capacity of about 330,000 cases a month. The company is backed by a group of investors including Sequoia Capital, TR Capital, Kunal Bahl, Rohit Bansal and the like.

45. CREO: For its big, bold and hi-tech approach of creating the Android experience of the future. The company recently launched the CREO Mark 1 Smartphone on its proprietary Operating System, Fuel, built using Android.