Iconic Indian Startups – A Journey over a Decade
Conventional business strategies and models have ruled the Indian business eco-system for decades, and have been at the forefront in giving shape to the Indian economy. The latest addition to this is the gradual rise of startups opportunities. Not only in India, rather it has taken the world by surprise. This post gives throws the spotlight on the journey of Indian Startups along with exploring them deep insight!
The startup landscape has witnessed dramatic changes over the last decade! Let’s understand the critical factors at a glance that has helped startups to flourish at a fanatic pace.
- Advent of B2C e-commerce platform
- Tech startups taking the center stage
- Fintechs, B2B, and Logistics joining the foray
- Launch of ‘Startup-India’ initiative
- Incubators & Angel Investors – A boon for entrepreneurs
Alongside, reforms, startup-friendly regulations, and recognizing startup business as a segment by the Government at the highest level are the boosters that have made India stand amongst the top three startup countries across the globe!
For newbie’s, a startup is all about thinking out of the box and identifying an issue along with an innovative business model to thrive on it. You need to chip in talent backed by resources to manage the show. Of course – finance plays the role of Big Daddy and hence you have to explore all the possibilities under the sky.
Now that we can analyze how the startup is redefining the business fraternity, let’s analyze few of the most iconic startups that are the pioneers of startup culture in India. These ventures having reached the pinnacle of success are the biggest inspiration for countless minds who are aspiring to turn their raw ideas into an innovative business proposition.
MakeMyTrip – Started in the year 2000, the company was founded by Deepak Kalra – a grad from IIM-Ahmadabad. With intent to minimize the travel cost and creating a platform that includes every aspect of the hospitality industry, especially by removing the brokers, MakeMyTrip is truly a ‘one-stop’ travel solution provider.
Zomato – Operating over 24 countries across the globe since 2012, Zomato is one of the most popular food ordering and delivery app. Headquartered in Gurugram, Haryana; Pankaj Chaddah and Deepinder Goyal founded it in 2008. With an employee count of over 5000, it has received funding from various national and international investors.
OLA Cabs – Valued at over $6.2 billion, OLA was formed by ANI Technologies Pvt. Ltd in 2010 by Ankit Bhati and Bhavish Agarwal. As an Indian cab aggregator entity, OLA has transformed the concept of cab booking in India. Currently, it also operates in Australia, Newland, and the UK.
Paytm – Founded in the year 2010 by Vijay Shekhar Sharma, it’s one of the biggest e-commerce payment and digital wallet company based in India. Operated by One97 Communications, it’s an online platform for bill payments to booking train and flight tickets along with allowing merchants to accept and receive payments directly in the bank accounts.
– Devasish Kanojiya