Startup culture is booming in India, tackling various challenges and coming up with innovative solutions.One such startup, Dropsy, offers aspiring entrepreneurs an opportunity to start their own e-commerce business with just Rs 10,000 and earn dollars from the comfort of their homes.
What does Dropsy do?
Dropsy manufactures a wide range of products, including apparel, and offers individuals the opportunity to sell these goods in international markets such as the US and Canada. The startup supplies the products and helps create a seller account on Amazon's e-commerce platform. Entrepreneurs simply notify Dropsy of incoming orders, and the company handles the fulfillment process.
Noida, Uttar Pradesh-based Dropsy was founded about a year ago by Upendra Yadav and Sujit Yadav with an initial investment of Rs 50,000. In just a year, the startup has clocked a turnover of around Rs 7 million. Its gross merchandise value (GMV), which represents the total sales made by all merchants, is over Rs 500-600 crore.
How do I start a business on Dropsy?
Interested parties can begin their entrepreneurial journey by visiting the startup's website, thedropsy.com, and going through the registration process. An initial investment of Rs 10,000 is required to participate. Dropsy also offers various plans, such as sales guarantees, that allow for higher returns for those willing to invest more.
Challenges and growth
Dropsy's founders faced significant challenges in the early days, especially with shipping products overseas. Ensuring product quality and meeting international customer preferences, such as clothing and shoe size specifications, were additional hurdles. Many people struggled to understand the business model at first. However, Dropsy has since overcome these challenges and grown rapidly.
Dropsy's innovative approach allows individuals to enter a global marketplace and provides a promising opportunity for budding entrepreneurs to achieve financial independence.
