10 Benefits of Working in a Startup

When you think of working in a startup, do you think it’s fun or long hours of slogging? There is no correct answer to this. Both of them could be true. But it’s important to not overlook the benefits of working in a startup. 

Before taking a final decision, don’t forget to consider these benefits of working in a startup. 

1. You’ll get to work with passionate entrepreneurs:

If you work in a startup, you’re going to be managed by passionate and talented entrepreneurs who have gambled everything for fulfilling their dream. Working under them will teach you more than you could have ever imagined and their guidance will take you places.

2. Wear many hats:

As a startup employee, you’ll be designated with many other roles outside of your job description. Although this could mean more stress and long hours, the experience and exposure gained from doing this is cannot be experienced in a corporate. 

3. A unique growth opportunity:

Best of the candidates are not motivated and driven by money. They are motivated by the opportunity to learn and grow. They understand that knowledge is money. In a startup, they can develop new skills and do things they wouldn’t have the opportunity to do elsewhere. 

4. Experience the startup culture:

The startup culture is more chill compared to the corporate culture in terms of dress code, rules and employee hierarchy. Have a problem that is not resolved? At a corporate office, you would have to go to your boss, and he would report to his boss and so on. But in a startup, ideas and problems can be discussed with the boss directly. 

5. Work that matters:

Working in a corporate in the initial stages of your career means you’ll probably be stuck doing some work that doesn’t really have any significant impact on the mission of the company.  But each startup employee is important and has a crucial role to play in the success of company. 

6. There will be ping pong and foosball: 

Obviously this is not guaranteed but usually the startup office atmosphere is a world away from the corporate office atmosphere. And if you happen to join a startup without a ping pong table, a few e-mails and a bit of money pooling among the colleagues can do the trick. 

7. Learn how to be an entrepreneur: 

Do you have a dream of starting your own company someday? Working at a startup will help you get closer to your goal because startup employees work together. This will help you understand and evaluate the decisions that are taken at the top level, middle level and lower level. Not only that, you also learn how to deal with all types of clients and understand how day to day business matters are handled. 

8. Working in a startup can be the equivalent of doing an MBA:

In MBA, you will be learning all the concepts but not implementing it practically. In a startup, you will be implementing it practically. You will be dealing with real money and real clients. Of course doing an MBA has its own perks but working in a startup can really increase your knowledge. 

9. Flexibility:

One of the main advantages of working in a startup is flexibility. The option of work from home, option to do their work on their own schedule and find a balance so that they can spend more time with their family, friends and their hobbies.   

10. Stock options:

Many startups offer stock options along with regular salary. This is a cool option because it will make you feel like an owner of the company. This can add as a motivational factor to work harder and learn more so that you can contribute to the growth of the company. 

So, these are some of the benefits of working in a startup. Hope you liked it.  

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10 Successful Startups From Delhi

10 Successful Startups from Delhi

Delhi is giving Bangalore a tough competition in becoming the hottest startup hub in the country with over 9000 startups and is leading the numbers game already. This article includes some of the most successful startups that grew from Delhi. 

1. Zomato

Founders: Deepinder Goyal, Pankaj Chaddah and Gaurav Gupta. 

Founded in: 2008

Industry: Food and Food delivery Industry.

Zomato helps users to search restaurants. It also provides information, menus, user reviews of restaurants and also has food delivery options from selected restaurants. If you’re a foodie, chances are you would have already ordered food using Zomato. They have also got into events, payment and grocery sourcing for restaurants. 

Deepinder came up with the idea of Foodibay (Zomato was first started as Foodibay) when his friends constantly asked for the paper menu of different restaurants to order food. So he created an app and put up a digital version of these restaurants menu in it. 

Zomato currently stands at a valuation of over $2 billion.

2. Snapdeal

Founders: Kunal Bahl

Founded in: 2010

Industry: e-commerce

Snapdeal is one of the oldest e-commerce companies in India. Initially it was a platform for daily deals. After seeing good success, the company expanded as an online e-commerce store in 2011. The company received its first funding of $12 million in 2011.

