Answer by Khushal Jaiswal:
There are several start-ups and mentioning each one of them is not possible,But i will mention few truly inspirational startups ,so grab a cup of coffee(if you need) and stay seated patiently because its gonna be a long answer.
The Billion Dollar Mu Sigma Story – with Founder Dhiraj C. Rajaram
It is befitting of a billion dollar company in the business analytics space to be named after the symbols of mean (Mu) and standard deviation (Sigma). Mu Sigma is one of the fastest growing companies in the world and has raised a gargantuan grand total of 163 million dollars in funding over its 9 years of existence. Mu Sigma also holds the unique distinction of securing the largest funding round ever by a business analytics company.
The accolades that Mu Sigma has accumulated over the years is a rapidly rising toll. But, like all great companies, the core of the company is built around the beliefs and ideas of an intrinsically curious person. Founder, Dhiraj C Rajaram, had a novel idea which bore no intentions towards entrepreneurship.
For its founder, Dhiraj C Rajaram, it all started because of three reasons: one, his unending urge to learn; two, to separate noise from signals – in terms of information that comes to businesses in their day-to-day life. And three, his belief that innovation in businesses is nothing but chance.
With these reasons and a dream in his heart Dhiraj started MuSigma in 2004. The beginning of the company was humble, but today it is a multi-million dollar company. There were others in that space when Dhiraj entered the fray, like IBM, Accenture etc but that did not deter him.
Dhiraj ranks hiring people in the initial years as his biggest challenge. “I was constantly begging people to join my company!”, he jokes.
After surviving four years on his own, Mu Sigma raised its first round of investment worth $30 million from FTVentures (now FTV Capital) in 2008. Subsequently, in April 2011, the company raised an additional $25 million from Sequoia Capital, followed by the third round of $108 million again from Sequoia and a private equity investor General Atlantic, which is the highest investment ever made in an analytics company.
Dhiraj admits that he hasn’t seen many downs during his journey with Mu Sigma. His problems were slightly different. He says, “We have been quite successful from the beginning. Having said that we had different reasons to shut the shop. Some very big companies wanted to buy us out. That was quite enticing. But that’s actually when your belief gets tested. What I felt immediately after even thinking about those offers was some sadness because I thought if I sold out, the idea might die.”
How the Mumbai floods of 2005 made an entrepreneur of mettle: Shiladitya Mukhopadhayaya
The Fateful Night of the July 27, 2005
The 2005 Mumbai floods are remembered for the destruction it caused but also for the resilience of Mumbaikars. The city was caught in a shock by nature’s fury but the city as a whole got together and worked things back into place. And this resilient spirit is deep ingrained in Shiladitya as well. He was at a friend’s place when the incessant rains began. This friend happens to be , Shiladitya’s batchmate and now co-founder of technologies.
Shiladitya couldn’t go back home that night and the havoc that was being created outside, got the duo in an introspective mode. They conversed about the strong urge to not fall for the ‘corporate trap’. Everyone has these talks at one point in time but the duo acted upon it. Things were hazy till then but that night put things into perspective. A company took birth.
Sahil is a very resourceful guy and liked what Shiladitya had thought about RFID. Raising some money from their families, the duo started up Rasilant technologies- a Global Automation Solutions and System Integration Services company.
The Growth Story
Rasilant is a B2B company that has undertaken more than 35 major projects till date including Bajaj Auto, Reliance (multiple companies) and IL&FS. “We basically help companies automate their internal processes,” says Shiladitya. The market was almost non-existent when they started up in 2005 but has picked up since then and now Rasilant is a formidable name in the industry. A 36 member team, Rasilant clocked INR 24 crores in revenues last year with profit margins of around 10% most of which again goes into the business.
The online shopping giant Flipkart:The journey of Sachin and Binny Bansal
Alexa rank 7, fresh capital of $1 billion, 14000 employees and day by day inching towards becoming .Sachin Bansal , 33, he surely does have multiple reasons to celebrate his success but there’s much more to the story beyond these numbers.
Sachin admitted in an that starting Flipkart is the most ridiculous thing he has ever done and everyone around him thought that he was out of his mind.
Initially flipkart started selling online books only.They used to stand outside a famous book store and distribute flipkart bookmarks to the customers coming outside of the book store with books in their hand.
And now ,from handling bookmarks to handling a multi billion dollar company,surely make its founder proud of their company and their decision.
I will stop with these three recent startup examples which instantly struck my mind after reading this question.
P.S.:They might Not be the biggest startups but they are surely inspiring.For more stories you can click at sources.