Are you from Andhra Pradesh? We all know that Andhra Pradesh is famous for the Tirupati temple, but it’s not only known for its temples. Andhra Pradesh is actually the 10th most popular location globally for starting a Startups in Andhra Pradesh & ranks 4th in India.

Visakhapatnam, often considered the richest and most expensive area in Andhra Pradesh, presents numerous opportunities for innovation and business.

So, let’s dive in and explore the top startups in Andhra Pradesh for 2024!

Excited? Let’s get started!

10. Medvarsity

Medvarsity is an edtech Startups in Andhra Pradesh that’s revolutionizing medical education with its comprehensive online learning platform. Founded in Andhra Pradesh, Medvarsity offers a range of accredited medical courses and certifications designed to enhance the skills and knowledge of healthcare professionals. Their platform includes interactive modules, live sessions with experts, and practical case studies, making high-quality medical education accessible to professionals across the globe. With a focus on continuous learning and professional development, Medvarsity is addressing the growing demand for advanced medical training and contributing to the global healthcare ecosystem.

Founded By and Year: Dr. Shantanu N. in 2013
Net Worth: Estimated at $35 million
Business Model: B2C, providing online medical education and certification courses
Funding: Secured $7 million in funding rounds

Online medical education is a game-changer, don’t you think?

9. Eruvaka Technologies

Eruvaka Technologies is revolutionizing the aquaculture industry with its smart farming solutions. Based in Andhra Pradesh, this Startups in Andhra Pradesh provides IoT-based solutions that help shrimp farmers monitor and manage their farms more efficiently. Eruvaka’s products include sensors that track water quality, automated feeding systems, and cloud-based analytics platforms that provide real-time insights. These technologies help farmers optimize production, reduce costs, and minimize environmental impact. Eruvaka Technologies is making a significant impact in a state where aquaculture is a major industry, positioning itself as a leader in smart farming.

Founded By and Year: Sreeram Raavi in 2012
Net Worth: Around $25 million
Business Model: B2B, offering IoT-based solutions to aquaculture farmers
Funding: Raised $10 million in multiple funding rounds

Smart farming for aquaculture – pretty cool, right? What other industries do you think could benefit from IoT technology?

8. Vassar Labs

Vassar Labs is a data analytics and IoT Startups in Andhra Pradesh that’s transforming how water resources are managed in India. Based in Andhra Pradesh, the company provides a platform that integrates data from various sources to offer actionable insights for water resource management. Their solutions are being used by governments and organizations to monitor water usage, predict shortages, and optimize distribution. Vassar Labs’ work is critical in a country where water scarcity is a growing concern, and they are playing a key role in ensuring sustainable water management practices.

Founded By and Year: Bhavani Ravi Shankar and team in 2014
Net Worth: Approximately $20 million
Business Model: B2B, providing data analytics and IoT solutions for water management
Funding: Secured $3 million in funding rounds

Richest Comedial Form Andhra Pradesh Making Millions. Click to Read more…

7. Hug Innovations

Hug Innovations, a wearable technology Startups in Andhra Pradesh, is best known for its innovative smartwatches that combine fitness tracking with unique gesture control features. Based in Andhra Pradesh, Hug Innovations’ products cater to the growing demand for wearables that do more than just track steps. Their smartwatches can be used to control various devices with simple hand gestures, making them incredibly versatile and user-friendly. With a focus on improving the overall user experience, Hug Innovations is carving out a niche in the competitive wearable tech market. (Titan Company acquired Hug Innovations for an undisclosed amount)

Founded By and Year: Raj Neravati in 2014
Net Worth: Estimated at $15 million
Business Model: B2C, selling wearable technology directly to consumers
Funding: Raised $5 million in seed funding

6. Zebi

Zebi is a blockchain Startups in Andhra Pradesh that has made a significant mark in the data security and analytics space. Based in Andhra Pradesh, Zebi offers blockchain-based solutions that ensure the security and integrity of sensitive data for enterprises and governments. Their flagship product, Zebi Chain™, is designed to handle vast amounts of data, providing a secure and tamper-proof ledger that can be used for various applications, from land registries to financial records. Zebi’s technology is particularly relevant in sectors where data privacy and security are paramount, making them a crucial player in the emerging tech landscape.

