This is yet another e commerce company of Indian origin that has been founded in 2010 by two early life bosom pals, Kunal Bahl and Rohit Bansal. The initial idea of Snapdeal was a coupon site, drastically inspired by Groupon Inc. But later, in 2011; they deflected their commercial model to an online advertising and marketing portfolio, merchandising all feasible goods from clothes to add-ons to electronics and what not. Despite the brittle competitors it’s been receiving from Amazon and Flipkart, the agency has created its own steps against the sky. Recently when Snapdeal grabbed hold of Freecharge and taken it under its handle, traders like Sequoia Capital India, Sofina and Tybourne Capital also became shareholders of Snapdeal.
The name of the agency, “Mu Sigma”, has been derived from the conglomeration of two greek letters, mu and sigma, standard in Maths and Statitics. As a control consulting firm, primarily supplying analytics amenities, this Indian origin startup was based by Dhiraj Rajaram, a former strategy consultant at PricewaterhouseCoopers and Booz Allen Hamilton, in the year of 2004. With its headquarters established at Chicago, this data analytics consulting firm helps in the elucidation of customers query with assistance from a huge database, contrived by the knowledge it assembled from its clients. The report as portrayed by IDC is indicative of the indisputable fact that the information growth rate is 40% and with this rate it will reach a gigantic memory size of 44 trillion gigabytes by 2020. It has offered a stiff competition to businesses like Cognizant Technology Solutions, Tata Consultancy Services, Latent View Analytics and lots of more. Quikr is an commercial based Indian startup that has successfully made into the billion dollar club.
Quikr was based by Pranay Chulet and Jiby Thomas in 2008 with its headquarters established at Bengaluru. In November 2005 Kijiji India was launched and was owned by Kijiji International, an eBay Inc subsidory. Later in 2008, Matrix companions India, Mumbai based undertaking capitalist had invested in Kijiji, which made the company unbiased and was rebranded as “Quikr”. An easy and impromptu way of selling and buying goods and services through an online commercial platform has always remained the sole motive of the agency. India’s biggest Taxi hailing company, Ola cabs, was started by Bhavish Aggarwal and Ankit Bhati, two alumni of IIT Bombay on 3rd December, 2010.
It started out as a cab aggregator in Mumbai but almost immediately it has reached out to more than 50 cities around the country. Ola is considered to be one of the main a hit startups in India. It provides an end user provider where the users book their cabs through a mobile based application. The number, type and diversity of cabs offered are such that it succumbs to each possible range requirement. Recently, the agency has taken over Taxi For Sure TFS, an alternative cab aggregator of Indian origin.
Paytm or Pay through Mobile is yet an alternate app based Indian unicorn startup, founded by Vijay Shekhar Sharma in 2010 with its headquarters observed in Noida, India. It is owned by One97 communications. One97 communications was started in 2001, an era when cell phones had just started getting into the lives of common people in India, and served as a domain acting as a content providing platform, even permitting users an easy top up on their mobile phone numbers. Later on it added some more characteristics to the current site and prefer adding bill charge and e trade and baptized the agency as Paytm. Features like booking bus tickets and booking movie tickets were added in 2015 and 2016 sequentially.
Some of its major rivals are PayU, Mobikwik and Oxigen Wallet. It is taking a couple of steps and participating with all possible small and big avid gamers to revolutionize the best way we see payments. InMobi was based the Naveen Tewari in 2007 that’s in fact a mobile advertisement and discovery platform. It has its headquarters in Bengaluru. InMobi was at the beginning began as an SMS based search platform called mKhoj but later in 2007, it shifted to a commercial model that could be scaled better than the preceding one and named it InMobi.
It also won a spot in the 50 most disruptive companies of the realm in MIT Technology review. The biggest Tech giant agencies, Google and Facebook are the foremost rivals of InMobi.