Cyberabad! Have you heard this name before? Not in Marvel or DC movies 😃 but in the state of Telangana. YES, it’s the nickname of the Hyderabad Information Technology and Engineering Consultancy City, also known as HITEC City. Cyberabad, as it’s fondly called, was developed in collaboration with Larsen & Toubro, and it’s the hub of IT startups in Hyderabad.
The foundation of this software industry in Hyderabad was laid by N. Chandrababu Naidu in 1995. HITEC City, or Cyberabad, became a reality thanks to the joint efforts with Larsen & Toubro.
Today, we’re diving into Cyberabad, the epicenter of startups in Hyderabad. If you’re a techpreneur, this blog will help you understand how the startup hub in Hyderabad has transformed and introduce you to the top 10 startups in the region.
1. Skyroot Aerospace
Skyroot Aerospace is a groundbreaking startups in Hyderabad, revolutionizing the space industry. Founded in 2018 by Pawan Kumar Chandana and Naga Bharath Daka, this startup aims to make space exploration more accessible by developing cost-effective, reliable, and modular rockets for launching small satellites. With a mission to open space for everyone, Skyroot Aerospace has quickly emerged as one of the most innovative startups in Hyderabad. Their Vikram series of rockets is named after Dr. Vikram Sarabhai, the father of the Indian space program. The company’s cutting-edge technology and visionary leadership have put them at the forefront of the space race, not just in India but globally.
- Founded By and Year: Pawan Kumar Chandana and Naga Bharath Daka, 2018
- Net Worth: Estimated at $500 million
- Business Model: Space launch services for small satellites
- Funding: Raised over $68 million from investors like Greenko Group and others
2. Recykal
Recykal is another gem among the startups in Hyderabad, focused on solving one of the world’s biggest challenges – waste management. Founded in 2017 by Abhay Deshpande, Recykal offers digital solutions that connect waste generators, processors, recyclers, and brand owners to create a circular economy. Their platform enables efficient waste management, transparency in transactions, and better resource utilization. With the increasing awareness of environmental sustainability, Recykal is leading the way in turning waste into wealth, setting an example for otherstartups in Hyderabad to follow.
- Founded By and Year: Abhay Deshpande, 2017
- Net Worth: Around $100 million
- Business Model: Digital marketplace for waste management
- Funding: Secured $22 million in funding from investors like Morgan Stanley and others
With the growing importance of sustainability, how do you think platforms like Recykal can make an impact in your local community? Have you noticed any changes in how waste is managed in Hyderabad?
3. Eruvaka Technologies
Eruvaka Technologies is making waves in the agri-tech sector among Startups in Hyderabad. Founded in 2012 by Sai Srinivas, Eruvaka leverages IoT (Internet of Things) to develop smart solutions for aquaculture farmers. Their technology helps farmers monitor water quality, feed fish optimally, and reduce operational costs, leading to higher yields and profitability. Eruvaka’s innovative approach is empowering farmers with data-driven insights, enabling them to make informed decisions and improve their livelihoods. This startup is a prime example of how technology can transform traditional industries and create a sustainable future.
- Founded By and Year: Sai Srinivas, 2012
- Net Worth: Approximately $80 million
- Business Model: IoT solutions for aquaculture farming
- Funding: Raised $10 million in funding from Omnivore Partners and others
The fusion of technology and agriculture is creating new opportunities for farmers. If you were to start a tech-enabled farming business, what would it be? How do you see the role of startups in Hyderabad shaping the future of agriculture?
4. Kheyti
Kheyti is a remarkable startup that addresses the pressing issue of climate change’s impact on farming. Founded in 2015 by a group of passionate individuals – Saumya, Avinash, and Kaushik – Kheyti offers low-cost “greenhouse-in-a-box” solutions for small farmers. Their innovation helps protect crops from unpredictable weather, reduce water usage, and increase yields, making farming more resilient and sustainable. Kheyti is not just a business; it’s a movement to empower farmers, improve food security, and contribute to the global fight against climate change. Among startups in Hyderabad, Kheyti stands out for its commitment to social impact and environmental sustainability.
- Founded By and Year: Saumya, Avinash, and Kaushik, 2015
- Net Worth: Estimated at $50 million
- Business Model: Affordable greenhouse solutions for small farmers
- Funding: Secured $5 million in funding from various impact investors
5. MyGate
MyGate is redefining the way we think about community living and security, and it’s one of the most successful startups in Hyderabad. Founded in 2016 by Vijay Arisetty, MyGate offers a comprehensive security and management solution for gated communities. Their app-based system allows residents to manage visitors, deliveries, and amenities with ease, enhancing both security and convenience. The startup has gained significant traction across India, with millions of users benefiting from its services. MyGate’s success lies in its ability to address the everyday challenges of modern living, making it a must-watch among startups in Hyderabad.
