Get All Access for $5/mo

The 3D Dreamer The firm has grown five times since FY 21-22 and is expected to grow by three times yearly for the next three years compounding annually

By Entrepreneur Staff

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

Ikarus
Ishan Kumar Giddu, CEO and founder, Ikarus 3D

The idea of Ikarus 3D, which started from a college dorm room, has now blossomed into a prospective bootstrapped venture in the AR/ VR industry. A graduate of B.Tech from Thapar University, Ishan, quite early in his life, saw potential in the AR/VR segment, which was witnessing a boom of $658 million in equity financing in 2015. "We often forget that what takes the lion's share in the world of AR/VR is 3D modelling", adds Ishan Kumar Giddu.

What makes Ikarus 3D stand out is its dedicated team of 70-plus 3D artists, in-house QA tool (which has brought down corrections by 35 per cent), and smooth and organised workflow. The startup produces about 3000-4000 models monthly and has Meta, Spectrum, NexTechAR and Floorplanner as some of its clients. Ikarus 3D's product portfolio includes furniture, shoes, eyewear, 3D avatars, accessories and electronics, while its services include AR & VR ready 3D models, 3D scan clean-ups, Meta ready 3D avatars and VTO-ready 3D assets in 17-plus countries across the globe.

The firm has grown five times since FY 21-22 and is expected to grow by three times yearly for the next three years compounding annually. 2022 was about growth and expansion, where Ikarus 3D expanded its 3D team and initiated the marketing and technology departments. Ishan also learned ARR (Annual Recurring Revenue) as much as profits in his line of business. In 2023-24, the 3D firm plans to scale from the current number of 3D artists to 120-plus; it is also developing two new products, 'Ikarus Nest' and 'Sicily', and plans to expand further globally.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Business News

Y Combinator Helped Launch Reddit, Airbnb and Dropbox. Here's What I Learned From Its Free Startup School.

The famed startup accelerator offers a free course on building a business — and answers five pressing questions for founders.

Science & Technology

Why We Shouldn't Fear AI in Education (and How to Use It Effectively)

Facing resistance to new technologies in the educational process is nothing new, and AI is no exception. Yet, this powerful tool is set to overcome these challenges and revolutionize education, preparing students and professionals for a future of unparalleled efficiency and personalized learning.

Collaboration

Watch Out for These 5 Consequences of Too Much Collaboration

Beware of the collaboration trap! Too much collaboration causes overload, and well-intentioned efforts to have broad collaboration can backfire.

Leadership

How His Personal Battle With Cancer Inspired This Founder's Solution for Patient Care

On this episode of "The Founder CEO," Michael O'Neil, founder and CEO of GetWellNetwork, discusses his inspiring journey as a leader and the transformative role of AI in healthcare.

Starting a Business

Inside the Exclusive Private Club Devoted to Food, Wine and the Arts

Barrett Wissman breaks down the passions and partnerships behind his latest venture Domus Artium Reserve.

Business News

Apple's AI Has a Catch — And It Could Help Boost Sales

Not every iPhone owner will get to use the new Apple Intelligence.