What is Eureka Moment ?
A moment at which a person realizes or solves something
How startup founders got their business idea, and the things, events, and actions that eventually led them to their big eureka moment. GET INSPIRED✨✨
Anish Achutan is a serial entrepreneur
Introducing OPEN, a neobank
After spending two years in Citrus Pay (acquired by PayU India in September 2016) and PayU, the duo realised the one basic but key problem the three lakh merchants on the platform faced.
In a day, while running the business, a merchant has to switch through multiple dashboards, from accounting and book-keeping solutions to checking if bank accounts have debited payments.
The solution seemed clear - integrated dashboards that would give a detailed view of the customer’s current account cash flow and provide payment options.
Seeing that this specific solution was not on the market, Anish and Mable launched OPEN in August this year.
"If healthcare is online, why not legal advice?" wonders Roh .. Mahajan, founder, LawRato.com
Free Legal Advice From Top Rated Lawyers. Choose from over 10,000 lawyers across 700+ cities in India
Hari Ganapathy & Srinath Shankar took a Europe trip together in 2012 They put in more than 2 months to craft the vacation.
They met travelers under packaged tour who were dissatisfied with rushed grittiness.
Once back home they were bombarded with quires asking how they planned their trip.
This gave the eureka moment to start " PICKYOURTRAIL- A travel Technology Platform
Source: TOI- Sunday Edition
The Eureka Moment that led to an IOT Startup
Hitesh Panjwani who has started a innovative IOT [ Internet of Things
Chip Wilson, Lululemon founder – noticed many women do yoga, but have no special pants to wear
Most parents worry about their child's progress in school.
Gaurav Mundra and Madhup Bansal, who have engineering and management backgrounds, thought of building a solution around this particular problem.
Their This Jaipur-based startup is helping schools update parents .EduCommerce's cloud-based technology platform lets information be shared between a school, parents and the children, regardless of the device.
Source; Your story.com
‘I wanted to sell budget deals on guided tours’: Sukhmani Singh
The idea: Tripshelf, travel platform that connects mid-size tour operators with consumers
Eureka moment: Tripshelf is 26-year-old Sukhmani Singh’s second travel venture. Her first, SeekSherpa connects experienced travel enthusiasts who can act as tour guides for experiential travel with travelers. While building that company, Singh came across several mid-sized tour operators who were looking for ways to be discovered online. Package tourism is 98% offline and there are at least 50,000 package providers.
MY STARTUP IDEA: Cytecare founder on his eureka momentMarch 22, 2018
In this column, we bring you the stories behind how startup founders got their business idea, and the things, events, and actions that eventually led them to their big eureka moment.
'We need India-specific data on cancer for customised cures': Suresh Ramu, founder, Cytecare Hospital
THE IDEA: To build a cancer care hospital and research chain in India
EUREKA MOMENT: Suresh Ramu isn’t new to entrepreneurship — in 1999, the IIT-M and IIM-C alumnus started a telemedicine company in Pune. He then worked for a clinical research firm for more than 10 years. In 2012, when a friend was diagnosed with cancer and went abroad for treatment, Ramu wondered why the best cancer care was not available here. “I realised this was because there were better research institutes in the US. I decided to build the best institute for cancer care,” he says. He started Cytecare in April 2014 with the aim of capturing India-specific data for research as well as providing better care.
EARLY DAYS: Ramu started with a focus on clinical trials, and about 70% of the research and development related to cancer. India-focussed studies on types and prevalence of cancer could help doctors customise treatment, he says
BIGGEST CHALLENGE: “Reaching out to doctors directly and convincing them to join me,” he says. Doing clinical trials in cancer research was also quite complex.
WHERE I AM NOW: In 2016, Cytecare opened a 150-bed hospital, which has treated close to 3,000 patients in Bengaluru. It plans to launch a second hospital in six months.
The idea: Build a platform for millennial mom
MY STARTUP IDEA: Kidsstoppress founder on her eureka moment
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Ekplate – A Haven For Scrumptious & Pocket-friendly Food
They say, “As long as you have food in your mouth, you have solved all problems for the time being.”