- Founded By and Year: Vijay Arisetty, 2016
- Net Worth: Around $200 million
- Business Model: App-based security and community management
- Funding: Raised $56 million from investors like Tencent, Prime Venture Partners, and others
6. Hug Innovations
Hug Innovations is at the forefront of wearable technology, one of the most exciting fields among startups in Hyderabad. Founded in 2014 by Raj Neravati, Hug Innovations is known for its gesture-controlled smartwatches that allow users to interact with their devices in intuitive ways. Whether it’s controlling smart home devices, navigating through apps, or even fitness tracking, Hug Innovations is bringing the future to your wrist. The startup has captured the imagination of tech enthusiasts with its innovative products that blend convenience, style, and functionality. (Now Acquired by Titan Company Limited)
- Founded By and Year: Raj Neravati, 2014
- Net Worth: Approximately $30 million
- Business Model: Wearable technology and smartwatches
- Funding: Raised $5 million in funding from various angel investors
7. Bharat Biotech
Bharat Biotech is a name synonymous with excellence in biotechnology and pharmaceuticals, not just in Hyderabad but globally. Founded in 1996 by Dr. Krishna Ella, Bharat Biotech has been at the forefront of developing vaccines and bio-therapeutics. The company gained worldwide recognition for its role in developing Covaxin, India’s indigenous COVID-19 vaccine. With a commitment to innovation, research, and public health, Bharat Biotech is a pillar among startups in Hyderabad, contributing significantly to the state’s reputation as a biotech hub.
- Founded By and Year: Dr. Krishna Ella, 1996
- Net Worth: Over $1 billion
- Business Model: Development and production of vaccines and bio-therapeutics
- Funding: Self-funded with strategic partnerships and government support
The pandemic has shown us the critical role of biotechnology. How do you view the importance of companies like Bharat Biotech in securing our health future? Could Hyderabad be the next big biotech hub?
8. Vivifi India Finance
Vivifi India Finance is making financial inclusion a reality for millions of underserved Indians. Founded in 2017 by Anil Pinapala, this fintech startup offers innovative credit products to individuals who are often left out of the traditional banking system. Their flagship product, FlexPay, allows customers to access small-ticket credit instantly, helping them manage their cash flows more effectively. Vivifi’s mission is to democratize access to credit, making it one of the standout startups in Hyderabad that is driving financial empowerment.
- Founded By and Year: Anil Pinapala, 2017
- Net Worth: Estimated at $70 million
- Business Model: Fintech solutions for financial inclusion
- Funding: Secured $20 million in funding from private equity firms
9. Neeman’s
Neeman’s is redefining sustainable fashion among startups in Hyderabad with its eco-friendly footwear. Founded in 2018 by Taran Chhabra, Neeman’s focuses on creating shoes that are not only stylish but also made from natural, renewable materials like merino wool and recycled rubber. The startup is committed to reducing the environmental impact of fashion, offering a sustainable alternative to traditional footwear. Neeman’s success lies in its ability to blend sustainability with style, making it a brand that resonates with conscious consumers.
- Founded By and Year: Taran Chhabra, 2018
- Net Worth: Approximately $25 million
- Business Model: Sustainable and eco-friendly footwear
- Funding: Raised $10 million in funding from angel investors and venture capitalists
Sustainability is the future of fashion. What steps are you taking to make your wardrobe more eco-friendly? Do you think startups in Hyderabad like Neeman’s are setting new trends in sustainable living?
10. 4TiGO
4TiGO is transforming the logistics industry in India, and it’s one of the most promising startups in Hyderabad. Founded in 2015 by Vivek Malhotra and Anjani Kumar, 4TiGO provides a digital platform that connects truckers, transporters, and shippers, optimizing the supply chain and reducing operational inefficiencies. The startup’s innovative approach to logistics management has made it a game-changer in the industry, helping businesses streamline their operations and reduce costs. 4TiGO is a prime example of how technology can disrupt traditional industries and create value.
- Founded By and Year: Vivek Malhotra and Anjani Kumar, 2015
- Net Worth: Around $40 million
- Business Model: Digital platform for logistics and supply chain management
- Funding: Raised $10 million in funding from Accel Partners and others
Frequently Asked Questions
Hyderabad has witnessed remarkable growth in its startup ecosystem, expanding from around 200 startups in 2014 to over 7,500 in 2024. The state is recognized for its supportive infrastructure, including T-Hub, which has significantly contributed to this growth by providing resources and mentorship to entrepreneurs.
The Telangana government has implemented several initiatives to foster entrepreneurship, including the TS-iPASS Act, which ensures quick approvals for new projects. Additionally, startups can benefit from various fiscal incentives, such as VAT reimbursement and land cost rebates, making it easier to establish and grow businesses in the state.
Key sectors for startups in Hyderabad include life sciences, agriculture technology (Agtech), and artificial intelligence (AI). The state aims to become a global leader in life sciences, hosting over 1,000 pharmaceutical firms, while also promoting innovations in sustainable agriculture and AI technologies.
Startups in Hyderabad have access to multiple funding sources, including venture capital, angel investments, and government grants. T-Hub plays a crucial role in connecting startups with potential investors and facilitating funding opportunities. Additionally, the Telangana government has established funds specifically for supporting innovative startups.
In 2024, Hyderabad will host significant events, including a global AI summit in July aimed at establishing the state as a hub for AI innovation. The Startup India Hyderabad Yatra will also take place, providing opportunities for startups to pitch their ideas and gain visibility within the ecosystem.
Conclusion:
As a techpreneur, your passion and innovation can transform challenges into opportunities, driving change and creating a legacy. Keep pushing boundaries, because the future is shaped by those who dare to innovate.
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