What does it take for a passion to become a business idea? The best entrepreneurs started their businesses by converting their passion into a startup – all it takes is a business plan, an ability to learn fast, the ability to work non-stop and round the clock while incubating your startup and learning how to delegate and lead a team. Here are a few business ideas that resulted in startups driven by passion.
This Gurgaon based online lifestyle discovery and commerce company was founded in 2012 and bagged over $20 million in investments from Matrix Partners, Lightspeed Ventures and Tiger Global. In the last financial year, they actually grew a whopping 1900%! LimeRoad used to be a women-only marketplace with a zero inventory model featuring over 750 brands and has now added LimeRoad for men to its product offering. LimeRoad founders Suchi Mukherjee and Prashant Malik wanted to revolutionize how lifestyle brands are offered online and on the mobile with a highly differentiated experience for its customers. Suchi has been working in the product marketing and mobile space ever since her stint at eBay and Skype after which she started her first company GumTree and then launched LimeRoad 4 years back. She has been voted as one of five Rising Talent of Global Leaders under 40 at the Global Women's forum, offering proof that when you chase your business ideas with passion, great things happen.
Thrillophilia is a Bangalore based tours and activities company founded by Chitra Gurnani Daga and Abhishek Daga in 2011. They started off as an online portal for adventure tours but ended up expanding to cover tours and activities across Asia and become a travel marketplace. Thrillophilia's travel explorers offer unique and curated local experiences with selected local guides and vendors. Despite having bootstrapped with just 1.5 lakhs rupees to begin with, the company has since raised funding from Angel Funds and now boasts of a Rs 3 crores revenue. It all started because the founders Abhishek Daga an IIT BHU alumnus and Chitra Gurgani his wife who went to ISB and DA-IICT were passionate about travel. They used work of mouth marketing and promoted the company initially and soon it was selling trips to Ladakh on the website. Today the site is among the top 20 travel websites and has organised more than 8000 tours including corporate tours, honeymoon trips, weekend getaways and adventure and wildlife getaways.
HomeLane is a technology-led home solutions startup that offers customizable kitchens, wardrobes and entertainment units and focuses on modular fixed furniture worth Rs. 5 lakhs and up. They offer exclusive 45-day delivery commitment and 5-year warranty for whatever your dream home designs are. They have outfitted over 600 homes and offer the services of over 500 experts and interior designers in Bangalore, Hyderabad, Mumbai and Chennai. HomeLane has been founded by Srikanth Iyer, Rama Harinath and Vivek MP and attracted investments from Sequioa, Aarin and GrowthStory and is backed by famous entrepreneur duo K Ganesh and Meena Ganesh. Turning their passion for design and technology into a business idea the founders have disrupted the unorganized and inefficient home set up market with a technology led design and manufacturing and installation service that is timely and cost effective.
FirstCry is Asia's largest online portal for baby and kid products with over 2 lakhs products from top Indian and international brands like Mattel, Funskool, Hotwheels, Pampers, Disney, Fischer Price and so on. The company’s mission is to provide the best products at the lowest prices with great online shopping, free shipping and prompt customer service. The company’s motto is to change the way Indian parents buy so that they can spend more time at home with their loved little ones. The parent company Brainbees Solutions which runs FirstCry was started by Supam Maheshwari and Amitava Saha in 2010 and as an omnichannel platform for baby and maternity products it operates over 150 franchisee offline stores in over 100 cities apart from the online store and has also partnered with over 7500 maternity hospitals in the country. It's passionate vision of simplifying parenting got a vote of confidence when none other than Ratan Tata himself invested an undisclosed amount in the company.
Image Credits: www.limeroad.com, www.thrillophilia.com, www.homelane.com, www.firstcry.com
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