Enterprise Tech Startups Take the Lead at The Smart CEO Startup50 Awards 2016

BENGALURU, November 4, 2016 /PRNewswire/ --

Evaluated by a Jury comprising some of India's most respected entrepreneurs and investors including Ashok Soota of Happiest Minds, Amit Patni of RAAY Global Investments and K. Ganesh of Portea Medical, the 2016 Startup50 List features some of the best companies from across diverse sectors such as Enterprise Tech, Consumer Tech, Consumer Brand, Healthcare & Social Impact. The entrepreneurs at the helm of all these 50 companies have built wonderful businesses with long-term potential, robust financials and solid VC-backing. 

On the eve of The Smart CEO Startup50 Conference & Awards 2016, held at Taj West End, Bengaluru, the founders and first employees of 50 of India's most successful startups joined their peers in becoming a part of The Smart CEO Startup50 List of 2016 . Each of these 50 startups, spanning across diverse sectors and unique business models, was shortlisted from a pool of 450 nominations and evaluated by a top-notch Jury comprising Ashok Soota, Chairman, Happiest Minds Technologies, Amit Patni, Co-Founder & Chairman, Nirvana Venture Partners, Ganapthy Venugopal, Co-Founder & CEO of Axilor Ventures, Krishnan Ganesh, Partner at Growth Story, Shubhankar Bhattacharya, Venture Partner at Kae Capital and Naganand Doraswamy, the Managing Director & CEO of Ideaspring Capital.

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While enterprise tech startups such as ReConnect Energy, Flutura Technologies, Indix and Capital Float bagged the most awards, it was closely followed by companies in the Consumer Tech and Consumer Brand segment earning recognition for their works.

Of course, the determining factor for making the cut was ticking the box on eight criteria; originality of idea, innovation of business model, long-term potential, revenue/profit growth, employee satisfaction, customer satisfaction, brand and social impact.

For example, Jaypore Ecommerce, which hosts Indian crafts-based designs across apparel, jewellery, art and home accents, made it to the Startup50 List, under the Consumer Tech category, for building an e-commerce business, which turned profitable in its very first year of operations. Similarly, Triguni Foods, the makers of Magic Upma and Magic Biryani, framed in the Consumer Brand List for building a robust brand in the airline food segment. Some other categories where businesses with long-term potential, innovative business models and profitable growth were identified are; enterprise technology, social impact and healthcare.