Indian successful web entrepreneurs

This decade has been boom to the Indian web entrepreneurs. Small ideas have got converted into big ventures.. million dollar companies and left behind is lots inspiration to this young generation.

Ideas, hard work and innovation can take you to any extend.

Here is the list of few success web entrepreneurs stories.

Flipkart  

In just seven years of starting from scratch, Sachin Bansal and Binny Bansal, co-founders of India’s e-commerce posterboy Flipkart, have outgrown the financial success of several iconic Indian businessmen.

It didn’t take decades for the duo, who are unrelated to each other, to cross a combined net worth of $1 billion, like it had for technology stalwarts like N R Narayana Murthy and Nandan Nilekani, both of Infosys.  

At the time of raising $1-billion last year, the Bansals’ combined stake of around 15 per cent in Flipkart was valued at Rs 6,000 crore (Rs 60 billion).

Murthy, along with his family, had a net worth of around Rs 8,500 crore (Rs 85 billion) at the time, while Nilekani and his family’s worth stood at around Rs 6,500 crore (Rs 65 billion).  

The story of how the two men started with just two laptops and grew to its current size is inspirational.

They were not only able to ride India’s robust consumption story, but also earned the investors’ willingness to place their bets on their company. In 2014, this resulted in Flipkart raising close to $2 billion.

Zomato  

They didn’t choose the route of big fund-raising like their Indian peers in the consumer Internet space, but Deepinder Goyal and Pankaj Chaddah are clearly focused on establishing their seven-year-old company, Zomato, as a global leader in the online restaurant search business.

Currently valued at around $700 million, experts estimate that Zomato is all set to enter the billion-dollar club in 2015, setting the stage for the founding duo’s combined net worth to touch a billion dollars over the next few years.  

The two former Bain & Co executives have taken the Gurgaon-headquartered Zomato, which began in Goyal’s bedroom, to its current status through global acquisitions, buying out companies in the US, Turkey, Italy, New Zealand, Poland, Slovakia and Czech Republic.  

In six funding rounds, Zomato has raised $113.8 million from three investors, most of it coming from online classifieds and e-commerce company Info Edge, with venture capital funds Sequoia Capital and Vy Capital participating in later rounds.  

Ola

If sources are to be believed, the valuation of mobile app-based taxi aggregator Ola (formerly OlaCabs) doubled in the first six months of 2014.

That would put the Bengaluru-headquartered company, started by Indian Institute of Technology-Bombay alumni Bhavish Aggarwal and Ankit Bhati, among the fastest growing technology startups in the country.  

While Aggarwal and Bhati have kept a low profile, their venture was in the limelight when it entered the $1-billion valuation club late in 2014, just three years after its inception.

In addition, Ola attracted funding of $210 million from Japan’s richest man, Masayoshi Son, the chairman of telecom and media group SoftBank Corp. Ola has so far raised $276.8 million from nine investors.  

Aggarwal and Bhati, both in their late-20s, have not only created landmarks in terms of valuation, but also set records in terms of growing their business: Ola entered nine new cities in a span of 45 days between October and November last year.

The company now has a presence in over 67 cities, and has an ambitious plan to expand to 100 cities by the end of 2015.

Aggarwal’s dedication towards his idea reflects in the fact that along with his wife, he has pledged never to buy a personal vehicle and always use Ola for transportation.

Besides, they are already known for their philanthrophy.

In 2014, Aggarwal accepted the “ice-bucket challenge” from Vikas Malpani, co-founder of Commonfloor, and Kunal Bahl of Snapdeal, and donated an undisclosed amount to the Akshaya Patra Foundation, which provides mid-day meals to 1.4 million children every day.

InMobi 

On February 11, InMobi announced that it had become the first mobile advertising company to reach over one billion unique mobile devices.

“To put that in perspective, it is as big as India’s population,” said an excited company spokesperson.

“Or for that matter, remember Facebook has over a billion mobile users on its network.” Working in the enterprise segment, which attracts far lesser attention than consumer Internet companies, the four founders of InMobi — Naveen Tewari (see left), Mohit Saxena, Abhay Singhal, and Amit Gupta — have slowly but steadily built a business that is today a big competitor for Google.  

Often referred to as “the next Infosys”, InMobi was founded in 2007 by the four Indian Institute of Technology alumni.

It is among the top three mobile advertising firms globally and has business across nearly 200 countries, with revenue estimated at $200 million for 2013.

According to sources, InMobi clocked revenue growth of over 40 per cent over the last six months and is currently valued between $2.5 billion and $3.0 billion.

While there is no clarity on the stakes held by the founding quartet, an industry insider says, “SoftBank owns one-third of In-Mobi, but the founders also have a substantial share.”

TaxiforSure

Business: Aggregates car rentals and taxis

Radhakrishna and Raghunandan G, both IIM-Ahmedabad graduates, launched Taxiforsure in 2011 as an online platform through which consumers can rent taxis. The company has partnered with around 25 cab operators in Bangalore and around 15 in Delhi, including branded operators like Mega Cabs and Cell Cabs. 

The company, which claims to have reached operational profitability in Bangalore, has also done its own branding on about 550 cabs that are operated by small local operators. The past couple of years has seen the launch of a number of online and mobile based taxi booking services.

The two cofounders expect their company to earn revenue of Rs 100 crore by fiscal 2015. 

RedBus

Phanindra Sama was 25 when he founded the pioneering venture together with his BITS Pilani batchmates Charan Padmaraju and Sudhakar Pasupunuri. In June 2013, they sold redBus to the Ibibo Group for an estimated Rs 600-700 crore, the biggest overseas strategic acquisition of an Indian internet asset.

RedBus now sells over a million tickets a month, and the gross value of transactions on the site last year was about Rs 600 crore, up from Rs 350 crore the year before.

Given the operators' wariness to computerize, redBus initially worked on the basis of seat quotas from operators, and returning unsold seats within a defined time before the departure of the bus. Three and a half years later, they introduced a bus ticketing software for the operators that could link to the redBus portal. To their utter surprise, it was a phenomenal success!

Snapdeal

At 25, Wharton graduate Kunal Bahl quit his cushy Microsoft job based in Seattle and even convinced his IIT Delhi alumni Rohit Bansal to take a leap of faith in 2007. 

Bahl originally launched Snapdeal.com as a daily online deals site and was often touted as India's answer to Groupon. The model has, however, changed and is today one of India's largest online marketplace. 

The company boasts of 20 million members, 500+ product categories and 20000+ sellers. It is backed by leading global investors such as eBay Inc, Intel Capital, Bessemer Venture Partners, Nexus Venture Partners and IndoUS Venture Partners.