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20 Inspiring Entrepreneurs Under 40 | Stories, Struggles, and Success
- July 19, 2020
- Posted by: admin
- Category: Inspiration
Age is just a number, innovators and entrepreneurs have been proving it since forever. There is no “right time” to pursue your passion and become an entrepreneur. However, there are times when it gets difficult to find the motivation to simply start. Having said that, what better way to learn and get inspired by someone who has already been where you are now. Therefore, here are inspiring entrepreneurs under 40 to encourage you:
1. Shashank ND- Practo
At the age of 20 years old, in 2008, Shashank got face-to-face with hardships in the healthcare industry during his father’s hospitalization due to a surgery requirement. However, he touched on the opportunity and started his company, Practo, that has initiated the evolution of the healthcare system. With the pandemic’s after effects, Practo indeed has a promising future worldwide.
2. Ian Crosby- Bench
Addressing the need for better bookkeeping solutions, Ian came up with a company that has now raised $53 million, Bench. With a growing number of entrepreneurs, there’s been an immense growth in need of easy, time-saving, and a digitalized bookkeeping company like Bench. Holding a rank of 4th fastest company in Canada, Bench seems to be unstoppable and stronger.
3. Rashmi Daga- FreshMenu
In the year 2014, this app-based food-tech company resulted in a breakthrough for Rashmi after juggling among several industries.
With around 12,000 orders a day, FreshMenu serves a wide customer-base in 40 kitchens in Mumbai and Bangalore. The company has surely seen its struggles with losing Rs. 44 crore to earn Rs. 123 crore, but it stays afloat while Rashmi assures high growth in upcoming years.
4. Divyank Turakhia- Media.net
He is an Indian computer programmer, serial entrepreneur, investor, and a billionaire all at the age of 38 years. One of his biggest accomplishments as an entrepreneur is his company Media.net. It is one of the leading global advertising technology companies and is powered by Yahoo and Bing. At such a young age and with numerous recognitions, Divyank is definitely setting an example for aspiring entrepreneurs.
5. Leo Mavely- Axio Biosolutions
Founded in the year 2008, as the name suggests, the company combines health with technology. Leo’s Bangalore-based company, Axio Solutions, includes many private hospitals as well as the Indian army under its customer-base. Above that, its products are as innovative as the idea, like shrimp bandages and an advanced wound care-product for diabetes patients. He plans to launch the same in the U.S. while keeping India as the focus.
6. Trishneet Arora- TAC Security
This Ludhiana-born says he fell in love with technology at the age of 9 years old. That is when his father brought home a computer and considering his passion and talent in technology, helped funding his company, TAC Security. Started in 2013, with Rs. 75,000, the company is now one of the most talked-about startups in the cybersecurity industry. With the rising digitalization, there is an increasing need for protecting the same.
7. Abhiraj Bhal, Varun Khaitan, and Raghav Chandra- UrbanClap
Indian market does not need any introduction to this Gurgaon-based company. Started in the year 2014, it is now a platform used by around 3 million customers countrywide. UrbanClap connects its customers to professionals of all fields, from makeup artists to yoga instructors, in the comfort of home. With the pandemic making home services a necessity, the founders are not only inspiring entrepreneurs under 40 but also have a bright future in upcoming years.
8. Annalea Krebs- Social Nature
This green influencer marketing company, Social Nature, was followed by Annaela’s previous company called ethicalDeal. Although ethicalDeal helped her with earning more than $1 million, she decided her mission was bigger than that. Thus, she finally stepped into Social Nature where members have access to products like eco-friendly cleaners and vegan mascara. Backed in investment by Shopify, this company has all the reasons and pathways to grow further.
9. Katrina Lake- Stitch Fix
Katrina is not only an American Businesswoman but is also the youngest woman to take a tech company public in 2017. Initially, while starting Stitch Fix, she did not have internet capabilities and had to rely on customers to pay monthly. Also, she was introduced to Eric Colson, Netflix VP, and was rejected for her idea. However, he soon came along. The company, an online personal styling service, is now worth more than $2.8 billion and counting.
10. Sarvesh Shashi- Sarva
Started in 2013, in Chennai, Sarva is a wellness startup focusing on Yoga. The company, now rebranded as Sarva Yoga Studio, has investors like Jennifer Lopez, Malaika Arora, and Alex Rodriguez. Like many teenagers, Sarvesh struggled with anger, to smooth things up he met his Guru who made him realize the importance of Yoga and other techniques to lead a better life. With more than 16,000 studios countrywide, he now eyes at the mission of connecting people to yoga and themselves at a global level.
