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It’s not about ideas. It’s about making ideas happen.– Scott Belsky
The Global trend today is the monetization of time and talent. Digital Entrepreneurship is the heart and soul of the digital entrepreneurs; who wishes to be their own boss, has one’s heart set on making that extra income even while sleeping, etc.
Are you one among these? Then this blog is for you! Check-it-out to set-up a benchmark after all entrepreneurs are doers and not just dreamers.
Today the human race is darting behind digitization. Digital screens are fashionable in this era. The digital entirety is at the tip of the finger in the wake of the internet.
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India has also stepped into this digital world and is now the globe’s sixth-largest economy with a $2.6 trillion share. The norms of Digital India, Start-up India, and Make in India, started by Prime Minister Narendra Modi, have smoothed the path for digital entrepreneurs in India, intending to reach a $5 trillion economy by 2025.
Among the top start-up nations of the world, India is in the third spot having more than 7,000 start-ups. We are in the eon of innovation and entrepreneurship. With strong willpower, determination, and desire to succeed, some of the youngest brains of India have become digital entrepreneurs even before turning 18.
Unquestionably they have changed the Sovereign State’s realm with their creative and innovative ideas. Let’s now see the inspiring success stories of the top 11 Indian digital entrepreneurs.
Before listing the top entrepreneurs, let’s first understand some leading aspects of entrepreneurship.
Entrepreneurship, What Does it mean actually?
Over the last two decades, the interest in entrepreneurship significantly increased. Even today, several questions woven around the concept of entrepreneur remains unanswered. Many aspirers don’t have a clear idea regarding:
- Who is an entrepreneur?
- Why is an entrepreneur different from other business people?
- What is digital entrepreneurship?
- Whether digital marketing and digital entrepreneurship are same?
Precisely, these questions depict the curiosity of the national and international denizens in entrepreneurs and entrepreneurship.
Who is an Entrepreneur?
A mind that creates, conceptualizes, and commercializes larger-than-life ideas and is courageous to make the ideas a reality is what an entrepreneur is.
An entrepreneur is the one who drills out the ideas, derives concepts, and directs the endeavor, shouldering all the accountability.
Why do Digital Entrepreneurs differ from other business people?
Entrepreneurs are crazy people with crazy ideas. Out of this craziness comes innovation. The innovation can be a new product or service or producing new and innovative ideas from the old ones, inaugurating a new source of supply of commodities, a factory outlet for products, and orchestrating a new industry,
Contrarily to other business people, the entrepreneurs rework, redesign, and revamp a product or a service by exploiting it.
What is digital entrepreneurship?
Entrepreneurship today, is everything about being innovative and creative, having a diverse skill set and caliber to identify and solve problems, generating finance, and having the grit to grapple with Gordian knots.
Digital entrepreneurship is the entrepreneuring in the digital world using digital technology. The Digital entrepreneurship includes unique ways of spotting digital customers for entrepreneurial ventures, strategizing and offering cost-effective products, revenue generation, teaming up with global digital platforms, and the advantage of the chances available.
Whether digital marketing and digital entrepreneurship are same?
Occasionally, digital entrepreneurship and digital marketing are being termed just in the reverse. Nevertheless, there is a lot of difference between the terms. Digital entrepreneurship, otherwise known as digital business, is a methodology that organizations embrace for an online and offline businesses.
Furthermore, it focuses on creating valued services and products and revenue improvement and hastening the organization’s production rates. Thus, it results in the digital transformation of the said organization. Freelancing or Gig based work, online tutoring or coding jobs, e-commerce or affiliate marketing, blogging, or vlogging are examples of digital entrepreneurship.
On the contrary, digital marketing is the technique of advertisement which uses the internet to connect the business with the customers. The organization advertises its products and services to consumers. It is a resource or tool meant to achieve business online.
For example, social media marketing (SMM), search engine optimization (SEO), email marketing, and digital advertising come under digital marketing.
Do digital entrepreneurs need to be digital marketers also?
While this may be true, all digital entrepreneurs, to endure in the online market, should learn digital marketing also as it is a pressing priority. Digital marketing helps to build awareness of the brand, to understand business strategies, make perfect use of social media platforms, etc., for realizing the business goals.
Truly, digital entrepreneurs can master digital marketing skills by learning them. Globally and also across India, there are plenteous academies that teach digital marketing skills. One and the best among these academies is Henry Harvin Digital Marketing Academy. So join the Henry Harvin Digital Marketing Academy today! This can become a plus point for you to give a boost to the business that you yearned for.
