You have probably heard about the BRICS. Those fast growing economies that are FDI friendly and quickly paving their way towards a brighter future. These countries are quick hosts to success and opportunity stories. In this article we are going to take you on a journey through the success stories of one of the BRICS members and a startup nation that we should pay a close eye on: INDIA!
India is not only the second most populated nation, the largest democratic country on earth or the home of billionaire and steel magnate Lakshmi Mittal but also an active contributor to the startup community. There have been 5 startup stories that suggest that as India continues to grow, its creative people will contribute more and more to the disruptive realm of innovation.
1. RazorPay
RazorPay is the second India focused startup to attract the attention of Y-Combinators new program $120,000 for 7% of equity. What made Y-Combinator and RazorPay match? RazorPay intends to disrupt! RazorPay aims to take online payments one step further by improving on the existing status quo. In relation to existing online payment mechanisms, RazorPay delivers a faster on-boarding process, embellished payment forms, easy to integrate application formatting interfaces, robust security, simple pricing and high conversion rates. A catch for anybody wanting to ensure that his online business is a joyful experience for the customer and the company.
2. Flipkart
India’s startup gem without a doubt is FlipKart. With a solid vision, Sachin Bansal and Binny Bansal created Flipkart in 2007 and spurred the rise of e-commerce in India. 7 Years later, Flipkart is valued at $12 billion dollars and earns a revenue of over a billion $ a year. Whilst competition is fierce in the e-Commerce sector, Flipkart is moving fast and consolidating itself in the Asian market.
3. Zomato
Imagine having a curated list of over 200,000 global restaurants in 35 cities across 11 countries. Now take that further and imagine being able to compare individual dishes in different restaurants. No need to imagine, Zomato is on the way to expanding there 200,000 list. What will ensue? Probably the biggest list of restaurant and plate reviews. With the backing of Sequoia Capital and Vy Capital, this 660 million dollar startup will soon disrupt the eat-out industry.
4. Druva Software
This boutique startup is small in numbers yet influential like no other. With just over 150 employees Druva provides high security data protection on an easy to use platform that minimizes IT costs.
Companies that have entrusted their security to Druva Software include NASA, Tesla, KPMG and Xerox. Considering that this companies together are valued several trillions, it makes sense to think that Druva Softwares has a bright future ahead.
5. iYogi
Founded in 2007, iYogi is the technical support you need to make sure your tech devices are running how they should. Imagine paying a monthly fee that would ensure access to over 4000 technicians prepared to fix every hardware or software problem your devices have? Not bad! That is what iYogi does. With over 3 million clients and 13.5 million issues resolved, this Indian born company is heading towards avenue success.
This are some of the success stories of the growing Indian country. A country with a lot to offer to the startup world as opportunities become more widely available to its creative and hard working people.
