Top Innovative Goa Startups to Watch in 2024

When people think of Goa, they often imagine beautiful beaches, exciting nightlife, and a rich culture. However, behind this calm exterior, there is a rapid transformation happening. Goa is becoming a hub for startups and innovation, attracting entrepreneurs who want to build their businesses in this peaceful setting.

The local government is playing a key role in encouraging this entrepreneurial spirit. They are working towards making Goa a top destination for startups by launching various initiatives to support new businesses.

One major project involves digitizing 100 villages to create a tech-savvy community that is perfect for startup growth. This not only provides the necessary infrastructure but also brings technological advancements to rural areas, opening up new opportunities for startups.

Goa startup ecosystem is thriving with over 450 startups registered with DPIIT (Department for Promotion of Industry and Internal Trade) and six active incubators providing essential resources like mentorship, funding, and business development services.

This supportive network helps startups in their early growth stages. A variety of innovative startups in different industries, from aviation to artificial intelligence, are emerging in Goa, showcasing the diversity and potential of the entrepreneurial scene.

In this article, we will explore the top 10 startups that are creating a buzz in Goa. These companies demonstrate the creativity and drive of their founders, as well as the encouraging environment that Goa provides for startups.

Innovative Goa Startups

1. Fly 91

In a world where connectivity is essential, Fly 91 stands out as a game-changer in the aviation industry, especially for tier 2 and tier 3 cities in India.

Founded by passionate aviation enthusiasts (Manoj Chacko), Fly 91’s mission is to bridge the gap between smaller cities and the rest of the country, making air travel more accessible and affordable for millions.

Fly 91 was created by experts in aviation who understood the industry well. They saw that many parts of India didn’t have good flight connections. Big cities had lots of flights, but smaller cities didn’t. This is why Fly 91 started, to change how people in smaller cities travel by air.

What sets Fly 91 apart is its unique value proposition.

Unlike many other airlines that focus on major metropolitan routes, Fly 91 is dedicated to serving tier 2 and tier 3 cities. This focus not only opens up new travel opportunities for residents of these cities but also boosts local economies by facilitating easier business and tourism travel.

Fly 91’s fleet is designed to operate efficiently on shorter runways and less congested routes, ensuring that even the remotest areas can be reached comfortably.

Fly 91 is rapidly growing startup in the aviation industry, with more planes and new destinations. Passengers love the convenience, on-time flights, and affordable prices offered by the airline.

Looking to the future, Fly 91 has ambitious plans to further enhance its services and expand its reach. The airline is exploring the introduction of more routes and increasing the frequency of flights to ensure that more people can benefit from its services.

By the end of the 5-year period, FLY91 will serve 50 cities with 6 bases and approximately 39 aircraft spread throughout the country. Flights typically last between 60 to 90 minutes.

Additionally, Fly 91 is investing in the latest aviation technologies to improve operational efficiency and passenger experience.

2. BeLive

In the rapidly evolving world of electric vehicles (EVs), BeLive has emerged as a standout player with a fascinating journey and a forward-thinking vision. Founded by a team of environmentally conscious entrepreneurs, BeLive began its journey in Goa with the mission to promote sustainable tourism through electric vehicles.

The founders, driven by a passion for clean energy and a commitment to reducing the carbon footprint of travel, initially focused on offering electric vehicle tours for tourists to explore Goa in an eco-friendly way.

However, as the EV market expanded and the demand for electric vehicles grew, BeLive recognized an opportunity to evolve and meet a broader need.

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Transitioning from a niche EV tourism company, BeLive expanded into a multibrand EV platform. This strategic pivot allowed them to cater to a wider audience by offering a diverse range of electric vehicles, including scooters, bikes, and cars, from various manufacturers.

BeLive’s achievements in this space have been remarkable. The startup has successfully built partnerships with several leading EV manufacturers, providing customers with a wide selection of high-quality electric vehicles. Their platform is user-friendly, making it easy for consumers to browse, compare, and purchase EVs.

The growth trajectory of BeLive has been impressive. From its humble beginnings in EV tourism, the company has expanded its operations and significantly increased its market share. Their focus on customer satisfaction and commitment to sustainability has driven this growth.

3. NAO Spirits

NAO Spirits stands out in the craft beverage industry for its dedication to quality and innovation. A team of passionate entrepreneurs founded the company to elevate India’s alcohol industry with premium craft gin, inspired by global trends and a desire to offer something distinctive to discerning consumers.

The journey of this startup started with thorough research and experimentation. The founders carefully selected the best botanicals and used traditional methods to distill them, creating unique flavors that represent India’s diverse culture.

The result was a craft gin known for its exceptional taste, authenticity, and attention to detail.

Introducing craft gin to the Indian market was a bold move, but it quickly paid off. NAO Spirits launched their signature gin to much acclaim, capturing the interest of both seasoned connoisseurs and curious newcomers.

Their craft gin, known for its complex yet balanced profile, has become a favorite among consumers seeking high-quality, locally produced spirits.

NAO Spirits has been expanding its market presence steadily since it started. Their products can now be found in major cities all over India, and they have built a strong following. In FY24, this startup has a net revenue of almost 40 crore rupees.

The company has also been showcased in various prestigious events and competitions, solidifying its position as a key player in the craft spirits industry.

In the future, NAO Spirits has big plans for growth. They want to add more products to their lineup and expand their reach. The company is planning to introduce new types of craft spirits while maintaining their high standards of quality.

