<p>Bengaluru has once again reinforced its position as the technology capital of the country with 19 tech companies from the city being selected in the 12th edition of Deloitte Technology Fast50 India programme announced on Monday.<br /><br /></p>.<p>Stellapps Technologies, a full-stack IoT company that provides smart farm herd management, dairy farm optimisation and monitoring services, including cold chain management, has emerged the second fastest-growing company in the list.<br /><br />While Hyderabad-based GreyCampus Edutech is ranked No 1 with a three-year revenue growth of 1,622%, other three Bengaluru-based companies, including Aspire Technologies (1003%), Think&Learn (470%) and Mobisy Technologies (370%), have figured in the top10 list. <br /><br />The Deloitte Tech Fast50 India Programme, conducted by Deloitte Touche Tohmatsu India LLP, ranks the fastest-growing technology companies in India based on their percentage revenue growth over the last three financial years.<br /><br />Talking to DH, Stellapps Technologies CEO and Co-founder Ranjith Mukundan said they are excited to win the Technology Fast50 award.<br /><br />“We have made disruption using IoT platform in the area of agriculture, as it is made available for the first time in precision agriculture, especially in dairy production.<br /><br /> Stellapps has succeeded in using this IoT platform to increase production, decrease cost, increase traceability and optimisation,” he said.<br /><br />Besides its use in cold chain, perishable goods and vaccine management, the company likes to use the technology in industrial IoT.<br /><br /> “We are expecting a 4X to 5X growth in the coming years and looking at raising $8 million to $12 million Series B Fund,” said Mukundan.<br /><br />Deloitte Touche Tohmatsu India LLP partner, Rajiv Sundar, said that India in the last decade has transformed from being a generic technology services supplier to being a sophisticated driver of global supply and demand for technology.<br /><br />“India today stands on the threshold of the next wave of growth with emphasis on technology and digital transformation to be the key enablers. While all the winners achieve a growth rate of over 100%, the collective average growth rate of Top 50 winners cross 450%,” he told DH.<br /><br />While top 3 companies record an average three-year growth rate of 1,355%, the list has top 5 companies which recorded just over 1,260%.<br /><br /> The top 30 companies recorded a three-year average revenue growth in excess of 200%, which last happened in 2009. <br /><br />The list has 27 repeat winners and 23 new entrants. Also, six repeat winners have been ranked four times or more.<br /><br />Hyderabad-based GreyCampus Edutech is No 1<br />Second-placed Stellapps IoT company provides smart farm herd management and dairy farm optimisation and monitoring services<br />The company plans to raise $8m to $12m<br />Other three Bengaluru-based firms – Aspire Technologies, Think&Learn and Mobisy Technologies – figure in the top10 list<br />The list has 27 repeat winners and 23 new entrants</p>
<p>Bengaluru has once again reinforced its position as the technology capital of the country with 19 tech companies from the city being selected in the 12th edition of Deloitte Technology Fast50 India programme announced on Monday.<br /><br /></p>.<p>Stellapps Technologies, a full-stack IoT company that provides smart farm herd management, dairy farm optimisation and monitoring services, including cold chain management, has emerged the second fastest-growing company in the list.<br /><br />While Hyderabad-based GreyCampus Edutech is ranked No 1 with a three-year revenue growth of 1,622%, other three Bengaluru-based companies, including Aspire Technologies (1003%), Think&Learn (470%) and Mobisy Technologies (370%), have figured in the top10 list. <br /><br />The Deloitte Tech Fast50 India Programme, conducted by Deloitte Touche Tohmatsu India LLP, ranks the fastest-growing technology companies in India based on their percentage revenue growth over the last three financial years.<br /><br />Talking to DH, Stellapps Technologies CEO and Co-founder Ranjith Mukundan said they are excited to win the Technology Fast50 award.<br /><br />“We have made disruption using IoT platform in the area of agriculture, as it is made available for the first time in precision agriculture, especially in dairy production.<br /><br /> Stellapps has succeeded in using this IoT platform to increase production, decrease cost, increase traceability and optimisation,” he said.<br /><br />Besides its use in cold chain, perishable goods and vaccine management, the company likes to use the technology in industrial IoT.<br /><br /> “We are expecting a 4X to 5X growth in the coming years and looking at raising $8 million to $12 million Series B Fund,” said Mukundan.<br /><br />Deloitte Touche Tohmatsu India LLP partner, Rajiv Sundar, said that India in the last decade has transformed from being a generic technology services supplier to being a sophisticated driver of global supply and demand for technology.<br /><br />“India today stands on the threshold of the next wave of growth with emphasis on technology and digital transformation to be the key enablers. While all the winners achieve a growth rate of over 100%, the collective average growth rate of Top 50 winners cross 450%,” he told DH.<br /><br />While top 3 companies record an average three-year growth rate of 1,355%, the list has top 5 companies which recorded just over 1,260%.<br /><br /> The top 30 companies recorded a three-year average revenue growth in excess of 200%, which last happened in 2009. <br /><br />The list has 27 repeat winners and 23 new entrants. Also, six repeat winners have been ranked four times or more.<br /><br />Hyderabad-based GreyCampus Edutech is No 1<br />Second-placed Stellapps IoT company provides smart farm herd management and dairy farm optimisation and monitoring services<br />The company plans to raise $8m to $12m<br />Other three Bengaluru-based firms – Aspire Technologies, Think&Learn and Mobisy Technologies – figure in the top10 list<br />The list has 27 repeat winners and 23 new entrants</p>
