India’s Top 10 Startups
What are Startups? In a literal sense, Startups are companies, ventures, or services, introduced into the market founded by a group of people or a single person. It is a form of entrepreneurship. Some startups grow into successful businesses, while others fail to succeed.
There are different stages to go through while building a Startup. The Government of India and the \’Department for Promotion of Industry and Internal Trade\’ have provided a Startup Guidebook as a part of the \’#StartupIndia\” Project. This enables young entrepreneurs to start their startups and develop them efficiently. The guide includes all the details that need to be followed while setting up an innovative startup, such as Investor Engagement, Startup Ecosystem, Company Registration, Business in India, Innovation, and Business and Legal Considerations for a Startup.
Though Startups have been there for many years, this term became more commonly used in the 21st century. Ideas, partnerships, Mentoring, Capital, Investors, and funding play a huge role in building a startup. So, it is considered one of the toughest projects with high-risk factors. Startups are launched by graduates and postgraduates who wish to make a career out of it and also those who want to set up their businesses.
India has produced some of the best Startups and great companies that tasted success and gained huge profits over the decade. Though there were numerous startup companies and budding businesses, some notable startups went on to be ranked as the highest-grossing ventures and became unicorn startups during these ten years. But the fact that students from IITs and NITs build these companies or startups can be considered the icing on the cake!
Here are the Top 10 Startups of the Decade by IITians and NITians who defined the saying, \”Rags to Riches\”.
This e-commerce website was started in the year 2015 by a group of IIT Delhi graduates, Vidit Aatrey, Bhaunik Gondaliya, and Sanjeev Barnwal.
The web-based commercial center interfaces little and miniature entrepreneurs with clients using web-based media destinations like WhatsApp, Facebook, and Instagram. In recent years, it accomplished striking development. This year, it turned out to be the only fifth Indian startup in history to join the selective Unicorn club. They named their business Meesho, which is short for \’My Shop.\’
Generally, it permits organizations to draw in clients, foster a brand personality and sell items web-based utilizing the force of web-based media, including Facebook, Whatsapp, and Instagram. The website and the application have garnered much attention for their idea of empowering women into starting their businesses and by providing opportunities to homemakers. Since its dispatch, it has developed sensationally and presently positions as India\’s most well-known internet-based commercial center for affiliates.
Unacademy is an Edtech organization set up in 2015. The organization had its beginnings as a Youtube channel made by Gaurav Munjal. Later on, in 2015, it was developed into an educational company with the help of Hemesh Singh and MNNIT (Motilal Nehru Institute of Technology in engineering), Allahabad graduate, and Roman Saini. After that, it was enrolled in Bengaluru as an instruction institute.
The organization entered the Unicorn club in September 2020 after it raised $150 million from Softbank and other existing financial backers. Unacademy is a web-based stage that makes both learning and instructing simple with its instructive recordings and talks. At first, it was established in 2010 with recordings in real-time on YouTube; however, it formally got dispatched in 2015. The idea of gaining from the solace of home at a lot lesser charges makes these applications an extremely alluring suggestion for the understudies.
Radhakrishna and Raghunandan G, both IIM-Ahmedabad graduates, dispatched Taxiforsure in 2011 as a web-based stage through which customers can lease taxis. Aprameya Radhakrishna, who studied in NIT Surathkal, worked as a cab aggregator. The organization has joined forces with around 25 taxi administrators in Bangalore and around 15 in Delhi, including marked administrators like Mega Cabs and Cell Cabs. It is said to have arrived at functional productivity in Bangalore, has likewise done its marking on around 550 taxis that little nearby administrators work.
Everything began on \’in-a-bar\’, \’on-the-tissue-paper\’ evenings. The two of them were disappointed that each time they needed to travel and required a taxi, they needed to call a few administrators for the promise that they would get a taxi at some point in a few hours, which was not assured. Their plan to turn into a taxi aggregator has turned into a reality, they call it TaxiForSure, and they endeavor to be of help for any individual who needs transportation.
