Indian eCommerce startups that made big recently?

The growing Ecommerce market has strengthened the scope for startups. More startups are becoming unicorns, investors are pouring funds and going public. Perhaps this is why more startups have emerged and made an impeccable space in recent years. Let’s take the example of food delivery startup Zomato, which IPO’d in July 2021.

Other Ecommerce unicorns like Ola Cabs, Delhivery, and Nyka also raised a significant amount. The list is adding to numbers consistently and becoming an inspiration for numerous aspiring e-retailers. According to an estimate, Indian startups have received $10.14 billion in funding in 2020 alone. The 1200 deals that helped attain this figure were all made during the Covid times.

This clearly reflects that while every other industry was going through a tough phase during the 2020 global lockdown, the ecommerce industry kept flourishing. The increased profits and unmatched acceptance compelled the government and tech enthusiasts to help other willing participants. Now that we are acquainted with the current state, let’s start with Government programs and initiatives that help eCommerce startups in India.

What are the current government programs and initiatives for eCommerce startups in India?

The Indian government envisions establishing a $99-billion industry by the end of 2024. The same report states that by 2025, 220 million online buyers will be leveraging digital stores as a medium to purchase. Industry experts and government officials believe ecommerce to be the next big thing to play a pivotal role in boosting the country’s economy. With so much potential, the government isn’t leaving any stone unturned to motivate and inspire aspiring e-retailers. Let’s have a look at some of these programs and learn how they can help you grow your ecommerce venture.

#1. Startup India

The Startup India initiative is designed for any small/medium business as a startup. Once registered, you get access to easier compliances, IPR fast-tracking, and tax benefits. Besides these, the program gives access to a vast incubator network, women entrepreneurship, and government procurement.

Female entrepreneurs have done exceptionally well with such a dedicated plan. The government, under this program, pays a nominal salary to women entrepreneurs. The average monthly allowance paid to date is Rs. 20,000/month. The amount varies due to different reasons and is paid for 1 year. The aim is to motivate and help female entrepreneurs with some stability until they grow their businesses.

And you can leverage this government scheme and can easily get started with your own eCommerce website. All you need to do is choose Builderfly. The platform is designed to help aspiring online entrepreneurs start their own businesses and further you may enroll under the Startup India initiative. Some of the successful examples of this program include Udaan, Boat, etc. Each of these startups made a humble beginning and further got benefited by enrolling themselves in the initiative.

#2. Digital India

The Digital India program is designed to help medium and small businesses strengthen their online presence. It includes initiatives like data.gov.in, Jeevan Pramaan, BHIM, Mobile Seva, etc. Digilocker is also one fine example of this! You too can become a part of and learn more about this campaign by going to their official website.

By taking the first step toward Digital India with Builderfly, you can become part of the Digital India Campaign. Start your online store and digitize your business. It has numerous tools that can help you not just create a digital presence for your business, but also boost sales and enhance profits. And the best part is, you can do it without any technical knowledge.

Since the introduction of this program, numerous small and medium businesses have relished the numerous benefits listed under it. Builderfly can help you take the much-needed first step at zero investment and lure the growth benefits of the Digital India Campaign.

#3. Vocal for Local

The campaign is designed to motivate people to buy from local sellers. This has eventually helped especially small business owners. Instead of selling through their physical store alone and staying confined to the locality, these businesses can now sell to the entire city and across the country.

The campaign aligned with Digital India has helped numerous businesses to increase their sales by creating an online presence. While on one side the regular shop owners created their online store to increase sales, various independent sellers and enthusiasts too jumped in the pool to make some money.

Numerous platforms noticed a commendable hike in the number of sellers. Builderfly was one among them. Especially in the last year, it experienced an impeccable rise in the number of sellers. The list includes startups, independent sellers, enthusiasts, and professionals. Each of them has created its brand under the Builderfly tool. It allows you to create your online store with no technical knowledge and boost your sales through digital platforms.

How to start your online business in India with Builderfly?

To start selling online, you may choose to:

• Sell on third-party platforms like Amazon, Flipkart, Google, etc.
• Sell on social media marketplaces like Facebook, Instagram, WhatsApp, etc.
• Sell on your own website.

Each of the above-mentioned ways has its own set of perks. While the first two are good to give you a start and grow your business, the latter helps you establish a brand identity. Looking at the current competition and consumer expectations, the need is to look for a solution that allows you to manage your presence across the web. Besides this, you also need to keep a real-time track of sales and inventory.

This won’t just help you cherish the benefits of government programs, but also grow smartly. To complement the same and help each participant qualify for funding, Builderfly has created a unique platform. The free-to-use ecommerce platform allows independent sellers, artists, aspiring entrepreneurs, and other brands to create their online store with zero or minimal investment.

Creating your store is extremely easy with Builderfly. You just need to:

1. Enter your store name and your mail ID.
2. Customize your store with over 1000 themes.
3. Link your social media accounts and other marketplaces you are selling on.
4. Add a payment gateway and delivery partner from the available partners.
5. Add your domain to create a brand identity.

Builderfly-Your Ultimate Pitstop for Online Success

Builderfly is an easy to deploy website-building tool created for those with low technical expertise. It allows you to create your free online store in just five minutes. While delivering this, it serves you with a wide range of features that can help you grow your online business. Acknowledging this, be it your first time or you are an established brand, there’s something for everyone that Builderfly can offer.

To get a better sneak, let’s understand all the features and benefits of Builderfly under three primary headings.

• Build: The section includes features that help you create a personalized online store within five minutes.
• Market: The section will talk about features that help you market and promote your online store.
• Grow: This section will highlight the features that help you enhance your presence and establish your business as a brand.

Connect and grow with our more than 10,000 resellers

We have a network of over 10,000 resellers that work on your behalf and get your products sold to millions of customers. These resellers ensure that your products extend beyond your immediate reach and across every corner. By leveraging our strong network, you can upscale your sales with utmost ease.