Powered by

Home Startup Stories

Rapido Founder, Pavan Guntupalli Was Rejected 75 Times, now Built a 6700 Cr. Company

By Viestories
New Update
publive-image

Prior to Rapido, Pavan Guntupalli failed in 7 startups, and now built Rs 6700 Cr worth of company, creating 60 lakhs jobs.

Pavan Guntupalli's inspiring journey

Meet the man, Pavan Guntupalli, who always wanted to do something of his own. This man is from a farming family. Pavan failed in 7 startups and was rejected 75 times. However, Pavan's most useful approach during his difficult times was to "Never step back." With this determination, Pavan has generated almost 60 lakh jobs in 8 years, and every month they generate 1.5 lakh new jobs.

Read also - How Soumyadeep Mukherjee Built A Rs 14 Cr Enterprise Selling Chutneys? | Spice Story

About Pavan Guntupalli

Pavan is a brilliant entrepreneur from Telangana who started learning computer programming and trading at an early age. He completed electrical engineering at IIT Kharagpur. After completing his studies, he started working in a Samsung company. He was always filled with a great desire to accomplish something more.

Pavan overcame several challenges and became a successful businessman due to his enduring resilience, dedication, and determination. Pavan and his friend Arvind Sanka established "the Karrier," a business that operated using minitrucks in order to provide interstate logistics services. Sadly, this startup failed. Pavan says that before launching Rapido, his 7 startups failed.

What inspired Pavan to launch Rapido?

Pavan persisted and examined the situation, concluding that in order to make money for the company, they needed to reduce expenses and interact directly with customers. He noticed that large startups such as Uber and Ola only offer their services in major cities and on four-wheelers, while India's inner cities still have a lot of problems.

Read also - Meet Harini Sivakumar Who Quit Her Job And Now Built More Than Rs 200 Cr. Worth Company Earth Rhythm

Furthermore, he discovered that approximately 20 crore bikes exist in India, not only in large cities but also in smaller ones. This sparked an idea in his mind. Finally, in order to address this intra-city commuting problem, Rapido was born.

What is Rapido?

Pavan Guntupalli, Rishikesh SR, and Aravind Sanka founded the Bengaluru-based bike taxi app Rapido in 2015 to address India's intra-city commuting issues.

  • With over 25 million app downloads, Rapido has become the largest bike-taxi app.
  • In 8 years, it has created 60 lakh jobs.
  • Each month, it creates 1.5 lakh new jobs.
  • There are almost 50,000 captains in more than 100 cities.

In Bangalore, Pavan launched the Rapido, which has a base rate of Rs 15 and charges Rs 3 for each extra km. But again, Pavan faced challenges. Investors rejected Rapido 75 times because Uber and Ola were already well-established in the ride-hailing market and also launched bike taxis. Despite this challenge, Pavan continued working to make Rapido a success and finally found the first investor, Pavan Munjal, Hero MotoCorp's Chairman and Managing Director.

Pavan says, “Problems and challenges are like doors, welcoming us to explore ourselves, test our limits, and push our boundaries. If you’re crazy enough to dream that you can change the world and confident enough to execute the strategies, then you can turn those dreams into reality.”

Despite so many failures, Pavan built an empire worth Rs 6700 crore. 

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.

Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.

Read the Next Article

Little Indian Spice Story: Female Founder Quit Secure Govt. Job, Now Generates ₹15Lakh Revenue

Jaipur-based startup Little Indian Spice's female founder, Sonu Saini, turned an idea into a business. This is the story of a female entrepreneur who is not only inspiring with her journey but also uplifting the lives of village women.

By Saroj Kumawat
New Update
Little Indian Spice

Ex-SBI Deputy Manager Sonu Saini founded Jaipur-based startup Little Indian Spice. This Little Indian Spice is a pickle business, generating ₹15lakh in the year ending March 2024, aiming ₹1.5Cr. This year.

But what inspired Sonu to quit a secure job and leave behind a conventional path, choosing a more challenging one? 

SBI Deputy Manager To Entrepreneur:

Ex-SBI Deputy Manager Sonu Saini founded Jaipur-based Little Indian Spice. Sonu graduated from the University of Rajasthan with a Bachelor of Business Administration from July 2008 to April 2011. Furthermore, she was selected by the State Bank of India and was working as a deputy manager.

But, in 2023, she quit her government job to pursue her passion for entrepreneurship when she met with her friends and connected with people who missed the taste of Ghar Ka Achar (homemade pickles). Sonu was also one of those people who truly loved delicious pickles. 

This experience sparked an idea in her mind. She decided to pursue her passion for entrepreneurship and uplift the lives of village women, but it was challenging to leave behind her secure career and choose a difficult path.

However, she didn’t limit herself and quit her government job to begin a new chapter, launching her start-up, Little Indian Spice.

Also Read- The Chatpata Affair Story: How Founder Shiju Pappen Turned ₹5,000 Salary into ₹8 Cr. Revenue?

What does Little Indian Spice do?

Headquarter in Jaipur, Rajasthan, this Little Indian Spice was founded by Sonu Saini in 2023. Little Indian Spice  is a pickle business, providing homemade pickles. This startup is not only providing flavorful pickles but also uplifting the lives of village women.

Female founder Sonu works with village women and homemakers, helping them make homemade pickles. The Founder collaborates with homemakers from 6 different states, including Bihar, Punjab, Rajasthan, Gujarat, Maharashtra, and Madhya Pradesh, in order to provide the most genuine flavors that are unique to the region.

These pickle-makers are micro-entrepreneurs who use old recipes to make the best pickles by working together. They can improve their financial situation and faster their aspirations to become entrepreneurs.

Reach New Heights:

After starting in August last year, this business generated rupees ₹15lakh in the year ending March 2024. It is aiming to reach ₹1.5 crore this year. 

Such women step into entrepreneurship and become powerful role models for others, inspiring with their strength and resilience.

Hats off to Sonu Saini, who left the conventional path behind and came ahead in entrepreneurship to pursue her passion and uplift women.

Also Read- MyTpen: Tamil Nadu Employee Leaves Successful Career to Bridge a Gap with AI Startup

FAQs

What does Little Indian Spice do?
Little Indian Spice is a Pickle business, providing homemade pickles.
Who is the founder of Little Indian Spice?
Sonu Saini is the founder of Little Indian Spice.
Where is the Headquarter of Little Indian Spice?
Jaipur, Rajasthan is the Headquarter of Little Indian Spice.
when Little Indian Spice was founded?
Little Indian Spice was founded in 2023.

 

Also Read- Hyderabad-Based Petfolk Converted Personal Frustration Into ₹35Cr. Worth Business.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding News: Stay updated with the latest news and trends in startup funding and investment.