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Dropbox Founding Story

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Dropbox Founding Story,Startup Stories,Company Founding Stories,Interesting Stories Behind Dropbox,History of Dropbox,Dropbox Founder Story,Dropbox CEO Drew Houston,Dropbox Success Story,Dropbox Latest News,Dropbox Founding Strategy

Dropbox, a San Francisco based file hosting service company, made its debut in 2007 as a startup funded by seed accelerator Y Combinator.  Since then, it has grown into a successful $ 10 billion company with millions of users. Founded by MIT students Drew Houston and Arash Ferdowsi, the Company offers cloud storage, file synchronization, personal cloud and client software to its millions of users.

The idea of Dropbox came to Drew Houston, then a 24 year old MIT computer science graduate, in late 2006, during his commute by bus between Boston and New York.  Back then, he was struggling with the effects of forgetting his USB flash drive on a daily basis.  According to Houston, internet services during the 2000s “suffered problems with Internet latency, large files, bugs, or just made me think too much.”  As a solution, he started working on something for his personal use.  In an interview, Houston said, “I was so frustrated because I felt like this kept happening. I never wanted to have the problem again, so having nothing else to do… I started writing some code [to find a solution], having no idea what it would become.”  Soon, he realised the solution could be helpful to others as well.  He came up with a prototype within two weeks. 

 

One of Silicon Valley’s biggest seed accelerators, Y Combinator, then showed interest in the project and was ready to fund the startup, but had one  condition—Houston should find a business partner. Y Combinator’s belief was, a business is more likely to succeed if it had more than one founder. Hence, Houston had only two weeks to find a complete stranger willing to join his startup, the struggle of which he compared to finding a partner to marry in two weeks. 

 

As a solution, Houston released a demo video about Dropbox and found a very impressed 22 year old MIT student Arash Ferdowsi.  Houston managed to persuade Ferdowsi to drop out of school and join his company in just 2 hours. 

With a business partner and funding from Y Combinator, Dropbox launched in 2008.  The Company saw a steady user growth and surpassed 500 million users in March 2016.  Dropbox has been growing exponentially with many awards like the 2010 Crunchie Award for Best Internet Application and the 2009 Macworld’s Editor Choice Award for Best Software, under its name.

 

Dropbox went public in March 2018 and the value of its shares on NASDAQ skyrocketed.  Starting its journey in 2007, Dropbox has come a long way and is currently worth approximately $ 10 billion. As of July 2018, Drew Houston’s net worth was $ 3 billion and Arash Ferdowsi’s was $ 1.3 billion.  The founding and success of Dropbox is the perfect example of how inspiration for a new startup can come from anywhere and at anytime.

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Entrepreneur Stories

India’s Tech Story: Airtel Spreads AI Access, Ohm Mobility Lessons

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Airtel AI

Bharti Airtel has launched the innovative “Airtel-Perplexity Blueprint,” partnering with Perplexity to provide over 360 million customers free access to Perplexity Pro for a year—a benefit valued at ₹17,000 ($200). This collaboration enables Airtel users across mobile, broadband, and digital TV to harness advanced capabilities in generative AI, including leading AI models like GPT 4.1, Claude, and Gemini, along with up to 300 Pro searches daily, image generation, document analysis, and personalized planning services. The move is seen as a milestone for telecom innovation and the democratization of AI in India, making powerful research and productivity tools accessible to a massive user base.

This strategic partnership positions Airtel as an “AI-first” telecom provider, allowing it to gain key insights into user interactions with artificial intelligence and adapt its networks for growing digital demands. For Perplexity, the tie-up grants exclusive access to India’s vast telecom audience, rapidly propelling the app to the No. 1 spot on the Indian App Store, surpassing global competitors like ChatGPT and Google Gemini. Airtel customers can activate their complimentary subscription seamlessly through the Airtel Thanks App, under the Rewards and OTTs section, reinforcing Airtel’s commitment to digital customer empowerment.

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Tesla Secures Mumbai Facility as Key Step in India Market Entry

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Tesla StartupStories

Tesla has ramped up its India expansion by leasing a 24,565 sq ft warehouse at Lodha Logistics Park in Mumbai’s Kurla West. The five-year lease, registered on May 16, 2025, involves a total rent of over ₹24 crore, starting at ₹37.53 lakh per month with a 5% annual escalation. The facility includes two ground-floor units and 20 parking spots, with rent payments commencing June 1, 2025.

This warehouse will function as a key service center and garage for Tesla’s India operations, excluding bodywork and spray painting. The move supports Tesla’s preparations for its official market debut, expected in late 2025 or early 2026.

Tesla’s India rollout includes offices in Pune, flagship showrooms in Mumbai’s Bandra Kurla Complex (BKC) and Delhi-NCR, and co-working spaces in Mumbai. The new warehouse lease highlights Tesla’s commitment to building a robust infrastructure for sales, service, and delivery of electric vehicles and energy products across India.

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Razorpay Partners with MeitY Startup Hub to Accelerate Deeptech Innovation in Tier II and III Cities

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Razorpay

MeitY Startup Hub (MSH), under the Ministry of Electronics and Information Technology, has partnered with fintech leader Razorpay to support the growth of deeptech and emerging tech startups across India, with a special focus on those in Tier II and III cities. Through this collaboration, early-stage startups will gain access to Razorpay’s fintech infrastructure, mentorship, and resources via the Razorpay Rize program.

Startups in areas like AI, blockchain, robotics, and IoT will benefit from streamlined company incorporation support, expert mentorship, product credits, and guidance for applying to global accelerators such as Y Combinator. Selected founders will also join the exclusive Rize Community, connecting with peer networks and attending masterclasses.

MSH CEO Panneerselvam Madanagopal emphasized that this partnership will help founders scale faster by providing vital support in mentorship, capital access, and digital infrastructure. As India’s startup ecosystem surpasses 159,000 DPIIT-recognised startups, this initiative aims to give deeptech entrepreneurs the tools and networks needed to innovate for India and expand globally.

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