Entrepreneurship symbolizes so many dreams and aspirations, so many stories of success and struggle, ups and downs but at last a story that every entrepreneur would want to share. The penchant for risk and a sound business idea in hand, tier II cities are witnessing growth in entrepreneurs. Small town doesn’t mean limited business opportunity. From service and product-based companies to e-commerce stores, gone are the days when people had to move to a big city to start a new venture. Tier II cities are becoming the hub of young and genius minds
In 2021, Jaipur raised more than $16 million across eleven deals so far, which mostly included seed rounds. In 2015, $9 billion was invested in over 1,005 deals in India, according to YourStory research. Among these major deals, two were bagged by Jaipur-based Cardekho and Netmeds, which secured $50 million each. Being home to over 750 startups, multiple accelerators as well as incubator groups, the state government is leaving no stone unturned to pave the way for a robust startup infrastructure to nurture innovation and foster the spirit of entrepreneurship in the state. Tier II cities are also showcasing a plethora of innovation, skills and evolving as an early stage hub, despite facing quite a few additional roadblocks. Here’s a list of entrepreneurs who started from a small city and built multi-crore businesses.
Mr. Amit Jain, CEO and Co-founder, CarDekho is a IIT Delhi graduate hailing from Jaipur, Rajasthan. CarDekho.com is India’s leading car search venture that helps users buy cars that are right for them. Its website and app carry rich automotive content such as expert reviews, detailed specs and prices, comparisons as well as videos and pictures of all car brands and models available in India. He is on the mission to build a $10bn organization, impacting the Automotive sector in India and empowering our users to make the right decision by enabling them with cutting edge technology, correct information, and using AI to help them choose the vehicle of their choice. They have also ventured into creating India’s most trusted place for buying and selling used cars. With over 0.7 bn sessions last year, enabling sales of over 100k cars and selling over 160k bikes
Vineet Rao, Founder and CEO, DealShare is from Jaipur, Rajasthan.The Jaipur based startup aims to use the capital raised for geographical expansion, improving user experience and expanding its warehouse network. Started by Vineet Rao, Sourjyendu Medda, Sankar Bora and Rajat Shikhar, DealShare was started in September 2018 in Jaipur, Rajasthan. The startup, which follows a social commerce model, mostly targets non-metro and middle-income customers in India with mass-market products. DealShare has also incorporated regional languages to draw non-metro users. Since 2018, the Jaipur-based hyperlocal ecommerce company has grown leaps and bounds. In April, it raised Rs 70 crore from venture debt firm Alteria Capital. The startup is focussed on the mid-income demographic of 500 million new Internet users and has raised total capital of $34 million.