New Delhi: Successful startup is the dream of every young entrepreneur but one has to struggle hard to make this dream come true. There have been many such startups in the country and the world which started from a single room and have spread across the world. The story from Amazon to Flipkart is exactly like this. There is no dearth of successful startups and entrepreneurs in India. One such startup is BrowserStack, it is a cloud web and mobile testing platform, which was founded by two friends together in 2011 and today their business is on the rise.
Nakul Agarwal and Ritesh Arora, co-founders of BrowserStack, both earned computer science degrees from IIT Bombay in 2006 and about 5 years after completing engineering, they founded BrowserStack in 2011 in Mumbai. In just 12 years, the valuation of this company has increased to Rs 33 thousand crores.
Created a company worth crores after coming out of IIT
IIT-Bombay graduate Nakul Agarwal and Ritesh Arora’s Indian software unicorn BrowserStack is continuously moving toward new heights. The company’s revenue increased by 59 percent from Rs 263.3 crore in FY 2021 to Rs 418.4 crore in FY 2022. According to an Economic Times report, the net worth of both Ritesh Arora and Nakul Agarwal, the young entrepreneurs who founded the company, is Rs 12,000 crore each. At the same time, the turnover of the company is Rs 33,000 crore.
The company became profitable in just 6 months
BrowserStack is one of the world’s most advanced software testing platforms. It became a unicorn in FY22 after securing $200 million in funding. Its software-as-a-service firm has been valued at $4 billion (about Rs 33,106 crore). Due to the hard work of Ritesh Arora and Nakul Agarwal, BrowserStack became profitable within just 6 months of launch.
BrowserStack’s clients in 135 countries
The service of Nakul and Ritesh’s company Browser Stack is being taken not only in India but in 135 countries. Big-name corporate clients include Walt Disney, Tesco, Microsoft, Facebook, Twitter, AirBnB, and Virgin. Ritesh Arora told Forbes India, “We have over one million developers who will probably be using our products on an annual basis globally, and they will be part of over 55,000 paying customers.”
