This article is part of Inc42s special year-end series 2019 In Review in which we will refresh your memory on the major developments in the Indian startup ecosystem and their impact on various stakeholders from entrepreneurs to investors. You can read more stories from this series here.
For last years words belong to last years language and next years words await another voice. And to make an end is to make a beginning TS Eliot
As the curtain falls on 2019, Inc42 is taking a look back at our coverage over the past 12 months to recall our achievements, milestones and growth so far. India has had an eventful year to say the least and we have already recapped some of these highlights in our 2019 in Review series. It gives us so much joy to share that Inc42 didnt just do what it does best but also took up new endeavors and aced them.
We have expanded this year. With some highly talented professionals joining our team, our coverage is now wider and deeper than ever.
This year we published more than 5,300 stories, which reached over 20 million people every month. Besides this, Inc42 organised 19 events bringing the ecosystem together at various times and with different agendas in particular, the BIGShift series took an expanded form with a six-city tour and Datalabs by Inc42 published over 19 reports and research articles on the ecosystem.
This year, we dug deeper to get more exclusive stories and original insights than ever before.
Exclusive: Quikr Lays Off Up To 2000 Employees In Aftermath Of Major ScamExclusive: Doodhwala Employees Also File FIR Against Founders Over Unpaid SalariesExclusive: Reliance Acquires Majority Stake In Deeptech Startup Tesseract
Exclusive: Behind Amazon Indias Food Delivery Platform Coming This DecemberExclusive: Vijay Shekhar Sharma Backs Up Admiration For Nurturing Green With Investment
Exclusive: Social Commerce Startup Wooplr Shuts Down As Merger Talks Fall Through
Exclusive: Government Says No Plan To Create 1 Lakh Digital Villages, Reveals RTI
Inc42 would also like to take this opportunity to give a shoutout to you. While we were busy garnering startup stories or brainstorming to hook you in with our events, our readers showered us with love and support.
We began the year with the Inc42 Startup Watchlist of the most promising startups in India. As was expected, many of these have gone on to clinch funding this year to validate our predictions.
As it is said old habits are hard to die, so Inc42 revived the much-loved Moneyball series in the middle of the year as VCs and investors opened up about the new India and their approach to investments.
Here are some of the best Moneyball stories from the year:
Moneyball: Lightspeeds Vaibhav Agrawal On Converting Startup Ideas Into Numbers
Moneyball: Aavishkaars Anurag Agrawal On Investing For Social Change
Moneyball: BV Naidu On Why StartupXseed Targets Low Investment Size And Prefers Faster Exits
Our signature What The Financial series went through a major revamp this year as well. Inc42 laid bare the financial performance of startups and analyzed what makes the company tick and where it is losing money. Heres our pick of the best:
[What The Financials] Heavy Discounts Helped Grofers Boost Revenue But Expenses Eat Up Growth
[What The Financials] Despite TikTok Success, ByteDance Earned Almost Nothing From India Business In FY19
[What The Financials] Olas Path To Profitability, IPO Blocked By Losses In Food, Vehicle Leasing[What The Financials] Dunzo Comes Undone With No Real Revenue And Towering Expenses
[What The Financials] PhonePe Continues To Burn Cash But Revenue Grows 4X
And while unicorns go through growth pains, soonicorns represent the next big hope for the Indian startup ecosystem. The Inc42 UpNext series captures the mood at soonicorns and their plotting to reach the unicorn club. Heres a selection:
Inc42 UpNext: Nazara Bets On Its Gaming Ecosystem To Get India To Pay To Play
Inc42 UpNext: Livspace Fuels Indias Appetite For Home, Interior Design With Omnichannel Play
Inc42 UpNext: UrbanClap On Designing AI Systems To Expand And Scale Up Sustainably
Inc42 UpNext: Can Zerodhas Million-Strong Investor Base Hold Its Digital Investment Fort?
Inc42 UpNext: How Capital Float Is Fighting SME Lending Battles On The Unicorn Path
It was a great year for Datalabs by Inc42 as the team of analysts, data engineers and researchers dug out the most insightful trends of the ecosystem across sectors and for various quarters. The Datalabs team also plays the role of the data enabler for the Inc42 editorial stories and many of our biggest stories this year would not have been possible without this invaluable support.
In addition, Datalabs gave us in-depth articles about the scope of Indian drone and aerospace startups in the well-received feature To Infinity And Beyond: Indias Aerospace Startups Are Starting To Blow Their Thrusters. It turned its attention to the foodtech industry amid protests from restaurants. Read The Dark Side Of Discounts: Lessons From Zomato Gold For Indias Food Startups to know more about the Datalabs insights.