Delhivery is one of India\’s biggest delivery, e-commerce, and logistics companies founded in the year 2011. Sahil Barua, an NIT Karnataka graduate, is the CEO and co-founder of the company along with Bhavesh Manglani, Kapil Bharati, Suraj Saharan, and Mohit Tandon. The delivery services are known as the \”Backbone of the Logistics Industry\” – The mainstay of the Indian internet business industry.
Delhivery is driving definitively to being an immense pledge drive for the business. It offers a full set-up of administrations. For example, last-mile conveyance, outsider and travel warehousing, turnaround coordinations, installment assortment, seller-to-distribution center, and merchant-to-client transporting, and that\’s just the beginning. Delhivery turned into a Unicorn in 2019 when it brought $413 million in a round led by SoftBank Vision Fund, Carlyle Group, and Fosun International. It was then valued at $1.5 billion. Right now, Delhivery is valued at more than $3 Bn.
Sachin Bansal and Binny Bansal established Flipkart. Both being 2005 alumni from IIT Delhi, were formally presented to the retail area while working at Amazon. The two met at the work environment and investigated their common premium in achieving an adjustment of the internet business industry of India. Flipkart is among India\’s prevailing online business stages.
It was begun in October 2007 with its base camp dwelling in Bengaluru. Established by Sachin Bansal and Binny Bansal, the web-based endeavor had at first started as a web-based book shop; however, as the company\’s acclaim was raised, it developed and extended its branches.
With web-based business continuously excelling the chain of retail and accumulating its force in India, Flipkart extended at a rapid speed, consistently enhancing different new thing classifications in its assortment. The organization works with more than 80 million+ items across the scope of more than 80 classes from cell phones and embellishments, PCs, books and digital books, home machines, electronic merchandise, garments and extras, sports and wellness, child care, games, and toys, gems, footwear, etc.
This prompted both to stop their positions at Amazon in 2007, deciding to make a comparative internet business organization. Moreover, the two wished to offer Indians an internet-based store that was made in India, which prompted the creation of what we as a whole currently know as Flipkart.
OLA is an organization that needs no introduction. One of the top travel organizations in the service sector. Some individuals don\’t have their vehicles or have just a single vehicle in their homes. Therefore, India needed to confront plenty of challenges throughout their travels. Individuals or large groups cannot often go by public transport because of several reasons and few being heavy traffic or emergencies or not being an occupant in a specific city. Hence, Ola Cab is the ideal choice.
The two IIT graduates, Bhavesh Agarwal and Ankit Bhati, who have encountered this issue, have gone through this exhaustively and presented the Ola taxi. It was the first taxi that has quite presented a few benefits to the customers and advancements in the Taxi services.
It was presented in the year 2010, and because of sensible value, individuals began preferring their administrations. Ola is India\’s local ride-hailing application that occupied around 60% (beginning in 2014) of India with customers across 100 urban communities and 15 lakh driver-accessories. The name Ola was taken from the Spanish word \”Hola\”, which says \”Hi\”. Along these lines, the proprietors say that their administrations are simple and charitable.
Is there any person who doesn\’t love food, has a good appetite, and craves different dishes? Well, No, and we love to taste and develop an appetite for good food. For authentic, exotic, and delicious food, we search and search and search but end up in vain.
Zomato has solved this problem by bringing our favorite dishes to our doorstep. It is an Indian food delivery organization established by Deepinder Goyal, Pankaj Chaddah, and Gunjan Patidar in 2008. Zomato gives data, menus, and client audits of cafés just as food conveyance choices from accomplice eateries in select urban areas. The service is accessible in 24 nations and more than 10,000 urban communities.
Deepinder Goyal and Pankaj Chaddah, The two of them being IIT Delhi graduates, however, got more familiar with one another just while working at the firm Bain and Co. Together they established Zomato, which now works in 20 nations, utilizes more than 1,000 individuals, and has an expansion of 35 million happy customers every month. Zomato\’s site or application permits clients to look for eateries by name, food, dish, and a few different categories. The site likewise fuses client audits, neighborhood guides, and connections to top restaurants and outlets nearby.
