New-age entrepreneurs never cease to inspire us. All of them have different success stories, and they have made it big in their unique ways by defying all the norms. Despite their uniquely innovative mindset, they do have something in common. They all know how to succeed in the hyper-competitive market. They all possess the rare entrepreneurship qualities that helped them to conquer their respective markets.
Most people still think that money and luck are all they need to get success in their business. However, that’s not the case anymore. Technology, globalization, and education have significantly leveled the playing field for all. Most of today’s entrepreneurs have ventured out to create big business empires without much money in their pockets to show off.
Learn more about the inspiring entrepreneurs in India.
So, what do these visionary entrepreneurs know that helped them to create billion-dollar businesses and disrupt the market in ways no one could ever imagine? Let’s take a look:
Indian Startup Stories to Inspire Your Journey to Success
1. Byju Raveendran – The Learning App
With a current valuation of over $5.7 billion, Byju’s Learning App is currently the leading and the largest startup in India’s EdTech space. Byju Raveendran is a mathematical genius in a real sense. His extraordinary imagination and a deep understanding of technology have allowed him to simplify complex subjects with Interactive real-life examples and made learning fun and engaging for everyone. Byju’s learning app has over 35 million free users, 2.7 million paid users, and an impressive year-on-year renewal rate of 85%.
Before starting his Billion dollar business, Raveendran pursued his passion for teaching, games, and mathematics for almost 12 years. Byju’s learning app has become one of the most incredible success stories in the Indian startup ecosystem.
Valuation of Indian unicorn start-ups (In $ billion):
Paytm (Payments): 16.0
Ola Cabs: 5.7
ReNew Power: 2.0
— The Indian Index (@Indian_Index) February 1, 2020
2. Harshil Mathur – Razorpay
Harshil is an IIT graduate who likes to solve new challenges every day. That’s what inspired him to leave his nine-to-five job and pushed him to launch his own immensely successful startup with Shashank Kumar- Razorpay.
Launched in 2014, Razorpay has quickly become one of the most popular and comprehensive payment solutions providers in the country. Razorpay has revolutionized online payments by offering a clean and intuitive interface, effortless integration, and developer-friendly tools and API.
Razorpay is a continually evolving platform. That’s what makes it one of the most unique startups in India. The idea was to design a perfect payment solution to fulfill the needs of emerging and transforming startups. With the increasing popularity of Razorpay, Razorpay has also grown and evolved a lot over the years.
Presently, the startup boasts of the leading Unicorns like Zomato, Twiggy, and OYO and some of the largest enterprises like IRCTC and Airtel as its merchants. With over 350,000 merchants in total on its platform, Razorpay processes over $5 billion transactions annually.
If you run an online business, chances are you use a payment gateway to accept payments. Or maybe you’re looking to get started. 💳
In either case, it’s important to understand how a payment gateway works and what are the benefits of using one. https://t.co/KZM2uNHGUJ
— Razorpay (@Razorpay) February 5, 2020
3. Abhiraj Singh Bhal – Urban Clap
Abhiraj Singh Bhal, along with Raghav Chandra and Varun Khaitan, stumbled upon the idea of starting Urban Clap when they discovered the hugely fragmented and unregulated market of on-demand services in India. However, soon after, they realized their journey wasn’t as smooth as they expected.
Apart from the obstacles surrounding this particular industry, numerous customer complaints and inconsistency are some of the other challenges the founders had to deal with. That being said, there’s a huge opportunity to innovate and revolutionize this sector with the help of cutting-edge technology.
Since its launch around five years ago, Urban Clap has become a household name today. With over 20,000 service partners, presence in 11 cities, including Dubai, and an enviable reach of over 6.5 lakh homes per month, Urban Clap has grown tremendously over the years.
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