Tuesday, September 11, 2018

Indian Entrepreneurs who made a fortune out of the internet | Tikona


India is seeing a tremendous growth in the e-commerce sector and a lot of companies have used the innovation in this field to their advantage and have emerged successful. More and more start-ups are born in India today and rapidly growing in the online space. A few entrepreneurs have successfully launched their business using the internet and have made a name for themselves in the market.

A few successful Indian entrepreneurs who have made a fortune out of the internet are:

·       Sachin Bansal and Binny Bansal:
Sachin Bansal and Binny Bansal are both originally from Chandigarh and studied computer science engineering at Indian Institute of Technology, Delhi. Although they both share the same last name they are not related. Sachin and Binny initially worked together in the same company before starting their own e-commerce start-up from Bangalore called Flipkart. In 2007 the platform started off with selling books online but eventually through numerous acquisitions it today sells a wide array of products from electronics to clothing and is one of the most famous e-commerce site in India. They provided the ease of ordering products online without going to a physical store and they used the internet to reach thousands of customers.

·       Deepinder Goyal and Pankaj Chaddah:
Deepinder and Pankaj founded an online restaurant search and discovery service app, Zomato, in 2008 to help customers find online menus of their favourite restaurants and discover new restaurants in areas near them. Deepinder and Pankaj both graduate from IIT Delhi and moved on to work at the same consulting firm after graduation. While working they struggled with finding restaurant menus in the office and that’s when they come up with the idea of providing menus of restaurants online on one platform making it easy for users to choose what they want to order. They used the accessibility of the internet to solve a simple problem and come out with an app to provide restaurant reviews, online menus and food delivery service to people in India and in a few other countries around the world.

·       Bhavish Aggarwal and Ankit Bhati:
Bhavish and Ankit both studied computer science in Bombay and worked at different companies and start-ups before starting an online transport network company in 2010 called Ola Cabs. Their dream was to use the online model to provide good quality transport to every Indian and came up with an idea to allow people to order a cab right to their doorstep through their website or mobile app. The company operates in about 100 cities in India and temporarily experimented with auto-rickshaws as well on their app to help rickshaw drivers get more customers. Their cab hailing app is successful in India and has managed to change the way people travel in cabs.

·       Falguni Nayar:
Falguni found an e-commerce site called Nykaa that sells multi-brand beauty and wellness products to customers in India. Founded in 2012, Nykaa has become popular among women between the ages of 22-35 years who love the ease of shopping online. With the success of the different brands retailing on the site, Falguni has introduced an in-house beauty brand selling nail enamels in 2015. The success of the online site enabled Falguni to start brick and mortar stores in India successfully selling various beauty products. Seeing the emerging trend of online shopping in India, Falguni saw the opportunity and scope of the expanding market and succeeded in the venture. She has won many awards for her entrepreneurship.

The internet has opened doors for us to reach out to people across India and other countries and build an online presence that will help you earn money and build an online company. Starting an e-commerce company, like the entrepreneurs mentioned above have done, is a great way to make use of the latest technology to make products and services for people and another way to do it is individually using your extensive knowledge about a subject or extraordinary skills and talent you can start a blog or an online channel or a podcast and gain a huge audience. You do not always need to have a well-established company with multiple employees to be successful online. If you are able to engage your online audience and create a fan following you can monetize your online content and earn a living. Many Indians have been successful online on different social media platforms like YouTube and Instagram and there are many bloggers too in the field of beauty, fashion, cooking and entertainment.

If you have unique idea and would like to start trying your luck online, you can start small at first from your home and them maybe collaborate with experts in the field and move to a small private brand. The advantage of using the internet for work is that the initial costs to set up are relatively low. Investing in a reliable and cost effective internet connection will ensure smooth operations and a more efficient work environment. Internet service providers such as Tikona provide secured wireless broadbandinternet services to home and enterprise customers across India’s 25 top cities. They have reliable internet connection with different internet plans to match everyone’s needs at competitive costs. You can check out the pricing and details here.

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