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12 Indian Startup Success Stories for the new age entrepreneur [2020 Updated]
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Read about the top 12 inspiring startup stories in India that have been able to establish a kingdom and wear the crown in their niche with their hard work and struggle.

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India has established itself as one of the biggest startup hubs around the world. Every other day a new startup emerges from the ocean of opportunities with an aim to make it up to the list of the startup success stories in India. However, we must remember that 90% of the startups fail in their initial stages.

Startup Success Stories India

In this article, we’ll be talking about the successful startup stories in India that have been able to build their empire to become the emperors of their niche marketplace. From food delivery to ecommerce, these 12 inspiring startup stories will encourage you to be a part of startup success stories today.

Fact: According to reports by ET (1), around 86% of the men continue to dominate the startup space, with women entrepreneurs constituting 14% of the startup share.

 

12 Inspiring Successful Startup Success Stories in India

Each entrepreneur puts in his 110% effort to make their startup a success. Nevertheless, that’s not the only factor that matters to the formulation of the perfect recipe of Indian success stories. The successful startups in India are built on the grounds of persistence, mentorships, disruptiveness & market requirements. 

These 12 startups have been able to survive amidst the struggling economy of our nation to emerge as the top successful business stories in India:

  1. Oyo
  2. Paytm
  3. Flipkart
  4. Swiggy
  5. Ola Cabs
  6. BookMyShow
  7. MakeMyTrip
  8. Byju’s
  9. BigBasket
  10. Nykaa
  11. Cars24
  12. PharmEasy

 

12 Inspiring Startup Stories in India

1. Oyo

Startup Success Stories India

Launch: 2013

Founders: Ritesh Agarwal

Industry: Hospitality

Estimated Valuation: $16 billion

Ritesh Agarwal, the founder of the homegrown unicorn Oyo, has established itself as one of the largest hotels and hospitality chains around the world with operations in over 800 cities across 80 countries, including India, the US, China, Europe, China, and more.

Airbnb was the biggest source of inspiration for Ritesh, who started out on his journey of being one of the best entrepreneur success stories as a teenager.

Fact:  Ritesh launched Oravel Stays in 2012, which was later relaunched as Oyo in 2013.

Visit their website here.

 

2. Paytm

Startup Success Stories India

Launch: 2010

Founder:  Vijay Shekhar Sharma

Industry: Fintech

Estimated Valuation: $15 billion

Paytm started out as a digital wallet in its initial days but has transformed into a completely new payments platform. The fintech service has been able to emerge as the top fintech company even after facing fierce early competition from brands like Freecharge. 

Fact: Paytm’s userbase grew from 125 million to 185 million three months post demonetization.

Vijay Shekhar Sharma, who was struggling to make ends meet with Rs 10 in his pocket, tasted victory the hard way, and today, he stands as the founder of the billion-dollar homegrown unicorn. 

Visit their website here.

 

3. Flipkart

startup india

Launch: 2007

Founders:  Sachin Bansal & Binny Bansal

Industry: Ecommerce

Estimated Valuation: $24 billion

The Walmart acquired ecommerce company Flipkart stands as the largest ecommerce platform in India. Today, the ecommerce platform has expanded its business horizons by foraying into the video streaming industry with Flipkart Video Originals.

Fact: The first customer of Flipkart was a young engineer from Mahbubnagar, Telangana.

Sachin Bansal & Binny Bansal started out as an online bookstore that made around 20 successful shipments in its first year of functioning. It was not late before the platform started grabbing people’s attention that made it the top online retail market in history.

Visit their website here.

 

4. Swiggy

startup india

Launch: 2014

Founders:  Nandan Reddy, Rahul Jaimini, & Sriharsha Majety

Industry: Foodtech

Estimated Valuation: $3.3 billion

The viral food delivery startup has marked itself as one of the inspirational stories of success that started out in its Bengaluru neighborhood that was covered by six delivery executives with only 25 partner restaurants.

Today, the food delivery firm has over 2.1lakh delivery executives across 300+ cities in India. Currently, the company processes over 1.4 million food orders daily across the country. 

Note: Swiggy recently received a funding of $1 billion from Naspers and Tencent Holdings

Visit their site here.

 

5. Ola Cabs

Startup Success Stories India

Launch: 2010

Founders:  Bhavish Aggarwal, Ankit Bhati

Industry: Mobility

Estimated Valuation: $6.2 billion

Ola Cabs, started by IIT-B graduates Bhavish and Ankit, has emerged to be the most prominent Indian mobility service provider in the country that offers its services across 50 cities in India and is evenly spread across countries, including the UK, Australia, and New Zealand. 

The idea of Ola, a cab aggregation startup, came from Bhavish’s terrible experience. At the same time, he was traveling from Bengaluru to Bandipur, where the driver of his cab stranded him in the middle of nowhere over a failed negotiation deal. 

Visit their website here.

 

6. BookMyShow

Startup Success Stories India

Launch: 1999

Founders:  Ashish Hemrajani, Parikshit Dar & Rajesh Balpande

Industry: Online Ticket Booking

Estimated Valuation: $1 billion

We see BookMyShow as a stable platform in the online ticket booking sector. It is considered as the one-stop-platform to book online tickets, especially for movies.

Surprisingly, the upheaval of BookMyShow is one of the most motivational success stories that showcase the power of perseverance. The platform currently provides its services across five countries with over 30 million customers. 

Fact: The initial capital invested in BookMyShow was just Rs 25,000.

