Bhavin Turakhia

Bhavin Turakhia

Bhavin Turakhia
Born (1979-12-21) 21 December 1979
Mumbai, Maharashtra, India
Alma mater Arya Vidya Mandir
D. G. Ruparel College of Arts, Science and Commerce
Sydenham College of Commerce and Economics
Occupation
Known for Directi, Media.net, Radix, Ringo, Flock, Zeta, and CodeChef
Net worth IncreaseUS$1.3 billion (2016)[1]

Bhavin Turakhia (born 21 December 1979) is an Indian entrepreneur, billionaire, CEO, and co-founder of Directi.[2][3][4][5][6][7] He is also the founder and CEO of Flock, Radix, CodeChef, and Ringo, as well as the co-founder of Media.net and Zeta.[8][9][10][11][12][13][14] In 2016, Bhavin was ranked as the 95th richest person in India, with a net worth of US$1.3 billion, along with his brother Divyank Turakhia, according to Forbes.[15][16][17] He has been honored as a 2011 Young Global Leader by the World Economic Forum.[18][19][20]

Early life

Born in Mumbai, he did his schooling from Arya Vidya Mandir, Bandra.[15] He attended D.G. Ruparel College[21] to study science and later completed his bachelor's degree in commerce from Sydenham College of Commerce and Economics.[22][23]

Career

In 1998 with a capital of ₹25,000[24][25] (US$375), Bhavin Turakhia at the age of 18, started his first tech venture Directi with his brother Divyank Turakhia.[2][10][26][27][28]

In 2013, Bhavin and Divyank sold four of their web presence companies – BigRock, LogicBoxes, ResellerClub, and Webhosting.info – to Nasdaq-listed U.S.-based web-hosting firm Endurance International Group, for $160 million.[29][30]

In August 2016, Bhavin and Divyank Turakhia sold off their Dubai and New York-based ad-technology company Media.net, founded in 2010, to Chinese investors for $900 million.[31][32] This is the third largest ad-tech deal in history and amongst the largest bootstrapped cash exits worldwide.[33][34][35]

After his two exits, he currently owns and continues to operate Flock,[36][37][38] Ringo, Radix and Zeta.[39][40][41][42][43][44][45][46][47][48][49][9]

