Year-Ender Quotes- AI and SaaS Startups
SaaS Based Startup- SupplyNote
As the market is recovering from the pandemic, this year has been all about clarity for us. The business has witnessed 300 per cent Year-on-year growth in revenue, however major focus has been towards refining our offerings to further empower the F&B Industry. This year alone, we acquired a point of sale product to strengthen our SaaS offerings, pivoted our service vertical making it more pocket-flexible and solving wider problems for our customers. We also incepted a new business vertical to facilitate procurements for small to medium F&B enterprises.
As we stand today, we offer a complete stack of software and services for F&B Businesses that allows them to completely outsource their supply chain without compromising on quality and at a more efficient cost model. With this vision, we believe 2023 will be a year where we can expect substantial growth and transformation within the industry.– said Mr. Kushang, Co-founder and CEO of SupplyNote
The Food Industry has been growing consistently for the last decade, despite the later part of the decade being the pandemic. In 2022, we have witnessed that the industry has been making a comeback and is getting stronger than ever. The technology adoption within the industry is also increasing phenomenally. There are hundreds of startups starting every year dedicated to food tech and the market is still vastly untouched. But that is all about to change.
With young entrepreneurs being the face of innovation within the F&B businesses, the tech adoption has been higher than ever. We’ve acquired many clients this year who are data-driven, leveraging the power of technology to optimise their operations and switch to a smoother, data-led supply chain.
With the awareness increasing within the industry, SupplyNote won’t be left behind but will be at the centre of this transformation. We are planning to launch multiple initiatives to increase awareness within the industry of technologies that can make life easier for everyone.– said Mr. Harshit Mittal, Co-founder and CTO of SupplyNote.
AI Startup- SuperBot
2022 for us was more of a learning year for us. The reason to state this is because any technology when introduced in the market takes some time for getting its fair share of market acceptance. The same was the case with SuperBot. A technology which was built with the vision of Disrupting Calling, needed a lot of education, to make businesses understand what it does, how it does and what benefit it brings to them. Initially, we were trying to make everyone understand the technology, but later we realised that it’s the challenges and pain points of the businesses which need to be first identified and then addressed. That’s when we changed our approach, and instead of educating people about technology, we started discussing how SuperBot can help address all the communication-related challenges. Guess what? It worked for us!
And as stated by Bob Dole, “The best way to cope with change is to help create it”, its now that we have started getting our share of market acceptance. The name of the SuperBot has spread, and the technology is now known to businesses. Following this, we are now all set to enter 2023, to expand SuperBot in a full-fledged manner. When we say expansion it includes everything from technological upgrades, to coming up with more industry-specific use cases, supporting more languages as well as offering it in the international demography. We are really looking forward to the new year and to achieving the scalability which we have planned and projected.– said Mr. Sarvagya Mishra, Co-founder and Director of SuperBot (PinnacleWorks)
If we talk about 2022, it has been another year of a roller coaster ride for us. Because let’s keep the business perspective apart, being the Co-Founder and CTO, one thing which has always stayed on my priority list is to make SuperBot as advanced and smart as possible. But the journey, which might sound easy is a difficult one. Be it developing the Real-Time Fulfillment Functionality, which is yet offered by none at least in the Indian Market, building in-house ASRs with efficiency as high as 85% and introducing the DIY Platform, etc has their own challenges to overcome.
But today while standing at the end of the year, when once those features and functionalities which seemed next to impossible to introduce in such a short span, are live and working perfectly fine today, gives a sense of achievement. Talking about the next year, we are having expansion plans to enter the International Markets very soon, while spreading the wings to almost all the industrial segments in India & helping them address their communication needs. So yeah while keeping my eyes on the stars and feet on the ground, as said by Theodore Roosevelt, I am looking forward to the year 2023 and am all set to make SuperBot more and more advanced for disrupting calling in the near future.– Mr. Ankit Ruia, Co-founder and CTO of SuperBot (PinnacleWorks)
AI Startup- StaqU
Investments in artificial intelligence (AI) start-ups grew steadily in the years preceding and following the COVID-19 pandemic, as this ground-breaking technology displayed its potential to promote people’s lives. In 2022, venture capitalists partnered with a large number of promising early-stage start-ups in disciplines where artificial intelligence can have a notable influence, such as health care, climate science, retail, security, and education, and where AI tools can empower individuals by assisting them in being more productive and meaningful.
The funding winter, which gained momentum in the fourth quarter of 2021, will still be felt in 2023, but start-ups will emphasize overtaking the slowdown itself by managing investments appropriately, streamlining operations and cost structures, and implementing aggressive monetization strategies. To make this happen, start-ups from all industry verticals will deploy AI, ML, big data, and data analytics to enhance services and add a dynamic outlook to their client practices. For greater latency and predictability as well as minimizing decision risk across industries, existing AI models will also be fine-tuned to serve specific purposes which will be supported by the fresh infusion of capital by stakeholders– said Mr. Atul Rai, CEO and Co-founder of Staqu.