Here are some interesting reads from the Datalabs vault this year:
Why Its Time To Take Notice Of Indias Evolving Food Service Market
Why Data Is Not Oil: Heres How Indias Data Localisation Norms Will Hurt The Economy
Japanese Investors In India Are Placing Safe Bets As They Chase The Billion-Dollar Dream
Are Investments In Indian Startups Slowing Down? Heres The Base Year Fallacy
Union Budget 2019: Sitharamans Fresh Ideas To Push Indias Towards A Digital Economy
See all stories from Datalabs by Inc42 here.
Finally, we produced stories that not only changed the narrative of the industry but also enabled players to raise important questions, debate over policy decisions, analyse market trends and perceive the changes as they happen.
Here are the top news stories from this year:
Exclusive: Amit Bhardwaj And The GainBitcoin Investor Saga Lands On President Kovinds Desk
The main accused in the massive GainBitcoin scam case, Amit Bhardwaj, in September, filed a separate application in the Supreme Court of India, seeking to deposit INR 2 Cr in lieu of Supreme Courts order of depositing INR 10 Cr within six month period, which was passed on April 3, 2019.
Sex Sells, So Why Not Sexual Wellness? Indias Startups On Emerging From The Shadows
Flipkart Video Originals Are Here: Has Flipkart Got The Timing Right?
Production houses such as Studio Next, Frames and Sikhya Productions will be bringing original content across languages and genres to Flipkart Video Originals, said Flipkart said in a press statement.
White Revolution 2.0: Dairy Tech Startups Rise On Indias Cow-Friendly Policies
According to the Food and Agriculture Organisation, India produces 160 Mn tonnes of milk in over 75 Mn dairy farms per year for a market that is worth around $30 Bn. The country is the second-largest milk producer after the US.
Searching For Superman
Indians, nowadays, are overtly dependent on apps, which take precious space on smartphones. However, Tapzo (one of Indias earlier super apps) founder Ankur Singla, in a blog post in 2017, said that almost all apps (except for the top 5-8 apps) see 60-80% uninstall rate within 90 days of users installing the app.
All That Glitters Is Not Gold: The Hard To Digest Economics Of Zomato, Swiggy & Co
The Economics Of Foodtech Part 2: The Math Behind Cloud Kitchens In India
One of Delhis first cloud kitchen restaurateurs and owner of 11 online kitchens across Delhi and Mumbai, Madhav Kasturia, told Inc41, We started four years ago with a high street restaurant but soon realised that paying INR 45K on just rent for the orders we were raking in was too high, so in a year we pivoted.
Indian Govt Requests Maximum Social Media Content Takedowns In The World
The which government censors online data the most report states that social media platforms and global technology companies have received as many as 77,620 takedown content requests from India in a span of nine years.
I Do: How Indian Couples Today Are Tying The Knot With Wedding Tech Startups
Exclusive: 100X.VC Funds Sanjay Mehta On Creating A Finishing School For Startup Founders
Think of us as a finishing school for founders who have no idea how to raise money. Our aim for this class is to get everyone 100% placement among VCs, said serial investor Sanjay Mehta.
Last but not least, INC42 expanded its repertoire of events this year! Inc42s events are not just for the glamour and glitz but for networking and connecting. Any recap of 2019 will remain incomplete if we do not mention the VC Dinner and BIGShift series.
VC Dinner, which was supported by HSBC, commenced on November 28, 2019, in Bengaluru. The event brought together the decision-makers of the investment world for interesting collaborations, global connections, cross learnings, and umpteen interesting stories.
The latest edition of BIGShift an initiative to enable, engage and empower startups in Indias Tier 2 cities saw more than 350 attendees and more than 30 pitches. This years BIGShift events were also attended by more than 300 startups in six cities Kochi, Nagpur, Ahmedabad, Vizag, Chandigarh and Indore.
Here are some stories of startups discovered at the BIGShift events.
Discovered at Inc42 BIGShift: Vizag Edtech Startup Botclub Is Helping Kids Discover The Joy Of Science
Discovered At Inc42 BIGShift: Raipurs Minocular Takes The SaaS Route To Boost Mining Efficiency, Safety
Discovered At Inc42 BIGShift: Indores ClassMonitor Takes Students Back To Tradition With Hybrid Digital Learning
Other events by Inc42 that grabbed limelight this year include Founders Meetup 10 By Inc42; The Dialogue By Inc42 And Ikigai Law; Pulse42, Mumbai: The Pulse Of Tech and Huddle Kerala.
Like every year, Inc42 is wrapping up this year with the year-ender series 2019 in Review. For the year 2020, we are lining up our signature Startup Watchlist, which is coming next month, along with the usual dose of exclusive scoops, insights and data about the Indian startup ecosystem!
Have a great new year and all the best for 2020 and beyond from Team Inc42!
