Hundreds of students from IITs and IIMs would later become highly paid executives in prestigious MNCs across the world. The perks and avenues offered by the global giants are too hard to resist and once you get used to high pay, it is very difficult to make a new beginning with humble means. It takes a lot of conviction in an individual to leave such high paying jobs to pursue his/her own dream as above all the fear of failure and insecurity looms large on an individual’s mind. However, there are no dearth of individuals who have overcome such fear and returned to India for a new beginning. Here we have enlisted seven such powerful people who left high paying jobs in foreign countries to start their own firm.
1) Swati Gupta: co-founder of Industrybuying
Gupta is a computer science graduate from Delhi College of Engineering who also holds an MBA degree from Carnegie Mellon University. She was working as head consultant with Opera Solutions, a New York-based analytics company before she moved to India where she observed that e-commerce segment will soon be a booming sector. She analysed the western market model and thought of building a one-stop solution for all business needs, doing away with all its inefficiencies. She along with her brother Rahul Gupta launched Industrybuying in 2013, an online marketplace for industrial supplies. He company which is based in Gurgaon sells a wide range of business and industrial products to SMEs as well as large businesses. However, their rise was not easy, after initial struggles, the company raised $2 million from SAIF Partners in February 2015. Then there was no looking back. The company raised Rs 12 crore in a round of funding from Trifecta Capital in January 2016. Besides, it is also funded , Kalaari Capital, the TVS Group and the Murugappa Group.Today, the platform claims to have 5,000 sellers. The customer base further increased to 150 enterprises and 75,000 SMEs.
2) Sandeep Aggarwal: CEO and founder of Droom
Aggarwal worked with several investments banks in US before returning to India where he pitched the idea of e-commerce portal ShopClues to several investors but he faced dejection. However, he launched Shopclues.com in June 2011 leaving close-to-$1-million annual job in US. Having worked for 15 years in four Fortune 500 compa nies in their global headquarters in the US, Aggarwal belives that irrespective of geography, industry or functional area of your work, the feeling of starting a start up from scratch is unbeatable. He launched Droom, an online marketplace for used automobiles, in 2014. He says, India is going through renaissance of digital economy revolution. It is going through entrepreneurism and suggests budding entrepreneurs to dare to dropout (of jobs and colleges) to follow their dream.
3) Neeraj Jain: CEO, Zopper
Having completed his graduation from Lucknow University and did his management diploma from IIM-Ahmedabad, Jain worked with Hughes Software and two other companies before launching his own financial consulting firm, Metalogos in 2006. However, it was in 2011, Jain long with his friend launched hyperlocal marketplace Zopper.The start upemphasises on the fundamentals of the brand, ‘combining online and local shopping’. While the old tagline was ‘Your local shopping app’, the new one reads ‘Local shopping ab online’. The company brings local retailers on board to participate in e-commerce. Jain believes entrepreneur must strive to maintain a fine balance between responsibility and liberty to fully realize his potential and test how high his dreams can take him.
4) Suchi Mukherjee: CEO, Limeroad
Mukherjee completed her graduation from Delhi’s St. Stephens college before pursuing higher studies at cambridge university and London school of economics. She worked with the premier organisation including Lehman Brothers, eBay and Skype before founding Limeroad. an online discovery platform for lifestyle products, in 2012. Mukherjee says We believe that individuals, not institutions, shape history.We believe that individuals will transform the Indian lifestyle retail industry as we know it . She describes Limeroad as an ultimate discovery programme where shoppers discover an endless stream of unique products and looks.
5) Ashwini Asokan: co-founder Mad Street Den
Asokan and her husband Anand Chandrasekaran both worked in the US before deciding to return to India in 2013. Together, the duo started Mad Street Den, a Chennai based start-up that is trying to make the business of retail more efficient.The start-up’s main product, Vue.ai, offers visual search technology, product recommendations, and personalized home pages based on the tastes of individual shoppers, among other features. Ths startup raised $1.5 million from Exfinity Ventures and growX Ventures, in addition to an undisclosed sum from Sequoia Capita. The company is one of the tens of start-ups selling efficiency-improvement tech to retailers.
“AI is one of the founding principles of why we started this. The second part of the founding principle is making AI accessible to millions of people across the globe,” says Asokan.
6) Riddhi Mittal: Co founder Finomena
An alumnus of Standford University, Mittal started Finomena along with IIT-Delhi alumnus Abhishek Garg in October 2015. The start up works on a unique concept. It uses algorithms to assess the creditworthiness of young working professionals, who would be denied loans from NBFCs and bank. Mittal was in the Holo Lens team of Microsoft in Washington before she moved India. She founded citizens disaster response force in 2014, a web platform to help families find and locate loved ones by enabling families to post Mission Person Reports and enabling rescuers to post Found Person Reports.
7) Neha Singh: Co founder Tracxn
After completing her B.tech and M.Tech from IIT Bombay, Neha got an MBA degree from Stanford Graduate Schools of Business. She later joined Boston consulting Group and subseuqently worked with Sequia capital before launching her own startup with Abhishek Goyal in June 2013. Tracxn helps VCs and investors identify potential areas of investment through intelligence and research. One of its investors is Ratan Tata. It provides actionable intelligence on start-ups to venture funds, corporates as well as other investors.