Pre-seed investment company Antler India hosted its third Spotlight event, which brought together its portfolio companies with funds and investors.
At the event, 10 startup founders spoke about their ventures, which ranged from fashion tech to legal tech.
Tradomate
Riding the AI boom, Tradomate is an algo trading platform founded by Ritvik Dashora, Yashu Gupta, and Satyam Upadhyay. Using AI-powered intelligence, it aims to make investing easier for its clients and traders.
The company, which went live in March this year, is targeting about 200,000 super traders in the next 12 months.
ALT Fashion
ALT Fashion is another startup using AI models to disrupt how products are aggregated and discovered on shopping platforms such as Myntra and Marks & Spencer.
Founded by brother-sister duo Rashida Bohra and Abbas Ali Bohra, the platform currently has a 40% add-to-cart conversion on a monthly activated base, which refers to the percentage of website visitors who successfully added a product to their shopping cart and proceeded to complete the checkout process. The industry benchmark is 10%.
Bookee
Bookee, an AI-based vertical SaaS startup for wellness, aims to help business owners in the space simplify operations, manage clients, automate campaigns, and more. The company is targeting $10 million in annual recurring revenue (ARR) in the next 18-24 months.
According to Antler, while Ola and Uber have completed 600 million trips in India, it takes less than one month for all intercity bus travel in the country to reach the same number.
ApniBus
ApniBus is a startup aiming to build an intercity mobility platform to help simplify intercity bus travel.
Founded by Sumit Gupta and Ravi Yadav, the company taps into the 30 million intercity bus travellers and the 750,000 buses that operate daily. It aims to increase the less than 2% online penetration of these buses so travellers can book seats online.
Cautio
Cautio has built a full-stack video telematics system to reduce on-road and in-vehicle incidents by 50% in five years.
The dash-cam maker, founded by Ankit Acharya and Pranjal Nadhani, added that it has signed 4,500 vehicles in the three months since its launch, and 20,000 vehicles are currently in the pipeline.
According to Acharya, the company will be hitting a $3 million run-rate with over 30 customers in the next 19 months.
Nurturev
SaaS startup Nurturev focuses on revenue expansion technology using AI agents to capture and synthesize unstructured data to automate account research for its clients.
Founded by Sayanta Ghosh, Rajat Jain and Nikhil Ojha, the company employs more than 50 data sources to automate account research for its clients and helps them discover opportunities from account whitespaces.
The company is on track to reach $1 million in ARR in the next nine months, it said at the event.
Covrzy
Insurance startup Covrzy provides insurance coverage for Indian micro, small, and medium enterprises (MSMEs).
Covrzy added that it is currently exploring partnerships with Delhivery, Blue Dart, and Zepto, among others.
Gladful
India has one of the lowest protein consumption rates in the world, at less than 2 kilograms per person annually. Gladful aims to address this gap through its breakfast line, which includes sprouted lentil chilli, pancakes, and dosa mix, among others.
Other startups that presented at the Spotlight event included generative AI software startup for comic and 2D animation, Autodraft, and Unsuit, a company that has built an AI-powered platform for legal tech.
