Data Sharing Business

2 Data Sharing Business Success Stories [2024]

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Updated: October 8th, 2024

Want to help businesses unlock the value of their data? Consider starting a data sharing business.

In simple terms, a data sharing business involves securely collecting, managing, and distributing data from various sources to companies that need it for analysis and decision-making. You'll act as the bridge, ensuring the data is high quality, compliant with regulations, and accessible for those who need it.

The expanding need for data-driven decision-making across industries makes this a compelling business opportunity. Companies continuously seek fresh, reliable data to stay competitive, offering a steady demand for your services.

Starting a data sharing business isn't without its challenges. It requires robust data security measures, a keen understanding of data privacy laws, and strong relationships with data providers and clients. However, with the right approach, it can be both a rewarding and profitable venture, filling a critical gap in the current business landscape.

In this list, you'll find real-world data sharing business success stories and very profitable examples of starting a data sharing business that makes money.

1. Scrapingdog ($264K/year)

Manthan Koolwal, founder of Scrapingdog, was inspired by the productivity and entrepreneurship culture in his hometown of Gujarat, India. After completing his B.tech degree, he learned to code and discovered the potential of web scraping. He launched Scrapingdog as an MVP, focusing on SEO and writing quality blog posts to attract customers. Since then, Scrapingdog has grown to generate $22k per month, with Manthan emphasizing the importance of SEO in growing a business.

How much money it makes: $264K/year
How much did it cost to start: $300
How many people on the team: 6

How I Bootstrapped A $264K/Year Data Scrapping API [From India]

Scrapingdog, a web scraping API founded in India by Manthan Koolwal, is making $22k per month and has increased its paid customer base by 15-18% every month, focusing on SEO and quality backlinks to attract customers and achieve a 99% success rate in web scraping.

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2. Crustdata ($24K/year)

Abhilash Chowdhary, co-founder of Crustdata, came up with the idea for his business while working as a software engineer in the US. Inspired by his previous job building a data intelligence platform, he wanted to create a similar platform for the Indian public market. After pivoting their target customers from public to private investors, they found their first customer and have since onboarded more than 10 paying users, generating over $20,000 in revenue since their launch in March 2022.

How much money it makes: $24K/year
How much did it cost to start: $1K
How many people on the team: 0

How I Turned My Side Hustle Into A Profitable SaaS [97% Gross Margin]

Crustdata co-founders built a SaaS tool to track private startups by indexing the public web, onboarded more than 10 paying users and brought in over $20,000 revenue since launching in March 2022.

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Read by 3,356 founders