Ghazal Alagh and Varun Alagh founded Mamaearth, a brand that focuses on natural and toxin-free products. In Q3 FY24, the company's consolidated net profit surged by 264% year-over-year to ₹26 crore.
Ruchi Kalra and Asish Mohapatra co-founded two unicorns: OfBusiness (Rs 44,000 crore) and Oxyzo Financial Services ($1 billion valuation). Despite initial setbacks, they revolutionized SME finance, now valued at Rs 52,000 crore collectively, with Ruchi's net worth reaching Rs 2,600 crore by 2022.
Vineeta Singh and Kaushik Mukherjee founded SUGAR Cosmetics in 2015, starting online and later expanding to 40,000+ retail outlets across 550+ Indian cities. They raised $50 million in Series D funding in 2022 and reported sales nearing INR 500 crore in FY23, despite a net loss of INR 76.2 crore.
Bipin Preet Singh and Upasana Taku, co-founders of MobiKwik, announced profitability in Q4 FY 2022-23 and aim to double this year's revenue, with plans for an IPO after achieving consecutive profitable quarters and a valuation over $1 billion post ESOP exercise.
Swati and Rohan Bhargava founded CashKaro, starting with Pouring Pounds in the UK in 2011 for cashback. They expanded to India as CashKaro in 2013, supported by investors like Ratan Tata. By 2023, their business had grown significantly, showcasing their entrepreneurial success.