QUIKR made users turn into sellers and customers into buyers!! Quikr is an Indian internet-based commercial center and order promoting organization situated in Bangalore. Quikr has postings in more than 1000 urban areas in India in classifications like cell phones, family merchandise, vehicles, land, occupations, administrations, and training. It was established by Pranay Chulet and Jiby Thomas in 2008.
Quikr is a free classified and online commercial center that assists clients with selling, purchasing, lease or finding anything across India. So local area individuals can go to their site to find a condo to live in, sell their old vehicle, bicycle, music framework, PC or furniture, advance their independent company, find an educational cost class or get a break as a model or entertainer, join a salsa class, purchase anything that they may need or have to bring to the table and make new companions while doing all of the abovementioned.
Before long, a Mumbai-based web firm, Quikr, turned into India\’s driving, selling, and buying stage, i.e., purchasing and selling utilized merchandise. It is utilized by more than 30 million remarkable clients a month, is available in 1,000 urban communities in India, and works in more than ten classifications that incorporate cell phones, family merchandise, vehicles, land, occupations, administrations, and training.
Initially, Snapdeal (then, at that point, known as Jasper Infotech) wasn\’t an online business organization in 2008. Besides, it wasn\’t so much as a web adventure at that point. Rohit Bansal and Kunal Bahl established the organization with the vision of changing rebate couponing (to dispose of overabundant stock) for retailers in India, and their first item was a coupon booklet. The duo had shared a seat during their days in Delhi Public School, and both held renowned degrees (Kunal had worked in administration from Wharton School, and Rohit had procured his designing from IIT Delhi).
But, shockingly (indeed, luckily, looking back) for the youthful business visionaries, the rebate couponing model didn\’t work out true to form. So they began changing their plan of action as frequently it took until they got the right blend. From an organization that sold rebate coupons, first disconnected and afterward on the web, they made the change to build a commercial center-based business organization called Snapdeal in 2010.
There has been no thinking back since, as Kunal and Rohit have resolutely developed it into what is today one of the biggest online business commercial centers in India. Snapdeal\’s dealers\’ organization incorporates more than 50,000 shippers/brands, and its clients come from more than 4,000 urban areas and towns across India.
ShopClues is an Indian web-based commercial center claimed by Clues Network Pvt. Ltd. It was set up in July 2011 in Silicon Valley by Sanjay Sethi, Sandeep Aggarwal, and Radhika Aggarwal. Situated in Gurgaon, India, the organization professes to have more than 600,000 dealers and 28 million items on its foundation, serving more than 32,000 pin codes all over the nation.
ShopClues is a commercial center to build up an association among purchasers and vendors in an oversaw climate. It offers worldwide and homemade brands, numerous internet-based stores from brands or retailers across different posting classifications.
The company gives conveyance offices, a thorough trader endorsement process, and a safe internet-based stage for disconnected vendors. ShopClues was the 35th organization to enter the Indian E-trade market. Begun its activities in 2011 today, Shopclues has around 700 representatives across various areas in the nation and settled in Gurgaon.
The organization\’s internet shopping stage improves on shopping experience by highlighting the scope of items including attire, hardware, devices, kitchen machines, extras, and home-style and offers numerous installment choices like money down, and so forth empowering clients to impart their favorite items to companions through WhatsApp, Facebook, Twitter, get notices for arrangements, offers, and coupons.
The ShopClues logo addresses the two fortifications of the brand ‐ completeness, and trust while bringing a contemporary, less complex, and more grounded energy to the brand. It propagates the picture as the most available web-based shopping accomplice for the people of India.
As it is said that \’Hard work is the Key to Success, \’Creativity\’ is the key to success in the Startup world. Of course, startups gradually develop. It takes a lot of time and effort for a startup to become a small business and from a small business to a chain of companies or huge enterprises, and the first step in creating and building such startups is to have a clear idea, vision, and plan. These popular Startups are the best examples of successful entrepreneurs and show that a person can achieve great things when he dreams of achieving them and creating a new world.
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