Meaning Entrepreneurship is the pursuit of starting, managing, and scaling a business. It involves combining innovation, skills, and vision to develop new products, services, or ideas that meet market demand and create value for a target audience A person who undertakes the risk of starting a new business venture is called an entrepreneur . An entrepreneur creates a firm to realize their idea, known as entrepreneurship, which aggregates capital and labor in order to produce goods or services for profit. An enterprise is defined as a legal entity possessing the right to conduct business on its own, for example to enter into contracts, own property, incur liabilities and establish bank accounts. An enterprise may be a corporation, a quasi- corporation, a non-profit institution, or an unincorporated enterprise.
The term “startup” refers to a young company founded by one person or several entrepreneurs. They have a business idea and want to develop unique products or services into the market, and initial funding comes from the startup founders, as well as their friends and families. The term unicorn refers to a privately held startup company with a value of over $1 billion. It is commonly used in the venture capital industry. A venture capitalist (VC) is an investor who provides young companies with capital in exchange for equity.
Hike Messenger, also known as Hike Sticker Chat, was a multifunctional Indian adware application offering cross-platform instant messaging and Voice over IP services that was launched on December 11, 2012, by Kavin Bharti Mittal and is now owned by Hike Private Limited. Hike functioned offline through SMS. Initial release date : December 2012 Available in : 10 languages Developer(s) : Hike Private Limited Operating system : Android , iOS , Windows Phone , Web app, Blackberry OS , Symbian S60 Original author(s) : Kavin Bharti Mittal Platform : ARM, x86 / x86-64 Size : 2278.3 MB ( iOS ); 75.16 MB ( Android
redBus is an Indian online bus ticket booking company that provides bus ticket booking through its website and iOS and Android mobile apps. Wikipedia Customer service : 099456 00000 Headquarters : Bengaluru CEO : Prakash Sangam (Jun 2014–) Date founded : 2006 Founders : Phanindra Sama , Charan Padmaraju , Sudhakar Pasupunuri Parent organizations : MakeMyTrip , Goibibo Byju's is an Indian multinational educational technology company, headquartered in Bengaluru. It was founded in 2011 by Byju Raveendran and Divya Gokulnath . As of January 2024, Byju's made a valuation ask of $200 million, a sharp fall given its peak valuation of $22 billion in 2022. Wikipedia Founders : Byju Raveendran , Divya Gokulnath Subsidiaries : Gradeup , Epic! , WhiteHat Education Technology , MORE Founded : 2011 Revenue : 5,298 crores INR (FY22, US$660 million) Headquarters : Bangalore, Karnataka, India
OYO Rooms, also known as OYO Hotels & Homes, is an Indian multinational hospitality chain of leased and franchised hotels, homes, and living spaces. Founded in 2012 by Ritesh Agarwal, OYO initially consisted mainly of budget hotels. Founder : Ritesh Agarwal CEO : Ritesh Agarwal (Jun 2013–) Founded : 2013 Headquarters : Gurgaon, Haryana, India Number of employees : 1,330 (2023) Owners : SoftBank (46.62%); Ritesh Agarwal (33.15%); Ola Cabs is an Indian transportation company that provides ridesharing services and operates other business verticals such as financial services and cloud kitchens. It is headquartered in Bangalore, Karnataka and operates in 250+ Indian cities. Wikipedia Founders : Bhavish Aggarwal , Ankit Bhati CEO : Bhavish Aggarwal (3 Dec 2010–) Subsidiary : Ola Electric Revenue : 2,799 crores INR (FY23, US$350 million) Type of business : Privately held company Founded : 3 December 2010, Mumbai Headquarters : Bangalore, Karnataka, India
Swiggy is an Indian online food ordering and delivery platform. Founded in 2014, Swiggy is headquartered in Bangalore and operates in more than 580 Indian cities, as of July 2023. Wikipedia Owners : SoftBank Group , Prosus , Accel Founders : Sriharsha Majety , Nandan Reddy , Rahul Jaimini Subsidiaries : Dineout Services Pvt Ltd , Scootsy Logistics Pvt. Ltd , MORE Founded : 1 August 2014 Headquarters : Bangalore , Karnataka , India Number of employees : 6,000 (2023) BigBasket is an Indian online grocer headquartered in Bangalore, India, and currently owned by Tata Digital. It was the first online grocer in India, set up in 2011. It is a registered company with the name Supermarket Grocery Supplies Pvt. Ltd. Wikipedia Founders : Hari Menon , Vipul Parekh , Abhinay Choudhari , VS Sudhakar , VS Ramesh Revenue : 9,695 crores INR (US$1.2 billion, FY23) CEO : Hari Menon (2011–), VS Sudhakar (2011–) Parent : Tata Digital Customer service : 1860 123 1000 Founded : October 2011 Brands : : Fresho ; BB Royal; BB Popular; BB Home; GoodDiet ; HappyChef ; Tasties ;
1. Idea Generation : every new venture begins with an idea. In our context, we take an idea to be a description of a need or problem of some constituency coupled with a concept of a possible solution. (A characterization of this phase is still work in process on this site.) 2. Opportunity Evaluation : this is the step where you ask the question of whether there is an opportunity worth investing in. Investment is principally capital, whether from individuals in the company or from outside investors, and the time and energy of a set of people. But you should also consider other assets such as intellectual property, personal relationships, physical property, etc. 3. P lanning : Once you have decided that an opportunity, you need a plan for how to capitalize on that opportunity. A plan begins as a fairly simple set of ideas, and then becomes more complex as the business takes shape. In the planning phase you will need to create two things: strategy and operating plan. 4. Company formation/launch : Once there is a sufficiently compelling opportunity and a plan, the entrepreneurial team will go through the process of choosing the right form of corporate entity and actually creating the venture as a legal entity. 5. Growth : After launch, the company works toward creating its product or service, generat ing revenue and moving toward sustainable performance. The emphasis shifts from planning to execution. At this point, you continue to ask questions but spend more of your time carrying out your plans.