With the world running so fast, and young Entrepreneurs coming up with revolutionary ideas, start-ups are making their own place in today’s fast-paced business environment. India attracts a large number of investors from all around the globe. Thus the presence and influence of India’s most successful start-ups can be seen across the globe, as Indian startup products and services are leaving their mark on global markets.
A unicorn could be a technical phrase to describe in the business world. It basically used to describe a privately held startup company valued at over $1 billion. India is home to 21 unicorn start-ups, collectively valued at $73.2 billion: Hurun Global Unicorn List 2020. The Indian start-up ecosystem is claimed to be the third-largest in the world. Investors and international companies search for investments and ways of injecting funds into Indian start-ups. Unlike the primary entrepreneurs, entrepreneurs now don’t struggle due to shortage or lack of finance. India has been home to lots of successful start-up stories. And today we’ll be talking about a few life-changing innovations of all times. So if you want to be an entrepreneur, take tips.
Ola
Traveling around a city can be a very challenging task and if you’re not a resident of that particular city, then it becomes tougher. Well! let me tell you who can rescue you in such a situation? Ola needs no introduction. The idea of satellite cabs operated via a mobile app came to Bhavish Aggarwal and Ankit Bhati, two students from IIT Bombay, back in 2011 come up with this brilliant idea. Ola secured the 49th spot in Hurun’s global list. The start-up’s net worth was $10 billion in October, last year. However, just a few months back, thanks to COVID-19, its value declined considerably.
Ola is India’s largest mobility platform, founded in 2011 with a mission to create mobility for billions of people. Taking a car or hiring one for inter Or intracity travel has always been a big problem in India. Stuck in an exceedingly similar situation, abandoned in the middle of the road by his cab driver, these young entrepreneurs decided to take matters into their own hands and with this simple idea became one of the most successful start-ups in the world of start-ups.
Snapdeal
Want to buy something urgently, not in the mood of stepping outside? Don’t worry, Snapdeal is here for you. Japan has Miniso, Canada has Dollarama and the US has Dollar Trees. What do Indians have? Snapdeal! Founded by Kunal Bahl and Rohit Bansal on the 4th of February 2010. This once “flash-deal” website has seized almost every nook and corner of the state. We have come across many companies and start-ups coming up and becoming big hits in recent years, but Snapdeal is still going strong and the journey of Snapdeal is remarkable. They have overcome all the odds and have continued to hold their place in the market even after nine years.
Finding the investors for a start-up in India was challenging back in 2011. The name Vani Kola resonated with the founders, mainly because the investment from her investment and belief in the success of the idea is what made Snapdeal a reality. Snapdeal has the capabily to outshine Flipkart and even Amazon to acquire the position of the largest e-commerce platform in India. Nobody knows what the future holds, but we sure know that Snapdeal isn’t a quitter. Let’s see what they have in store for us next! So stay tuned!
Flipkart
No one knew that one small venture can completely transform the way we shop. But that’s exactly what Flipkart been able to do. In 2007, E-commerce was still considered a definite segment business and most Indians preferred shopping offline. The internet was taking over the world and Steve Jobs had just launched the first iPhone which disrupted the entire smartphone industry forever. Two software engineers in India, Sachin Bansal, and Binny Bansal noticed the changing dynamic of technology and realized the potential of E-commerce. There were only 50 million internet users in India at that point. They wanted to use this opportunity to establish an online shopping platform that will take India’s shopping experience to the next level.
Even though the founders needed to resign from Flipkart, we must always not forget that Flipkart wouldn’t have reached where it’s today without the vision and determination of Sachin Bansal and the operational skills of Binny Bansal who worked hard to make Sachin’s lofty dream a reality. Today, Flipkart is a giant business with massive revenues and thousands of employees. However, Sachin and Binny are still two passionate engineers, who are still giving their best to find ways to solve problems. And yes, we can’t ignore the fact that their journeys has taken the experience of online shopping to another level through Flipkart.
Paytm
Two words that come to our mind while Shopping, are “Paytm Karo.” Paytm has brought a paradigm shift within the retail industry by completely transforming the payment methodology. The leading online payments company managed to secure the 13th spot in Hurun’s Global Unicorn list of 2020 and is the highest-valued Indian Unicorn start-up currently. It was founded by DTU-graduate and entrepreneur Vijay Shekhar Sharma in 2010 with an initial investment of $2 million.
The Hurun report suggests that in its most up-to-date funding round, which was held in November 2019, the company raised another billion dollars and currently holds the title of India’s most highly valued start-up. Paytm offers full-stack payments & financial solutions to consumers, offline merchants, and online platforms. The company has recently joined hands with Stock Holding Corporation of India to produce payment gateway services on its website and application for its five crore customers. The new launch came nearly two years after Paytm Money started allowing fund investments. Paytm has proved to be a paragon within the field of e-commerce website developers and its meteoric rise in popularity has inspired others to imitate.
Zomato
Food is the basic need of people all around the world. Of course, folks yearn for good food and a wide range of cuisines to choose from. The development in technology has paved the way for many innovations, and food delivery app development is one in all of them. Well! Hold on all food lovers we’ve something for you, zomato!
Valued at $3.5 billion, Zomato is not only one the most successful Indian Unicorns start-ups but is also the number one food delivery platform, hitched the 96th spot on Hurun’s global list. The company was founded back in 2008 by entrepreneurs Deepinder Goyal and Pankaj Chaddah. To remain the leading horse in the race, Zomato has invested in several other start-ups like UberEats and even EagleTech, an organization that exclusively works with drones, opening up possibilities of drone-delivered food.
During the COVID-19 pandemic, Zomato leaded the way with contactless deliveries and even grocery deliveries. As of last year, this India-based service is available in over 24 countries and in more than 10,000 cities. The start-up announced 10 days ‘period leave’ for all its female and transgender employees – a big milestone in a country like India. The brand also introduced the Zomato feeding India program amid the lockdown, to assist migrants who were on their way home with no food asnd income. The success story of Zomato shows that tough work and determination to make a small idea into something big can make anything possible.
