Indian Young Entrepreneur

INDIAN YOUNG ENTREPRENEURS

Presented By: Guided By: Akshay Dhola (1508085025) Prof. Rinky Trivedi Assi. Professor

Management Dept. M.E.F.G.I

• Successful of “The Bansal Brothers” owner of FLIPKART.COM (the online megastore)

FLIPKART

Sachin BansalBinny Bansal

Something to know about “The Two Mastermind”

•Flipkart was founded in 2007 by Sachin Bansal(26) and Binny Bansal(25) , both alumni of the Indian Institute of Technology (IIT) Delhi Computer Science graduates from the 2005 batch.

•Sachin worked at Techspan for 6 months and then at Amazon.

•Binny worked at Sarnoff India for a year and a half and then at Amazon India for 8 months. They quit their jobs in September 2007 to begin our startup journey.

•Flipkart.com was founded on 5th Sept 2007. The website was launched on 15th Oct 2007.

•From a start-up with an investment of just 4 Lakhs Rupees Flipkart has grown into a $100 million dollars online retail giant in just five years.

ABOUT FLIPKART.COM•Flipkart is an Indian e-commerce company headquartered in Bangalore, Karnataka.

•In its initial years, Flipkart focused on online sales of books. But it later expanded to electronic goods and a variety of other products.

•Flipkart offers multiple payment methods like credit card, debit card, net banking, e-gift voucher, and Cash on Delivery.

•The cash-on-delivery model adopted by Flipkart has proven to be of great significance since credit card and net banking penetration is very low in India.

CHALLENGES FACED BY FLIPKART DURING ITS LAUNCH…

•One major challenge was to get tie-ups with the major book vendors as they did not have an off-line book store.

• They have somehow managed to persuade them and now most of the vendors are supporting us. •The second major challenge was to get the approval for the credit card payment gateway. •We did want to use CC Avenue as their interface is really confusing. So they had to convince Axis Bank for the payment gateway and that was not easy given the fact that they are a self-funded startup and they don’t have an offline presence….

BUSINESS RESULTS OF FLIPKART.COM

Flipkart's reported sales as follows:-IN FY 2008 -2009 :- 40 millions IN FY 2009-2010 :- 200 millionsIN FY 2010-2011 :- 750 millionsIN FY 2011-2012 :- 5 billions

As Internet usage in the country increases and people get accustomed to making purchases online. Flipkart projects its sales to reach $1 billion by year 2014 . And is aiming at generating a revenue of 50 billion (US $1 billion) by 2015.

LENSKARTLenskart is India’s Fastest Growing Eyewear Brand

Peyush Bansal

•Lenskart started in Nov. 2011 by 3 Founders – Peyush Bansal, Amit Chaudhary & Sumeet Kapahi

•In Oct. 2011, Company had touched 30 Lac in monthly revenue from its online portal lenskart.com

•In Oct. 2012, Lenskart.com grew to 3 Cr in monthly revenue.

•In Oct. 2013, Lenskart.com has grown to 6 Cr+ in monthly revenues.

•Lenskart today is the fastest growing eyewear company in India with over 5 Lac+ customers

WHAT MAKES LENSKART DIFFERENT?

•Lenskart is the only eyewear company in India to offer 14-Day No-Question Money-Back Guarantee and a 24 x7 support center.

•At Lenskart, it believe specs are a fashion accessory and not a health accessory and it has done lot of work to own this space today.

•Lenskart today has the widest range and hottest styles in eyewear with a huge fan following for their styles.

•Lenskart prices are 50% more affordable than market –it does this by bringing goods directly from manufacturing to retail (killing all intermediaries)

•In addition to their own range, Lenskart also has tie-ups with the best international brands to complete its range – Ray-Ban, Vogue, Maui Jim, etc.

AT LENSKART DIRECT STORES, THEY OFFER

•One Price for all – prices don’t change with attire of people

•50% more affordable prices than any optician for same quality

•Centrally fitted specs with best lenses for consistent quality

•14 Day Money Back Guarantee on all products

•400 styles on display and 1000 more styles on screen

1/3 PEOPLE IN INDIA NEED VISION CORRECTION

•And only 25% of them today have access to spectacles.

•Eyewear is a 10,000+ Crore market growing at 30% + year on year.

•12 Lac + eyeglasses are sold in India every day and they sell only 1500 right now.

QUIKRNO FIKAR BECH QUIKR

Pranay Chulet

INCEPTION

•Founded on 12th June 2008 by Pranay Chulet and Jiby Thomas .

•Largest online and mobile classifieds portal based in Mumbai and Delhi .

•Backed by Matrix partners India , Omidyar Network ,Norwest Venture Partner , Nokia Growth Partner , Warburg Partner and invested in by e-bay Inc.

•Services over 160 categories in over 83 cities.

•1.8 cr. Consumer per month and millions of ads posted by users . •Among world’s top 250 private companies .

•Quikr was formerly known a kijiji.in

•We generate revenue through premium listings which get more visibility compared to free ads, and also by generating customers leads for businesses.

Among world top 250 Private Companies

Over seven million users every month

Huge Advertisement cost

Offers Faster, Better and Cheaper Online Visibility.

STRENGTHS OF QUIKR.COM

FINANCIALS

•Private Company incorporated on 09 November 2005.

•Its authorized share capital is Rs. 45,000,000 and its paid up capital is Rs. 42,001,260. 

•Annual General Meeting (AGM) was last held on 30 September 2013.

•Balance sheet was last filed on 31 March 2013.

MYNTRA

Mukesh Bansal

Started: February 2007 Myntra.com is an Indian online shopping retailer of fashion

and casual lifestyle products. Headquarters in Bangalore. Myntra was established by Mukesh Bansal, Ashutosh

Lawania, and Vineet Saxena in February 2007. In the last 3 years, Myntra has become the most popular

destination for personalized products in the country.

BEGINNING OF MYNTRA.COM

Myntra has tied up with top fashion and lifestyle brands in India, such as Nike, Inc., Reebok, Puma, Adidas, Asics, Lee, Lotto, etc. to offer a wide range of current season merchandise from these brands.

Myntra currently offers products from more than 350 Indian and international brands.

There are also casual and dressy footwear for women from Catwalk, Carlton London and Red Tape to name a few.

NEW BUSINESS FOCUS AND PRODUCTS

In October 2007, Myntra received its initial funding from Erasmic Venture Fund now known as Accel Partners, Sasha Mirchandani from Mumbai Angels and a few other investors.

In November 2008, Myntra raised almost $5 million fr om NEA-IndoUS Ventures, IDG Ventures and Accel Partners.

Myntra raised $14 million in a Series B round of funding.

ACQUISITIONS AND INVESTMENTS

This round of investment was led by Tiger Global, a private equity firm; the existing investors IDG Ventures and Indo-US Venture Partners also put in substantial amount towards funding Myntra.

Towards the end of 2011, Myntra.com raised $20 million in

its third round of funding, again led by Tiger Global.

In February 2014, Myntra raised additional $50 Million (Rs.310 crore) funding from Premji Invest and few other Private Investors.