RANKED: Top 5 Startups from Indore

Indore is the largest city and financial capital of the central Indian state of Madhya Pradesh. Numerous startups are making and breaking everyday in this city of finance. Ranked from the best to the best, the Epistle team presents a list of top emerging startups from the city of Indore.

1. WittyFeed – It’s Viral!

    

   Founded in 2014 by Vinay Singhal, Shashank Vaishnav and Parveen Singhal, WittyFeed is India’s answer to Buzzfeed. It’s World’s second largest viral content company which comes from Indore. WittyFeed has 60 million unique visitors per month with revenue of $4.3M as observed in 2015. When it comes to traffic, content, and search engine optimization, its global rank is 260.

   Funding: Bootstrapped.

   Web: WittyFeed

   Read More: Wittyfeed: World’s second largest viral content company from Indore – The Economic Times

2. RackBank Datacenters – Hosting your data!

   

   Founded by Narendra Sen, RackBank is central India’s first data-center. Popular applications like Saavn, Imo, Voot are hosted on their servers. The startup is credited for bringing India’s first Data Park to Indore.

   Funding: $800K

   Valuation: $8M

   Web: RackBank® – Data Center

3.  InfoBeans – Wow!

    

   Founded in 2011, InfoBeans is a CMMi level 3 software services company developing business applications for web and mobile. In March 2015, it became a public company under the name InfoBeans Technologies Limited after successfully listing on National Stock Exchange of India

   Funding: $300K

   Valuation: $2.7M, Valuation carried by LIC

   Web: www.infobeans.com
   

4.  Dinclix GroundWorks – Beyond Future

    

   How many of you knew that a startup from Indore is building a version of Hyperloop in India? Founded by two high-school students, Vivek Tiwari and Nipun Khare in 2014, Dinclix GroundWorks was originally established as a cloud computing company. Today, it holds three subsidiaries including a private research firm and software development company.
   
   Funding: $2M

   Valuation: $20M
   
   Web: Dinclix GroundWorks

5.  TukTuk – Indore’s answer to Ola!

    
   Before Jugnoo came in action and Ola/Uber were establishing their operations. TukTuk started in Indore with Auto-rickshaws and bike services via app. Founded by Amol Vaidya, TukTuk gives tough competition to big boys.

   Funding: $80K

   Valuation: $150K
   
   Web: Go TukTuk

   On a table

   

   There were many organisations which could have been mentioned in the above list, however, we were unable to verify the accountability of several other companies from Indore and hence many startups were not analyzed by the committee.