Visit their website here

 

7. MakeMyTrip

startup india

Launch: 2000

Founders:  Ashish Hemrajani, Parikshit Dar & Rajesh Balpande

Industry: Travel Agency

Estimated Valuation: $23.5 billion

MakeMyTrip is India’s leading online travel company that provides online services like travel packages, hotels, flights, rail, bus tickets, etc. to its clients. Founded by IIM-A alumni Deep Kalra, the success of MakeMyTrip has been recognized not only nationally, but internationally as well. The company was even listed in NASDAQ. 

Fact: MakeMyTrip was initially launched to cater to the needs of NRIs for their Indo-American trips back and forth. 

Visit their website here

 

8. Byju’s

startup india

Launch: 2008

Founders:  Byju Raveendran, Divya Gokulnath

Industry: E-Learning

Estimated Valuation: $5 billion

Byju’s started out as a mere e-learning platform but has grown to become one of the most popular and highly trusted ed-tech brands across India. 

The platform founded by Byju Raveendran & Divya Gokulnath provides online tutoring sessions to students ranging from study material of class VI to material about competitive exams like IAS, CAT, GRE, etc. 

Fact: Byju’s has registered 35 million users on its learning app with 2.4 million paid subscribers.

Visit their website here

 

9. BigBasket

Startup Success Stories India

Launch: 2011

Founders:  Hari Menon, VS Sudhakar, V S Ramesh, Vipul Parekh, Abhinay Choudhari

Industry: Ecommerce

Estimated Valuation: $1.2 billion

The online food and grocery buying platform provide its users with an option to buy products ranging from food supplies, grocery, beverages, personal care products, bakery supplies, etc. Currently, BigBasket has marked its presence in over 25 cities across India with Bangalore, Mumbai, Delhi-NCR, Hyderabad, Chennai, Pune, and Ahmedabad being the top cities.

Fact: Hari told a publication that despite being in the business for five years, their core team still works on a 7 am to 12:30 am model. 

Visit their website here.

 

10. Nykaa

Startup Success Stories India

Launch: 2012

Founder:  Falguni Nayar

Industry: Ecommerce- Fashion & Beauty

Estimated Valuation: $750 million

The IIM-A alumnus Falguni Nayar left her 9 to 5 job at Kotak at the age of 50 to pursue her dreams of establishing Nykaa. The platform was launched to develop a one-stop-platform of beauty products in India, making it the first beauty exclusive ecommerce platform

Fact: The online beauty & fashion platform opened its first offline store at T3 Terminal, IGI Airport, in November 2015. 

Visit their website here

 

11. Cars24

startup india

Launch: 2015

Founder:  Vikram Chopra

Industry: Automotive

Estimated Valuation: $242.6 million

Cars24 is the number 1 used car selling and buying platform in India that was founded by Vikram Chopra in 2015. Cars24 enables you to sell or buy a second-hand car hassle-free. The platform has over 100 offline stores pan India that enables a person to evaluate the value of his car with direct consultation from the Cars24 employees.

Fact: Cars24 launched an ad campaign #ByeByeDrive, which focussed on the sentimental value connected with ‘your car’.

Visit their website here.

 

12. PharmEasy

startup india

Launch: 2015

Founder:  Dharmil Sheth, Dhaval Shah, Mikhil Innani

Industry: Ecommerce- Healthcare

Estimated Annual Valuation: $64.7 million

PharmEasy is an online pharmaceuticals delivery platform that assists by delivering the required medicines & diagnostic test reports to its patients. It currently functions across eight cities in India, including Mumbai, Pune, Ahmedabad, Kolkata, Jaipur, Delhi, Noida, and Bangalore. 

Visit their website here

 

FAQs – Frequently Asked Questions about Startup Success Stories

1. Do you need to study business to have startup success stories?

No, you do not need to study business as a subject to build a successful startup. However, that doesn’t mean that you can start a business without having any knowledge of the market. While starting a startup, it is imperative to study the market trends to build strong startup success stories

 

2. Is starting a YouTube channel a startup? 

If this question was asked ten years ago, it would have been laughed upon by some. But today, with advancing technology and digitalization, many individuals are starting YouTube channels with the only aim to earn money. Yes, a YouTube channel can be considered as a startup, especially the one started by internet entrepreneurs. YouTube channels having successful startup stories are usually the ones that function as a whole company, along with producing content for their YouTube channel.

 

3. Are their startup success stories about YouTube channels?

There are many YouTubers that have contributed to building a strong digital community in our countries. Their YouTube channels are startup success stories for many and have been able to accumulate a following of millions.

Some of the startup success stories of YouTube channels are of:

  • BB Ki Vines
  • Sandeep Maheshwari
  • Technical Guruji
  • Chanchlani
  • Mostly Sane
  • Flying Beast
  • Mumbiker Nikhil

 

4. How yourstory contributes to making your startup stories?

Successful startup stories are not made in a day. They are yourstory of the highs and lows you faced in your entrepreneurial journey that makes startup success stories. These are the startup success stories of inspiring entrepreneurs who paved their way of innovation and dreams to build an empire.

 

Startups are taking over the world with their innovation and improved convenience, and these 12 Indian startups have been able to succeed amongst the cut-throat competition in the market amongst different brands. The greatest lesson to be learned from these startup success stories is to have strong will power to give up.

Disclaimer: The views, thoughts, and opinions expressed in the article have been curated for our audience and does not warrant a 100% accuracy. All the information mentioned in the article is subject to change according to the changing viewpoints. Feel free to reach us at [email protected] for any change or copyright issues.

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Saumya Uniyal
Saumya Uniyal
A passionate writer with bachelor’s in the field of English & Journalism. Other than being a bibliophile, some of her hobbies are travelling, photography and poetry.

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