India is famous for its cultural diversity and Yoga discipline. Apart from that the Indian cuisine and the entertainment sector have left their essence in various parts of the world. Howbeit with the growing world economy, the need to produce some ingenious entrepreneurs took its
toll and the past decade witnessed the emergence of many such start-up business ventures that have engraved their names in the world economy. As a country of many economic inflations and accounting for about one-fifth of the world’s population, Indian entrepreneurs took the matters in their own hands and came up with some of the most successful Indian start-ups to stabilize the GDP of the country and subsequently contributing to the world economic stability.
Starting its journey from a one-room apartment in Silicon Valley of India- Bengaluru, the company saw its fortune wheel turning to success in the later months of 2010 when the revenue capital enabled it to acquire an online book cataloging app, WeRead. That was
the first buy-out of Flipkart since its establishment in 2007 and till date, it has some of the biggest buy-out deals for e-commerce websites such as Myntra and consequently Jabong.
The former employees of Amazon enterprises, Sachin Bansal & Binny Bansal parted ways with the company and set out to establish their own business venture, which now ranks among the top 10 e-commerce or online shopping websites of the world. With gross revenue $2.4 billion, the company has expanded its wings to investment sector as well, with a funding to parent guiding network TinySteps in 2017. It definitely is one among the most successful Indian start-ups.
- ₹ 20,379.2 Crore (US $3.2 billion)
Tiger Global, Accel India, Morgan Stanley, Greenoaks Capital, etc
Taking a special interest in redefining the online shopping experience for home furnishing, Mumbai based Ambareesh Murty teamed up with Ashish Shah, former head of eBay motors, to start a journey of their own and that is how PepperFry came into existence. This is among the freshest start-ups of India that has managed to attract the Indian customers and the top international investors since its foundation in 2011 and came into the limelight for raising a total of $100 million in 2015.
The company’s prime focus is on the home furnishing and décor items and has acquired a stable recognition in the e-commerce world owing to their excellent customer service coupled with the social initiatives Grow-Tree to protect the Mother Nature.
₹ 814.78 Crore (US $128 million)
Bertelsmann India, Norwest Ventures, Zodius Capital Enterprises, &
- Mumbai, Maharashtra
First Cry saw its birthing moment when an IIM-Ahmadabad & Delhi College of Engineering Graduate couldn’t find proper clothes for his new-born daughter. Despite being home to a vast variety of baby clothing stores, Indian market didn’t have an e- commerce site dedicated to the merchandise of the new-born babies. The scenario changed when First Cry came along.
Committing to render a hassle-free shopping experience to the new parents, First Cry operates through a chain of retailers and vendors across most Asian countries with over 2 lakh products with exciting offers and a free delivery promise. The graph of the company’s growth assures its place in the list of most successful Indian start-ups.
₹ 439.6 Crore (US $69 million)
IDG Ventures India, SAIF Partners, Temasek Inc, & Valiant Capital
While PepperFry is among the youngest of most start-ups, Just Dial traces its step back to the mid-90s, created for availing the classified listings to the countrymen. A native form of the Yellow Pages, Just Dial’s success was a subject of extreme patience and fluctuating stock exchange revenues until it became a household name for any basic query or help in India by 2010.
A dream project of its founder and CEO, Mr. V.S.S. Mani, Just Dial obtained its Initial Public Offering (IPO) certification in 2012 and went public a year later in May 2013. The company’s prime focus is to strengthen local services to public and has tough competitors from food to medicine field like Practo & Big Basket.
₹ 657.49 Crore (US $103.2 million)
Tiger Global, SAIF Ventures, SAP Ventures, Public shareholders
A linguistic blend of two names-Grocery Gophers, Grofers is yet another new-born venture started near the national capital region in 2013. The services provided by the e- commerce site had a huge opening with services in about 26 Indian cities. The former
employee of Zomato Enterprises, Albinder Dhindsa had a common vision with the company’s co-founder, Saurabh Kumar, to serve the localities with the freshest groceries and food products with just a click on their electronic device. The company managed to grab the attention of some top investment companies and the rest is history. In 2017, the company had market revenue of ₹ 665.0 crores (US $100
million). However, the company decided to reduce its workforce in the early 2016 and harbors only 900 employees with services reduced from 26 to 17 Indian cities
₹ 1060.8 Crore (US $166.5 million) as of January 2016
Tiger Global, Sequoia Capital, & Soft Bank
- Gurgaon, Delhi & NCR.