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Akhilesh Bali founded his second start-up, LimeTray, after graduating from the ISB. Photo: Priyanka Parashar/Mint

Akhilesh Bali was 23 when he founded Mithaimate.com with a few friends. “We were very naïve. We had never heard of things like a ‘corporate business plan’. And while for some a business plan is something that is just on paper, in retrospect I think it does force you to think about your business in a certain way and plan properly when you think of scaling up,” he says.

Image: Akhilesh Bali founded his second start-up, LimeTray, after graduating from the ISB. Photo: Priyanka Parashar/Mint