Success stories

If you are certain of the phrase: “Do not despair,” you can be one of the world’s wealthiest people. In confirmation of this, we review together success stories whose owners reached the top in the business world, who started their journeys from scratch, and then proved their worth in challenging circumstances and overcoming difficulties; Until they reached the top.

Vijay Shekhar Sharma..Indian billionaire

Name: Vijay Shekhar Sharma Company: XS Communications Nationality: India Wealth: $2.35 billion. Helping him succeed, his approach to life is based on four things: "Great ambition, great passion, determination to succeed, and patience with failure." It is Vijay Shekhar Sharma; Founder of fintech company Paytm, and the second youngest billionaire in India with a fortune of $2.35 billion.

Average family

Vijay Shekhar Sharma was born into a middle-class family in Aligarh and was the third of his four siblings, an honors student; He completed his studies at the age of fourteen in an Indian middle school, where his father was a teacher.

He played sports, and attended his lessons, but he had no money to buy new shoes; What made him write a poem about his bewilderment at the inequality of life in general.

Only 15 years old, Vijay earned his Bachelor of Science in Engineering from Delhi University as an engineer. While studying, he launched the website indiasite.net, which he later sold for $1 million.

Adventure

Vijay along with his friends founded XS Communications. (CMS) to manage content; It has been used by major publications such as The Indian Express.

In 2001, Vijay started One 97 Communications, the parent company of Paytm, with a large loan loan, but it did not go according to his expectations; He began working as a lecturer to compensate for losses and repay the loan.

Paytm

Vijay started a mobile wallet company called Paytm in 2011, but it didn't initially take off very well; Because the digital payments business was so small in India, illiteracy rate and availability of mobile, internet and bank accounts were much lower in India, but Paytm quickly turned into a large platform used to buy groceries, book flights, and pay utility bills.

In 2016, the business grew even more, after the Indian government announced the liquidation of 86% of the country's paper currency.

Paytm unveils a major ad campaign to cash in on the news; It released versions of the apps in 11 languages ​​to expand its appeal in rural areas, and within 10 days of launch, the number of daily transactions on the platform, which recently had one of the largest IPOs in India's history, doubled on November 8, 2021.

However, since the listing of Paytm shares, the company witnessed drops in share prices of 37% to an all-time low of Rs 1,283 per share, however the company's shares subsequently witnessed a 9% increase in their prices.

Achievements

Vijay has received many awards; Most notably:

India's most successful business leader under 40, according to The Economic Times in 2015.

ET Entrepreneur of the Year 2016 by The Economic Times.

Honorary Doctorate from Amity University, Gurgaon in the year 2016.

Businessman of the Year at the 2016 GQ Men's Awards.

NDTV Indian Award 2016.

Dataquest IT Guy of the Year 2017.

The Yash Bharati Award, the highest civilian award in India.

Time magazine ranked him among the 100 most influential people of 2017 as India's youngest billionaire in 2017 with a fortune of $1.3 billion.

Ranked 62nd in Forbes' list of India's richest person in 2020.

lessons learned

Determination: Vijay faced tough times, but was determined to realize his ambition; He viewed each stage of failure or refraction as a passing stage.

Passion: Passion is a great motivator, and it is the means through which the entrepreneur crosses the difficulties and faces the challenges that confront him.

Prateek Singh Founder of LearnApp

Name: Prateek Singh Nationality: Indian Project: LearnApp educational platform The success story in your hands, we have chosen for an entrepreneur and adventurer who founded his successful project LearnApp; It is an educational technology platform that offers movie-like video courses on trading, investing and finance; It is the Indian entrepreneur “Prateek Singh” who met in 2018 with his partners to conceptualize For his project to be a platform ready for the industry and education for all.

To start

Prateek Singh started trading in the stock exchange at the age of seventeen; He was active in this field; He put forward many ideas through his projects in the field of financial education; They are: TradeAcademy, Tradersaint and Market Scientist.

His interest in trading has led him to many projects; It aimed to solve the knowledge gap between the real education of the stock market among the masses; After launching previous projects, he decided to found LearnApp in 2018, with four founders.

Surprisingly, Singh did not obtain a higher education, but that did not prevent him from revolutionizing the idea of ​​education, skills development, and financial literacy; Today, LearnApp has become the number one leader in the way people are made aware of financial education.

The platform offers intensive, practical and in-depth training courses; Such as: advanced courses in AmiBroker, Excel VBA, backtesting, etc.; With a powerful mix of live classes, recorded lectures illustrating widely different concepts, with direct interaction from the audience; What made online education a successful practical experience.

Facilitate financial education

LearnApp has gone the extra mile to make financial education accessible, affordable, and industry-based for everyone; The platform aims to redefine and reimagine education for the twenty-first century, in line with the evolving dynamics of today.

The LearnApp platform emphasizes the importance of hands-on education when it comes to trading, investing, financing, management and more, with an emphasis on skill-based, actionable, and testable learning styles; The courses aim to provide innovative insights rather than traditional knowledge; Because no other form of teaching is more lasting than experiential and hands-on learning.

LearnApp offers in-depth application-based learning frameworks for professionals and students from 19–30 years old; This is done through four main areas; These are: trading, investing, business management, and communications, offering a personalized and structured approach; To hone skills in sync with industry expectations.

Huge success

LearnApp has succeeded in 3 years in achieving these achievements:

10 million streams on the paid platform.

150 live lessons covering various topics and concepts, giving viewers a hands-on experience.

100 in-depth courses on various topics filmed in a movie-like fashion.

Its user retention rate is 80%; This indicates that the platform has established long-term relationships with its users within a short period of time.

5 times the volume of customer engagement growth since the Corona pandemic.

future goals

LearnApp aims to be a leading platform for learning based on knowledge and practice, and to become the largest learning platform in the world in terms of hands-on education, preparing professionals with creative skills.

Lessons learned:

Renewable ideas: The successful entrepreneur reinforces his ideas with renewed opinions, which contribute to the continuation of his project.

Passion: Passion is not only a vital component of an entrepreneur’s success, but the fuel that keeps him going.

Added value: Entrepreneurs must know the added value of their projects to differentiate themselves from their competitors.