Curious to know the trending and in-demand AI startups in India? Then this guide will be useful. In this listicle post, we have curated and listed the 9 AI startups in India that are growing fast in 2023.
Also, we have added key insights such as the founding year, employee count, and location for each startup.
List of Artificial Intelligence Startups in India
Let’s get started.
TL;DR
- Qure.ai
- Arya.ai
- Niramai
- Yellow.ai
- Intello Labs
- PharmEasy
- Dunzo
- SigTuple
- Peppertype
Why are AI startups in demand?
The search interest for ‘artificial intelligence’ has grown by 178% in the last 5 years, according to data from Google Trends.
The growth in technology in recent years is one of the key reasons people are building or integrating AI into their startups. Also, the advances in cloud computing, open-source AI software, NLP-powered AI tools, and AI as a service have reduced the barrier to entry significantly for AI startups. And, this has enabled more entrepreneurs to build AI-powered businesses.
In fact, it is expected that the market size of Indian startups across various AI branches to reach $3,966M by 2029, according to the Bluewave research report.
1. Qure.ai
Founded in: 2006
Number of employees: 295
Founder: Prashant Warier
Official website: qure.ai
What they do:
Qura.ai provides artificial intelligence solutions that assist radiologists and medical imaging professionals by automating the interpretation of medical imaging scans like X-rays, CT scans, and ultrasounds. Their AI-powered tools enable faster and more accurate diagnosis, expediting the path to treatment for patients.
The key offerings of Qura.ai include:
- Chest X-Ray reporting and analysis to detect abnormalities
- MSK X-ray reporting of knee and hip imaging
- Tuberculosis screening and management tools
- Stroke and traumatic brain injury solutions
- Lung nodule management software
2. Arya.ai
Founded in: 2013
Number of employees: 34
Founder(s): Vinay Kumar Sankarapu
Official website: https://www.arya.ai/
Arya.ai provides AI solutions for banks, insurers, and financial services companies to help them deploy safe, responsible, and auditable AI applications.
Their key offerings include:
- AI models and APIs for various use cases like fraud mitigation, virtual verification, predictive analysis, computer vision, etc.
- AryaXAI, their ML observability platform that helps enterprises manage AI risks through features like explainability, policy controls, monitoring, auditing, and model prognosis.
- Libra, their customizable AI modules built using AryaXAI for automating processes like underwriting and claims processing.
3. Niramai
Founded in: 2016
Number of employees: 73
Founder(s): Geetha Manjunath
Official website: https://www.niramai.com/
What they do:
Niramai develops an artificial intelligence-based, non-invasive and radiation-free software for early detection of breast cancer using thermal imaging.
Their solution, Thermalytix, analyzes thermal images of breasts using machine learning algorithms to accurately detect breast abnormalities and cancer at an early stage.
4. Yellow.ai
Founded in: 2016
Number of employees: 1,001-5,000
Founder(s): Raghu Ravinutala, Rashid Khan, and Jaya Kishore Gollareddy
Official website: https://yellow.ai/
What they do:
Yellow.ai is a global leader in conversational AI that helps enterprises deliver human-like experiences for customers and employees through AI agents and automation.
Their key offerings:
- AI-powered agents to automate customer queries
- Agent productivity tools like auto-response, and ticket summarization
- Conversation designer
5. Intello Labs
Founded in: 2016
Number of employees: 199
Founder(s): Milan Sharma and Himani Shah
Official website: https://www.intellolabs.com/
What they do:
Intello Labs uses artificial intelligence and computer vision to assess the quality of food commodities like fruits, vegetables, spices, and nuts. Intello Labs’ products help businesses in the food supply chain sector from growers to retailers to exporters improve customer satisfaction and reduce losses by providing:
- Accurate and automated quality assessment
- Traceability and transparency of quality data across the supply chain
- Insights and analytics to make better and faster decisions
6. PharmEasy
Founded in: 2015
Number of employees: 3641
Founder(s): Dharmil Sheth and Dhaval Shah
Official website: https://pharmeasy.in/
What they do:
Pharmeasy uses AI and machine learning to power their product recommendations and personalized search. This helps customers find the relevant medicines and health products they need easily.
They have developed AI-based algorithms to detect fake medicines and fraudulent sellers on their platform. This helps ensure the authenticity and quality of the products sold.
7. Dunzo
Founded in: 2015
Number of employees: 3271
Founder(s): Kabeer Biswas
Official website: https://www.dunzo.com/
What they do:
Dunzo uses artificial intelligence and machine learning algorithms in various ways to optimize their delivery operations and provide a better user experience.
Dunzo follows a hyperlocal business model where it connects customers who need products or services with nearby stores and vendors that can fulfill those needs.
8. SigTuple
Founded in: 2015
Number of employees: 109
Founder(s): Rohit Kumar Pandey and Apurv Anand
Official website: https://www.sigtuple.com/
What they do:
SigTuple is an AI-based medical diagnostics startup based in Bengaluru, India. The company builds intelligent medical imaging solutions to improve disease diagnosis through the use of artificial intelligence.
9. Peppertype
Founded in: 2015
Number of employees: 1135
Founder(s): Anirudh Singla
Official website: https://www.peppercontent.io/
What they do:
Peppertype is an AI-powered content creation tool that allows businesses and content creators to generate short-form content like captions, headlines, descriptions, taglines, etc.
Conclusion
This was the list of AI startups based in India that uses AI and other technologies like machine learning to solve the challenges of people. Also, note that insights such as employee number and key services are updated as of Aug 2023. Please visit this page again as we will keep updating the page with new AI startups.
If we have missed listing any Indian AI startup that is growing rapidly, then let us know.
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