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
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 the life easier for everyone.
Mr. Harshit Mittal, Co-founder and CTO of SupplyNote
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.
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)
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
Mr. Atul Rai, CEO and Co-founder of Staqu.
2022 has seen the trend shifting from growth at all costs, to more sustainable growth. Both startup founders & investors have become cautious of high cash burn and have started focusing more on cost reducing & bringing visibility of profitability or at least making businesses unit economics right. We are looking at a lot of course corrections in terms of team restructuring, bridge fundraising, founders cutting their own salary cuts, removing perks & focusing on core business rather than trying multiple side products. And this trend will continue in 2023 also. There’s no denying that funding has been a slowdown for start-ups, especially at the growth stage, but funding as a whole is not going to stop. In fact, those startups that were prioritizing profitability are getting center stage & are hot favorites among investors. The funding winter seems to be a prolonged one and would probably extend for the first half of 2023, as the global market corrects itself further in the rising interest rate environment. However, startup funding is not likely to see any imminent pause, especially for early-stage ventures. From Tier 2/3/4, a huge inflow of new angel investors is on the rise and so seed to angel stage funding will see a lot of investments and the contribution of angel investors will be the most significant in overall funding in 2023.
Neeraj Tyagi, CEO & Co-Founder, We Founder Circle
Analytical views on 2022: This year we entered the winter season in terms of cryptocurrencies, as the high-profile collapses of Terra/Luna and FTX sent shockwaves across the industry and liquidated more than $2 trillion from the total crypto market cap all-time high from November 2021. While this events came throughout the year, some investors declared that they are done with crypto, or others, who know that these fluctuations are normal, are looking confident for the next year to come and they are preparing their investments. We are looking confident for the coming year in terms of business opportunities. This year had the opportunity to clear up the market from scam companies, and make them take a step back and think twice if this is an industry where they want to be involved in. It is also teaching investors to have patience in terms of their investments. For 2023 end, we are expecting a rise in the market, as new regulations are coming into place to make crypto a more secure space. However, interest rates are rising and monetary stimulus is being lowered, which is likely to produce a tougher funding environment that will narrow the field of potential investors that can win high strikes.
Mr. Kumar Gaurav, Founder & CEO of Cashaa
One of the biggest shifts that I have witnessed across industries – be it financial services, automotive, media or technology, is that the business leaders are harnessing data with purpose more than ever in the past. An integrated approach towards harnessing the power of data with purpose along the entire data value chain was witnessed by us across all our engagements. Right from origination, aggregation, management, modernization, analytics to insights generation – the business leaders were harnessing data carefully. and mapping it to specific business goals or solving business problems to drive maximum value for their stakeholders. As we move into 2023, there are a couple of more trends that we saw in 2022 while solving business problems for our global clients. First, we saw more businesses harnessing the power of data to drive decision-making. This data-driven approach was driven by artificial intelligence and machine learning technologies that helped to identify patterns and insights in data sets. Secondly, we saw more businesses migrate to the cloud to take an advantage of the scalability and flexibility it offers. As data volumes continue to grow at an exponential rate, the cloud-based services become increasingly essential for businesses that want to be able to store and analyze large data sets. Thirdly, security continued to be a top concern for businesses when it comes to data analytics. As more sensitive data is collected and stored, there will be a greater need for secure storage solutions and robust security protocols
Mr. Sid Banerjee, CEO of SG Analytics-Global Insights and Analytics Company
"Post pandemic, we are seeing enterprises focus on accelerating digital transformation as a key priority. And to achieve this goal, they have been leveraging edge technologies including blockchain, AI/ML, AR/VR and Digital Twin. Businesses are experiencing the outcomes of adopting new technologies through improved efficiency, customer experience and innovation. Smarter investments by tapping into the potential of these emerging technologies will create new opportunities for companies to grow and thrive in 2023."
Mr. Raman Kovelamudi, Co-Founder, InfoVision.
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