(The Article is Authored by, Rajesh Singla ,Founder & CEO, Planify)
The Indian startup ecosystem is booming with innovation and disruption, as entrepreneurs are solving some of the most pressing problems of the country and the world. With such a vibrant and dynamic landscape, it can be challenging for investors to identify the best startups to invest in. However, some key factors can help in making informed decisions, such as the problem-solution fit, the market size and potential, the traction and growth, the team and vision, the competitive advantage and differentiation, and the valuation and exit opportunities. As we step into November 2023, Planify, the biggest platform to invest in startups, MSMEs, PreIPOs, Unicorns and more, unveils a list of promising startups that exhibit potential for remarkable growth in their respective fields.
Proxgy
Proxgy is a startup that is developing a turnkey ecosystem of IoT-based solutions to enhance the lives of blue-collar workers. Their smart wearables and safety products prioritize workplace safety and efficiency. With expertise in IoT and wearables, they strive to create affordable and functional solutions. Its flagship product is SmartHat to provides immersive, handsfree, intelligent, safe, analytical solutions to blue-collar workforces to connect, collaborate and coordinate.
Proxy specializes in manufacturing industrial IoT hardware and targets the B2B segment for sales. Their main revenue comes from 3 product streams – DaaS, Saas, and Data Intelligence. It is expected that the company will achieve a turnover of Rs. 329 Cr. by FY26% with a 7% PA margin, Proxy profits should be close to 24Cr. Even at the current industry P/E of 30x, the company is expected to achieve a 720 Cr. valuation in 3 years which is a multiple of 3.6x of the current evaluation (200Cr). Proxy has also gained a first-mover advantage and has received more than 25 IPR (patents) grants across the US, European Union, and India.
VCI Chemical Industries
The company is involved in the production of specialty chemicals products i.e. Coal tar pitch and distillates. The company also aims to meet the entire domestic requirement of high-grade distillates. Currently, India imports the majority of its high-yield distillates from China due to the high production cost involved but VCI aims to make India Aatmanirbhar in this field. The company aims to substitute 20%-25% of the aluminum grade pitch requirement in the Middle Eastern market which currently relies 100% on Chinese imports.
Experiential Etc
The company is involved in large-scale advertising campaigns for its customers, spread across multiple domains from outdoor campaigns to Online advertising. The company uses the latest technology like Artificial Intelligence (AI), Virtual reality, Smart Apps, and Interactive Videos to engage with their customers. ExperientialEtc uses futuristic technology which allows businesses the flexibility to be creative and adapt their campaigns based on customer feedback. Experiential relies on futuristic technology like Holonet, AR Filters & Liveglass to make their campaigns more creative & further enhance the user experience.
The company has a very broad brand portfolio which it has tied up with. These include both Indian brands, as well as Foreign Brands, spread across multiple sectors from Media & Entertainment, Food, Automobile & Electronics. Experiential has partnered with brands like Amazon Prime, Disney, Cadbury, Cargill, TVS, TATA, JSW, HP, Croma, and KPMG to name a few. These brands have ensured Experiential has a very wide presence across multiple sectors.
Reworks
Reworks core objective is to grant businesses and individuals access to top-tier refurbished IT equipment that embodies three essential elements: affordability, dependability, and sustainability. Their commitment is to furnish a diverse array of refurbished products through their user-friendly e-commerce platform, ensuring that customers discover the perfect technology solutions to meet their unique needs. By advocating for the reuse and repurposing of IT equipment, their goal is to curtail electronic waste and make a meaningful contribution to a more sustainable future. With exceptional customer service, transparent transactions, and dependable products, they aspire to become the trusted go-to source for budget-friendly and environmentally responsible IT solutions.
The company is looking for Rs. 10 Cr. to raise and will utilize funds for app creation, digital presence, and technology TRC engineers. The expansion will allow an increase in market shares, reach new customers, and generate new revenue systems.
Twekesbury
It is one of the most exciting investment opportunities in the cloud kitchen space – Twekesbury Hospitality Private Limited – a cloud kitchen startup based in India and operates via a network of 30 internet restaurants and 5 cloud kitchens in Delhi, Noida, Lucknow, and Kanpur.
The company offers a variety of cuisines, including Indian, Chinese, Italian, and Mexican through 6 of its self-owned brands. It has a strong team with experience in the food industry, and the company has developed a unique operating model that allows it to operate multiple brands from a single cloud kitchen.
Twekesbury implements a hub & spoke model under which it distributes food from its central kitchen to every front-end kitchen on a daily or bi-daily basis, ensuring the highest quality, unmatched freshness, and delicious taste. This distinguishes it from its competitors, who distribute food on a 15-day basis.
CSA Advisors: A Trusted Financial Advisory Firm
CSA Advisors is a startup that provides financial advisory services to individuals and businesses. It offers a comprehensive range of services, such as tax planning, investment management, risk management, financing solutions, and financial consulting. CSA Advisors has a qualified analytical team with 35+ years of expertise in fund allocation and diversified portfolio management. They have an in-house developed model for macro-level market analysis, covering the Nikkei market and the Chicago Board of Trade and provide secured, guaranteed, and assured returns by credible IDBI trustees. The Company has a prestigious group of investors, including senior executives from the Big 4 consultancy firms, a former COO and vice president of Tata Docomo, government officials, merchant bankers, non-resid ent Indians (NRIs), and chartered accountants. It has also received accolades from various organisations, such as Best Financial Advisory Firm Award, Best Tax Consultant Award, and Best Wealth Manager Award.
The company’s investment strategy focuses on allocating funds primarily to blue-chip companies with a breakdown of 20% in forex, 14% mid-cap companies, 7.5% each for gold, silver and startups, 6% for small-cap companies and 5% for real estate. The company aims to collaborate with fintech and wealthtech platforms to make its products and services available to clientele. The strategic move will provide the company with access to a substantial and expanding customer base already demonstrating a keen interest in finance services.
Conclusion
Investing in startups involves high risks and uncertainties. Therefore, investors should do their own due diligence and research before making any investment decisions. Investors should also consult with professional advisors who can guide them through the process of investing in startups. Planify is a platform that helps investors discover and invest in Startups, Pre-IPO, SME IPO, Unicorns and unlisted companies. It provides end-to-end services, such as valuation analysis, due diligence, pitchdecks, and more. It also provides access to exclusive deals and discounts on various startups.
Above mentioned are some of the best startups to invest in November 2023, based on their innovation, disruption, growth potential, and competitive edge. These startups are solving real problems in various domains and creating value for their customers and stakeholders. These startups are also backed by reputable investors and partners who believe in their vision and mission. Investing in these startups can provide attractive returns and social impact in the long run.
