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These Successful Startups By IIT, IIM And BITS Alumni You Were Not Aware About

| Published on August 5, 2017

Indian startups are a growing network in the present market. In the last few years, this industry has blossomed heavily. India has emerged as the third largest start-up base and such ventures will grow 2.2 times to reach 10,500 by 2020 according to reports.

The startup ecosystem is becoming a ground for innovations and new ideas for the Indian market. The greatest contributors to this community are the ones from renowned institutes of India like IIT, IIM, and BITS. Here we list for you such start-ups that have created a storm in the Indian market in past few years from this well-known Institute alumni.

1. TaxiForSure

It was started back in 2011. Radhakrishna and Raghunandan G are both IIM Ahmedabad Graduates who launched this online platform from where people can rent taxis. They have partnered with 25 cabs in Bangalore and 15 in Delhi including branded operators like Mega Cabs and Cell Cabs. It has done huge profits in Bangalore with operating 550 local cab operators. The founders expect their platform to grow more in the upcoming years.

2. RedBus

Phanindra Sama along with his BIT batchmates Charan Padmaraju and Sudhakar Pasupunuri started this venture. It is now one of the largest bus ticket booking platforms with 2,000 bus operators covering over 100,000 routes across countries. Founded back in 2006 it was sold to Ibibo in 2013 for an estimated Rs 600-700 crore which was the biggest acquisition ever. Now the app has 7.5 million users and sells almost millions of tickets. Initially, they had computerized and worked on seat booking and cancellations but including a software that directly links to RedBus portal was a huge success.

3. TravelTriangle

No less than a movie plot story where two childhood buddies and batchmates of IIT who left their job to start an online travel services company. Sankalp Agrawal and Sanchit Garg flunked their jobs at Adobe and Yahoo to start from a garage in Noida with a model that links customers with travel agents who offer the best deals. They actually advise a customer with three travel agents and they give them a deal and then the customer chooses the best among them. They were later joined by their another childhood friend from IIT Guwahati.

These Successful Startups By IIT, IIM And BITS Alumni You Were Not Aware About

4. Flipkart

Who doesn’t know about this name now? Did you know it took almost 6 years by Sachin Bansal to set this platform and make Flipkart the largest online retail brand? He is an IIT Delhi alumnus who along with his friend Binny Bansal started Flipkart in a small flat in southeast Bangalore in 2007 with just an amount of 4 lakhs. They both worked for Amazon before and now they have huge revenue turn arounds each year. They were the first to launch Cash-On-Delivery scheme and now it’s copied by all other sites. Recently they bagged Snapdeal too in a whopping deal.

5. Knowlarity

It is India’s first cloud telephony company. It has its headquarters now in Singapore. It was founded in 2009 by Ambarish Gupta and Pallav Pandey. Both the ex IITians left their job at McKinsey but used that experience to build up this venture. It has now multiple investors that made the company a huge success. It provides services to 65 countries across and also has 1500 company collaborations all around.

It all starts with a dream and a lot of courage and dedication to be different and do something. These men have done that!

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