India houses vast of unorganized sectors like used cars, tutoring, loans and others that contribute largely to the Indian economy.
In the last few years, we have seen various startups largely given structured to these unorganized segment creating an entire business ecosystem.
Here are list of startups who have taken smart route in identifying these segments and created successful business which apparently proven to be a huge contribution to the economic as well as social growth of this country:
Truebil : Apart from commercial use, individuals were not very keen on buying used cars. But thanks to Omni channel like Truebil , through their omni channel market place created an uniform platform where from selecting the car to documentation to pricing and insurance are been taken care off . With the rising demand agent's, dealers are also engaged with these platforms to boost their reach to a much larger audience. The segment has been backed by the carmakers that understood the growing affinity towards used cars by consumers owing to their affordability and improved after sales services.
Genext Students: Tutoring be it private or home depended on word of mouth few years back. It was one of the most unstructured segment where students, housewives even retired professionals have embarked earlier. With the infusion of technology and startups like Genext Students these vast number of tutors have come across in the platforms.
This high impact platform closely ties in all the three stakeholders of the education system - students, parents, and tutors in an unprecedented way. It ideally bridges the existing discovery, connection and delivery gap in the K-12 education system. It facilitates the parents to find and connect with best home tutors in their vicinity easily and, in turn, offers enhanced and personalized learning outcomes for the students. This platform enables the tutors to focus on delivering quality education with the help of online and offline content and a suite of technology tools. Plus with the advents of such platforms, the major problem for tutors and students to get connected according to their preferences became much easy creating a revolution in this segment.
Happy Loans: With vast micro Indian economy, small retailers often struggle to finance their business. To fund their establishment, products, expansion, they used to largely dependent on Loan sharks. Last few years thanks to the advent of technology and subsequent platforms who have add this unstructured segment under a collaborate system. Happy Loans is one of those Fintech Players whose vision is to empower those small business players who don't have credit score or history. Happy Loans with the help of machine learning and AI managed to reached out to those small retailers and business man and help them in establishing their business and also helped them build their credit scores.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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