The eureka moment was when Harsh Shah was himself a college goer. While standing amidst the crowd of students in front of a nearby street food vendor, ordering his “ekPlate Grilled Sandwich,” an idea popped in his mind. This marked the beginning of a very innovative venture called ekplate .When it comes to college students and office-goers, who are always on a tight budget, eating out does not necessarily mean restaurants to them. In India, a huge mass relies on the roadside vendors and street foods to satisfy their appetite. Considering street food equivalent to restaurant food is like comparing apples to oranges
Asish Das http://www.thestartupjournal.com/ekplate-street-food-guide/
Momofuku Ando, instant noodle inventor – Mr Ando said the inspiration for his product came when he saw people lining up to buy bowls of hot ramen noodle soup at a black market stall during the food shortages after World War II.
That was his EUREKA moment
As TIME wrote back in 2006, “In 1958, Momofuku Ando, an unassuming entrepreneur living in Osaka, created the instant noodle — and a continent has been feasting on his invention ever since.”
However, the road was not easy for the founder of Nissin Food Products. Ando struggled to find the right balance and create noodles that were tasty but did not become mush when boiled. The secret, learned from his wife, was to spray the noodles with chicken soup and then fry them in tempura oil.
It was the masterstroke of providing a waterproof polystyrene container for the noodles that made his Cup Noodle an instant success in 1971.
Zolo Co-Living Spaces-Nobody knows co-living like the way we do
Idea:A Business offering service oriented PG accommodation with amenities
Eureka Moment of Nikhil Sikri-
We were shocked by the condition of PGs in Bangalore The supplier do not care about customers as demand outstrips supply.He saw scope for improvement with PG accommodations that focused on consumer experience.
5+ Cities, 50+ Properties, 5k+ Residents, 5Mn+ Smiles
Source: TOI- Sunday 29-07-2018 & Company website
To Create a smart water meter for a residential complex- Vivek Shukla-Smart Homes
"The housing complexes which don’t have any sub meters for water installed, charge their residents a flat fee per month. This is not the best thing to do as the consumption is different for different households. We have gone to association meetings and came across otherwise friendly neighbors, fighting with each other over cost of water. The challenge with the installation of meters is to do with the way water is supplied in high rise buildings. The shafts which carry these pipes don’t have any access to install the meters and take readings. "
Eureka Moment:The Idea: A cafe to serve customised chai to a customer twice every day
I just wanted meri wali chai ‘: Nitin Saluja, founder, Chaayos
I missed finding the perfect cup of chai in the US, and when I returned to India in 2012, I saw a need for chai cafes. Coffee vs chai consumption is 1:30 yet there was no place serving chai. India has a unique tea drinking culture, and everyone has a unique way of brewing chai, so I started Chaayos to offer ‘meri wali chai’.
The good part was that getting customers was not tough. There was a huge market for chai. At our first cafe at Cyber City, I would take care of operations myself — taking orders, making chai and serving customers.
Making sure we customise tea for every customer and serve them consistently. In the process of fast expansion, we had to make sure that each outlet is unique yet offers a similar Chaayos experience.
Where I am now:
Chaayos has 43 cafes in Delhi, Gurgaon, Noida, Ghaziabad, Mumbai and Chandigarh. We aim to open 33 more by the end of the financial year.
The RaceSafe App
Violet Alexandre headed out for a run with her baby boy bundled into a jogging stroller. Trekking along a popular Boulder, Colo., trail that heads into a shaded canyon, she slipped and fell hard on black ice. Attached by a safety strap, Alexandre was dragged as both baby and stroller plunged toward the icy stream below. She was able to stop the descent just in time.
She texted her husband Sharif about the incident. He was unable to call her and he panicked. This emergency contact requirement lead the couple to the development of the APP.
The RaceSafe App was designed to streamline information sharing
between runners and medical staff during races. A runner's
emergency contacts and pertinent medical information are securely
stored on the iRunSafe database, and can be accessed by medical
teams through the RaceSafe App during race day.
MY STARTUP IDEA: LawRato.com founder on his eureka moment
Rohan Mahajan, Founder, LawRato.com, on starting up and pursuing legal entrepreneurship
Back in 2009, I was working in Singapore & Jakarta, Indonesia. A legal issue cropped up during my stint, and surprisingly, I was left dangling for help. Even in the age of internet and globalization, I had no platform to seek a verified and a reliable solution to my problem. It occurred to me how there would be many more stranded like me. And hence, the seeds of LawRato were sown.
