Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

USD billion in value- this is what every aspiring start-up entrepreneur is gunning for today. This extremely hard to attain state of business that can only be achieved by the infusion of fresh ideas with great potential for creating sustained demand and revenues and yet, we see companies like <keyword id="541988" type="COMPANY" weightage="20" keywordseo="SnapDeal">Snapdeal</keyword> getting to that high-horse and then falling. <div type="embedgroup"> <div type="Article" hostid="261" msid="59158073" title="I stayed at an Oyo Townhouse and here’s why I’d go again" rank="1.0" kind="RELATED" publishDate="Jun 15, 2017, 2:00 PM" mstype="2" mssubtype="0"></div></div> Business Insider asked <keyword id="178808" type="ORGANIZATION" weightage="20" keywordseo="Ambarish">Ambarish</keyword> <keyword id="6356160" type="PERSON" weightage="20" keywordseo="Gupta">Gupta</keyword>, CEO &amp; Founder of <keyword id="906022" type="COMPANY" weightage="100" keywordseo="Knowlarity">Knowlarity</keyword>, which is a leading cloud telephony solutions provider that provides B2B solutions like <keyword id="535181" type="ORGANIZATION" weightage="20" keywordseo="IVR">IVR</keyword> solution, Call Center and Virtual Number Solutions to multiple companies. Their model has become so successful that in six years, they achieved profitability and expanded to other countries. As a model for a successful entrepreneur Mr. Gupta shares his insight into how can start-ups achieve the ‘unicorn’ tag that they revere. Numerous entrepreneurs crowd the long list of failed attempts at achieving the coveted throne of a ‘unicorn start-up’ and mostly, it is the lack of careful planning and vision that does them in. While there’s no blueprint to achieving a valuation of a billion USD, there are some things which Ambarish thinks are imperative if entrepreneurs want to make it big-<div type="embedgroup"> <div type="Article" hostid="261" msid="59160590" title="This education start-up says that Trump has not fazed Indians applying to study in the US" rank="1.0" kind="RELATED" publishDate="Jun 15, 2017, 3:58 PM" mstype="2" mssubtype="0"></div></div>
 The idea/offering/concept/service Identifying this right product is the key to establishing a big business. Firstly, an entrepreneur needs to identify the usability of the product. Whether it is niche or pervasive-globally, a product should be able to engage thousands of customers to generate millions in revenue. It is very difficult for start-ups to convince users to pay a very high amount for a product that is just being introduced, thus entrepreneurs need to focus on quantitative revenue at the beginning. Furthermore, investing huge resources into creating a product merely based on prediction is not prudent. Instead, entrepreneurs should focus on building a Minimum Viable product (MVP), market it and keep developing it based on the feedback from initial customers <div type="embedgroup"> <div type="Article" hostid="261" msid="59141983" title="Here’s how this Mumbai restaurant is redefining sushi for Indians" rank="1.0" kind="RELATED" publishDate="Jun 14, 2017, 7:30 PM" mstype="2" mssubtype="0"></div></div>
 Scalability Building repeatable processes-research, product development, marketing, sales, customer support, all of this constitutes a product cycle that needs to continue in an optimum order for the business to function smoothly. The necessity of a business to follow a particular sequence is essential to bring stability and predictability, thus reducing the cost associated due to variable factors. Talent Hiring talented people is essential for a business to achieve epic proportions. Professionals who are experts in their field while also being open to multi-tasking and switching job roles in moments of crises are extremely vital to the business. Ambition and Alignment with organization’s goals are the most important pillars based on which professionals should be on-boarded before the business ship sets sail.

Here’s how you can achieve profitability according to Knowlarity's founder

Indian Institutes of Technology (IITs) have become the breeding ground for maximum startups in India and successful entrepreneurs often credit their alma mater IITs for the same. From <keyword id="541988" type="COMPANY" weightage="20" keywordseo="SnapDeal">Snapdeal</keyword>, <keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword>, Travel Triangle, to <keyword id="906022" type="COMPANY" weightage="20" keywordseo="Knowlarity">Knowlarity</keyword>, the list is endless. Did you ever wonder why are so many entrepreneurs from IITs than any other institutes? We have tried to analyse possible reasons behind this.

