SME sector in India

5 tech start-ups enabling small businesses to boost the SME sector in India

SME sector in India is considered as the backbone of the economy as it creates millions of jobs very years and produces various products

Small and medium enterprises, or SMEs, may be gunning for the global markets. The reality of getting their systems in place before making this quantum leap poses its own set of challenges especially for the SME sector in India. Almost every SME, across all industry verticals, depends on logistics, technology, payments, etc. for business establishment and growth. And today, when the wheels of technological evolution are churning continually, the SMB market in India is focusing on start-ups. Here are Indian tech start-ups that are helping micro businesses and boosting the SME sector.

Shiprocket

Shiprocket is a logistic tech aggregation platform which automates logistic solutions for small business in the e-commerce sector. With the help of new age technologies such as data analytics and AI, the start-up helps recommend the best shipping medium and partner to the sellers. The platform integrates with several leading and specialized logistics partners such as Delhivery, Xpressbees, FedEx, Blue Dart, etc. to provide seamless logistics services. It has the largest network reach in India with 26,000 pin codes available for pickups, deliveries, and COD. Shiprocket’s CORE (courier recommendation engine) is the first of its kind and optimizes courier selection based on more than 10 variables including shipment weight, pickup and delivery performance, RTO performance, mode and cost and is able to automatically select the most appropriate courier partner and mode for each seller’s shipment that’s processed on the platform.

LendingKart

LendingKart Technologies Private Limited is a fin-tech start-up in the working capital space. The company aims to transform small business lending by making it convenient for SMEs to access credit easily. The company uses technology and analytics tools by analyzing thousands of data points from various data sources to assess the creditworthiness of small businesses rapidly and accurately. The company has developed technology tools based on big data analysis, which facilitates lenders to evaluate the borrower’s creditworthiness and provides other related services.

Khata Book

Khata Book (Ledger Account Book) to replace your traditional bahi khata by new digital ledger cash book. Khatabook automatically takes care of all accounting needs. With Payment Reminders feature, an automatic SMS is sent to customer’s every time a transaction is recorded against them.

Meesho

Meesho enables small businesses and individuals to start their online stores via social channels such as WhatsApp, Facebook, Instagram, etc. Meesho is an Indian-origin social commerce platform founded by IIT Delhi graduates Vidit Aatrey and Sanjeev Barnwal in December 2015. It enables small businesses and individuals to start their online stores via social channels such as WhatsApp, Facebook, Instagram, etc. Meesho is headquartered in Bengaluru, India and was one of the three Indian companies to be selected for Y Combinator in 2016. It was also a part of the first batch of Google Launchpad – Solve for India program.

Shopmatic

Shopmatic provides a platform for any merchant who wants to take their business online. Right from helping them develop their own webstore to listing them on marketplaces and social channels and providing them with insights on how to sell online.

 

(The listicle has not been compiled or written by Dataquest editors)

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