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List of Top 11 Digital Entrepreneurs in India
- Byju Raveendran
- Shradha Sharma
- Ritesh Agarwal
- Vijay Shekar Sharma
- Manish Singh
- Siddhant Thakran
- Shravan and Sanjay Kumaran
- Bhavish Aggarwal
- Deepinder Goyal
- Jeevan Tiwari
- Shivam Kumar Singh and Varun Sharma
1. Byju Raveendran
Byju’s – The Learning app, founded in 2015 by Byju Raveendran and Divya Gokulnath, is a world-class ed-tech start-up company. The app is the brand name for Think and Learn Private Ltd. Considered the top-grade online tutoring venture headquartered in Bangalore, with over 115 million registered students.
As of March 2022, this unicorn company is US $22 billion in value, which makes Byju Raveendran one of the youngest billionaires in India. His passion for teaching math made him take up teaching as a full-time job. He then went from teaching a few friends to teaching hundreds of students in big conference halls, and through satellite communication (VSAT).
Subsequently, to offer online lessons, he established Think & Learn in 2011 and evolved as an entrepreneur. Finally, launched the flagship brand BYJU’S in 2015.
Surprisingly, Raveendran’s innovative learning app made learning to march to the beat of a different drum. Additionally, he made learning fun and easy, personalized, more effective and engaging, and importantly accessible to all levels of society.
Accordingly, he milked the benefits of data science and technology and made education personalized based on the learning tempo and traits of a student. Globally, this contextual method has revolutionized the ways of learning for K-12 students, thus molding a student to love learning.
Raveendran’s start-up trains students for national examinations like IIT-JEE, NEET, CAT, and IAS and international exams like GRE and GMAT.
For this purpose, Byju has received several awards, including the 2018’ Business Standard Annual Award for Corporate Excellence. Moreover, Raveendran also won the EY Entrepreneur of the Year Award (Startup category) in 2018. In July 2019, Byju got endowed with Indian cricket team jersey rights. At Harvard Business School, this app has become a business case.
2. Shradha Sharma
Secondly, Shradha Sharma, the former Journalist at CNBC TV18, is now one of the top Digital Entrepreneurs in India. Shradha is the Founder, Chief Editor, and CEO of the digital media rostrum ‘YourStory,’ which publishes the stories of successful startups, entrepreneurs, change-makers, and resource pieces in 12 different Indian languages.
Initiated in 2018, YourStory is a reckoned startup, with YourStory.com, SocialStory, and HerStory being the nubbin properties. Today, the app reaches 10 million enthused book lovers every month, and up till now, over 40,000 stories of successful entrepreneurs has got published.
Further, Shradha acknowledged that many people globally carry out galactic activities but are hardly recognized by anyone. For this reason, she devoted her time penning down the stories of successful people and posting them on her blog.
Moreover, her keen interest in new conglomerations turned her blog into a website that has reached new heights today. Meanwhile, her magnific content mesmerized the crowd. Thereupon, YourStory has received financial funding from legendary capitalists like Ratan Tata, Karthee Madaswamy, Vani Kola, and T.V. Mohandas Pai. The estimated net worth of YourStory is $678000.
Consequently, Shradha got selected on the list of 500 LinkedIn Influencers in 2015. As an Online Influencer, again in March 2015, Shradha was bestowed with the L’Oreal Paris Femina Award.
3. Ritesh Agarwal
Third on the list, Ritesh Agarwal, is one of the youngest and most successful founders of the world’s third-largest, and fastest-growing chain of hotels, and homes, for voyagers in about 800 countries. At the age of 17 years, Ritesh Agarwal traveled to different cities in India; with budget planning in mind, he found that there was an acute scarcity of decent, affordable, and convenient stays to be on vacation.
In order to, address the ordeals of the travelers, and to deal wisely with location, quality, and price, he embraced technology and talent. Being inspired by Airbnb and with the support of Oravel Stays he started his journey to establish digital entrepreneurship.
Therefore, to change the way people prevail, he firstly upgraded and redesigned the old-fashioned hotels and rooms with fashionable, sassy, and elegant next-generation designs and ideas. Secondly, he offered these mod cons at unmatched prices. . That’s how OYO was initiated in May 2013 called OYO Hotels & Homes.
This strategic visionary is stepping in the furtherance of global business. Recently the @Leisure Group joined the OYO chain, retitled as OYO Vacation Homes. OYO today has expanded its boundaries to more than 800 cities across 80 countries – India, China, Malaysia, Nepal, UAE, UK, US, Europe, Indonesia, Saudi Arabia, the Philippines, Japan, and Vietnam.
OYO has leading sponsors, including the Hero Enterprise, China Lodging Group, SoftBank Vision Fund, Sequoia Capital, Lightspeed Ventures, etc. The company recently raised $1 billion and gained unicorn status.