Here are 5 reasons why
successful entrepreneurs are mostly from IITs

New Delhi, Mar 16 () IT company Wipro on Monday said it has advised employees to work from home, if feasible depending upon their job responsibilities, amid the coronavirus outbreak. Wipro said safety, health and wellbeing of our employees are of paramount importance and over the past several weeks, it has taken a series of preventive measures to protect our employees from the coronavirus outbreak. "Given the evolving situation, beginning Monday, March 16, we have advised our employees to work from home wherever feasible and if their role allows them to do so. Wipro offices will remain open. "Our global environment, health and safety (EHS) and crisis management teams will continue to assess the situation, review these measures after a week and decide the future course of action," Wipro said in a statement. Many other companies like Knowlarity Communication and health tech start-up Navya also asked employees to work from home. The Department of Telecommunications (DoT) on March 12 issued advisory to enable around 18-20 lakh employees of IT units registered with it to work from home. The DoT has relaxed certain norms for other service providers (OSPs) till April 30 to facilitate work from home (WFH) amid the coronavirus outbreak. These include exemptions in requirement of security deposit and agreement for WFH facility for OSPs (IT and IT-enabled services companies), as well as the need for prior permission for offering the facility. Industry body Nasscom and leaders of the IT industry had requested the government to relax the norms to facilitate business continuity that is posing to be a major challenge for the sector. PRS HRS

Wipro asks employees to work from home

Indian <keyword id="407821" type="UNKNOWN" weightage="80" keywordseo="software-firms">software firms</keyword> are doing a commendable job as the total valuation of the nation’s top 30 <a href="http://www.businessinsider.in/searchresult.cms?query=enterprise+software+product+companies+">enterprise software product companies</a> has touched $10.25 billion. 
 
The total valuation is pushing up the value of an index compiled by software products think tank iSpirt by 20%. 
 
The number of employees in these companies has also grown by nearly 18% to over 21,200 employees, according to the report, based on an index called iSPIxB2B, comprising top 30 software product companies in India and their valuations. 
 
Not only that, there has been a notable increase in the enterprise value per employee, showcasing shift from services heavy to product-heavy offerings. 
 "We see a steady growth in this space and we expect it to continue to grow nicely. The data tells us that the ecosystem is accelerating," said <keyword id="2590447" type="PERSON" weightage="40" keywordseo="Dev-Khare">Dev Khare</keyword>, managing director at Lightspeed India Partners Advisors, who helped put together the report for iSpirt. 
 
Companies from Delhi dominate the index followed by Bengaluru, Chennai, Pune, <a href="file:///C:/Users/gunja.d/Documents/Septemeber%202015/Mumbai">Mumbai</a> and other cities. Nearly 40% of the companies in the index sell products across different enterprises but the rest are focussed on financial services, retail, media and travel. 
 
What are the reasons for this growth? Khare is of the view that the growth in the number of enterprise software companies is due to three key reasons: 
1. The growing domestic market, 
2. Easier access to global customers via the internet, and 
3. A growing breed of <a href="http://www.businessinsider.in/searchresult.cms?query=entrepreneurs+">entrepreneurs</a> who have deeper understanding of software products and industries. 
4. 
Khare said there is a new class of entrepreneurs coming in with a very close finger on the pulse of the needs today and creating solutions for that. 
 An overwhelming majority of the companies (80%) including the likes of cloud telephony company Knowlarity, customer support software maker Fresh desk and ad tech company <keyword id="164941" type="COMPANY" weightage="60" keywordseo="inMobi">InMobi</keyword> are focused on the global market while the rest are looking to tap into the Indian market. 
 
About 67% of the companies are domiciled in India but since 2009, majority of Indian B2B companies have started incorporating in the US and Singapore, the report noted. "The government is trying to introduce policies which make it more conducive for companies to remain domiciled in India," said Khare. In June, <a href="http://www.businessinsider.in/searchresult.cms?query=Sebi">India's market regulator Sebi</a> said it will launch an alternative trading platform for internet startups with relaxed norms for listing. 
 
Most of the companies in the index have bootstrapped themselves without institutional financing in the early stage. 
 The report also said that about 43% were bootstrapped and most institutionally-funded companies got growth financing, rather than early-stage <keyword id="6357097" type="COMPANY" weightage="80" keywordseo="venture-capital">venture capital</keyword> financing. 
 
 (Image: Indiatimes)

Cheers to India’s top 30 software firms! Their total valuation crosses $10 bn

Chhath Puja 2024 Wishes

Bank holidays in India

ChatGPT will let you create images for free

Should the government give freebies to the poor?

World’s most powerful passports

Jio vs Airtel vs Vi Prepaid Plans

You Searched For "Knowlarity" and got 4 results

Here’s how you can achieve profitability according to Knowlarity's founder

Tanya Dubey

Here are 5 reasons why successful entrepreneurs are mostly from IITs

Suchayan Mandal

Wipro asks employees to work from home

PTI

Cheers to India’s top 30 software firms! Their total valuation crosses $10 bn

BI India Bureau

Popular Keywords

Buying Guides