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10 Promising Indian Startup Stories to Inspire You
- July 8, 2020
- Posted by: admin
- Category: Inspiration
India, currently, is home to some of the fastest-growing startups. From supplying clean water to starting a SaaS company, Indian startups are working hard, exploring horizontally, and it is showing fruition. The Indian startups, in the year 2019, created 60,000 direct jobs and around 1.5 lakh indirect jobs. These startups have been breaking gender, age, and status barriers while widening the market for new startups. Here are 10 Indian Startup Stories to Inspire you to break the boundaries, as they did.
Related: 10 steps to start a business
10 Indian Startup Stories
Ritesh Agarwal, the founder of OYO Rooms, faced a problem in finding budget hotels while traveling. Thus, he created a solution. Initially, then 17-year-old Ritesh started with Oravel travels, which later turned out to be India’s one of the most successful startups, OYO Rooms. From being a college dropout to becoming the owner of a company worth $10 billion, Ritesh sure inspired other college students to pursue their dreams and solve the problems, not just for themselves, but for others. Just like he has been doing after he left college without completing his degree from the Indian School of Business and Finance, which ironically, he joined to become an entrepreneur.
The world’s second-youngest self-made billionaire has proven true value lies in dedication, hard-word, and persistence, the success then comes along.
The company, Zivame, founded in 2011, helped to break the taboo about women lingerie. Richa Kar, the founder of the company, worked in SAP Retail Consulting and found herself working for her favorite lingerie brand, Victoria’s Secret. Although the idea of building her own startup came from tracking sales of Victoria’s Secret, she wanted to address the problem of embarrassment women face while buying lingerie.
This $200 million worth company focuses mainly on Indian designs, color, and size, it was about time for more and more startups to address social taboos.
Read more: Zivame success story
The most famous and successful Indian e-commerce company, Flipkart, initially focused on books’ sales. Later, diversified and expanded its product range. Sachin Bansal and Binny Bansal started this company in 2007, with Rs. 4,00,000 of their own money. Moving forward, in May 2014, Flipkart acquired an online fashion retail platform, Myntra, for $20 billion.
The famous Big Billion Day event, generated $100 million, worldwide, in just 10 hours. Also, the company launched a streaming app named Flipkart Video and helped creators with original work, get discovered. The line up was initially curated by Voot and TVF, which brings us to our next story.
TVF (The Viral Fever) is a YouTube channel started in 2010 by TVF Media Labs. Covering various topics for its original and creative content: politics, social issues, and lifestyle made it one of the leading YouTube channels in India.
Arunabh Kumar, the founder of TVF, believes in connecting the dots. As he quit his job for the US Air Force, he landed on assisting Farah Khan for Om Shanti Om, and eventually, started making short films. That led to TVF being an originator of India’s very first web series, Permanent Roommates.
Jaydeep Barman and Kallol Banerjee, founders of Faasos, had stable and well-paying jobs after completion of an MBA. However, something didn’t fit well for them, they simply had their interest in creating one of the leading and unique online food ordering joints in India. The company, under parent company Rebel Foods, was started in 2004, in Pune, under the name Calcutta Roll. It took 7 years of patience and hard work by Jaydeep and Kallol to push the company into becoming Faasos. They certainly inspire us not to quit our work.
Also read, Signs you need to start your own business
To so many stores and companies I’ve engaged with, FirstCry provides the best user experience. Both online and offline. Founder, Supam Maheshwari, had always wanted to do something of his own. Thus, with years of efforts, time, expertise, failures, and hard work, he is now the owner of a company worth $800 million. He realized there were very few choices for baby products and seized the opportunity.
Therefore, Asia’s one of the most extensive online shopping companies, FirstCry, focuses on having not just numerous products but various and diverse products and has a collection of more than 20,000 products for the same.
Vijay’s story is one of the most well-known and filled-with-hurdles Indian startup stories. With the investment of $2 million, Vijay Shekhar Sharma started Paytm as one of the early online recharge providers in India. His only motto was and is to not give up. Even when hard times tested him and all he had was Rs. 10 in his pocket, he believed he would achieve success, which he surely did. Vijay finished his higher secondary when he was 14-years-old, thus, college is where his struggles started. However, now, along with the parent company One97, he owns Paytm that is worth $10 billion.
When asked for advice to aspiring entrepreneurs, he said and cheered “To the winners, who won because they didn’t give up.”
This e-learning company was founded by Gaurav Munjal along with 2 co-founders: Hemesh Singh and Roman Saini. With a community of more than 3 million subscribers, this company has been taking Indian education outside the traditional and compact classrooms. The company focuses extremely on which concepts need to be relearned. One of the reasons the company has succeeded is because of original content, original and low-cost content.
9. Policy Bazaar
This financial technology company started out as an insurance comparison website with the aim to provide insurance details to the customers so they could buy the best policy.
While the economy was hit in the face and businesses were suffering heavy losses, founders of Policy Bazaar: Alok Bansal, Avaneesh Nirjar, Manoj Sharma, Tarun Mathur, and Yashish Dahiya launched their business. The aim of the company now was to make the whole concept of insurance safe and understandable, which they did.
10. Just Dial
We all know the tagline “JD app se pucho.” Unlike the tagline, the story behind this startup is not short and simple. Founder V.S Mani started a company named AskMe, which would have worked if he wouldn’t have run out of money. According to him, he had so many fancy dinner meetings and paid employees heavily. Also, because he was only earning members in the family, he had to move to something profitable.
Read more: How to turnaround a loss-making startup
However, this failure led to the success of Just Dial. With a market value of more than $250 million and a database comprising more than 25 million listings, Just Dial has made our lives and information easier.
Let us know in the comments which other Indian startup stories have inspired you, or perhaps, your story inspired others.