League of champions
Five independent businesses have grown without taking external funding
Independent businesses
Five independent businesses have grown without taking external funding
Building a scalable bootstrapped business is possibles. Indian bootstrapped businesses are challenging the leading funded startups. Only 1–2% of Indian startups receive venture capital funding.
Out of 50,000 startups, only 766 startups could get funding. For the rest bootstrapping is the norm. Yet, independent businesses are challenging the funded startups. They have the ability to win customers and earn revenue.
As per Bplans: About 6 million new businesses start up in the U.S. in an average year. Of those, only about 70,000 startups get angel investment, and fewer than 5,000 get venture capital. And banks lend SBA-guaranteed loans to fewer than 100,000 startups per year, often requiring things like your house as collateral.
Meet five Indian bootstrapped champions:
Great Learning: Mohan Lakhamraju, Arjun Nair, Hari Krishnan Nair started Great Learning in 2010. It offers online courses to professionals. It has trained 3lakh people and 16 thousand employees.
Posist: Sakshi Tulsian and Ashish Tulsian founded Posist in 2011, a software as a service (SAAS) business. They offer end to end software solutions for restaurants. Brands such as Taco Bell and Punjab Grill are its clients.
SignEasy: Sunil Patro founded SignEasy in 2010. It offers mobile first solution for digital signature and form filling. It has 1,40,000 customers in 180 countries.
Gametion: Soni Kumari and Vikas Jaisawal launched it in 2010. Its flagship product, Ludo King has 50 million active users in India. It is India’s most popular casual game.
Charts.com: Pallav Nadhani started it in 2018. It offers visual analytics tool, which businesses can use to visualise data.
Bonus: World’s best bootstrapped dosas Link