Bootstrapping is a situation in which an entrepreneur starts a company with personal finances. Bootstrapping can be beneficial if an entrepreneur maintains control over all decisions. They need to know how to manage people, how to build things, how to acquire early customers etc., before starting to look out for investors. By bootstrapping and being profitable & scalable, a startup will have higher chances of being chased by investors and get backed at higher valuations.
Here are 5 Indian startups who are bootstrapped so far, and inspiring thousands of other young entrepreneurs with their success.
Startup Name: DrivoJoy
Description: DrivoJoy was launched in August, 2015 with the vision of empowering people with an approach to auto repair and maintenance. It is an on-demand 2-wheeler servicing & repair platform that enables users to have their bikes repaired at their doorstep.
Product: DrivoJoy is a Gen-x way to get bike repaired – whenever and wherever user want it. Users can book an appointment or can schedule up to a week ahead and one of its mechanics will fix their bikes at their doorstep.
Team: The startup was founded by Aman Singhal, CEO (IIT Bombay, Ex- Olacabs), Vishwanath Kollapudi, COO (CFA, Ex- Olacabs), Ravindra Akella, CTO (NIT Raipur, Ex- Microsoft).
Traction: It has serviced more than 1000 bikes so far and currently doing 250 bikes per month. The startup is exclusive service partner for Zoomo and Shadowfax. It generates a revenue of Rs. 5 lakh per month.
Startup Name: indibni
Description: indibni has three “I” which stands for India, Innovation and Individuality. The vision behind this is to reach individuals in and around India as Innovators by providing various design solutions.
Product: indibni is a design company, deals in exclusive gifting products and branding services. Its products are available on almost all major eCommerce platforms like Amazon, Flipkart, eBay, Snapdeal, Fabfurnish, PayTM etc, some outlets of retail chains like Crossword, Poparazzi, Shopper’s Stop and customers from all around the globe.
Team: The startup was launched by Nitin Jain, Ankit Jain and Khushbu Mathur. Nitin is a postgraduate in Animation and Design from BIT, Jaipur. Khushbu is a graduate in Crafts & Design from IICD (Jaipur).
Traction: indibni’s most of ready to buy products are ranged between Rs.150-1500 per piece and buyers are youngsters aged 13-30, living mostly in Indian metro cities. It has processed orders from over 50+ cities in India.
Startup Name: QuackQuack.in
Description: QuackQuack is an online dating app (Web and mobile app) helping Indian singles with similar interests mingle and meet offline.
Product: On QuackQuack.in, users can message, chat and checkout users who liked their profiles. It also provides a facility for busy users to create and contact their matches without logging in to the website / app everyday. They can simply create their auto message senders to express interest and send messages to potential matches which gets sent on their behalf everyday by the system.
Team: It was founded in 2010 (pre-Tinder) by Ravi Mittal. The startup consists of 15 members team that comprises of developers, designers, moderators and digital marketers.
Traction: QuackQuack crossed crossed 1 million registered users in July, 2015. Also, it crossed 130,000 Android app downloads in 9 months. The company receives over 5 million pageviews on website per month and more than 4 million screen views on app per month. Using its platform, more than 1 million chats exchanged per month.
Startup Name: Snackible
Description: Founded in 2015, Snackible want to revolutionize the snacks market by selling healthy snacks at affordable prices and with convenient access.
Product: The startup is a healthy snacks company bidding to revolutionize the Indian snacking industry by introducing to the market a premium range of healthy snacks through multiple channles of sales.
Team: Aditya Sanghavi – Founder and CEO; Core Team: Aman Tuljapurkar – Heads Business Development; Arjun Mehta – Heads Marketing; Ketki Parab – Heads Operations
Traction: It served customers in 40 cities, over 6,000 orders processed in the last 5-6 months.
Startup Name: Itzeazy.com
City: New Delhi
Description: Founded in 2013, Itzeazy is a marketplace for Government Documentation required in day to day life, providing an online solution.
Product: The startup was launched with the motto of ‘Simplifying Lives‘, offerings are designed to cater to both individuals and corporate. It offers assistance in Passport application, Passport renewal, Marriage Registration, VISA, Immigration, Tours & Travels, RTO Consultancy and Driving Licence Preparation in New Delhi and NCR.
Team: Himanshu ( Founder & CEO) MBA from MDI Gurgaon & B.Tech. from BIT Sindri 14 yrs of experience in service industry (Telecom &IT); Neelu Bhullar ( Advisor & Mentor ) & V P Singh ( Advisor & Mentor )
Traction: The startup has provided its services to more than 20,000 customers. It has made 8 corporate tie-ups with -Bank of America , IDFC Bank , Zyxcel , NCDHR , Becton Dickinson , B S Group, MC/BC studio , Shephertz and also made strategic alliances with gozoomo.com, seva60plus.co.in, jihuzoor.in and migrant.in.
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