They sell electronics, mobile phones, men and women clothing, shoes, home and kitchen appliances, etc. 

Currently, the company is seeing a downward trend in sales. However, it is still one of the top e-commerce company in India. 

3. Mobikwik

Founders: Bipin Preet Singh and Upsana Taku 

Founded in: 2009

Industry: Fintech

Mobikwik is a mobile phone based payment system and digital wallet. Users can add money to an online wallet which can be used for payments. The company was started with a seed funding of $250k which was invested by Bipin itself. Subsequently, Mobikwik has received over $115 million in 6 rounds of funding. 

4. Hike

Founders: Kevin Mittal

Founded in: 2008

Industry: Social Media

Hike is an instant messaging platform for smartphones which needs internet for connecting with other users. In addition to sending text messages, users can send audios, videos, gif, voice notes, files, contacts and user location.  

Hike has raised more than $200 million from funding. 

5. Dogspot

Founders: Rana Athreya

Founded in: 2007

Industry: e-commerce

Dogspot is India’s largest online store for pet supplies. They supply food and accessories for dogs, cats, birds, fish and some small pets. Dogspot aims at making pet care and pet ownership easier. 

Funded by successful entrepreneurs like Ratan Tata and Ronnie Screwvala, the company has come a long way and has great potential to go further!

6. Inshorts

Founder: Azhar Iqubal, Anunay Arunav and Deepit Puryakshatha

Founded in: 2013

Industry: Media

Inshorts compiles daily news updates related to business, politics, sports, technology and entertainment in 60 words. With no time to read the whole article, it’s a perfect app for this busy generation to stay updated. 

It has got funding of over $20 million by the founders of Flipkart, Sachin and Binny Bansal.

7. Zostel

Founder: Akhil Malik, Dharamveer Singh Chouhan, Varun Tiwari, Chetan Singh Chauhan, Tarun Tiwari and Paavan Nanda.

Founded in: 2013

Industry: Travel

Zostel was started to promote travel as a way of life. Zostel is India’s first chain of backpacker’s hostels. They offer safe, clean and an affordable accommodation. It’s a go to place for all the wanderers. 

The company has been expanding since its formation and has its service in 36 cities as of today. 

8. TrulyMadly

Founder: Sachin Bhatia, Hitesh Dhingra and Rahul Kumar 

Founded in: 2013

Industry: Dating app

TrulyMadly is popularly known as the Indian version of tinder. It is a dating and a matchmaking app. Unlike other dating apps which recommend many potential matches, TrulyMadly only shows you 10. 

The app requires you to answer a series of questions. Based on your answers, the app will find ideal matches for you. 

9. Chaayos

Founder: Nitin Saluja and Raghav Varma 

Founded in: 2012

Industry: Food delivery

The idea of chai adda always gets everyone together to discuss life, politics and sports on a cup of chai. It was the place that got everyone together. The young and old, the rich and indigent. The idea of Chaayos is serving freshly made chai made exactly to your liking. They are an online tea delivering and café chain. 

With Starbucks and Café Coffee Day having high prices, Chaayos is exactly what the middle class people are looking for. 

Chaayos is currently functional in 6 cities. 

10. Flyrobe

Founders: Shreya Mishra, Pranay Surana and Tushar Saxena

Founded in: 2015

Industry: Fashion

Despite having a wardrobe full of clothes, we always want more. Flyrobe is India’s first and largest online fashion rental service. Flyrobe offers renting high quality clothes from big labels for weddings, parties and other occasions. 

Celebrities including Sunny Leone, Parineeti Chopra and Huma Qureishi have used Flyrobe.

So, this was a list of some successful startups from Delhi. Hope it was informative. 

