Startups in India’s Defense Sector Forge Ahead

With the Government of India permitting 100 percent foreign direct investment in India’s defense industry, many startups in India’s private sector have started to design technologies that can be used in manufacturing defense equipment.

Bangalore-based Aadyah Aerospace builds electro-mechanical actuators, control actuation systems and electro-optics systems for missiles and launch vehicles.

Since military equipment can’t always be tested on the field, CM Envirosystems, another Bangalore-based startup designs and manufactures environmental test chambers which simulate real environmental conditions. The company provided these environmental test systems for Agni, India’s ballistic missiles program.

A smartphone with Start Up displayed on it

Samhams Technologies, ideaForge and Omnipresent Robotics are creating better quality drones that can be used in cloudy and foggy environs.

Entrepreneur says that biotech engineer Leo Mavely, founder of Axio realized the importance of the untapped healthcare market in the defense sector. His product Axiostat is a sterile, single-use haemostatic dressing intended to be used for temporary control of moderate to severe bleeding of wounds. Malvey added that the company has supplied these dressings to one hundred battalions in India, and have also shipped around 350,000 units worldwide.

Bangalore-based Tonbo Imaging makes digital imaging systems for equipment such as guns, unmanned aerial vehicles, and battle tanks. It earns nearly 80% of its revenues from the Indian defense services. This startup specializes in products such as advanced night-vision cameras, fire control systems, and advanced weaponry through “nature-inspired technology.”

December 29, 2017   No Comments

Levi’s Consolidates S. Asia, N. Africa and Middle East Businesses

San Francisco-based denim corporation Levi’s merged its South Asia market operations with those of the Middle East and North Africa citing common consumer preferences and synergies across these markets. These three geographies account for $200 million in wholesale revenue, and form the fastest growing business unit within Levi’s globally. The Bangalore-based India unit of Levi’s reported a revenue of over $130 million as of March 2017, with a net profit of almost $9 million.

Levi's Logo

Levi’s India head Sanjeev Mohanty will spearhead the consolidated business. The Times of India reports that a company spokesperson confirmed the development. “Sanjeev has successfully led the South Asia region for over a year now, and we look forward to him bringing similar success, by driving growth and profitability, in this additional mandate as well,” the spokesperson added.

December 23, 2017   No Comments

Indian Startup Uses Artificial Intelligence to Detect Breast Cancer

NIRAMAI, an acronym for Non-Invasive Risk Assessment with Machine Intelligence, uses thermography and machine learning to detect early signs of breast cancer. Founders of Bangalore-based startup Niramai Health Analytix, Dr. Geetha Manjunath, a PhD in computer science and Nidhi Mathur an MBA from the Indian Institute of Management, Bangalore, developed an AI-led diagnostic platform that uses patented thermal image processing and machine learning algorithms for reliable and accurate breast cancer screening.

Cancer Screening Images by Niramai

Cancer Screening Images by Niramai

This method of screening can detect tumors 5 years before mammography or a clinical exam can. The portable and  screening tool, called SMILE, has been tested on data from 300 patients, and results indicate an accuracy comparable to current diagnostics available. The AI and ML algorithms for the analysis of thermal images have resulted in 2 granted U.S. patents and many more patent applications.

“Our method of breast cancer screening can detect tumors 5 times smaller than what clinical exams can detect, is painless, non-contact and free of any radiation, apart from being low-cost, and universally accessible. With our solution, women of all age groups can undergo frequent screening without any side-effects. We are addressing a huge breast cancer screening market with the equipment market alone expected to reach $4.14 billion by 2021,” says Niramai.

December 18, 2017   No Comments

Boeing to Set Up Engineering and Technology Facility in India

Seattle-based commercial aircraft maker Boeing will invest $170 million to set up a new facility for engineering and technology which will manufacture and assemble electronics /avionics in Bangalore, India. The Karnataka state government gave permission for the project which will be set up on about 36 acres of state-owned land at Aerospace Park.

Boeing 777-300

Business Line reports that Boeing expects Indian airlines to order up to 2,100 new aircraft worth $290 billion over the next 20 years which, according to the plane maker, is the highest-ever forecast for the country. Boeing also expects single-aisle planes like the next generation 737 and 737 Max to account for most of the deliveries.

“The increasing number of passengers, combined with a strong exchange rate, low fuel prices, and high load factor bodes well for India’s aviation market, especially for the low-cost carriers,” Dinesh Keskar, senior vice-president, Asia Pacific and India Sales at Boeing Commercial Airplanes, said.

December 11, 2017   No Comments

Google Invests $12 million in Indian Startup

Having picked up a significant minority stake in Bangalore, India-based Dunzo, a hyper-local concierge and delivery player, Google made its first direct investment of $12 million in an Indian startup. With a chat-based interface, the Dunzo app facilitates daily tasks management — individuals can create ‘to-do lists’ and collaborate with partners / vendors to strike off the tasks from the list.

The investment is part of Google’s ‘Next Billion Users’ push, as it seeks to build an ecosystem in India across high-frequency hyper-local transactions as well as in the healthcare, financial services, and education sectors, reports the Economic Times.
Google India Logo
“I see a change in tack,” said Rutvik Doshi, managing director at Inventus Capital and a former Googler, adding that Google probably now sees India as a large enough market to make investments. “After getting the first two billion users, Google has realized that to get the next one billion they will need to rethink their product stack and approach,” he said.

December 11, 2017   No Comments