How This Entrepreneur Pulled his Company Out of Bankruptcy Cvent's story is about persistence and finding the right pain point

By Punita Sabharwal

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.



From using Outlook, excel and sticky notes to becoming the biggest software provider for the hospitality industry, Cvent's story is about persistence and finding the right pain point. Born to Indian parents in the US, Aggarwal started out as a corporate lawyer. He founded Cvent in 1999 as a two-person start-up, and today the company has 2700+ employees and more than 200,000 users around the globe. Its software has been used to power over one million business meetings and events across 25,000 organizations. Aggarwal is well known for having pulled Cvent out of bankruptcy during the dotcom meltdown, and successfully turning it around into a leading cloud-based event management company. Cvent was a publicly traded company until November 2016 and went private in an acquisition by Vista Equity Partners. Over the years, the company has become a leading global software-as-a-service (SaaS) company offering solutions for event management, mobile event apps, hospitality cloud and web surveys. Talking about the expansion in the India's market, Aggarwal says, "We came to India for cost then we stayed for value and growing because of innovation. India is a corporate mirror image having 1,200 employees with all the divisions as in the US."

LAUNCH: 1999 in Virginia

REACH: Over 100 countries worldwide

HEADCOUNT: 2700+ globally

GROWTH: 245,000 hotels and venues listed

Punita Sabharwal

Entrepreneur Staff

Deputy Editor, Entrepreneur India Magazine

Related Topics


If You Want People to Follow You, Stop Being a Boss — 8 Steps to Truly Effective Leadership

Understand the key differences and embark on the journey from boss to leader with these eight vital steps. This article unveils how to inspire and lead teams with passion and purpose.


The Semiconductor 'FOMO'

The current push to develop India into a semiconductor manufacturing hub through PLI and DLI schemes under the umbrella of India Semiconductor Mission (ISM) is a step in the right direction. However, the transition period for India to develop an end-to-end footprint in the semiconductor value chain will need a decade


How the NLRB's New Joint-Employer Rule Will Affect Franchisees and Franchisors and Redefine Franchise Relations

Discover the pivotal changes in the NLRB's Joint-Employer Rule and how they could reshape the dynamics of franchising.

Science & Technology

10 Tips to Protect Your Device From Hackers While Traveling

Here are some helpful tips to protect your device from getting hacked at airports.

Business News

One Rabbi Saw a Gap in the Market for Giant Menorahs. 35 Years Later, He's Gone From Selling 20 a Year to Thousands. is on track to sell more than 5,000 menorahs this year, the most in its history.

Business Ideas

55 Small Business Ideas to Start in 2023

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2023.