“Every risk is worth taking as long as it’s for a good cause and contributes to a good life.”
– Ratan Tata, Chairman Emeritus of Tata Sons –
Starting a business, especially for aspiring student entrepreneurs, can be a difficult endeavor. With the difficulties of juggling schooling and other activities.
It is easy to become overwhelmed and unclear of where to begin. Anyone, with the correct mindset and direction, can make their entrepreneurial ambitions a reality.
In this blog post, we’ll look at the top five Indian entrepreneurs who successfully run eCommerce firms. Their experiences are rich in insights and lessons that you may use for your own path. From recognizing opportunities in the market to overcoming barriers, these entrepreneurs have demonstrated that hard work and dedication can lead to success.
1. Sachin Bansal and Binny Bansal – Founders of Flipkart
Flipkart began as an online bookshop in 2007 by Sachin and Binny Bansal. They immediately realized the potential of eCommerce, though, and moved into other areas. They concentrated on customer service and provided cash-on-delivery as a payment option, which gave them a competitive advantage. Flipkart is now one of India’s most successful eCommerce enterprises, with a market capitalization of more than $37 billion.
Aspiring student entrepreneurs can learn from Sachin and Binny Bansal that being adaptive and open to new opportunities is essential. They also demonstrate how focusing on customer service and developing novel payment methods may help a company acquire a competitive advantage.
2. Kunal Bahl and Rohit Bansal – Founders of Snapdeal
Snapdeal was founded in 2010 by Kunal Bahl and Rohit Bansal as a daily deals portal. They later focused on eCommerce and increased their product offerings. They established a name for themselves by providing a diverse choice of products at reasonable pricing. Snapdeal is now one of India’s biggest eCommerce enterprises, with a market capitalization of more than $6.5 billion.
Kunal Bahl and Rohit Bansal demonstrate to aspiring student entrepreneurs the importance of pivoting and adjusting business strategy when needed. They also show how providing a diverse choice of items at competitive pricing can attract clients and assist business growth.
3. Vijay Shekhar Sharma – Founder of Paytm
Paytm was founded in 2010 by Vijay Shekhar Sharma as a mobile recharge and bill payment platform. Later, he diversified into eCommerce, banking, and financial services. Sharma’s success is based on his ability to spot and capitalize on rising trends. Paytm is now worth more than $16 billion and has over 350 million registered users.
Vijay Shekhar Sharma illustrates to aspiring student entrepreneurs the importance of being forward-thinking and adapting to shifting market trends. He also demonstrates how expanding into related industries and diversifying business offerings can contribute to overall success.
4. Radhika Aggarwal, Sanjay Sethi, and Sandeep Aggarwal – Founders of ShopClues
ShopClues was founded in 2011 by Radhika Aggarwal, Sanjay Sethi, and Sandeep Aggarwal as a marketplace for unbranded products. They concentrated on the needs of India’s tier 2 and tier 3 cities, delivering a diverse choice of products at reasonable pricing. ShopClues is now one of India’s largest eCommerce enterprises, with a valuation of more than $1.1 billion.
Radhika Aggarwal, Sanjay Sethi, and Sandeep Aggarwal can teach aspiring student entrepreneurs the importance of identifying and catering to specific target audiences. They also demonstrate that providing a diverse selection of items at reasonable rates to underserved markets can be a profitable business strategy.
5. Mukesh Bansal and Ankit Nagori – Founders of Myntra
Myntra was founded in 2007 by Mukesh Bansal and Ankit Nagori as an online marketplace for personalized gift items. They eventually turned their attention to fashion eCommerce and established a great brand. Myntra’s success stems from its ability to provide a diverse choice of stylish products at reasonable pricing. Myntra is now one of India’s most successful fashion eCommerce startups, with a valuation of more than $2.7 billion.
Aspiring student entrepreneurs can learn from Mukesh Bansal and Ankit Nagori that it’s critical to adjust and pivot your business strategy as needed. They also demonstrate how developing a strong brand around a certain product category may lead to eCommerce success.
“The most important thing for any entrepreneur is to persevere. You have to have a never-say-die attitude.”
– Adi Godrej, Chairman of Godrej Group –
What do these entrepreneurs have in common? They all shared a common vision, identified upcoming trends, and prioritized client demands. They were also willing to take risks and learn from their failures. As a budding student entrepreneur, you can learn from your mistakes and apply them to your own venture.
Consider joining the Singlebag Partner Program if you need help on your entrepreneurial journey. By becoming a Singlebag partner, you will gain access to useful resources as well as a community of like-minded companies. You’ll also be able to earn a 25% commission on each store you build for other entrepreneurs. Join the Students Powered By Singlebag campaign today and get started on your own profitable eCommerce business!