Rupeek

Founders: Sumit Maniyar and Ashwin Soni

HQ: Bengaluru

This is an integrated online platform for Gold Loans. It is an app based lending platform for both lenders and borrowers. The business model is the brainchild of Sumit Maniyar and Ashwin Soni, who are graduated from the IIT Bombay. The borrowing process is streamlined through either calling an agent or downloading the application on their mobile phones to specify loan details easily. Prior to approval, gold authenticity verification occurs with implementation of a credit risk model that transfers money directly into borrower's bank accounts upon acceptance thereof. This application can be downloaded from the Android store effortlessly thereby allowing convenient access anytime anywhere. In its latest funding round the startup grabbed $16.9million, and overall it collected $194million over 14 rounds.

InMobi

Founders: Naveen Tewari

HQ: Bengaluru

The company was initially started in 2007 by IIT Kanpur graduate Naveen Tewari, as an advertising platform and now it has reorganized itself with top-notch digital service and in 2019, they launched a mobile based platform called Glance, which is offering its global customers to discover everything they love on their lock screen and other surfaces. The company is targeting to mix the human creativity with AI precision to transform consumer engagement, by creating a digital space where interactions are not just seamless, but exceptional. Currently, it is now competing with tech giants like Google and Facebook for data-driven mobile advertising. In its latest funding round, on 11th September it secured $100 million from MARS Growth Capital. All in all it nets $266 million over 9 rounds.

Last note

Startups led by engineers are poised for success, thanks to their extensive technical knowledge and aptitude for problem solving. As emerging technologies such as artificial intelligence, blockchain and clean energy catching speed, these startups have the potential to transform industries with innovative solutions. Their proficiency in technology enables them to tackle intricate problems while optimizing processes and developing advanced products. With tech-focused ventures receiving increased funding opportunities are ushering the mounting demand from consumers seeking scalable sustainable options. During this time of holistic development in their field, they gain invaluable exposure that prepares them for success.