Successful Indian Start-Ups - A Review
9th Feb 2017 19:49 NikitaTweet
‘How actually a startup begins?’, this might be the first question that strikes the mind of every enthusiast who has a fancy to have his own ways to earn. The answer to this question lies within you. In the words of Steve Jobs,
“Don’t let the noise of others’ opinions drown out your own inner voice."
It’s you who knows your talents and flaws better than others. What you only need is an idea to put up your talent in a way so as to get pecuniary benefits and the proper plan to create your business market.The most successful startups have been the ones in which the entrepreneur has chosen what he enjoyed to do as a business idea. You’ll automatically expertise in that if you get a kick out of it.
Here are a few recent startups from Indian origin, whose success has seen no bound. Moreover, these are from about every possible field.
In India, parents often face problem to identify a tutor for their children and conductively engage with them. On the other hand, for tutors, marketing their practices in an over-crowded space, identifying and assessing remediation needs and adapting to tech-intensive solutions are major challenges. Research has shown that education accounts for nearly 12 percent of expenditure in an average Indian family and over 89 percent of parents use curriculum-based assistance for their children.
Delhi based XPrep is solving this problem within the tutor parent network by enveloping tutors under this common platform. It also provides the tutors with to deal with the students in enriching manner and as well as communicate with the parents with transparency. Over 80 tutors have partnered with XPrep and are serving over 3500 students. Parents can also analyse their child’s progress in the tution.
Founded by a group of five, namely Bikash Dash, Bhaswat Agarwal, Mukul Rustagi, Vatsal Rustagi and Nikhil Goel, it has advanced at a rapid rate.
2. GYAN LABS
There are always some students in a class who are not able to make their ways with the teacher and need some special attention. Bengaluru-based Gyan Lab is addressing this critical need through its adaptive, mobile-friendly learning platform for K-10 students.
It gamifies and personalises learning based on what a child already knows and how they learn best. It is a B2C (to parents) platform with a monthly fee of Rs 199-349 per student.
It was incubated by the Manipal University Technology Business Incubator. Started off as a student project in January 2011, Add-on-Gyan Educational Services (AOGES), is a startup that works on an ’N’gage Students = ‘M’power India” philosophy. It got registered as a private company in July 2011.
Since then it has set out to bridge the gap between the practical and theoretical knowledge and help the students who have their own ways of learning. It enables school students of grades 3 and 10 to learn by practical exercises, model making and hands-on experience. Self-explanatory manuals and short videos on the topic, with lab sessions that are synchronized with the curriculum followed by the school, help in meeting the students’ needs.
Identified as one of the most successful startups of Indian origin, this Bangalore-based startup is a fashion hub for women. It was started by Sujayath Ali and Navaneetha Krishnan in 2013 and today boasts over 1.5 million products.
It works on a 10,000 rule algorithm to help users find the right product on the basis of filters like skin tone, body type and preferences. Initially, it was launched as a mobile application, but as its popularity grew, the website was developed. According to a report published by VCCircle in June 2016, the e-commerce platform claims to have an annual gross merchandise volume of more than USD 80 million, with over 10 million registered users and 8 million app downloads.
Funded by Sequoia Capital, this fashion boutique has acquired 5 startups in past 6 months. They are acqui-hiring startups and increasing their portfolio to establish leadership in the segment. The three companies that have been acquired now are:
i) Online marketplace for designers and boutiques Zohraa. It is a 12-person team.
ii) Online silk store Picksilk.com, which currently has an eight-person team.
iii) Styl, a platform that connects stylists and salons with consumers, with a team size of nine.
Last year as well, Voonik acqui-hired TrialKart to provide virtual dressing room experience to its users. The business is still growing on and on.
Flyrobe is somewhat like a dress lending platform. At instants when you don’t have enough cash but you want to take a try on a dress you just saw in a shop’s window, then flyrobe is made just for you. The Mumbai-based online rental startup was launched last year by Shreya Mishra, Pranay Surana, and Tushar Saxena – all IIT Bombay grads. It’s giving a fashionable spin to India’s growing interest in collective consumption.
It all started with 300 orders in November 2015 to 1600 orders in February 2016. It has a fabulous collection of western as well as ethnic wear and boasts of having 1600 users on Instagram. Flyrobe is one of the 15-odd start-ups that mushroomed in the past 18 months to tap the market for pre-owned branded and designer apparel and renting garments.
The company allows users to rent premium apparel and accessories and curates apparel and accessories from designers such as Ritu Kumar and Masaba Gupta, among others. Flyrobe currently operates in Mumbai and Delhi and plans to branch out to Hyderabad and Bengaluru in the coming months.
Stayzilla is one of the largest online marketplaces for getting stays during travel. Apart from hotels, they offer a well-balanced diet comprising of all manner of stay options to their customers including lodges, homestays, guesthouses, etc.
Stayzilla also aims to provide unprecedented reach to travellers by providing stays across the entire country, including all sorts of options from ultra-low-budget rooms to luxury stays. It is clear from the name itself about their giant reach to hotels located in the remotest of 'zillas' in the country. It has more than 55,000 stay options across 4000 towns in India. This platform( website and app) offers special selective ‘community’ feature that matches guests by their preferences and shared interests.
6. TRAVEL TRIANGLE
Travel is a registered Website of Holiday Triangle Travel Pvt. Ltd. They connect worldwide travellers with multiple local & expert travel agents. Travellers are provided with a wide range of choices of domestic and international destinations along with the available travel packages. The startup has grown much bigger and is now serving more than 2 lacs travellers each day across the world.
It all started in the summer of 2010. The founders, namely Sanchit Garg, Prabhat Gupta and Sankalp Agarwal made a trip to Leh. When they went through the travel packages, they found immense discrepancies in them which made them feel cheated. Thus this idea of Travel Triangle struck their mind.
In July 2014, Travel Triangle raised investment of $1.7 million from SAIF Partners. In April 2015, Silicon Valley venture fund Bessemer Venture Partners led an $8-million second financing round for the platform. Headquartered at Noida, Travel Triangle today operates with a team of over 300 people and a bouquet of 600+ holiday planners across the globe. Its content attracts around 14 lakh visitors on its website every month and serves travellers from 60 countries.
There have been even more successful startups, some of them being, ToT Smart Education, Roposo, Wooplr, Tripoto, TripHobo, etc.
The path towards being an entrepreneur is full of stones for sure, but once you are established, nothing is more worthy for you.