This is a list of 10 the most promising Indian startups that are supporting and stretching the use of blockchain technology through their main services and products. We compiled this list by analyzing growth rate, funding rounds closed, global launches, team size, among others.
Auxesis Group
Auxesis Group is a blockchain technology company working towards building technology infrastructure and protocols for mainstream enterprise adoption.
Debut Infotech
Established in 2011, Debut Infotech is a mobile app and digital product development company that leverages Blockchain, IoT, AI and other cutting-edge technologies to deliver a range of services, including Custom Mobile & Web Application Development, Software Development, UI/UX Design, and Blockchain Development.
Elemential Labs
Elemential Labs was founded by Raunaq Vaisoha, Anilkishen Dukkipatty and Sahil Kathpal in 2016. Elemential Labs, a Mumbai-based blockchain startup. Its product Hadron has been used by institutions such as the National Stock Exchange of India to deploy, manage and scale blockchain networks. Elemential Labs raised $1 million in seed funding in a round led by venture capital firm Matrix Partners India. Other participants in the round included Investopad, Digital Currency Group, Hinduja Group, Lightspeed India, and Eight Innovate.
EzyRemit
EzyRemit aims to reduce the cost of cross border remittances and make it near real time by leveraging Blockchain concept.
MindDeft
Blockchain Solutions Providers Building Blockchain solutions, services and products for industries such as Finance, Supply Chain, Healthcare, Manufacturing and Real Estate; MindDeft help optimise business processes, increasing the efficiency of organization as a whole.
Psi Phi Blockchain Labs
Psi Phi Blockchain Labs is an upcoming technology company with products for document storage using blockchains. The company has two products – Crypto Locker which can be used to store and share documents on blockchain using APIs. Digi Rail is a multi-party shared database to optimise supply chain data flow and is still under development as of December 2016. The company claims to be focusing on the healthcare and supply chain domains and building blockchain based products for the same.
Primechain
Primechain is a blockchain ecosystem that builds itself in 6 minutes (or less) with a functional web application, mobile Progressive Web App, and a Blockchain REST API service.
Signzy
Founded in 2015, Signzy is an AI-based fintech company headquartered at Bengaluru with offices in Mumbai, Dubai and the USA. In a nutshell, we make regulatory processes for banks, NBFCs, and other financial institutions simple, secure, and compliant. At Signzy: 1) We utilize the power of AI, we provide onboarding solutions that can be used to perform extraction, verification, forgery detection, background checks, credit checks and many more. 2) Our APIs are wide ranging and have cross-platform compatibility. 3) Our solutions enable bank-grade digital on-boarding in real time, using artificial intelligence. Signzy’s unique solutions offer 75% cost reduction in customer onboarding and almost 3X increase in business efficiency. Today, Signzy serves over 70 clients including 7 top banks and several large NBFCs in India. We were recently awarded as the Most Innovative Data Solution Provider by IAMAI and were honored as the Fastest Growing Fintech Company Of The Year by Governance.
Sofocle
Sofocle is a core software development company, focused on building innovative blockchain based solutions for Finance, Health and Retails industries.
Somish
Somish is a Blockchain Venture Studio with a deep specialisation in DeFi & Smart Contract Auditing.