Worth and Recognitions
With its multi-branded approach, as of January 2022, it has a total value of the shares which can be approximated to about ₹330 crores (US$43 million), as per its last valuation of OYO of $9.6 billion.
Recognized by LinkedIn as one of the top employee attractors in India four years in a row (2016, 2017, 2018, & 2019). Further, awarded Market Entrant of the Year 2019 (UK-India Awards).
4. Vijay Shekar Sharma
Vijay Shekar Sharma is the founder and CEO of Paytm, one of the predominant fintech companies. The company focuses on digital payments and wallet-based payments. Paytm changed the scenario of making payments very easy and convenient. It is still considered one of the country’s first startup systems of e-wallets.
According to the Forbes list of India’s 100 Richest People (2020), Vijay Shekhar Sharma ranks second-youngest billionaire with $2.35 billion in wealth. Contrastingly, Sharma now lost his billionaire status, and as of March 15, 2022, the company’s estimated net worth is $999 million.
The Paytm that Sharma had developed is the schema designed to solve the grievances of the poor and economically weaker sections of society. The most disrespected and ignored community sections were allowed to use this app with due dignity.
Vijay Shekar Sharma, along with the Paytm app, has also ornamented Paytm Mall, Paytm payment bank, and e-commerce business. This app is the first of its kind to offer the facility of a zero-balance account. Shopping facilities and UPI payments facility is available with this app. With its rises and pitfalls, Paytm continues as a brand of e-commerce to date.
5. Manish Singh
Well known as the Pioneer of Digital Entrepreneurship in India, Manish Singh is India’s Youngest Digital Entrepreneur and also Youngest Millionaire in India. He brought a breakthrough in the Indian Market with his exceptional skills in Digital Marketing.
Manish Singh’s entrepreneurial journey started in 2019 with the establishment of ZZED Media which is brimming over successfully. Ultimately, Manish metamorphosed from an ordinary digital marketer to a digital entrepreneur.
Further, Manish Singh, who made a brand out of nonentity, has now crossed the $2 Million mark and owns four companies ZZED Media, ZZED Software and Corporation, ZZED News and Press Agency, and ZZED Digital University.
6. Siddhant Thakran
Siddhant Thakran, is the young Indian tech whiz and also the Founder and CEO of the “Webtenium Ventures Worldwide Private Limited. He is a brilliant digital entrepreneur, and Asia’s top Digital Marketing Expert, Business Developer, and Personal Brander.
In 2020, Siddhant launched Webtenium Ventures, with a proficient group of web designers, developers, and market strategists. Webtenium is a cutting-edge company staunched to web development, digital marketing, management, and branding. As the CEO and founder, he guides his creative team to success.
The company is pressing forward to develop simple technological solutions for the digital world aspirers. Today, Siddhant’s company consists of Widenium Digital (A Digital Agency Built for All), Waypreneur Magazine(News/Media), and recently Started-up with Posh18 Network (Premium Influencer Marketing, Growth & Management Agency).
7. Shravan and Sanjay Kumaran
Shravan and Sanjay, the youngest Indian digital entrepreneurs, are just 17 and 15 years old, bagging exceptional digital skills. The ‘Korea Herald newspaper 2013 explicitly, ranked these kids among the top ten designers in the world. They have cofounded a mind-boggling app development venture called ‘Godimensions’ for Android and iOS mobiles. This app aims to engineer simple and convenient cure-alls for digital media. Further, they have built seven more apps for the App Store and three for Google Play.
Interestingly, the app goDonate is a magnificent platform for sharing excess food, clothes, and furniture with those in need. The apps developed by the siblings have walloped many others holding a record of over 70,000 downloads in more than 60 countries.
When Shravan and Sanjay began designing the apps before turning fifteen, these wunderkinds astonished everyone with their tectonic achievements. Further, Apple sighted them as the youngest Mobile Application Programmer in India.
They also have the credit of developing a device to lock and unlock the house using a mobile app. Dynamically, they have designed a technologically advanced wireless virtual reality googol to give an in-field game experience while playing them. Presently, they are developing a game for it now.
8. Bhavish Aggarwal
Bhavish Aggarwal is an Entrepreneur, Founder, and CEO of the most popular OLA Cabs startup in India. Firstly, OLA started in 2010, in consequence, of a dispute with a cab driver who demanded more money for the ride. The GPS technology and smartphone utility formed the basement of its origin. Based in Bengaluru, Ola earns its income from the holy grails on ride bookings, security charges on new drivers, etc.
Further, Bhavish revolutionized with his idea of hailing cabs employing smartphones as it bestowed its users with the convenience of booking from anywhere and at any time. Today, he is known for his success as an entrepreneur because of his sheer will, determination, and courage to take and face risks.