- BitCherry To Build a Trusted Distributed Business Ecosystem - Coinspeaker - February 6th, 2020
- Building a Worker Co-op Ecosystem: Lessons from the Big Apple - Nonprofit Quarterly - February 6th, 2020
- Letters: Healthcare industry needs its own digital ecosystem - ModernHealthcare.com - February 6th, 2020
- The new financial ecosystem of big banks and big tech - ValueWalk - February 6th, 2020
- To protect ecosystem, improve balance on critical regulatory panel - theday.com - February 6th, 2020
- How to fall in love with the Apple ecosystem all over again -- spend more money and buy new stuff - ZDNet - February 6th, 2020
- Artificial intelligence requires trusted data, and a healthy DataOps ecosystem - ZDNet - February 6th, 2020
- Preserve the Sacred Lands of the Greater Yellowstone Ecosystem - CounterPunch - February 6th, 2020
- Organizations only protect 60% of their business ecosystem, Accenture finds - CIO Dive - February 6th, 2020
- IBM: building a digital ecosystem to support the mine of the future - Mining Global - Mining News, Magazine and Website - February 6th, 2020
- Structo Partners with Pro3dure to Extend applications in the Velox ecosystem - Manufactur3D - February 6th, 2020
- Epic and about 60 hospital chains come out against rules that would make it easier to share medical info - CNBC - February 6th, 2020
- [2020 Outlook] Indian startup ecosystem raring to break new ground in the new year - YourStory - January 2nd, 2020
- [2020 Outlook] What investors expect for the Indian startup ecosystem in the year ahead - YourStory - January 2nd, 2020
- Chuck Todd Finds All the Disinformation In 'Ecosystem Problem' on the Right - NewsBusters - January 2nd, 2020
- THE CONNECTIVITY B2B ECOSYSTEM: How 5G and next-gen networks are transforming the role telecoms play in enterp - Business Insider India - January 2nd, 2020
- Looking back at the Indian startup ecosystem in 2019 - YourStory - January 2nd, 2020
- 2019 In Review: Key Milestones That Indian Startup Ecosystem Achieved This Year - Inc42 Media - January 2nd, 2020
- Vivo, OPPO and Xiaomi Partner to Bring New Wireless File Transfer System to Global Consumers - PRNewswire - January 2nd, 2020
- Bringing start-ups and corporates together to foster maritime innovation - Riviera Maritime Media - January 2nd, 2020
- Regional disparities in the Indian innovation ecosystem - Forbes India - January 2nd, 2020
- Fixing the rot in Indias financial ecosystem - The New Indian Express - January 2nd, 2020
- The inside story of the AppStore, Salesforces Marc Benioff, and a gifted URL to Steve Jobs - 9to5Mac - January 2nd, 2020
- For 2020, Cross River Bank Says It Will Increase Collaboration to Grow New Jersey's Fintech Ecosystem - njtechweekly.com - January 2nd, 2020
- As healthcare moves to the home, CISOs can't be 'Dr. No' - MobiHealthNews - January 2nd, 2020
- The story of why Marc Benioff gifted the AppStore.com domain to Steve Jobs - TechCrunch - January 2nd, 2020
- NBCs Ben Collins to Chris Hayes: Trump Retweets Shady Accounts Because He Listens to Alternate Ecosystem Where Hes God Emperor - Mediaite - January 2nd, 2020
- The moon and Earths ecosystem - OrissaPOST - January 2nd, 2020
- Frontline Systems Launches Analytic Solver V2020: Tool for Analytics-Powered Decision Models in the Microsoft Ecosystem - PR Web - January 2nd, 2020
- Time to stop playing with acronyms and create vibrant eco system in North East - Economic Times - December 21st, 2019
- What You Can Do to Build an Innovative Ecosystem - CMSWire - December 21st, 2019
- TrueFort Expands Fortified Ecosystem with Infoblox and Others - Business Wire - December 21st, 2019
- Driving up the value of AI starts with building an ecosystem - CIO Dive - December 21st, 2019
- OKEx Research: Ecosystem, and Innovative Products - newsBTC - December 21st, 2019
- The Unter-class is the Whole Ecosystem - Fairplanet - December 21st, 2019
- Paige Raises $45M to Expand AI-Native Digital Pathology Ecosystem to Accelerate Biomarker Discovery - HIT Consultant - December 21st, 2019
- Dotscience Gains Momentum in the MLOps Ecosystem and Accelerates Deployment of Machine Learning Models into Production with New Technology... - December 21st, 2019
- Rakshit Shetty talks about 'Avane Srimannarayana' and the eco-system that enables his work - The Hindu - December 21st, 2019
- Are Apple Macs worth the money? - scallywagandvagabond - December 21st, 2019
- Silicon Labs and Z-Wave Alliance Expand Smart Home Ecosystem by Opening Z-Wave to Silicon and Stack Suppliers - PRNewswire - December 21st, 2019
