Over last two decades, Thousands of entrepreneurs are being minted in the world every year. However, only a few have stood out with their startups. These startups have changed the way of our living. Startups like Ubercabs, Facebook, Snapchat etc. has become a most important part of our lives.
In this post, we have created a list of the Top 10 leading Startups success stories.
Travis Kalanick and Garrett Camp founded UberCab in 2009. The company officially launched its ride-hailing service and mobile application in San Francisco in 2011 and changed the name to Uber. It has expanded its service to 390 cities worldwide in a couple of years.
The company, which takes a 20 percent cut of each ride, recorded revenues of more than $400 million in 2014. Uber Technologies Inc. completed a new funding round in July 2015 that valued the company at close to $51 billion.
Its success story has developed a condition of emergency for its rival companies and the Taxi industry in many countries. However Uber also had to face some failures like In some cities like Austin, Texas in the United States, Uber was banned due to safety concerns.
The rapid increase in Uber’s valuation reflects its tremendous growth as well as the rising popularity of its service among riders. This is one of the best business success stories.
When it comes to 21st-century business success stories, Only Few can match the incredible success of Facebook. Founded in 2003 by a group of Harvard University students, the website has gone on to become one of the Internet’s top businesses, boasting over one billion members as of 2012. No one can deny, how Facebook has become the part of their lives.
It was founded in a Harvard dorm room by Mark Zuckerberg, Eduardo Saverin, Chris Hughes, Dustin Moskovitz, and Andrew McCollum. The early Facebook is almost nothing like the social network’s current website. The website blew up in popularity, attracting over 20,000 views in its first four hours of operation.
And now Facebook is one of the leading online website making it a very successful startup and an inspiration to millions of people.
Xiaomi Corporation has its headquarter in Beijing. It is the world’s fourth-largest smartphone maker after Samsung, Apple, and Huawei. The company designs develop and sells smartphones, mobile apps, and related electronics. It holds a significant presence in China, India, and Southeast Asia.
The company set a mark recognized by Guinness World Record by selling more than 2 million handsets online in just 24 hours that offered discounts on its 5th birthday (April 6, 2015).
Critics said Xiaomi’s phones and tablets are very similar to Apple’s. In addition, the company’s chairman Lei Jun, the 5th richest man in China, has carefully cultivated a Steve Jobs image and is considered as a “knockoff of Steve Jobs.”
However, this valuation may not be sustainable, according to experts. With the economic slowdown in China, the company is expected to miss its sales
Snapchat is a video messaging application Evan Spiegel, Bobby Murphy, and Reggie Brown Poster created when they were students at Stanford University.Compared with Twitter and Facebook, Snapchat is considered user-friendly especially for people new to the application.
Snapchat Inc. acquired $175 million in new funding in February, valuing the company at the same $16 billion valuations from a year ago. Despite its staggering growth, investors are worried about the company’s prospects, which put pressure on the valuation.
Back in 2007, when Flipkart was launched, Indian e-commerce industry was taking its baby steps. The company is registered in Singapore, but their headquarters are in the city of Bangalore, India. Its founders Sachin Bansal and Binny Bansal who was working for Amazon at that time had an idea to start an e-commerce company in India. Both of them are alumni of IIT, Delhi and are native of Chandigarh, India. They left their jobs on Amazon to start their own business.
Now valued at over US$17 billion, Flipkart is among the top 10 e-commerce companies in the world. Earlier an employee at Amazon India, Sachin is now one of the wealthiest internet millionaires in India.
Vijay Shekhar Sharma, the founder of Paytm was born in a small town near Delhi. Vijay launched One-97 as a telecoms software company in the early 2000s and later pivoted it to Paytm, an online marketplace in 2009.
Paytm is now widely used for payments, E-wallets, and mobile credit top-ups. The company last year raised about US$700 million in capital from Ant Financial, the affiliate e-payments division of Chinese e-commerce powerhouse Alibaba.
After collecting and pinning menus on his office board at Bain & Co, The founder of Zomato Deepinder Goyal decided to give his hobby a digital push by scanning the menus on a website for everyone. The site became popular. Deepinder and his colleague at Bain, Pankaj Chaddah, decided to make it commercial. Zomato is one of the best inspirational startup success stories.
In 2008, they hired a CEO for their venture. After 18 months, the duo decided to quit their jobs and live the startup life full-time.The website soon listed 1,200 restaurants in New Delhi – and the team hasn’t looked back since. It has expanded to over 22 countries. The company is now valued at close to US$1 billion and Its valuation makes it a part of this list.
SpaceX has its Headquarters in Hawthorne, California. It is Space Exploration Technologies Corporation. It designs, manufactures, and launches rockets and spacecraft. It was founded in 2002 by former PayPal entrepreneur and Tesla Motors CEO Elon Musk who aims to build simple and relatively inexpensive reusable space rockets.
Google invested $900 million for a 7.5 percent stake in SpaceX in January 2015. This implies a valuation of $ 12 Billion for the company. With this valuation, SpaceX ranks 10th in the top 10 valuable startups list.
Airbnb is a social website that connects people looking to rent their homes to people who are looking for local shelters. It operates in more than 34,000 cities and 190 countries. It was founded by Brian Chesky, Joe Gebbia, and Nathan Blecharczyk in San Francisco in 2008.
Airbnb Inc. raised a new round of funding in November 2015 that valued the company at $25.5 Billion. With this valuation, It is one of the leading websites.
Oyo Rooms is one of the most popular websites in India for booking hotel Rooms. It was founded by Ritesh Aggarwal in 2011. At the age of 21, Ritesh is India’s youngest millionaire entrepreneur. Ironically, Ritesh was thrown out of rented place in New Delhi when he couldn’t pay the rent.
The valuation of OYO rooms is US$130 Million making it one of the successful and inspirational startups in India.
These are the op Top ten Most Read Startup Stories. If you have anything to share, Please comment.