International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 11 Issue: 07 | July 2024
www.irjet.net
p-ISSN: 2395-0072
Startup Ecosystems across Sectors: Lessons from Urban Company - Pari Aggarwal --------------------------------------------------------***---------------------------------------------------------------Abstract - This research paper summarizes startup culture in India along with analysis of one of the most famous and
successful service based startup that is Urban Company previously known as ‘Urban cap’ where evaluation on their revenue and profit/loss is taken in consideration. The other analysis is on sector-wise number of startup coming in India. This paper will help to find the successful rate of startups in India along with an example of service based sector startup.
1. Introduction: The emerging start-up biological system in India has risen to be a dynamic factor changing the financial scene of the nation. Driven by an explosively tech oriented population, strong web influence, and steady government arrangements, Indian new businesses are thriving over diverse segments such as innovation, e-commerce, fintech, healthcare, Edtech, and Agritech. Metro Cities like Bengaluru, Delhi NCR, Mumbai and Hyderabad have gotten to be major startup centers, drawing in considerable conjecture from both residential and universal speculators. Activities like Startup India, Computerized India, and Make in India have advance fueled entrepreneurial desires by giving monetary help, mentorship, and streamlined administrative systems. In spite of challenges such as administrative complexities and furious showcase competition, Indian new companies proceed to improve and scale quickly, situating the nation as a worldwide hotspot for entrepreneurial movement and mechanical progression. Basic terms related to start ups: 1. 2. 3. 4. 5. 6. 7. 8.
Set up costs refer to all expenses associated with beginning a new operation or manufacturing run. Fixed costs are the out-of-pocket charges related to the production's fixed variables. (Includes machinery) Variable costs refer to expenses for variable production elements such as labor and raw materials. Bootstrapping refers to self-funded startups. Net revenue is the entire amount of sales the business makes after deducting specific costs. Gross profit is the amount of money a company makes after deducting all manufacturing-related expenses. Operating profits: earnings from the business's primary activities. Net profit is the amount of money a corporation has left over after.
2. Sector Wise Start-ups in India: 1. Product Based Start-ups: Product-based startups in India have made great strides with their focus on innovation, quality and meeting specific consumer needs. These startups cover a variety of sectors including technology, consumer goods, healthcare, etc., contributing to the country's growing reputation as a hub of entrepreneurship and innovation. Below are some notable sectors and examples of product-based startups in India: Key Sectors for Product-Based Startups a.
b. c.
Technology and Electronics boAt: Specializes in audio products such as headphones, earbuds, speakers, etc. Known for their elegant design and durability. Noise: Offers a range of smart wearables such as smartwatches and wireless earphones Consumer Goods Mamaearth: Offers natural and toxin-free personal care products for babies, mothers, and individuals. Wow Skin Science: Offers a wide range of health and beauty products made from natural ingredients. Healthcare & Biotechnology Biocon: Focused on biopharmaceuticals including insulin and other biosimilars.
© 2024, IRJET
|
Impact Factor value: 8.226
|
ISO 9001:2008 Certified Journal
|
Page 887