The Indian IT sector is one of the largest contributors to the economy of the country. Various start-ups have entered into this information and technology space and have proved to be an excellent business. These start-ups have replaced the traditional methods of payment and purchasing products. Here are some Indian IT start-ups and their success stories.
RazorPay is an online payment gateway that allows merchants to collect their payments through cashless methods; which include debit or credit cards, net banking, or digital wallets. The users are verified for their identity and the process is completely authorized. It was founded by Harshil Mathur and Shashank Kumar in the year 2013. RazorPay also supports payment across different platforms, auto-updates of newly added features.
Nykaa is recognized as India’s biggest beauty app with thousands of brands and many more products for fashion. They even have offline stores in various parts of the nation to enhance their public reach. The company got huge success because they focussed on a particular niche that was never explored before. Falguni Nayar, an IIM Ahmedabad pass-out founded Nykaa in 2012. The extensive marketing strategies deployed by the company make sure that every beauty enthusiast gets the news and makes a purchase.
Cars24 is an online marketplace for used cars. It facilitates the purchase and sales of used cars in one hour following a single visit to the platform’s branches. This platform also provides services like RC transfer and authorization. Vikram Chopra, Mehul Agrawal, Gajendra Jangid, and Ruchit Agarwal established this company in the year 2015. They noticed that the used car industry was facing some serious issues for a long time. The procedures were time-consuming and no technology was being adopted to determine the price of a used car. Hence they came up with this technology with turned out to be a revolution.
FirstCry is an online and offline brand that provides a wide range of products for babies and mothers. Their objective is to make the best baby care brands accessible to parents. Various categories are present on their platform like feeding, skin and healthcare, toys, accessories, diapering, and many more. The company was established in 2010 by Supam Maheshwari and Amitava Saha. They realized the huge opportunity for an online platform in the Indian market that would give Indian parents access to the best baby care brands from across the globe.
Crafts Villa.com is an initiative to connect buyers and sellers in the handicrafts and handmade clothing market in order to improve the incomes of unprivileged sections of society. They are selling ethnic wear and accessories on its online portal since 2011. It was launched by Manoj Gupta and Monica Gupta. This platform aggregates artisans, designers, and retailers from all around the country on a single platform and directly connects local artisans and designers to global customers over the world.