Running a business efficiently is a work of absolute passion and dedication. Every entrepreneur dreams of taking their business to greater heights. Therefore, if you are an individual with an innovative idea, it is essential that you sharpen your business skills prior to plunging into your entrepreneurial journey. Having a proper understanding of the business will ensure that your startup survives the market competition and emerges successful in the long run. Before establishing your startup, you must take care of various aspects such as the source of financing, business model, marketing strategies, etc. You must also gather proper insight into the market, analyze your competitors and research your target audience before starting your business. The more prepared you are, the better will be your chances of establishing a successful startup.
Any idea that appeals to the masses can severe as a potential business prospect. Therefore, if you have an innovative idea in your mind, make sure that you provide it a much-needed platform. A creative idea combined with entrepreneurial expertise can help you establish a profitable and successful business. Below, we are going to have a quick look at some of the most successful startup stories in India. These startup stories will certainly inspire you to work on your idea and establish your own business.
Launched in the year 2008, Zomato has become a household name in today’s time. Founded by Deepinder Goyal and Pankaj Chaddah, this food delivery and restaurant aggregator startup became one of the most promising internet companies within just two years from its inception. Over the years, Zomato gained international recognition. In today’s time, Zomato has become a global name with presence in more than 24 countries across the globe. One of the main reasons that contributed to the success of Zomato is that it kept building its customer base by adding new restaurants day-by-day. Apart from food delivery, Zomato also focused on adding reviews of the restaurants. This also increased the popularity of Zomato. Moreover, Zomato made optimum use of technology and promoted itself effectively on social media. It also introduced its mobile app which enhaced its acceptance amongst millennials.
Founded by IIT graduates Bhavish Aggarwal and Ankit Bhati, Ola has made cab booking very convenient and affordable. As a result of ola cabs, travelling in a cab now costs comparatively less than travelling in an auto-rickshaw. Founded in the year 2010 as an online cab aggregator, Ola has now expanded its business to a network of more than 1,500,000 drivers across 250 cities. In September 2018, Ola marked its international presence by extending its operations in New Zeeland, and in Australia in January 2019. In March 2019, Ola started with its UK operations introducing auto-rickshaws in UK. All of this began with a simple idea of providing better services while travelling to the consumers after the co-founders had a really bad experience while travelling in a rented car.
Flipkart is a name that has become synonymous with online shopping. Flipkart was one of the first companies to tap the online market in India. This has contributed significantly to its tremendous success. Founded in the year 2007 by Sachin Bansal and Binny Bansal, Flipkart has made it to the top five global billion-dollar start-up club. There are a host of things ranging from home appliances, electronic devices, apparel, and jewelry, etc. that can be purchased over Flipkart.
Founded by Deep Kalra, MakeMyTrip is an online travel company that has brought a significant revolution in the travel industry over the past few years. The various services provided by MakeMyTrip include flight tickets, rail and bus tickets, cab service, and hotel booking service. MakeMyTrip also has a travel mobile applications supported on iOS, Android as well as windows phone.
MakeMyTrip was originally launched in the US market in the year 2000 with a primary objective to cater to the needs of NRIs for their Indo-American trips. In the year 2005, MakeMyTrip started its operation in India. Over the years, MakeMyTrip has gained worldwide recognition and innumerable rewards. MakeMyTrip has gained international recognition and has offices in various cities across the globe such as New York, Singapore, Kuala Lumpur, Bangkok, and Dubai.
Founded by a group of 12 IIT graduates, Housing.com is a Mumbai-based real estate search portal which helps the potential home buyers to search for housing based on geography, number of rooms, and various other filters. Over the years, Housing.com has gained massive popularity and currently, it serves 40 cities in India including Delhi, Mumbai, Bengaluru, and Kolkata.
The above-mentioned startup stories will certainly be a morale booster for you if you are planning to start your own business in the near future. Since establishing a business running it efficiently would require a substantial amount of capital, you can consider availing a business loan for the same. It is recommended that you should compare various loan offers provided by different financial institutions before availing a business loan. This will allow you to avail a business loan that best suits your needs. Make a note of the interest rate carefully before availing a business loan. Lower the interest rate, lower will be the overall cost of borrowing in the long run. Business loans available at Finserv MARKETS have attractive interest rates. Moreover, business loans at Finserv MARKETS are unsecured. Thus, you don’t have to pledge any collateral while availing the loan amount. This would keep your valuable assets safe if you fail to repay the loan amount within the stipulated time.
After you have established a business, you should protect your assets by insuring them. Any kind of lawsuit, theft, or other related unfortunate events can cause serious financial damage to your business. Therefore, it is advisable to prevent this situation entirely by buying an insurance policy that will cover all the potential issues that you may face.
Additionally, you can also protect your business loan liability with customized insurance plans. So why wait? Avail a business loan and take the first step towards establishing your dream startup today.
Read more about Government Schemes for Start Ups
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