Retech Startup Awards 2016 Winners

Ultracash Technologies Private Limited – RANK 1

Ultracash is a payment app that allows paying merchants, recharge for phone and DTH, pay for utilities from your bank accounts, credit card directly with a single tap. It uses a secure, fast and reliable proximity data transfer technology at the merchants point of sale over the IMPS payment platform using Mobile Phones. It works with merchants on a commission model.


Senseforth – RANK 2
Senseforth helps create one-to-one conversations between people and enterprises through Artificial Intelligence. It claims to radically reduce support costs while creating an engaging experience for millennials. The bots by Senseforth can address queries, resolve issues, perform tasks and even help customers shop. The startup offers several intelligent action bots ranging from chat bots, email bots, sales bots, marketing bots, offer bots, to pricing bots and analytics bots. Businesses deploy its bots to transform their external customer touch points and internal operational intersections.


ftcash (Nomisma Mobile Solutions Pvt Ltd) – RANK 3
ftcash is a fast growing financial technology venture which aims to empower micro-merchants and entrepreneurs with the power of cashless payments and loans only using a bank account and feature phone. ftcash aggregates all payment methods including credit/debit cards, net banking and mobile wallets to create an open platform for merchants to start accepting electronic payments in less than 5 minutes. In addition, the startup creates unique and proprietary transactional data which can be leveraged to provide institutional finance (loans) to these merchants.


ShopR360 – RANK 4
ShopR360TM is an advanced business-based retail video analytics solution that leverages the existing CCTV infrastructure of a store to give actionable insights into “in-store” customer behaviour and conversions in the store. The solution is designed to cater to varied business intelligence requirements of both large and small retailers. It’s a Software-as-a-service (SaaS) cloud based solution for which retailers are charged per month per store. The charges varies depending on the size of the store, scope of services being covered and the duration of engagement.


Uniform Republic – RANK 5
An online uniform and coded apparel management services platform, aggregates and manages a network of ‘School/Corporate approved’ Uniform Manufacturers/Sellers on its platform and enables respective parents and employees of an organisation to buy their uniforms online. It provides business opportunities to uniform manufacturers and sellers by providing them a sophisticated trading platform to service their existing clientele and acquire new business prospects through the marketplace.


Shortlisted entries for the final round of Retech Startup Awards 2016 are:

  • Coitor IT Tech Private Limited
  • Discover Dollar Technologies Pvt Ltd
  • ePaisa
  • ftcash (Nomisma Mobile Solutions Pvt Ltd)
  • Infinite Analytics
  • InGage Technologies Pvt Ltd
  • Mobmerry from Interaction One
  • Sellerworx
  • Senseforth
  • ShopR360
  • Utlracash Technologies Private Limited


  • Anupa Rout, Head of Business (P&C), Capgemini Local Business Services India & Middle East
  • Avijit Mitra, CEO, Infiniti Retail Ltd, Croma
  • CP Toshniwal, ED, Future Fashions Ltd & CFO Future Retail Ltd.
  • K Radhakrishnan, Co-Founder, Grocermax
  • Maheshwaran Calavai, Director – Analytics, R&D and Accelerator Program, Target Corporation
  • Mohit Dhanjal, Director – Retail, Raymond Ltd
  • Rahul Chadha, CEO, Fortis Healthworld
  • Rajiv Nair, Chief Executive Officer, Celio Future Fashion Limited
  • Rajneesh Mahajan, Executive Director, Inorbit Malls India Pvt. Ltd.
  • Samik Roy, Director and Country Head Microsoft Dynamics (Applications) Business, Microsoft


  • Abel Correa, CIO, Arvind Ltd
  • Ajay Aggarwal, MD, Ship2myid
  • Anil Shankar, VP Solutions & Technology, ShopperStop
  • Manoj Jain, Vice President Marketing, Loyalty & Analytics,Visual Merchandising & SOH, Hypercity Retail India Ltd
  • Puneet Varma, Associate Vice President – Head Marketing & Corporate Communications, Inorbit Malls (I) Pvt Ltd
  • Ranjit Satyanath, Technology Head, Croma, Infiniti Retail

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