Awards and recognition

See also

References

  1. ↑ Bhavin Turakhia Profile. Forbes.com. Retrieved October 9, 2016.
  2. 1 2 "Know how these two Mumbai brothers turned Rs 25 thousand into Rs 9,000 crores". Zee News. August 26, 2016.
  3. ↑ Sabharwal, Punita (September 25, 2016). "From Bootstrap To Billions". Entrepreneur (magazine) (September 2016).
  4. ↑ "कौन हैं मंदी के माहौल में भी अरबों कमानेवाले तुराखिया ब्रदर्स?" (in Hindi). Navbharat Times. August 24, 2016.
  5. ↑ Raghunathan, Anu (September 21, 2016). "Billionaire Tech Brothers Debut On India Rich List After Selling Company To A Chinese Consortium". Forbes.
  6. ↑ Gupte, Masoom (October 18, 2016). "Trendsetting power duo Bhavin and Divyank Turakhia live in the same house & spend holidays together!". Economic Times.
  7. ↑ Singh, Devika (September 19, 2016). ""The reliance on email will reduce," says Bhavin Turakhia, Founder & CEO, Flock". Business Today.
  8. ↑ "Bhavin Turakhia to invest $25 mn in Flock, an enterprise team messenger". The Hindu Business Line. March 15, 2017.
  9. 1 2 Banerjee, Sudeshna (November 4, 2016). "The winner takes it all". Asian Age.
  10. 1 2 Mendonca, Jochelle (September 19, 2016). "Directi, founded by brothers Bhavin and Divyank Turakhia, to buy 1 lakh sq feet building". Economic Times.
  11. ↑ "दो भाइयों की कंपनी, 25000 से शुरु की और 6000 करोड़ में चीन को बेच दी" (in Hindi). New Delhi: Live Hindutan. August 27, 2017.
  12. ↑ "These Stories Of Overnight Success Defy Logic". Huffington Post. January 2, 2017.
  13. ↑ John, Jesus (July 25, 2016). "Making life less taxing for staff and employers". The Hindu Business Line.
  14. ↑ Das, Poulomi (August 4, 2016). "This Indian tech company has one of the most fun hiring processes ever". Business Insider.
  15. 1 2 3 Raghunathan, Anuradha (December 1, 2016). "Meet the technology whiz kids Bhavin and Divyank Turakhia". Forbes India.
  16. ↑ Singh, Rajiv (January 18, 2016). "Bootstrapping – running a startup without equity funding is the better way forward". The Economic Times.
  17. ↑ "इस गुजराती ने 18 साल की उम्र में ही कर ली 8700 करोड़ की कमाई" (in Hindi). Daily Bhaskar. November 23, 2016.
  18. ↑ "Sanjay Chandra,11 other Indians among WEF Young Global Leaders". Geneva: Deccan Herald. March 9, 2011.
  19. ↑ "12 Indians among WEF's Young Global Leaders". rediff.com. March 14, 2011.
  20. ↑ "World Economic Forum names Bhavin Turakhia 'Young Global Leader 2011'". Business Standard. March 18, 2011.
  21. ↑ Nair, Sulekha (September 12, 2016). "Never give up, take risks, hire best talent: Business lessons from Bhavin Turakhia". Firstpost.
  22. ↑ Kurian, Boby; Sharma, Samidha (August 23, 2016). "Brothers born and bred in city sell e-firm for $900m". Mumbai: The Times of India.
  23. ↑ "India's Internet billionaires". Telegraph India. September 12, 2016.
  24. ↑ Bose, Hiren (December 18, 2016). "The strength of start-ups". Deccan Herald.
  25. ↑ मुंबई के दो भाइयों ने 25 हजार को बनाया 9 हजार करोड़, 16 की उम्र बने थे बि‍जनेसमैन... Daily Bhaskar. Retrieved August 24, 2016
  26. ↑ Sabharwal, Punita (October 2, 2016). "10 Takes From Bhavin Turakhia On Tech". Entrepreneur (magazine).
  27. ↑ "16 साल में शुरुआत, आज 1400 कर्मचारी और 400 मिलियन डॉलर की कंपनी". Daily Bhaskar. February 2, 2016.
  28. ↑ "पिता से लिया 25000 का लोन और अब 9000 करोड़ की कंपनी के मालिक" (in Hindi). Nai Dunia. August 26, 2016.
  29. ↑ Arora, Varun (August 26, 2016). "We will set up family office soon, says Bhavin Turakhia". VCCircle.
  30. ↑ Modgil, Shweta (January 10, 2017). "It's Our Moral Obligation To Make An Impact Directly Proportional To Our Potential: Bhavin Turakhia, Co-Founder, Directi Group". Inc42.com. Retrieved March 24, 2017.
  31. ↑ Huet, Ellen (August 22, 2016). "Yahoo Ad Partner Media.net Sells to China Group for $900 Million". Bloomberg News.
