Indian Startups aim to build the industry with necessary talent, education, innovative ideas and practices. Various Indian startup stories got started through Digital Media which help in brand visibility.
Indian government has played a vital role in starting various startup schemes for women and new entrepreneurs. Within the last decade, India has gone above from having any mobile-phone to the world’s fastest-growing Smartphone market.
As the Indian economy is progressing, investors are looking at India with renewed interest. Startups are booming, as each sector is on a look out of something new and innovative. Mere dreamers are now becoming entrepreneurs! Startups have increased in each sector such as e-commerce, retail, mobile wallet, hospitality and many more.
Top 10 Indian startups that are riding the startup wave, and a story of how they started:
Flipkart an online e-commerce portal founded by Sachin and Binny Bansal on 5th September 2007 is trending high on growth. It is the biggest portal, which has now launched its own product range under the brand name of DigiFlip. It is also registered in Singapore.
Flipkart got its first big funding from Accel India who funded $1 million in 2009 and its current valuation is $15 billion. The number of employees working under Flipkart is approx 33000 till 2015. Tiger Global invested over $1 billion in this leading startup.
Snapdeal was founded by Wharton graduate Kunal Behl and IIT Delhi student Rohit Bansal on 14th February 2010. It is the trending online e-commerce portal which is focused with its selling strategies. It is the local rival of Flipkart. It got its first big funding from Venture Partners and Indo- US Venture Partners with a huge amount of $12 million in Jan 2011. The company now has top investors like Soft Bank onboard who invested $647 million. Its current valuation is $6.5 billion and approx. 10000 number of employees.
This Indian mobile wallet company is based in Noida, India. It was launched in 2010 and there are approx 3000 employees working under them. Paytm has expanded to mobile recharges and bill payments, e-commerce, bus travel and even online deals. It is giving Flipkart and Snapdeal a run for their money. It got its first funding from SAIF AND SVB of $6 million in March 2007. It has investors like Alibaba Group with an amount of $575 million. Paytm has its current valuation of $1.83 billion
OlaCabs, commonly called Ola, is India’s home-grown transport network company. It was launched on 3rd December 2010 as an online cab aggregator in Mumbai. This Bangalore-based startup is among the fastest growing online businesses currently. It is also the biggest rival of global taxi giants like Uber. It is funded with an amount of $330k and investors like DST Global had invested an amount of $400 million. There are approx 3000 employees working in Ola. Its current valuation is $5 billion
- Oyo Rooms-
It is India’s largest network of hotels. It currently operates in more than 160 Indian Cities. This company, founded by a rather young founder-CEO Ritesh Agarwal in 2012, has been branded as one among the next start-up unicorns. It is backed by investors like Softbank Group and Sequoia Capital with an amount of $100 million. It is funded from Venture Nursery with a current valuation of $400 million.
It is a restaurant search and discovery service, founded by Deepinder Goyal and Pankaj Chaddah in July 2008. It also provides cashless payment, online ordering, table reservation, and point-of-sale systems. It currently operates in 23 countries and is funded from Info Edge with an amount of $1 million. Its investors are Temasek and others who invested $60 million. Its current valuation is $1 billion with 2000+ employees.
This online portal is currently based in Gurgaon, India. It was founded in California’s Silicon Valley in 2011. It came to India as the 35th Indian e-commerce company and now has over 12,000 registered merchants. It has a wide range of 2, 00,000+ products and over 42 million visitors every year across 9500 locations in the country. Its funding partners are Helion Venture Partners and Nexus Venture who funded $10 million. The startup itself has approx 1000 employees with the current valuation of $1.1 billion. ShopClues investor is Tiger Global who invested $100 million.
Practo is a complete solution to health problems. It currently has over 1, 00,000 doctors listed from over 310 Indian towns and cities. It has over 1.3 million page views and 30,000 appointments booked every month, with traffic growing at 24% month-on-month. The company has seven offices, in Mumbai, Delhi, Bengaluru, Chennai, Hyderabad, Pune and Singapore. It was founded in 2008 and got funded from Sequoia Capital with $4 million. Its current valuation is $525 million.
The growth of Indian startups is at a very good pace with new and emerging strategies and tools. The success of 8 startup stories has proved that how digital marketing is important for brand visibility. These success stories have proved that a common person can also become a successful entrepreneur and make their new venture successful. For opening a startup you just require a unique idea and the capability to frame it and execute the same. .