Success Stories of Digital Entrepreneurs in 2021

The internet is a powerful tool for those who have the will, ambition, and dedication to change their destiny. The market always accommodates people who dare to bring innovative solutions to problems. It helps passionate youngsters leverage their natural advantages for the betterment of society.

Here are three Indian youngsters who have risen to the top through the internet.

Byju Raveendran: BYJU’s

Byju was born in Azhikode, Kerala, in 1981. His father was a physics teacher, and his mother was a maths teacher. Byju would spend more time outdoors playing football, cricket, and badminton. He graduated from the Government College of Engineering, Kannur, with a B. Tech in Mechanical Engineering. Then he worked for a multi-national shipping firm as a service engineer.

He was a bright student, and his friends would approach him for help with entrance exams. He started teaching them and found that teaching was his gift. His friends advised him to set up a coaching institute. Byju began to teach on the terrace of a close friend’s house. If you want more coverage for your business, get the digital marketing services of a company in your city.

In 2011, he started his education technology firm “Think & Learn Pvt. Ltd.  BYJUS”. In 2009, he created a digital learning program for CAT students. Students liked his teaching style, and soon he became a celebrity with more than 20,000 students. Hire a digital marketing services company to promote your ed-tech startup.

In 2015, he created a mobile application to help students with materials. The learning app would help students prepare for NEET, IIT-JEE, GMAT, and other civil service examinations. The BYJU Learning App soon had more than 3.5 lakh annual subscriptions, and his business took off from that point. An SEO agency in India will help you improve the user experience in your app.

With the help of digital marketing and advertisements, he reached millions of students in just two months. In 2021, Byju received the Forbes India Leadership Award (FILA). An SEO agency in India will help you advertise your products effectively.

Ritesh Agarwal: OYO Rooms

Ritesh comes from a business family in Odisha. He was a child who had a strong affinity for computers. He learned to code by reading his brother’s books when he was eight years. He made up his mind to take up coding as a profession.

When he was 16, he got selected for the Asian Science Camp in Mumbai. Its purpose was to promote the advancement of science. He had a lot of free time and would spend his days in budget hotels and PGs. He would attend events and meet entrepreneurs. This experience awakened him to solve the problem of affordable rooms.

He moved to Delhi to prepare for the SAT in 2011. But his plan never materialized, and he occupied himself in finding solutions for the budget traveller. In 2012, he started Oravel Stays and managed to secure the funding of Rs. 30 lakhs from Venture Nursery.

He presented his plan for budget hotels at the Thiel Fellowship and received a grant of $100,000. Ritesh gained confidence and worked 16 hours a day to achieve his goals. But Oravel Stays never took off. They changed the business model, but it did not work either.

In 2013, Ritesh re-launched “Oravel Stays” as “Oyo Rooms”. This time it worked, and the company currently owns more than 500 hotels and 20,000 rooms across India. As of 2020, Ritesh’s net worth was $1.1 billion.

The company uses AI for dynamic pricing and track metrics like weather and location. It uses NLP to enhance customer experience. Its success boils down to three factors: Customer service, operation efficiency, and asset owner support.

Vijay Shekhar Sharma: Paytm

Vijay was born in Aligarh, Uttar Pradesh, in 1978. He is a fan of rock music and rock concerts. In his school days, his friends could not afford a pair of slippers. He wrote a poem to lament the inequalities of life. He studied in Hindi medium and struggled in English at college. He graduated from the Delhi Institute of Technology as an engineer.

In 1997, he started a website but had to sell it after two years for $1 million. As a bachelor, his monthly income was just Rs.10,000, and society pronounced him unfit for marriage. But that didn’t stop him from reaching greater heights.

The turning point in life occurred when Vijay picked up a Forbes magazine. He read about successful brands like Apple, Intel, and HP. He found out that they all started in basement garages. Vijay wanted to fly to California to acquire a name for himself. But his financial condition killed all his plans.

Vijay founded Paytm in 2010. Its purpose was to help people pay internet bills, electricity bills, and shopping bills. Today it has expanded into an online bank that provides loan payments and insurance services.

In 2017, Paytm had 100 million downloads. In 2016, the Indian Government revealed its plan to demonetize some notes to check corruption. The need for cashless payments arose, and Paytm was one of the companies to capitalize on it. From that time, we see a digital revolution in the finance industry.

Paytm grew into a successful business through its YouTube and social media campaigns. In 2020, Vijay had a net worth of $2.35 billion.