US startup incubator Y Combinator has chosen for its winter batch this year four Indian companies dealing in robotics, e-commerce, ed-tech and automation.
Started in March 2005, Y Combinator has spawned a number of startups including home-renting company Airbnb Inc., social media network Reddit Inc., file sharing and storage company Dropbox Inc., question-and-answer website Quora, and payments startup Stripe.
The selected Indian startups are as follows:
Cityfurnish, run by Gurugram-based Magneto Home Pvt. Ltd, was founded in September 2015 by Neerav Jain. Cityfurnish, which is a furniture, furnishings and consumer appliances rental startup, works on a full-stack model, that is, it controls everything: Sourcing of raw materials, designing, manufacturing and logistics. The brand is currently serving regions including Delhi-NCR (National Capital Region), Bengaluru, Mumbai and Pune. It is now aiming to expand to Hyderabad and Chennai. Cityfurnish has nine fulfilment centres across five regions: Noida, Gurugram, Mumbai, Pune and Bengaluru.
Skill-Lync is a Chennai-based company founded in 2015 by Suryanarayanan Paneerselvam and Sarangarajan Iyengar. The company provides online courses for mechanical engineering students in India, helping them develop employable skills to get hired. A TechCrunch report says that the company, which started out as a YouTube channel to share engineering tips, is bootstrapped and promises India’s mechanical engineers a job, else gives their money back.
Mudrex Inc. is a Bengaluru-based company founded in 2018 by Rohit Goyal, Edul Patel, Prince Arora, Alankar Saxena and Snehil Buxy. The company helps crypto traders automate their trading without needing to write a single line of code. Traders can write their trading logic using a flowchart tool, test their trading rules on historical or live data, and put their strategies live on multiple exchanges to trade automatically. Any trader can get started with automated trading within minutes without spending a dollar. Before Mudrex, the founders had started companies like Housing.com, Niffler, and PaxPlay.
Trexo Robotics Inc. is an Ontario-based company founded by two Indians -- Manmeet Maggu and Rahul Udasi. The company, founded in 2016, builds wearable robots that help children with cerebral palsy walk, in many cases for the first time in their lives. Trexo’s mission is to enable mobility for everyone, starting with children. The company was started when founder Maggu’s nephew was diagnosed with cerebral palsy and was told that he would never be able to walk. Trexo has launched its first product for home use, and kids are already using it to walk everyday.