Today OLA is available in countries like London, New Zealand, and Australia and is worth more than $6.5 Billion (Rs 48,750 Crores).
By virtue of his success, Bhavish is the giftee of the Billionth award in 2013, listed in the Forbes 30 under 30 list, and Best startup of the year by IAMAL to mention a few.
Another startup, OLA Electric Scooter, was also launched by Bhavish. For sure, he owes his place among the top digital entrepreneurs of India.
9. Deepinder Goyal
Deepinder Goyal is the duke of the Food Tech Industry. Along with his colleague Pankaj Chaddah, Goyal initially launched Foodiebay in Delhi, now entitled Zomato, which has revolutionized the online ordering of food in India. Zomato facilitates table bookings, urgent home deliveries, and late-night cravings in 100 cities across 19 countries.
Admirably, the app embroiders the menus similar to the restaurant, along with reviews to pick the best. Explicitly, this Indian Restaurant accumulator has spread its wings to almost all Indian cities. It has also laid its steps towards international expansion to befit the sweet tooth. Brilliantly designed, the mobile app is user-friendly, enables you to order from your favorite greasy spoon, and allows hassle-free payments.
Inexplicably, this fledgling startup is worth $650 million, according to Bloomberg Billionaires Index. Consequently, Zomato received multiple awards, mostly user’s choice, and Deepinder Goyal has succeeded in taking his venture to alluring acmes!
10. Jeevan Tiwari
Jeevan Tiwari is one of the youngest digital entrepreneurs and the youngest millionaire in India. Besides being an influencer, he is also a Guinness book world record holder in modeling and acting. He is the founder of Ezee Digital Marketing Companies, with the highest turnover in the digital marketing industry in India.
This youngster, whose renown is indeed international, is said to be the pioneer of Digital entrepreneurs in the country. His exceptional digital marketing skills made his company strike a turnover of 3 million. His companies deal with app development, web development, search engine optimization, social media marketing, celebrity management, and influencer development. Thus, he sets an example for digital media aspirers.
11. Shivam Kumar Singh and Varun Sharma
The tag team became the founders and CEOs of Zzonic Media in 2019, which made headway in the digital marketing industry in India. Ever since its inception, there’s no turning back. The company promotes social media marketing, search engine optimization, website development, lead generation, brands promotion through digital media, and many more.
Further, they lent a hand to many companies to emerge as a brand. Additionally, equipped with advanced strategies and expertise in digital marketing, ZZONIC MEDIA propped many business units to reach the summit.
On the whole, the work ethics of the partnership has rewarded the company with a six-figure income within the first eight months of its genesis. In fact, Shivam and Varun were awarded the ‘youngest digital Entrepreneur’ in a jiff.
Moreover, the duo is steering toward starting Magazine Max, an online portal for digitalizing every small business and also to promote brands and startups. Finally, it’s predestined to begin an online learning platform to bring awareness to the scope of digital marketing and teach students about digital marketing and its importance.
As spoken of earlier, Digital Entrepreneurs rechanneled the Indian economy with their inventiveness and ability to think out of the box. India is a jillion of intellectuals, and there is tremendous scope for entrepreneurship. Eventually, Digital platforms are offering the promise of an attractive career.
At the same time, success cannot happen within an imperceptibly brief time. But skill, hard work, and good work ethics cannot go unrewarded.
Finally, the entrepreneurial aspirers with ground-breaking ideas can scrutinize the schemes of such successful entrepreneurs to make their startup a gaga.
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Ans. An entrepreneur is one who creates, conceptualizes, and commercializes larger-than-life ideas and is courageous to make the ideas a reality. They derive the concepts, direct the endeavor, and shoulder accountability.
Ans. A digital entrepreneur is innovative and creative and has a diverse skill set and caliber to identify and solve problems. Generates finance lives by trading online, and offers products or services for profit.
Ans. Digital entrepreneurs should have
1. The Knowledge of digital marketing skills – Search Engine Optimization (SEO),
Search Engine Marketing (SEM), and Social Media Marketing (SMM).
2. Freelancing skills
3. To be a Social Media Influencer
4. To build products or services that can be offered virtually.
Ans. Every entrepreneur, to endure in the online market, should learn digital marketing as it helps to build awareness of the brand, to understand business strategies, make perfect use of social media platforms, etc for realizing the business goals.
Ans. The entrepreneurs rework, redesign, and revamp a product or a service by exploiting it. They innovate and market new products or services or produce new, have innovative ideas from the old ones.
I have completed one month course in digital marketing course from HENRY HARVIN institute. The live projects and classes helped me to broaden my knowledge of SEO and digital marketing.