Founded By and Year: Babu Munagala in 2015
Net Worth: Approximately $25 million
Business Model: B2B, providing blockchain solutions to enterprises and government agencies
Funding: Raised $10 million in various funding rounds

5. Innotion Technologies

Innotion Technologies is a Startups in Andhra Pradesh focused on creating innovative software solutions for the education and healthcare sectors. They’re known for developing cutting-edge applications that make learning and healthcare management more efficient and accessible. Their products range from e-learning platforms to healthcare management systems that integrate seamlessly with existing infrastructure. Innotion Technologies is committed to leveraging technology to solve real-world problems, making a tangible difference in the lives of people in Andhra Pradesh and beyond.

Founded By and Year: Sai Prasad and team in 2018
Net Worth: Around $20 million
Business Model: B2B, offering software solutions to educational institutions and healthcare providers
Funding: Secured $3 million in early-stage funding

4. Docturnal

Docturnal is a healthcare Startups in Andhra Pradesh that’s making a significant impact with its innovative approach to disease diagnosis. The company has developed a non-invasive, point-of-care diagnostic solution called “TimBre,” which uses machine learning and sound analytics to detect tuberculosis (TB). This is particularly groundbreaking in regions like Andhra Pradesh, where TB is a major public health concern. By enabling early detection, Docturnal is helping to reduce the spread of TB and improve patient outcomes. Their technology is affordable, easy to use, and can be deployed in remote areas, making it a powerful tool in the fight against infectious diseases.

Founded By and Year: Harsha Kiran in 2016
Net Worth: Estimated at $10 million
Business Model: B2B, selling diagnostic solutions to healthcare providers and NGOs
Funding: Raised $2.5 million in seed funding

3. Finbox

Finbox is an exciting fintech Startups in Andhra Pradesh that’s revolutionizing the financial services sector in Andhra Pradesh. This Startups in Andhra Pradesh provides a robust digital platform that helps businesses and financial institutions offer credit products more efficiently. By leveraging advanced data analytics, Finbox enables lenders to assess creditworthiness with greater accuracy, reducing the risk of bad loans and increasing financial inclusion. Their platform is designed to be flexible and scalable, catering to the needs of various financial service providers. Finbox is quickly becoming a key player in the fintech space, not just in Andhra Pradesh but across India.

Founded By and Year: Rajat Deshpande, Prashant Mishra, and Devanshu Gupta in 2017
Net Worth: Approximately $40 million
Business Model: B2B, offering financial technology solutions to businesses and financial institutions
Funding: Raised $15 million in multiple funding rounds

Fintech is such a dynamic field, right? How do you think digital platforms like Finbox will shape the future of financial services?

Want to know more about fintech companies that are making millions?

2. iB Hubs

iB Hubs is a unique startup in Andhra Pradesh that stands at the intersection of education, technology, and entrepreneurship. They’re on a mission to foster a culture of innovation and entrepreneurship among the youth of India. By offering a wide range of training programs, workshops, and incubation services, iB Hubs empowers individuals to turn their ideas into successful Startups in Andhra Pradesh. What sets them apart is their holistic approach, providing support not just in technology and business development, but also in personal growth and leadership. With a strong network of mentors and industry experts, iB Hubs has become a go-to platform for aspiring entrepreneurs in Andhra Pradesh and beyond.

Founded By and Year: Dr. KVSS Harsha, Dr. Gopichand Katragadda, and others in 2016
Net Worth: Estimated at $30 million
Business Model: Educational services, incubation, and consultancy
Funding: Secured around $2 million in seed funding

Finally, let’s take a look at Kheyti, a pioneering agritech Startups in Andhra Pradesh that is making significant strides in the agricultural sector.

1. Kheyti

Kheyti is a pioneering agritech Startups in Andhra Pradesh that’s making waves in the agricultural sector, particularly among small farmers. Founded with the vision to address the challenges of climate change and the resulting impact on farming, Kheyti offers an affordable, modular greenhouse solution called the “Greenhouse-in-a-Box.” This innovative product helps farmers protect their crops from unpredictable weather and pests, leading to a substantial increase in yield and income. The company also provides end-to-end support, including training and market linkages, ensuring that farmers maximize the benefits of their investment. Kheyti’s mission is deeply rooted in sustainable agriculture, and they’re making significant strides in transforming the lives of small farmers across India.

Founded By and Year: Saumya, Kaushik Kallada, Ayush Sharma, and Sathya Raghu in 2015
Net Worth: Approximately $50 million
Business Model: B2B and B2C, focusing on selling greenhouse solutions and providing support services to farmers
Funding: Raised $5.8 million in funding rounds

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