Start-ups in India; Necessity led to invention

We’re all cognizant of business tycoons who make it to headlines, but not everyone possesses the knowledge about what made them reach that position. A majority are somehow affiliated with start-up companies. A start-up company is “an entrepreneurial venture or a new business in the form of a company, a partnership or temporary organization designed to search for a repeatable and scalable business model.” In simple words, it can be described as an idea which can shape itself into a business commodity or service. In older days, start-ups used to adopt the traditional aspects of the trade. But owing to constant encroachments from technology, the entire process is now computerized. A prominent example of such an advanced company would be the mammoth Indian online-portal founded by Sachin Bansal and Binny Bansal, Flipkart. Founded in 2007, the e-commerce company has very conveniently managed to hit the spot.

Every major or minor thing in the world is a result of a start-up. Why? Let’s consider the example of Facebook, the world’s largest social media platform. There existed an idea, bugging a young and inexperienced Mark Zuckerberg, that the Internet should be able to harbour the potential to connect people all across the globe, which he implemented with the help of his team’s dexterity. Similarly, every other start-up is an expansion of a resilient idea. Ideas do not require money; they do not necessarily require formal education. Ideas are not bound by what you are. But, what leads to the existence of this very idea? A wise man once said, “Necessity is the mother of invention.” Necessity leads to thinking, which gives rise to an idea. This idea, in turn, leads to the formation of a start-up, eventually resulting in the birth of an invention.

Speaking of India in the past, a person wanting to leave his mediocre way of earning a living, and revealing his desire to start a new company was termed as a ‘fool’. But in recent times, with the growing support from the nation’s government and bolstered by the increased awareness about start-ups, the country’s youth have started believing in the ideation and startup concept. 

Silicon Valley in California, USA is known to be the birthplace of start-ups. India has a long way to go in order to match up to the start-up culture of such a prominent place. But in the coming years, we can very well expect India to acquire a similar position globally. Buttressing this expectation are the Narendra Modi-led Indian Government’s initiatives like ‘Digital India’ and ‘Make in India’. Also, young entrepreneurs like Sachin Bansal, Rahul Yadav, Kunal Bahl amongst others have managed to encourage the nation’s budding minds to shine in this field. A few among the many successful start-ups in India are Flipkart, Snapdeal, Zomato, Ola, PayTM & Freecharge.

In addition to these, social media has proved to be instrumental in motivating youth to pursue start-up ideas. A 2015 webisode comedy series, Pitchers, released by The Viral Fever on YouTube, has managed to equip its viewers with a healthy quotient of knowledge regarding start-ups. The show reels off the experiences of 4 determined friends who decide to leave their lucrative jobs and initiate a start-up. After 5 episodes, the show has become a fan-favorite and has made an ample number of people think about the concept.

Not all of such start-ups are successful, but the failures trigger new resolutions which lead to superior outcomes. Such journeys are replenished with hardships. There are times when things fall where they should, and then there are days when fortune betrays the build-up. The ones who survive are the ones who never give up.  And, to never give up, one must start-up.

This article is part of PaGaLGuY’s innovative Internship programme for engineering students. Currently, two such programmes are on – one on Creative Writing, the other is a Certification on Digital Media. If you are interested in partaking and  bagging a certificate, besides learning the nuances of effective writing, mail us at [email protected]