Living in the 21st century bootstrapping in one of the most common terms we hear on everyday basis. Unlike the past generations’ major advantage for entrepreneurs today, is the availability of sources of finance. As quoted by Thomas Preston-Werner, an entrepreneur and software developer “Bootstrapping is a way to do something about the problems you have without letting someone else give you permission to do them.”
Given below are the top 10 bootstrapped startups in India:
1. Grab-on
Started by Ashok Reddy in the year 2013 is one of the most acclaimed startups. It offers offline coupons, gift cards, promo codes, and vouchers. It is a Hyderabad based company and was proven to earn profits within a span of 15 months. By the year 2020, it is expected to capture more than 40% of the gift card space.
2. FusionCharts
Founded by Pallav Nadhani in the year 2002, it is a Kolkata based startup. It is a leading industry for providing data visualization products like JavaScript charts, Maps, Widgets, and Dashboards. It earned a revenue of $4.5 million in the year 2010-11 and serves over 120 countries with more than 25000 customers.
3. Drivojoy
Founded in Bangalore in the year 2015 by Aman Singhal is a radio taxi startup. It provides the facility of bike servicing at the doorstep. It started with 400 bikes and is growing at a rate of 15% every week. It is preferred because it has a low-cost structure, asset-light and has tie-ups with spares manufacturers.
4. HappyFox
It is a startup founded by Shalini Jain in 2011. It converts email, phone, web and chat requests into tickets. It is based in Chennai and also in California. It is serving over 12000 companies across 70 countries with brands ranging from Lowe’s, LeapFrog, Whirlpool, etc.
5. Quack Quack
Founded by Ravi Mittal in the year 2010 is a Hyderabad based online dating and matchmaking platform service for single people. It has more than 1.5 million users with over 64 million message exchanges. It has competition with Hinge, Truly madly and Tinder.
6. Social Pilot
It is founded by Jimit Bagdiya and Tejas Mehta in Ahmedabad, Los Angeles and Munich in the year 2014. It is a social media scheduling and marketing platform and is designed to enhance the user’s efficiency of their online marketing strategies to save time and money.
7. Tradohub
Launched in the year 2014 by Akash Domadiya and Harsh Patel in Ahmedabad aims at solving raw material procurement issues for SMEs. It is a supplier of raw material to food, agro, pharmaceutical, chemical, and polymer companies.
8. Wingify
It is a Delhi based startup founded by Paras Chopra in the year 2009. It is known to develop the world’s best tools for optimizing a website. More than 4000 customers use the product at present.
9. Kayako
Founded by Varun Shoor a college dropout in Jalandhar in the year 2001. Even though they provide cost-free licenses for charity and have no external source of income, they are still profitable.
10. Snackible
Founded in 2015 by Aditya Sanghavi which offers natural fruits and roasted chickpeas. They use the method of baking instead of frying. It has a customer base of more than 38 cities and processes over more than 6000 orders.
