Business

Country’s Best Entrepreneurs Seek Financing too: Best Examples of it

Country's Best Entrepreneurs Seek Financing too: Best Examples of it

As crucial as keeping track of accounts is for running a business, so is devising the right strategy to procure business finance.

It refers to the sources utilised to raise the required funding necessary to run and grow a business.

Ranging from large-scale multinationals to start-ups pioneered by budding entrepreneurs – business finance is a necessity for all companies irrespective of their size.

Aspiring entrepreneurs worldwide look for investors to raise initial capital, while additional funding is equally important to further the venture’s growth and expansion.

Raising capital finance to kick-start ventures has been a steady trend for years now. Similarly, driving growth and prosperity for such ventures has also seen additional financial infusion.

Here’s a look at some of the entrepreneurial success stories driven by capital and debt financing.

Successful entrepreneurs who turned to finance as a viable option

Some very successful entrepreneurs have, over the course of their journey, gathered funds from investors as well as through debt.

They also set examples of what well-timed business finance can do to companies.

  1. Sachin and Binny Bansal– Flipkart

Way back in 2007, Sachin and Binny Bansal founded Flipkart after investing a little more than $5,000 into building their first website.

Within a decade, the Bangalore-based start-up went on to become the most popular e-commerce site within the country, generating a revenue of $6.1 billion in the last fiscal year.

However, such growth story also rests on over twenty-two rounds of business finance funding, with which the company raised around $7.7 billion from investors across the globe.

The success of Flipkart is massive and can be a typical example of financial habits business owners should have to emulate success.

  1. Vijay Shekhar Sharma – Paytm

Anticipating the rise of online payments in the digital era, nine years ago, Vijay Shekhar Sharma invested $2 million to lay the foundation of Paytm. Starting off as an online recharge platform for mobile phones and televisions Paytm has remarkably transformed the entire transactional sphere of the country in a decade.

In its four rounds of capital finance funding, the company reportedly procured $2.2 billion from investors. Such financing also helped them expand operations via sub-companies like Paytm Mall, Paytm Payments Bank and Paytm Money.

  1. Sagar Daryani – Wow! Momo

Kolkata-based fast-food chain Wow! Momo is among the finest examples of how financing helped a small business gain significant ground in the country’s start-up industry.

In 2008, Sagar Daryani came up with the idea of investing Rs.30,000 in a momo outlet that soon took off.

In 2019, with financing from a New York-based investor, the company expanded its operations and has now turned into a brand worth Rs.900 crore, opening several outlets across the country.

  1. Rashmi Daga – FreshMenu

Rashmi Daga, an IIM graduate, set up the unique concept of cloud kitchen in the form of FreshMenu.

The brand met its financing needs in a highly competitive round of funding in December 2015 and is now worth more than $1.5 billion in the food delivery market.

From then on, the company grew on to operate in several top-tier cities including Hyderabad and Bangalore. Recording growth of more than 30 to 40 per cent per month, FreshMenu is all set to become one of the country’s most dependable and scalable business models.

While capital financing remains a critical business funding avenue for expansion, debt financing is equally important to fulfil other long and short-term financing needs of any venture.

Debt financing options like business loans help such emerging companies gain momentum. You must, therefore, know-how business loans keep your company financially healthy to survive in this competitive market.

NBFCs like Bajaj Finserv bring both general and specialised business financing options for accessible funding of large and small enterprises.

They also extend pre-approved offers to make financing hassle-free and quick. These offers are available on several financial products such as business loans, personal loans, etc. You can check your pre-approved offer simply by filling in some necessary details.

As for the entrepreneurs, they have portrayed how effective planning and securing of business finance is quintessential to making a company successful.

Such plans can be successfully complemented with debt funding through business loans, which are the perfect way to finance small to medium-scale businesses.

 

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