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10 Successful Startups From Mumbai

Mumbai has been considered as the financial hub of the country for a long time. Even though Bengaluru is the most preferred choice for starting startups, Mumbai has caught the attention of everyone for its posh lifestyle and business scope in many sectors. 

Here are 10 tremendously successful Indian startups that grew from Mumbai.

1. Ola cabs

Founders: Bhavish Aggarwl and Ankit Bhati  

Founded in: 2010

Ola cabs is an Indian transportation network company offering taxi services and food delivery. 

Ola has raised funding from Sachin Bansal, Kia Motors and Hyundai, reaching a valuation of about $6.2 billion. 

Ola Electric has separately raised funding of INR 400 crore from Tiger Global and Matrix Partners India. 

2. Quikr

Founders: Pranay Chulet and Jiby Thomas 

Founded in: 2008

Quikr is an online advertising platform. Quikr is there in over 900 cities and users can sell their mobile phones, household goods, cars, real estate, services and also look for jobs! 

Quikr has raised $350 million so far from Tiger Global, Matrix Partners, Norwest Venture Partners, eBay, Nokia Growth Partners and others.

3. Pepperfry

Founders: Ambareesh Murty and Ashish Shah  

Founded in: 2011

Pepperfry is India’s number 1 online furniture platform. They sell furniture and home décor products, creating their own niche in the e-commerce market. 

Its stock includes more than 80,000 products which includes various furnishing and home décor products. 

Initially the company was funded by the founders itself. They managed to raise $100 million in 2015. 

4. Justdial

Founders: V.S.S Mani 

Founded in: 1996

Justdial is marketed as India’s best local search engine as they provide search services across the country. They provide different services in India over the phone and online.

Justdial launched their web-based version in 2007 and their Android app in 2011.

In 2012, SAP ventures and Sequoia capital invested a total of $57 million in the company. 

5. Bookmyshow

Founders: Ashish Hemrajani, Parikshit Dar and Rajesh Balpande

Founded in: 1999

Bookmyshow is India’s largest online movie ticketing brand. Bigtree Entertainment Pvt. Ltd, the parent company of Bookmyshow received backing from Network18 group and Accel Partners. 

In 2018, the company raised $100 million in its Series D funding round. Bookmyshow is currently valued at $850 million. 

6. Nykaa

Founders: Falguni Nayar

Founded in: 2012

Nykaa is a beauty retailer online store. They sell cosmetic and wellness products. They opened their first physical store at T3 terminal, Indira Gandhi International Airport in November 2015.

The recent funding by TPG Growth has taken its valuation to $724 million. 

7. Toppr

Founders: Zishaan Hayath and Hemanth Goteti 

Founded in: 2013

Toppr is an online exam preparation platform. Initially, they catered to only IIT JEE students. Now they have expanded and offer materials to the medical students too. They also have materials for board and higher secondary examinations. 

The company has received $2 million seed funding from SAIF partners and Helion ventures. 

It recently raised $35 million in series C funding round which was led by eight roads ventures. 

8. Purple Squirrel

Founders: Aditya Gandhi and Sahiba Dhandhania 

Founded in: 2013

Purple Squirrel’s goal has been to bridge the gap between college learning and actual trends of various industries. The company provides industry driven education. 

The company works in collaboration with more than 350 businesses and 100 educational institutes. 

9. Bajaao

Founders: Ashutosh Pandey 

Founded in: 2005

Bajaao Music Pvt Ltd is an Indian online retailer of music instruments, studio equipment, DJ gear, lighting and pro audio equipment.

As the first online music store, impressive stock and good service, the startup was soon able to break even. 

As of today, Bajaao is India’s largest e-retailer for music instruments.

10. InCred

Founders: Bhupinder Singh

Founded in: 2016

InCred finance is a non-banking financial company in India. The company gives out home loans, education loans, consumer loans and SME lending. 

It recently raised INR 600 crore in a funding round led by FMO.

So, this was a list of some successful startups from Mumbai. Hope it was informative. 

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