5 Bootstrapped Startups That Made It BigNew-age, self-funded startups are aiming and achieving high profits and scalability.

BySamiksha Jain

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

Bootstrapping is not a new concept in the startup world, but it is surely the latest fad with more and more founders choosing to use their own funds. Entrepreneurs with bootstrapped companies have built a sustainable business enterprise relying purely on their own investment. Such new-age, self-funded startups are aiming and achieving high profits and scalability.

The perception that a bootstrapped startup struggles to break even and turn profitable has been completely shattered by the businessmen. Staying bootstrapped takes a lot of grit, patience, and faith in the product.

Here are 5 bootstrapped startups that have made it big in the startup ecosystem.

1. Turning dream kitchens into reality

With the intention of turning dream kitchens into reality, Modspace.in, is an online furniture company for delivering internationally designed modular kitchens and home goods specifically customized to suit varied tastes and lifestyles. Keeping today's evolved Indian consumer in mind, the brand manufactures the products entirely at its own state-of-the-art manufacturing facility with wood and equipment imported from Germany and Italy.

2. Get personalized services at just a click of a button

Bengaluru-based home services aggregator, Onetimejobs.com, provides personalized services at just a click. The portal has been designed to offer solutions for all kinds of everyday needs. Its wide range of services encompass civil engineering works, one-time security, event guarding services, fire/security audits, advocate and legal services, home/office automation, events organisation, background verification and the like. Apart from these, portal also facilitates interaction with handymen who are equipped to handle electrical, plumbing, home cleaning, carpentry, party/event organising and other skilled assignments.

3. Hassle-free access to loans

LoanAdda,结合我n September, 2015 is a financial technology company that delivers a range of custom-tailored financial services with a focus on underbanked consumers across the globe. Since inception, LoanAdda has scored more than 50,000 applications across 2,000 data points per application as an online aggregator that facilitates customized financial requirements for businesses and individuals with limited banking access. Based in New Delhi, the company's mission is to improve financial inclusion services in India and promote hassle-free access to loans

4. Now meet and engage with like-minded people

Affimity is the next step of evolution for social networking which provides a platform for like-minded people to meet and engage with. Founded by Ramana Venkata, Amar J Singh and Parveen Mittal in 2014, the company has offices in Santa Clara and Bangalore. While the traditional social media platforms did manage to fulfil that expectation to some level, the overall experience was less than satisfactory–most of the social feeds were extremely noisy, leaving little time to indulge in real interests. This is where, the founders realised, an urgent need to flip the concept of social media interactions.

5. Digital merchandiser serving mobile lifestyle

SyberPlace.com is digital merchandiser serving mobile lifestyle. Hyderabad-based startup serves aspirations of people from abundant technology and social capital available. The Company delivers unparalleled end-to-end experience from its 6 stage customer life cycle management framework.

There is nothing wrong with your startup if you have bootstrapped it for long, it just shows that your business model is practical and sustainable. Go for funding only when you need it, not because everyone tells you to.

Wavy Line
Samiksha Jain

Former Staff, Entrepreneur.com

Related Topics

Finance

A Founder-First VC Firm That Likes Bold Ideas

BEENEXT's funding prospects for the coming year are optimistic as it continues to identify promising founders and their ground-breaking startup ideas.

Business Culture

The Newest Workplace Trend Has HR Sounding The Alarm

HR departments are still figuring out how to handle "quiet quitting," but a new trend is taking over.

News and Trends

Farmology Secures Seed Funding By India Accelerator-Backed iAngels

The company plans to utilize the funds to improve the platform, enhance customer experience and build a larger stack of wellness services on the platform

Growing a Business

Why Being Profitable is a Business Strategy in Itself

Profitability is a part of the strategic effort to be a hyper-growth, customer-centric and commercially-minded organization. And yes, it's a strategy.

Marketing

'I Cannot Wait to Host You': Gwyneth Paltrow Just Listed Her Guesthouse On Airbnb.

The goop founder says she hopes 'we'll find connections and commonalities over a delicious meal.'

News and Trends

Mondelez CoLab Acc印度选择五个创业公司elerator Program

As per an official statement, the startups were handpicked from a competitive pool of over 250 applications across categories like baked snacks, chocolates, confectionery, and savory snacks from all corners of India