Jaipur has raised over $ 16 million in eleven deals so far, which mostly included fundraising.
Entrepreneurship symbolizes so many dreams and aspirations, so many stories of successes and struggles, ups and downs, but finally a story that every entrepreneur would like to share. With a penchant for risk and a strong business idea in hand, Tier II cities are experiencing growth in entrepreneurs. Small town does not mean limited business opportunity. From service and product businesses to e-commerce stores, the days of people having to move to a big city to start a new business are over. Tier II cities become the hub of young and awesome minds
In 2021, Jaipur has raised more than $ 16 million in eleven deals to date, which have mostly included fundraising. In 2015, $ 9 billion was invested in more than 1,005 transactions in India, according to YourStory research. Of those major deals, two were made by Jaipur-based Cardekho and Netmeds, which secured $ 50 million each. Home to more than 750 startups, several accelerators as well as incubator groups, the state government spares no effort to pave the way for a robust startup infrastructure to nurture innovation and foster entrepreneurship in the state. Tier II cities also feature a plethora of innovations, skills, and evolve as an early stage hub, despite a few additional hurdles.
Here is a list of entrepreneurs who started in a small town and created multi-crore businesses.
Mr. Karmesh Gupta, CEO and Co-Founder, Wijungle. Mr. Karmesh began his professional journey with Rajasthan Royals at the age of 18 while in his second semester of graduation and then continued to set milestones with each passing day. Coming from a lower middle class family in Alwar Rajasthan, he co-founded HttpCart Technologies (legal entity behind WiJungle) in October 2014 while in his fifth semester. In April 2015, HttpCart became the first Indian private company to launch completely free WiFi – “WiJungle”. Forbes selected Karmesh Gupta in the 30 Under 30 Asia 2020 list. WiJungle is a unified network security platform that enables organizations to manage and secure their entire network through a single window. The complete AI and ML based product offers the security stack of multiple standalone solutions such as Network Firewall, WAF, SD-WAN, Hotspot Gateway, Endpoint Defense, etc. synchronously and thus not only reduces the investment cost by up to 60% but also simplifies management as well as scalability challenges.
Mr. Amit Jain, CEO and Co-Founder, CarDekho is a graduate of IIT Delhi originally from Jaipur, Rajasthan. CarDekho.com is India’s leading car search company that helps users buy cars that are right for them. Its website and app contains rich automotive content such as expert reviews, detailed specifications and prices, comparisons as well as videos and photos of all car makes and models available in India. His mission is to build a $ 10 billion organization, impacting the automotive industry in India and empowering our users to make the right decision by providing them with cutting edge technology, correct information and using AI. to help them choose the vehicle of their choice. . They also ventured to create the most reliable place in India for buying and selling used cars. With over 0.7 billion sessions last year, selling over 100,000 cars and selling over 160,000 bikes
Launched in 2017 by Shreyans Mehta, co-founder, MedCords. He is from Kota, Rajasthan and aims to address the disparity between accessibility to quality health care in urban and rural areas of India. Kota-based MedCords connects patients, physicians and pharmacies for seamless access and sharing of medical data. It offers its services to over 20 lakh users – across Rajasthan, Madhya Pradesh, Gujarat, Uttar Pradesh, Bihar and Chhattisgarh. The startup targets cities of level III and below, including cities and towns of less than three lakh. The app also works on a subscription model, where users can purchase an Aayu card and get 25 e-consultations for Rs 999 for 12 months.
Vineet Rao, Founder and CEO of DealShare is originally from Jaipur, Rajasthan. The Jaipur-based startup aims to use the raised capital for geographic expansion, improving user experience and expanding its warehouse network. Launched by Vineet Rao, Sourjyendu Medda, Sankar Bora and Rajat Shikhar, DealShare was launched in September 2018 in Jaipur, Rajasthan. The startup, which follows a social commerce model, primarily targets off-metro and middle-income Indian customers with mass products. DealShare has also integrated regional languages to attract users outside the metro. Since 2018, the Jaipur-based hyperlocal e-commerce company has made giant strides. In April, he raised Rs 70 crore from venture credit firm Alteria Capital. The startup is focused on the middle-income population of 500 million new internet users and has raised total capital of $ 34 million.