11. Bhavish Aggarwal- Ola
Just like many other successful entrepreneurs, Bhavesh’s journey to begin his startup began when he faced a problem, a poor rented-car experience on his business trip from Bangalore to Bandipur. Therefore, he foresaw the need and potential in the car booking business and started Ola in 2010 with Ankit Bhati. Fast forward to 2019, the company has been valued at $6.5 billion. With the pandemic taking over, Ola came up with its safety measures to keep the health of drivers and customers in check.
12. Whitney Wolfe Herd- Bumble
Before founding Bumble, Whitney was a co-founder of Tinder, another dating app. However, due to false allegations placed by Tinder’s co-founded and her then-boyfriend, she left the company and started a more feminist and location-based swiping dating app, Bumble.
As per 2017, the app had 34 million registered users. With giving women the lead in making the first move, Whitney is focused on giving women the driving seat in dating.
13. Ankur Jain- B9 Beverages
This one of trending Indian and inspiring entrepreneurs under 40 introduced India to its favorite beer, Bira 91 (where 91 stands for India’s country code). As he didn’t like any of the available brews in India, in 2008, he started importing beer from Europe. However, things were not this hunky-dory for Ankur, he went through a failed health startup in New York before becoming one of the biggest names in the beverage business. Well, we are glad things turned out to direct him into Introducing India to B9 Beverages, which is now growing globally.
14. Byju Raveendran- BYJU’S
The company’s tagline ‘fall in love with learning’ precisely describes not only the firm, BYJU’S but the founder Byju too. This e-learning platform has been changing the traditional education ecosystem into a more affordable and accessible system. He found the spark to start a business while helping his friends to clear IIM’s entrance test, giving the exam and scoring 100 percentile, but not taking it ahead. Except, since then, he has been helping millions of students to learn better.
15. Joseph Nejman- ShareRails
Joseph, a serial entrepreneur, graduated from Harvard and has worked at Google in various business development roles. That certainly paved a path of entrepreneurship for him at a very early age.
One of his successful businesses, Brandcasting Unlimited, helped Britney Spears with technology and digital media strategy for her comeback tour. However, his current business, ShareRails, is focusing on bridging the gap between physical and digital retailers and aspires to give online exchange experience held with social proof.
16. Sujeet Kumar- Udaan
Sujeet, a former Flipkart intrepid, one of inspiring entrepreneurs under 40, shares that he did not know a single thing about entrepreneurship as he belongs from a small town in Bihar, India. However, that did not stop him to co-found, Udaan, a B2B company aiming to solve supply-chain complications. Founded in 2016, the company has raised $30 million so far. Also, the founders explain that their aim is to simply make business easy in India by bringing manufacturers, wholesalers, retailers, and traders under one safe roof.
17. Varun Dua- Acko General Insurance
Being a co-founder of Coverfox Insurance led to bringing technology-friendly insurance practices by Varun. While looking to make the insurance industry better and more transparent, he launched Acko General Insurance in 2016, which is backed by investors like Amazon and SAIF Partners. Above that, the company raised a seed fund of a whopping amount of $30 million. It provides motor insurance, mobile insurance, and in-trip domestic insurance. With the increasing awareness of safety, its customer-base is expected to grow in the near future.
18. Richa Kar- Zivame
Where women in India have been shy about their lingerie needs, Richa built a business out of this problem, while solving it. However, the success story of Zivame hasn’t been all run-on-the-mill. Her parents opposed her business calling it scandalous. Having said that, Richa was dedicated to solving the problem and determined to move ahead. Thus, Zivame became one of India’s largest online lingerie selling brands worth more than Rs. 631 crore. Also, it promotes positive health and body image as it offers lingerie in all sizes and colors.
19. Shradha Sharma- YourStory
Shraddha, one of leading inspiring entrepreneurs under 40, says, “We want to become the number 1 destination for everyone to write, share, and read stories.” That is exactly what it has become. The company covers everything about investors, entrepreneurs, startups, and marketers. More than 22,000 stories have been published on the platform in 12 languages, which led to reaching around 64 million Indian readers. With a growing number of startups and investors like Ratan Tata and Kalaari Capital, Shradha and the readers expect nothing but growth.
20. Archit Gupta- ClearTax
While GST came as trouble to many others, Archit turned the tables around and built a new aspect of his business around it. This led to over 1,00,000 organizations being added for the tax filing service. The company, ClearTax, helps its users to file their tax returns online and the company prepares the tax return automatically and shortly. Some of its clients are McDonald’s and Essilor Group.
These startups and inspiring entrepreneurs under 40 show there’s always a problem waiting to be solved, creativity waiting to be explored, and business needs to be made.