There is no way whatsoever by which a common man can evaluate and identify the right lawyer for their legal situation. With no data available on the lawyers’ performance and track record, its next to impossible to tell which lawyer would be the right one for your need. It becomes more difficult, as unlike healthcare, where there are clear specialists for different healthcare problems (cardiologist, neurologist, etc.), lawyers take up matters across multiple practice areas and there are no defined specialists for each practice area like property matters, matrimonial matters and others.
Eureka Moment: Jayanth Sharma-Winning awards for wildlife photography made me realise I needed to take this seriously”
The idea: To start a travel and photography company
Eureka Moment: Jayanth Sharma inherited his passion for photography from his father. Growing up in the 80s, Sharma watched his father teach photography. He moved on to work in the IT industry, but kept up with photography as a hobby. “I pursued it in my free time on weekends. In the mid-2000s, I won a couple of prestigious awards for my wildlife photography. That was when I realised I needed to take this up seriously,” he says. He quit his job at Accenture in 2007 and started doing freelance photography. Soon, he got together with his photographer friends and launched the company in 2010.
Eupheus Learning is an edtech startup that develops hybrid solutions, including textbooks and digital material (in offline and online form) to seamlessly integrate in-class and at-home learning.
Problem it solves: Creates learning solutions for students through online and offline material
Founders: Sarvesh Shrivastava, Rohit Dhar, Ved Prakash Khatri, and Amit Kapoor
Sarvesh Shrivastava's eureka moment was when he stumbled upon the pain points across the system.
“The gap is felt by many students, parents and educators alike when at-home learning is supplemented with tuition, which may be at variance to the progression or pedagogy or the difficulty level being taught in class,”
LIFEEASY - On-demand home service
Lifeesay provides over 200 services in approximately 18 categories of services in Delhi/ NCR currently.
Problems faced by you can give a eureka moment.
Founders: Rakesh Gupta, Jeet Narayan Singh and Gagneet Singh Ahuja
Lifeasy was born out of the founders’ personal experience. The trio’s professional lives were too demanding and they did not have the time to find quick, reliable services for fixing things around their house.
Ikea founder Ingvar Kamprad could not fit a table in his small car, so he thought to take off the legs.
This was the eureka moment for a successful compapny and an icon to be born
Nick Woodman experienced inconvenience and struggled to take pictures of himself while surfing, This resulted in launching a camera and a successful venture.
‘Finding a truck was harder than it should have been’: Mithun Srivatsa, co-founder,Blowhorn
The Idea: Connect customers with mini-truck owners for intra-city logistics
Eureka Moment: Mithun Srivatsa saw the trouble people faced when moving house in a city. “A colleague wanted to move a bed from one apartment to another but it was an exhausting process,” says Srivatsa. That was the start of an idea for an intra-city logistics service. “My co-founder Nikhil Shivaprasad and I met small businesses and learnt that there was no efficient market for fixed and spot deliveries within cities,” he says. To organise this fragmented market, they set up Blowhorn in Bengaluru in 2014. They spent a day coming up with names. “We disagreed on every name except Blowhorn. ‘Blow Horn’ is ubiquitous on Indian trucks. We joke to our investors that Indian trucks brand themselves with our name!”
Source; Times of India
MY STARTUP IDEA: Swajal founder on her eureka moment
‘Why couldn’t tech help provide clean drinking water?’: Vibha Tripathi, founder, Swajal
The idea: To provide clean drinking water to villages through solar-powered water purifiers
Eureka Moment: Vibha Tripathi, who grew up in a small village in UP, completed her PhD and started working in the electrical engineering department in 2007 in IIT-Kanpur. She’d always wanted to do something to ease the struggles of villagers, so the next year, she and her husband quit their jobs at the university and started working on solutions based on solar energy. “Access to clean drinking water was still an issue. My cousin died of diarrhoea at a young age. We started thinking about how to use technology to tackle this problem,” she said. In 2011, they came up with the idea for Swajal.
Source Times of India