Startups have become the backbone of Indian economy and there is no doubt that Startups are making groundbreaking presence in the market with their innovative and technological boom. It takes almost everything to raise the fund, build a company around the idea and compete in the market, literally everything!
Let’s see which Indian Startups are making big in the market and giving us the inspirations to come up with something different:
(Note: The ranking is based on the Annual growth report, 2015)
The fastest growing company in India is a joint venture of two childhood friends, Kunal Bahl and Rohit Bansal who initially had come up with an offline couponing business, MoneySaver. They wanted to take their business to the next level. Initially started an offline business, Snapdeal came to live on internet in 2010. But the business is same, deals.The success of Alibaba.com inspired the duo and they decided to shut down the deal business to open an online market place.
Initially, Snapdeal received a funding of $12 million from Nexus Venture Partners and Indo-US partner in January, 2011 and from there, it has no turning back. It received the biggest funding of $500 million in fresh capital from Alibaba Group in August, 2015.
- OLA Cabs:
The frustration comes up with the innovation, OLA Cabs is the true example of this. Bhavish Aggarwal, a computer science engineer, passed out from IIT Delhi, was working with Microsoft Research, Bangalore, had a bad experience with rented cab services. He used to travel from Bangalore to Bandipur for his work purpose, but the driver stopped the car in the middle of journey and demanded for extra money. He refused to pay extra and the driver abandoned him. This is when he realized the need of trust worthy cab service. Earlier, Bhavish was working on his travel startup which he had changed into the OLA Cabs. He said, it was the recruitment process, which took most of the time as he was focused to recruit the best talent, likeminded people. OLA Cabs is now second highest growing company in India. Thanks to Bhavish for running this or should I say for driving this.
In 2007, when Indian e-commerce industry was taking its beginner step, FlipKart came into existence. Started with selling the books, it has expanded exponentially.
Binny Bansal and Sachin Bansal who were working with Amazon.com had come up with an idea to start an e-commerce company in India. They both left their jobs and started working on their own e-commerce website. Flipkart is registered in Singapore but has it’s headquarter in Bangalore. Flipkart was the first company in India to start the Cash on Delivery payment method. It is the only startup in India to receive the billion dollars funding from the investors.
Flipkart acquired Myntra.com, letsbuy.in and many other ventures to rule the e-commerce market place.
Pay through Mobile, ‘Paytm’is making it hot in the market. It was founded in 2010 by One97 communication. The founder of Paytm is ‘Vijay Shankar Sharma’, Delhi College of Engineering passed out who struggled hard to live his dream and gave people a safe and secure payment ecosystem. Paytm has it’s headquarter in Noida.
Truly said, ‘Mumbai’ is the city of dreams. In today’s time it has changed into the Silicon Valley with the new startup coming up on daily basis. 2008 was the year, when Quikr was started in Mumbai. It serves as a local community selling and buying good. The products in Quikr are divided into 12 categories that offer more than 140 sub categories. It has changed the way of selling, buying and reusing the products.