The soul of India resides in the potential of its people. The country where most of the population is youth is blessed with the people who have mind full of ideas and innovations; heart full of courage and dedication and hand full of hard work and potential, and when these all combine nothing can stop them from reaching the heights of success. This article is all about The Top Young Entrepreneurs of India and their innovations. We are going to talk about “The Top 7 Young Entrepreneurs of India” who have made their way to success through their out of the box innovations. The story of how these young heroes of Indian business world started with scratch, implemented the smallest ideas with their innovation and reached on the peak, is enough to inspire anyone. The common factor in these young entrepreneurs is that they used internet and technology in their business at its best.
So, let’s dive in the 7 success stories of 7 Top Young Entrepreneurs of India.
7 Young Entrepreneurs of India and Their Innovations
#1 Deepinder Goyal (Zomato)
The co-founder of Zomato, an online service for restaurant search, Dipinder Goyal is a Delhi IIT graduate with Integrated Masters in Mathematics and Computing in 2005. He used to work in Bain & company when the idea of starting online restaurant search venture strike through his mind. The thought first came when he was tired of waiting for the free delivery menu cards at lunch hours daily. The duo of Deepinder Goyal and Pankaj Chaddah started a website called Foodiebay.com in 2008 which initially served for restaurant menu cards online along with reviews and recommendations. In 2010 the name Foodiebay.com was replaced with Zomato.com. The interesting fact is that the name was adopted just because it rhymes with “tomato”. This website now has everything we need when we want a good meal outside. It helps in discovering best place for food around us and their location, provides menu cards, online table booking service, details about the services of restaurants as well as helping restaurants and food joints in bettering themselves.
In today’s context this website has marked its presentation in over 24 countries and covers more than 1 million restaurants.
By the time, this first global application of India, and the first Indian website of its kind is generating revenue of US$900 million with over 5000 employees.
#2 Ritesh Agarwal (OYO Rooms)
The mastermind behind OYO rooms, the guy of merely the age 23 showed the quality of being a great entrepreneur when he started selling SIM cards at the age of 13. At the age of 17 he left his studies in Indian School of Business and Finance to start his venture. He had joined The University of London’s Indian Campus where he took a one day leave at his third day in the college for a project and never came back. The journey itself started with journeys and travels. Ritesh used to travel all over the country. During his stays he faced the biggest problem in finding a good budget hotel with some basic needs and sanitations. This lead to his very first startup Oravel Stays in 2012. It was a website which listed up the budget hotels for the travelers and people how have to stay outside. Soon he discovered that availability of budget hotels was not the only problem. Most of the bed and breakfast (B & B) joints he used to stay in were far from the basic facilities. He was nominated for Thiel Fellowship which is started by Peter Theil (founder of PayPal) for the college drop-out entrepreneurs under 22 years of age. With this fellowship he got $100,000 for his startup along with training and guidance. This helped him making the bigger steps and this was the start of OYO rooms. This service provides better rooms with full sanitation, all the basic needs everything a person needs to stay comfortably. The inspiration of teens Ritesh agrawal is one of the youngest Indian entrepreneur.He is an author and a coder apart from his entrepreneur status and has achieved so mush recognition all over the world at a very young age.
OYO rooms now covers more than 7000 hotels in over 220 cities of India with the title India Largest Budget Hotel Chain and making its founder one of the top young Indian Billionaire.
#3 Bhavish Aggarwal (Ola Cabs)
Bhavish Aggarwal is the CEO and co-founder of the most popular online cab service. He is an IIT-Bombay guy and after completing his B-Tech with Computer Science and Engineering in 2008 he started working as Research Intern in Microsoft and later got reinstated as an Assistant Researcher. Before launching his startup, in his two years in Microsoft he filed 2 patents and got three papers published in International journals along with hosting a blog desitech.in which was all about status of technology in Indian scenario.
After quitting Microsoft he started an online travel agency which used to sell short duration holyday tours. While all this happening a bad experience with can rental pushed the Idea of Ola Cabs in his mind. Bhavish Aggarwal along with Ankit Bhati started this venture in December, 2010. Since then it is it is serving its clients by providing online can booking, on the time taxies with well behaved drivers and modern technologies. Ola ties up to the local taxies, auto and cab rather than buying and renting on their own. Ola as its name (derived from “Hola” a spenish word for Hello) tries to provide best service and behavior to their customers.
The company has a revenue of more than US$200 million with over 500,000 cab and drivers and has started opening institutes to skill their drivers. The figure is going to grow two to three million drivers in few years claims the company.
