12 Best Virtual Reality business opportunities in India

Virtual Reality is hands down one of the most intriguing and futuristic technologies of today. There has never been so much at stake on a technology in the market and on its future prospects. One of the things that differentiate Virtual Reality is that it brings consumers’ interests and advanced technology together and that is something not all technologies are capable of. The other thing is that Virtual Reality manages to grab the global attention and cater to almost all the industries in the present and yet promises to evolve a great deal with a plan for the future.

Business opportunities in India are a lot like gambling where you either hit the jackpot or hit the ground. The former is absolutely possible when the necessary hard work is put in, provided the core idea of the business is creative and attention grabbing. Venturing into a business with Virtual Reality as the core idea is as good as a loaded gun, and it only needs to be pointed at the right direction to complete the rest of the task. Business opportunities with Virtual Reality are a blessing in disguise as you get to promote a futuristic and interesting technology while making a fortune on the sidelines.

The Indian Business Market  

The Indian market is huge and has always had place for multiple competitors of any domain. This is possible only in India as the consumer base is enormous and the diversity sure helps. Technology has been something that the Indians have been after for the last decade and they have mastered it and how. They have not only become the biggest consumers of technology but have also empowered themselves by mastering the craft of developing them.

We take this moment to bring to light, few start ups that have made their presence felt in the business world with Virtual Reality as the core idea and have developed programs in different field and different sectors of life to make it efficient, interactive and empowering.

Cricket Fevr

Cricket Fevr is a Chennai based Virtual Reality Company and is a flagship product of Kaleidozone. It is hands down one of the best Virtual Reality business opportunities in India as it brings together Virtual Reality and the country’s obsession, cricket. People have always enjoyed the game and what makes it even more interesting and loved is putting them in the middle of a live stadium with an audience, which Virtual Reality can do. This business idea has been a hotspot for fun lovers in the city and is played by people of all ages.

The business is what it is today because of the developers’ shared love for Virtual Reality and Cricket. The developers keep improvising on the software as they feel it is the best way to keep the customer happy with the game. It is a win-win situation to both cricket and Virtual Reality. People are encouraged to play the sport by giving them a taste of what it is, and Virtual Reality is being promoted through a very powerful and influential game.

The player wears a Virtual Reality headset which enables him to see and hear things as if he is in that moment; the audience cheering, the game play and every minute detail is rendered so perfectly that the player will not want to stop playing. The team is always looking for ways to make the experience better by doing constant research into Virtual Reality and puts out only the best for the customers to experience. This is one of the best Virtual Reality business opportunities in India.

SmartVizX

SmartVizX is a top of the table start-up that is highly popular and funded the most compared to its counterparts. This start-up builds a variety of Virtual Reality solutions which are both interactive and attention grabbing across many platforms like mobile phones, tablets, laptops and others. It has had the honour of being awarded the ‘Start-up of The Week’ award by NASSCOM under the 10000 start-ups initiative among others.

This start-up has been the recipient of huge funding by Indian Angel Network and Stanford Angels and Entrepreneurs of $5,30,000. This is one of the best Virtual Reality business opportunities in India. The company is based in New Delhi, Mumbai, Dubai and Bangalore and is going the distance to step into the United States as well.

This start-up focuses on catering to the needs and requirements of the Architecture, Engineering and Construction industry. ARCH-VIZ is one of the many popular products that assist consumers to take a look at the property that they are investing in and get a clear idea as to how their property would look like at the stage of completion.

GreyKernel      

GreyKernel is a Virtual Reality start-up that was founded in 2015 and has made its way to the list of top Virtual Reality companies in India. This company, unlike many others has ambitions not only for them but also the society by means of Virtual Reality. It plans on bringing Virtual Reality to every common citizen and especially into sectors of education and make the entire learning process more comprehensive and efficient. This start-up has a team of 11-50 employees who are in Virtual Reality and Visualisation.

This start-up builds state-of-the-art Virtual Reality programs and gadgets which are mostly gaming content for the consumers, thus making business an even more easier and entertaining workspace. This way, they plan on bringing efficiency into the world of business and start-ups. This is one of the best Virtual Reality business opportunities in India.

GreyKernel has a unique catalogue of Virtual Reality games available of Android Play Store which can be experienced with IRA VR. The people at GreyKernel are experts at Virtual Reality and Augmented Reality ecosystem both on mobile and web platforms. GreyKernel, as a start-up has its primary focus on retail, marketing, real estate, agency and entertainment, and most importantly education on Android and iOS platforms.

Meraki

Meraki is among the best Virtual Reality business opportunities in India and is also a big player of the content production game for customer consumption. Founded by Agam Garg, Parth Choski, Arvind Ghorwal and Sairam Sagiraju, this start-up creates 360 degree videos and films for clients from various sectors like tourism, sports brands, adventure, weddings, events, promotions, real estate, fiction and advertisements.

The founding team of this start-up had a core team of graduates from IIT-Bombay and a filmmaker, sending out a crystal clear message that Virtual Reality is not just a piece of technology but also a matter of art which makes it more interactive and user friendly. This start-up, since its inception, has performed extremely well and has produced very impressive results in a very short span of time. Big business giants like Percept Pictures, Channel V, Star Sports and Network 18 have hired Meraki for their projects.

Asia Cup was this start-up’s biggest project in which they had to do the live coverage of the ongoing match in Virtual Reality, and they successfully pulled it off by capturing the live ambience and electric atmosphere in the stadium so that when a user sees it, the person feels like they are watching the match live from the spectator stand. This is one of the best Virtual Reality business opportunities in India.

