According to Nasscom, India ranks third in global startup ecosystem with more than 4,200 novel companies. The Indian Startup Ecosystem is thriving and has reached to the heritage panorama, the ‘Pink City’, Jaipur. While India is well-known for its brains and multiple skilled individuals, Jaipur is the new destination of Angel Investors and venture capitalists. They find the city brimming with enthusiastic people and youngsters who are introducing brilliant concepts in technology, mobile development, E-commerce and serving the society.
Cardekho.com, RazorPay, CultureAlley, TaazaSabzi, HippoCabs, Houssup, Streetjumper, Intellipaat, LogicRoots- what’s common among all of them? They all originate from the capital of Rajasthan, and the list is comprehensive. The Ratan Tata empowered auto portal listing company, CarDekho (initiated by Girnar Soft in 2007) raised $65 Million expanding to new ventures – BikeDekho, PriceDekho. The company provides a wonderful platform to all those auto buffs as they can gain latest insights into car features, its prices and other specifications.
Having around more than 40 startups under process, Jaipur is receiving the attention of potential angels who are currently powering up the Indian giants, Flipkart and Ola. Razorpay has become the second-largest startup, revolutionizing online payments by offering a simple, cost-effective and secure payment gateway to startups, small business groups, schools and institutes. It is, in fact, listed among the ones chosen by Y Combinator, an American seed fund investor. RazorPay also is excellently motivated and backed up by Startup Oasis – an incubator set up by Rajasthan Industrial Investment Corporation (RIICO).
Besides establishing its name in e-commerce and comparison platforms, the city is bringing learning to people instead of people to learning with the origin of Intellipaat Software Solutions Pvt. Ltd. Within four years (since its inception in 2011), this Jaipur-based e-Learning provider has developed to the ever-evolving community of 250,000 learners and more than 40 corporate clients including Cisco, Genpact, Wipro, TCS and others. Intellipaat aims at providing high-quality, online learning to students and professionals all across the globe in top niche technologies and business platforms like Big Data, Hadoop, Business Intelligence, Data Science, Programming, Web Development, Database, Digital Marketing and many others.
HippoCabs is again a relaxing, luxury shared cab service on the route of Jaipur and Delhi (capital of India). You can choose your ride from an array of timings and enjoy an affordable drive to the destination.
It is impressive to know that the Silicon-Valley Founder Institute is soon going to launch its division in Jaipur. Many incubators and mentors have lately observed that the state of entrepreneurship has showed a rapid transformation in the city over the last three years. Jaipur consumers find them more trustworthy, and even fresh graduates and experienced professionals out here are favoring startups for employment.
Rajasthan Venture Capital Fund (RVCF) has signed an agreement with Startup Oasis and CIIE to dedicate 10% of its Rs 500 crore third fund for the startups. Jaipur now owns the largest IT SEZ in the country. A home to many engineering colleges, this place is becoming a hub of successful entrepreneurships.
The very reasons why investors and individuals are confident about Jaipur is because of easy commutation from one location to another without any aggressive traffic race like we have in the cities of Mumbai, Kolkata, Delhi, Bangalore . Further, the beautiful city design gains people’s attention and relatively lowers startup costs is the key factor. To be sure, Jaipur is expected to institute more than ten startups this year.