Before we start with the top 10 bootstrap startups, it is essential to understand what bootstrap startups are.
As per digest.myhq.in, the term “bootstrap” derives from the expression “lifting oneself by one’s bootstraps.” Entrepreneurs who bootstrap their businesses rely on their personal resources and first income to support their venture. The business is focused on a single purpose and is free of outside intervention from investors. According to studies, more than 80% of new businesses are funded by the founders’ own funds.
The Indian startup ecosystem is teeming with entrepreneurs who have successfully established their businesses from the ground up. For example, Zoho, a technology firm that began as a network management framework for telecoms and network equipment, has grown through bootstrapping. It has since moved into delivering IT management tools and was estimated to account for a fifth of Salesforce in 2012. Zoho now spends the majority of its firm revenue on product development and presently serves over 10,000 clients globally.
So, let’s start with our top 10 bootstrapped Startups In India that redefined the essentials for success.
Zerodha is an Indian financial services firm that is a member of the NSE, BSE, MCX, and MCX-SX and provides brokerage-free stock investing retail, institutional broking, currencies, and commodities trading. The firm, which was founded in 2010, is based in Bangalore and has offices in nine Indian cities. It is also an official member of the NSE’s consulting committee for expanding business.
Nithin bootstrapped and started Zerodha in 2010 to solve the challenges he encountered as a trader over a decade. Today, Zerodha has altered the landscape of the Indian brokerage sector. He was designated one of The Economic Times’ “Top 10 Businessmen to Watch Out for in 2016 in India” for pioneering and expanding discount broking in India.
Zoho’s tale is as follows: With its market-disrupting products and services, an Indian bootstrapped business has given Google and Salesforce a run for their money. Zoho Corp, a software-as-a-service (SaaS) business with offices in Chennai and San Francisco, was once described as the poor man’s Salesforce.
Zoho is not just one of the few successful unicorns in India, but it has stayed so since its start in 1996. With the sheer quantity of applications and features in its packages, the company intends to embed itself into the core of enterprises by offering CRM, SaaS, software development, and cloud computing services to customers. Zoho is a company that provides beautiful, intelligent software to help you build your business.
Zoho’s 45+ solutions, which have over 60 million users globally, help you with sales and marketing, support and collaboration, finance, and recruiting, so you can focus on your business. Zoho values customer privacy and does not utilise an ad-supported business strategy in any of its products, even those that are free. Zoho Corporation is a successful, privately-held business based in Austin, Texas, with international headquarters in Chennai, India, and offices throughout the world.