Moreover, NAO Spirits is looking into opportunities to enter international markets, bringing their exceptional craft gin to a global audience.

4. Numadic

Numadic is a leading player in Goa’s smart mobility solutions. The company was founded by a group of forward-thinking entrepreneurs with a vision to revolutionize vehicle and fuel system interactions.

Their expertise in technology and logistics has led to the development of innovative solutions that simplify automotive services.

Numadic has expanded to 52+ cities, 2 million+ user base, and is processing $500M annually. They have raised almost $3.5M from their investors.

One of Numadic’s key achievements is the creation of an automated fuel payment system using FastTag technology, which allows drivers to pay for fuel without leaving their vehicles.

This startup not only improves convenience for drivers but also enhances operational efficiency for fuel stations. By integrating FastTag, Numadic has transformed the traditional fuel payment process, making it faster, safer, and more efficient.

Numadic is continuously innovating. They have now ventured into EV charging solutions to support sustainable transportation. Their smart EV charging systems are user-friendly and seamlessly integrate with current infrastructure.

This move highlights Numadic’s dedication to staying at the forefront of automotive technology advancements. Numadic has made significant breakthroughs in the smart mobility solutions sector since its inception.

Their automated fuel payment system is gaining popularity in India, and their entry into EV charging will solidify their position as a major industry player.

5. Cognic

In the Goa startup ecosystem, Cognic stands out as a pioneer in Emotion AI technology.

Cognic set out to create technology that can understand and respond to human emotions. The founders, combining their expertise in AI and psychology, aimed to bridge the gap between human interactions and machine intelligence.

For instance, in customer service, Emotion AI can help companies provide more empathetic and effective responses, enhancing customer satisfaction.

In healthcare, it can be used to monitor patients’ emotional well-being, providing insights that can improve mental health treatments.

They are working with big companies like ICICI Lombard, wanting to use Emotion AI in customer service like detecting Fraud Insurance Claim, healthcare providers wanting to understand patients better, and schools wanting to improve learning.

These partnerships show the market potential of Cognic’s solutions.

As the need for more personalized and emotionally intelligent technology increases, Cognic is in a good position to lead. The startup is gaining attention not only for its advanced technology but also for its ability to change how businesses and services connect with people.

The potential for Emotion AI in the market is huge, and Cognic is ready to take a big share.

6. Powerland

Founded by a group of engineers and outdoor enthusiasts, Powerland was established with the mission to revolutionize off-road transportation through sustainable means.

The founders, driven by a passion for adventure and a commitment to the environment, set out to create high-performance electric all-terrain vehicles (ATVs) that offer both excitement and eco-friendliness.

Powerland’s journey began with extensive research and development to design electric ATVs that can tackle the toughest terrains while minimizing environmental impact.

Their electric ATVs are engineered to deliver exceptional power and durability, making them ideal for a variety of applications, from recreational use to professional off-road tasks.

The vehicle has various extraordinary equipment that makes it unique. Such as it has 11.25 KW lithium-ion battery that offers 80-100 km range in single charge. And it takes almost 6 hours to fully charge. It costs only 9.5 lakh rupees.

This startup has made this vehicle by parts that are mainly sourced from India and it raised almost $1.2M from their investors and they want to achieve 100% localization. In FY 2024 they have made 13cr – 14cr rupees in revenue.

They are also exploring international markets, seeking to bring their electric ATVs to a global audience. Furthermore, Powerland is investing in research and development to enhance their technology, ensuring they remain at the forefront of the electric vehicle industry.

7. Coffeeza

Coffeeza was born out of a desire to bring premium, cafe-quality coffee into the homes and offices of consumers.

The founder, Rahul Aggarwal inspired by the convenience and quality of coffee capsules they experienced abroad, decided to introduce this concept to the Indian market, revolutionizing the way people enjoy their coffee.

Coffeeza has disrupted the coffee capsule market in India with its high-quality, easy-to-use coffee capsules and machines.

Unlike traditional coffee-making methods that can be time-consuming and inconsistent, Coffeeza offers a quick and reliable way to brew a perfect cup of coffee every time.

This innovation has brought the luxury of gourmet coffee to the fingertips of Indian consumers, making it possible to enjoy a barista-style experience at home or work.

Expanding beyond the Indian market, Coffeeza is now setting its sights on international markets. Recognizing the global demand for high-quality coffee solutions, the company is exploring opportunities to introduce its products to coffee lovers around the world.

8. Kabira Mobility

Founded by a group of engineers (Jaibir Siwach, Akash Siwach and Sagar Siwach) Kabira Mobility was established with the vision to revolutionize urban transportation through electric motorcycles.

Kabira Mobility made a significant impact with the launch of its electric motorcycles. These cutting-edge vehicles are designed to offer high performance, long range, and fast charging capabilities, making them ideal for modern commuters.

This startup launched models such as the KM 3000 and KM 4000 marked a pivotal moment for the company, showcasing their ability to blend advanced technology with sleek design. The price are 1.26 Lakh and 1.36 Lakh respectively.

They have received more than 4000 orders after they opened their pre-booking. They have raised $50M as investment a nd nd build KM3000 and KM4000 models that has top speed of 120KM/hr.

In 2023 they has launced KM5000 model, and has a top speed of 188km/hr and founders claimed that it is the fastest electric motor cycle in the world.

This Goa startup is working on expanding its product line with new models that cater to different segments of the market, including urban commuters and adventure enthusiasts.