Top 5 Startups In INDIA
Hi Guys, Welcome to another blog. Today's blog is all about Startups. Many of you know that what startup is and many of you are willing to start your own company as a startup. But, Before moving to startup industry you must know the top five startups in INDIA. Well, India is a very large country and its economic growth is increasing day-by-day. Because of this Indian youngsters are willing to start their own company as a startup. India population is about 1.3 billion and it is increasing rapidly day-by-day, According to analytics by the year 2021, India can surpass China in population category because of this it creates more problem cuz there is less number of jobs in India. But, 'Startup' can solve this little issue that's why the government of India is encouraging the youngsters to start up their own company as a startup.
In the year 2015, There was a huge revolution of startups in India but more than half of it got failed in their first semester. Now, Many youngsters don't have the knowledge that 'how to do business' 'how to run it' and cuz of lack of prior knowledge they get failed in their first year only.
Well, This is not our main topic but you should know that why startups get failed and if you want to know the mystery of failed startups it is necessary to know about which startups got to succeed and how they become the market leader in their first semester only.
While It doesn't mean if you get failed in your business in your first semester you cannot do business. But, Many startup owners close their startup and thinks that they cannot do. Well, it is more important to gain experience from your failures so that you can get success in your business like Flipkart did.
Well, We are not discussing how Flipkart get success and how they become the market leader but Flipkart is one of the first startups who started startups revolution in INDIA.
Most Successful Startups in India
5. Quikr
I think I don't need to explain what Quikr is and what is the use of Quikr in the online industry. Quikr was founded on 2008 by Pranay Chulet, Jiby Thomas. The main motive of this startup is to help people to sell their old products on the internet. OLX is also the great player in this industry but it is not an Indian startup. According to Alexa, OLX is more consider in India because its free to use and sell your products, on the other hand, Quikr charge a little much of amount from the user to sell their products through Quikr. According to Alexa, OLX is more successful than quikr just because its free to use. If we see the revenue comparison between Quikr and OLX, Quikr is the winner because they earn from both sponsorships and commissions as well.
OLX serve google advertisements on their website globally and that's their main revenue model. According to Alexa, OLX has more visitors from India compare to Quikr but it doesn't mean that Quikr is not much good both of them are doing their job and both of them are more considered by people in India. Only the thing Quikr doesn't operate their sites globally but OLX does. Quikr has different plans for the different types of sellers like they have their basic as well as a premium version for the sellers. Quikr doesn't charge any amount from the buyer but if the user wants Quikr service they prefer to buy their premium version.
OLX serve google advertisements on their website globally and that's their main revenue model. According to Alexa, OLX has more visitors from India compare to Quikr but it doesn't mean that Quikr is not much good both of them are doing their job and both of them are more considered by people in India. Only the thing Quikr doesn't operate their sites globally but OLX does. Quikr has different plans for the different types of sellers like they have their basic as well as a premium version for the sellers. Quikr doesn't charge any amount from the buyer but if the user wants Quikr service they prefer to buy their premium version.
4. OYO
I think many of you have been confused about what does 'OYO' means. OYO is a hospitality company started by Ritesh Agrawal in the year 2011 in Gurugram. OYO is the most inspirational startup for the youngsters because it is started by a very young boy named Ritesh Agrawal. He started OYO rooms when he was 17 years old, Can you imagine he started his own startup when he was 17 years old. Ritesh Agrawal is one of the youngest entrepreneurs in India.
The specialty of OYO Rooms is that it is the largest hospitality company which runs in more than 8500 hotels in more than 250 cities in Malaysia, China, Nepal, Indonesia, United Arab Emirates, and India as well. As you can see that this startup is just 5-6 years old and how much it got succeed not only in India but also in foreign countries.
3. Snapdeal
Many of you have been used Snapdeal for shopping your favorite products. While, Earlier Snapdeal was considered the best online shopping platform in India but after the Flipkart, Snapdeal get failed to give awesome services to their customers. Snapdeal was founded by Kunal Bahl and Rohit Bansal in the year 2010. But after so much of loss suffered by snapdeal founders decided to sell snapdeal Jasper Infotech. If we talk about the current valuation of Snapdeal it is about $3.6 billion dollars.
If you want to know about that why Snapdeal got failed. Just comment below we will discuss that why snapdeal get failed in the e-commerce industry.
2. PayTm
Many of you know that what Paytm is. 'Paytm' stands for Pay through mobile. It is an online web application to pay, recharge online payments or bills and many more. Paytm is one of the biggest startups in India. One of the main reason for the success of Paytm is that they give discount coupons and cash back when you pay or recharge your device through Paytm.
Paytm was founded by Vijay Shekhar Sharma in 2010. Currently, One97Communications is the parent organization of Paytm.
1. Flipkart
Flipkart is one of the biggest e-commerce company in India even Amazon has not that much of market share that Flipkart have. Flipkart is an online retail e-commerce company started by the two IIT graduates Sachin Bansal and Binny Bansal in the year 2007. If you don't know that the founders of Flipkart were an earlier Amazon's employees. In 2007 Flipkart mainly focuses on books like Amazon does but after the success of Flipkart, Flipkart started selling different products on their site like Electronics, Fashion, Mobiles etc. One of the major reason for the success of Flipkart is Cash on Delivery, Indians don't prefer to pay with debit cards or credit cards in that time but Flipkart solves this problem with their startup.
AFter Jabong, Myntra the fashion retail company was acquired by Flipkart, Flipkart becomes more powerful than Amazon in India. If we talk about in revenue basis Flipkart is the leader and in market share as well. While both the e-commerce companies are great and most Indians prefer to buy from Flipkart or Amazon because of their services that they provide to their customers like recently, Flipkart launched Flipkart-plus to compete with Amazon prime services but it is not that much great as Amazon prime service. If we talk about global revenue basis of Amazon makes above $150 billion dollars per year and it is increasing year by year.
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