#4 Vijay Shekhar Sharma (Paytm)
The man behind India’s biggest electronic payment and e-commerce brand “Paytm” Vijay Shekhar Sharma is an inspiration for the lower middle class, Hindi medium youth. His initial education was from a government school of UP board. He was a topper in his school days but with minimal knowledge of reading and writing in English he couldn’t make it to the IIT. He studied Electronics Engineering from DU with special permission (he was underage). His weak English made him interested in Computers and coding. With facing all the hurdles he started his first website called indiasite.net which was sold on $1 million in 2001 when he was in his third year of engineering. After which he started One97 which was a value added service provider for telecom companies. One97 is the parent company of Paytm. Paytm (Payment through mobile) was started in 2010 by One97 as a prepaid recharge website and now has become the most trusted e-commerce and payment website. With the license of RBI they have started India’s first payment bank with the same name.
This company has now spread over more than 300 districts of India and they have a plane to make it to every single person of the country to achieve the dream of its founder of making India cashless. Vijay Shekhar Sharma who is among the Indian entrepreneurs who started with nothing is now one of the young billionaire and owner of a company of worth $3 billion and it is growing with every passing day.
#5 Swati Bhargawa (Cashkaro.com)
The small town girl from Ambala who was probably the first from her city who went abroad for studies. Swati Bharagawa is the co-founder of India’s leading cashback and coupons site Cashkaro.com. She has a graduate degree of LSE (London School of Economis) with Mathematics and Economics in 2005.she joined Goldman Sachs in London after graduation and worked in investment banking division for 4 years then she moved to the executive office where she managed the client engagement and relationship for the Co-CEOs of the company which enhanced her communication skills and boosted her confidence. In 2010 she quit Goldman Sachs and started her own cash back business “Pouring Pounds” in UK in July 2011 which was expanded in India in 2013 with a team of employees.
Swati along with her husband Rohan Bhargawa decided to make start up business in India by shifting here permanently just after a couple of month of launching their business in the country when they found a huge opportunity in the Indian market. This is how CashKaro came in life with a fund of US$750,000. 4 years after the launch of Cashkaro it has become India’s largest Cashback and coupon website and people love their work. With the investor including the big names like Ratan Tata and over 3 lakh registered users Cashkaro.com has a revenue of around $5 million and made its founder get on the place of one of the most successful women entrepreneurs.
#6 Sachin Bansal and Binny Bansal (Flipkart)
With same surnames, the partners Sachin and Binny Bansal share the only relation which is Flipkart, today’s leading e-commerce website of India which was started in October, 2007. This duo has made its way to the award “Asian of the Year 2016” by a Singapore – based newspaper, which recognizes entrepreneurs who have launched their business with the technological interface and are working far from the main stream traditional business model for the benefit of end consumers. Sachin and Binny Bansal both have studied in the same school in Chandigarh but surprisingly they came to know each other in IIT – Delhi where they completed their graduation in Software Engineering in 2005. Both of them worked together in Amazon after working in different firms.
The foundation of Flipkart was based on the fact that other e-commerce companies were not providing quality service to their consumers. The duo decided to work on their own to provide better services and make people’s experience with e-shopping a great one. In 2007 Flipkart was started with the fund of 400,000 INR which was invested by both in the ratio of 1:1 which has now become more than 1.5 crore per day. The first good they were selling was books by the time it now sells almost everything that a consumer can ask for.
The quality of goods and great consumer service is the only motto of this company. With less than a span of a year Flipkart was on the topmost position. With the constant growth it has became a worth of over $15 billion and they are in no mood to stop here.
#7 Harsh Agarwal (ShoutMeLoud)
At the end of the article the person we will talk about has not created any startup but is worth recognizing as one of the top young Indian entrepreneurs. Harsh Agarwal has graduated from Sharda University in engineer with IT stream in the year 2008. He had got a placement in one of the renowned IT companies Accenture by campus drive. He worked at a Gurgaon based call centre “Convergys” till he had to wait for joining the company. The guy was passionate about computing and technology which lead him towards blogging. He started writing on blogspot. With the great response after just 2 months in December, 2008 he finally started a self hosted blog on WordPress and purchased a host and domain by borrowing money from his friends and this is how ShoutMeLoud was started. He got his first income from it by fixing an SEO related problem and the amount was $10. This was the day when he realized that he can actually earn from his hobby. Later within four months or so he started earning the amount of around 35,000 per month. He quit the job offer of Accenture to become a full time blogger in June 2009. He write everything about blogging, internet, technology, SEO and other related subjects on his blog.
Harsh Agarwal is running almost 7 to 8 blogs with the parental blog ShoutMeLoud and the blog is earning around $50,000 per month with over 1.5 million views.
So, this is a very small list of successful young entrepreneurs of India who started and got success in a very young age. These business people are the inspiration for the youth who have great ideas and courage to make their own way.
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