Gazematic

This start-up has built a first of its kind Virtual Reality enabled voice call feature which allows the user to make a call to somebody while he is on a virtual land. The start-up named the app ‘The Caller’, which is equipped to stream 4K videos. Gazematic has plans to venture into the real estate business or lodging or housing services to help users watch their property listings through a VR headset and get a wonderful image of the property they are looking into.

Gazematic is planning to create a platform for social networking for the consumers to build their own virtual reality video for other users to stream it. This gigantic step will not just change the way advertisements have been done till now but also help promote tourism or any other industry. This app is undergoing tests before release and the start-up has got high aspirations for this app. This is one of the best Virtual Reality business opportunities in India.

Merxius

Merxius is founded in 2011 by a couple of college friends Vaishali Neotia and Hasan Ali Khan. This start-up is an expert in both Augmented Reality and also Virtual Reality and is based in Hyderabad. RealSim Editor is a flagship product of Merxius, which is referred to as the Photoshop of Virtual Reality by the founders. This editor helps a developer in making a design, converting it into a 3D model and importing it into any Virtual Reality atmosphere he/she wishes to.

The RED tool is under test phase by the Indian Armed Forces to build an atmosphere for training modules and engine maintenance. This start-up is yet to raise funds and was listed in the Top 10 deep tech companies by IBM SmartCamp. Among other accolades, Merxius has also been selected for a Tata Elxsi incubation programme. This is one of the best Virtual Reality business opportunities in India.

SpectraVR

 SpectraVR studio is a Mumbai based start-up which was founded in 2015 and is primarily focused on creating content online. It is funded and sponsored by Rothenberg Ventures, which is a San Francisco based investment firm. The start-up is looking at taking story-telling to the next level and exerts the right amount of technological prowess and creativity. The strength of this start-up is the team of creative heads, designers and technological experts.

SpectraVR is a master in the craft of story-telling and has delivered a variety of services like virtual reality experiences, live experience, animated 3D videos, games and creative media. SpectraVR has dealt with many top brands from different industries with conceptualised videos and has managed to create over 30 VR videos for Mercedes Benz, Kingfisher and Red Chillies Entertainment. This is one of the best Virtual Reality business opportunities in India.

Tesseract Inc.

Tesseract Inc. is a hardware company in India and has designed and built the world’s first 360 degree Virtual Reality camera. The company has got aspirations for every common man to preserve their memories in a 360 degree Virtual Reality camera for them to relive it whenever they want in the future. This idea of making Virtual Reality available to every common man is what makes this start-up a real deal and is surely one of the best Virtual Reality business opportunities in India.

Tesseract Inc. plans on revolutionizing the way content is viewed, used and stored by the hardware it designs and manufactures in India. Tesseract Inc. has developed technologies such as Methane 360 VR and a few more that are used by companies like Tistus, Grabhouse, Solund House and MakeMyTrip. The world’s smallest 360 degree VR camera, ViCam, which is a consumer grade VR camera, is designed by this start-up.       

Look Mobility

Look Mobility is a Bangalore based start-up, founded in 2015 by Ashwin Krishnan. It is essential to note that it is a powerful development platform for creating multi-platform 3D Virtual Reality experiences which are interactive and are available on Android Play Store and Google Cardboard. This platform is an absolutely complete ecosystem for any person aiming to build a business on content creation of high-end specifications and staying connected to the most loyal customers and players. This start-up has created the world’s first flat foldable Virtual Reality headsets called fotoVR, which acts as a solution to the content consumption part of the platform.

Look Mobility is a well performing start-up and looks very promising for the future because of the solution finding capabilities and offerings which is very unique in the Indian technology market as many Virtual Reality companies don’t really work on development platforms. This is one of the best Virtual Reality business opportunities in India.

Imaginate

Imaginate was founded in November 2011 by Hemanth Satyanarayana. He is an alumnus of IIT-Madras and Indian School of Business. Imaginate is both a Virtual Reality and an Augmented Reality start-up. NuSpace, The flagship product of Imaginate can be used to enhance the outreach and efficiency of industrial training and collaborative design. The technology can be customised into detailed Virtual Reality and Augmented Reality solutions and can be implemented in fields such as retail, education, defence, entertainment sector, and healthcare.

This south Indian start-up is supported and funded by venture fund SRI Capital which invested Rs. 3.35 crores as capital fund in the start-up recently. This is one of the best Virtual Reality business opportunities in India.

Xenium

Xenium envisions that Virtual Reality will enhance and empower the prospects of a business and give it a major boost with its latest technological advancements, creative platforms and potential developers. This start-up has been developing Virtual Reality solutions for the last 2 years. This company deserves the credit for venturing into the Virtual Reality business even before wireless headgears like the Oculus Rift and the Samsung VR Gear were available in the market.

This company is the 1^st Indian and 4^th in the world, to successfully carry out a live stream using VR. Xenium aims at empowering the education sector and the enterprise sector with advanced innovation and enhanced communications. This is one of the best VR companies in India.

Trimensions

 Trimensions is a digital services and UX design agency based in Delhi and has won awards for its excellence in the field of Virtual Reality. Virtual Reality and Augmented Reality are both the areas of expertise for this start-up. Trimensions works on Virtual Reality in fields like education, enterprise and entertainment. This start-up creates 360 degree videos as part of content creation for training and development activities of industrial clients. Trimensions has so far built Virtual Reality solutions for training modules and Augmented Reality for machine maintenance.

User feedback and improvements based on experience is primary to this start-up as they aim on bringing interactive technology to the hands of every common man. This start-up looks at revolutionizing the way common people look at the world and how they want to conceive it and offer a variety of services like graphic and web design. This is one of the best Virtual Reality business opportunities in India.