Startups are the corporate fuel of India. Over the years, we have witnessed the rise of many companies that rose to fame. These corporate associations or startups emerge through innovation and extensive market research.
Starting a business does not mean you found a product, and you can start selling it. In actuality, creating a startup means going through many processes and steps, even in the initial stages. A person can develop an idea, but without proper guidance, the idea can hardly be executed for success.
As such, seeking corporate legal advice should be your first step after coming up with a product and services.
A good corporate law firm can help you smoothly get through the crucial processes. This process includes creating a concise business plan, conducting different studies, obtaining the primary legal documents like MOA and AOA. Before becoming a renowned brand, you need to exist legally.
These are the top 10 startups of India, which have created noteworthy presence just by following each step within good legal supervision-
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Founded by Deepinder Goyal and Pankaj Chaddha in 2008, zomato is one of India’s leading food delivery startups. Zomato is currently delivering delicious food from different restaurants in over 24 countries. During the lockdown phase of 2020,
Zomato has also started providing groceries for the ease of people. Its total funding is a whopping $914.6 million!! How did they make it so big as a new startup? Well, it’s easy by following a systematic legal and innovative path.
Another food delivery brand that is always in the headlines is Swiggy! It was founded by Sriharsha Majety, Nandan Reddy, Rahul Jaimini. Nothing is more frustrating than food cravings, and Swiggy is here to solve that problem. It is based in Bangalore and has gone to become the largest food delivery chain in India.
This application delivers food and helps make a reservation, deliver groceries, and explore new restaurants. Currently, they are expanding their services further by delivering groceries, pet food and other essential at your doorstep.
We are well on the way to becoming a cashless economy! What makes it easier to pay bills online? The first name that pops in mind is Paytm. It is based in Delhi. Paytm has created the pinnacle of economic transactions through electronic media.
PayTM allow payment of electricity bills, food bills, DTh etc. Paytm even has an online store that sells all types of goods. Handling such a large conglomerate is not an easy task. Their corporate legal support must be a professional in the law field, handling all legal obligations.
4. Ola Cabs
Ola is a cab service operating in over 60 countries. It was founded by Bhavish Aggarwal and Ankit Bhati in 2010. As of February 2020, it has 25000 registered cab drivers. Cabs are a vital service for anyone.
You cannot use your vehicles every time you go out. Instead, a cab will take you to your destination at a low price. This method is sustainable as well as eco-friendly as people can even share or pool their cab. An idea that was implemented with a swift legal execution process lead to the success of Ola.
Oyo is known for being a major hotel booking and vacation house renting service. It offers various discounts and offers to the customers to make the vacation more joyful and less costly. Ritesh Agarwal founded this in 2013 to provide budget hotels for holidays.
Since, then it has expanded and now is registered with a budget and luxurious houses, hotels, lodges. Initially, it only operated in India, but now it provides services to the UK, Malaysia, Brazil, Japan and many more. Its total funding is $3.2 billion, and it operates in around 80+ countries.
Byju’s, a learning app and online tutoring app founded by Byju Raveendran. They provide tutoring classes from 1-12th and even help in preparation for competitions like IIT, medicals etc. It has over 40 million users, with 3 million subscribers. It is a revolutionary app since offline tuitions are often time taking and long.
This is where Byju’s comes in. It provides illustrative explanation videos for different subjects and topics which are not more than 20-25 minutes. They have a team of experts to helps students excel in school and their career. This success was not possible if their legal foundation was not robust and secured through an excellent corporate lawyer or law firm.
Delhivery private ltd. is one of the largest logistic courier providers in India. It has a world-class delivery system, storage, warehousing, real-time tracking, control and flexible payment options.
Delhivery is a trusted service by many big brands like Myntra, Nykka etc. Delhivery was initially started as a local delivery service for flowers and foods in Gurugram, which has now expanded globally! It’s current shares value at $1.6 billion.
These startups, stemmed from the intellect minds and innovation. They followed every legal procedure required to be abided by corporates. As a result, they have become a prime source of economic development and gained popularity worldwide.