Sunday, May 26, 2013

Top 10 most successful start-ups in India


India is a country of budding entrepreneurs. Every years a large number of entrepreneurs put in efforts to make a system, a website or a project which they believe is the next big thing. However not all the start-ups are able to continue their journey for over 3 years. Most of them become insolvent or fail due to human resource issues. Here I have listed the top 10 start-ups who have made it to over three years.


Flipkart:
flipkart.com
Undoubtedly the most successful of Indian online companies, Flipkart is one of the biggest and highest earning online companies in India. Being an early starter in the field of online retail, it has the biggest market share of customers. Headquartered in Bangalore, it was founded by Sachin Bansal and Binny Bansal in 2007. In its initial years, Flipkart focused on online sales of books, but it later expanded to electronic goods and a variety of other products. Flipkart offers multiple payment methods like credit card, debit card, net banking, e-gift voucher and Cash on Delivery.

JustDial
justdial.com
Its a company providing local search services over the Phone, Web, Mobile and SMS. It is headquartered in Mumbai, Maharashtra. Users are required to call a common number and simply tell the human operator what service they are looking for. Text and email alerts are then sent to users listing the best options around them. Recently they have come up with an IPO for fund raising. Just Dial's initial public offer to raise $174 million was oversubscribed nearly 12 times in what marked the country's biggest IPO this year (2013).


Quikr
quikr.com
Quikr is an online classifieds company based in Mumbai. It was launched on 12 July 2008 and is currently present in 900 cities across India. Quikr provides the local community with a platform to help them buy, sell, rent and find something and address needs across many categories. These categories numbering over 12 and sub-categories over 140 range from Mobiles, real estate, cars, services, jobs, entertainment, furniture, electronics etc

SnapDeal
snapdeal.com
It is among one of the largest e-commerce stores in India closely following Flipkart in terms of volume of sales and customer base. It has been able to provide the most competitive rates in the online retail industry making it a preferred online retailer for many. It was launched in February 2010. Snapdeal.com has a network of more than 50000 Merchants/Brands, and has over 20 million members (which is 1 out of every 6 internet users in the country) and caters to the shopping needs of customers across 4000+ towns and cities.


RedBus
redbus.in
redBus, also known as redBus.in, is India's biggest online bus ticketing company.The company also sells tickets through offline outlets. RedBus is estimated to have a market share of 65 percent. RedBus now faces stiff competition from many new players such as Mantis (Travelyaari), AbhiBus and SimplyBus, but it is believed that none of the other companies have the convenience or bandwidth of Redbus’ offerings that combine consumers, operators and travel agents.It was started in 2005.

Make My Trip
makemytrip.com
Make my trip is an online ticket booking agency established in 2000. It has a major share of customers in flights and bus ticket booking. It faces close competition with Yatra.com which is a relatively newer player. Makemytrip.com offers the following booking services : airline, railway and bus tickets and reserve hotel rooms and car rentals throught call center/internet.maketrip.com visitors also have the option of Car rentals in popular Indian cities

Yatra
yatra.com
It is an Indian online travel agency and a travel search engine based in Gurgaon, Haryana. Yatra.com offers its customers domestic and international flights, weekend getaways, rail tourism packages, holidays, hotels and trains. The website also offers various time-bound deals from time to time. Founded by Dhruv Shringi, Manish Amin and Sabina Chopra in August 2006. By the way stake is owned by Network18 in this company and Salman Khan is their brand ambassador.


Myntra:
myntra.com
Myntra was established by Mukesh Bansal, Ashutosh Lawania, and Vineet Saxena in February 2007. All three are IIT alumni, and have worked for several start-ups. Myntra is headquartered in Delhi and has been funded by Venture Capital funds like IndoUS, IDG & Accel Partners.  It began its operations in the B2B (business to business) segment with the personalization of gifts, which included T-shirts, mugs and caps to name a few. However, in 2010, the company shifted its strategy to becoming a B2C (business to customer) oriented firm, expanding its catalogue to fashion and lifestyle products.

Ibibo
ibibo.com
Ibibo which stands for iBuild, iBond, is an Indian social networking site. It is an umbrella site that offers a variety of applications under its social network.Ibibo was founded in January 2007 by Ashish Kashyap who had formerly served as the Head of Indian Sales and Operations for Google. It has a number of companies under the brand. The key portfolio organizations of the group are Goibibo.com (Online Travel);  Tradus.com (Online Marketplace); PayU.in (Online Payments) & Gaadi.com (Auto Classifieds).

Book My Show
bookmyshow.com
Its India's largest ticket booking site for Movie Tickets, T20 Tickets, Music Concerts, Sports, Plays, Events, Theater, Cinema & Match Tickets. Apart from this it also has information about Cricket Schedule, Match Reviews, Movie Reviews, T20 Match News. Network 18 invested in this company in March 2007. It sells 1 Lakh (a hundred thousand) tickets in a single day on an average.

4 comments:

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