Also in the Million Dollar Club is IndiaCakes, an online cake delivery shop based in Pune. Founder Manit Nagrani started off by observing that Indians around the world would like to celebrate their loved ones at home on special occasions by sending them cakes.
The site consolidates the menus of hundreds of cake shops, from hundreds of locations in India. Cakes can be combined into packages with flowers and chocolate and delivered to 250 Indian cities. IndiaCakes offers additional convenience in the form of five-hour delivery, or having a cake delivered by midnight.
Manit has had top VCs chasing him, wanting to invest in the company. We love to see entrepreneurs in the position of being chased by, rather than chasing, venture investors.
See? The “Bootstrap First, Raise Money Later” philosophy works! Of course, not raising money remains an option, and many entrepreneurs are taking that course.
This segment is a part in the series : The Million Dollar Club