  32. ↑ Yadav, Sachin (August 23, 2016). "दो भारतीय भाइयों ने 900 मिलियन डॉलर में बेची कंपनी, एक दिन में बने अरबपति" (in Hindi). Oneindia.
  33. ↑ Munford, Monty (August 22, 2016). "Chinese Consortium Acquires Media.Net For $900 Million In Third-Largest Ever AdTech Deal". Forbes.
  34. ↑ Mannes, John. "Media.net acquired for $900M in mega ad-tech deal". TechCrunch. Retrieved 2016-12-12.
  35. ↑ Gooptu, Biswarup; Chanchani, Madhav (August 23, 2016). "China consortium buys ad-tech venture Media.net for $900 million". The Economic Times.
  36. ↑ Shaikh, Shadma (March 16, 2017). "Bhavin Turakhia invests $25 mn in enterprise messenger Flock for expansion". Economic Times. Retrieved March 24, 2017.
  37. ↑ Singh, Arti (March 16, 2017). "Bhavin Turakhia to invest $25 mn more in enterprise messenger Flock". VCCircle.
  38. ↑ "VENTURE DEALS". Fortune (magazine). March 16, 2016.
  39. ↑ "Personally Tech With Ringo Founder-CEO Bhavin Turakhia". NDTV. July 24, 2015.
  40. ↑ Mendonca, Jochelle (September 12, 2016). "Directi's Bhavin Turakhia to invest $110 million in newer ventures". Economic Times.
  41. ↑ "Startup Zeta launches digital LTA solution for employees, Optima Card". Firstpost. January 11, 2017.
  42. ↑ "Flock 2.0 update brings Teams functionality, deeper app integration". Mumbai: Daily News and Analysis. September 8, 2017.
  43. ↑ Thomas Hector, Dearton (September 8, 2016). "Why Bhavin Turakhia thinks Flock 2.0 will be the next big thing in enterprise chat". VCCircle.
  44. ↑ Chopra, Ambika (September 13, 2016). "Turakhia Brothers To Invest $110 Mn In Four Ventures -- Zeta, Flock, Ringo, & Radix". Inc42.com. Retrieved March 24, 2017.
  45. ↑ KJ, Shashidhar (January 8, 2016). "Directi's Bhavin Turakhia launches Zeta app to digitize meal vouchers". MediaNama.
  46. ↑ "Directi to hire over 1,000 people". Business Standard. July 1, 2017.
  47. ↑ "इन भाइयों ने चीन को बेची 6000 करोड़ में कंपनी, 18 साल की उम्र में बने अरबपति". News18 India. August 28, 2016.
  48. ↑ "Bhavin Turakhia now bets on Zeta". Bengaluru: The Times of India. September 30, 2016.
  49. 1 2 Kurup, Rajeesh (August 23, 2016). "The Turakhia brothers are now worth $1.4 billion". The Hindu Business Line.
  50. ↑ Sunkara, Keshav (September 22, 2016). "Patanjali's Balkrishna, Turakhia brothers enter Forbes rich list; Flipkart founders exit". VCCircle.
  51. ↑ Karmali, Naazneen (September 21, 2016). "As India's Richest Make Big Gains, The Entry Price To The Top 100 Touches $1.25 Billion". Forbes India.
  52. ↑ Jain, Samiksha (September 5, 2016). "Here Are The Winners Of The Prestigious 6th Annual Entrepreneur India Awards 2016". Entrepreneur (magazine).
  53. ↑ Bhosale, Akshay (August 25, 2016). "‘Serial Entrepreneur’ Bhavin Turakhia Bags Dual Awards At Annual Entrepreneur India Awards 2016!". DigitalConqurer.
  54. ↑ "ETPanache Trendsetter Awards 2016: Ananya Birla, Dipa Karmakar, Karan Johar emerge winners". The Economic Times. October 18, 2016.
  55. ↑ "ET Panache Fetes Young Trendsetters". Mumbai: Times of India. October 17, 2016.
  56. ↑ "Search for News, Stock Quotes & NAV's The winners of the ETPanache Trendsetter Awards 2016". The Economic Times. October 17, 2016.
  57. ↑ "List of 2011 Young Global Leaders Honourees" (PDF). World Economic Forum. April 20, 2011.
  58. ↑ Talent needs opportunity (annual review of activities (2005 - 2006) - Airtel) (PDF). Bharti Foundation. p. 15.
  59. ↑ "BCEI invites nominations for the Bharti Entrepreneur of the Year Award 2008". Business Standard. November 24, 2008.
  60. ↑ "Registrar Constituency Statement" (PDF). Icann.org. July 12, 2005.
  61. ↑ New, William (July 13, 2015). "ICANN's Process For Strategic Plan, .Net Domain Renewal Questioned". Ip-watch.org.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.