- Transforming the insurance sector to an Open API Ecosystem - Finextra - December 21st, 2019
- Apple Issues New Blow To Google With This Bold Security Move - Forbes - December 21st, 2019
- Why the $52K Mac Pro is important for everyone who cares about the survival of the Mac ecosystem - ZDNet - December 21st, 2019
- The Top 3 Fintech Stocks to Buy in 2020 - Motley Fool - December 21st, 2019
- GW addresses report recommendations to improve research - GW Hatchet - December 21st, 2019
- Hyundai teases flying car concept ahead of CES - Autoblog - December 21st, 2019
- N.S. won't protect land with 'globally rare' ecosystem that company eyes for golf resort - CBC.ca - December 21st, 2019
- OPPO announces three initiatives to co-build new intelligent service ecosystem with developers & partners - United News of India - December 21st, 2019
- Ecosystem | Definition of Ecosystem by Merriam-Webster - November 21st, 2019
- Ecosystem - Wikipedia - November 21st, 2019
- Has Arm Discovered the Ecosystem Keys? - The Next Platform - November 21st, 2019
- Integrating Global Seagrass and Mangrove Ecosystem Observations - Eos - November 21st, 2019
- The collapse of the information ecosystem poses profound risks for humanity - The Guardian - November 21st, 2019
- Dreamforce 2019: Salesforce Outlines Initiatives To Ignite Ecosystem Growth - CRN: The Biggest Tech News For Partners And The IT Channel - November 21st, 2019
- Ten Predictions On The Future Of Work, VC And The Tech Ecosystem For 2020 And Beyond - Forbes - November 21st, 2019
- Galt Earth Day: Lucero Farms partners with the ecosystem - The Galt Herald - November 21st, 2019
- Why Your Organization Needs an Innovation Ecosystem - Harvard Business Review - November 21st, 2019
- Ecosystem Kickstarter is a cardboard structure that fights soil erosion - Dezeen - November 21st, 2019
- Sapiens Expands Its Partnership Ecosystem With Lightico to Enhance Digital Customer Interactions for the Insurance Market - MarTech Series - November 21st, 2019
- How human and animal excrement harm the planet's ecosystem - Bulletin of the Atomic Scientists - November 21st, 2019
- Working in Partnership to Power the News Ecosystem - Reuters - November 21st, 2019
- Mellanox, JVP To Develop Haifa's Tech And Innovation Ecosystem With $14M Investment | Technology News - NoCamels - Israeli Innovation News - November 21st, 2019
- Oracle's Aubrey Hawes on Open Banking and ecosystem building - Tearsheet - November 21st, 2019
- Vermont Futures Project recommends strengthening the innovation ecosystem - Vermont Biz - October 24th, 2019
- Android 9 was installed on less than a quarter of the ecosystem as Android 10 launched - The Verge - October 24th, 2019
- Leave those fall leaves for a nicer lawn and a healthier ecosystem - Greater Greater Washington - October 24th, 2019
- Innovation and safety: creating a safer road transport ecosystem - Intelligent Transport - October 24th, 2019
- Inmar Expands Innovator Ecosystem with Acquisition of Digitus Solutions - Yahoo Finance - October 24th, 2019
- Plasan Introduces the StreetDrone Open Autonomy Platform to Israel - Army Technology - October 24th, 2019
- Investing In The Nonprofit Ecosystem - Forbes - October 24th, 2019
- 35 New Integration Partners Join Thriving Clio App Ecosystem - Yahoo Finance - October 24th, 2019
- Trump Wants Loggers to Tear Through This Pristine Forest. If It Happens, the Ecosystem Will Be in Chaos. - Mother Jones - October 24th, 2019
- Treating the IT Ecosystem as an Actual Ecosystem - MarketScale Industries - October 24th, 2019
- Identity and Access Management for Healthcare getting it right to support clinical workflows Part Two - HealthLeaders Media - October 24th, 2019
- Understanding Startup Investment Dynamics Within The Logistics Ecosystem - Benzinga - October 24th, 2019
- Understanding the Decentralized Finance Ecosystem: Part 2 Top DeFi Projects - Bitcoin & Crypto Guide - Altcoin Buzz - October 24th, 2019
- Indian startups have raised a record $11.3B this year - TechCrunch - October 24th, 2019
- Global Access Control Ecosystem, 2019 | 5 Year Forecasts of Unit Sales & Revenues for Smart Door Locks, Video Doorbells, and Smart Garage Door... - October 24th, 2019
- Restoration Agriculture: A New Approach to Growing Food - WCAI - October 24th, 2019
- Yurok Tribes Connection to Klamath River Weakens as Ecosystem Declines - The LumberJack - October 24th, 2019